AMERICAN PRINTER announces Marketing Services program for commercial printers
In August 2009, Penton Media’s (parent company of AMERICAN PRINTER) research department conducted a study of the commercial printing industry. The study generated 551 responses from printing industry executives. Research objectives included guaging participants’ awareness of virtual trade shows, discovering subjects of interest for online education, identifying trade show attendance intentions and industry information preferences for content and product purchases.
Now, before reading any further, printing industry suppliers and printers themselves should know that over the past 12 months this same Penton Media research department conducted studies for Microsoft, TD Ameritrade, IBM, UBS and SAP to help them gather market intelligence. Although these ‘blue-chip” firms have significant research resources, they still relied on the “vertical expertise” Penton offered in their markets of interest.
Further, the study has a margin of error of +- 5% at a statistical confidence level of 95%. This means that if the study were conducted again over the same sample the results would be the same 95% of the time. I mention this statistic because I know the suppliers serving the commercial printing industry are a skeptical bunch. So, if you doubt the findings, and you might because they are disturbing, we will give you the questions and you can go out and do it yourself and get the same results.
The research results revealed that commercial printer executives ranked supplier salespeople (60%) as the No. One preferred source of product information. The second most preferred source of product information was from advertisements in trade publications at 41%. Ranked third was trade show attendance at 38%. Surprised that print advertisements scored so high? Remember, if you think the data is self-serving, we invite you to execute the same study yourself.
Now, this is where things get interesting. Fifty-three (53%) of printing executives responded that they meet with 2 or fewer sales reps per month and 68% said they meet with 3 or fewer reps per month. As past NPES research shows, executive management personnel in printing firms are the ones making key buying decisions. So, it is worth considering the odds of your message being delivered by your sales representatives to the correct executives when there are hundreds of industry suppliers out there vying for the same meetings.
E-mail advertising from suppliers ranked seventh and was cited as the preferred source of supplier information by 9% of printer executives. This score is not surprising as everybody seems to be buried in e-mail messages from all kinds of sources. Data measuring executive trade show attendance roughly parallels actual attendance figures released by GASC.
Suppliers have to be wondering how to more effectively communicate their unique benefits to the commercial printing executives.
So what do industry suppliers do next?
One option in communicating with your printer customers and prospects is to continue doing the same things that you are doing (or not doing) now and take your chances. If you choose this route, you might want to study up on some terms in the new marketing world like content marketing, social media, mobile marketing/messaging, search engine optimization, 2D barcodes, viral marketing, prospect engagement, lead nurturing and video messaging.
A second option is to understand and embrace the fact that we live in an integrated marketing world. Your printer customers are getting product information from many different sources, as our research clearly shows. It is up to the senior managers of printing industry suppliers to decide whether or not they want their company messages positioned where printers are absorbing information.
Then, you have the ability to take action. Facts are, most of the printing industry supplier marketing people have left the industry, voluntarily or involuntarily, along with their advertising agencies, except for a couple fine agency firms with many years of printing industry knowledge like Blair and NAK.
Beginning in June, Penton Custom Solutions (PCS) will expand its portfolio of marketing services further into the printing industry to provide needed marketing expertise. To give you an idea of the capabilities of Penton Custom Solutions, PCS is producing AMERICAN PRINTER TV. PCS has created microsites for Kraft and Texas Instruments and manages all content on those sites. PCS will manage a turn-key virtual trade show for Microsoft, create and manage mobile applications (go to the app store and download FMI2010 for an example) and continue leveraging our research department to provide client intelligence to produce custom publications and newsletters (TD Ameritrade). PCS will execute 350 webinars this year and 15 virtual trade shows which will produce tens of thousands of leads for their sponsors.
Through AMERICAN PRINTER, printing industry suppliers will be able to immediately tap into our commercial printing industry “vertical” expertise in all of the new marketing areas I mentioned above. And, you can do all of this while leveraging the trust, reach and readership of the good old printed pages of AMERICAN PRINTER magazine. In a short period of time, it will become clear which industry suppliers have decided to utilize the marketing firepower PCS will generate in executing their marketing and lead generation programs. For more information on PCS, go to Penton.com and click on the Custom Solutions tab. Or contact Joel Frazier at Joel.Frazier@penton.com.
For Printers
Much has been published by industry consultants on how printers have to transform themselves into Marketing Service Providers. Has anyone defined the elements of “marketing services” and provided a way for printers to offer these services? Penton and AMERICAN PRINTER have done this for you.
Penton data, which includes primary and secondary research (note that Penton owns the Chief Marketer franchise), shows that many marketing dollars that your customers used to spend on printed communication are now being spent in the following areas:
>Search Engine Optimization
>E-Mail Marketing (Penton publishes over 200 e-newsletters and executes hundreds of e-blasts)
>Website Design and Development (Penton has built and manages over 150 websites)
>Content marketing
>Metrics/Analytics/ROI measurement
>Social Media Marketing
>Video/Online TV
>Mobile Messaging
>2D Barcodes
>Lead Generation/Lead Nurturing (Penton can provide lists in any industry at the most affordable rates in the business through our affiliation with major list supplier companies)
Add in all of the services mentioned above for industry suppliers.
Starting in July, printers can recapture lost print revenue by offering the above listed services to their clients via AMERICAN PRINTER and Penton Custom Solutions. In other words, AMERICAN PRINTER can get you back in the game by enabling you to position your firm as a true marketing service provider.
In about a month, full details will be released on the Marketing Service Provider Program, including a strategic partner.
I look forward to working with you on these game-changing programs.
—Scott Bieda
Publisher, AMERICAN PRINTER
VP, Penton Custom Solutions