Normally, I’d just add this link to Delicious, but the data is worth highlighting. KPMG has found that 81% of UK “would go elsewhere for content if a previously free site we use frequently began charging”. Only 19% would be willing to pay in the UK, while globally (the same research looked at consumer behaviour in a range of countries) 43% of consumers are willing to pay for digital content.
However, there are possibilities for publishers to pay for content that “almost three quarters of UK consumers are willing to receive online ads in exchange lower content costs”. They are also more willing to have data collected if it would result in lower content costs. “48 percent of UK consumers would be willing to accept profile tracking, up from 35 percent in the 2008 survey.” Publishers and marketers need to take care though as 90% of consumers also expressed concern about their privacy and security online. That is high, although a slight reduction in the figures from 18 months ago.
A key finding from the report shows how consumers would like to balance privacy and targeted advertising. Tudor Aw, Head of Technology, KPMG Europe LLP, said:
(UK consumers) do see the value in allowing service providers to have access to the information necessary for more tailored services, but they are only prepared to do this if the risks are controlled and, crucially, if there is some value in it for them.
The research is well worth a look, especially for those whose revenue strategies are tied to advertising, but also for any business looking to deliver better targeted services to their customers through better use of data.