sustainability & innovation in public...
TRANSCRIPT
#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
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
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Conclusionandmainfinding
Findings• FolksdocometoDo502events• Wecanconvertthemintomembers• SinceAprilwe’vegrowntheDo502membersby500%
Sinceendofproject• ContinuingtobuildtheDo502membershipprogram• Creating“lowlift”Do502eventsprogramfor2020
#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
Objective:CreateasocialmediaproducttopromoteDetroit’ssmallbusinessestoWDET’sloyalandengagedaudience.
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Conclusionandmainfinding
Whatwelearned:• ThenuancesofFacebookandhowtheirAIaffectsresults• Howtointeractwithournews/editorialteamto“sell”thisconceptinternally• Solutionstoeditorialobjectionsbeforelaunchingtests• Facebook’slookalikefilterwasthemosteffectiveaudienceforreachandcost
Recommendation:• Continuetodevelopsalescollateral,basicP&Lrevenueprojectionsandidentifybusinessleadliststosellthisserviceat$200to$300• Nextstepsincludeaneffective,scalablesemi-automatedprocesstosellandproduce
#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
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
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