Tag Archives: promotion

Is Print Dead? Not According to These Magazines

With the proliferation of online information, Web sites, blogs, and ecommerce, it can be easy to underestimate the still powerful impact of the written word on paper. Far from being dead, print is re-emerging in new ways, new industries, and reaching select target markets. Some of the new magazines may surprise you. Companies that do business online are now using print publications to reach customers and explain their businesses, as well as entice customers to continue to buy from the online companies.

The companies producing these new magazines cover a number of area that may surprise you; lifestyle, pet care, travel, food, and more. Brands that have introduced new magazines include Bumble, Dollar Shave Club, Casper, and Airbnb. The publications are a way to expand the brand’s reach and retain customers’ interest. After all, when reading online, there are continual interruptions with pop-up ads, videos, and other digital noise. Compared to that, a print magazine seems like a soothing way to relax and explore new topics at our leisure.

The approach is not always an easy one for companies. According to Pew Research, roughly 93% of Americans not get some level of news online. However, this hasn’t stopped companies – in 2017 there were 134 new print magazines launched. These magazines tend to be focused on specific niches and target markets where consumers have focused queries and interests. Not everyone wants to read about puppies, or international travel, or music. But for the customers who do want that depth, magazines provide information and escape.

What do you want to read?

Group Activities and Discussion Questions:

  1. Poll students: Who reads magazines? Which ones, and why?
  2. Show some of the new magazines available:

Bumble mag: https://bumble.com/the-buzz/introducing-bumble-mag

Away: https://www.awaytravel.com/here-magazine

Casper: https://casper.com/woolly-magazine/

DSC: https://www.dollarshaveclub.com/content/story/author/melmag

Airbnb: https://www.airbnb.com/magazine

  1. Divide students into teams. Have each team examine a publication (online).
  2. Who is the target market?
  3. When do magazines make sense?
  4. Each team should next select a brand/company that might use a print magazine. For this company, have teams develop a magazine concept: Target market, editorial focus, possible articles, advertisers, etc.

Source: Jerde, S. (6 May 2019). Who said print was dead? What’s behind the proliferation of new titles. Advertising Age.

 

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Experiential Marketing Keeps Evolving

In today’s fast-paced Instagram world, experiencing a product and brand is more important than ever to consumers. While experiential marketing is not a new tactic for marketers, it has certainly increased in the past few years due to social media usage, and the rise of selfie photos showing consumers interacting with brands and products.

In the past year there were thousands of pop-up experiences and stores around the country. Some of the more well-known ones are the Museum of Ice Cream, 29Rooms, and products such as Peleton bikes. Other pop-up experiences have come from retailers such as Birch Box, Tiffany, Adidas, Samsung, Amazon, Dior, Payless Shoes, and even HBO show ‘Game of Thrones’. In the past, we might have called these ‘kiosks’ but that doesn’t do justice to the full experience offered by the new world of pop-ups. In their new iteration, the pop-ups may offer a brick-and-mortar experience (such as Museum of Ice Cream) or include another form that offers a fully immersive experience.

For today’s Millennial shoppers, content is key. These shoppers not only check their phones continually, they also generate their own content at a high rate!

What experiences do you want?

Group Activities and Discussion Questions:

  1. Discuss the different forms that experiential marketing can take.
  2. Show several examples: 29 Rooms: http://www.29rooms.com/
  3. Museum of ice cream: https://www.museumoficecream.com/
  4. Rose’ Mansion: https://www.rosewinemansion.com/
  5. Poll students: What has been their experience with pop-ups and immersive experiences?
  6. Divide students into teams. Assign each team a product, or let the teams select their own products.
  7. Have each team develop an experience for that product.

Source: Ramirez, D. (12 March 2019). Creating experiential that stands out in a crowded industry. Ad Week.

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Why are Prices Going Up?

Pricing is a very strategic part of marketing and planning. And, yes, price is also one of the four P’s and is usually referred to as a tactic. However, when an organization is setting strategic objectives, the price level is a critical factor that may be adjusted to help a company meet its objectives. However, raising prices can be difficult as consumers tend to balk at paying more for a product or service that they have had for years. Among companies raising prices are two affecting many college students: Netflix and Whole Foods.

In January, Netflix raised prices for its subscription plans by 18% to $13/month. The increase is intended to help Netflix cover increasing costs for original content and streaming services. Some of its highly-rated content includes “Bird Box,” “Stranger Things,” and “The Crown.” According to Netflix, it has 10% of all U.S. TV screen time, or a billion hours each day.

In February, Whole Foods raised prices on hundreds of its products in order to cover increasing costs of inflation, including transportation, ingredients, and more. The price increases range from a few cents to several dollars, depending on the product and manufacturer.

Is it worth the price?

Group Activities and Discussion Questions:

  1. Question students: Why are Netflix and Whole Foods raising prices? How does the price increase fit into the company’s strategy? What environmental factors should be considered?
  2. Show a video about Netflix price increase: https://mashable.com/video/netflix-raises-prices/?jwsource=cl#tzDtP.YOImq1
  3. Discuss the six steps for pricing (determining objectives, estimating demand, determining cost/profit relationships, select price level, set list price, and make adjustments).
  4. Discuss the various pricing models in class: demand-oriented, cost-oriented, profit-oriented, and competition-oriented.
  5. Divide students into groups and have each group work on any/all of the six steps.
  6. When setting the price level, assign each team a different model to use (demand-oriented, cost- oriented, etc.).

Source: Ad Week, Wall Street Journal, other news sources

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