How newsagents can help magazine publishers
Any publisher wanting to sell more magazines ought to read this – if they really want to sell more magazines that is. Rather than throwing money at expensive subscriptions sent through the mail, publishers could do better providing newsagents with deals for an over the counter subscription pick up.
Take the Bulletin. It retails for $6.25. If I subscribe, it costs $129.90 a year and they mail it to my home. In my shop I sell between 6 and 12 copies a week. I think I could sell more by offering an over the counter subscription – customers would have to pay up front for a year. The difference from the current subscription offering is that the magazine would not be posted – the customer would pick it up.
A regular Bulletin customer in a newsagency might buy 70% or thereabouts of copies a year. An over the counter subscription offer could get that to 100%.
Newsagents have excellent technology to manage subscriptions at the counter and back office including the ability to SMS text message customers when the magazine comes in.
Many customers would prefer to pick the magazine up. I’d like their traffic.
Publishers show in the subscription order forms in their magazines every issue how much money they will throw to acquire subscription sales. Let newsagents be part of the acquisition process and I’d expect net sales growth to be achieved.
While I can sell subscriptions now, they are for mail delivery. What I am proposing here is different.