Is Print a zero-sum game? Can print co-exist profitably with new media? Traditionally, print magazines precede their dedicated websites. At Ringier Vietnam, we reverse the publishing process with new titles and publish websites first. The result is a loyal subscriber base, affordable content-generation strategies and a robust database of content to creatively use when we take a digital title to print. The magazine becomes a "byproduct of the brand," a source of revenue and goes on to further market the digital operation. Digital and print are a cycle of mutual support, not a zero-sum game.
3. Ringier who? A long story…
o 175-year old family-owned
Swiss media company
o Market leader in East and
Central Europe with Axel
Springer
o Launched in Vietnam 20 years
ago. Only foreign publisher.
o Reinvested in Vietnam in
2009. Expanding carefully
into S.E. Asia.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
4. What is ringier focused on?
1. Launching more
international titles
• Women
2. Building digital
businesses based
• Age: 25-34
on databases and • ABC Class
transactions
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
5. But enough
about me.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
6. The web and print. It’s
not a zero-sum
world in publishing.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
7. !But… Cannibals!
The web eats my print
business.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
8. I don’t believe this. I
nd that the web
engages my readers,
drives down my
editorial costs and
improves my overall
performance.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
9. No money!
There’s no money
online or I can’t
make money.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
10. My experiences tell
me this is wrong.
Change your
perspective I nd,
that at worst, the web
can save you money.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
11. The City Weekend Project
o City Weekend is an English
entertainment magazine in
China.
o We were poor. We were
behind. We had to think
differently.
o Fortunately, we had a great
CEO who championed the
Web (even though he didn’t
know what that meant.)
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
12. Before we were just
like everyone else…
o A small group of editors would plan, source and
edit content into a magazine.
o After the magazine came out, some poor “web
editor” would be responsible to upload all the
content online.
o The only interactivity was that users could submit
classi eds.
o Our staff turnover was high. Work was hard!
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
13. The trick was to
reverse it Instead of
making a magazine, we
made a website
that made a
magazine.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
14. The website became the
smartest guy in the room
o Editors and users shared events, articles, listings, photos,
classi eds and comments with the site.
o Each “object” shared by users was ranked on the site. The
best of the web was analyzed by the editors and exported
into print.
o Editors and Sales and Marketing were alerted to new
content via the CMS’s content approval system.
o The CMS exported the best content directly into InDesign. It
also published the content into our email updates and
mobile service.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
15. UGC content flow in the City
Weekend CMS
1 2 3 4
USERS * CMS EDITORS CMS
• Visit site • Categorized, • Approved • Exports data
ranked, Sorted and into:
• Create edited data
managed and • Magazine
content
shared data • Email update
• Listings • Alerted users • Mobile
• Classi eds • 24/7 phone
• Articles • RSS feeds
• Events
• Photos
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
16. City Weekend magazine advertised web interaction for users
Contact
editor.
Read blog.
Contact the
author.
Read more.
Pick your Add your
Reversal of Fortune - APC favoritesCrowell – collin@ringier.vn
Collin events
17. It was one big circle
Users/
Products
Readers
• Magazine,
email update, • Share content
mobile phone they like and
want
Editors The website
• Organize, • Organizes,
edit, share, ranks, edits,
help design shares, alerts
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
18. So, did it work?
o 800 unique daily visitors in 2006
o Today, 36,000 (double our competitors)
o 3,000 listings in 2006. Today- 19,842
o In 2006, we had zero registered users.
Today, we have 102,874.
o CW is now the market leader in Beijing and
Shanghai. CW has a staff of 15 editors. Our
next competitor has 30.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
19. Instead of making a
magazine, make a
website that makes
a magazine.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
21. Meet marry.vn
I’m a
website!
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
22. No. 1 wedding website in vn
o Launched in August 2010
o Based off theknot.com
o Focused on business
directory, photos and user
engagement (UGC)
o 150,000 visits/month
o 11,000 members
o 2 full time editors
o Published rst magazine in
April 2010 (7 months later)
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
24. Revenues looking good
Jun-‐10
Jul-‐10
Aug
2010
Sep
Oct
Nov
Dec
Jan
2011
Feb
Mar
Apr
May
Jun
2011
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
26. So what did
we do?
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
27. website then the magazine
Website Email Magazine
Everything Popular Best of Marry.vn
o Directory o Listings o Listings
o Photos o Photo albums o Photo albums
o Columnists o User reviews o Articles
o Forum o Forum topics
o User reviews
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
28. Advertisers everywhere possible
Website Email Magazine
o Banner Ads o Newsletter Ads o Print Ads
o PR Articles o Promotion Email o PR Articles
o Category Sponsor o Noti cation Email o Business Listings
o Search Sponsor o Photo Collection
o Consultant Corner
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
29. Marry.vn made a decent Magazine
o Launch: April 2011
o 2x Advertising Sales Target in 2 weeks
o Best Seller on online bookstores
in 2 days for 3 weeks
o Newsstand Sales:
Sold out after 3 weeks
Distribution partner request for reprint
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
30. make a website that
makes a magazine.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
31. There’s something about Marry…
o Low headcount (2 editors!)
o Great content for low costs (site
can even score and select)
o Advertisers see the bene t of
Marry
moving to web
o Editors want to work on web,
because it makes their life easier
o Web performance GROWS when
it became the focal point
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
32. We are reversing our
traditional print
Ringier’s cooking magazine
magazines to…
make websites
that make
magazines.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
33. A recent issue of Bep Gia Dinh
Share your recipes
The magazine drives traf c to the website
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
35. g
Put our $ where our mouth is
Comin
www.ELLE.vn
soon
We’ll focus on…
o Promoting and streaming the most
popular columnists
o Shopping deals become shopping
trends
o Popular stores/shops drive (directory)
feature stores and become advertisers
o Street fashion/style photos become
user engagement
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
36. 5 Key points on reversal
1. Start with content that’s “easy” to reverse i.e. low-
hanging fruit. Don’t have to do it all in one-go.
2. Think of content as objects and give each object a
score. Then you can stream the object into the best
place i.e. email, mobile, print, etc.
3. The web has everything, print has the best. Don’t
duplicate, distinguish.
4. Choose or build a CMS (open source!) that is editor-
friendly. Who wants to do two jobs?
5. Invest in great people who get brands and
positioning.
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn
37. But enough about
me…. What do you
think of me?
Reversal of Fortune - APC Collin Crowell – collin@ringier.vn