October 26, 2010
Comments by Guillermo Kopp / @GuillermoKopp
Chairman, GUAU Corporation / gk @ guauco.com
PLUGGED IN – FOLLOW UP THOUGHTS
1. Content contribution: Do people click on the “participate” button? Most people are busy and lack the time to do so, however, asking visitors to help create specific, unique content may attract contributions.
Comment: We find that facilitating content discovery will get people’s attention. Combining professional and user reviews will boost credibility and entice participation. People may like syndicated sites that combine similar types of content, such as status updates from Twitter and facebook.
2. Authenticity: Different than printed media, syndicated editorials lack clear labeling or regulations to verify the person (with his or her identity, affiliation, or field of activity) that is entering the content.
Comment: We believe that consumers deserve, and will expect, proper disclosure about the nature and source of online content. Consumer behaviors and rules of engagement to accept branded, peer, or professional content will take shape gradually based on the specific field of activity or industry sector.
3. Differentiation: As content proliferates, people find it harder to see the value. People would pay for exclusive, immediate, convenient, interesting, premium content and original points-of-view.
Comment: We believe that sites should mind the specific purpose of the content. Sites that help people make quick shopping choices will have a different style from those that feature entertainment, contextual information, or reference data, or specialized sites that influence more impactful decisions.
4. Video content: Advertisers want targeted audiences more than content, so TV programs get the biggest share of the budget. Online videos are more engaging and much shorter (around 1.5 minutes).
Comment: We envision a massive growth of short and instantly popular online video content that will ride on bandwidth availability and the proliferation of YouTube and media clips. As TV programs get saturated with commercials, personalized repackaging of media should put viewers back in control.
5. Paid content: Syndication may give visibility to content producers, but these may not get paid. Traffic expectations are overblown. Sites need to create revenue events and build customer loyalty.
Comment: Usage statistics will reveal what people value, and nurture content-centric relationships. Lowering the burden for people to make micro-payments for premium content items (e.g., iTunes, facebook credits) will lead to greater adoption by customers and much higher monetization rates.
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