Crowdfunded journalism world-record holder De Correspondent shares tips for success

image

On the one-year anniversary of the launch of Dutch news startup De Correspondent, co-founder Ernst-Jan Pfauth shared some basic keys Tuesday to the success of the website that launched after the largest crowdfunding journalism campaign in history.

The site was built on a subscription base, starting with a May 2013 call for financial backing from the crowd on live TV. Near 19,000 people paid €60 for the one-year subscription, supplying the $1.3 million needed to launch.

One year later: more than 11,000 original subscribers have renewed their subscriptions and another 17,000 signed up over the course of the last year to bring total subscription base to 28,000 (others put the number as high as 37,000.)

Some of those tips:

  • We invited members to share articles.
    • You need a subscription to read the website but subscribers are free to share with their friends in social media.
  • We aim all our marketing efforts at ourlikers.
    • All marketing dollars spent went toward capturing reading who like De Correspondent on Facebook but have not yet become subscribers.
  • We showed members what happens with their membership fee.
  • A detailed analysis of spending was shared with readers.

See the article for a full list.

If you’re completely unfamiliar with De Correspondent check out this video (with English subtitles).

Over De Correspondent from De Correspondent on Vimeo.

Pfauth has published a series of stories via a Medium account since the site launched to share details about De Correspondent‘s growth.

Pfauth’s updates are a lesson too, said Steffen Konrath of Liquid News Room in response to a tweet by Through the Cracks:

Ken Doctor of Neiman Lab at Harvard University also wrote an article in June densely packed with information worth reading about the crowd funding journalism in Europe.

Related Posts

Tasty niblets of knowledge that makes journalism p... A Twitter banner draped over the New York Stock Exchange for Twitter's IPO in November 2013. Credit: Anthony Quintano. Earlier this week I took pa...
Two very different Kickstarter pitch videos, one v... Two podcasts took completely opposite approaches to their Kickstarter pitch videos and successfully raised approximately twice their fundraising g...
Which crowdfunding platform is best for your proje... Reynolds Journalism Institute's Futures Lab takes a look at the basics of Patreon, Kickstarter and Indiegogo in this video to compare and contrast cro...
Through the Cracks was part of a Global Investigat... Glad to see Global Investigative Journalism Network (GIJN) include Through the Cracks in a roundup of resources for crowdfunding journalism published ...

Comments

comments

Khari Johnson
Khari is founder and editor of Through the Cracks: Crowdfunding in Journalism. He also writes about bots and artificial intelligence for VentureBeat. He has built news startups in the U.S. and Europe for the last decade.

4 COMMENTS