02 Feb 2017 by Enrica Menozzi

Overcoming the crisis in traditional publishing in 3 steps

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Today, our world undergoes more sudden changes than ever. Globalisation has introduced the need to get news from all over the world, as we are all so deeply interconnected and interested in what goes on in every corner of the planet.

If you want to know more about the current state of the publishing industry, we have the perfect content for you. 

The publishing industry reached its peak in the last century thanks to this situation: all the 20th-century major events have been reported in newspapers, eternally printed on those big and inconvenient paper sheets.

Nowadays, however, the industry is suffering deeply from the new challenges that the digital world has brought about. If you’re a magazine publisher, fear not! Here are three useful tips that can help you overcome the crisis in traditional publishing.

Embrace innovation

What’s the point in fearing the digital revolution? As The Beatles would have said, just “let it be” - sometimes a situation that looks like an obstacle can turn into a unique opportunity.

The first, fundamental point is to learn how to exploit each situation and use it to your advantage. Changes in the market and in readers’ demands can become the starting point for a new strategy, maybe even more successful than your previous one. When planning a strategy, businessmen should always be able to analyse the needs of their target, and to offer their products accordingly.

Nowadays, readers require:

  • Real-time updates. News get old after a few hours, even minutes, so it’s important to take part in the discussion as the events are taking place. The morning edition of a newspaper or the monthly issue of a magazine run the risk of getting boring, as the topics that are dealt with have already been deeply discussed by the public. Where? Online, of course.
  • Usability. When people are in a hurry, they just want to get to the point. Online articles use a format that allows the reader to skip to the part of the text that they are really interested in, thanks to links and clickable images and titles. Moreover, the readers get the product directly at home, and they can read it on their preferred device.
  • Non-stop access. Readers always have their phones with them, and with the advent of the smartphone, internet access has become a daily practice that people just can’t give up. The best strategy for a publisher is to meet his clients in the place where they spend so much time: on the Internet.

Find your place

The market is really diverse, as are the types of readers out there. Different interests, customer profiles and necessities generate the need for a variety of formats.

For example, try and consider your ideal customer: what are his/her age, occupation, interests, place of residence, education level? Answering all these questions can help you to find the best way to reach your public.

A study has highlighted that young people in the UK use social media as their primary news source, with 28% of them reading the news online, while only 24% get information from the TV. Therefore, if your magazine is addressed to young people, you can be sure that having a strong online presence will be crucial for reaching your audience.

The Internet phenomenon, however, is not only related to teenagers. Also adults and even elderly people also use the web often, as the Digital in 2016 research shows. 46% of the global population has Internet access, a percentage which grows in Europe, where 73% of the population consists of active Internet users, with an annual growth of 3%.

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According to this, 37.67 million people use the Internet in Italy, 21.2 million in Australia, 59.47 million in the UK (where 92% of the population are users), and 281.2 million users in the USA.

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Moreover, the use of smartphones and tablets has risen 4% from last year, proving that these devices will keep playing an important role in the future of communication. Smartphones, in particular, have experienced a +21% growth in their usage, quickly replacing tablets in users’ preferences.

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Still not convinced?

Satisfy 

Imagine getting all the information you need, right now, easily and quickly. Done? Now let’s take a step further, and imagine that this information is not only educative and interesting but also entertaining. You’re probably wondering how this could be possible.

The answer is always the same: the digital format. An online magazine offers so much more value to the client than a printed one. Let’s think about the rich media, for example. With a mix of interactive contents, they make the reading experience more enjoyable and direct.

Similarly, the video format has enriched magazines with engaging content that improves users’ permanence on the website. Moreover, videos are perfect for sharing on social media, which helps spread the article among the public, increasing the number of views.

To sum up, the digital magazine is not only more user-friendly, but also more entertaining and interactive, whichhelps increase the customer’s satisfaction.

We have provided you with some suggestions that can help you overcome the crisis in traditional publishing. Here is one more tip: when facing a crisis, always remember to keep a positive attitude and be brave, because fortune always favours the bold.

And don't forget to keep updated with the world of the publishing industry, which you can learn more about in our downloadable content.

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Enrica Menozzi

Enrica Menozzi

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