Sanp.com offers a set of what they call “snap shots” that publishers can add to their site. By using Snap Shots links are powered with a javascript pop up (they call it snap shots) that can showcase a preview image of the linked site. They can also display a related Wikipedia entry, a related video, profile, photo (Flickr), audio or RSS feed from trusted sources. Alternatively, end users can also download and add on for their browser.
For publishers the incentives are at least two: For one, the “snap shots” has advertising real state that Snap.com commercializes sharing the revenue with the publisher. Second, the image preview of the link content as well as the preview of multimedia content from popular sources (Wikipedia, Flickr, etc) deter users from clicking away from the site and hence boost readers’ retention rates.
That explains why it makes sense for publishers to add snap shots to their site. Clearly, Snap.com has a well thought out incentive structure for publishers. But the real kick lies in the added value for readers. Snap shot is an efficiency tool striking a fundamental cord in current reading habits. People click on links to get a “glance” of the reviewed at the blog they are reading. If a person or a concept is mentioned, users often open a new tap on their browser and quickly Google it to get a sense of which person that is or what that concept is about. Valuable sources that we often end up at are Wikipedia, social network profile pages, or other blogs. Snap has covered all the bases allowing you to preview all that information at the palm of your hand.
In essence, Snap is a distributed search engine which focuses on content preview. Content preview makes sense because, as I have said elsewhere, people don´t read anymore. They scan, they skim, and perhaps they also glance at pages.
At the time Snap claim to reach close to 10% of the US audience so I think is fair to say that they are doing rather well (I would like however to get data on CTR, time the “shots” remain open –as a proxy for how many read them-, users feedback –was the info previewed useful, etc). My only concern is that from my point of view, the solution seems to be half way at best. Allowing me to scan, skim or glance relevant content with fewer clicks is indeed of great value, but it does not solves the core challenges of the scanning, skimming and glancing new way of reading. And these challenges are: retention, structure and contextualization. I will try to write about these three issues in my next post.
One thing is for sure: If you add up to the Sanp product and commercialization strategy the fact that behind it is Bill Gross, one of the smartest and search savvy guys out there, one can clearly see that the company is set up to make some serious disruption on the Web. As far I am concerned Snap is one of the coolest companies out there. Watch out for this one.