From Start to Success - A Handbook for Digital Media Entrepreneurs

"Finding a viable business model that allows media outlets to produce impactful and independent stories is a constant and comprehensive process of strategy building and organizational development."
This practical guide is intended for digital media entrepreneurs from all parts of the world who are dedicated to independent journalism. Researched and written by startup founders themselves, the handbook is based on interviews with 21 media startups from 18 countries in Asia, Latin America, and the Middle East and North Africa (MENA) region, featuring startups such as the Philippines' Rappler, Egypt's Mada Masr, and Animal Politico in Mexico. The handbook takes the perspective of individual media organisations and deals with issues related to funding and revenue streams, membership and community building, staffing, internal organisation, digital innovation, collaboration, and building a trusted brand.
Published by Deutsche Welle (DW) Akademie, the handbook features tips and information the media startups that were interviewed wished they had when they first started out. In addition to offering practical insights, it is "an inspiring celebration of the grit and courage of journalists and their supporters, who will fight to overcome threats to their financial and physical security to bring truth, justice and, eventually, better lives for the people of their countries." It focuses in particular on digital media startups from the Global South whose journeys towards establishing a successful media company all differ according to their political, social, and economic environments. Compared to the Global North, they also have many more barriers and challenges to overcome in order to provide unbiased, quality journalistic content to their audiences, and to contribute to social change and democratisation in their countries and regions.
Based on the DW Akademie three-step approach to media viability, each chapter in the handbook explores one of the three steps: the start phase, the growth phase, and the media viability phase. It highlights an approach that focuses not only on revenue streams - an area that many startups put too much emphasis on - but also on aspects of the business such as human resources and audience engagement, which are crucial for achieving media viability. The chapters include:
- Getting Started: This chapter looks at the experiences of six startups in the MENA, a region characterised by economic and political instability. They share their experiences of turning an idea into a reality and share the knowledge they learned during the start phase, with a focus on revenue streams, audience engagement, collaboration, and donors' motives.
- Structure and Growth: In this chapter, seven startups from the Asia region explain how they dealt with organisational and financial growth, with a focus on diversifying revenue streams, staffing and internal organisation, identifying a core mission, and capitalising on strengths.
- Sustain your Success: This chapter features eight startups from Latin American countries that have succeeded in making their success long-term and who have found a viable business model for their media outlet.
Each chapter includes lessons learned and recommendations. In addition, the handbook concludes with a key list of lessons for digital media entrepreneurs, including: recognise what makes you unique and relevant to your audience; establish rules and procedures early; protect your staff (your team is your main asset); take advantage of opportunities presented by your audience; be transparent with your team and your community; learn from the storms; and follow your metrics and measure your impact.
The Annex provides a range of tools and resources, which include DW Akademie's Media Viability Indicators (MVIs) and Viability Assessment Map (VAM 360°), as well as a list of recommended readings for media entrepreneurs.
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DW Akademie website on November 3 2020. Image caption/credit: Workshop on investigative journalism in Bangkok, organised by Thai media outlet Prachatai. ©Prachatai
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