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Australia has hundreds of smaller niche publications. These consumer and business / trade publications play the most vital role within each of their specific industries.

IF you are a business and want to connect with your target market these media, publications, news portals are the key to managing stakeholders, customers, prospects.

Content marketing is vital, advertising is vital, working with the media to sell you as a market leader is key to ongoing profitability / communications management / demand management.

Be the message about a new product, a pending sale, a merger, a rebranding; what is the message – if you have a message you need the media.

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Courting media consumers with a customized approach

By Rande Price, Research VP – DCN @Randeloo

 

The pandemic triggered further consumer reliance on media for entertainment, information, and social connections. As consumers reenter life outside the home, publishers are assessing how they will maintain strong post-Covid consumer relationships. Deloitte’s new report, Digital Media Trends, 15th Edition delves into this issue. The analysis identifies consumer attitudes and behaviors and how to best serve their needs to form a strong relationship. The research is based on the survey results of 2,009 US consumers in February 2021.

Driving subscriptions

Consumers have multiple free and paid entertainment choices competing for their attention. Content and cost are key factors driving paid video subscriptions. Content, no cost, and ease of access are drivers for ad-supported video services. Consumers often assess subscription costs based upon their willingness to offset price by viewing advertising.

Nearly the same number of consumers prefer to pay for content as those that prefer ad-supported services. Interestingly, 40% of respondents prefer to pay $12 a month for a service with no ads versus 39% preferring a free service with 12 minutes of ads per hour. Understanding how ad-related preferences and expectations around personalization and privacy impact consumer choice is crucial to driving subscriptions, paid or not.

Consumer frustration and churn

The flip side of acquiring subscribers is retaining them. Listening to consumer frustrations is an important action step for all businesses.

Deloitte’s identifies audience dissatisfaction when:

  • Content they want to view is no longer available on the service: 66%.
  • They must subscribe to multiple services to access the content they want: 53%.
  • They find it difficult to access content across so many services: 52%.
  • A service fails to provide them with good recommendations: 49%.

Anchoring consumers in a customized user experiences with an ease of navigation builds audience engagement and prevents churn. The report states the churn rate for streaming video services remained constant at approximately 37% measuring from October 2020 to February 2021.

Impact of data economy

Consumers are wary of data collection. They want more oversight in the data economy and question the value they get from its collection. In fact, eight in 10 respondents (82%) believe they should be able to view and delete the data that companies collect about them. Further, 78% said providers are responsible for protecting consumers’ personal data. Looking to put controls in place, 77% say the government must do more to regulate data collection and its usage. Importantly, publishers should assess ad-related preferences and consumer expectations around personalization and privacy to inform their internal policies.

As media companies navigate their subscription practices, they must continue to keep consumer preferences in focus. An emphasis on data and analytics is key to create a personalized entertainment service for consumers. Further, a customized user experiences makes it easier for subscribers to find content they want to view. Improving the interface with personalization and ease of use strengthens the audience connection. As the competition for audience grows tighter, it’s necessary to take actions that support developing and maintain a strong relationship with the audience.

 

Clemenger Media Sales, CMS, Clemenger Consulting, Clemenger is advertising, marketing, media buying, media buying agency: if you want to buy media, advertising, if you want to buy radio advertising, buy magazine advertising, do you want to buy digital media, are you buying TV advertising, or want content marketing, media sponsorship – Clemenger can help you. We give you the above / this news to help you learn / live / continually improve (call or email if you need help with your media / advertising / marketing investment (we are Australia’s home to niche media :

 

Courting media consumers with a customized approach