The Publisher’s Guide to eCommerce: Case Studies
| dc.contributor.author | Radcliffe, Damian | |
| dc.date.accessioned | 2020-09-24T00:31:26Z | |
| dc.date.available | 2020-09-24T00:31:26Z | |
| dc.date.issued | 2020-06 | |
| dc.description | 30 pages | en_US |
| dc.description.abstract | The COVID-19 pandemic has dramatically affected most industries, including the publishing and media sectors. Arguably, the advertising downturn associated with the pandemic makes it clearer than ever that companies need to diversify their revenue streams. Facing an "extinction event," as the current crisis has been called, may encourage publishers to look again at eCommerce and its potential. In doing this, it makes strategic sense for publishers to identify propositions which build on their existing relationship with audiences; and which play to their strengths. Audience data and insights, coupled with trust and name recognition, are valuable commodities which can be harnessed to support eCommerce activities. Historically, as BuzzFeed CEO Jonah Peretti noted at the start of 2020, media companies have not done a good job of this. “….A longstanding problem in the media industry where content creators provide the inspiration to buy a new product, go on a vacation, or watch a new show–but don’t capture much of the economic value created," he argued. "This is sometimes referred to as the “attribution problem,” where Google and other middlemen end up capturing value they didn’t create. We see a real opportunity for us to reclaim some of that profit.” Peretti, as this new report shows, is not alone in this optimism. If publishers can further understand, and anticipate, the user journey - including the role of content as a driver for purchase decisions - then this remains a firm foundation on which eCommerce products and properties can be built. | en_US |
| dc.description.sponsorship | Originally published by What's New in Publishing and sponsored by Sovrn, this free report aims to spark new ideas as well as reaffirm existing publisher strategies. | en_US |
| dc.identifier.uri | https://hdl.handle.net/1794/25575 | |
| dc.language.iso | en | en_US |
| dc.publisher | What's New In Publishing | en_US |
| dc.rights | Creative Commons BY-ND | en_US |
| dc.subject | ecommerce | en_US |
| dc.subject | COVID-19 | en_US |
| dc.subject | coronavirus | en_US |
| dc.subject | media | en_US |
| dc.subject | internet | en_US |
| dc.subject | digital media | en_US |
| dc.subject | online shopping | en_US |
| dc.subject | online retail | en_US |
| dc.subject | publishing | en_US |
| dc.subject | business models | en_US |
| dc.subject | media economics | en_US |
| dc.title | The Publisher’s Guide to eCommerce: Case Studies | en_US |
| dc.type | Article | en_US |