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by nillium
2226 days ago
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In reality, the reason why these have failed in the past is human psychology. Think about this with something other than news -- we all have $800 smartphones, but stare at the app store thinking, "hmm...do I really want to spend 99 CENTS?" When you subscribe to a publication, you have to make decision once. You think about the amount of money against all future potential articles you can read, and decide from there. When you're paying for EACH article, all of a sudden you have to make that decision with every click. Is this article REALLY worth 50 cents? Not to mention, this incentivizes the totally wrong things. People say they hate clickbait, but the aggregators and social networks that now act as gatekeepers force that kind of behavior -- publishers of course only get paid when you click through to their article. And in this case, it's even more profound -- we're no longer talking about a few cents from display ads, but 50 cents to $1. For what its worth, we're trying a different tack -- especially when it comes to local news: https://blog.nillium.com/what-can-napster-teach-local-news/ |
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Also, in that system, "90% of readers were satisfied enough to let the author keep their dollar" would be a pretty strong signal of quality (especially so if the platform takes more than a 10% cut: this is one of the rare cases where a higher cut to the middleman might actually result in a better product).