The Media Minute 9.8.2021

Every single second, 2.4 billion emails are sent all around the world. With your target audience’s inboxes constantly being flooded, it’s important to recognize that your business’s emails are competing for attention at all times…Embarking on your company’s next booming campaign takes time, consideration, and a lot of prep work. Before you hit send, read through these seven tips to help you ensure that your business is putting its best foot forward when that campaign email lands in your audiences’ inboxes.

The media landscape has transformed beyond all recognition. Now, some of the largest companies in the world – such as Apple and Twitter – are relying less on advertisers as their primary source of revenue and instead, leaning on customers, with paid memberships and subscriptions taking precedence.

In 2020, subscription revenue for publishers grew 16%, according to a study by subscription management platform Zuora; around a fifth (21%) of American adults now pay for at least one online news outlet in the U.S., according to the Reuters Institute Digital News Report 2021. The majority of those paying have an average of two subscriptions. But how many subscriptions can one reader pay for? And how many will they keep, especially without the rollercoaster of 2020 to keep them locked into the news cycle?

A CRM for magazine publishers takes the specific needs of publishers into account. They include industry-specific features, like subscription management, ad invoicing, and even flat-planning, to separate themselves from generic CRM software…Are you ready to leverage the power that comes with a magazine CRM software?

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The Media Minutes 9.1.2021

If you’re looking to attract interested bottom-of-the-funnel leads, LinkedIn is a great asset. In fact, audiences on LinkedIn have twice the buying power of the average web audience. The platform offers a variety of free and paid features to maximize your lead generation efforts on both your personal and business pages, but as with most things, you can’t dive in without some preparation.

In a move that also coincides with Apple’s just-announced, $100-million settlement of an antitrust lawsuit brought by developers — Apple is offering all publishers the 15% commission rate on first-year subscriptions… if they’re willing to agree to participate in a new Apple News Partner Program that has some advantages for Apple, and potential disadvantages for publishers.

Headline experimentation has become an increasingly popular tool among publishers. Editorial teams often test several title variations for the same article, in order to find out which one performs the best. Testing identifies not only the headlines that are being clicked on, but also the ones that lead to engagement with the content. This is particularly significant for the global publishers that need to ensure they’re allocating time to optimizations with the highest reader impact.

When it comes to magazine media and digital publications, reliable software tools are a necessity. From publishing CRM and magazine design, to circulation and subscription management, this ultimate guide to magazine software is an overview of the most popular software tools in the publishing industry.

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The Media Minute 8.24.2021

Did you know that it takes about less than a second for a website visitor to form an opinion about your company? Whether they click around or contribute to your exit rate, you can use that data to your advantage. Based on these analytics, you can determine if your website and content strategy are effective.

Several months of preparation for the coming cookie-pocalypse appear to have brought publishers some peace of mind. They have not had quite the same effect on brands and agencies, according to Digiday+ research. As of the beginning of the third quarter of 2021, less than 50% of the publisher professionals Digiday surveyed said they were worried about their ability to target ads or measure their effectiveness without third-party cookies.

Although Google claims its privacy sandbox solution, FLoC (Federated Learning of Cohorts), will produce 95% of the per-dollar conversions that third-party cookies previously achieved, so far it has met with widespread resistance. Although a number of companies are either testing the sandbox this year (AdThrive, CafeMedia), or working with Google on their proposals (PubMatic), the criticism is certainly gathering momentum. This is significant, as ostensibly, Google is designing FLoC to become a fundamental part of the web, not just Chrome.

Nowadays, no single revenue stream is enough to sustain, let alone grow, a digital publication. Instead, online publishers are relying on a combination of revenue streams to ensure they can bring in sufficient capital… While most companies’ monetization strategies will include a combination of some, if not all of, these revenue streams, it’s important to have an understanding of each opportunity and current revenue trends to know which combination will work best for your publication — what’s your mix of six?

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The Media Minute 8.17.2021

Since your website is often the first touchpoint a potential client has with your company, you want to do everything you can to ensure that it yields real results from visitors. There should be a clear path to follow and a set of actions to complete. Without a fine-tuned and efficient website, you’ll miss out on a pool of potential opportunities.

As a key part of the report, we have interviewed many of the leading tech vendors offering cookie-less solutions, and enquired into the latest thinking and innovations behind them. The purpose is to provide an all-encompassing report that publishers can use as a guide and reference point.

Fundamentally, access journalism occurs when reporters value landing a source more than the information gleaned from that source. But what do readers, viewers, or other members of the public mean when they use the term as criticism? Is it simply expedient and pithy, just a new way to disparage the press?

In this blog, we’ll look at some of the modern, more common tracking practices, the takeaway if these techniques are ultimately taken away, and what those working in the publishing industry can do to craft and execute even more effective outreach plans in their wake.

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The Media Minute 8.11.2021

When it comes to managing relationships with your business’s prospects and existing customers, a customer relationship management software, or CRM, is a must-have. In this day and age, it’s no secret that data is the key to meeting your company’s goals efficiently and effectively…CRMs are at the heart of every growing business. In fact, CRM software is the biggest software market in the world, and the growth isn’t slowing down anytime soon.

“In our continued efforts to improve the quality of the search results, we’re launching a new link spam fighting change,” said Google’s Duy Nguyen, “the link spam update.” This algo change specifically targets “spammy links”, and is a global update that seems to affect links that are manipulative and unnatural…The search giant cautions that changes in rankings may be imminent for some site owners.

The ensuing global pandemic has impacted every publisher differently, but a few common challenges have generally emerged: the immediate shelving of long-planned initiatives or new launches, a total pause on live events—an increasingly vital extension for many, in normal times—and frustratingly, a dramatic yet difficult-to-monetize rush of web traffic and social media engagement.

According to former head of Hearst magazines, David Carey, there just may be a magic number: “You need five or six revenue streams to make the business really successful.”… While most companies’ monetization strategies will include a combination of some, if not all of, these revenue streams, it’s important to have an understanding of each opportunity and current revenue trends to know which combination will work best for your publication — what’s your mix of six?

 

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Media Minute 8.3.2021

When it comes to managing relationships with your business’s prospects and existing customers, a customer relationship management software, or CRM, is a must-have. In this day and age, it’s no secret that data is the key to meeting your company’s goals efficiently and effectively…CRMs are at the heart of every growing business. In fact, CRM software is the biggest software market in the world, and the growth isn’t slowing down anytime soon.

Email has been around for a while. Many smart “digital media people” believe it will survive for a while longer. There’s no debating it – this is the new golden age for newsletters… In the past few years, wherever I have looked for insights on building sustainable reader revenue, emails and newsletters have almost always been in the top three things to focus on.

When it comes to improving profits at print magazines, there’s a tendency to focus on new ways of driving revenue. But while keeping a close eye on expenses can also have a significant impact on the bottom line, today’s environment often calls for a balancing act.

We’ve come a long way since the very first American publication in 1741. Who knows if Benjamin Franklin and his chronicling competitors had any idea that their budding industry would blossom into something that, just last year, had an annual global revenue of approximately $67.56 billion?  Thanks to both their centuries-long resilience and progressive nature to adapt, magazines continue to be a worthwhile project to embark on.

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The Media Minute 7.27.2021

According to HubSpot, lead generation is defined as: “Lead generation is the process of attracting and converting strangers and prospects into someone who has indicated interest in your company’s product or service. Some examples of lead generators are job applications, blog posts, coupons, live events, and online content.” The definition sounds practical, yet the practice isn’t as easy as it sounds. Lead generation strategies require an understanding of inbound marketing.

Last month, Google announced a delay for third-party cookie deprecation on its Chrome browser until the end of 2023. Despite this delay, using cookieless solutions today already shows better performance. Further, new research suggests that the marketing community is eager to embrace the ‘cookieless’ future and is looking towards the publisher community to keep pace with the privacy-first trend.

eMarketer released its U.S. B2B Advertising Forecast report on Monday that estimates that nearly half of the $30.6 billion spent on B2B advertising will be digital in 2023… For the first time, more than half of B2B marketers’ digital spend will focus on phones and tablets versus non-mobile devices such as laptops and desktop computers.

Sadly, magazine CRM systems are neither invincible nor undefeated. Keeping an exact score is difficult, as the CRM failure rate has been measured to be anywhere between 18% and 69% over the years… So when there is a failure, should blame be put on the system? The users? Those who thrust it upon the users? The answer to those questions may not be simple, but the solutions to overcome the larger contributing issues are entirely too easy.

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The Media Minute 7.21.2021

Developing and leveraging your customer database is vital to digital marketing teams. A growing database of customers means more potential engagement, buying decisions, and more. The information you get from your customers is also incredibly beneficial to guiding your sales and marketing strategies for lead generation.

After all, Parse.ly found that 70 percent of digital media publishers use tags and that was back in 2015. The number is surely even higher in 2021. But as our research has shown, different publishers adopt wildly different approaches to tagging content, with very different results.

With the growing uncertainty on data privacy and skepticism towards Google’s proposed solution to the removal of third-party cookies, will we still be able to segment and target consumers in the same way? And how can brands prepare for the changes to data privacy and app tracking?

When it comes to magazine media and digital publications, reliable software tools are a  necessity. From publishing CRM and magazine design, to circulation and subscription management, this ultimate guide to magazine software is an overview of the most popular software tools in the publishing industry.

 

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The Media Minute 7.14.2021

The average website receives about 1,000 new visitors per month. That’s 1,000 potential new leads, prospects, and blog subscribers. But what happens when these visitors leave your website without filling out a contact form?  How do you engage with them without a phone number, email, or even a name? This is where website visitor tracking comes in. It gives you a huge advantage in generating leads.

Global advertising spend is on course for 12.6% growth this year to reach US$665bn, an upgrade from 6.7% initially projected, reports WARC, the international intelligence service. Further growth, of 8.2%, is forecast for 2022…

When Google’s postponement of their third-party cookie policy changes rolled in, it’s fair to say the entire digital ecosystem took a collective sigh of relief. While the change could represent a temporary reprieve for some, publishers and marketers should not take the extended deadline — a gift — for granted by postponing much needed work to their data collection strategies.

According to one report, 43% of CRM users use less than half of the features that their CRM offers …  and I’d say that number is conservative. And no matter if that comes down to difficulty in understanding the system or ignorance as to all its capabilities, it’s an issue worth addressing if only because there’s so much potential on the other side.

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The Media Minute 7.8.2021

Digital marketers are always looking for new and innovative ways to streamline and develop strategies that are efficient and effective. Marketing automation software allows teams to work in real time and track progress through thoughtful automated workflows that nurture leads. (Post: Mirabel’s Marketing Manager)

A recent press release that landed squarely on the newsdesk of What’s New in Publishing confirmed what many magazine insiders already know – namely, magazine back issues are a fertile source of revenue for publishers willing to make them easily available. (Post: WNIP)

The July 4 holiday weekend will mark the end of working from home for some media employees — though many of their employers are expecting them to officially settle back into an in-person office in September. (Post: Digiday)

Ideally, a CRM should complete and streamline tasks in the natural environment you’re already comfortable working in, then have the fruits of that labor appear in the shared system for all team members to access. When it comes to your long-term plans and day-to-day sanity, you can’t leave that connectivity (or lack thereof) to chance. (Post: The Magazine Manager)

 

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