Print
Dead?
Not yet. How B2B marketers are striking gold.
by AICPA Custom Media Solutions
So you think
print is dead. Not quite, especially if you saw how a quick-thinking
eBay account-holder sold a much-wanted copy of The New York
Times of Senator Obama winning the election for $100! Yes,
there is still room for print. You can’t exactly hold onto
digital memories and leaf through it or hang it on the wall and
brag to people that you witnessed an event of a lifetime. But, you
can do that, when it’s in print. And while the baby boomers
already know this, it looks like Gen Y is finally seeing the light.
And as this new generation takes print to a different level, B2B
marketers are following their lead.
A new study conducted by Marketing Evolution, a
market research firm, found magazines to be the most efficient medium
at key stages of the purchase funnel, delivering a superior cost
per impact (CPI) than either TV or online for brand familiarity
and purchase intent. Highlighted below are the top findings of the
study:
- For brand
familiarity and purchase intent, magazines generate a superior
cost per impact (CPI) than either TV or online;
- For brand
awareness TV leads in cost efficiency, and the efficiency of magazines
is a close second to that of TV;
- Magazines
most consistently generate a favorable ROI throughout the purchase
funnel, followed by TV; and
- While each category that Marketing Evolution
examined (auto, entertainment, electronics, and pharmaceuticals)
showed a unique profile, the overall pattern held across the individual
categories.
“This study provides another proof point for
marketers who care about accountability,” said Rex Briggs,
CEO, Marketing Evolution, to Magazine Publishers of America. “Our
findings show that to optimize results, advertisers should allocate
media based on the ROI of media impact instead of using traditional
exposure metrics. More often than not, when they change their approach,
advertisers will find that magazines should play a larger role in
their overall media mix.”
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