Subscription sites are growing by the month (if not week), and here are some interesting launches and acquisitions we thought you’d want to know about:
The Indie label Stones Throw just launched a subscription service by which members would get ever song/album they released delivered to their Inbox
Hitch.me lets singles date by ‘hitching’ into their LinkedIn profile. The site has only three questions: two about finance and one about what type of car you drive (which, as a native New Yorker, I found to be a curious litmus test of net worth).
On the other side of the equation, a number of sites are experiencing growing pains:
Gods & Heroes is dropping its subscription service in favor of a flat $9.99 fee.
Netflix is keeping its subscription service but phasing out its DVD rentals, moving more to a SaaS model with streaming movies.
AOL, the original online subscription service, seems to be going down the rabbit hole with their resistance to subscription services and rapid growth of the Huffington Post abroad.
Slader.com, a new service to help kids with math homework, downgraded from a promising subscription model to free!
Of course, there’s no one algorithm to success. But recently, Lynda Weinman of Lynda.com fame went on Big Think to give her opinion on the matter. We just love how she emphasizes getting to know the daily workings rather pondering abstract business models. Perhaps that’s why Paywall Times readers are finding success in the subscription industry?
Attention paid content and membership site execs: want to be a featured speaker at Anne Holland’s upcoming Subscription Site Summit in San Francisco April 24-25th? If we accept your proposal, your ticket is free (value $1100.00). Plus, the peer-to-peer networking is incredible. Our past attendees and speakers include execs from FT.com, Motley Fool, ThrivingWithAutism.com… (for a complete list click here). We have just four spots left for speakers so please submit your name today.
Note: Don’t worry about being too formal. Just jot down a rough idea of what you’d like to talk about here and then our editorial department will help you refine your speech. The important thing is to nominate yourself.
Wistia, the subscription provider of video hosting services, just released a new feature called SuperEmbed that may make opt-ins more likely through social media.
SuperEmbed lets Wistia users customize any video that they share via YouTube, their own blog/site, or through other social media platforms. Not only does this allow for easier manipulation of design elements, like color and presentation, but users can also include a call-to-action. The service also lets you simply check a box to share the video via a variety of social media platforms.
This is good news for sites that have videos in front of or behind the paywall (the latter would be able to link to more content within the site). Also, the SuperEmbed site looks pretty user-friendly, with enough options to increase opt-in rates, but not too many that you get lost or overwhelmed.
The one feature that may need to be used with caution — the overlay option for the video. Instead of streaming inline, you can make the video appear as a pop-up or overlay. While this has been shown to work well for opt-ins and conversions, users will have to test whether it’s a good idea for video (from personal experience, I sometimes like to play a video and listen to it as I scroll down the page–the overlay prevents you from viewing other content on the page clearly).
Have you used SuperEmbed? If so, please write us and tell us about your experience, especially the overlay feature.
AOL is looking for a chief operating officer to run TechCrunch and its other technology properties after TechCrunch CEO and AOL Tech GM Heather Harde announced her decision to step down at the end of the year.
AOL is hiring a COO (apply here) to lead all of its technology properties, which include Engadget, Joystip and The Unofficial Apple Weblog, and collectively produce 250 million pageviews, according to TechCrunch.
TechCrunch is also hiring a lead product manager, who will report to the COO and own the product roadmap for the TechCrunch site, Crunchbase, TechCrunch TV, and future mobile apps. Both positions are based in San Francisco.
Skeptical that your product and service is conducive to online subscriptions? Well, two newsmakers may make you rethink that.
Israeli company Sarin Technologies is launching a Diamond Assay Service, an online subscription service that “enables members of the jewelry and diamond industry to verify whether a diamond is authentic; ascertain its geometric parameters and cut grade; issue printed reports; and propose possible solutions for re-cutting and re-polishing.” B2B subscriptions services are usually pretty good bets and we think this is a great idea, especially given the rise of “recycled” (i.e., used) diamonds due to the recession. But the lack of any competitors in the field also means its a risky venture.
Meanwhile, on this side of the pond, the DNA testing and genealogy service 23andMe is taking some heat for a change to their subscription policy. In short, they changed their terms without notifying customers, discontinuing services that they previously stated would not end regardless of whether customers kept their subscriptions. They seem to be facing the same conundrum many Internet businesses do — they first offered a service that grew in popularity, and now are faced with the complicated task of trying to fit it into a sustainable and profitable business model.
This serves as a lesson to us all — while unique services can be conducive to a subscription model, the hard thinking has to happen up front.
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