Belden DOES have a sense of where market
research is headed in the years to come, but what we
really hope this issue of In The Know
accomplishes is to get reactions and feedback from
YOU that communicate us what you want to
understand about audiences in the near and longer
term.
Last month we touched on the myriad opportunities to
be responsive to our advertising clients. The
conversation surrounding that notion has been
positive. Heck, we're even in discussions with an
advertiser or two to capture pieces of that critical
information. We'd definitely call that "positive"!
But, what about strategic issues newspapers are or
should be thinking about and finding answers
to...what are those?
We can start the discussion, but PLEASE, chime back
in over the next few days with your thoughts and
suggestions regarding what researchers should be
researching. These thoughts will certainly guide
our thinking and we'll share them next month for all to
consider.
Where to begin?
Here's one - as an industry, we're beginning to get a
handle on visitors to our web sites (although, we're by
no means certain if we're monetizing that
understanding satisfactorily) but what about our local
audiences who are internet users and DO NOT
visit newspaper.com? Who are they? Why don't they
come to our site? Are they satisfied with the print
edition? Does our registration deter them? What
might motivate them to visit...then return again and
again and again?
Should this be a focus of research?
And, next, how do you react to these two issues?
- Branding.
- Loyalty.
Yeah, yeah, newspapers are a promotional,
direct response medium. We hear it all the time too.
But, is that all there is to our story? Can we
brand? Should we? Is that something we
should be researching?
Loyalty - from a reader and
advertiser standpoint. Would that bear looking in to?
We think so. A few organizations are beginning to
experiment with programs rewarding users for more
newspaper connectedness. What are we learning from
such a connection? What are the drivers? What
offers and types of rewards motivate which segments
of readers? This could be a very lucrative line of
inquiry.
And, the same thinking should apply to determining
what would make a more loyal advertiser. When 70%
or so of all retail display advertiser's are in our pages
3X or less in a year, why is that? What would keep
them in our pages more regularly? Is it a service
issue? Do they simply not run the right creative or is
there inadequate frequency? Which of the advertiser's
who are not in our pages at all should we focus on?
Of course, related to ALL these issues is the
mother lode: What should the "newspaper" of the
future look like to satisfy as many reader and
advertiser interests as possible?
Enough from our end - what do you think? What
additional issues warrant all of our considerable
collective thinking to attack, then solve? We're eager
to hear from anyone with an opinion, idea or notion,
with or without attribution. Just sound off soon and
often!
This discussion should be of vital interest to
everyone. Just as the newspaper industry is grappling
with many "next generation" issues, the same can be
said about the market research world. If we're not
anticipating the next, next thing and trying to quantify
or segment or understand it, how will we ever save our
customers from themselves? As valuable and insightful
as traditional audience metrics have been (especially
to those organizations who really execute with and
against such research insights) what measures will
apply tomorrow?
Somebody simplified it very well: If you always do
what you've always done, then you'll always get what
you've always gotten.
We don't know about other industries, but in the
newspaper space, we've yet to find a Publisher or
client who is even remotely satisfied with what he or
she has always gotten. Neither are we!!
Hint: whether you are conjuring up the types of
research newspapers should be deploying or products
to unveil or marketing platforms to launch, one word
which MUST figure in your planning is "utility." The
Publisher or researcher who creates and distributes a
product or service which customer's find incredibly
useful...which creates a slightly positive and
healthy addiction...which gets used again and again
and again, is the profitable Publisher or researcher of
tomorrow. So, make sure "utility" or "usefulness"
or "utilitarian" is a part your thinking.
If you add "fun" or "emotion" to the equation, then
you've somehow managed to locate the end of the
rainbow!