Depending upon their goals in the long run, even 24$/per year or 2.33$/month subscriptions could be feasible for maintenance costs -- then adding additional optional tiers for those who wish to contribute more. The market for these English translated novels is still relatively small. It would not be smart to charge a large fee for premiums as of yet.
Ad impressions still average $1/1000, therefore there is still a large difference.
it so fascinating to read all these ideas,discussion and debates that i even forget to read latest novel chap..i like all these ideas and hope all can be implemented(i dont know anything pls dont cry at me) cuz i also have 2 3 novels i want to fully support as they are not popular in this site.hope u guys debate more cuz i want read these rather then some novels haha...
PrehistoricDevil actually this thread is unnecessary because QI have plans. In the end they are just wasting their time on debating this subscription thing
Jlix19 who knows maybe they will consider it ...
Maybe they are undecided between paywall and freemium? I don't think it has been set in stone about what QI will do.
QI will have 2 choices in the near future since ad-revenue isn't enough:
1) Paywall (in China, it's $0.02 per chapter so it might be $0.04 here)
2) Freemium service where everyone can read for free and charge extra monthly for those who want a premium experience. About 5-10% of the users will subscribe.
Qidian can choose to experiment with Qidian International since QI will always be tiny compare to Qidian.
QI doesn't have to follow Qidian's paywall model. It can choose freemium service instead....which is very popular in the West (Hulu, Spotify, Pandora Radio, Wattpad, Crunchyroll, Dramafever, Viki, New York Times, Washington Post all offer free services and charge a monthly subscription for those who want Premium service.)
Look at the New York Times digital ad revenue and digital-only subscriptions:
NY Times website is a freemium service since users can read news article for free. Pay monthly to read more news article and ad-free experience.
DIGITAL AD REVENUE: $49 million for the quarter x 4 quarters a year = $196 million a year
DIGITAL-ONLY SUBSCRIPTIONS: $86 million for the quarter x 4 quarters a year = $344 million a year
Obviously, Qidian International won't have anywhere near the New York Times total users. Even 2% of NY Times digital would mean $4 million a year in ad-revenue and $6.9 million in digital subscription revenue.
https://www.nytimes.com/2017/11/01/business/media/new-york-times-earnings.html
The company said on Wednesday that digital advertising revenue in the quarter rose 11 percent, to $49 million. The company also added 105,000 net digital-only subscriptions for its news product, helping to push digital subscription revenue to $86 million, a 46 percent increase compared with the same period a year ago. Over all, the company said, total revenue increased 6 percent in the quarter, to $386 million.
Including subscriptions for its crossword and cooking products, The Times now has nearly 2.5 million digital-only subscriptions.
Reference: TOS:4 (Payment) https://m.webnovel.com/help/terms_of_service
They have plans alright.
Cridole that's a standard ToS for most sites just to cover their arse's even if they weren't soing to sale stuff ( but they will at some point) I even have it on my company site and we don't sell online apart from the odd thing on eBay , it's like in the UK , you have to have full disclaimers on company emails and it's a whole lot of bs but you have to do it by law
Pizz Mhm, I get it. But still... the wording is more suggestive than other sites declaring "rights to charge fees" as opposed to "may charge".
Hmm... well, I may be wrong, since they have declared their intentions:
https://acts.webnovel.com/2017/59195029/index.html
well we've always known they will change for something, but at this point is can be anything, like epub's vip , stones etc etc etc, as I said I think you reading to match into it but I understand where your coming from
Crunchyroll: $83.4 million subscription revenue
Crunchyroll ad-revenue (let's assume 50% of subscription revenue): $41.7 million a year
= $125.1 million a year in revenue
Qidian International 5% of Crunchyroll = $6.255 million a year
Qidian International 7.5% of Crunchyroll = $9.38 million a year
Qidian International 10% of Crunchyroll = $12.5 million a year
Rome wasn't built in a day...so it will take time for QI to grow in popularity, attract more users, gain more monthly paid subscribers. Even 10% of Crunchyroll size 3-4 years from now would generate $12.5 million a year in revenue.
Rooster Teeth niche video streaming: 250,000 paying subscribers
https://digiday.com/media/how-crunchyroll-is-helping-build-a-bundle-for-niche-streaming-channels/
Crunchyroll’s video business includes more than a million subscribers paying at least $6.95 per month to access a large library of anime titles as well as merchandise, events and more. The channel also has an ad-supported, free tier, which it has used as a marketing vehicle to get those interested in anime to eventually pay for access to more content and perks.
It’s a model implemented by other niche streaming channels reaching passionate fan bases. For instance, Rooster Teeth, the Austin, Texas-based digital studio owned by Fullscreen, in which Otter Media owns a majority stake, has built a membership program that has roughly 250,000 subscribers paying at least $4.99 per month, according to a source. Rooster Teeth also uses its site and YouTube as ad-supported free tiers.
It looks like niche streaming service Rooster Teeth also use the freemium model and now have 250,000 paying subscribers who pay at least $4.99 a month.
Rooster Teeth is on par with QI in term of Android app downloads.
Installs
100,000 - 500,000
----------------even if QI is only 1/3 the size of Rooster Teeth's 250,000 paying subscribers, that is still a lot of paying subscribers.
Enlightened_Being so true
I really just want to get rid of the ads on mobile. Let me pay the premium for that.
ssound5rs
1ST: I don't disagree, your posted numbers, but you seem to have a huge problem,
that you still don't seem to get, each time you post a "number" every one of those sites has been around for a good few years before they started charging ( so between - 2-5yr and 10yr in wattpad's case ),
somewhere even pirate site's for they did deal's with companies, others have huge extra benefits like video's / audiobooks and other deals, so they had a userbase before they decided to try sub's and to be honestly this is still trying to get a userbase and will be for a good few months yet
your missing all of that out all of that as you seem to try and push the idea's of subs for a site, to be honest still needs a lot of work done, have huge problems with QUILTY OF RELEASE'S plus the amount of books still , it has artwork that belongs to other works ( please check NU forums for the huge post about that) this whole push is feeling more and more that you, in fact, work for QI , as I have said before I don't have aproblem 1. with the ad-wall but good it needs better add'd as i got a load that would are totally useless to me i think i get 1/10 a good i'd, in fact, click on and at a later dated some type of ad free vip etc
2nd: the Google numbers you keep bring up is just a rank and I bet if you could see the real number it would be low100k-150k and I don't mean that in a bad way but I'd say that more likely due to the time the apps been back in to the store and yes it will go up I'm not saying it will not in anyway
3rd: the biggest problem is that at the second the userbase some are still not happy with the way QI push it'sself in to the market, once again I hearsay yes they should get paid but there is still a lot of hate towards some of their actions, due to whatever bad advice they got the 1st time around and that still needs a bit of time togo and also once again as I've said, "QI/Webnovels" aren't known at all in the west, no matter if they've just had an ipo in china etc and that will still take time, the more this is pushed the more it will put people off,
i say that as I run my own public limited company and i have to deal with stuff like this for other comapnys i look after
