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How to Start a Profitable Online MagazinePublishing content for profit on the Internet is one of the fastest-growing areas of online business. New online magazines are being launched every day, covering every subject imaginable. Why Is Online Magazine Publishing Booming? There are many reasons for the explosion in online publishing: - Cheap, easy-to-use online publishing tools that don't require any technical knowledge - The low cost of reaching a global audience, which means that niche subjects can now attract big enough audiences from around the world to become profitable businesses - Many new ways of generating money from content, including Google Adsense and affiliate marketing - A realization that anyone with specialized knowledge or expertise can make money online - Improvements in search technology, which has resulted in niche sites being indexed and given high page ranking - An inevitable and unstoppable migration of content onto the Internet - Content creators want to deal directly with their audiences, without having to go through third parties such as publishers, record companies and agents Running an online magazine is one of the simplest businesses available to entrepreneurs and small businesses. How Easy is it to Set Up an Online Magazine It is very easy to start publishing content on the Internet. There are just a few bits of functionality you need to be sure your website has to turn into a successful online magazine with the potential of making money from advertising, subscriptions or ecommerce. The most important are:
Solutions like SubHub (www.subhub.com) have all this functionality built in ready to go. Using their service doesn't require any technical knowledge or skills.
How Much Does It Cost? If you have a website built from scratch expect to pay upwards of $10,000/£7,000.
However there is a much cheaper option. If you use a managed service like SubHub SubHub (www.subhub.com) you will get a ready-to-go solution which costs from $97/£49.97 month for everything you need. Sites built on a platform are quick to launch and easy to upgrade. This is a great way to get started. Online Magazine Start-Up Checklist The Practical Stuff This checklist will take you through the top list of things you will have to do to set up an online magazine. Below the list is a bit more detail about each activity. Planning - Choose a subject - Research the competition - Decide on a business name - Buy a suitable domain name - Decide how your online magazine will make money - Write a business plan - Create a content plan - Write the background content pages - Create the first articles (or other content - video clips, podcasts, etc.) Design the Website - Sketch out the layout - Plan the navigation - Create a design Build the Website - Identify the platform you will use - Specify the website functionality - Add the design to the platform - Add the background content - Add the first articles - Implement payment processing - Integrate additional functionality Launch the Website - Test all the links - Test payment processing - Test subscription and renewal process - Go live! Details of the Different Activities Planning Choose a Subject Before considering setting up an online magazine, you must be very clear about what subject area you are going to cover. On the Internet, it is much better to be the best in a narrow niche area than to be a generalist on a broad subject. For example, it is better create an excellent site about fly-fishing in Scotland than to create a broader fishing site with only a few articles covering each area of fishing. Research the Competition Once you have an idea of your subject, check out who your competition will be. To do this, simply type the words that describe your subject area into Google search and see who appears at the top of the search results page. These are your competitors! Are you confident that you can create a better online magazine than the best websites that you have found? If the competition looks too tough, review the niche you are going to cover. Decide on a Business Name and Buy a Suitable Domain Name Once you have decided on the subject of your online magazine, it is time to choose a name. This will be largely determined by what domain name you can buy. If your website will target an international audience, you should try to get an international domain name, e.g., one that ends in ".com" or ".net." If your website will target only a national audience, you can use a national domain name, e.g., ".co.uk." If you are struggling to find a domain name, think about adding an ending to your subject, e.g., DollsHouseTimes.com, DollsHouseSpotlight.com, DollsHouseExpert.com, etc. Decide on How Your Online Magazine Will Make Money The best online magazines have multiple revenue streams. They usually provide some free content and show ads alongside the articles; they have product and book reviews with affiliate links; they sell stuff through an online shop, such as ebooks, reports, DVDs and branded merchandise; they sell subscriptions to premium, members-only parts of their site; and they promote off-line events such as workshops, seminars, conferences, etc. You may start with only one revenue stream, but plan on introducing more as your online magazine builds traffic. Write a Business Plan It is important to write a business plan. This will clarify your thinking, give you targets to aim for, and help you anticipate how much you need to spend to launch and, most important, when you will start making money. Create a Content Plan Once you launch your online magazine, you will find yourself very busy very quickly. Therefore it is worth creating a content plan for the first three months. This involves deciding what sort of content you want on your site, e.g., regular news, features, interviews, case studies, etc. Once you have made a list, decide how often you need to create each type of content. News items could be once a day, features once a week and interviews once a month. Next, list possible article headings against each content type for the first three months. Obviously headings will not be possible for such things as news, but make sure you allocate enough time for creating this content. The content plan should also specify who will create the content and where the information will come from. At the time of launch you will probably be the only content creator, but you should aim to get external contributors as soon as you can to relieve your workload. Write the Background Content Pages Every website has some background content pages. These include About Us, Contact Us, Privacy Policy, Home Page, Services Offered, etc. Make a list of all the pages you need and get them written. For ideas about what you need and how they should be written, take a look at some popular blogs and content websites. Create the First Articles (or other content - video clips, audio, podcasts) No site should launch without some high-quality articles or other content. The first visitors to your website are important for building momentum. If they visit and there is nothing to read, they will never come back. I would recommend writing at least 10 really good articles, preferably more. Design the Website Sketch Out the Layout There are layouts and designs that work, and there are those that don't. The best way to understand what works is to look at the best online magazines and newspapers on the Internet and copy their format. Take a look at The Telegraph (www.telegraph.co.uk), for example: The best format for an online magazine is masthead at the top and the menus down the left-hand column. Plan the Navigation The navigation helps users find their way around your website. Navigation should be obvious, intuitive and consistent. Poor navigation is one of the best ways to lose visitors and therefore lose money. The core navigation aid is the menus. These should appear in the same place on every page of the website. The best place is in the left column. If you have only a few topic headings it is possible to put them in a navigation bar across the top of the page, under the masthead. Other navigation aids include text links, lists of relevant articles at the end of each content page and images. Create a Design Once you have a layout, it's time to create your design. The design process is about choosing the colors, tone, personality, fonts and imagery that are most appropriate for your audience and subject. For example, if your website is about organic gardening, greens and browns are more appropriate than bright primary colors. Images are important, but make sure they complement and enhance the content. Don't waste space on pointless eye candy. Build the Website Identify the Platform You Will Use One of the most important decisions you will make will be which software or service you use to run your website. Having been in this industry for more than 10 years, I would recommend that you don't try to manage your website yourself. Managing servers, bandwidth, data logs, software upgrades, security and much more can waste a huge amount of time. For most people it is a chore and headache they can do without. Look at services such as SubHub (www.subhub.com), to understand what a managed publishing solution includes. Specify the Website Functionality An online magazine needs a few key bits of functionality. The most important application is the content management system, or CMS. This enables nontechnical people to add articles, images and other content to their websites without needing any HTML or development skills. A good CMS application is critical to your success. There is a lot of additional functionality you could need depending on what you want from your website: - If you want a newsletter, you will need an email newsletter application such as Constant Contact. - If you want to take payments for products, you will need payment processing such as PayPal. - If you want to show videos or play audio clips, you will need a media player. - If you want to create a community, you will need a discussion forum. If this all sounds too daunting, don't worry! Just make sure that you choose a publishing solution that is flexible enough to add this functionality at a later date should you need it. Add the Design to the Platform Once you have chosen the platform and functionality, it's time to build your website. Many platforms today allow you to overlay your design on your chosen layout using something called CSS (Cascading Style Sheets). The advantage of CSS is that you can easily take one design off and put another design on without having to completely rebuild your website. This is particularly useful for an online magazine that is likely to evolve over time. Add the Background Content Once the functionality and design are in place, it is time to add the navigation and background content. With a good CMS this should be a quick and rewarding job. You will start to see your online magazine come alive! Add the First Articles (or other content) With the background content in place, it is time to add the interesting stuff. Add the articles and any other content you have created. Check the grammar and spelling to ensure that you leave your audience with the best possible impression of your site. Implement Payment Processing If you are going to take payments (which I hope you are!) you will need to integrate payment processing. The easy route is to use a service like PayPal or Google Checkout. These all-in-one solutions are easy to set up and integrate. However, I recommend that you also try to get a merchant service account from your bank so you can take credit card payments directly. This is because PayPal has a very poor customer service record and there are lots of horror stories about them freezing people's accounts without any explanation. This can be a real problem if PayPal is your only means of taking payment.
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