What is participatory publishing?
Well, we hope that the concept was explained to some extent above (and in the video). How this functions as a market behavior, now and in the very near future, is something we find most intriguing.
The ecosystem of online or digital publishing looks something like this, and has what I call a “double diamond” effect:
Basically, this construct puts users (people) in the middle of a wonderful web of service interrelationships. As market disciplines like advertising and publishing become more and more disintermediated by a host of utilities and exchanges (real-time curation, programmatic buying, mobile-enabled and geo-targeted content creation, etc.), creative, strategic and distribution services become more dependent on each other, and their networks, to provide value.
In that sense, the “diamond” is the nexus of providing behavior that allows the creator or storyteller to leverage the best of the ecosystem to serve their needs and that of the market itself. As this hybrid service becomes an actual product, the diamond doubles down on the direct and indirect relationships that the ecosystem provides. There’s a reciprocal and sustainable effect, if you will.
For example, imagine that you are a storyteller -- specifically, a journalist -- and you develop a piece on urban farming. You have a means to write the story, a way of editorializing it, even a way of turning it into a product of sorts. Why and how? The story has potential value in its uses across social or digital networks, as well as your value in the fact that you wrote it, you have experience in the field and you've provided unique insight. Inversely, the marketplace is empowered because that insight can be used to tell more stories like it, and place you in a position to make connections with more publishers who are looking to place or curate good stories. So, whether the story originates from you, a publisher or an agency is almost irrelevant... what matters is that present or realized value can be tracked and measured within the ecosystem.
It's interesting to note the effect on publishing itself; I have referred to 'publishers' here as anyone or anything that publishes content, online or off (newspapers, magazines, portals, etc.). Self-publishing has emerged as a means to democratize distribution, but I would assert that without network services, this is just another tool or channel to create more content without the right readership. Further, the bar on storytelling quality is challenged as more content is created and 'pimped out' across media channels. Therein lies the core logic behind Paperlet's business model.
Where platforms have historically acted as destinations (“Over here! Come check out our great content!”), the ubiquity of creation and distribution has enabled a shift in how platforms come to be. This essentially means that the macro services of purchasing, storytelling and utilities (applications) reconfigure themselves as people customize and partner with each other -- as they become participants in the development of new markets.
This is why companies like Amazon are so formidable, because they are figuring out that their real power lies in how quickly they adapt their service products to the needs of the marketplace, and that of course hinges on who is operating within it.
It’s a brave new world for storytellers and publishers alike… that is, if they can look at their networks and actually see the possibilities.