« What Makes Up Your Credit Score | Home | Zillow Announces $30M in Series C Funding »

Making Information Free

By: Vanessa Fox, Product Team Lead | September 19, 2007 |

The New York Times has announced that it is opening up the content that previously required paid subscription to view and making it available for free. Why is the Times making this move? Because while they were making $10 million a year from paid subscriptions, Vivian L. Schiller, senior vice president and general manager of NYTimes.com noted that:

“Our projections for growth on that paid subscriber base were low, compared to the growth of online advertising.”

If the content is free and open, it will attract more visitors, particularly those coming from search engines, and the Times is betting they make more money through online advertising.

Here at Zillow, we’ve always taken the approach of offering our content and services for free. Whether you’re looking for a home, selling yours, or are an agent providing real estate services, all the tools and information available on Zillow are free for you to use. Online advertising, particularly when contextually targeted and relevant as it is on Zillow.com, continues to grow and be not only a good monetization strategy, but a useful service for visitors. We’re excited to watch the Times grow into this model as we continue to fine-tune our own advertising offerings.

If you’re looking to find home-related information on Zillow, rest assured that we’ll continue to provide that information free of charge and are always working to make the advertising we display more useful to you. If you’re an online advertiser and you haven’t taken a look at the options available at Zillow for local, targeted campaigns, we’d love to start a partnership with you.

Stumble it!

Topics: Advertising, Zillow |

Enjoy this post? Subscribe to the Zillow Blog feed or get updates via e-mail

Enter your email address:

Delivered by FeedBurner


Comments

11 Comments so far

  1. cindy@staged4more on September 19, 2007 8:17 pm

    i think it makes perfect sense to do it for ny times. they also are opening themselves up to potential readers who otherwise would’ve not read ny times because they had to pay for the archives.

    it’s a strong business decision in my opinion.

    cheers,
    cindy

  2. Bill Kelm - Brokerblogger on September 20, 2007 6:54 am

    Hi Vanessa,

    Is “Content King”, or is it the “Monetization of Content” that is “King”? In either case, it starts with quality, accurate (data integrity), detailed content that is clear, conspicuous, comprehensive, and comprehendable (just like all advertising needs to be).

    I think one, small contributing factor to the N.Y. Times going “open source” vs. “paid subscription may have been http://www.bugmenot.com/. But, in any case, as more and more “Baby Boomers” increase their participation usage of the Internet, the priciples of the Cluetrain Manifesto will prove dominant. By that I mean that quality “User Generated Content” will be preferable to “Corporate Speak”, which is fairly easy to detect.

    That said, here is my “hidden agenda” suggestion to help you, Zillow.com, as part of my comment (big smiley face!). I recently sent to CNNMOney.com to forward to Les Christie who wrote “”Old realtors vs. young Web threat” my idea that Zillow could use to increase seller/buyer participation through quality “User Generated Content”, and therefore increase advertising revenue:

    “The Internet is a tool that can help both Realtor and buyer/seller. I am now trying to sell my house (See my 60 + photo “House Blog” = http://www.greenmagination.com ). I’m asking if CNN Money could forward the “story line” information below to Les Christie (if you think it “news worthy”), which would give my home’s detailed custom features/benefits information to many potential buyers all over the U.S. if the story were to be published by CNN Money. It is also a very timely piece with all the talk about the tough Real Estate market. My idea for “tough sellers” is to be more proactive vs. just relying on Realtors to sell their homes. It also helps buyers preview more “warm” details and photos with informational copy about a listed home vs. the “cold” MLS data ( http://tinyurl.com/2gkw35 ). This way the buyer’s agent, the buyer, and the home seller may save some time if the home’s colors, etc. are not to the buyer’s liking. After all, “Time is Money”!

    I just got my RE/MAX agent (with my help in calling his webmaster ;-) ) to put a hyperlink near the bottom of my RE/MAX listing page’s “Property Description” = http://tinyurl.com/yodxtb . This will now be spread to most of RE/MAX’s online “Distribution Partners” like Google Housing and Yahoo Real Estate. When my tracking software picks up the length of the “views”, what town/state they came from, what search words they used to find my “house blog”, what website referred them, and all the exact “outbound links” that they clicked on like my Architectural Plan , I will be gathering some great marketing information, while reaching nationwide buyers.

    My suggested “story line” is this: “When the Going Gets Tough for Home Sellers, Some Tough Sellers Get Going with a Quality “House Blog”. With this concept, everybody wins (the listing/buyer’s agent, the buyer, and the seller). If the idea catches on and works well like it already has for me (on a limited scale), it may even help the current “housing market depression”! The challenge has been for me to convince my North Texas MLS service (NTREIS) to put a link to my “house blog” on my MLS listing. It appears that even though they link out to sometimes misleading mapping information that is covered by their overall disclaimer “Information herein deemed reliable but not guaranteed”, they now have a firm rule of not linking out to anything else :-\ . Maybe a national story on this very subject would have some influence on the decision makers of all MLS’s? That way, the R.E. Agents could preview the quality “house blogs” first, and get better and more information to compare with the buyer’s requirements before driving their buyers around town to see the homes in person.”

    Maybe you, Vanessa, can convince Zillow.com to have a linked section for seller’s to place a link to their quality (a quick review before posting by Zillow.com may be appropriate) “House Blog” which would add to the quality content of Zillow.com, and therefore increase usership and advertising revenue.

    You were recently quoted in Seattle24X7 as saying: “What would be really nice is to say to agents, “You’re going to use Zillow to market a house. Let us put together individualized reports that you could send out to your clients that say ‘Here’s the activity on your house. Here’s the number of times your ad was shown. Here’s how many people posted a question about your house.’” Really giving useful tools to agents, and becoming a very valuable resource.” So why not give sellers/buyers a “very valuable resource” by providing links to quality “house blogs”?

    Just so you know a little about me, here is my seomoz.org member profile:
    http://www.seomoz.org/users/view/14052

    Thanks, and all the best at Zillow.com

  3. David Gibbons on September 21, 2007 8:33 am

    Bill -

    House blogs are definitely taking off and yes, sellers are becoming increasingly involved in the marketing of their homes. It sounds like you’re doing an awesome job of marketing your property.

    If you haven’t already, please post your home for sale on Zillow. When you do you can link to your house blog. For sale postings on Zillow are rich and interactive, just like your blog is; buyers can use Home Q&A to ask you questions and owners can contribute “what they love about the home” and photo’s - adding some of the “warm” details you mention.

  4. James Boyer on September 21, 2007 11:51 am

    Hey Zillow people. Since your blog is just a wordpress blog, have you thought about installing the Wordpress do follow pluggin?

    http://kimmo.suominen.com/sw/dofollow/

    It is easy, fair, and likely will further prompt those in the know to read and comment on your blogs.

  5. » Searchification. Because Microsoft Can Make Up Search Words Too. | Vanessa Fox. Nude. on September 27, 2007 9:01 am

    [...] last week and will be posting the next in the series shortly. I’ve also talked about the NY Times opening up and how I’m speaking at the SMX Local and Mobile conference next [...]

  6. Available Today: Zillow Home Direct Ads - Zillow Blog - Real Estate News and Analysis on October 30, 2007 6:40 am

    [...] of you probably know, Zillow makes money via advertising– we provide interesting content, and sell advertising around it. Since it’s not a new [...]

  7. AzGun on November 11, 2007 10:20 am

    Good and really useful post for all readers and specially for me, thanks!
    ;)

  8. IT NEWS on November 16, 2007 1:25 am

    You are spot on with your analysis. Pay content can only work if you have exclusive information…something that a mainstream news agency rarely has, and even then, only for a few moments before it is spread all throughout the ether of the net.

    I’d wager that most of the $10M in revenue the times *did* see was from those wealthy enough that the subscription price was approaching 0% of their income, making it effectively “free”.

  9. James on December 4, 2007 8:43 am

    it’s a strong business decision in my opinion.
    http://www.moneymakerhot.com/Webmasters/Get_FREE_TRAFFIC_to_your_blog.html

  10. Sue on April 12, 2008 6:56 pm

    In retrospect…very interesting blog.

  11. kathy on June 19, 2008 6:23 pm

    clothing and a variety of things for everyone , you can even open your own website for free.

Name (required)

Email (required)

Website

Speak your mind