Check out this recent article in Ad Age about how the Financial Times has officially rolled out a CPH (cost per hour) metric, where advertisers pay for “attention time,” thus shattering the impression-based CPC (cost per click) model.
What else can niche publishers learn from the Financial Times’ big new advertising play?
- Test, test, test!
Whether testing the advertising waters in “launch mode” with a new magazine or shaking up your existing pricing structure, you must test the heck out of it! Financial Times tested out their new CPH model on advertisers before a full roll out. They worked the program with many selected brands, including Microsoft and iShare, who have already renewed their contracts.
- Niche your niche!
“…Financial Times seeks to charge some advertisers by the number of hours their ads appear in front of certain segments of readers.” Whether you adopt CPH or stay with CPM, always try to drill down deep into specific audiences within your niche and market them. The publisher with the most targeted segments wins, don’t you agree?
- Long-form content in digital advertising can be profitable.
When long form is done right and truly connects with your audience members, it can develop into commerce opportunities not normally associated with the typical 15 or 30-second ad. In addition, when a niche audience is captivated by a 20-minute video, for example, the likelihood they will share it with others increases exponentially.
And thanks to the internet of everything, most people, including niched-out audiences, want to consume advertising in even more targeted, concentrated doses. Ah, the beauty of already being niche!
What do you think of CPH vs CPM? Is it just a big toe dip in the water or a defining new wave in digital advertising?
P.S. Need an opportunity to network with your respected niche peeps, discuss this hot topic further and learn what other niche publishers are doing now? Join us at the 2015 Niche Digital Conference in Savannah this fall.
About this blogger: Diana Landau is the Content Wrangler for Niche Media. A former sales director and corporate marketing hack, she has now found nirvana in writing and wrangling quality content. Diana is a food, wine, art and SF Giants enthusiast……who sometimes gets carried away.
Niche Media has created super niched-out events specifically for magazine publishers for over 12 years. We’ve helped pave the way for the era of boutique events that connect specific audiences and provide great educational, friendly and super-fun environments! Plus, Carl Landau – Niche Media’s Grand Poobah -also created a blog all about creating and marketing targeted events – blog.NicheEventNation.com Check it out!
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