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January Is Coupon Month

If you are like me somewhere in your home you have a drawer full of coupons that magically landed in your mailbox. For me personally given the fast food junkies who live in my house that drawer is full of restaurant coupons such as Mcdonald’s, Harvey’s, Montana’s Cookhouse, East Side Marios, Boston Pizza you get the idea. And yes that is really what is in that drawer as I just double checked. If you pay attention like I do you will notice that your mailbox is jammed in January with these types of deals. This is not a coincidence as these chains have focused marketing departments that rely heavily on analytics while being very ROI driven. In reality the most important stat for coupon advertisers is redemption and simply put this is higher in January than any other month hence the repeated annual cycle. So why the heavy response in January? It really is a common sense approach. The month of December is our biggest retail month of the year in terms of spending for obvious reasons. Many Canadians put themselves into debt and spend the coming months catching up. So naturally this results in consumers looking for deals, and more specifically coupons over the coming months. This hits its height in January as the credit card statements are actually coming in, the weather is gloomy, people are more depressed and everyone is looking for a bargain. In some cases this may be a psychological effect but either way it drives major spending through coupons.
There are numerous ways to reach this audience such as your local Metroland newspaper, one of our direct to door products such as FlyerMail, a direct mail campaign (see Metroland’s Simpofly for an easy way to do this) or an online campaign through a deal site such as WagJag or Save.ca.
I am going to provide one example of one of my direct to door advertisers A&W who often has a campaign in January. If I take just one market of 54,000 doors in FlyerMail which is a $2500 total investment they will get upwards of 2000 coupons back which is a 3.7 per cent redemption rate. You don’t need to be a mathematician to figure out when the offers are structured properly this has a very high ROI.
So the time is now to start planning for January, get your offers in place and come up with a strategy so that you can tap into an audience that is out there looking for deals and ready to spend but you need to have the correct bait to reel them in.
Follow me on Twitter @Geoffjosey

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FlyerMail introduces new Multimedia bundles

FlyerMail a division of Metroland Media in the east region has introduced 2 new multimedia bundles for the 4th quarter that combines direct mail, mobile marketing, Save.ca, and newspaper display advertising. If direct mail is your thing but have the need for a complete marketing strategy this could be the platform for you.

With these packages you will receive the following:

  • 54,000, 2 sided, full colour flyers mailed through Canada Post.
  • 120,000 or 240,000 annual geofencing impressions which is our location based mobile marketing platform targeting over 30,000 premium Canadian websites.
  • 1/8 page full colour ad in the local Metroland newspaper.
  • Your FlyerMail flyer posted on  Save.ca for 30 days targeted to your market.

If you want to run in FlyerMail 6 times per year the monthly cost is just $1105 per month. (54,000 flyers 6 times per year, 120,000 annual geofencing impressions, 6 newspaper ads per year, your flyer posted on save.ca 6 times per year) If you want to run monthly in FlyerMail the cost is $1940 per month.(54,000 flyers 12 times per year, 240,000 annual geofencing impressions, 12 newspaper ads and your flyer posted on save.ca every month.

If these packages do not suit your marketing needs we will come up with custom packages that work for your business.

Follow me on Twitter @GeoffJosey

The Modern Day Print Advertising rep

Oh how the life of a print advertising media rep has changed. For the first 20 years of my advertising career life really was pretty simple. I sold one product which for most of that time was flyer distribution inside newspapers. I worked very hard, built up an account list in excess of 1 million dollars annually which is a lot of local flyer distribution. My job consisted of convincing local business owners as well as national agencies, big box stores, grocery chains etc that they should be distributing their flyers in newspapers that I represented and I did that job with much success. This is after all how I initially established myself in the industry. At the time I saw myself as a passionate, hardworking “flyer guy” and if you asked me then I would have told you that what I was doing was very complex and it was to an extent. Most newspapers did have specialists to deal with this part of the business and still do. I decided to move on for a new challenge and start my own company FlyerMail which provided me the opportunity to diversify myself by adding commercial print and graphic design to my areas of specialty. Again this seemed to be a huge challenge at the time but I was about to discover that my life as a print media advertising sales professional was about to drastically change with the sale of FlyerMail to a multimedia giant in Torstar.

After I sold to Torstar I came back thinking that I would continue to drive FlyerMail for the new company which I did. I knew there would be some minor changes such as the format, design, new printer etc but overall I would be pushing one product. Sure there was the co-branding with an online flyer site in save.ca but for the most part my life would be the same. What had changed since my last stint in the industry was the business was no longer just about newspapers. In fact newspapers were no more than one of the many core products that I was expected to push. I was expected to push our many digital platforms which included content marketing, daily deal sites, flyer sites, impressions, IP targeting, take overs, audience extension, retargeting and this barely scratches the surface. There were magazines, newspapers, direct mail products and a heck of a lot more. What happened to the days when all we had to worry about was asking “do you want to buy an ad in next week’s paper?”  Well it was clear those days were gone. The message being sent was simple if our industry was going to survive we were going to be hitting the streets with a multimedia approach with a heavy focus on digital. So that’s just what I did. We were now packaging digital with FlyerMail which was a natural for me as we had a Flyer site (save.ca) and to be honest adding a measly $120 for the online portion on a $3000 direct mail campaign was easy. But I had so much to learn in a short period of time. I knew I needed to embrace the digital world so I quickly learned all about our content marketing initiatives (In Your Neighborhood) and I sold this is waves. I was shocked at how easy this was and how badly my clients craved this once I hit the street. And for $300 per month which included business profiles, monthly content, video production, online advertising, social media there was a lot of value for the price.  And guess what? About 80 per cent of these customers bought newspaper advertising as part of their annual contract. So we were using our strong digital platform to sell newspaper display advertising. What a far cry from the old days when we sold all print customers a $12 upsell on their ad to put the ad online.

My life as a print advertising rep has definitely evolved as now I call myself a true multimedia rep. It’s about listening to the customer and selling them what they need which for me is more and more becoming a digital platform whether on its own or part of a print buy. For print media reps to not only survive but grow they need to embrace this approach or very shortly they simply won’t exist. The days of “a half or a full page this week?” are gone. Listen to your customer and put them in the advertising product that will best suit their business even if that isn’t a full page in the local newspaper.

Follow me on twitter @geoffjosey

Previous blogs

https://geoffjosey.wordpress.com/2014/09/20/print-advertising-is-dead-i-guess-i-missed-the-memo/

https://geoffjosey.wordpress.com/2014/09/03/tis-the-season-if-you-work-in-advertising/

https://geoffjosey.wordpress.com/2014/08/23/online-advertising-its-about-more-than-just-the-click/

https://geoffjosey.wordpress.com/2014/08/17/multimedia-blog/

https://geoffjosey.wordpress.com/2014/08/17/have-local-business-interests-get-involved-in-the-community/

https://geoffjosey.wordpress.com/2014/08/12/using-twitter-as-a-business-tool/

https://geoffjosey.wordpress.com/2014/08/07/extreme-couponing-in-canada/

https://geoffjosey.wordpress.com/2014/09/27/why-all-small-and-medium-size-businesses-need-a-content-marketing-strategy/

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Extreme Couponing in Canada

By now we have all seen the television show Extreme Couponing and envy coupon goers as they walk through the lines with $1500 in product and actually end up getting cash back which to me is absolutely insane so thankfully we do not coupon this way in Canada. Canadian retailers do not allow these loop holes as most do not accept coupons on coupons, multiple coupons for the same product you get the idea. There almost always is a disclaimer to prevent this so it’s much different but still very effective. Couponing is still a very popular method to track campaigns for advertisers as well as cost savings for consumers. The way we clip coupons has changed over the years it has shifted from newspapers to online sites such as save.ca pictured above. There are many sites like this to surf and if you want to be a frugal shopper you can save hard earned dollars especially if you make it a weekly habit. Although the coupon craze is no longer in newspapers for the most part they are still out there in print through direct mail. Flyermail  a company I founded and sold to Metroland is an unaddressed direct mail product made up of multiple flyers many of which include coupons used by advertisers to track results. Companies also send coupons through addressed mail to their customer base which is more expensive but also very effective. I have had restaurants do campaigns in Kingston on a distribution of 50,000 and get over 2000 coupons back and I recently had a local butcher shop do a 2 for 1 coupon on steaks and received over 500 back in the first week and this was on a distribution of only 20,000 packages. In both cases the advertisers were thrilled with the response and the customers are happy with saving money especially when they get a free steak! So you don’t live close by the butcher shop and the coupon is not in your FlyerMail (Save.ca) package? Not to worry our print customers are also online on save.ca so just go print off your coupon, share it on facebook, create your shopping list of coupons and eat your heart out. Whether you are an advertiser or a consumer I make my living making you happy and this trend isn’t going to change anytime soon. Follow me on Twitter @GeoffJosey