For the last four years, The Wall Street
Journal has been building a paywall that adapts to reader behavior and
decides how many free (sample) articles they should get access to. This
adaptive paywall is designed to drive subscribers and communicate the value of
joining the Dow Jones family.
The Wall
Street Journal's paywall houses a machine-learning algorithm that measures
reader activity across 60 variables including visit frequency, recency, depth, favored
devices and preferred content types. This forms a propensity score, a unique
subscription probability, that then helps inform how many sample stories users
can access. In short, reader activity shapes how much Wall Street Journal
content they can sample.
Over the last few years, the WSJ has operated
a deliberately leaky paywall that has served as a sandbox of data collection
and subscription sale experiments. The principle is to "sample content to
people that we know need it". By doing so their likelihood of subscribing
will rise. On the flipside, by regularly offering free content to assumedly
affluent individuals who often visit the site, the value of the content falls.
While most
paywalls on the market offer a one-size-fits all approach (a hard paywall won't
budge, a metered effort will limit everyone to the same volume of articles), by
making a more complex system, the WSJ has learned just how long users have to
be engaged with the brand before they make a leap for the subscription. In short,
The Wall Street Journal carefully allows users to take a test drive of the site.
The issue
with the other models was that they assume that every buyer has the same
"tipping point", the same threshold. Users who delve beyond the
business content in the arts, culture or columns are generally more likely to
subscribe too. "Those showing the strongest intent to subscribe are those
that actually understand the fullness of our product." By using these
techniques to create dialogue with readers, WSJ claims to have attracted some
350,000 student sign-ups, largely with greatly reduced flash sales.
Original article published by The Drum
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