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You are here: Home » The RSS Marketing Diary » RSS Marketing » Why is Monetizing RSS Such a Mystery?

February 28, 2006

Why is Monetizing RSS Such a Mystery?

Monetization.

What does it mean anyway?

Is the only form of monetization making ad bucks from ads? If so, then there really is no hope for any marketing channel ... such as direct mail, telemarketing etc etc.

In an otherwise very sane article about blogs Rich Ord makes the mistake of misspresenting marketing monetization only for ad sales or direct sales.

"RSS has become mainstream and is probably here to stay in some form but it is hardly a blip on the radar screen of internet triumphs. The reason is because RSS is neither a marketing or advertising medium. There is no money being made and no business leads generated via RSS.

So keeping in touch with your customers isn't monetizing a channel?

Bringing your content to your prospects isn't monetizing a channel?

Using a channel to generate business prospects to make a sale to later isn't monetizing the channel?

Bringing product information directly to your customers isn't monetizing a channel?

Getting more people to your website isn't monetizing a channel?

Getting more of your existing visitors to visit again isn't monetizing a channel?

Let's not all just forget that marketing monetization isn't just about generating direct revenues, but about developing customer relationships and bringing customers closer to the purchase.

And do I really have to remind everyone of the new data posted last week by MarketingSherpa? Here it goes again ...

W. Atlee Burpee & Co (the garden seed people) saw their RSS strategy help them increase November sales by four times ... just from a trial RSS feed featuring a "seed of the day".

Just as chance would have it, my friend Sharon Housely also just got her article on RSS monetization posted at WebProNews. A great article, but again failing to distinguish the third RSS monetization "feature": monetizing RSS by using it to improve your marketing.

At the same time, another discussion about monetizing RSS is going on between Robert Scoble of Microsoft and the Blog Herald.

Robert is pushing for full-text RSS feeds, while the Blog Herald seems threatened by full-text RSS feeds due to the possible loss of on-site advertising revenues.

The thing is, both of them have a point. It's not really a matter of whether full-text feeds are better than summary feeds period.

It's a matter of your marketing strategy and your market position.

Robert says that full-text feeds attract journalists and other influencers who will link to you and bring traffic to your site, which you will then monetize with ad exposures directly on the site.

It's a good point, but valid only if you're expecting journalists and other influencers to bring traffic your way. In many cases your business just doesn't support this assumption and you will get more ad dollars by using RSS to get people to your site and expose them to your advertising there.

But yet again in other cases you might not even worry about selling ad space in your feeds but rather use RSS to boost your own marketing. In that case full-text RSS feeds just might be the way to go.

As I said, there's no recipe that will work for everyone. Not in full-text VS summary feeds, not in RSS monetization and not in marketing in general.

Comments

That was a rather silly thing to say about RSS huh? Maybe he was just so focused on his main point about on-site advertising he just didn't know what he was typing!

There's no question at all that feeds have increased my market reach by a mile. And for all my clients as well.

The results are in and they are good. .In fact, it never occured to me that I would lose a thing by feeding good content!

There is NO downside to feeds for marketers unless they just don't attract people back to your site for lack of interest in the subject.

Ord has obviously never been fishing before.

Feeds are the baited hooks you cast to net yourself some new customers.

Posted by: Jack Humphrey at March 2, 2006 5:51 AM

ow, too bad...this wasn't available when I began my LP to CD conversion process. I have s

Posted by: ow, too bad...this wasn't available when I began my LP to CD conversion process. I have s at September 15, 2007 12:05 AM
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