the role of traditional media in the digital marketplace by beth fuchs brenner and jessica romm
TRANSCRIPT
homedesigndigitalmarke/ngsummit.com
The Role of Traditional Media in the Digital Marketplace
Jessica Romm Perez editorial director
Beth Fuchs Brenner chief revenue officer
‘s
game-changing perspective
multiple revenue streams • Magazine revenue – advertising + newsstand sales
• Digital ad revenue
• E-commerce
• Ancillary businesses
NOW
In order for traditional media to succeed in today’s digital marketplace, we must embrace the interplay between each medium.
the media model has changed.
the way consumers consume media has changed.
the way consumers shop has changed.
technology has enabled CHANGE.
design-bloggers-conference.com
What has not changed?
insatiable curiosity for new and cool
an obsession with shopping for home
confusion & intimidation around decorating
design-bloggers-conference.com
what consumers want:
What has not changed?
trusted, reliable reporting
inspirational trend-spotting
decorating advice
shopping made easier
design-bloggers-conference.com
domino delivers all of this and more!
What has not changed?
engagement
influence
customized content
what marketers want:
Points of Difference: Voice & Tone
domino speaks to the “inner” style maven within each reader
The attitude is that of an expert peer who’s not snooty or exclusive, but, rather “in the know” and eager to share…generous
domino strikes a tone of sophistication within reach
Offers fresh take on tradition, new directions within the design establishment, reverence for rebellion and willingness to
embrace risk, rewriting the rules….liberating
She COMES TO US FOR:• Offer access to experts and expert advice • Respect her intelligence and ability to make good choices • Help her decide what is right for her• Help her develop her own sense of style• Make it EASY and FUN to express her OWN sense of style across categories• Foster and support her own creativity through
customization/personalization/limited editions• Celebrate her individuality/nostalgia• Help her to imagine life’s possibilities• Are flexible/versatile• Make her more of an expert (for herself and others) • Recognize that her needs/desires change over time• Don’t force her to have to choose between function and style• Show her how to successfully navigate through all the options/offerings• Help her see HOW she can incorporate the offering into her life• Help her feel and be a smart shopper• Encourage and support “successful” risk taking• Help her embrace categories she is afraid of or disinterested in (i.e. give her a positive reason to be interested)• She can find…........BUY
What is the
domino girl
looking for from us?
Reach our audience daily with
E-mail newsletters and daily editorial
content
Commerce new products,
curated by our editors
Our quarterly magazine is
bigger than ever
These pieces work seamlessly together
How we reinvented ourselves
25
Developing personal style
At domino, we pay close attention to style as it related to
shelter, lifestyle, and fashion
Context
We put the most of the moment trends and home products in context that inspires readers what items will actually look like
in their home
Not one voice but many voices
Not one style but many styles
Not a dictator but a navigator
Not one choice but many choices
Not the right choice but the right choice for you
Not “a look” but “your look”
Not exclusive but inclusive
Not what you should do but what you could do
Not what someone else did but what you can do
Not about trade secrets but about trading secrets
Not inspiring OR practical but inspiring AND practical
Not about everything in its place but about a place for everything
Points of Difference Summary
EMAIL 920,000
e-database opt-ins
SOCIAL MEDIA 850,000+ followers
across the four key channels
WEB 800,000 UV’s 3.5 million PV’s
the growing
fan basePRINT
200,000 distribution
$12.99 cover price (newsstand AND subs)
1 billion+ media impressions since 2013 relaunch
Ad revenue up 40% in 2015
E-commerce revenue, transactions & vendor list more than tripled in 2015
Daily e-newsletter list grew by 300% in past 12 months (nearing 1 million)
1 Million Monthly UV’s by May 2016
Over 60% of domino’s fast-growing social media following is on Instagram
…and there’s more!
domino design services
licensing/domino branded products real estate
staging
domino TV show
the second domino book
Print still has an important role
Every channel has it own unique voice
If you build it, they won’t (necessarily) come
Critical to hire experts in field you don’t know:
digital content, data analytics, merchandising & e-commerce, SEO, e-mail marketing, social media
Everyone is a ‘frenemy’ online: sharing is a must
Think iteration, not perfection
Traffic is the key metric – as it grows, all boats rise
Learnings Worth Sharing