In this era of the open web, it is hard to monetize information that you can easily get elsewhere.
Want to read about what’s going on with the presence of Iranian dictator Ahmedinajad in NY City? Just Google-News it up (yes, that’s different from Googling it up), and you’ll get all the latest relevant news stories you can handle, in reverse chronological order.
So why would people pay for accessing the NY Times?
Not too many would, and not for long, figured the NY Times – and finally opened up the gates.
It’s official: the “Adsense Model” is in.
Open up your content, make money from ads. This same model didn’t work for most sites just a few years ago, in what I call the “Pre-Adsense Era” in my book. But now, it can work for all sites – whether you are NYTimes.com with millions of impressions, or a LinkOverLoad.com with just tens of thousands of impressions.
Usually I never follow NYTimes links that show up in many of my searches, because I know that 4 times out of 5, I will hit a password-protected story. But today, knowing that they have removed the wall, I read a very interesting article about the new model of outsourcing, a glimpse of which I had gotten earlier looking over the shoulder of someone reading the NY Times paper on the subway.
If you want to charge for your content, make sure your content is not easily available, not easily validated, or that there is too much information that cannot be easily made sense of.
Check out my podcast SubscribeMe.fm below: