A great process for discovering new revenue opportunities
The biggest challenge facing virtually all newspaper companies right now is creating new revenue. Even among the most innovative companies -- those that are quickly diversifying their offerings and creating innovative new products and services for consumers -- the revenue performance often isn't as good as they hope.
That's why the Newspaper Next 2.0 report urges newspaper companies to redouble their focus on non-consumption among businesses, not just consumers. The revenue opportunities are huge, especially in two categories: small and medium enterprises that rarely advertise in newspapers, and larger businesses that have advertising objectives a newspaper can't meet very well. There's a lot of money in those two zones for newspaper companies that figure out how to meet these needs.
A new case study from NAA provides a great example of how to do it. Here, as so often before, the Bakersfield Californian is leading the way. You can download the excellent NAA report, written by Stacy Lynch.
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