PME Day 2: Keynote with Jim Louderback

Jim Louderback, formerly of ZDNet, recently joined Revision3 that is essentially TechTV version 3.0.

I had a drink with him last night and we discussed their recent $8 million in new funding and how they would be using it.

He talked about the new studio and the vision to be the Discovery/TLC of the Internet Generation.

It is clear that they are in the Digital Media business and not the podcasting business. That has been the theme this year and I can’t agree more.

He has a great quote “we are in the first inning of a very long game”. So true.

Jim is a very dynamic speaker and interviewee and a hell of a nice guy. I can’t wish him well enough and Kevin Rose was smart to hire him.

What is working for them is the in-show sponsorship pitch and discussing the experience with the brand. The ones that are more adventurous see more return from the brand awareness.

Great speech. Next up is Susan Bratton of Personal Life Media on Selling Advertising and Sponsorships for Audio and Video Content

The 7 Secrets of Media Monetization

Sitting in the PME afternoon sessions I had the opportunity to watch Paul Colligan of PodcastSecrets talk about the “7 Secrets of Monetization that Big Media Hopes You Don’t Figure Out”.

As a summary, here we go:

– You are the media
– Big Media is Big Business
– Always Improve/Never Invent
– It Changes when you stop thinking like a podcaster and start thinking like BIG MEDIA

The 7 Secrets

  1. Content Rental
  2. Content Sales
  3. Merchandising
  4. Product Placement
  5. The Paying Built-in Audience
  6. Ad Inserts
  7. Production Companies

Content Rental
Nutshell: Some people will buy what they can get for free

Content Sales
Nutshell: Some people will for premium content

Merchandising
Nutshell: Free content with profitable schwag

Product Placement
Nutshell: Someone will pay for access to your audience

The Paying Built-In Audience
Nutshell: Starting Over Is Silly, Use you existing audience

Ad Inserts
Nutshell: Boring, But Profitable – Use Podango and Gigavox

Production Companies
Nutshell: Other People’s Money isn’t yours

Awesome stuff…

Podcasting is really New Media

Michael Geoghegan started his presentation with “podcasting is dead”. He said that if you are doing this you really are in the digital media business if you are engaging and producing podcasts and new media.

Couldn’t agree with him more.

Now, off to find lunch and people to network with….