Continued from page 1
4) If
story was negative we could not approach
source to place an ad in
magazine. We would instead go ahead and write our big story with a little additional research from other sources. The reporter would then approach a competitor to
business in question (who was not in
same mess) for an advertisement.
5) Other times an interview supplied us with a tip to pursue another company or organization for a lead story, which we would also do.
Using this simple system that maximized on
meager resources that were available, we literally killed two birds with one stone. The sales team were able to get very good quality leads for advertising sales and turned most of them into much needed solid sales. The big secret here is that they were able to use
writer's interview session to build rapport with
client/news source.
Secondly, in
process we were able to do quality research work for all
stories we carried in
magazine which improved our readership and
confidence of advertisers as well on
quality of
monthly business publication.
This was of course combined with some careful house-keeping where we kept a very careful eye on costs by designing a system that would monitor costs on a daily basis. Within 8 weeks
magazine was making a profit and in one year, if you came calling, you would not believe it was
same previously dying magazine.
It was all made simpler by
fact that we were dealing with a business magazine, because this type of magazine is in
unique situation where
newsmakers can also be
main advertisers. Magazines can be very profitable. They can also be huge cash drains. It all depends on you doing
following; Creating workable systems for generating revenue through selling advertising and other systems for generating revenue from subscription and single copy sales. The systems you create must be so simple that
staff training required will be minimal.
It's as simple as that. And that's exactly how I turned around an ailing business magazine. ------------- If you found this article interesting, you can read another article by this author at
link below that will give you
only 2 things you need to acknowledge to gurantee success in any online marketing program.
Here's
link:-
http://www.goarticles.com/cgi-bin/showa.cgi?C=26206
