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January 24th, 2010 by Wadds

Can you make money from hyperlocal journalism?

Shields Bialasik has been critical of Adam Westbrook’s book Newsgathering for Hyperlocal Websites on his blog hyperlocal101. Bilasik says that Westbrook ignores the issue of how to generate an income from a hyperlocal blog. It would be a useful addition to future editions.

In its current guise hyperlocal journalism is either an experiment by the large regional publishers such as Trinity Mirror’s Your Place network in the North East, or is the pursuit of freelancers as part of a portfolio career.

Sources of funding are limited. Online readers almost certainly won’t pay for local news and Google’s adword network is not sufficiently granular to stretch to a post code area and is overly complex.

It’s why I think Addiply’s hyperlocal ad network is compelling. It makes advertising as simple as posting an ad in a newsagent. And that’s important for local businesses with limited technical expertise.

The Addiply team has a two-fold strategy: it is brokering deals with regional media groups and individuals that run hyperlocal blogs at the same time as pre-loading its ad network by pulling in national advertisers seeking to roll our regional campaigns.

At the point that Addiply reaches near nationwide coverage and is able to offer hyperlocal bloggers a startup package of guaranteed inventory to run on their sites from launch, it will have created a compelling business model for hyperlocal sites.

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January 6th, 2010 by Wadds

Hyperlocal meetup: Addiply provides income stream for hyperlocal media properties

Last night at the Duke of York off London’s Charlotte Street I got an interesting insight into the future of local media in the UK. Addiply’s Rick Waghorn invited me to a small meetup of regional media properties and contributors.

Rick and his business partner Matt Waring are the team behind the Addiply local ad network that is brokering deals with regional media groups such as Trinity Mirror in the North East for its Your place network and independent hyperlocal sites such as Josh Halliday’s Sunderland’s SR2 Blog and Philip John’s Litchfield blog.

Addiply’s contention is that existing ad platforms are too complex to setup for local advertisers and aren’t sufficiently granular to work on a hyperlocal basis.

Addiply makes advertising as simple as posting an ad in a newsagent. And that’s important for small businesses and site owners alike. Costs are intentionally low to buy an ad on a hyperlocal blog (typically £10 per week) with 90 per cent of the fees returned to the publisher.

Rick’s goal is to sign-up more hyperlocal publishers nationwide and then package deals for brands and the public sector that are seeking to reach regional markets on a local basis. He’s got several deals with regional publishers in the works so watch this space.