Product name: Medium
URL: https://medium.com/
About the company:
Monthly | Annual | Key benefits |
Member, Rs. 389/m | Member, Rs. 3799/y | - Access member -only stories - Read offline - Listen to audio narration - Support favourite writers - Monetise your writing |
Friend, Rs. 1499/m | Friend, Rs. 14900/y | - all Member benefits - writers own 4x more when you read them - share free access to member -only stories to friends |
Stage of the company:
Conclusion: Considering Medium’s current user base in India and its focus to grow at a fast pace in this territory, I am concluding that Medium is an early stage company in India.
I collected data on users of the product to understand customer profiles and what job do they hire the product for. Below are some data charts and insights.
Insight 1: In India, there are more number of readers than writers on Medium.
Insight 2: 78% of users are free users of the platform. It takes months to convert a free user to a paid plan.
Insight 3: 40% of users are considering an upgrade. Low hanging fruits/bottom of the funnel users. With continued use of the application, they will most likely upgrade.
Insight 4: Substack>Reddit>Quora> are some of the competitors of Medium among online reading, publishing, community oriented platforms.
Name of ICP | The Thought-leader | The Bookworm |
% of users in my user research | 54.3% | 39.5% |
Age | 30-45 | 22-45 |
Who do they follow | Tim Ferris, Andrew Huberman, Naval Ravikant | Oprah Winfrey, Reese Witherspoon |
Topics they are interested in | Finance, Technology, AI, Business, Data Science | Fiction, Creativity, Lifestyle, Culture |
Time they spend on reading | 1 hour daily | 1-2 hours daily |
Appetite to pay for well-researched content | High | Low |
Use cases blogging platforms serve | - curating insights - follow emerging trends - skill development | - explore diverse topics - gain fresh perspective outside traditional books |
Features of Medium.com they use | - ( Follow ) authors, publications - ( Save to list /Create lists) - ( Share highlight ) - ( Clap/Respond ) - ( Subscribe to get an email ) | - ( Follow ) authors, publications - ( Share ) - ( Listen ) - ( Clap ) - ( Share on IG ) |
ICP 1: The Thought-leader (please scroll right on the table to see the full table)
Goal Priority | Goal Type | JTBD | Validation approach | Validation |
---|---|---|---|---|
Primary | Functional goal | - learning about innovations, curate insights and upskilling for better performance in their career | User response form | 60% of users said "Read stories/articles about a few specific topics you wish to increase your knowledge in" |
Secondary | Personal goal | - compile insights to shape their own unique perspective - contribute to conversations or write their own articles to build credibility in their industry | Secondary research |
ICP 2: The Bookworm (please scroll right on the table to see the full table)
Goal Priority | Goal Type | JTBD | Validation approach | Validation |
Primary | Personal goal | - find source of joy and entertainment - have a fulfilling pastime - reduce stress | Secondary research | |
Secondary | Social goal | - open up opportunities for social interaction through discussions about literature - add value during discussions in reading groups, participation in literary events | Secondary research |
I chose to analyse this flow because the user experience from first-time app-open to experiencing the core value prop of Medium for the first time is highly important for the following reasons
Here I have analyzed every screen to discuss
On screens where I have called out what is not working, I have given a REIMAGINED version of that screen or block.
(Kindly maximise your screen to check the screen contents in detail. You can stretch out with 2 fingers on the touchpad to maximize. Thank you :) )
Screen 1 : Main copy and sub-copy both are consistent with the communication i.e. explore real stories from everyday people that open your mind
Screen 2:
Screen 3:
NEW Screen 3: This is the REIMAGINED version of the above screen where I have used progressive disclosure method to gradually reveal topic names so that
Screen 4: This screen is what we get after we have selected the topics we are interested in
Observation : After selection, I continue to spend more time on this screen trying to make sure I have not missed anything. Ending up spending too much time on this screen.
Screen 5:
Recommendation page: Lists a mix of authors and publications to follow
Point to note: Medium focuses on 'follow' feature right from the beginning of the onboarding process for the following reasons,
- Following the right writers and publications you are interested in helps Medium to curate the relevant stories for you <> Personalised recommendations will boost engagement(claps and comments to encourage writers) and retention
- Getting a good number of followers encourages writers to publish more quality content and earn income
- Monetisation of stories by writers encourages other writers who have been on the fence about writing on Medium, to start
Screen 6:
Telling users why they should turn on notifications by
Screen 7: Account Upgrade screen
What is NOT working
Reimagined version:
Position of this page should be after the reader reads at least one story. In such a scenario, instead of a new page, the same should come as a pop-up on the screen after reader spends 45 secs on their second story.
Screen 8: Homepage
Source: https://www.axios.com/2021/03/24/medium-subscribers-buyout-ev-williams
Screen 9: Story page
First member-only story is free for a new user. Allowing free users to experience the value of a member account for free entices them to pay for an upgrade
(Aha moment for a new user right there!
Why?
Analysed this flow because Medium is a fairly simple platform and does not have too many features. But the ones that are there are crucial for
Here also, I have analyzed every screen with ✅ 💡 and a red stop sign, and created REIMAGINED blocks wherever needed.
Screen 1: Engagement buttons frozen in the lower panel while accessing any story clearly states the importance of readers engaging with the writers and the community
Screen 2
Subscribe button: On clicking on this button, we
Reimagined version:
Screen 3
Explore button : Takes us to the explore page where we get recommendations on trending topics and staff picks
Point to note here: Staff picks
Screen 4
Library button: Takes us to the 'Your library' page where readers can access their lists.
Suggestion: In addition to 1 list called 'Reading list' we can keep some more lists here named 'project ideas', 'best of science' , 'personal finance' to nudge users to save more stories to these lists
Screen 5
Saved lists: Moving to the sub-page of 'Saved lists' in 'Your library' page, we see the instruction "save someone else's list and it will appear here".
What does not work:
Suggestion:
Here, they should show the names of authors/publications I follow linking to their profiles
OR
they should show the names of authors/publications I follow linking directly to their saved lists
Screen 6
'Highlighted' sub-page: Has list of all highlighted portions.
Screen 7 : 'Reading history' sub page - for avid readers , keeping a track of what they read can be motivating
Profile page: About section
Medium asks to write a short bio.
What does not work: Readers do not need to add a bio as readers cannot access anyone's profile unless they are a writer.
Reimagined version:
Despite being a publishing platform, Medium's competitive strategy is somewhat similar to social media platforms and online marketplaces. - They are leveraging network effect to create a valuable experience for all sets of users
- Utilizes user-generated content
There are 2 groups of users on Medium - readers and writers.
- Medium strives to curate high-quality, relevant content for its readers. - As a result, readers engage more with the content with 'claps', 'responses' and 'shares'. - More engagement from readers result in increased earnings for writers. More writers will join the platform to monetize their work.
This loop makes the platform valuable for both sets of users resulting in a self-sustaining growth cycle.
Keeping in mind how we can keep leveraging the network effect, I have discussed 3 hypotheses that will result in keeping the positive feedback loop alive.
Hypothesis 1
4 stories read within 60 mins of app install
Explanation:
Hypothesis 2
2 stories saved within 60 mins of app install
Explanation:
Hypothesis 3
Any engagement feature(clap, response, share) used at least 5 times within 1 week of app install
Explanation:
Metrics | Why should we track them | What will it impact |
Reads | - Tells you how many times a story has been viewed for at least 30 secs - Helps to assess how engaging the content is | Hypothesis 1 |
Reading time | - lengthy reading times can indicate that users are finding value in the stories and would share the same with their friends - important to find optimum story length to boost avg. no. of stories read by a user per session | Hypothesis 1, 3 |
Member read ratio | - Tells you the number of reads from paying users compared to total views, helping assess how well content resonates with the subscription base. - A healthy ratio here results in higher number of saves because users are more likely to save stories that are relevant to them | Hypothesis 2 |
User Retention rate | - how many users come back to the app after the first session - if they find save-worthy stories, they at least intend to come back to the platform again | Hypothesis 2 |
No. of claps + responses + shares received by a story | - helps you gauge how engaging a story is - Medium can recommend more such stories in their 'staff picks' segment | Hypothesis 3 |
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