Last month I had the opportunity to play expert on a conference discussion panel along with the likes of Henry Jenkins (well, at least virtually).
Providing comic relief, I jammed a 1/2 hour presentation into 6 minutes. The thrust of my presentation was to ask that people first consider building online traffic and enagement before trying to implement monetization (is it OK to base a presentation on a pet peeve?). Oh, I snuck in some edge comments later that were a little less snarky. It was fun, and a big thanks to the Center for Social Media for giving me the opportunity to speak. Below is a writeup they did up on my contribution.
Keith Hopper, Product Manager at Public Interactive, advised media makers to focus on getting more online users and building user interaction—such as product downloads, references in blogs and social networks, and participation in online discussions. "User interaction is the new currency," he said, noting that Google and Yahoo give away most of their content for free in order to build users. "This buys you significant leverage with partners and underwriters," he said, adding that currently, "Most public media doesn’t have enough user interaction to monetize."