7.2 billion people in the world today 6 billion have cell phones Only 4.5 billion have running water and toilets. The average mobile phone user consults their phone 100 times a day The attention span on the device has declined from 12 seconds to 8 seconds (one second less than that of a goldfish) 87% of cell phone uses say their phone never leaves their hands 80% say “The first thing I do in the morning is reach for my phone.” 60% of google searches are now done on phones But making money from ads on mobile is very tough – even Google is having a hard time Collaborate, both in-house and with complementary outsiders Cottage Life has successfully bridged the digital divide by creating alliances and partnerships Make sure sales and editorial work together Hearst says that editors and publishers need to realize that their magazines’ content belongs to the company, not to them Sell a total package of print plus digital Digital recognizes the value of print Many digital outlets are now buying print! 48% of Cottage Life’s ad revenue is now earned through selling ad packages that include a combination of print, social media, video and events Still building their digital audience Still driving people to register on sites to build database Need to have a reason to do this and know why you are doing it Pricing: Still trying different pricing models Mobile: Having editors produce video for mobile consumption Trying live events Culture change is critical – but it is hard Hard to get staff to change their culture Important to get people excited about the opportunities in the new world Remember, you are a content company and content is still king Their motto is: IGNITE, ELVATE AND FULFIL is in the health and wellness sector – a $2 trillion market and growing They see business opportunities whenever there is a pain point for consumers Rodale has entered the event business big time with shopping opportunities, a video health network and a focus on business to promote healthy employees Rodale will introduce a new product: Organic Life, promoting healthy lifestyles. Sell Cottage Life Tshirts, hats, etc. with their logo on them Their merchandise sales are up 160% What works for them is that their audience has a passion for what they do Their overall revenue is up 25% Cottage Life has successfully bridged the digital divide by creating alliances and partnerships Ad blocking will bring about a huge change in the digital ad market Content is still king: people will always want a great story as they have from cave paintings to magazines to digital Content is huge in making ads work, creating a receptive environment for the reader Great content is key to the success of native advertising Native ad content needs to be informative and useful Native ad content should not be written by PR people, cannot be just bumph •Good digital partnerships are important – most people don’t have the resources to create an effective department in-house, so alliances are the way to go Print is 2.5 times more effective than online, second only to TV o Print presents a four to seven times return on investment o Print plus digital delivers the best return Sales role is evolving. Sales people need to be Advertising Advisors Sales is now a team game, involving the creative group: editorial, production Sales people need insight that lets them present value propositions Sales costs are initially higher and slower, but the payoff is bigger . Audience of 337 million in 22 countries Their success predicated on positive content Diversity of voices Goal is to “enable readers to live better, more fulfilled lives” Interesting voices and key influencers Realize they are in a global community Local community engagement 90 percent of web uses are now not in the U.S. – U.S. accounts for only 10% of traffic Video is becoming increasingly important –50% of Huff Post content now video Huff Post most viewed site in world, No. 1 in Canada, more than CNN worldwide Have used their loyal audience to build their digital audience. Instagram is key to them – 75% of users are millennials (born after 1976) Use the teaser format on Facebook to get readers to their site Readers stay on National Geographic site 6 to 8 minutes Memberships are their way of monetizing. First level free, second level is paid and leads to other offers Get people to send in their photos, travel experiences, etc. Quizzes – keep visitor 3 times as long Listicals – list articles a la Ten Neat Things Lists: 10 shade plants, 20 ways to fool your lover Quote cards – effective on Facebook and Twitter Inspirational, motivational or funny Video out-draws images Print is growing in special interest markets The customer is the only constant – things are changing so fast Put the customer’s need at the heart of everything you do Stay in touch with your clients – don’t just call at renewal time Understand that you need to promote relationships not transactions Customers should feel valued. Put a premium on their loyalty It should be a point of pride to be associated with you Think of subscribers more as members of an exclusive club Belonging to something is more compelling than simply subscribing to something Members can get special added value, where subscribers just get a subscription Stay in touch – have multiple contacts Use events to stay in touch with these member/subscribers on a face to face basis Let them in on what goes on behind the scenes Paywalls are negative – use premiums instead to sell content, membership benefits Keep subscription sign up pages SIMPLE If you want to re-purpose editorial, break it up in to shorter slices – like a series of sidebars – remember the 8-second attention span 50% of content is now under 500 words People will read longer articles only if the content value is there Charts, samples, facts and comments draw audience The “Did you see this thing” effect Online, visuals trump text and video trumps images Try to create a culture of co-creation so that your audience feels like it’s part of the action, that it belongs . . . Give your audience something to take away: knowledge, wonder, inspiration, excitement, motivation Is print dead? No. One in five Americans read People magazine Paper is shifting from being just a commodity to being ”like a gift” Magazine have an advantage in that they are a reliable, trusted source Stick to the strength of your brand