PRINT ADVERTISING
Print is one
very powerful advertising medium, and depending on exactly what form of print you
use, it can be both very effective and very expensive. The reason for one
is the other. Since it is so effective when utilized properly, publishers
know just how valuable their an ad in their newspaper or magazine is, and they
want to make all the money they can.
Unlike
a radio or television advertisement, print has the added value of what is called
"pass along" or "pass through" potential. If you
happen to miss a TV or radio advertisement, that's it. There's no chance
to "catch it again" unless it is re-broadcast and paid for again by
the advertiser.
However, in newspapers, and even more
so in magazines, that ad may be seen and read by several people since usually,
more than one person reads a single issue of a magazine. With newspapers,
the pass through value is up to as much as three readers. In magazines,
the number can be as high as six to eight different readers! So your ad,
if it's a good one, gives you a lot of ""bang for the
buck".
Think about it. In a doctor's office you
might have a variety of magazines left out for patients to read while awaiting
their time with the physician. In that case, you could have as dozens of people
seeing that one ad you placed for many months after you've placed it. Just
recently I responded to an ad in a magazine in my doctor's office. It was
an issue from 1997, and to my amazement the 800 number still worked!
Does
this assure you that your advertising in published print will be cost -effective
or even profitable? Absolutely not. As I've said over and over again,
there is no lazy way to do this. If you haphazardly spend your money on
print advertising, I will give you a less than 10% chance of breaking even on
that ad. You must use common sense, along with accurate and relevant data, and
start your testing from there.
I very recently saw a full page ad
in Star Trek Magazine, a very expensive magazine that certainly caters to
a very diversified, yet niche audience. It was the first I ever noticed in
there that was not selling some kind of Star Trek or science fiction memorabilia
or other such product. In fact, I think it was for a book or series of tapes to
help people overcome their shyness about speaking with others in public
situations-something the vast majority of us do with no problem every day.
I cannot imagine in my wildest dreams that this ad, which cost tens of thousands
of dollars, generated more than a few dozen sales, if even.
STAR
TREK MAGAZINE?
Yet I can see how on an impulse, some advertising
account executive (who was probably a Star Trek fan himself) would present this
medium as a great market to test this particular product in. He/she
probably read somewhere that many people who are normally socially inept, or
even timid, manage to project entirely different image when they are in the
company of others who are fans of that TV series. Maybe there was even a
formal study that showed that something like 8% of the Star Trek viewers
considered themselves ineffective in social situations. Would I spend big bucks
on an ad to reach those people? Not with the demographic data I got from
Star Trek magazine. I don't care if the pass-along rate is 8 to 10
readers, it's just not gonna happen.
So, at first glance,
this might seem like a viable ad placement, a viable medium. However, if
the person who's money was being spent on this took a look at the surveys and
even more importantly - a quick overview of who is advertising in that particular
publication, they would have probably saved their company a lot of money
and refused to do it. Instead, I saw a rather poorly composed ad in a
medium where it just made absolutely no sense. That ad exec's head would
be on a pole outside my office if they had told me to run that ad!
My
point is simple. Print advertising is very powerful and when it clicks
it's just unbelievable. But if you approach it in a half-assed,
"yeah this looks good" kind of attitude- you're going to loose money,
maybe some big money. So think, think, think... then think again before
you make such a commitment.