Online Communities - Academic Publishing Perspective

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Society for Scholarly Publishing 2014 Annual Meeting, Session 4C: Building Vertical Communities and Connecting with End Users. Publishers see the opportunity to engage more deeply with their audiences, develop new business models, and reduce marketing costs by building online communities of interest for their end users. This session will bring together a technology provider and professional and academic publishers to discuss individual community-building efforts alongside the findings of two recent surveys into the growth of online vertical communities in our industry. The surveys reveal which publishers are investing in online communities, how this has grown over recent years, what resources publishers are currently putting into this area and why publishers feel it is important to create a direct rapport with end users in this way. Panelists will talk about both the pitfalls and successes, and how direct engagement with readers is creating new business opportunities and changing their marketing and product launch practices. Moderator: Toby Plewak, Publishing Technology Speakers: Michael Cairns, Publishing Technology; Daniel Smith, Institution of Engineering and Technology; Paul Guinnessey, Physics Today

Transcript of Online Communities - Academic Publishing Perspective

Page 1: Online Communities - Academic Publishing Perspective

Online CommunitiesAcademic Publishing Perspective

Michael Cairns, CEO, Publishing Technology

@publishingtech

Page 2: Online Communities - Academic Publishing Perspective

Defining Online Communities

What is an online community?

“A publisher-owned website/platform that offers a

common interest around which the community is

themed, with interactive communication between the

organization and community members and between

the members themselves.”

@publishingtech

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Why investigate online communities?

PCG’s research builds from an earlier study conducted

with Bowker

Online survey of 15 questions primarily geared toward

academic publishers

Background and Methodology

@publishingtech

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What Does the Research Address?

Questions the research is looking to answer:

How many publishers currently have online communities?

Reasons for development of online communities?

Measurable benefits achieved from online communities

Opportunities for growth of online communities

@publishingtech

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Key Findings – Current Market

21%

10%

8%

15%

47%

1-2 communities

3-4 communities

5-6 communities

7 or more communities

None

@publishingtech

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Key Findings – The Motivation

Top 4 reasons to develop online communities:

40% Increasing direct relationships with end users

40% Increasing audience engagement (social networking)

35% Increasing content usage

35% Increasing knowledge and understanding of the reader

@publishingtech

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Top 3 reported benefits of online communities:

37% Generated increased knowledge and understanding

of the end user

37% Developed direct relationships with readers

32% Serves as a platform to increase content usage

Direct Feedback:

“Our online community capabilities are helping committees and special interest groups to collaborate.”

“Growth of audience engagement but not sales.”

Key Findings – The Benefits

@publishingtech

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Key Findings – Current Success & Future Opportunity

About 50% of publishers believe online communities have

been successful in achieving the company’s goals

Nearly 80% of all publishers view online communities as

an area of growth for their company and the publishing

sector as a whole

Early 2013 study showed that 84% of all publisher

respondents think their investment in online communities

will increase over the next two years

@publishingtech

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Summary

Online communities are on the up

Primarily focused on relationship building with end users

Many publishers are still experimenting with online

community strategies

@publishingtech

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Conclusions

Publishers see online communities as:

a way of getting closer to their readers

a way of becoming more customer focused

a way to gain understanding of what audiences want (access to metrics)

a way to make to their content go further

a way to support marketing efforts, not generating direct sales

@publishingtech

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