Magazine Sales Decline: Want PR, Subscribe Now

Everyday someone asks me what the most important element to a successful PR campaign is and everyday I give them the same answer: "Know the media. Understand how they work and what journalists are writing about". It's really quite simple, except that there are so many media outlets out there now. How does one keep up with all of it?

As a publicist the answer is not so easy for me, but it is quite a bit simpler and easier to do for small business. Just select those publications/media you want to be in and read, listen and watch each day, week, month. Sure you can get the latest news online, but it's worth it to subscribe....especially if you want to be in that publication any time in the next few years.

This week's news revealed bad news for the nation's magazines. It is our reality. However, even as circulations decline the demand for my clients and other small businesses to be in those magazines is not ceasing. Everyone believes that if they can only make into "O" that their lives and businesses will become a mad success. And that's why I say "If you want to be in it, buy it!"

Remember that while a magazine is a great way for you to promote your business, others rely on advertising in them, and others....well it puts food on their table. So before you cut subscriptions to your fav mags and those that could be your meal ticket, read this article and think again.

First Half Circ Data Reveals Bad Newsstand Dropoff
Aug 2, 2009
-By Lucia Moses for MediaWeek

Single-copy sales for many magazines tumbled in the first half of 2009, when consumers pinched pennies and delivery snafus kept many stores from getting product.

The Audit Bureau of Circulations’ first-half magazine report isn’t due out until Aug. 31, but filings of publishers’ estimates to the ABC’s Rapid Report paint a grim picture of single-copy sales, roughly a third of the industry’s paid circulation revenue.

Early this year, some publishers suspended deliveries to wholesalers over their demand for higher per-copy delivery fees. One of them, Anderson News, went out of business as a result of the kerfuffle. Read more...

Theory Wastes Time, Focus for SMB

There are so many ways to market your business today, mostly thanks to the Internet. Chris Nastav has made some great points on Small Business Daily about many of these online networking opportunities and, I agree, that many have become quite a fad. One that has some business owners spending hours a day simply managing their social networks and not their business.

I truly believe in face-to-face networking and have been doing it since I started my business nearly eight and half years ago. I was so intensely focused that I would be off to some kind of networking event every day, even spending some days at a breakfast, lunch and happy hour. Then came the social networking sites and everyone and their dog was all over each and every one of them. I was exhausted and took a step away from it all and what I realized was that I was taking the “bowl of spaghetti theory” to networking – this is the complete and total antithesis of what I preach about marketing.

Instead of being targeted with my time and energy by attending events and utilizing social networks that would, well, work for me, I was flinging everything I had in about 10 different directions – much like taking a bowl of spaghetti, throwing it up on the wall and seeing what sticks.

What I was doing was wasting a lot of time. Since then, I’ve knocked myself down to only attending key events with key organizations and knocked my social networking focus down to four top sites. (Seriously, who are these people who have ALL DAY to do this?)

I use the networking approach here because it’s something everyone can understand. You’re in such a hurry to drive business that you aren’t being targeted or probably even all that effective.

Networking is one of the best ways to market your business, but unfortunately so many small businesses take this same approach in their overall marketing. Small business owners think they should be advertising so they do…every where they can but fail to reach their audience and say what they need to say. This carries over to direct mail, direct email, branding, public relations and even utilization of social networks.

Here are some things to ask yourself and discover how effectively you’re marketing and running your business.

* Take a step back – make a list of everything you’re doing to market your business. Now cross off the ones that have not yielded any kind of return whatsoever.
* Define where your customers are – What networking groups/organizations are they part of? What media do they read? Make a list of who your customer is; really define them in every way. It will lead you closer to them.
* Define what it is about your business that customers should be interested in. Make a list and begin to develop brand statements that quickly and concisely communicate to your customers; create interest. These should be used in every marketing element you utilize. In public relations we call them key messages. In networking it’s your elevator pitch.
* How can you position yourself and your business utilizing 30 minutes to one hour a day and two additional hours a week on networking? Remember, you have a business to run and your time is precious.
* Finally, take hold of your marketing opportunities by outlining time each day to commit to creating interest and awareness in your business. Make sure it’s targeted, communicates your business effectively and reaches your target audience.

When you really tighten your target audience you will become much more effective in generating sales and business. Example: If I advertise or get publicity in a health-oriented publication for my (hypothetical) organic food business I’m more likely to increase sales and fast. Makes sense, doesn’t it?

Don’t stretch yourself too thin and get caught up in what you think you should be doing, or what trends seem to saying you should do. Zero in on what works for your business. Put time and energy where your customers are and they will find you. Your business will become successful because you put effort into being focused, targeted, efficient and effective.