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How Many
Magazines Should be on Your Schedule?
There
is absolutely no doubt that concentrating your advertising in a
few publications provides a significantly greater return on investment
than spreading the same number of ads across many.
First,
consider the issue of coverage. Studies undertaken by McGraw-Hill's
Laboratory of Advertising Performance based on five different fields
show that, on average, if you are using five publications in a given
field, the leading publications will provide over half the coverage
provided by all five together - an average of 66 percent. Succeeding
publications add increasingly fewer readers; the fifth publication
is shown as adding only an average of 17 percent of the total coverage.
Next,
consider duplication. The leading publication, as mentioned, provides
66 percent of the total coverage; the second publication adds 20
percent more unduplicated readers. And the third, fourth, and fifth
publications add only seven percent, four percent and three percent
unduplicated readers respectively.
When
the cost factor is recognized the picture becomes even clearer.
Cost and coverage are not added at the same rate. For example, the
fifth publication on the schedule adds only three percent, but each
of those new readers costs 18 times as much as a reader of the leading
publication.
There's
much more supporting research available. It all points to the same
conclusion: Concentrate your advertising in the top publications
in your field.
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