January 24th, 2011
Five Laws of the (Media) Startup
Since we’ve been talking about the future of journalism, and by extension media, here in Portland, I thought I’d put together a short list of tips that should guide any actual projects that get off the drawing board stage. I’m going to express them as intractable laws, with corollaries, just because it’s more fun that way.
1. Need a CMS? You need WordPress
1b. Drupal or WordPress Mu (multi-user) will also do the job.
1c. The cheapest program you know how to use is the one you should use.
This goes for everything — audio, video, etc. Spend an hour or two figuring out what you know how to do best. Write it all down, then work on creative combinations of your skills to make something interesting. This is not a shopping list, it’s a DIY list. What you can get done with spare time over a weekend is more likely to be sustainable.
2. Need a programming language? You need PHP
2b. The programming language you know best is the one you should use.
2c. Who do you know who can program? Use the language they know best.
2d. Whoever mentioned the word “scalability” needs to leave the room. Right now.
It’s almost impossible not to think about your impending success, but you need to fight these urges. They create “must haves” and “wouldn’t it be cool ifs”, that can derail your project. You have nothing right now, and you need to get that first user, the first 10, before you can take over the world. Assume that
3. Don’t have a plan, have a goal
3b. Have plan? Throw it out
3d. Re-express your goal so that your website analytics package can measure it
3c. Whoever suggested writing a business plan needs to leave the room. Right now.
Business plans are a useful exercise for learning about a market and getting random thoughts on paper. Once written, no one reads them, and they are outdated within weeks, if not days. Ditto for financial models. When you have money coming in, you can distribute some of it. Until then, focus on discovering how viable your goal actually is.
4. Pick a single revenue stream
4b. Advertising & subscriptions counts as two streams
4c. Whoever suggests using Google Adsense needs to leave the room. Right now.
Picking one revenue stream allows you to focus on creating value and doing your best work. Traditional media have evolved a duplicitous two-headed model that tries to take money from subscribers while simultaneously selling them out to advertisers. The conundrum created leaves you doing a half-assed job serving both. It’s no wonder readers are flocking to free and advertisers have focused on demand-driven ad models.
5.
