149
Profit-First Digital California Newspaper Publishers Association Press Summit May 5, 2012 San Jose MelTaylorMedia.com 267-625-5313

CNPA Local Media Disrupted. Mel Taylor

Embed Size (px)

DESCRIPTION

California Newspaper Press Assoc

Citation preview

  • 1. California Newspaper Publishers Association Press Summit May 5, 2012 San JoseProfit-First DigitalMelTaylorMedia.com 267-625-5313

2. Mel Taylor Background 3. You Know How to Win 4. Print FirstHybridDigital First 5. March 2009 6. Wrong QuestionIf Newspaper shut down. What would take its place?2009 7. Right QuestionDo Advertisers Care About News?2009 8. FAIL Online Journalism looking forRevenue Models 9. SMART Proven Revenue Models that supportOnline Journalism 10. 2 Masters Reader Advertiser 11. JournalismPageviewCPMSocial FollowersNewspaper NeedsAppsMobilePaywalls 12. Search PromotionSmall Business Needs VideoWeb PresenceSocial Database 13. News Not a Business Model 14. 3 step plan Run Web like Business Understand Competition 1. Reduce costs Leverage Digital Operational Efficiency2. Increase Revenue Share IncreaseShare share print Increase Audience 3. Tap new revenue 15. Core Business Newspapers Journalism Communications Advertising Enable Commerce 16. Protect Local Business Relationship 17. Run Web Like Print Think like Publisher / Owner1. 2. 3.Profit Operations Editorial 18. Common Errors Salaried exec in charge Research for sales directionOver-reliance on vendors Poor inventory managementClunky and limited CMS 19. Digital Operations Manual Do you have one? 20. Digital Ops Manual How we do it Style guide Process System Rules 21. Whos in Charge How many in charge of web?Salary or performance based? 22. Who Should Manage Web? ONE PERSON compensation & job security tied to web profit 23. Who Drives Digital Bus? Someone like this? 24. Who Runs Website? Mandatory Skill Set 1. 2. 3. 4. 5.Think like Publisher Entrepreneurial Biz-Dev & Direct Sales Digital DNA Traditional Marketing 25. Who Runs Website? Webmaster Designer Editor Marketing Vendor 26. Tells you what you can and cant sell online 27. Ask Pressmen about print ads you can sell ? 28. Bad user experiencePlatform cant do it We dont offer it Always done this way Dont have time Too expensive 29. Beware We hit our web budget Web rev up 500 % Web traffic is strong 50,000 Facebook Fans 30. Research 31. Get Online 32. Irvine, Bakersfield, Sacramento 33. FREE Local Plan 1st year 3-page website Domain name Website hosting Email support Year 2 (per month) $4.99 site/hosting $2.00 domain Cancel any time 34. Reps Blind Know how clients are spending budgets? 35. Ask Client 1. Current marketing mix 2. Current digital mix3. Digital you are considering 4. Whos pitching you ? 36. InternalPoison 37. Remove Bozos Recent Online News Conference 38. Remove BozosRecent Online News Conference http://meltaylormedia.com/2011/11/if-steve-jobs-ran-your-newspaper/ 39. Meet Dick Hi. Im Dick. 40. Meet Dick Print Sales Superstar Hits budget w/o Web Hi. Im Dick. His clients buy web From competitors 41. Dont Train Sales Staff until system is ready until managers are ready train the trainer 42. Overhaul Comp Revenue per rep & manager New business per rep (per month) Grow % of current clients High commission: new clients Low commission: transactional Bonus & PENALTY 43. Compensation Revenue & New Business Per rep & manager Per monthCommission 25% or more for new biz 10% or below for transactional 44. Integrated Sales Force Structure All reps as super sellers 1 web champion 1 point of contact for client Offer many solutions Reach & power of all platforms 45. Local Sales Protect & grow your LOCAL staff Keep client relationships to YOURSELF YOUR managers as trainers YOUR managers do 4-legged calls Using imported sellers, makes rep look WEAK 46. Lower Costs Person in Charge: Financially motivated? Get lowest cost & best features? 47. Huffington Post Traffic Low-cost Advertisers Profitable$315m 48. Aggregation 49. How They Decide Reads paper Support Journalism Pageviews or CPM News coverage Social, Mobile, Video 50. Ad Mix see local business looking GREAT? 51. WEAK Banner Design Creative 52. Design Branding focus No call to action Why full URL ? Why zip code? Will you get credit ? 53. How to make it better 54. Banner Design good or bad ? 55. Banner Design 1. 2. 3. 4.KISS Clear graphics Clear messaging Understood in 2 secs ? 56. Banner Design 1. No web address 2. What is goal ? > brand > message awareness > direct response3. Call to action 57. Sales Kit Easy to understand? For local business & reps Advertiser focused? 58. the Kit 59. Total Reach In-Print: Website: Mobile YouTube Twitter Facebook Emailxxx,000 xx,000 xx,000 xx,000 xx,000 xx,000 xx,000Total Reach: xxx,000 60. MySanJose.comReaching xx,xxx San Jose adults each monthOn-Air, Online & Marketing Services for San Jose Area BusinessHow We Help: Brand & Message Awareness Be seen, Get your message out Online Presence & Reputation Looking good online Database Marketing Customer email & Mailing Lists Online Couponing Daily Deals, Promotions, SamplingWho We Help: Yoga, Fitness & Health Beauty & Hair Boutiques & Retail Restaurants & Food Entertainment & Culture Family & Kids Contractors Doctors, Dentists, LawyersSuccess Storiescan MySanJose.com do this for you ? Client Logo Client Logo 61. Another Local Business SUCCESS STORY How can MySanJose.com help you ? BUSINESS NAME (Logo & picture of business) VERY brief description of business. Location of Business(BUSINESS NAME) CHALLENGE: (what they needed help with) Restaurant launching new catering hall and menu. Needed help getting word out, having target customers see upgrades to building, new menu , download new menu & coupon to sample food item.PLAN ( media company name ) PROPOSED Large format banner on website home page, every Friday Custom promotion & contest to build email list, encourage sampling, Downloadable coupon Social media plan using Facebook & Twitter Produce video profile & behind the scenes tour of businessRESULTS ( insert business name here ) Built database of 500 using contest giveaway Raised brand & message awareness via: 750,000 banner impressions 400,000 logo sponsorships impressions 76,000 viewed video tourCLIENT TESTIMONIAL WOW! Linda and her team did a fantastic job helping us get the word out about____. We now have a email list of 600 and 250 new Facebook fans. The video looked great on the site, and is also perfect for our own website and Youtube channel. John Smith, Owner, Ocean Village Restaurant 62. Helping San Jose BusinessIn-Print & ONLINE 63. 3 Simple Packages 64. At Work Day-part Internet Prime Time Mon-Fri 9a-5pMorning 6a-10aMid-day 10-3pEvening 8-11p 65. Beware Exercise Caution Intermediaries, Middle men 66. Toll Taker 30% to Steve Proceed with Caution 67. Build business on land you dont ownShare cropping 68. Rate Card & Pricing Supply & Demand (not CPM) 69. Smart Practice weekly instead of monthly ratessounds expensive$ 400. per monthsounds reasonable$ 95. per week 70. Super Dumb Protect rate card integrity @ $10 cpm and then..Sell unsold inventory to ad networks @ $1 cpm 71. Pricing Mon Tues WedThursFri$100$150$175Sat Sun 72. Sweet Spot Pricing Designate a premium unit Sell 24 hour exclusive Limit inventory7 onlyPick a day Pricing Flat Fee.Raise rate as you sell out Short commitment (3-6) 73. Inventory Management 74. CPMs 75. Inventory Glut How we build the paper 76. Dumb Ad Networks on Home Page & Section Fronts 77. Remnant Ad Network on Home PageCause for Dismissal 78. Competitor Remnant AdCompetitor Remnant AdRemnant Ad 79. Competitor Remnant Ad on AUTO Page 80. Ad Units & Placement 81. See anySuper Premium ad positions ? 82. Expandable Pencil Pencil Ad 83. Sliding Billboard or Expandable Pencil or Curtain Ad 84. Expanded Sliding billboard 85. Large Format 86. Your Site? 87. Newspaper BLASTS Tweets Facebook Email AlertsIntegrated CampaignCapture & BUILD DATABASE Facebook Twitter MobileOnline PromotionDownload Coupon Join Contest Watch Video 88. Client Education 89. TRIBUNE Digital Services 90. Web Marketing 101 For Local Business 91. Web Marketing 101 For Local Business 92. Remove Geek Speak cpm pageviews uniqueswtf click-thru rate leaderboards pixels impressions 93. Community Newspaper (no website)City Suburban News Vs.AroundMainline.com Indie WordPress site 94. Indie-WordPress siteWINSBeats: Philly.com City Suburban News Mainline Today 95. Community Newspaper w/ NO WebsiteBrigantine Times Vs.BrigantineNOW.com WordPress site 96. www.BrigantineNOW.com 97. Competition Surprising NEW Players Going After Local Dollars 98. Hyper Local -Ad Network -63 sites -PBS -NPR -Ad Agency 99. Multiple Uses Breaking NewsAd-supported PromotionsMarket to Advertisers Rte 9 is closed Lady Gaga tix on sale Friday Red Sox beat Yankees 99-0 Deal of Day Coupon download Win Trip Stand by rate now avail Home page unit now avail Spring special 50% off 100. How GREAT sites lose money> No Super-Premium Ads > The only local ad is pushed outside of content area > Low CPM ad networks sucking up home page of this otherwise strong news-site. 101. Media Kit 2 Yrs oldLeaderboard should be called TOP BANNER Complexity & Inside-Talk Kills Sales2012