1. First, the pivot to video. 📽️
2. Then, the pivot to podcasting.🎙️
3. Now, the pivot to subscription. 🖊️
Where will media companies pivot next?
The answer is in the thread below 👇
perell.com/blog/owned-com…
Here’s the bitter truth: subscription will only work for a small number of differentiated media companies.
Most media companies don’t have the culture, the personnel or the brand affinity to pursue a subscription model.
Owned commerce is more than t-shirts and hoodies. Media companies will launch, acquire and license new brands that speak to their target audience.
The publishers of TODAY are the commerce companies of TOMORROW.
1. Publishers with organic reach can launch products without paid media.
2. With native shopping experiences, brands can scale fast with relatively low investment.
3. Diversified revenue streams, decreased business risk, and higher revenue multiples
Media companies who pivot to owned commerce have one sizable advantage over traditional DTC players: they know how to connect with their audience better than product-first DTC companies.
They know what types of content people resonate with, what kinds of products people interact with and the frequency with which they do both.
Boom.
There's your competitive edge.
1. Create a trusted brand
2. Gain early revenue traction by selling other companies’ products
3. Collect data
4. Create owned products based on data insights
5. Sell those products to your audience
6. Improve products
Publishers who appeal to owned audiences will win the upcoming pivot to owned commerce.
The full roadmap is outlined in this post (co-written with @austin_rief).
Enjoy!
perell.com/blog/owned-com…