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> The rise of the paid newsletter and the prominence of the paywall leads me to be a little less cynical about the prospect of micropayments. I don't think of
by jacques_chester 4y ago
> The rise of the paid newsletter and the prominence of the paywall leads me to be a little less cynical about the prospect of micropayments.
I don't think of these as micropayments, whether the user-must-click-each-time or service-calculates-distribution types. These are bog standard subscriptions to a single publisher.
The idea of upselling to subscription is interesting, but a big part of how broad publications like a newspaper work is to bundle a number of things together that different audiences want into a single economic unit that can charged at a higher price. A user who can get only and exactly what they wanted at a lower price will do so.
What I believed when I started was that there was an in-between audience who weren't served - those who wouldn't subscribe but who would pay for individual consumption if it was frictionless. I did a lot of work on how that could be achieved across multiple websites without needing a central aggregator (even to the point of obtaining a patent on part of the technology). But so many efforts, like Flattr and many others, came and went that I've come to view the whole idea as a tarpit.
- phphphphp 4y agoI think there’s a tipping point when purchasing articles individually becomes less attractive than paying for a single subscription even if it’s possible to spend less overall. There’s interface friction associated with making a payment (clicking a button, entering card details / authorising with Apple Pay) but there’s also decision friction: do I want to spend $1 on this article? I think if someone is buying multiple individual articles per month from a publication, and thus trusts the publication is worth reading, then a subscription offers a compelling benefit — no more thinking, just reading! Subscriptions can also offer other benefits: as you say, bundling is a way to increase perceived value, but it can also increase real value, if the publication understands the needs of their readers and bundles valuable things. Access to content earlier is a very common pattern employed across media subscriptions nowadays!