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newsagency marketing

Marketing tip: How to run a MY FAVOURITE MAGAZINE promotion

The range of magazines available in newsagencies is the one point of difference all newsagents in Australia share.  While there are other points of difference in individual newsagencies, magazine range is the one national point of difference.

Despite the challenges with the magazine distribution model, the migration of some print traffic to digital devices and other challenges around the print model I am confident that magazines will continue to play an important role in newsagency businesses for at least some years yet.  This is why I am always looking for and thinking about different ways to promote magazines in my newsagencies.

So, to my marketing tip for today, why not run a magazine focused shopper engagement promotion in your  newsagency…

MY FAVOURITE MAGAZINE

I see this as a very simple yet engaging in-store promotion.  It is unlike anything you would or could see in any other magazine outlet.  It is too customer engaging and too local to be of interest to supermarket, petrol and convenience outlets.

No, this promotion is designed for people who think about the magazines, people who have a relationship with the titles they purchase.

The idea is to engage with your shoppers about the magazines they like and through this to attract more shoppers to engage.  The subtle narrative I would hope for from such a promotion is: what a wonderful range of magazine titles there is in this newsagency and what a passionate group of regular and local shoppers who love these titles.  That has to be the goal for the more shoppers who realise the range and who connect with a regular visit the better.

Here is how I see a MY FAVOURITE MAGAZINE promotion.

  1. Set aside a fixed time for the promotion: two weeks, a month.  You decide and stick to this period.
  2. Before you start, review your magazine department, make sure that the layout is fresh and easy to navigate.  Also make sure that each section is anchored around a good strong title for that niche. your magazine department needs to sparkle!
  3. Find a space near the front of the newsagency for a whiteboard or a wall of paper on which you can post customer entries / notes.
  4. Headline the promotion space: MY FAVOURITE MAGAZINE and note some simple rules like:  Tell us your favourite magazine and let others share your passion.  You could a $50 worth of current issue magazines of your choice. Get your most creative team member to make this space look professional.
  5. Work out your own prize package.  While I’d recommend it be free current issue magazines, you choose the value, the frequency of the prizes and how many.
  6. Create a A5 entry form where they write: the title of their favourite magazine, some notes about why it is their favourite magazine and their name.  On the back have them put their phone number for contact purposes – maybe an email address to build your email database.
  7. Kick off the promotion with entries from every employee and their family members.  I think that a white board or a wall with notes already will look more interesting.
  8. Let the local newspaper know.  It could be a photo opportunity for them.
  9. Get your team to hand entries to every shopper … drive engagement from the counter out. This is not something o do just once, do it through the week to engage with difference shoppers you see.
  10. Offer pens for shoppers to fill the entries in then and there at the counter.  Encourage this with your team.
  11. Send entry forms out with you customer accounts, with a note explaining the competition.
  12. Keep a running total of the top five magazines by popularity of entries.  maybe augment this with a list of the top five selling titles.  This is where a white board can help as you can change it daily – butcher’s paper is just as good.
  13. Encourage your team to hand out entry forms to browsers, yes even those who browse and never purchase. Who knows, getting out onto the shop floor and into the magazine department may lead to engagement which drives purchases.

That’s pretty much it.  As I said, this is a simple and local campaign designed to show off an important point of difference between your newsagency and other non-newsagency magazine outlets nearby.

I have not run this promotion as described.  It’s only something I have thought about in this format this week. I have run promotions where customers vote and others where we focus on top sellers in categories – but nothing like this where customer opinion and feedback for the magazine titles about which they are passionate is so vital.

If you try this marketing tip please share with us your experiences.  Also, let your magazine distributors and key publishers know.

Magazines are vitally important to the newsagency channel.  The value we harvest is up to us.  Local engagement around our point of difference is vital over the next couple of years.

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Newspower takes a stand

Greg Talbot, National Manager of Newspower, the largest newsagency marketing group in Australia, wrote to Newspower members last week expressing concern at reports of claims being made to Newspower members to get them to switch to another marketing group:

The claims of being able to offer massive increases on sales and profits are not supported by fact or substantiated by documentation.

Newsagents are doing it tough enough without having to deal with this type of rubbish and our industry would do well to reject, expose and remove those who say and do anything to achieve their end. Unfortunately, there have been too many examples of this type of behaviour in our industry over the years and too often, hard-working newsagents have been left to carry the financial burden of their lies and deceit.

newsXpress, the newsagency marketing group of which I am a Director, shares Greg’s concerns.  We, too, have heard of wild claims of massive profits and of offers of cash inducements to newsagents if they switch marketing groups and card companies.  We have heard that the promises are not put in writing and the obligations on newsagents if they do switch are not fully explained.

newsXpress and Newspower make it easy for newsagents to switch to another group because neither requires newsagents to sign a contract binding them to the group for five years. This easy get out holds newsXpress and Newspower more accountable to their members.

A locked in contract suggests, to me, that the group does not back their claims with action and thereby needs a contract to maintain numbers.

Aggressive marketing and cash inducements can divert newsagents from asking tough questions and wanting the claims documented.

A bag of cash today will do little to add value to your business when it comes time to sell.  Newsagents are better off engaging with their marketing group, adding value, increasing profit and reaping the rewards through better goodwill when it comes time to sell.

We saw this last year with a series of good sales for newsXpress members in Queensland.

Last year, I co-wrote How to Choose a Newsagency Marketing Group.  The advice in this document is good for any newsagent considering joining a marketing group.  It is fair and not aimed at directing newsagents to any one group.  Newsagents reading this document would be well prepared for the triple punch from the marketing group targeting newsagents at the moment ad documented in the Newspower letter.

There are two marketing groups in the newsagency channel which lock newsagents in for five years: Nextra and The Lucky Charm.   Five years is a long time to be bound to a group if you are not happy.

The last time I saw this heavy-handed type of marketing to newsagents, it was being undertaken by Bill Express.  Two of the people involved then are involved in promoting one of the marketing groups today.

Newsagents should be suspicious of high-pressure heavy handed marketing where claims and promises are not put in writing.  They should be on alert when the marketing pitch for a marketing group, or any supplier for that matter, is more about attacking the competition than pitching and documenting their offer.  The lack of documentation around the Bill Express claims made it challenging for many when newsagents wanted to get out.

Click here for a copy of Greg Talbot’s letter.  I have his permission to make it available through this blog.

Ultimately, newsagents have to make their own choices.  There is no rush.  Take your time.  Shop around.  Start by working out what you want from your newsagency.  Talk to other newsagents and decide what is right for you and your business today and for when you decide to sell.

I can be reached on 0418 321 338 if anyone wants to discuss this or any other post.

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Newsagency challenges