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June 2005
Awash in Opportunities
In conversations and conferences and interactions
over the past few months, it seems as if the BIGGEST
challenge our newspaper industry faces is prioritizing
opportunities in a way that will yield the most return.
Not necessarily an easy thing to do when so much
seems so promising.
Consider:
- The fascinating "Shadow Newspaper"
experience conducted by the Minneapolis Star
Tribune. By redesigning the front page of the
paper to enhance experiential elements with the
younger reader in mind, Anders Gyllenhaal and his team
created a look, which was preferred by over a two-to-
one margin. How to integrate those findings - and the
team which accomplished them - with a traditional
newsroom designing a new look to be unveiled in the
fall will be difficult, but an exciting key to their
future.
[Note: any product that creates richer experiences is
going to cut across ALL audience segments, not just
the young!]
[Note redux: a more interesting, engaging, relevant
and compelling paper DOES not compromise any of the
principles newspapers strive to uphold; rather, it
advances them!]
- The very interesting and promising Yellow
Advantage program Morris Newspapers is deploying
across their organization. Converting yellow pages
dollars in to our pages has been an opportunity for
ages, yet this seems to really work.
[Note: in an age with increasing demand and dazzling
ROI for those with universal databases, the Yellow
Pages are a prime target!]
- Speaking of databases. Several
newspapers are developing consumer and advertising
tools to segment, prioritize, realign and appropriately
allocate resources to better serve both. From our
point of view, the possible missing link is to be sure
these databases are connected to the newsroom!
- One of those databases is the registration
information many are collecting via their web sites.
This will become increasingly important. Not only
because of financial consequences, but because
understanding web activity, the connection to print
and niche products and how all interact and reach
audiences will pave the way to a robust future.
[Note: unless you are prepared to provide value, which
connects to the registration data you capture, don't
do so YET. Conduct pop - up surveys to learn more
about your web site visitor!]
- Perhaps most exciting are the embryonic
steps a few are taking to harness the internet to
create more emotionally connected, informed and loyal
audiences. That's the most important word you've
read - EMOTION. It will either be our undoing or
salvation. Engagement, involvement, loyalty,
connection, emotion - no matter how you say it, much
of our focus needs to be learning how to strengthen
the ties we have...to make sure we are the most
relevant news, information and advertising resource in
the future.
- Part of the increased emphasis on our
reader and advertiser relationship will be to better
manage all interactive touch points. Not just between
the evolving newspaper, but also between the
different audiences any newspaper serves. We'll want
to be a facilitator or conduit fueling that interactivity.
It is refreshing to see a few are headed in that
direction! Either in proposals we've responded to or in
actual engagements, papers are trying to better grasp
things like - was the private party placement
experience delightful and did the item sell?
How long did it take? Was the vacation start/stop
internet interface functional or frustrating? How did
(or didn't) the sales rep influence the advertising
decision and how could that be improved? Was the
interview conducted professionally, with complete
sensitivity to the source feelings?
Bottom line? Getting to the point where ALL
customers LIKE doing business with us and want to do
so again!!?
So, which is it? Design, databases, internet, niche
products, registration, customer service? The
unfortunate reality is that it is all these and more. In
some cases, market characteristics will add to the
list. How to grapple with all, without the benefit of
added resources (in most cases) will be trying to say
the least. Two things must happen:
- More than just multiple internal "task
forces" or Management Committees will have to get
behind the prioritized strategic initiatives. Each will
take an enterprise wide understanding and
commitment. There will have to be alignment amongst
moving parts that have not historically meshed in the
past. And, sooner or later (and this will take
time) there must be buy in (complete, utter
conviction) across the enterprise that each initiative
will provide eventual across-the-company
benefits.
- Organizations will have to STOP doing
things they are presently doing. Conceptually very
simple, but culturally enormously difficult, and our
reality! Things like high churn telemarketing starts...
sending out inadequately trained sales forces...product
design based upon our needs rather than customer
needs...hiring practices that don't recruit the best and
brightest from ANY field...not recognizing that
everything and everyone within our organizations
impacts the image and relationship our audiences have
with us and, we'll have to stop tolerating uncommitted
collegues in any department
We should be headed towards - - a fun filled, robust
future led by visionary leaders, passionate, committed
and imaginative cultures, charting the newspaper
course towards a financially rich new golden age?
Despite the fact there are a host of challenges to
overcome, that's the direction Belden Associates and
our clients are headed, so let's enjoy the journey!!
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