Revenue Growth in News Media
Reliable news reporting is one of the pillars of our civilization and yet news media is an industry constantly struggling to thrive in this digital age. Longbeard eagerly agreed to work with Crux, edited by John Allen Jr., as we are determined to see honest, independent, and courageous reporting thrive in the Church—well aware that this is largely dependent on one thing: revenue.
Building a grassroots monthly fundraising base large enough to sustain and eventually grow Crux’s operation.
Success! After an eight month experiment, we increased Crux’s monthly supporter base by 57% and increased one-time contributions by 41%. This clearly demonstrates the potential for a fully grassroots funded operation.
Reveal the revenue potential of grassroots fundraising for Crux.
- Status Quo. Crux’s user base had been accustomed to free content for many years. Would an ask for support result in a user revolt?
- Friction. We needed a way to present users with the opportunity to give without presenting significant friction, which would frustrate their reason for visiting the site.
- Security. Users must be confident that their support is as secure as it can be.
- Privacy. Users should be obliged to provide only the information necessary to complete the transaction, no more.
- Speed. The giving process must be fast and intuitive.
- Revenue Mix. One-time contributions amounted to 70% of the revenue mix. 30% was from monthly recurring revenue. All-in-all, users preferred one-off contributions to a monthly commitment.
- Gains. One-time contributions amounted to more revenue, but monthly contributions saw the largest gain. Long-term, monthly contributions are projected to overtake single contributions in revenue in approximately 1.5 years.
- Averages. The average monthly contribution was $5. The average single contribution was $25.
- Time. Contributions tended to spike just after standard pay periods.
- Vehicles. Pop-ups were by far the most effective means of garnering contributions, but all tested means were somewhat effective.
- Pitching. Data indicates the decision to give was less dependent on pitching and more on a user’s long-term determination of delivered value.
- Monthly Contributions. 57% jump in monthly contributions during the eight month experiment period.
- Single Contributions. 41% jump in single contributions during the eight month experiment period.
- Projection. Based on data captured to date, we project that Crux will be able to fully-fund typical operations from grassroots revenue alone in 1.5 years.