Entries by Darren Stevens

The end of an era

It was with more than a little sadness we heard on Wednesday of the decision to stop publishing The Gloucestershire Echo and Gloucester Citizen as daily newspapers and instead to publish them as a weekly paper. Now to put this into context I am of a generation that I still recall as a child rushing down to the Post Office in Churchdown to buy my copy of the now long gone “Pink Un” to catch that day’s football results. So to me at least this does feel like something of an end of an era.

The decision will not have come as a huge surprise to many. In many areas, local newspapers have had to make this switch quite a number of years ago. Indeed it is testament to the quality of the Echo and Citizen product that they have been able to last as long as they have. So what has led to this decision? The single biggest factor has been the explosion of mobile devices and use of social media and consumption of news through this channel. There is a touch of irony that the success of www.gloucestershirelive.co.uk and @GlosLiveOnline with its 18.1k followers will have hastened this move. I cannot have been the only person receiving it through my letterbox, to feel that I have pretty much read all the stories by the time I get my copy. The papers home delivery service will also cease at the same time.

I would like to pay homage though to the way the announcement was made which seemed pretty much a textbook case of a well co-ordinated exercise of this nature, that focussed strongly on the positives as the Group saw them.

The decline is circulation of newspapers has seen a corresponding fall in revenues. Whilst this has been compensated to some extent by diversification into digital offerings, it hasn’t fully. Research by Enders Analysis, the media research firm has shown that for every £154 in print revenue lost, newspapers only gained £5 on the digital side. The same research organisation predicts that from the heady heights of 2011 national newspaper advertising revenues will fall from £1.5 billion to £533 million by 2019.

It is not just a decline in readers though that has prompted advertisers to move their advertising spend. For some years now businesses have been increasingly wanting to be able to prove the worth of every pound of marketing spend (often referred to as Return on Investment). Digital forms of marketing have a huge advantage in this regard and are not reliant on the human error involved in tracking offline marketing. Thanks to tools like Google Analytics and goal setting, firms can measure the number of people driven to their website by online activity, the extent of engagement with the site and actions taken.

So when is this all happening and what will the new product look like? The last daily editions of The Gloucestershire Echo and Gloucester Citizen will come out on Saturday 7th October. Probably a good one to advertise in as the circulation is likely to be much higher than normal as people buy the last copy for posterity. The edition is also likely to be kept by some and is bound to find its way into time capsules all over the county. The first weekly edition of both papers is due to come out on Thursday 12th October. Predicted print runs of each of the new weeklies are a minimum of 12,500 each for The Citizen and the Gloucestershire Echo (this compares with 7,000 each day for the Citizen and just under 7,000 for the Echo). The combined readership is predicted to be 31,000.

The new weekly papers will have 86 pages, plus a 64 page Property Supplement, 20 page Motors section and a Business Section. There will also continue to be a GL Weekend Magazine of some 64 pages. The weekly will adopt a campaigning and community stance, as key daily news will be featured on www.gloucestershirelive.co.uk . Early indications are that the increased print run and anticipated increase in readership will lead to price increases compared with those currently paid for the same size advert in each title. How will businesses react to this? It remains to be seen, but some will undoubtedly adopt a “wait and see approach” to see how the titles perform against predictions. Certain day of the week sensitive ads may go elsewhere and for certain crowded categories the fact that their adverts are guaranteed to clash with those of their competitors will be less welcome.

To coincide with the move to weekly, Trinity Mirror is looking to put more emphasis on its own digital marketing product range and the group are holding two breakfast events in the county this week. This will not be easy though, as this market is already relatively crowded with a wide range of providers.

We wish Trinity Mirror all the best with the new weekly titles, as we consider press still to have a part to play in many firms marketing calendars, albeit a reduced part. Hopefully whilst this is the end of one era, it will be the beginning of another.

Darren Stevens – Managing Director – Prestbury Marketing

Research shows that the average person sees 5,000 advertising messages a day (compared with 2,000 a day 30 years ago). If you need help with deciding where your marketing should go, then speak to us.

What to do when Marketing goes wrong ……

In the ideal world, everything you ever do on the Marketing front will be a rip roaring success. But from time to time things can go wrong for even the best marketers – but then is the time for a calm head and to ask yourself some questions (or ask somebody like us), to help identify what went wrong and how you can improve things in the future.

Here are our 10 top questions to ask yourself, if you find yourself in the situation where marketing has either failed or not lived up to your expectations.

1. Did it really fail? This might seem a daft question but how reliable are your measures for determining the success or otherwise of your marketing? When new enquiries come in or new customers approach you, how rigorous are you at finding out what prompted them to contact you and is this recorded and analysed (not just for this one campaign, but compared with the previous month and the same month the year before). Are you examining the other indicators that might highlight the impact of marketing – an increase in web traffic, an increase in calls or footfall?

2. Was the market there? If your marketing happens to coincide with what is seasonably a poor time or an “event” that might suppress response, then it may not be the marketing tactic that you deployed that was at fault. For many businesses for example, August can be a difficult time to market because so many people are on holiday. If you are marketing to the general public the weather or even clashing with a major sporting event can have an adverse impact.

3. Were your expectations reasonable? This can be one of the most common reasons for marketing to have deemed to have failed. If your gauge or measure for success is beyond what you might reasonably expect, then you are almost doomed to fail. Look back at previous marketing to see whether your expectations are reasonable, ask somebody (not a competitor) what their experience is of using the same form of marketing or get a marketing experts view.

4. Was there a sufficiently strong call to action? For Marketing to work it must take the audience through the four steps of AIDA. You must get their attention, spark their interest, create a desire and get them to take action. Critically self examine your marketing to see whether there is something in it to take a person through these stages – is there a “why now” element that means people won’t put off the decision to another day.

5. Was there sufficient repetition or reinforcement? It can be very rare for a one off isolated form of marketing to work on its own. Put yourself in the place of your customer if they have never heard of you before, it is quite a tough task to create awareness, build trust and persuade the customer they want what you have to offer, all in one go. This is why larger businesses will model and evaluate the number of times somebody needs to see an advert to respond, so that they can buy their media more effectively. Ask yourself could/should your campaign be multi-stage i.e. direct mail, email, call or should it be integrated i.e. press/radio, online, social media and PR.

6. Was the marketing method wrong? Do you really have a very clearly defined view of who your target customer is and is the marketing method a good fit for this audience? Somebody targeting young female consumers would choose a very different form of marketing to somebody targeting say, recently retired. When you are buying media do not disclose details of your target audience, but do ask the sales person to describe or outline their audience so that you can then compare it with your profile.

7. Was your Marketing affected by competitor activity? So for example if you run an advert in a publication or on a website where there are 2 or 3 competitors advertising at the time – this will divide response. You will be particularly badly affected if somebody has a much bigger presence or is running a better offer. Equally though don’t fall for the sales trick of “you will be the only business of your kind in the publication” (an easy promise for some to make and begs the question why).

8. Is all lost? If you have had enquiries but they have not turned into business, might there be any residual value in these? Depending on the industry concerned it can be surprising how great a proportion of people that make an enquiry but then do not go on to make a purchase (even with somebody else). If this was a big campaign consider surveying those that enquired but who did not go on to buy, to seek their views.

9. The “but it has always worked before” syndrome. If you are still using the same forms of marketing that you were say, three years ago, then you may be missing a trick. There has been a major shift in marketing spend for example from more traditional methods to digital ones. The traditional methods still have their place but maybe the time is right to re-evaluate the methods you are using and the split of your spend. Fortunately with many of the alternatives available they can be relatively inexpensive to “dip your toe in the water” and can also be highly measurable.

10. Would expert help be of any benefit? Because we all consume marketing on a day to day basis it can be all too easy to form a view on a form of marketing – what we like to call a “focus group of one” (which is something you would not be advised to run). Sometimes an external expert can view things in a way that it would not be possible for somebody who is either not a marketing expert or tainted by being on the inside. If any of the points in this blog have made you think, then imagine how this kind of insight might feel if it were tailored to your business and industry. This is one of the reasons we find our Marketing Audits to be so popular.

Hopefully we have given you some food for thought in this blog. Overall we would say don’t get down because of failure, use it as a springboard to reflect on it and look for ways to improve your marketing in the future. Of course if you come to the conclusion that you might need our help, then we would be delighted to hear from you.

 

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