Local
Market - Newspaper Partnership Creates Perfect Fit
Newspapers
and local community advertisers have been moving in the opposite
direction for years. As advertisers were moving towards targeting
their message closer to home, newspapers have remained more
regional and less local business friendly.
Direct mail has
been whittling away at the newspapers local advertisers for
40+ years and aggressively for the past 15 years. Direct mail
companies have tailored their business model to somewhat mirror
the needs of their clients and still remain profitable and
competitive.
Targeted Media
Partner has developed a newspaper partnership that will allow
newspapers to be the perfect partner for local advertisers
with their Weekly Zoned Shopper and still remain the strong
product for National and Regional advertisers. This joint
venture will create a highly competitive model that will be
an unstoppable.
Product
Requirement
SMB’s require
a product that can bring-in customers, generate interest and
ring-up sales.
"Progress
in developing ways to open the vast “low end”
of the business market – small and medium-sized enterprises
– is agonizingly slow. Although this segment represents
the largest growth opportunity in local markets, newspaper
companies continue to use traditional ad offerings and sales
structures in their attempts to reach them, with only moderate
success. Better answers are needed" Quoted: Newspaper
Next – Making the Leap
Evolution
The internet changed
the way the world did business but did not abolish the neighborhood.
The internet originated as a search utility and then grew
into an information utility. But it still did not change the
fact that most consumers purchase 85% of their consumable
goods within 5 miles of their home address. This is why local
is touted as the “last frontier of the internet”
Opportunity
With the void in
the SMB space left by the inefficiencies of a city wide circulated
newspaper and the continually declining use of the Yellow
Pages the opportunity to consolidate and serve this SMB space
is compelling
Specialists
Since
most SMB’s have no desire to become web marketing specialists
nor do they have the desire and resources to buy advertising
in daily newspapers – an opportunity exists for Targeted
Media Partner to become the “SMB marketing specialists”
that will manage their local advertising efforts and optimize
their spend
New Markets
While newspapers
have traditionally circulated throughout a city – their
distribution was far too wide for most local neighborhood
advertisers to utilize. This created a wide open opportunity
for the direct mail and community advertising products. The
Targeted Media Partner solution creates a channel to reconnect
with these valuable advertiser’s and an excellent opportunity
to brand the newspapers products and win back market share.
New Revenues
New revenues developed
with a zoned shopper product will not cannibalize a newspaper’s
existing business. In fact, it will allow the newspaper to
sell existing advertisers more advertising. The new product
will open up a new market for the newspaper that has never
been effectively developed. It will allow all departments
of the newspaper to sell additional and new advertising to
advertisers that need and already purchase the results obtained
through zoned targeting. Importantly, it will allow the newspaper
to put pressure on any and all local direct mail advertisers
and take back the local market.
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