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The concept of magazines is great and without bringing it to the same level on digital, the executives are running a losing war. Lets consider the recent experience of one of my favorite magazines, The Economist. I subscribed to their iPad mag. First of all, the subscription takes me away from the app, to website with 2 options. €32 13 weeks and 125€ for 51 weeks. But I'd like to pay monthly as is the status quo on most of my subscription services. Sure I could pay per issue, but then there would be no auto-renew.
Granted, this is a small issue in the grand scale. But come on, take a que from something like Spotify, where I do not need to renew, they have my credit card info and its conveniently everywhere I go. That is a well done subscription service. Secondly, most successful magazine concepts in digital media are blog communities. No fees, no limits but high quality accessibility, funded by quality and relevant advertising.
I believe the key on saving the magazine industry is accessibility. Whether it is magazine subscription or advertising funded, the key is to provide seamless accessibility. Let me work a little at the beginning if needed, but aim to guide me to a state where I have the magazine when and where I want to, without forms to fill. This obviously needs security matters, but that I trust you've taken care, right? That is accessibility.
So remember that:
- Monthly fees appear lower than yearly fees
- Cancel anytime feature will enable easier testing
- Have auto-renew as default
- Advertising should be relevant and considered part of the content
If this is taken care, all you really need to focus is having great content.
Photo by: Teppo Hudson
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