The Importance of Print Advertising to your Marketing Campaign

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*from Raeanne Meyer, www.mcarusselljohns.com

While print advertising may seem “one dimensional” it’s not nearly as bland as you might think. The importance of print advertising to your campaign is actually a lot more far reaching than you might think. Print advertising actually has the ability to do some of the things that almost no other advertising is able to do at all.

Longevity–  After the funds have run out there is pretty much no other type of advertising out there that has the ability to hang around quite the way that print does. Magazines are often found lingering for months and in some cases even years after they are published. Newspaper ads are convenient to rip out fold up and keep in your pocket so that you can tack it up on your refrigerator until you are ready to use. Often our reps will hear from their advertisers that they received response from their ads weeks if not months after their ads stopped running because someone told them that they cut out the ad from the newspaper and saved it until they were ready to buy.

Cost effective– While pay per click was definitely a hot topic for several years, in reality, nothing really translated the way that they expected. The close of all of those clicks can start to compound before you even get a sale.

Resonates– The in your face aggressiveness of digital advertising as well as the ability to fast forward through our television programming has given nearly everyone the uncanny ability to drown out almost all advertising in general. Print advertising defies the odds. In fact most people actually do stop to look at advertising when they are able to do so on their own terms rather than being bombarded by them every where they turn. Studies show that the importance of print advertising to memory is actually quite profound.  People are better able to remember and recall ads that are found in print for a number of reasons, the ability to touch being one of them, and the other being that when people look through a magazine or a newspaper they are doing so at a time they are designating for that purpose. Thereby making them more engaged than they would have been viewing the same ad on one of their digital devices.

Trustworthy– Today it seems like almost anyone can create a Facebook page and set up a pay per click campaign and set up a website with a shopping cart faster than it takes a person to drive across town. These days almost anyone can own a business and “ look” like the real deal. But in fact most people are more trusting of businesses that they see in print advertising. Even younger generations who are typically less trusting of advertising in general feel like printed publications actually have valuable information for them.

The importance of print advertising is evident in almost any campaign. The addition of print advertising to an existing media campaign has shown to improve the results of a number of other types of advertising from TV to digital.  People are more likely to remember an ad as well as connect with a brand image.

 

How Much Does Direct Mail Marketing Cost?

*from Mediaspace Solutions

Did you hear the news? Print is dead. Did you hear the other news? The idea of print being dead is completely bogus.

Data continuously shows that consumers respond favorably to direct mail. And here are some stats to back that up:

  • 59% of U.S. respondents and 65% of Canadian respondents agreed with the following statement, “I enjoy getting postal mail from brands about new products.”
  • An International Communications Research survey found that 73% of consumers actually prefer snail mail over other advertising methods.
  • 40% of consumers try new businesses after receiving direct mail.

What do these numbers indicate? When done strategically, direct mail is a fantastic way to increase revenue for your business.

Before we discuss costs, let’s figure out which type of direct mail piece will be the most effective for your brand. While research from the Data and Marketing Association suggests that the response rate is typically highest for oversized envelopes (as opposed to, say, a letter-sized mailer), you’ll still want to determine what will work be best for your campaign goals.

Which is right for you is going to depend on a few different things:

  1. What’s your budget? – Oversized mailers and catalogs are more expensive to design, print and ship (because they are heavier).
  2. What are you selling? – If you sell a more serious product, like insurance for instance, you most likely will want to send a traditional letter. If your offer is more fun, you can create a colorful and eye-catching postcard.
  3. Who is your campaign targeting? – If you’re nurturing past customers who already know what you’re about, you won’t need to give them so much information. A letter or postcard will do. If you’re targeting cold leads, you might need to send a bigger brochure so they can learn more about you.

If you’re interested in the more expensive direct mail pieces, it’s a good idea to do a test run on a smaller group so you can measure how well it converts before going wider with it.

Direct Mail Costs

Direct mail pieces can cost anywhere from 30 cents to more than $10 per person, depending on how much you spend on design, marketing copy, mailing lists, printing, and distribution. Some organizations do much of this inhouse and wind up only paying for printing and mailing.

Let’s break down these individual cost factors:

Design Costs ($0 – $100)

When it comes to designing your direct mail piece, you have a few different options:

  • DIY – If you only require something very basic, like a renewal letter, you should be able to create something suitable in Microsoft Word.
  • Use a template – You can find numerous online sites that sell templates that cost around $10 on average.
  • Hire a professional – If you need help in the creativity department, your best bet is to pay a professional print designer. You may use someone local in your area, or find a freelancer online on sites like UpWork.

Marketing Copy Costs ($0 – $100)

If you have a very small budget, you may have no other choice but to write your own marketing copy. However, if you have a bit to spend, we always suggest clients hire a professional copywriter. This copy has got to be persuasive and there is an art to getting it just right. Copywriters, good ones anyway, are trained to write content that hooks the reader and gets them to buy.

Mailing Lists Costs ($0 – $0.30 / record)

Free mailing lists can be had by either gathering data you already have on your current customers, or by doing a trade of your info with another business in your industry.

If neither of these options is possible, you’ll end up paying anywhere between .02-.30 cents per record. The cost will vary based on the quality of the data, how many records you buy, and how many times you can send to the list (make sure you’re clear on that last part).

Printing Costs ($0.03 – $2.00 / person)

Printing costs will vary based on the following:

  1. Black and white vs. color
  2. Paper quality
  3. Paper size
  4. 1 sided vs. 2 sided
  5. Number of pages
  6. Quantity

Visit any online printing business to find out exact printing costs for your campaign.

Distribution Costs ($0.25 – $2.00 / piece)

Of course, the final cost you will have to consider is mailing costs. Prices fluctuate and are dependent on the current postage rate, the amount of mail you send, and how much all of that mail weighs. Remember, the bigger the pieces, the heavier the order, and the more you’re going to pay.

Direct mail, if done right, is both an effective and cost-effective way to market your business.

5 Reasons Print Advertising Works

*Taken from LinkedIn article by Sabline Carbaugh

Advertising is nothing new. However, as the years go on, more and more techniques are surfacing while others are being thrown aside.

The Internet is Not the Only Place to Advertise

Print Advertising is still a viable way to diversify your ad campaign. Print advertising in particular used to be the go-to technique for advertising. Nowadays though, companies worry that consumers are no longer looking in the places that these advertisements are placed. For example, advertising in a newspaper was once incredibly popular, but lately customers are often reading their newspapers online or on their phone so companies look to online advertising once again. However, companies shouldn’t ditch Print Advertising; there are compelling reasons that Print Advertising still works:

  • Direct mail has the highest rate of success in new customer acquisition at 34% compared with other marketing channels
  • On average, an investment of $1 in direct marketing ad expenditures is predicted to return, on average, $12.18 in incremental revenue across all industries
  • Direct Marketing produced $2.05 trillion in sales in 2012 – representing roughly 8.7% of the US GDP
  • 79% of consumers will act on direct mail ads immediately compared to only 45% who say they deal with email ad campaigns straightaway
  • Direct mail ads still reign supreme, offering response rates of 1.1 to 1.4% versus 0.03% for email, 0.04% for Internet display ads, and 0.22% for paid search

(CMO Council)

  1. Print ads have a larger impact on the consumer.

    Print ads are likely to stick with a reader. There was once a study at Penn State that tested a person’s memory of online and print ads. At the end of the test, it had become apparent that print ads stuck with the consumer easier and they were able to recollect those ads much better.

  2. Print advertising can target certain audiences more.

    With print advertising, businesses can choose exactly where they would like their ad placed. Demographic breakdowns for locally owned business can be a great example of this. They go even farther to help businesses target the right people by targeting specific cities and incomes. They also target specific home ages to best suit the business that they are advertising.

  3. An additional form of advertising is incredibly beneficial.

    A lot of companies have completely ditched the use of any marketing that isn’t online. They view online marketing as cheaper, easier, and more likely to get results. However, even if your opinion sways in the favor of either print advertising or online advertising, using both is much more effective. Print advertising is definitely not dead and viewing it in that way is likely to cause your business to miss out on some important customers.

  4. There are actually people who don’t use the internet.

    Yeah I know it’s kind of crazy to think about it nowadays, but it is true. There are people who couldn’t care less about using the internet and those people should not be forgotten. If these people are completely disregarded just for the sake that online advertising is easier, then business could miss out on many potential customers.

  5. It’s tangible, thus more trustable.

    The internet is flooded with fake advertisements that can lead you to getting a virus or having some dirty pop-ups cover your screen. The latter of which is an incredibly awkward thing, especially if your significant other walks into the room at just the right time and you are found with the pages opened up all over the place. Print advertising can’t even do any of this, thus people don’t view them as scams like they do a lot of internet ads. On top of this, the internet is still viewed in a cautious light and print ads have been around forever and people have no reason to mistrust them.

Print Is Not Dead

As you can see, there are many reasons print is still a viable option as a part of your advertising campaign. Print will work synergistically with your online and other advertising methods to produce valuable results for your company. Remember advertising is all about experimentation; and for an experiment to yield good results you need to use many variables; discover for yourself how print advertising can benefit you.