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Twelve Facts About Magazines

The following is from the 2010/11 MPA Magazine Handbook:

Magazine audiences are growing – and young adults read heavily: The number of magazine readers has grown more than 4% over the past five years. Ninety-three percent of adults overall and 96% of adults under age 35 read magazines.

  1. Magazine audiences are expanding across platforms: The number of magazine websites and mobile apps is increasing; e-readers are projected to grow rapidly – and consumers want to see magazine content on them.
  2. Magazine advertising gets consumers to act: More than half of all readers (56%) act on magazine ads. Plus, action-taking has increased 10% in the last five years.
  3. Magazines improve advertising ROI: Analysis of client-commissioned cross-media accountability studies found that magazines most consistently generate a favorable cost-per-impact throughout the purchase funnel.
  4. Magazines contribute most throughout the purchase funnel: Magazines are the most consistent performer in the purchase funnel, with particular strength in the key stages of brand favorability and purchase intent
  5. Magazines build buzz: Magazine readers are more likely than users of other media to influence friends and family on products across a variety of categories. Magazines complement the web in reaching social networkers, whom marketers increasingly favor to generate word-of-mouth.
  6. Magazines spur web traffic and search: Magazines lead other media in influencing consumers to start a search for merchandize online, ranking at or near the top by gender as well as across all age groups. Also, magazine ads boost web traffic, and magazine readers are more likely than non-readers to buy online.
  7. Magazines prompt mobile action-taking: Magazine readers are most likely to use a text message to respond to an ad and redeem a mobile coupon versus other media. Plus, magazines rank high in generating other mobile action.
  8. Magazines and magazine ads garner the most attention: When consumers read magazines they are much less likely to engage with other media or to take part in non-media activities compared to the users of TV, radio, or the internet.
  9. Magazine advertising is valuable content: Consumers are more likely to have a positive attitude toward advertising in magazines compared to other media.
  10. Magazines supply credibility: Multiple sources show that consumers trust ads in magazines.
  11. Magazines deliver reach: Across major demographic groups, the top 25 magazines deliver considerably more rating points than the top 25 primetime TV shows.
  12. Magazine audiences accumulate faster than you think: More than three-quarters of readers read their copy within the first three days. The average monthly magazine accumulates approximately 60% of its audience within a month’s time, and the average weekly magazine accumulates nearly 80% of its audience in two weeks.

Learn more about writing and publishing in Peter’s book: Successful Author FAQs: Discover the Art of Writing, the Business of Publishing, and the Joy of Wielding Words. Get your copy today.

Peter Lyle DeHaan is an author, blogger, and publisher with over 30 years of writing and publishing experience. Check out his book Successful Author FAQs for insider tips and insights.

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Business

Avoiding the Trap of ROI-Driven Media Buys

By Peter Lyle DeHaan, PhD

There is a troubling trend in advertising; it is making ad buys based strictly on ROI (return on investment) calculations.

This tendency began in earnest with online advertising, which provides readily available performance data, such as impressions, clicks, and leads. Soon, advertisers were justifying ad buys solely using cost-per-click or cost-per-lead calculations – and forgetting the big picture of effective marketing.

For many forms of advertising, performance metrics are not available, so ROI calculations are non-existent or mere guesses. Lacking firm ROI numbers, some shortsighted advertisers are bypassing viable opportunities, such as print, thinking that they are making a wise and informed decision in doing so.

Most advertising builds brand awareness, but does little to generate immediate sales. So even if a unique phone number, email address, or landing page is included to measure response, it won’t matter.

Ads that lack a clear call to action will have no action to measure. Branding ads pave the way to future sales, future goodwill, and future top-of-mind awareness. But that is hard to measure and takes a long time to realize.

Marketers who seek instant gratification may opt to rely on ROI to make decisions. However, those who want to be around for a long time, need to invest in branding efforts today in order to enjoy the rewards of increased sales tomorrow.

The long term success for the marketer, their company, and their brand cannot survive solely on ROI-driven media buys.

Read more in Peter Lyle DeHaan’s Sticky Series books, including Sticky Customer ServiceSticky Sales and Marketing, and Sticky Leadership and Management featuring his compelling story-driven insights and tips.

Peter Lyle DeHaan is an entrepreneur and businessman who has managed, owned, and started multiple businesses over his career. Common themes at every turn have included customer service, sales and marketing, and leadership and management.

He shares his lifetime of business experience and personal insights through his books to encourage, inspire, and occasionally entertain.

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Business

For Advertising to Work, It Must Be Repetitive

By Peter Lyle DeHaan, PhD

Many people who are not trained in the art of marketing, have the false assumption that they can run one ad and make the phone ring. This is rarely the case. Regarding the need for ongoing advertising, author Debbie Elicksen says it best:

“A one-shot ad rarely works. Many businesses make the mistake of putting all their eggs in one advertising basket, blowing their whole budget on one glitzy ad in a well-known publication. Unfortunately, such ads often don’t generate a single call. For advertising to work, it must be repetitive. A seed is planted with the first ad. The second ad starts working on the subconscious. The third ad might be the one that gets noticed by those who are in the market for your product.” [from “Self-Publishing,” by Debbie Elicksen, p 127; emphasis added]

Read more in Peter Lyle DeHaan’s Sticky Series books, including Sticky Customer ServiceSticky Sales and Marketing, and Sticky Leadership and Management featuring his compelling story-driven insights and tips.

Peter Lyle DeHaan is an entrepreneur and businessman who has managed, owned, and started multiple businesses over his career. Common themes at every turn have included customer service, sales and marketing, and leadership and management.

He shares his lifetime of business experience and personal insights through his books to encourage, inspire, and occasionally entertain.

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Business

Digital Advertising is Being Clobbered by Traditional Media

By Peter Lyle DeHaan, PhD

“Digital Advertising is Being Clobbered by Traditional Media,” so reads the headline from TradingMarkets.com, PIworld.com, and others in summarizing research reported by Zussi Research in August 2010.

Author Peter Lyle DeHaan, PhD

The report notes that contrary to the hype surrounding online advertising, traditional advertising is perceived as more informative and necessary than online advertising.

Additionally, 69 percent feel that traditional advertising is relevant to them, versus only 45 percent for online. Interestingly, for the 25-34 year old demographic, the gap widens, with 81 percent feeling that traditional is relevant versus only 53 percent for online.

Furthermore, annoyance with online advertising is twice that of traditional advertising, with many online users irritated at the annoying tricks often used to grab attention.

These findings are something to keep in mind when planning your advertising mix for next year.

Read more in Peter Lyle DeHaan’s Sticky Series books, including Sticky Customer ServiceSticky Sales and Marketing, and Sticky Leadership and Management featuring his compelling story-driven insights and tips.

Peter Lyle DeHaan is an entrepreneur and businessman who has managed, owned, and started multiple businesses over his career. Common themes at every turn have included customer service, sales and marketing, and leadership and management.

He shares his lifetime of business experience and personal insights through his books to encourage, inspire, and occasionally entertain.

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Business

Don’t Miss the Economic Recovery

By Peter Lyle DeHaan, PhD

As our economy—both in the US and globally—begins to slowly emerge from recession, now is the ideal time to revisit your marketing strategies.

Author Peter Lyle DeHaan, PhD

For companies that scaled back their advertising expenditures during the downturn, it is advisable to ramp up marketing efforts as buyers ready themselves to make those purchases that have been on hold. Missing this window of opportunity opens the door for your competition to get your sales.

For those who were able to maintain their level of advertising, as is the recommended strategy, take a critical look at your ads.  Is it time to update them? Do they need a redesign or some new graphics? Should you make a fresh, innovative offer? If you’ve run the same ads for more than a year, the answer is likely yes.

Finishing this year with a strong advertising push will set the stage for a successful 2011.

Read more in Peter Lyle DeHaan’s Sticky Series books, including Sticky Customer ServiceSticky Sales and Marketing, and Sticky Leadership and Management featuring his compelling story-driven insights and tips.

Peter Lyle DeHaan is an entrepreneur and businessman who has managed, owned, and started multiple businesses over his career. Common themes at every turn have included customer service, sales and marketing, and leadership and management.

He shares his lifetime of business experience and personal insights through his books to encourage, inspire, and occasionally entertain.

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Business

The Benefits and Perils of Digital Publication

By Peter Lyle DeHaan, PhD

It seems that every other week there is a study extolling the virtues and desirability of digital publications. They make such claims as:

  • increased engagement (that is, more time spent with the issue),
  • greater appreciation for rich media (video, audio, slide shows, and so forth), and
  • improved esteem for the publication

While I don’t dispute findings such as these, their survey base can render any conclusions as errant. The problem is that surveys about digital publications involve talking with those who use digital publications.

These folks elected to go digital because they prefer that format, therefore they will view it favorably, just as the surveys prove.

However, ask these same digital-centric questions of print subscribers and the opposite findings will most assuredly result: decreased engagement, less appreciation (that is, irritation) with rich media, and lowered esteem for the publication.

Again, this follows naturally. Readers using print do so because they prefer it. In comparison to digital, print subscribers will most likely have:

  • increased engagement (more time spent with the issue),
  • greater appreciation for traditional print advertising, and
  • improved esteem for the publication

It all depends on who you ask as to the results you will obtain. If the majority of subscribers opt for print, don’t project the opinions of digital readers on the entire subscriber base. Doing so will result in wrong conclusions and bad strategic decisions.

Read more in Peter Lyle DeHaan’s Sticky Series books, including Sticky Customer ServiceSticky Sales and Marketing, and Sticky Leadership and Management featuring his compelling story-driven insights and tips.

Peter Lyle DeHaan is an entrepreneur and businessman who has managed, owned, and started multiple businesses over his career. Common themes at every turn have included customer service, sales and marketing, and leadership and management.

He shares his lifetime of business experience and personal insights through his books to encourage, inspire, and occasionally entertain.

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Business

Three Keys to Capitalize on Advertising’s Compound Interest

By Peter Lyle DeHaan, PhD

In his article, Advertising’s Compound Interest, Jim Gustafson discusses advertising effectiveness. He correctly states:

All advertising mediums can be effective when used properly and consistently. However, no advertising is worth the investment if you just shotgun it or try it a short time.

The Right Medium

The first key is to find the right medium; do not write off any option off. Just because it worked or didn’t work for someone else, has no bearing on whether or not it will work for you and in your circumstances. Consider everything; dismiss nothing.

Proper Use

Next is the proper use of advertising. If you want people to respond to your ad, give them a compelling reason to do so; be sure to include a call to action. If you produce a brand awareness ad, look for increased brand awareness, not for the phone to ring or for orders to be placed online.

Consistency

The third item is consistency. This is of paramount importance. Even if you find the right medium and develop the proper ad for your goals, it will have little effect if you use the “shotgun” approach to placing it. Running an ad one or two times — or in a smattering of places — will have little noticeable effect. You need to be consistently running your ads (the right ads in the right medium) if you expect anything to happen.

Conclusion

In conclusion, find the right ad medium, develop the proper ad with your goals in mind, and advertise consistently.

Just as interest in the bank compounds, so too can advertising — if it is done right.

Read more in Peter Lyle DeHaan’s Sticky Series books, including Sticky Customer ServiceSticky Sales and Marketing, and Sticky Leadership and Management featuring his compelling story-driven insights and tips.

Peter Lyle DeHaan is an entrepreneur and businessman who has managed, owned, and started multiple businesses over his career. Common themes at every turn have included customer service, sales and marketing, and leadership and management.

He shares his lifetime of business experience and personal insights through his books to encourage, inspire, and occasionally entertain.

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Business

Seven Benefits of Print Advertising

By Peter Lyle DeHaan, PhD

“Print is a display technology,” notes columnist Andrew Brenneman. “Ink on paper will endure well into the digital age.” He then lists seven reasons why, stating that Print is:

1. Physical: it has a tangible presence, working well for active and passive seekers

2. Portable: it can be easily moved; it is mobile

3. Transferable: it can be given from one person to the next; no login is required

4. A Reflected medium: light bounces off the page; it is not emitted, giving the optimal and referred reading experience

5. Self-contained: it requires no playback device, power, or plug-in

6. High-resolution: about 10 times the resolution as high-def video!

7. Variable form factor: print has variable sizes, allowing for much more content to be easily scanned

Although, online marketing may be getting all the hype, glitz, and attention these days, print marketing is a tested, valued, proven medium that will endure.

Make sure print serves as the foundation of your marketing mix.

Read more in Peter Lyle DeHaan’s Sticky Series books, including Sticky Customer ServiceSticky Sales and Marketing, and Sticky Leadership and Management featuring his compelling story-driven insights and tips.

Peter Lyle DeHaan is an entrepreneur and businessman who has managed, owned, and started multiple businesses over his career. Common themes at every turn have included customer service, sales and marketing, and leadership and management.

He shares his lifetime of business experience and personal insights through his books to encourage, inspire, and occasionally entertain.

Categories
Business

Fewer Magazines Means More Attention on Those That Remain

By Peter Lyle DeHaan, PhD

I am a voracious magazine reader. For years, I have had a stack of magazines awaiting my attention. Although I eventually read them, it may not be done quickly.

Lately, however, my backlog of unread magazines has been steadily diminishing. This is because some magazines have ceased publication, others have decreased their frequency of publication, and some have lowered their page counts. Therefore, I have less to read.

As a result, I now spend more time on the magazines I do receive. I read more articles, notice more ads, and more fully appreciate the value of these publications. I suspect others do as well.

As the magazine industry continues to right-size, the surviving publications are sure to receive more attention, garner greater esteem, and provide increased value to advertisers.

This means that your magazine ads are now more valuable than ever before.

Read more in Peter Lyle DeHaan’s Sticky Series books, including Sticky Customer ServiceSticky Sales and Marketing, and Sticky Leadership and Management featuring his compelling story-driven insights and tips.

Peter Lyle DeHaan is an entrepreneur and businessman who has managed, owned, and started multiple businesses over his career. Common themes at every turn have included customer service, sales and marketing, and leadership and management.

He shares his lifetime of business experience and personal insights through his books to encourage, inspire, and occasionally entertain.