The Business of Fashion is introducing a paywall in front of much of its content in a bid to move forward with monetisation, it announced today.
From October 25, BoF Professional, as the subscription setup has been dubbed, will be the only way to get unlimited access to its content as well as exclusive analysis, special briefings and networking events. There are both monthly and annual payment plans available.
“For almost a decade, The Business of Fashion has been a trusted source of independent, authoritative analysis on the global fashion industry, arming fashion professionals all over the world with a powerful competitive advantage in today’s turbulent times. Now, it’s time for BoF to take the next step in our journey as a business,” founder Imran Amed wrote in his post about the plans.
Students and occasional readers will continue to have access to five articles per month free of charge, as well as unlimited access to the site’s Daily Digest Newsletter, BoF Fashion Week galleries, the BoF 500 and BoF Careers.
There will also be a special discount to students who wish to upgrade to BoF Professional, as well as special group rates to companies and other organisations of 10 people or more.
BoF has been steadily moving towards more of a revenue-driven model over the past couple of years, with services including a careers site, education platform and offline events under the header BoF Voices all bringing in money to the growing company.
The team raised £1.3m in seed funding from a group of investors in 2013, including Index Ventures, LVMH, Carmen Busquets and Felix Capital. This was followed by a Series A round in 2015.
For those looking to subscribe, the team is offering a 50% early bird discount to the annual subscription of £9 per month. The monthly subscription is £18 per month.