2018 Offers New Growth Opportunities for Publishing Marketers

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There’s no doubt that AccuList USA’s business and consumer publishing clients face some pivotal audience- and revenue-building challenges in both print and digital marketing, but there are also growth opportunities in 2018. We note three potential positives recently highlighted by Publishing Executive magazine.

Quality Content Over Free Content

Audiences are increasing their demand for quality content, and advertisers are seeking publishers who can deliver that quality. There is a lot of untapped revenue potential for publishers who commit to quality, especially since the free-information era is ending as readers become wary of free but low-value content and increasingly willing to pay for reliable quality. For digital publishers, the downside of a shift to paid quality content can be a shrinkage of circulation, forcing them to balance potential gains in subscription revenue against lower page-views for ads. The Publishing Executive article offers various mitigating tactics: leaky paywalls; metered paywalls; charging only for premium content; allowing only paid subscribers to comment or participate in an online community; early access to certain articles for paid subscribers; access to paywalled content for subscription to a free newsletter, etc.

It’s All About Niches

With consumer access to vast amounts of information spewing into print, online, media and social every day, mass-market-oriented print and digital publications have been struggling, and niche publishers proliferating. Readers want to focus on what’s relevant to their specific interests, and many advertisers want to reach the right pool of people more than just the largest pool of people. The trick for publications is to embrace niche demand without sacrificing too much circulation. The Publishing Executive article offers some suggestions. Digital publications can create a product-within-a-product on the website, for example, with content targeted to a subset of the normal audience and attractive to new sponsors who want to reach that specific audience. For print publications, there are niche-targeted inserts, bonus sections, customized covers, polybagged special reports, or ad packages that combine a full-page ad in the magazine with a more in-depth cover wrap or insert for a special event or audience.

Demand for Brand Safety Grows

Brand advertisers have become concerned about aligning with publishers who tolerate fake news, violence, extremism, or other offensive content. The Association of Magazine Media recognized the danger and the opportunity in 2017 and released an ad campaign (“Better. Believe it.”) to highlight magazines’ quality content and brand safety. This means that respected publishers can court advertising revenue (and circulation) in 2018 by stressing brand quality and safety in their promotions. On that point, Publishing Executive quotes from an Advertising Age piece in which Shelagh Daly Miller of AARP declared: “Only when brands partner with reputable publishers can they have full confidence in where their ads are being placed. That’s a message that should be all over our industry’s media kits. And tattooed onto the foreheads of our ad reps.”

For more on publishing growth opportunities in 2018, read http://www.pubexec.com/post/6-growth-opportunities-publishers-2018/

Study: How Consumer E-mail Behavior Varies by Market Vertical

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AccuList USA works with e-mail list and marketing clients on optimizing consumer response for variables that range from list targeting to subject lines to consumer behavior that differs by market vertical. So Movable Ink’s “US Consumer Device Preference Report: Q1 2017” offers valuable guidance on how opens, conversions, engagement and even order values are affected by market vertical and device preferences.

Smartphones Rule E-mail Opens

For all industries studied—retail, travel and hospitality, financial services, and media/publishing and entertainment—the report found most e-mails are opened on a smartphone as opposed to a tablet or desktop. Smartphone e-mail opens have especially jumped for financial services, up 7% from the fourth quarter of 2016 to reach 70% of opens in the first quarter of this year. Financial e-mail opens on smartphones actually peak at 74% on Saturdays, so financial services marketers should plan to reach consumers on the go. However, retail is not far behind, with 61% smartphone opens for apparel and 57% for non-apparel e-mails. While smartphones still led opens, the more content-heavy media, publishing and entertainment vertical also has a good portion of desktop e-mail opens at 32%, followed by travel and hospitality with 29% desktop opens. Tablet opens are also stronger for media and publishing at 18%, higher than any other industry.

Desktops Lead Retail Conversions, Order Values

Mobile optimization is clearly key for open rates, but retailers should not neglect desktop design because that’s where the orders are racked up. Non-apparel retailer e-mails attribute 73% of conversions to desktop use, for example, with 51% of conversions on desktop for apparel retailing. Smartphones are catching up, however, with 40% of conversions snagged by smartphones for apparel retailers, the highest of any vertical. Desktops also deliver the highest average order value for retailers: $171.04 for apparel and $138.57 for non-apparel sales. However, tablet users also score good orders in apparel retailing, with an average order value of $169.69 in the first quarter, up from $126.13 in the fourth quarter.

Read-Time Engagement Prize Goes to iPhones

When it comes to e-mail reading time, the study generally found that iPhones are able to capture more attention than Android mobile phones, Android tablets, desktop computers, or iPads. The finance industry had the longest read lengths on iPhones, with 68% of subscribers spending 15 or more seconds reading their e-mail thanks to the Apple devices. This was followed by desktop computers, where 58% of subscribers read financial e-mail messages for 15 seconds or more. Media, publishing and entertainment e-mails also garnered high iPhone read time, with 61% reading e-mail for 15 seconds or more.

For more data, see the report summary and handy infographics at https://movableink.com/blog/consumer-device-preference-report-q1-2017/

 

 

 

 

How Acquisition Mailing Won With Price, Premium, Benefits Copy

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While many of our direct mail clients recently have focused on the secret to millennial response, AccuList USA’s direct mail consulting keeps a close eye on mail tactics that work well with older and general audiences, too. A case in point is a recent Target Marketing magazine case study sharing the Mayo Clinic Health Letter’s expertise in testing toward maximum acquisition response for its control. With its huge 2 million to 5 million mail pieces per quarter, Mayo has a lot of room for testing and 17 years of success to back up its results!

Pricing & Premiums Lift Response

Targeting an older audience (age 70 and up), the Mayo Clinic mailer has long used an oversized kraft outer envelope with a simple teaser that appeals to the older market preference for courtesy: “Please favor us with a reply within 10 days.” Successfully tested changes include shifting the envelope size from 11″x 14″ to a 10″ x 14″ to save money, but other inside-package tweaks have delivered the response boosts.  For example, the letter now leads with pricing, a “tough times” stress on the per issue $1.97 over an annual savings. A spot-glued lift note with a testimonial segues into a personalized, boxed reference to that testimonial on the first page of the letter.  But one of the most significant response-getters has been the addition of a premium in the form of existing internal special reports–on weight loss or arthritis, for example–offered for free.

Long, Easy-Read Letter Targets Seniors

The control has also increased its lift by moving to an eight-page letter, up from the original four-page pitch. The results are proof that longer copy can outdo short copy when it comes to self-help offers and older markets. For one, the long-form letter allows marketers to pack in more benefits. Second, it allows for a larger type size. For example, the Mayo letter has shifted to a 14-point type as a boon to aging eyesight and a way to distinguish its approach as more personal and less corporate. And the package includes a full page on “The Mayo Clinic Story” of pioneering research and patient care to build brand awareness and value validation.

A 3-in-1 Response Device Packs a Punch

The mailer’s reply card page has three-in-one power: reply form, premium stuffer and a BRE, in yellow to stand out in the package. Other smart tweaks include a “No-Risk Certificate” reply card numbered to show exclusivity. Plus, to keep recipients from losing focus while searching for a pen and laboring over a form, the bill-me-only reply uses involvement stickers. To download the complete case study, go to http://www.targetmarketingmag.com/resource/acquisition-mail-case-study-editorial-premiums-benefit-filled-copy/

 

 

 

 

 

For Direct Mail, What’s Old Can Be New (& Effective) Again

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AccuList USA offers mailing lists, data services and direct marketing services to direct mailers in many business and nonprofit arenas, and that requires us to keep up with the latest options combining print and digital technologies. But that doesn’t mean we ignore the tried-and-true, pre-digital tactics that still deliver response! Real-life examples noted in recent Target Marketing magazine articles underscore that point.

Envelopes That Grab Attention

Thank Paul Bobnak, director of Who’s Mailing What!, for sifting through mail volumes to spot some successful new takes on old tricks for attention-getting envelopes. In his recent Target Marketing article, he noted the reappearance of four “old-school” tactics. One is an envelope highlighting Yes-No-Maybe stickers, once a favorite of subscription drives. The prospect is given three options on the reply form, with a sticker for each. Bobnak cites a recent mail piece from UPMC, a healthcare system: The Yes-No stickers are visible in an outer envelope window, while the “Maybe” is inside for recipients to self-qualify for follow-up mailer persuasion. Posting an outer envelope quiz is another proven way to intrigue prospects and get them to open a mailing to learn more–a ploy often used for health care and financial services offers. Bobnak shows how a few qualifying envelope questions work well today for the Harvard Health Letter as an example from publication marketing. The interoffice-routing-style envelope is an old trick for catching the attention of office workers and has been a go-to for B2B. Despite e-mail’s workplace dominance, interoffice paper still exists, and Bobnak notes the recent engaging nonprofit marketing use of an interoffice envelope by Sacred Heart Southern Missions, a social ministry. Then there’s the photo lab envelope, seemingly obsolete in this digital photo age. But high-quality printed photos still come in envelopes, Bobnak reminds, and that syncs with the creative services message of Dissolve, a stock footage agency, which recently prospected with a photo lab envelope containing quality photos from its collections.

Letters That Drive Response

Once recipients open the envelope–although use of QR, AR, PURLs, etc., are great new digital tools to boost response–the old-school marketing basics of the letter copy offer still matter. In another recent Target Marketing magazine article, Summer Gould highlighted seven items required for a great direct mail letter. With a few of our own additions, the seven key elements are: a first sentence that hooks the reader; an offer that is attractive (yes, a freebie or discount still entices); a story line that engages and pulls important emotional triggers (such as the well-known marketing motivators of fear, greed, guilt, exclusivity, and need for approval); flattery that convinces the reader he or she is special and appreciated, which today requires more personalization than just a greeting name; questions that qualify the prospect or customer (just make sure you expect the answers based on your data); a problem solved by your product or service; and benefits that matter to the prospect or customer. Why the reminder of what seems like marketing common sense? Because it’s unfortunately not always common practice! Dazzling dimensional creative will not make up for an offer misfire.

Combining proven marketing tactics with technology, “snail mail” continues to deliver a response rate ahead of other channels. To see physical examples of what Bobnak describes, go to www.targetmarketingmag.com/post/4-old-school-direct-mail-tactics-still-work/

Subscription Marketing Basics Still Create Winning Formulas

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Despite modern publishing’s multi-platform environment (print, web, mobile), many long-time subscription marketing rules retain their relevance. A recent post from Bill Dugan, for niche magazine consulting firm Mequoda, stressed just that point by reminding audience development pros of the fundamentals for price, offer and creative. As a list brokerage with many paid or controlled circulation clients, AccuList USA would, of course, add another important component: quality data

Price, Offer, Creative

As Dugan stresses, the art and science of pricing still counts. In pricing, whether for print, online, tablet or combination packages, subscription marketers actually have an edge over many other products by being able to sell the same product at different prices each time it’s purchased, from a new subscriber to each subsequent renewal. Pricing strategies can include 1) simply the same price at every stage of buying or renewing; 2) giving the more price-sensitive new subscriber an introductory discount and then selling renewals at full price; 3) maximizing response and profitability with a step-up program from a low introductory price through gradual renewal increases to maximum; and 4) rewarding subscribers with a lower monthly price for selecting a longer (annual) term. Next, marketers can build a range of offers. Based on testing, Dugan reports that the best response is earned by a “soft offer,” meaning a trial free issue or more, plus a premium and a bill-me-later for a full subscription. The lowest response offer is the old-fashioned hard offer, requesting up-front credit card payment with no trial or premium,per his testing. And finally, direct marketing success requires wrapping the offer in effective creative. A key to creative response today, whether direct mail or e-mail, is personalization that focuses on the target customers’ needs.

And Market-Tested, Targeted Lists!

Of course, effective personalization requires targeted, quality data! So while Dugan didn’t talk about the paramount importance of data, we remind marketers of the continuing relevance of either the 40-40-20 rule (40% of response success from audience/list, 40% from offer and 20% for creative) or the 60-30-10 formula (60% from targeted audience/list). Bottom line, good audience data is key. To support digital and print publishers, AccuList USA turns to its proprietary research on market-tested data and selection parameters most likely to boost response. That means lists such as those targeting active subscribers to trade or consumer publications; book buyers having specific interests; digital or print edition subscribers; known subscribers at work, home, or waiting room address; or subscribers with Facebook profiles.

For the complete Mequoda article, see http://www.mequoda.com/articles/subscription_websites/subscription-marketing-the-more-things-change-the-more-they-stay-the-same/

Data & Content Are Keys to Profitable Audience Building

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After long experience supporting publishers and media owners in circulation/audience growth, AccuList USA can affirm that, in the age of big data and exploding digital content, targeted data quality and database management are more essential than ever to profitable audience development.

It’s All in the Data

A recent Marketo blog post backs up that assertion with their advice. Demographics and firmographics are a key starting point, but now media owners also can mine transactional data, behavioral data, and psychographics/interests across channels, the post notes. Smart use of first-, second- and third-party data allows for tailored content, offers and channel targeting. As the Marketo article explains, “For example, you may know that a reader is a part of a cohort that is female, between 18-35 years old, with a household income between $64-96K….But what could you do–in terms of engagement–if you learn through her content consumption patterns that she’s interested in football, responds to sponsored content from travel brands, and mostly responds to content that’s shared on Facebook?”

And Data Management

Yet more data from multiple sources–web, print, mail, e-mail, social media–also presents challenges, and Marketo cites Folio’s recent survey of publishing leaders, which found 71% citing data management as a top priority for creating and monetizing media products. The solution is a single hub for audience data and automated cross-channel processing in real-time, the post advises. With a complete data profile of the audience, the focus can turn to delivering the right message at the right time to the right target. And we would add that an effective database will require strategies and support for data hygiene, database appending, analytics, and segmentation as well as automated triggering of messages across channels. Automation doesn’t apply only to digital messaging, by the way; marketers can capitalize on direct mail’s top response and brand engagement with automated mail triggering based on digital activity.

Commitment to Content

In publication/media marketing even more than other brand marketing, content counts. Faced with ever-growing digital content noise, media owners must work even harder to deliver content that interests and engages the target audience. To that end, a helpful Content Marketing Institute article by Neil Patel recently listed four common mistakes. No. 1 is offering content of more interest to the brand/publisher (and its advertisers/partners) than to the audience. Only audience-centric content builds audience. No. 2 is to focus only on selling in marketing messages, especially if poorly targeted. The long-term value of authenticity and relationship building suffers when the sales pitch is obvious and not personalized. No. 3 is an SEO addiction to the point of stuffing keyword phrases and irrelevant links into content, which can turn off and confuse readers and even earn search engine penalties. And No. 4 is an obsession with content quantity over quality. Simply delivering more content more often than competitors, especially if it is unwanted, sloppy and self-serving, is likely to turn off audiences. For good content marketing examples, go to Patel’s content marketing article.

Innovative Media Tactics Offer Ideas for Growing 2017 Circulation

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Helping circulation pros and media owners grow print and digital audiences with targeted direct mail and e-mail lists has been a long-time focus at AccuList USA, as seen by our many business publication and consumer publication clients.  But today’s challenges in reaching new subscribers, boosting event attendance and promoting content engagement require strategic innovation, and we would point to some great lessons in Editor & Publisher‘s annual feature “10 Newspapers That Do It Right,” which spotlights ideas for 2017 circulation, revenue and engagement growth with applications beyond the newspaper world. Below are just a few of the winning strategies highlighted.

Growth Formula Adds Print Frequency Flexibility to Smarter Retention

Editor & Publisher cites how the Albany Times Union grew its print subscription base by offering more frequency flexibility with a Thursday through Sunday and/or Sunday-only print delivery as primary options. “As consumers continue to downsize their subscriptions to fit into a busier and more digital audience, this change in tactics presented the consumer with flexibility,” Brad Hunt, circulation sales and marketing manager, explained to E&P. The strategy helped the paper secure an additional 5,067 new print starts versus the previous year. With lower frequency delivery options as the primary offer, kiosk and telemarketing vendors wrote an additional 3,907 subscriptions over the previous year, and digital efforts, such as e-mail and online, also secured 714 additional starts versus the previous year.  Then, by restricting discounted offers to 50% with limited exceptions through the year, the paper also countered the past deep introductory discounts that had created higher churn and/or downgrades rates. The paper further cut subscription churn by using data analysis of starts and stops to develop more efficient retention and engagement touch points. As a result, starts increased by 7% and stops decreased by 18%, giving the paper a net gain of more than 1,200 starts over stops for the year.

Unique Content and Multimedia Delivery Capture Audience and Ads

San Antonio’s Express-News is wooing subscribers and boosting ad revenue via multimedia publication of unique local content. For example, in October 2015, the paper launched a 48-page, all-color tabloid magazine, Spurs Nation, about its local NBA team, the Spurs. Full of original and exclusive reporting on the team (80,000 subscribers currently), the tabloid is inserted in the Sunday paper and sold on newsstands. Four months after the magazine launched, a half-hour “Spurs Nation” television show debuted on the local NBC affiliate. Plus, on game days, the paper began publishing a double-truck with a scouting report and feature story. Content was accessible on the paper’s premium subscriber website, ExpressNews.com, and on a niche site, SpursNation.com. So, in a single buy, advertisers can get magazine, newspaper, TV show and website ads. Plus, the paper added book publishing this past holiday season, with a Spurs Nation book about major moments in San Antonio basketball. The paper will replicate its winning formula when it launches a new series of daily historical articles, with ad sponsorship, leading up to celebration of the city’s 300th anniversary in 2018. There will be a companion book, covering the first 150 years of San Antonio’s history, and production of daily Tricentennial Minutes on local TV stations next year, too.

Social Media and Event Engagement Target Millennials

Hoping to woo millennials to its print, digital and mobile platforms, Singapore’s Straits Times decided to create Singapore’s first coffee festival to get its brand message to a younger crowd. Over the course of four days last June, the event hosted more than 100 vendors, ranging from cafes and coffee roasters to stalls selling books and home décor. “We wanted to target a millennial crowd in particular, and much of the publicity was specifically created for maximum impact on social media,” Managing Editor Fiona Chan told Editor & Publisher. Since the goal was to get millennials engaged with the publication, the paper’s designated Reading Room at the festival gave guests the chance to interact with reporters, columnists and editors at the Times through a series of hour-long Q&A sessions. “Readers are increasingly looking for more than just commoditized news that they can get for free anywhere. What they want is to engage with journalists and newsmakers, to ask specific questions about the issues that interest them and to obtain detailed answers,” Chan advised. By the end of the festival, the total number of guests was twice the turnout originally expected, so the paper plans on bringing back the event this year at a larger location to accommodate a bigger crowd and more sponsors.

For more ideas from the article, read http://www.editorandpublisher.com/feature/10-newspapers-that-do-it-right-2017-achieving-growth-in-circulation-revenue-and-engagement/

 

2017 Magazine Trends: Digital Embrace, Platform Tensions

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The pursuit of circulation and ad revenue will push magazine publishers to embrace a number of digital publishing trends in 2017, per predictions in a Publishing Executive magazine article by Ron Matejko, president of digital publisher MVP Media. We thought our consumer and business publication clients would be interested in a few of those trends.

Subscription Drives Go Digital

While insert cards and direct mail remain sturdy tools for circulation marketing, Matejko foresees increased use of digital tools in audience development, and he cites the example of Dallas-based D Magazine, which is leveraging its combined database with outreach via automated and personalized e-mail campaigns and targeted social media advertising to audiences that look like their current print subscriber base. The result has been more new and renewed subscriptions for the print product, in fact almost a 100% increase in subscriptions generated monthly through digital efforts. The power of postal combined with social/e-mail database marketing has certainly given legs to AccuList USA’s Digital2Direct marketing program.

Mobile Apps Boost Brand & Revenue

Also watch for increased use of mobile magazine apps that enhance the reader experience, predicts Matejko. Consider the success story of Cities West Publishing in Arizona, which expanded its app offerings last year with interactive versions of two monthly print publications, as well as apps to supplement multimedia campaigns for two special issues. For example, an app for Apple and Android mobile devices reformatted the more than 1,200 listings of design experts, shops, and services showcased in Phoenix Home & Garden magazine’s Top Design Sources issue, followed by a similar app for Phoenix magazine’s Travel Guide issue. The benefits: branding, extended shelf life beyond the newsstand, and revenue via multi-platform value-added for print ad partners.

Tech Innovations Could Be Transformative

Tech innovators are courting publishers with tools that could make a big difference to digital success, according to Matejko. He cites innovations such as Advontemedia’s software that caters to mobile readers’ preference for scrolling vertically instead of horizontally, or Woodwing’s Inception digital content production tool that enables publishers to create a constantly updated app, with responsive design for all devices.

Publishers in a Tug of War With Platforms

Given those digital trends, it’s no surprise that publishers are distributing content across audience-rich platforms such as Facebook and Google. They are betting that targeted content on digital platforms will drive traffic back to their own sites—boosting readership, content value, and ad revenue. But the formula for monetizing multi-platform efforts has proved challenging, according to Patricia Orsini, eMarketer analyst and author of the new report, Media’s Digital Challenge: Publisher Strategies for Monetizing Content Across Platforms.  Instead of the content on platforms scaling up audience for most publishers, “readers spent more time with those platforms, and therefore boosted revenue to those platforms,” Orsini found.

For more on the digital publishing trend predictions from the Publishing Executive article, go to http://www.pubexec.com/post/4-digital-publishing-trends-watch-2017/

Growing Magazine Audiences Continue Shift Toward Mobile

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The good news for publishers is that total audience—across print, Web, mobile and video—grew robustly in 2016, up 6.4% over the prior year, according to the 2016 Magazine Media 360° Brand Audience Report from the Association of Magazine Media (MPA). But there is a challenge for publications within the data: the continued shift to a mobile audience. Certainly, at AccuList USA®, we have seen mobile optimization and responsive design become a key consideration in the multi-channel marketing strategies offered to consumer publication and business publication clients.

Desktop/Laptop Viewing Loses Traction to Mobile

Although print and digital editions continued to garner the largest audience for magazine media last year, the mobile platform had the most rapid growth rate, per the MPA’s trend analysis. Nearly 80% of the brands reporting showed mobile growth, with 79% of those brands up by either double- or triple-digit percentages. More than a quarter of the brands in the report grew their mobile unique visitors by one million or more each. That mobile growth came at the expense of Web (desktop/laptop) users.  In fact, the Web audience represented the only magazine media platform to decline as consumers spent more time on portable devices than computers. Meanwhile, though video remained the smallest audience platform in 2016, it also recorded strong growth, per MPA, up by double-digit percentage rates.

Print’s Lead Role Endures

“The key takeaway from this most recent analysis is that print still makes up the biggest portion of magazine media audiences, yet continued growth in mobile web means that the total audience continues to get bigger overall and reflects the multi-platform preferences of today’s readers,” concluded Linda Thomas Brooks, president and CEO of MPA, in a press release.

And the Winners Are…

Meanwhile, even though 2016 was an election year, nonpolitical interests led the way to top spots for magazine brands. Per the 2016 analysis, the top five magazines with the most total audience—across print, Web, mobile and video—were (in descending order) ESPN The Magazine, People, Forbes, Allrecipes and Better Homes and Gardens. The top five magazine brands with the greatest percentage growth in total audience compared to a year ago were (in descending order) Domino, The New Yorker, Harper’s Bazaar, W and Esquire.

For more see http://www.magazine.org/industry-news/press-releases/mpa-press-releases/mpa/mpa-%E2%80%93-association-magazine-media-releases-2016