131210 contently-3 millionstory-v4

22
Print’s Not Dead how contently ( a tech company !) made huge profits from a print magazine

description

How Contently ( a tech company) made huge profits from a print magazine

Transcript of 131210 contently-3 millionstory-v4

Page 1: 131210 contently-3 millionstory-v4

1

Print’s Not Deadhow contently (a tech company!) made huge profits from a print magazine

Page 2: 131210 contently-3 millionstory-v4

2

Meet

We provide talent and tools to help brands become publishers.

Page 3: 131210 contently-3 millionstory-v4

3

This is the story of how we used our own product to publish a beautiful print magazine— and how it drove huge profits to our business.

Our Story

Page 4: 131210 contently-3 millionstory-v4

4

March 6: The Idea

With Contently’s Social Content Summit approaching, we decided the best way to introduce potential clients to our core product was to put it in their hands. And so the idea for Contently Quarterly was born.

The conference was 3 weeks away.

Page 5: 131210 contently-3 millionstory-v4

5

March 7-8: The Team

At the time, Contently was a company of 15 people— only one of whom had any publishing experience.

We needed an editorial team — STAT.

Page 6: 131210 contently-3 millionstory-v4

6

March 7-8: The Team

Within two days we’d culled a freelance team of 12 journalists, an editor, and an editorial designer from Contently’s pool of over 30,000 creatives.

Page 7: 131210 contently-3 millionstory-v4

7

Working with the managing editor, Contently put together a 22-story editorial calendar.

Those stories were then assigned out to the team of journalists.

March 9-10: The Calendar

Page 8: 131210 contently-3 millionstory-v4

8

March 10-17: Content Creation

The writers scoured the globe for sources, whipped up brilliantly written paragraphs, took photos, and wrote their hearts out.

Page 9: 131210 contently-3 millionstory-v4

9

March 10-17: Content Creation

Contently’s HQ team used their own workflow software to answer questions, field pitches, and manage deadlines.

Page 10: 131210 contently-3 millionstory-v4

10

March 18-20: Edit

The managing editor feverishly dotted i’s, crossed t’s, requested revisions and deleted Oxford commas.

Page 11: 131210 contently-3 millionstory-v4

11

March 20-23: Design

Once the stories were completed, edited and approved, the editorial designer got to work.

Page 12: 131210 contently-3 millionstory-v4

12

March 24-26: Print

Design approved, the magazine was shipped to the printers for a 10,000 issue run.

Page 13: 131210 contently-3 millionstory-v4

13

April 3-4 (and beyond): Distribution

Contently handed out 300 copies at its conference, sent another 50 to relevant press contacts, and distributed the remaining magazines to marketing departments and agencies across the Fortune 2000.

Page 14: 131210 contently-3 millionstory-v4

14

April 3 to September 1: Tracking

Contently tracked 4 separate groups of magazine recipients.

Page 15: 131210 contently-3 millionstory-v4

15

April 3 to September 1: Tracking

opportunities People who were already interested in the company

leads People who had heard of Contently

but weren’t considered ready for sales

prospects Potential customers who weren’t yet engaged

press

Page 16: 131210 contently-3 millionstory-v4

16

Q2-Q3 2013: The Results

The magazine introduced Contently to new prospects, who became clients in the amount of: $250,000.

Page 17: 131210 contently-3 millionstory-v4

17

Q2-Q3 2013: The Results

It also helped Contently close $600,000 worth of deals that were already in the pipeline.

Page 18: 131210 contently-3 millionstory-v4

18

Q2-Q3 2013: The Results

Together, those deals will generate approximately $1,800,000 in income for Contently writers over the next year.

Page 19: 131210 contently-3 millionstory-v4

19

The cost?

printing $15,000

content $5,000

edit $2,500

design $2,500

$25,000total:

+

Page 20: 131210 contently-3 millionstory-v4

20

The ROI

The return on our investment: • 10x on new business • 24x on Contently’s

existing pipeline...

Page 21: 131210 contently-3 millionstory-v4

21

In Summary

$25,000magazine production cost

$600,000closed pipeline

$250,000new deals

$1,800,000writer income (estimated)

10xnew

24xpipeline

roi

Page 22: 131210 contently-3 millionstory-v4

... and one happy company.

contently.com @contently