Pomp Forum Julia Hutchinson Patrick Fuller The Power Of Customer Publishing
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Transcript of Pomp Forum Julia Hutchinson Patrick Fuller The Power Of Customer Publishing
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Julia Hutchinon and Patrick Fuller, APA 4/3/2010 Slovenia
EDITORIAL CONTENT IS KING
The Power of Customer Publishing
Slovenia
March 2010
The APA :
“Customer publishing is a rapidly growing industry where brands are using editorial content, irrespective of channel, to engage
consumers to deliver tangible marketing effect.” • APA encourages best practice and promotes the industry on a global level• Drive growth of new business and margin for members (both print and digitally) through:
Promote: Marketing/International Prove: ResearchPersuade: ASK – new business serviceProclaim: Events – training and awardsProtect: Environment/ lobbying
• 98% of UK market are members
• Run ICPF with 17 countries taking part globally
£904m spend
323,000 average circulation
33/100 circulation titles
20% turnover is digital
45% of client work is cross media
An overview of the UK market:
16% growth92 launches
70% posted
20% income from 3rd party advertising
Industries investing in Customer Publishing:
Growth in the future…
Key reasons for growth:
• The changing media marketing place:
• 1,000’s of ways to reach consumers• Difficult to engage time poor consumers• Reach versus outcomes• Customers losing trust in brands• Trend towards participatory communications
• Innovation• Power of editorial online and in print• Creativity and quality
•Effectiveness • ROI is key
“Long copy - and prolonged leisurely engagement - are often out of fashion in an advertising business which often confuses creativity with brevity. This
would have driven David Ogilvy insane. Happily your industry is one of the last few pockets where this
talent still flourishes: and it's a talent that somehow lends to brands a quality that nothing else can.”
Rory SutherlandVice-Chairman, Ogilvy Group UK
Effectiveness - engagement is key:
Proving the power of customer magazines: APA/Millward Brown Advantage Study:
• 21,000 consumer interviews
Key findings:• 25 minutes time spent with a brand• Top 6% of consumers spent over an hour with the brand• More time than any other media = 50 x 30” TV slots• 57% of consumers read at least half of the magazine• 18% of consumers pick the magazine up 3 – 4 times• 60% keep the magazine for a week or more• 14 % keep it for reference• 8% pass it on to a friend
Engagement = marketing effect
Engagement = marketing effect:
Customer magazines drive response:• On average 44% of consumers who receive a customer magazine do something as a result:
• 78% - retail sector• 45 % - membership titles• 30% - automotive sector• 23% - finance sector
Improving loyalty and driving brand equity:• Positive impact on consumers view of a brand:
• Increase view of leadership values by 11%• 32% increase in brand loyalty
Tangibly drive sales: • Drive an 8% increase in future sales• Readers of supermarket titles spend over £5 or more on groceries than non-readers
Retail titles:
4478
6362
5147
2925
2121
1615
97
Study AverageRetail Average
Tried a recipeVisited store/branch
Bought a new product/used a new serviceUsed a voucher
Showed the magazine to a friend or relativeEntered a competition
Recommended the store to a friendVisited the website
Enquired about a specific product/serviceVisited a department you would not usually shop in
Carried out an ideaUsed a service you would not usually use
Level of active response%
Best performer
Finance titles:
4423
15
10
98
65
42
1
Study AverageFinancial sector average
Called the company for more infoEntered a competition
Enquired about a specific product/serviceVisited a website
Visited a store/branchBought a new product/used new service
Added to an existing product ownedUsed a voucher
Responded to an offer
Level of active response%
Base: Magazine sample (915)
Automotive titles:44
30
2314
1313
1212
108
77
54
211
Study AverageAutomotive sector average
Discussed with friend/colleagueVisited store/branchVisited the website
Enquired about a specific product/serviceCalled/visited dealership
Given copy to interested friendCalled the company for more info
Bought a new product/used new serviceEntered a competition
Requested a test driveBought a winter serviceRequested a brochure
Responded to offerUsed a voucher
Contacted the featured insurance company
Level of active response%
Base: Magazine sample (1529)
B2B Customer magazines:
• 9 B2B case studies• 53% read for more than 20 minutes with 11% reading for more than
one hour• 54% keep for over a month• 61% of all readers prefer to receive the magazine in the post rather than
pick up• 1 in 4 pass on to a colleague – great WOM for brand• 72% open the copy that they receive in the post• 64% read almost every single issue they receive in the post• Whilst there is a growth in demand for online access this is not at the
expense of a printed copy• In B2B category as a whole, magazines are more likely to be kept for
reference – 32%
.
“Online editorialised content is a vital form of communication to engage with the consumer –
and is getting more important by the day. Depending on the brand it either needs to be purely functional, relevant and informative or
have a wider role in building a stronger lifestyle
presence and role within the consumers life.”
Tim Bonnet, CEO,
Tequila
The Power of Editorial Content Online
• 28% of consumers who interact online are driven in-store to purchase from articles and reviews from branded websites
• 27% of consumers are more likely to buy online if branded content is available
• Nearly a quarter (22%) of consumers online are more likely to recommend a website to friend if it is constantly updated with information than one that isn’t
• The desire to interact with other consumers through social media is very low – with only 2% of consumers wanting more
“60% of Consumers Who Interact Online are More Likely to Buy if Websites offer Branded Content”
• The traditionally difficult to engage age range of 18 – 24 year olds respond to content online more than any other age range – 7% higher desire for brands to offer more editorialisation
• 25 – 34 year olds are predominantly looking to buy online and are more engaged by offers than any other age range
• Those in the 45 – 54 age bracket are looking to be entertained, with the highest percentage of any demographic looking for games from brands
• Nearly half of consumers interacting online who are over 55 use branded websites to research brands and products over being entertained, gaining offers and purchasing
“How to Engage Consumers Online of all Ages Revealed”
•65% of consumers who interact online would visit a website once a week or more if content was updated daily
• 60% of 18 – 24 year olds would visit a website a few times a week or more if content was updated daily
• 12% of consumers online would spend more with a brand that engages them online through constantly updated content
“Almost three quarters (72%) of online consumers want content that is updated weekly or more regularly”
• Other than to make a purchase or seek information, 72% of consumers repeatedly visit websites because they are easy to navigate, provide content and offer reviews of products
• Consumers are least likely to return to a site to read a blog from a brand, with only 2% of the vote and games only persuade 5% of consumers online to return to a site
• More women than men are encouraged to repeatedly visit a site by offers – women 36%, men 28%
“Top Reasons for Consumer Repeat Visits to Websites Revealed”
“Companies should be looking to engage with their core customer audiences through
whichever channels are relevant to those customer’s lives. Branded editorial content allows for good targeting and can provide a
quality environment for messaging that is less
commercial and more trusted than advertising”Martin Hayward,
Director of strategy and consumer futures, dunnhumby
Cross media editorial effectiveness – modes of media consumption:• In all cases online and print media are consumed differently:
• Magazine:• Longer sittings, read in more depth• Retained & picked up more frequently
• Online:• Shorter sittings, more functional use• Although still read in-depth by a minority
• The more successful editorial combinations capitalise on this:• Differentiated presentation and content between media• Online designed more around scanning mindset• Magazine more for immersion and spending prolonged time
• Combination of print plus online has the strongest effect• Evidence of media crossover effect – where exposure to once
channel drives readers to the other• Online has a more functional role
.
Posted Magazines Research results:
• Over a third (39%) of consumers that receive a magazine are driven online to investigate or purchase from that brand
• Posted customer magazines drive more people online than those that are picked up in-store (26% compared with 23%)
• 18-24 year olds are the most likely age group to go on to buy a product online as a result of reading a magazine
• 25 – 24 and 35 – 44 year olds are by far the most likely age groups to be driven to investigate a brand online having read a customer title
“ Customer Magazines Drive Online Activity”
“Customer Magazines to Engage Youngest Audience”
• Posted customer magazines engage the 18 – 24 year olds more than any other age group
• This notoriously hard-to-engage group are more likely to purchase online, pass the title on to friends and twice as many consumers take more notice of that brand’s other advertising and marketing having read the magazine than any other age range
• More than double the number of consumers in this age range feel that brands should make the effort to post their title than those over the age of 45
“Editorialised content is now a hygiene factor in the building of relationships between brands and consumers. However the brands that get it right are the ones that truly connect brand values and the brand promise to the very real needs of their customers. Editorialised content is absolutely key to continually refining and honing the relationship and is a very real demonstration that brands are
listening.”
Chris WardManaging Partner
Partners Andrews Aldridge