In my previous post, I pointed out how vertical B2B media companies need to focus on their strength, which is knowing their audience, as blogger Prescott Shibles posted. And now I just realized I had a good example on my desk…
We talked to a sales rep for WWJ radio in Detroit, which is weird for a small, B2B company like ours. Turns out that what he was selling wasn’t air time, but sponsorships in a newsletter they send out. Seems they have been able to parlay their close ties with the automotive industry into a publication called “Autobeat Daily“, which is a daily digest of auto industry news. They also have a sister publication called “Autotech Daily” which focuses on automotive technology.
They have 80,000 subscribers to Autobeat, which is a $125 annual subscription. But here is what they deliver that makes them a good example of what Prescott Shibles was saying: They have a demographics on their readers that makes every ad and click all the more valuable to those who are marketing to those types. For example, 43% of readers work for tier-one suppliers. Even more compelling is the fact that 76% of readers read it daily, and before noon.
Technically, the publication is in a PDF file that is easy to get passed around, too. The layout of the newsletter is made to be easy to scan-and-scroll, which I think is a great simplification that makes having to open an attachment acceptable. And they have a pro editor who has been in the auto industry for years. All that being said on the positive, their ad rate is $1,100 per issue for a banner ad, which is apparently still a hard sell based on the filler ads they’ve been running.