Advertisements: Creating
off-the-page promotions; Coupons: how a simple change can lift revenue by 43%; Testing
vs tweaking: how clever marketers lift profitability; Career quiz: are you a
publisher, marketer or business person? Advertisements: why you don’t see
publishers advertising; Mass mailings: creating a more responsive promotion; Case
studies: Windsor Products; Your Talking Cat; Master Your Computer in Just 2
Hours; Vinegar, Honey & Garlic—nature’s secret weapons; AARP
Dear
Colleague,
You can
only reach as far as your ambitions will let you.
Ambition
dictates all kinds of professional success. If you want to rise high you must
have an ambitious agenda.
The first
step is to decide what you are and where you want to end up: are you primarily
a publisher, marketer or business person? There are big differences. You can be
a good publisher, for example, but know little about marketing or how to run a
business.
To find
out, answer two questions. You’ll find them useful to discover if you are ready
to run a business. If you like the idea of being a director or owner of a
company then get your pen ready because an able business person or marketer
will get the answers right away.
The quiz
isn’t compulsory. I am just using the questions as a way to introduce our
article on how to sell products through advertising in the national press.
Although it’s a simple quiz it strikes at the heart of our trade, so the
answers deserve a bit of thought.
Which of
the following is the most, and which is the least, important? Please tick the
one you regard as most important, then put a cross against the least important:
1. A good product
2. Good ad copy
3. Good media buying
4. Low operating costs
5. Detailed analysis of sales data
The
answers are in this issue.
Selling products through
advertisements
You will
find the answers to the questions below in the interview with John Whalley,
managing director of Windsor Products. Windsor sells through advertising in the
national press. As you read on, you’ll pick up some great lessons from how it
does business:
1. How to increase revenue by up to 43%
without incurring any extra promotional costs
2. Ways to turn a loss-making advertisement
into profit
3. The importance of copywriting, cost
control and analysis: why your product takes fifth place to other more
important factors
So there
is the answer to the second part of the question: your product is least
important and there should be a cross against it. You’ll find a comprehensive
answer to the first part of the question below. It reveals:
Publishing
is a business like any other. We may have a passion for distributing the
written word, but unless we have sound commercial instincts we can forget about
ever running a successful company
Selling
publications off the page is a really tough job and few can do it. You rarely
see any publishers running ads today, certainly not mainstream ones
Good
luck!
Peter
Hobday
Editor
Members-only section Subscriptions Strategy issue 65 >>>