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BUSINESS PLAN Advertising, Promotion,
and Public Relations Plan
Objective: Communicate
the value of newspapers using the language agencies and advertisers
will understand and act upon.
Build the CNA brand.
While CNA is known among many Iowa advertisers
and agencies, it is not known among many of the targeted national
and regional advertiser prospect groups. Therefore, any promotion
program aimed at media decision-makers must:
Define CNA as a media planning and placement brand.
Build awareness of CNA among media decision-makers in the
national and regional target categories, and among Iowa advertisers
and prospects.
Develop and Implement customized brand
promotion programs aimed at selected national and regional prospects
and Iowa advertisers.
Public Relations
Expand and enhance the new CNA Web site
for effective use by media buyers and planners in Iowa and in
national and regional agencies that are prospects for CNA.
Develop special newspaper effectiveness demos, a newspaper
CD-Rom, and CD-business card. Develop software that makes it simple
for the media buyer to put together his or her own CNA newspaper
plans and buy.
Implement a publicity program to build credible awareness
of the CNA brand. The program will include pertinent newsworthy
information about newspapers in general and Iowa newspapers specifically,
results of the media decision-maker research, and new products
developed as a result of the changes in the marketplace.
Direct mail
Build an in-depth database of media
decision-makers and influencers including third party placement
services in each of the seven national and regional categories,
plus Iowa's major prospects for new newspaper and other media
packages.
Develop and implement a customized direct mail program
aimed at the database defined above. Some of the possibilities
for mailing include specially designed newspaper mock-ups; "comp"
subscriptions to daily/weekly papers (one per day) with message
to specific target audiences; a "hip" alternative newspaper
for agencies but involve university students in its creation;
"unique" facts about newspapers that relate to current
buying situations; or custom-designed media kits.
Evaluate the feasibility of a periodic e-mail/attention-getting
newspaper newsletter as a means for brand building.
Investigate the possibility of implementing a broadcast
e-mail program directed to agency executives and client decision-makers.
Promotion
Expand the existing advertiser seminar
series to reach advertisers and agencies in the major Iowa markets
(Des Moines, Cedar Rapids, Quad Cities, Sioux City, Mason City,
Dubuque), Sioux Falls, Minneapolis, Kansas City, Omaha, Detroit
and Chicago. This format is the best way to introduce the new
Web site and other value-added aspects of CNA brand.
Investigate further the feasibility of establishing a media
director (planner) of the month, agency days, a mystery media
sales person campaign, and newspaper days.
Advertising
Create and launch a CNA brand-building
program among advertising decision-makers in the Midwest and among
Iowa's business community. This will likely include a limited
number of trade publications (Adweek Midwest), and targeted Iowa
newspaper business sections and business magazines.
Develop and produce a statewide multi-media (newspaper,
radio and/or television, outdoor) campaign to remind, reposition,
and ignite reader and advertiser interest in newspapers. This
campaign, sponsored by CNA, would be designed to reinforce the
value of newspapers to the general readership as well as advertising
decision-makers in Iowa's business, retail, and advertising communities.
It is likely to begin with the use of in-paper advertising, media
trade-out with broadcasters, and possible corporate sponsorship
of promotion outside of Iowa.
Sales Plan
Objective: Develop
new relationships and build partnerships with advertisers and
their agencies in selected national and regional categories, and
help Iowa publishers build stronger partnerships in the Iowa markets
they currently serve. Create a national/regional account sales
team to focus on targeted national and regional, and selected
Iowa clients and prospects.
Prospect and sell six target categories:
Automotive, Tourism, State Advocacy, Fast Food, Agribusiness,
and National Advocacy. Continue discussing how best to handle
the enormous chain store category.
Use a four-step sales process: (1) Pre-call research of
prospect's product and market(s), (2) Initial call to gather more
information about the prospect, (3) Proposal preparation and presentation,
and (4) Follow-up.
Develop a series of reasons for media decision-makers to
give CNA's sales representatives and Iowa sales representatives
the opportunity to present the case for newspapers. Develop relationships
through knowledge sharing. Some of the door-opening possibilities
include:
- Tailor-made products to fit an individual advertiser.
- Information prospective buyers can't get from elsewhere.
- Data on how newspapers can reach his/her target audience more
effectively.
- Research on a prospective advertiser's customers. This will
give the sales person important information that is also of value
to the media decision-maker.
Support the sales effort with effective marketing and media
research. Find out what kind of information would help the advertiser,
and then gather it. Research information should be available on-line
and via e-mail. See Product Development Plan for details.
Provide sales force with needed promotion and advertising,
and administrative support.
With the help of the Iowa Newspaper Foundation,
train current Iowa publisher sales organizations to help their
customers and prospects do a more effective job of planning and
buying.
Educate publishers, advertising managers, and editors on
how media plans are built. Present information to all newspaper
sales and administrative support staff.
Establish a readership/audience-based media sales school
for Iowa publishers. The curriculum should be designed to answer
two questions: (1) What media buyers and planners look for in
today's media environment, and how they make decisions, (2) A
three-step process for building business with existing advertisers,
which includes (1) Analyzing a client's product or service category,
plus marketing and media knowledge gained from looking at a comparable
advertiser or a competitor. (2) Building two or three ad space
proposals. (3) Follow-up.
Teach the publishers and their staffs how to work most
effectively with CNA.
Marketing, Media, and Product Development
Program
Objective: Help CNA newspapers better
serve their advertisers and prospects, by offering products and
services that effectively compete with other mass media, especially
television.
- Repackage and reposition newspapers to focus
on readership and demography rather than circulation and geography
of newspaper readers.
- Integrate syndicated media research demographic, psychographic,
and mediagraphic information into all newspapers and into all
major CNA sales presentations. This will be especially helpful
in understanding and defining prospect target audiences and
in defining new opportunities for newspapers. It will also provide
CNA an understanding of how newspapers are viewed by media decision-makers.
- Present readership information by demographic categories,
so that agency and client media personnel can evaluate the medium
and buys efficiently. Know who is reading what in the paper
and provide that information to the advertisers.
- Present newspaper readership data in the language of television.
This means talking audience and not circulation, and using such
terms as gross rating points, audience cumes, and media reach
and frequency. Television has created the language and has taken
the initiative to make it the language of the media buyer. To
effectively compete newspapers will need to talk the language
of the buyer and advertiser.
- Create"new" products, which make it
easier for media decision-makers to evaluate and buy newspapers.
- Develop new networks (and display offerings) of newspaper
readers that conform to the way advertisers and agencies purchase
media: Target audiences within specific ADIs or DMAs. Evaluate
the feasibility of sectionalizing the newspaper to fit specific
audience groups: Seniors, teens, sports addicts, business, travelers,
kids, home and garden, ethnic groups, pet owners, political
junkies.
- Integrate the Internet into all product development work in
order to take advantage of both the technology and its ability
to deliver specific and definable readers.
- Develop advertiser-targeted products as supplements to the
existing newspaper. These new advertising opportunities need
to be based on an understanding of the prospect's target audience
profiles. For example, a travel column could be sold to travel
advertisers, or a special section could be developed around
a special subject like AARP. Audience groups that offer such
opportunities include teens, travel, aging, technology, retirement,
and the stock market.
- Continue establishing CNA as a one-stop shop for advertisers
and their agencies for newspaper planning, placement, and distribution
of materials and related on-line advertising.
- Investigate the possibility of forming a new CNA/Iowa Broadcasters
Association strategic alliance to provide placement and materials
distribution for radio and television for advertisers and their
agencies.
Budget and Timetable
As CNA looks to the future and considers how national
and regional media decision-makers look at newspapers, we understand
we need to take action to reposition newspapers for advertiser
prospects and customers. The CDC research and PTF-recommended
business development plan can enable this by positioning Iowa's
newspapers for future growth and development. The plan will:
Change the perception of newspapers from "old and
stodgy" to "relevant and effective."
Add significant new sales in business categories not effectively
served by Iowa newspapers. The target categories represent billions
of dollars in potential media spending in Iowa.
Reduce CNA dependence on classified advertising and make
it less vulnerable to swings in the U.S. economy.
As every publisher knows, changing perceptions and
securing new share of market is a long-term process. CNA's proposed
business development plan requires new packaging, new services,
a new and focused sales effort, and research and communications
programs that support the sales effort. This can only be achieved
over time, and it can only be achieved if CNA reaches beyond its
borders to build relationships with a new and large segment of
out-of-state buyers.
A preliminary break even analysis suggests incremental
sales of $30 million in advertising sales would make the program
a success. While specific data is being compiled to verify the
reasonableness of this goal, we believe it is likely to be understated.
On a very preliminary basis, a number of media planning specialists
estimate each of the categories represents billions in potential
media spending.
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