It's budget time in many organizations, so NOW is the
perfect time to plant what we hope ends up being very
fertile research seeds which just happen to have the
incredibly short germination cycle.
The sense of urgency is twofold:
- Some of the issues we'll mention have been on the
minds (and, even asked about) of our advertising
clients for ages.
- We're running out of time!
CAVEAT: Whether these are tempting research
subjects or not, now truly IS the time to act. As
much as it pains us to say so, we'd MUCH RATHER see
our clients and the industry TAKE STEPS or ROLL OUT
NEW or REACT IMMEDIATELY or JUST DO SOMETHING,
than conduct time consuming research and neglect to
act upon the findings.
It has been almost two years since we sat down with
several advertiser's and asked them this: "Since you
see more newspaper presentations than anyone, what
ELSE would you like to see addressed from a research
standpoint?"
The range of responses is very interesting. Things
like...
...research that proves the value of frequency.
...better broadcast comparisons.
...Real ROI research that compels.
...Readership vs. GRP's.
...day of week.
...ad size, shape, color, position, above or below the
fold, online vs. offline.
...section readership.
...this includes preprint readership and pass-along and
shelf life and whether or not preprints are a customer
retention or acquisition tool? There are
a whole host of measures connected to this subject
that warrant exploration.
...including TMC readership. How often does the TMC
product actually get read? How does that segment
and compare to the subscriber household? Does
editorial content truly make a difference? Is carrier or
mail distribution preferable?
...of course, the key comparison here is to Direct Mail.
Which do the consumers prefer? And, if different
consumers prefer different vehicles for different
products and/or services, which works best?
...what are the differences between the subscriber
and the single copy buyer?
...can the right ad content convert the passive
reader to an active shopper? Prove it.
I can hear the grumbling already. Get over it. If we
don't begin to answer these very legitimate questions,
care to guess who will answer them for us?
In the most favorable case scenario, those same good
advertising clients will begin to conduct bits and pieces
of this research themselves. This will give them even
more reason to question the findings the industry
presents unless they dovetail closely with their own
proprietary inquiry. They have relied on us to arm
them with key research findings, why would we give
them one more reason NOT to contact us for help?
Just about every VP of Advertising or Ad Director
strives to build a more "consultative" staff...one that
serves as councilor and media advisor. But, if clients
routinely for information and we say "no" how long will
they rely upon us?
Even worse, our competitors will conduct research
against all these issues and paint OUR story in their
own biased way. Oh, that's right what, this is
already happening!
Advo talks about the 'value gap' in newspaper
advertising. This is their way of highlighting our
steadily increasing rates and declining circulation.
They go on to point out to their highly trained and well
commissioned and technologically adept sales force
that in most retail categories, NEWSPAPERS are the
dominant ad medium. So, guess where nearly all their
focus is?
If we don't begin to provide answers to all these
questions (and what about upcoming challenges our
clients are just now encountering...) our value
proposition will be framed by those who might not care
quite as much about our future as those within this
industry. We're cannot stand-by and let that
happen.
Now, as much as we'd like to believe this newsletter
will inspire a trusted client or motivate a just-looking-
for-a-reason-to-say-"yes"-prospect to call (our
switchboard is open!) seeking a new engagement, that
has yet to happen. However, we DO have a
suggestion or two that won't cost a thing.
-
ACKNOWLEDGE that newspapers are the world's best
direct response medium and act like it. Yes, we CAN
brand too, but our forte is to publish information which
causes readers to act. Let's build on that strength!
- BETTER CREATIVE. What percent of your local
display customer based do you retain annually? Most
major markets typically lose 60 - 70% of their local
customer base annually. We call this advertiser
retention! We'd keep 'em happier IF service
improved and we published better creative (we CAN
help with both!) and,
- Convince advertisers to run with MORE
FREQUENCY. It really IS content, but content with
enough frequency to work! To get the
required frequency (yes, a subject to be researched,
but we all know in our bones this is true) we might
have to look long and hard at our rates are structure
or our distribution patterns and mechanisms, but we
must find a way.
So, if management questions the requested research
investment during this budget cycle, be sure to point
out all the easy, inexpensive fixes that should be used
to fund additional research which our advertising
clients desperately need. It should be NEWSPAPERS
who provide it...no one else!