City Media WebStores™ are attracting attention throughout the newspaper industry. Katherine Wiggett, president of www.citymedia.ca calls it “a solution for community newspaper Web sites to make serious money online.” “Community media need to consider adopting a marketplace strategy for their websites,” adds Wiggett.
So far, our experience shows that WebStores™ are making money not only from ads placed by businesses, but also from transactions and the ability to promote the stores in print and online. WebStores™ add value for traditional media clients and generates 100,000 to 150,000 page views per month.
This is an online solution for all types of businesses even if they have their own Web site. Over 81% of consumers are using the web to either buy or make a buying decision, yet only 31% of them are online and less than 7% are prepared to sell through e-commerce. We want to make it easier for these consumers to buy from local businesses (newspaper advertisers) in their local market.
Many businesses don’t have the time or the ability to change their website regularly, don’t have the “know how” to sell online and don’t want to sell outside their market area. City Media works with the newspaper to help them provide branded tools for their advertisers.
WebStores™ features free listings of the businesses in the community. The free listings also include a free Web page that contains each business’ name, address, map, phone number, store hours, site link, charge cards accepted, and a photo of the business or product. Businesses can manage their page and make changes as often as they want.
The stores are marketed through ads in the newspaper, a shopping link on the newspaper website, banner advertising and an affiliate program. The key success factor is that the newspaper promotes the WebStores™ in the printed product and drive traffic to the website. Marketing also includes flyers for businesses to give customers pointing them to the Newspaper partner shopping pages, free seminars for businesses to learn how to use their Web pages, and contests leading people to the site to sign up.
For $50 a month, businesses get a basic package that includes unlimited words, an e-commerce enabled store to handle transactions, coupons on other Web sites, the ability to post print ads, or coupons, and the ability to create an online-only coupon, ad, or videos. Every WebStore™ can sell products, services and post coupons online. These businesses would never be able to afford or have the technical expertise to do these services otherwise.
Many businesses are using their WebStore™ as their Web site. Media partners earn in t he range of $250,000 to $450,000 per paper depending on the size of the market, number of accounts and the frequency of the newspaper. There are also other revenue opportunities including transaction fees, ads online and web advertising.
Steps to success
1. Keep it simple – it must be easy for the advertiser or they won’t use it.
2. Promote it – traditional media is the hook and drives traffic to the web where you can sell.
3. Keep it affordable so that newspapers can reach small businesses that aren’t advertising.
4. Make sure customers know how to use the product so they won’t wonder what they’re paying for.
5. Provide a free service that can build a community and generate sales.
6. Let others in your industry know about your success. They could be your next customers.
7. Look for ways to reach untapped markets with new technology. Think of being viable in 10 years.
To view demo: webstore.citymedia.ca
For more information contact
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