A news feed for a company website helps you bring in traffic, improve your search engine ranking and promote your business.
Of course if the news IS your business, it isn’t so simple to get the most out of it.
For years news outlets have been trying to find ways of making money online. By providing their content for free, they hoped to recoup the costs of lower paper sales with advertising revenue, yet this has failed to be a successful business model for most large papers.
Now Rupert Murdoch has been reported to be considering a deal with Bing, Microsoft’s search engine which would involve him removing his content from all other search engines, and making them exclusive to Bing.
Murdoch is the owner of News Corp, which in turn owns a number of newspapers in the UK, as well as the Sky and Fox television networks (both of which produce news that is available online).
There have long been rumblings that Murdoch objects to news being available for free on the internet. His previous idea for monetising News Corp’s sites was to erect a paywall, and requiring visitors to subscribe to his papers.
But the new plan, to shun Google and go to Bing (for a price, naturally) seems like a strategy concocted by someone with very little idea of how the net works.
If only News Corp outlets move to Bing, people will simply not find those sites. Bing has a 10% market share, compared to Google’s 65%. People use Google for a reason, they are unlikely to switch search engines just to get news from a particular source. If you were that desperate to read a story in The Sun, wouldn’t you just go straight to their site to begin with?
The only way that I can see Murdoch succeeding with this idea, is if he were to persuade other big news outlets to join him. If you could only find reputable well-read papers through Bing, people would be more likely to use it.
This would effectively create two tiers of news aggregators, the big names as provided by Bing with other search engines providing content from lesser-known sources.
It’s certainly a risk, for News Corp and for Bing. If they go ahead with the deal, both could easily lose money – Bing from the original deal, and News Corp from the decrease in visitors.
It just goes to prove that making money solely from content is very difficult, even the most established providers are struggling to find a way to make it profitable. This is because news outlets have nothing to provide their visitors with other than the content they are already getting for free.
News itself can’t generate money, unless you charge people for it. What it CAN do, is give you the opportunity to sell around it. You use a news feed to bring visitors to your site, to improve your search engine rankings, familiarise people with your company, and all those things should bring you an increase in sales.
Always remember, this is a long term strategy and not a quick fix. Even the most established news providers are struggling to turn news into a direct profit.
Luckily for you, you have something else to sell.