New print publishing trends and innovative marketing options offer good news for AccuList’s many business periodical clients seeking to boost subscribers and advertising.
Printed Business Magazines Are Alive & Well in the Digital Age
The growth of digital readership has not doomed all printed periodicals to declining circulation and revenues, as some predicted. In fact, a recent What’s New in Publishing article cites multiple ways print magazines are adapting for growth. For example, publishers are focusing on niche audiences willing to pay more for a higher grade product and cutting down on frequency. Consider the Harvard Business Review: It grew its subscriber base 10% by reducing print frequency from 10 issues to 6 a year and using smart positioning, creative new digital benefits, and heavier investment in the quality of the six print issues to increase audience appeal. Printed information is also seen as more reliable by readers and advertisers, according to research, creating a “halo effect” for business publishers with a print edition. “The good news for printed business magazines is that their credibility has a halo effect on their websites, too, which gives them a competitive advantage over digital-only competitors. People may be buying fewer magazines, but they still associate them with quality and reliability,” explains the publishing industry’s Dead Tree Edition blog. Plus, despite fears that younger business readers were turning mainly to digital sources and social media for information, publishers can take advantage of continued print readership popularity. For example, the Association of Magazine Media’s “Magazine Media Factbook 2018-2019″ shows that, in the United States, “the top 25 print magazines reach more adults and teens than the top 25 prime time shows.”
Business Publishers Can Leverage New Marketing Trends
New print technologies and a revival of traditional marketing tools offer business periodicals options for boosting audience and advertiser appeal. A recent article from media agency Mediaspace Solutions cites some ideas that publishers can leverage. With the digital space crowded, noisy and less trusted by potential readers, direct mail campaigns have increased in effectiveness, the post notes. Plus, many publishers have returned to sending printed newsletters to subscribers. Print technologies (QR codes, augmented reality, etc.) are not only tools for better direct mail response but also a way to attract print advertisers by boosting print advertising effectiveness, the post points out. For example, augmented print uses an application that stacks digital content over a print ad so that when the print ad is scanned by a smartphone, a new digital ad springs to life. Personalization is a must in today’s marketing, and business publishers can combine list segmentation and targeting with variable data printing to personalize direct mail campaigns for audience building. Plus, subscriber list segmentation can be offered to print advertisers to help them craft more targeted messages. For more ideas, see the Mediaspace Solutions post.