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Products, Venues, Conversations and Swag All Have Room for Innovation

A 6th grade teacher here in northern Virginia made positive headlines last week for teaching virtually from a treehouse. Nellie Williams said “a lot of math was involved” to remodel the space this summer with her husband, but she enjoys the serenity and uniqueness of the unconventional classroom—and how it connects with students.“They are really excited to have a teacher that is teaching from a treehouse,” she said.

That got me thinking again about innovation. A 2020 survey from Marketing General found that “a culture of innovation is the critical driver” for creating member/subscriber value. ”Try something new or you’ll plateau and decline,” one respondent said. Those who have seen member/subscriber gains “are significantly more likely to have a process in place for innovation and new ideas.”

Innovation is hard. It involves taking chances, which during a pandemic is not easy. I’m not sure what the publisher equivalent of a treehouse is; maybe it could lead to new ideas about where speakers present from. Here are a few more ideas I’ve come across.

Virtual shuttle ride. When the Institute of Food Technologists transitioned its Annual Meeting and Food Expo to SHIFT20 Virtual Event and Expo, organizers didn’t want to lose all of the networking opportunities that participants had become used to, reports Associations Now. Since shuttle rides often lead to spontaneous conversations and connections (I’ve actually had a dew of those myself on the way to hotels or an evening reception), IFT hosted a 15-minute virtual shuttle ride before every evening event. Each night, two IFT members moderated a live shuttle-bus-themed discussion with a guest to chat about the ideas emerging at SHIFT20.

Trivia nights. Atlas Obscura invites members to a Trivia Night or as they call it, Convocation of the Atlas Obscura Guild of Trivial Knowledge and Fascinating Ephemera. “During this trivia experience, you can team up with other subscribing members of Atlas Obscura’s membership community by either setting up a team with them independently OR by being grouped with other players on the day of the experience. It’s a terrific chance to engage with other members of the Atlas Obscura community!”

Custom product development. “All it took was a blanket to point Futurism in a new direction,” writes Digiday’s Max Willens, who moderated Friday’s BIMS 2020 Q&A with National Journal’s Kevin Turpin. “Last year, the science-focused publisher produced the Gravity Blanket, a weighted blanket designed to help with insomnia, anxiety and other conditions, including attention deficit hyperactivity disorder. After selling 65,000 of them (with some help from a feature on Good Morning America), the publisher created Futurism Products, an eight-person team to develop more products.” That led to Crypto Candle, which reveals a coin when it melts that can be redeemed for bitcoin.

Personalized guides and messages. Your writers are becoming more familiar to your audience day-by-remote-day. To do what Cameo does with celebrities and charge for those writers wishing happy birthday is a bit much. But the idea of making those connections has merit. At Schibsted, a large media site in Norway and Sweden, new subscribers can choose one of their favorite editors or journalists as a guide through the onboarding period. These personalized onboarding emails have a higher unique opening rate: 63% versus 38% for the standard onboarding process. The retention rate after the first renewal is also five percentage points higher.

Swag boxes. This trend will probably get even more popular in early 2021. In late June, the American Society for Clinical Laboratory Science and the Association of Genetic Technologists sent swag boxes to attendees—JAM Packs—that included a kazoo. Guess what the concerts were called? The Daily Kazoom. Bustle Digital Group sent out yoga mats for its virtual yoga retreat, complimentary for the first 150 attendees to RSVP. BIO Digital (Biotechnology Innovation Organization) took place in June with more than 7,000 participants from 64 countries. To foster community, they changed the meeting’s tagline from “Beyond” to “Nothing Stops Innovation.” Then, in advance of the conference, BIO mailed all speakers a custom mug with the new tagline. “It was an added expense, but worth it because it gave speakers brand recognition onscreen that reflected togetherness,” said Erin Lee, VP of marketing operations and customer experience. You’d think sponsorship could also be possible for that.

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SIIA Settles Legal Dispute With Former Employee Marchesano

FOR IMMEDIATE RELEASE
SIIA Contact:  
Chris Mohr, 202-215-5987 

Washington, D.C. (September 20, 2020) – The Software and Information Industry Association (SIIA), the leading trade association representing the information and digital content industry, announced today they have settled their legal dispute against former employee Michael Marchesano. The case is currently pending in U.S. District Court in the District of Columbia.

“Combined with our recent announcement of a settlement with Outsell, this agreement now brings this case to a close,” said SIIA President Jeff Joseph. “We are happy we were able to construct an equitable agreement that protects our business concerns while continuing our mandate to be responsible stewards of our members’ financial investment in our organization. We now look forward to returning our full focus toward building a new organization designed to meet the needs of the 21st Century specialized publishing, content, media, and information industries.”

“My client is pleased to have been able to resolve this misunderstanding amicably,” said Nikia Gray, Partner at Quarles & Brady and counsel for Mr. Marchesano. “Mr. Marchesano looks forward to moving on from this matter and onto new opportunities.”

About SIIA:
SIIA is an umbrella association that represents constituencies from technology, data and media companies. Through in-person and online business development opportunities, peer networking, corporate education, intellectual property protection and government relations, SIIA provides a network of resources for its 800+ member companies that drive innovation and growth. For more information, visit siia.net.

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BIMS 2020 Produced Revenue Strategies, Event Advice, Marketing Tips and… Wines

In the events Power Panel at BIMS 2020, Orson Francescone, head of FT Live, spoke about how their events work to bring in new subscribers. “We had 160,000 ‘digital delegates’ [this year – attendees to their events], so suddenly those numbers are kind of blowing our model out of the water, in the sense that we are bringing in a huge funnel of new subscribers. That’s a very attractive proposition to someone who owns an integrated media platform like us.”

Francescone was just one of so many impressive and influential speakers at BIMS 2020. We’ll continue to offer coverage from those three days, though it will still be very worthwhile for you to purchase access when it shortly becomes available. In the meantime, here are seven content highlights, and some wine recommendations from our sommelier for your evenings.

1. Be intentional about feedback. “We are annually seeking how to hone those products” that our clients are using most, said Kevin Turpin, president of National Journal, in Friday’s keynote. “We are intentional about starting different feedback loops on what we’re doing, how do we change it and how do we hone existing products to make sure our renewal rates stay strong. And then creating products off existing products that can be upsells.”

2. Keep the bump. There has been massive consumption of B2B content in the last few months,” said David Fortino, SVP audience and product for NetLine. “The question is, ‘How do we keep that bump?’ You need to have content that resonates with your audience, of course.” But he went further, asking, ‘How can your content become a tool for you where you’re making it helpful to someone making a decision.’ You want it to solve a need.”

3. Amplify the benefits. Jim Sinkinson of FiredUp! Marketing echoed Fortino’s comments. “How do customers use your products to get results?” he asked. He wants you to focus on benefits. “Our customers buy benefits not features. A benefit is the promise to transform someone’s life for the better.” Think about what makes a difference in people’s lives.

4. Earn trust. “What will keep them and what else might they want [after a couple years of subscribing]?” data journalist and founder of The PlugSherrell Dorsey asked in her Thursday keynote. “People have to feel like they trust you. For us it wasn’t just about being loud. There are lots of larger publishers. For us it was about doing something deeper—taking our time to be intentional about the type of stories we need to be doing… and having a level of expertise that we can bring to the conversation.”

5. Be intentional about connections. “Where we’re shifting our thinking a bit is that content is still usually important and getting the best speakers is great, but… making sure that people really connect in this virtual environment is really critical,” said Chris Keating of Winsight on the events Power Panel. “Sitting home alone staring at the computer screen is not a very immersive experience. So for us putting together peer group meetings so you can spend time connecting with [colleagues], putting together meetings with exhibitors and attendees, not in a selling situation but in a sharing knowledge situation. That’s always been there, but for us that becomes more important. Just having speakers, virtual booths, hoping they’ll connect. I don’t think that is going to help anyone out.”

6. Build relationships now. “Building relationships with new prospects means that when we are able to do this in person, a hybrid format will bring those people into the fold as well,” said Dorian Sullivan, VP, audience development, National Association of Broadcasters. “We want to have a year-round relationship.” Added Merek Bigelow, executive editor, Loss Prevention Magazine: “You assume that same content will resonate. It really won’t. You have to look for ways to create that interactive conversation.”

7. Experiment. “If you think how early we are in the medium, the signs are very encouraging about [the virtual events] coming out of this,” said Microsoft’s Bob Bejan. But this is definitely a practice-makes-perfect affair. Asked about Microsoft’s partnership with CES on their upcoming huge show, Bejan said, “Everything we’re doing in CES is the sum total of every mistake we’ve made the last eight months.”

And finally… wine. Here are wine recommendations from our Wednesday Connections and Cocktails, courtesy of our professional sommelier Lydia Richards of Vino Concierge:

Banshee Sauvignon Blanc – California

Acrobat wine – Oregon

RdV Winery – Virginia

Aslina wine company – South Africa

Merry Edwards – California

Brazilian sparkling wines

Laura Hartwig wines – Chile

Kali Hart chardonnay – California

Talbot Vineyards – Carmel by the Sea, California.

Quinta Nova wines – Portugal

Graham’s Vintage Port

Taylor Fladgate Vintage Port

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SIIA Statement on Appointment of Shira Perlmutter to be Register of Copyrights

FOR IMMEDIATE RELEASE
SIIA Contact:  
Chris Mohr, 202-215-5987 

Washington, D.C. (September 22, 2020) – SIIA, the principal trade association for the software, information and digital content industries, welcomes the appointment of Shira Perlmutter to be the Register of Copyrights.

SIIA Vice President for Intellectual Property and General Counsel, Chris Mohr, issued the following statement:

“We are very pleased that Shira Perlmutter has been appointed to be the next Register of Copyrights.”

“Ms. Perlmutter is eminently qualified for this role after highly successful stints in academia, the private sector, and government. We offer Register Perlmutter our sincere congratulations, and look forward to working with her as she leads this critical office to meet today’s challenges.”

About SIIA:
SIIA is an umbrella association that represents constituencies from technology, data and media companies. Through in-person and online business development opportunities, peer networking, corporate education, intellectual property protection and government relations, SIIA provides a network of resources for its 800+ member companies that drive innovation and growth. For more information, visit siia.net.

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Education Partnership a Model Public-Private Partnership to Promote U.S. Leadership in Emerging Technologies and Expand Opportunity

FOR IMMEDIATE RELEASE
SIIA Contact:  Suzy Wagner, 202.789.4450 

WASHINGTON, D.C. (October 7, 2020) – SIIA, the principal association for the software, information, and digital content industries, commented that the Administration’s Quantum.gov initiative and today’s release of the Quantum Frontier report are very positive steps.  

SIIA President and CEO, Jeff Joseph, issued the following statement:

“Today’s announcement that OSTP and the National Science Foundation (NSF) have brought together members of the National Q-12 Education Partnership to “chart a path forward for expanding QIS education opportunities in K-12 classrooms” is also very important.  SIIA strongly believes that the government and the private sector can work productively together as this Partnership demonstrates to enhance American leadership in emerging technologies, as well as create opportunities for U.S. students.”

About SIIA:
SIIA is the only professional organization connecting more than 700 financial information, education technology, specialized content and publishing, and health technology companies. Our diverse members manage the global financial markets, develop software that solves today’s challenges through technology, provide critical information that helps inform global businesses large and small, and innovate for better health care and personal wellness outcomes. For more information, visit siia.net.