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#BizLabSummit #BizLabSummit SUSTAINABILITY & INNOVATION IN PUBLIC RADIO 2019 WBUR BIZLAB SUMMIT

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#BizLabSummit#BizLabSummit

SUSTAINABILITY&INNOVATION

INPUBLICRADIO2019WBURBIZLABSUMMIT

#BizLabSummit

NEXT:LIGHTNINGTALKS

#BizLabSummit#BizLabSummit

WAMU- DCistWASHINGTON,DC

#BizLabSummit

PROBLEMSTATEMENT

Howdowedevelopadistinctmembershipprogramforadigitalnewssitewithinalargerlegacypublicradiostation?

#BizLabSummit

DiscoveryresearchWesurveyedreadersandhostedtwofocusgroupswherewelearnedaboutreadersmotivationsandbehaviorsaroundDCist,alongwithwhattheyhopedtogetfromamembershipprogram.Weusedanalyticstocaptureusagebehavior.

#BizLabSummit

Proposedsolution

WelaunchedmembershipinbetaandranA/Btestsarounddifferenttypesofmembershipoffers.

Specifically,welookedatconversionratesforsustainingvs.one-timedonations,thankyougifts,andeventinvitesonconversion.

#BizLabSummit

Conclusionandmainfinding

LaunchedasustainingonlymembershipprogramwithdistinctperksforDCistreadersonNov1st.

Ourgoal:reach500foundingmembersbytheendof2019.

Currentlywehave427members!

Raisingatotalof$6,538.

#BizLabSummit#BizLabSummit

LouisvillePublicMediaLOUISVILLE,KY

#BizLabSummit

PROBLEMSTATEMENT2017:LPMpurchasedDo502,aneventlistingplatform.

Plan:IntegrateDo502intoLPM’sprogramming.

Problem:Do502userswereunawarethatDo502isconnectedtoLPM,isanonprofitandneedssupport.

#BizLabSummit

Discoveryresearch

Qualitativeresearch

Quantitativeresearch

Facetofaceinterviews

LouisvilleMusicAwards

WFPK’sLiveLunch

Donorlunches Indepth1:1phoneinterviews

Timeofdaydata

Mobilevsdesktopaccess

Userlocationdata

Do502users

Survey

Do502analytics

#BizLabSummit

ProposedsolutionDo502events

Newsletterwithmemberperks

#BizLabSummit

Conclusionandmainfinding

Findings• FolksdocometoDo502events• Wecanconvertthemintomembers• SinceAprilwe’vegrowntheDo502membersby500%

Sinceendofproject• ContinuingtobuildtheDo502membershipprogram• Creating“lowlift”Do502eventsprogramfor2020

#BizLabSummit#BizLabSummit

WDETDETROIT,MI

#BizLabSummit

PROBLEMSTATEMENTWDEThasmanyloyal,localsmallbusinesseswhocannotaffordtypicalradiopromotions.

It’scostlyforanunderwritingreptogoaftersmallbusinesses.

CanWDETprovideasimplemarketingsolutionforsmallbusinessesandbringinadditionalunderwritingrevenues?

#BizLabSummit

Discoveryresearch

In-personinterviewswith5localsmallbusinesses• Scriptpluscardstoguideconversation• Capturedstrengths,weaknessesandneeds.

Businessprofilesincluded:• Limitedmarketingbudgetandresources• Notraditionalmedia• Valuethelocalcommunity,beingpartoftheculture• AlignwithWDET’scultureandmission• Successfullyusesocialmediaforpromotion• Targetlocalresidents,businessesandworkerpopulation• WDET’saudienceagoodcustomermatch

#BizLabSummit

Discoveryresearch

Instagram

Facebook

Objective:CreateasocialmediaproducttopromoteDetroit’ssmallbusinessestoWDET’sloyalandengagedaudience.

#BizLabSummit

Conclusionandmainfinding

Whatwelearned:• ThenuancesofFacebookandhowtheirAIaffectsresults• Howtointeractwithournews/editorialteamto“sell”thisconceptinternally• Solutionstoeditorialobjectionsbeforelaunchingtests• Facebook’slookalikefilterwasthemosteffectiveaudienceforreachandcost

Recommendation:• Continuetodevelopsalescollateral,basicP&Lrevenueprojectionsandidentifybusinessleadliststosellthisserviceat$200to$300• Nextstepsincludeaneffective,scalablesemi-automatedprocesstosellandproduce

#BizLabSummit#BizLabSummit

CapitalPublicRadioSACRAMENTO,CA

#BizLabSummit

PROBLEMSTATEMENT

CPRNisanetworkofNPRstationsthroughoutCaliforniawhoreceiveStateCapitolreportinginexchangeforunderwritingunits.Itssuccessfulrevenuemodeldiminishedovertime.

HowcanCapRadiorestartandreinventthispotentialsourceofrevenue?

#BizLabSummit

Discoveryresearch

• Backgroundresearchonthestatusofthepartnerstations• InterviewedprospectstocapturetheirperceptionofNPRandthenetwork• Builtoutthecomplexworkflowrequiredtomanagethenetwork

#BizLabSummit

Currentexperiments• Testedamulti-regionmodeltoenablegeo-targetedunderwriting• NorthCalifornia• CentralCalifornia• SouthCalifornia

• Builtanewpricingmodel

• Metwithkeyprospectivebuyers

• Experimentedwithideasandsupportsoftwaretomanageworkflow,inventory,andprospects

Test sales deck

Final sales deck

#BizLabSummit

Conclusionandstatus

Experimentsresultedinanentirelynewnetworkmodelwithnewlyestablishedregions,geographicallyappropriatepricing,internalstructuresforinventorymanagement,insertionorders,andunderwritingprocesses.

Todatewehaveachieved:• 8Meetingswithkeystakeholders• 3meetingsresultinginsales• Newrevenueof$65,000• Renewalrateof66%• Pendingrevenueof$104,000todate• Firstyearsalestargetof$250,000

#BizLabSummit#BizLabSummit

WLRNMIAMI,FL

#BizLabSummit

PROBLEMSTATEMENT

WLRNneedsanewcontentdeliverysystem/producttoattractandengagenewaudiences,deliverspecificcommunityissuefocusedcontent,andgeneratenewrevenuethroughthisproduct.

#BizLabSummit

DiscoveryresearchQualitative

• Interceptinterviewsatanenvironmentconference

• 3mini-surveystodiscoverinterestlevelinenvironmentalcoverageusingQRcodesforeasyaccess

Quantitative

• Analyzedsurveydata

• CapturedbehavioroftheWLRNwebsitewithenvironmentalnews

#BizLabSummit

SolutionPhase1: Developanenvironmentalnewsletter

Sixweeks:6newslettertestssentto120individuals

Conceptstested:• Subjectlines• Newslettertone• Buttondesign,labels&graphics• IncludingaNewsletterAnchor

Phase2: PartnershipwithNewsRevenueHub(NRH)• Audiencesurvey• SetupNRH’splatform:MailChimp,Salesforce&Stripe• ScrubandimportexistingdatabasetoMailChimp• Signupforms,landingpagesandnewsletterbestpractices• Continueexperimentationwithbestsendtimes• Launchasoftdonationcampaign

#BizLabSummit

ConclusionandmainfindingSuccess!• LaunchedasoftdonorcampaignwithNewsRevenueHub• Newsletterperformancedataispositive:• Averageopenrateof30%• Averageclickthroughrateof2.5%.• Audienceisengaged:surveys/questionsarehighestclickedlinks• AudiencelikespersonalizedtoneandNewsletterAnchorKatieLepri• Feedbackemail– 100%positiveresponsesComingup:• WLRN’sgoalistobea“hub”- combiningjournalismandcommunityengagement• Generatenewdonations• Developevents• Exploreunderwritingopportunities

#BizLabSummit#BizLabSummit

VermontPublicRadioCOLCHESTER,VT

#BizLabSummit

VPR’svisionis‘ExploringTheWholeVermontStory,Together’- butasastatewideservice,listenersconstantlyaskformorecoverageoftheirlocalcommunities- especiallyinareasfarremovedfromVermont’sfewpopulationcenters,suchasWindhamCounty.

HowcanVPRconnectmoredeeplywithaudiencesinWindhamCountyandfeel"morelocal",andwillthatincreaseengagementandrevenuefromthatarea?

PROBLEMSTATEMENT

#BizLabSummit

DiscoveryResearchResearchbeforeBizLab• 2018PublicServiceAssessment:

Surveyandfocusgroups• 2018TellMeMoreTour:

Eventsinall14VermontcountiesBizLabResearch• Regionalinterviewswithindividuals&businesses• GoogleAnalytics:VPR.organdsocialmediausagebySouthernVT• Feedbackduringexperiments:emails,surveys

#BizLabSummit

SolutionFacebook

Website

Newsletter

#BizLabSummit

Conclusionandmainfinding

Success!• “FeelingMoreLocal”works!• NeedtopublishANDpromotecontent• Practicescanbeeasilyreplicatedaroundthestate

Waitingtolearn• Doesincreasedengagementincreaserevenue?

UsersvisitingVPR’swebsite