Much has been said and written over the last several years in publishing circles about how Content is King or Audience is King. I weighed in on this topic in my blog post of
July 14, 2008. As I pointed out in that post, I think the argument is pointless. To paraphrase Bill Clinton in 1992, "it's both stupid". While the debate of the royal supremacy of Audience and Content may be without merit, its clear to me that ownership of the palace should really belong to King Data!
Data is what takes the anonymity away from an amorphous concept like audience, or readers or subscribers and turns them into individuals. Individuals with discrete tastes, preferences, likes, dislikes and behavioral foibles. The knowledge of which can aid the savvy publisher in marketing more more smartly. Let's take a look at 4 essential questions that must be asked that defines the the characteristics of King Data.
1.
Who is my Audience? These are the classic demographic questions loved and used by direct marketers for 2 generations. How old are they? Where do they live? What do they do for a living? What is their job title? Do they own their own home? What's their income? These are easily appended from a variety of commercial list sources.
2. What content have they interacted with? Impossible to know without expensive surveys in yesterday's world of printed media, now imminently knowable and very reveling. How long did they they spend on various content? What stories have the most appeal? What layout is the most effective? What is the sequence of their interactions with the editorial? Are they forwarding it to friends? How frequently and with what comments?
3. Why have they interacted with it? What caused the interaction? How did they reach it - directly, via a search engine, via a portal? What stimulated the interaction - a direct mail piece, an e-mail, a banner or text ad, a link from another site?
Each of these 3 question categories are increasingly more powerful and collectively drive the most important question about King Data.
How does the smart marketer use the answers to each of the questions to form a picture of discrete audience members that will both inform the decisions of what content to show them next and to what marketing stimulus are they most responsive? In short it drives the most fundamental question: how can I make my content more engaging for my audience and how can I get my audience to engage with me more fully?
All the Best,
Ray