Why Paywalls aren't Working
Kishore Dharmarajan
Helping Brands 10X business through Podcast Marketing & Community Building | CEO of SEO Souq | Founder of Digital Marketing Dubai group with 170K members | Baselook.com | iDhabi.com |
I was hoping to see an industry where the 80/20 principle doesn't work.
But the journalism sector also works on 80/20.
While Bloomberg and New York Times have been doing well with paywalls, the smaller brands have been hurt.
The issue is that people have choice.
Alternatives are only a click away.
So, paywalls create a contextual problem for media houses.
The user is taking an action within a context and cannot be persuaded by a wall.
In fact, resistance always leads to further rejection.
Many times, the brands are awesome journalism experts but not neuromarketing experts.
So, the audience refusal to enter the paywall is often misconstrued as a price issue and not a context issue.
Looking forward to hear from media leaders ... Carly Schwartz, Annemarie Dooling, Lea Ann Leming, Jermaine Spradley, Neil Katz, Elizabeth Yuan, Craig Kanalley, Yunita Ong.