Press
More brands receiving promo to sweeten ad deals
March 28, 2011 – Offering promo pages to advertisers is becoming a major differentiator for magazines. Last year, promo ads in MPA member magazines jumped 34%, with a 9% increase in promo pages. As unpaid space, promo can sweeten existing partnerships or even attract new buyers. Given its widespread growth, however, it may go from being a bonus to a requirement.
25% more brands received promo in 2010 than in 2009. The boom extends across a variety of ad categories: the number of baby and children brands receiving promo more than doubled, from 18 brands in 2009 to 45 brands in 2010. Promo pages, labeled as advertisements, are in many cases formatted to resemble editorial content. Words like “perfect pieces,” “favorites,” and “essentials” tend to hover above the ads.
As more brands receive promo, more magazines are adopting the practice in order to remain competitive. 14 more MPA member magazines ran promo in 2010 than in 2009.
About MagazineRadar
MagazineRadar is an ad sales information service monitoring advertising in over 3,000 print magazines.
Webinar Now Available
January 30, 2011 – The first webinar in our series, “Setting the Stage for Success,” is available for
viewing and downloading online. Learn the best ways of preparing for first calls with sales expert Jenae Rubin.
To watch the webinar, scroll to the bottom of the page at:
http://www.magazineadvertisingsales.com/MagazineRadar.htm
|
Contact: Amary Wiggin
|
FOR IMMEDIATE RELEASE
|
|
Work Phone: (646) 652-7000 ext. 733
|
|
Email:
|
Webinar Series Helps Magazines Pitch New Brands
January 10, 2011 – The 80/20 rule of advertising has flown out the window in recent
years. As more revenue comes from smaller advertisers, sales reps at all experience
levels are in search of fresh tactics for landing new accounts. The pressures mount
as advertisers expect magazines to assert – and sometimes defend – the power of
print.
To address these challenges, MagazineRadar has teamed up with two leaders of the
sales world to host a free online educational series on best practices for wooing
new advertisers. The series begins on January 27, and will offer four webinars through
May 10.
“Desire to buy follows trust,” says Jenae Rubin, founder of Sales Powerhouse, Inc.
Rubin will teach two of the webinars in the series, focusing on how to target the
right prospects and ensure that first calls are productive. Her first webinar, “Setting
the Stage for Success,” kicks off the series, and her second, scheduled for April
6, offers tips on “Successful First Calls.”
Lou Ann Sabatier, principal of Sabatier Consulting, will teach participants how
to strengthen their pitches once they’ve identified their top prospects. Like Rubin,
Sabatier has hands-on experience selling ads at all levels of publishing. Her firm
advises media clients on maximizing profitability. Sabatier will teach the webinars
“Selling Smart with Research and Data” (March 8) and “The Power of Yes: Overcoming
Objections” (May 10).
The free webinar series is open to all sales reps and publishers.
To register, visit www.magazineadvertisingsales.com/MagazineRadar.html, or contact
Amary Wiggin at:
MagazineRadar
(646) 652-7000 ext. 733
|
Contact: Amary Wiggin
|
FOR IMMEDIATE RELEASE
|
|
Work Phone: (646) 652-7000 ext. 733
|
|
Email:
|
(You Can Keep the Commission)
January 3, 2011 – Sales teams at magazines draw on many sources, often in a panic,
to research and write their sales pitches. But what if a computer algorithm could
save them the trouble? Today, MagazineRadar announces the launch of Perfect Pitch,
an innovative web service that uses information on a brand to outline a sales pitch
customized to the user’s magazine.
Users of the product enter the name of a brand to find out when to pitch, what to
offer, and even how much to charge. The pitch is based on the brand’s buying patterns
over a given time period, allowing users to build a case for advertising that’s
buttressed by competitive data.
The approach of Perfect Pitch comes from years of running focus groups with sales
executives at magazines. In its research, MagazineRadar asked them what kinds of
data they wanted at their fingertips. “The idea here was to anticipate objections,”
says Todd Krizelman, CEO of the company. For example, Perfect Pitch tells users
the brand’s average positioning, meaning how near the front of the magazine its
ads usually appear. Knowing average positioning allows sales reps to offer something
better.
Will Perfect Pitch make sales reps obsolete?
Krizelman doesn’t think so. “The point is to save people time,” he said, adding,
“You still have to do the selling.”
Perfect Pitch comes free with a subscription to MagazineRadar.