A article in Knowledge@Wharton, University of Pennsylvania's Wharton School business journal confirms what many of us within the printing industry already know: print marketing continues to outperform digital methods.
The article quotes Wharton marketing professor Eric Bradlow, who says, "print offers marketers a clear advantage over digital media, such as email. "Many people see email as impersonal and costless to write," he says. "People want to feel special. In marketing [terms], email is transactional; paper is relational."
Print also plays nice with digital communication. Tricia Robinson, vp of market and product strategy for email solutions provider StrongMail Systems provides an example of using initial email marketing to gauge interest before a direct mail piece is sent:
We're seeing more and more companies integrating email with catalogs and other forms of direct mail. Sending catalogs is expensive. You want to encourage people to read them, so you send emails saying their catalog is coming.
When I send out emails, I get an open rate of 40%. I can then send each one of them another message based on that behavior. We can drill down quite a bit. The goal is to set up campaigns so that e-mailers can market based on behavioral traits
The article also contains other quotable gems:
Brendan Hoffman, president and chief executive of NeimanMarcus.com says, "even though print is expensive, it gets the job done. While the web site is the company's biggest single outlet in terms of sales volume, it is through print catalogs that customers are motivated to visit the store online. "We send out approximately a million catalogs a year, and about 99% are thrown out," says Hoffman, "But when we stop mailing out those catalogs, we lose customers." There are, he says, no plans to stop."
Gary Lindsey, vice president of marketing at the Parent Company says, "There's real return-on-investment from those catalogs. About one-quarter of our customers come back to the web site and spend, based on our emails. When we send them catalogs, about 36% return and spend." His conclusion: "People love shopping online, but there is something powerful when you combine print and Internet."
Discussion
By max on Mar 21, 2008
A tiny local blog was launched for a community of 2,300 households (http://flyingpickle.co.nz). The traffic was minimal even after a heavy promotion in shops and on noticeboards.
Then we set it up with ZetaPrints system and launched a print edition. Yes, it was a weekly print edition of a community blog, free to every letterbox. Everything was laid out online and the print ads were built online also (http://print.flyingpickle.co.nz/). It was run by 1 person in spare time, no worries, no sweat.
The traffic went to 2000 page views a week from population of just over 6,000 people and remained constant.
Then we stopped the print edition after 2 months. The traffic dropped to ~ 200 page views a week. It's not really used at the moment at all nor I expect it to without the support of the print.
It was a good proof of concept.
1. you can get page views from print
2. you can get local eyeballs looking at your blog
3. you can make money combining blogging and print advertising
A no brainer really, but everyone told me it wouldn't work. It did :-)