Ways to make money. | Pros | Cons |
Charge a paywall | Allows me to constantly make more money, and provides a new way to keep up with technology. This would also allow me to have more regular newspaper sales as I could offer a bundle with both the ability to view news digitally as well as on a newspaper. | People may not want to pay. This could cause people to try and find other ways to get past the paywall. This could also give my newspaper a negative reputation which could further reduce sales. |
Increase the price you have to pay to have your advertisement shown. I would also make them pay by the number of viewers and increase this as the amount continued to grow. | Would allow me to make a lot of money as I would constantly be making money rather than only making a small amount once, like if I had offered a one time fee. | Could be seen as too expensive, which would drive away sales. Could be used to |
Increase cost of paper | Would allow me to increase the profits I would make daily, this is guaranteed as long-time readers are not very likely to stop after a small increase. | The public would be hesitant and will not buy the paper, especially if they can get one at a cheaper price or free. |
Sack Journalists | This will mean a higher profit for the company and the money can be used to invest in other ways to share the news | Sacking journalists means that there will be fewer resources for the company to publish so that will mean less income |
Put more 'sponsored content' online in your paper |
Key Words:
Conglomerate - a number of different things, parts or items that are grouped together; collection. Large media companies are normally conglomerates.
Oligopoly - a state of limited competition, in which a market is shared by a small number of producers or sellers.
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