Sell the audience, not the story
Labs were lucky enough to be invited back to Power to the Pixel’s Pixel Lab held at Schwielowsee this week. The attendees – writers, filmmakers and producers among them – spent most of the week intensively workshopping their cross-media projects, punctuated by tutorials and talks from external experts.
Raising money in a still nascent format is always going to be challenging, so Pixel Lab participants were keen to know how brands and advertisers viewed transmedia storytelling as a platform and what approaches were likely to lead to successful fundraising.
Using the smart thinking from Metafilter forum user blue_beetle as the starting point I suggested that rather than try and sell a story to a brand, selling the audience might be a more productive approach. This is partly because it’s so noisy out there that a brand needs to work exceptionally hard to cut through with a story and also because increasingly brands see participation (through a variety of mechanics) as a good route to engaging an audience and building brand loyalty.
It wouldn’t be a Labs talk if we didn’t reference Kevin Kelly, and his ‘Six words for the modern internet‘ made for a useful primer on participation and behaviours. Taking each of the behaviours and looking at campaigns that had shone them through a branded lens I asked whether it was possible to extend the idea of audience as product and ask what they paid with for each form of participation.
With each of these costs of participating the audience clearly need to be rewarded and this reward will vary with the depth and type of participation. The reward might be a story or another form of transmedia experience but there are other rewards for participation and access and engagement might sometimes be reward enough.