Why facebook should start an affair with the magazine industry.

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Why the Australian Magazine industry should start an affair.

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A presentation I gave at Magazine Week in Sydney on the 16th November 2012.

Transcript of Why facebook should start an affair with the magazine industry.

Page 1: Why facebook should start an affair with the magazine industry.

Why the Australian Magazine industry should start an affair.

Page 2: Why facebook should start an affair with the magazine industry.

Why the Australian Magazine industry should start an affair.

With facebook.

Page 3: Why facebook should start an affair with the magazine industry.

Why?

They are perfect for each other.

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Imagine a world where the majority of your magazine subscriptions came from one source.

Page 5: Why facebook should start an affair with the magazine industry.

Imagine being able to directly influence tens of thousands of your readers, every day.

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Imagine having access to the largest and most powerful focus group your magazine has ever had.

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Imagine using this focus group to unearth genuine consumer insights that made your magazine better than

your competitors, consistently, for free.

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Imagine?

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Imagine?

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That world exists, right now.

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That world exists, right now.

But very few realise it.

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HOLD UP.....

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Who is this guy?

Page 14: Why facebook should start an affair with the magazine industry.

Who is this guy?

mudomedia.com.au

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Who is this guy?

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Media is the most engaged industry on facebook.

Media Automotive Fashion

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Why?

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Emotionally engaging content.

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Is social media dynamite.

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Most businesses have little of this

content to share

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But you, as publishers, have…

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A LOT of it.

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A LOT of it.

It’s your business!

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You have an unfair advantage...

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LEVERAGE IT

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How!

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Facebook Fundamentals

Advertising

Content

Community Management

Analysis

Growth

Engagement

Insights

Optimisation

= Advertising Live

= Social activity cycle

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Engage with topical, linked content

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Engage with topical, linked content

Facebook Your site

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Deliver beautiful, relevant images

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Deliver beautiful, relevant images

Facebook Your site

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Gauge opinion

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Gauge opinion

Facebook Your site

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Develop a stronger understanding of your consumer, through analytics.

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Measure how many consumers you are reaching.

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Measure how many consumers you are reaching. DAILY

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Measure how many consumers you are reaching. DAILY WEEKLY

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Measure how many consumers you are reaching. DAILY WEEKLY MONTHLY

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PROOF, IN NUMBERS

460,000+ fans

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PROOF, IN NUMBERS

460,000+ fans

DAILY 38,000

REACH (in consumers)

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PROOF, IN NUMBERS

460,000+ fans

DAILY 38,000 WEEKLY 266,000

REACH (in consumers)

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PROOF, IN NUMBERS

460,000+ fans

DAILY 38,000 WEEKLY 266,000 MONTHLY 1,064,000

REACH (in consumers)

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What does that mean in the real world?

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Compare reach

Reach = 921,166* Reach = 1,064,000

*from Newspace website (official) ABC June 2012

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Through facebook, your magazine can potentially reach over 1M consumers

per month.

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Converting reach into magazine subscriptions

Discount Subscriptions for facebook fans.

Release code via facebook, link to

subscription signup page.

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Converting reach into magazine subscriptions

Discount Subscriptions for facebook fans.

Release code via facebook, link to

subscription signup page.

Encourage reader opinion pieces to be submitted

through facebook.

Best opinion piece is published in magazine,

author receives subscription.

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Converting reach into magazine subscriptions

Discount Subscriptions for facebook fans.

Release code via facebook, link to

subscription signup page.

Encourage reader opinion pieces to be submitted

through facebook.

Best opinion piece is published in magazine,

author receives subscription.

Release exclusive material to facebook first

Will drive share ability, increase reach and lead to more subscriptions.

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So…

…What point are you making?

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Facebook allows you to reach and influence a higher volume of qualified

readers, more often.

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Facebook allows you to reach and influence a higher volume of qualified

readers, more often.

More reach equals more brand awareness and influence.

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More reach equals more brand awareness and influence.

More influence leads to sales and subscriptions.

Facebook allows you to reach and influence a higher volume of qualified

readers, more often.

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DO Publish as much relevant content

through your page as possible.

Give them a taste, not the full article.

This is why readers follow you!

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DON’T Hold off posting content on facebook for fear it will cannibalize your print business.

GIVE THEM A TASTE.

If anything, readers will see more value –

putting your magazine on their consideration list.

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REMEMBER Media is the most engaged industry on

facebook

You have an unfair advantage, your content.

Become a culture-maker.

USE IT!

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Imagine a world where the majority of your magazine subscriptions came from one source.

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Don’t imagine, that time is here.

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THANKS! Mike Watkins Twitter.com/digiocial [email protected] 0406 734 767