Our contacts note that some catalogs are cozying up to magazines more than ever.
For example, a toy seller is binding a mini-catalog into a children's magazine, and L.L. Bean seems to be buying more print ads than ever. Magazines struggling to get ad pages (and which ones aren't these days) and catalogs wrestling with high prospecting costs: take note.
Consider the Bean example. It typically buys full-page ads for a single product, often with an invitation to request a free catalog. The traditional cataloguer's view is that magazine ad pages lack precise targeting and have a low response rate. So why does Bean, reportedly one of the most marketing-savvy multichannel merchants, keep running ads in national magazines?
The Bean folks know the metric that matters is cost per response, not response rate. A typical lightweight catalog (the kind that got slammed with postal rate increases of 20% or even more last year) probably costs about 40 cents per piece. An ad in a national magazine probably costs roughly 4 cents per copy ($40 cpm) these days. That means that a response rate on the magazine ad of only 0.5% is equivalent to a 5% response on a lightweight catalog.
Advertisers want to know which media have "engaged," responsive audiences but often have trouble tracking that. Bean has done it for them: You can bet that Bean tracks responses closely by medium, so any magazine that gets its repeat business must have a responsive audience.
My employer's advertising and marketing people would tell you that I don't understand advertising. But I've got one up on them and the rest of the magazine industry: The last time I checked, two mohels were running ads next to one of my Oct. 23 posts. Don't recall seeing that in People, Cosmo, or the other biggies.
Maybe I should contact one of those mohels to help me with budget reductions. They're probably much better than our bean counters at making cuts without damaging essential items.
Insights on publishing, postal issues, paper, and printing from a U.S. magazine industry insider.
Showing posts with label mohel. Show all posts
Showing posts with label mohel. Show all posts
Saturday, October 25, 2008
Thursday, October 23, 2008
Call a mohel, this baby's growing!
At just 8 days old (thus the reference to a mohel -- it's Hebrew, look it up), this baby already passed 3,000 visits.
Thanks for the encouraging words, the gossip and tips (need more of those), and for spreading the word to friends and colleagues. I hope not just to write but to stir up conversations that help us all navigate these trying times. I welcome comments, criticism, suggestions, insights, and even guest postings. Feel free to "talk to the Tree" at dead.tree.edition@gmail.com
This truly is a labor of love intended to help this industry I love. Yeah, there are a few ads on the site, but they are mostly so I can occasionally splurge on a Starbucks double mocha latte like the office’s Web genius is always drinking instead of swilling the free crapola from my employer’s coffeepot. Besides, this old ink-on-paper dinosaur is fascinated by an ad model (Google AdSense) where the words “competitive separation”, “ratebase,” and “makegood” are never uttered. And I actually learned something from clicking on one of the ads. (Hint, hint . . .)
Anyway, shoutouts (Hey, if I'm going to do this Web thing, I occasionally have to talk like a Gen-Y) to the Web sites that have featured our posts, including PostalNews, PostalMag, Forestweb (a paid-subscription site), PostCom, and Postal Affairs Blog.
And be careful with that knife, rabbi!
Thanks for the encouraging words, the gossip and tips (need more of those), and for spreading the word to friends and colleagues. I hope not just to write but to stir up conversations that help us all navigate these trying times. I welcome comments, criticism, suggestions, insights, and even guest postings. Feel free to "talk to the Tree" at dead.tree.edition@gmail.com
This truly is a labor of love intended to help this industry I love. Yeah, there are a few ads on the site, but they are mostly so I can occasionally splurge on a Starbucks double mocha latte like the office’s Web genius is always drinking instead of swilling the free crapola from my employer’s coffeepot. Besides, this old ink-on-paper dinosaur is fascinated by an ad model (Google AdSense) where the words “competitive separation”, “ratebase,” and “makegood” are never uttered. And I actually learned something from clicking on one of the ads. (Hint, hint . . .)
Anyway, shoutouts (Hey, if I'm going to do this Web thing, I occasionally have to talk like a Gen-Y) to the Web sites that have featured our posts, including PostalNews, PostalMag, Forestweb (a paid-subscription site), PostCom, and Postal Affairs Blog.
And be careful with that knife, rabbi!
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