Step 1: Become Analyst, Step 2: Profit
Seth Godin points to a great idea in the form of The Winery Web Site Report:
Michael Duffy rates 2,767 winery web sites on effectiveness. He then sells a customized report to any winery that cares to pay for it.
This is the new sort of non-fiction publishing model that is going to demolish the old one (at least from an economic point of view). At $500 a copy, the report is almost certainly worth the money. And at $500 a copy, a customized overview is also quite profitable for the author. And finally, at $500, it’s an effective calling card that builds his business among a (very small but important to him) target market.
This idea can have some legs because common barriers to it have disappeared. Namely, online payment management and true print-on-demand.
Two questions immediately spring to mind:
- Who is Michael Duffy and how has he demonstrated his expertise? He’s got a near-empty FAQ and a weblog, but it’s not immediately apparent why I should trust his expertise. I’m not looking for a resume, just five bullet points saying “I’m x, y and z” to put my mind at ease (where x, y and z equal some compelling web marketing and, to a lesser extent, winery expertise).
- How did he do it? The number 2,767 suggests that it’s automated, and therefore of less value. I’d much prefer an analysis of the top 200, and be assured that a human spent time looking at each of them. A human may have looked at all 2,767. If that’s the case, they’re going to have to sell a lot of reports to break even.
Regardless, I think this is a great micro-business idea. Take some expertise, apply it an industry, generate a report and sell the report to the industry. There’s nothing new in that, I suppose, but I guess I don’t see it done by individuals like this very often.
