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Ideas are the Only Currency in the New Economy

The Future of Magazines and Blogging- Micro-Magazines

May 6th, 2010 · No Comments · Ideas

This is another brilliant idea via Seth Godin, PDF Micro-Magazines.

Here is what Seth Godin wrote:

While there are still people hoping to make a living writing a blog (not as a tool for something else, but as an end into itself), that’s awfully difficult to do. Micro-magazines, on the other hand, feel very different to me. They have elements that make them very attractive to advertisers and readers.

I’ll define one as:

  • Being digital (probably a PDF), that’s free to ‘print’, fast to make and easy to share. (Newsweek spends seventeen million dollars a year on paper.)
  • Having subscribers, either by email or RSS
  • Focused on issues that appeal to some, but not all
  • Having a very specific audience (call it a tribe)
  • Enabling that tribe to connect by sharing the ideas in the magazine among them, as well as supporting it with a forum or blog
  • Containing ads that are relevant to that audience
  • Being longer than 140 characters or even a blog post, so significant ideas can be exposed in detail

Godin also has found a perfect example of one of these Micro-Magazines, Fear.less. The PDF magazine has a beautiful design and professional quality articles. Truly a fantastic business model for so many niches.

RSS feeds and blogs are a good fast way to get information but there is definitely a need for professional level content somewhere in the middle between magazines and blogs. This is a great opportunity for aspiring publisher/ entrepreneurs. This format is also likely to reach a much larger audience of readers who are not comfortable with social media yet. It is a familiar magazine format, except it is delivered digitally. Advertising definitely makes sense for targeted publications like this.

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