2. Agenda
1. Case Introduction
2. Framework
3. Case Analysis and Recommendations
4. Risk Analysis
5. Vision 2020: 5-year plan
3. Case Introduction
Situation
Maintained an elite status with increasing revenue
Strong international presence
Unique work-environment and organization structure
Complication
Demand for digital content
Rising competition online
Affordable, interactive marketing strategies
Question
How should The Economist leverage “Mass Intelligence” in order to maintain its
brand identity and ensure future growth?
7. Content Business Model The E-College-ist
Digital
Only buy the topics you’re interested in.
TopicShopping
$15/yr for one topic, $25/yr for two
2 months free and reduced prices with an .edu address
8. Content Business Model The E-College-ist
Digital
Ads in Apps
On Campus
Social Media
Phase 1: Identify popular mobile apps in
Google Play/App Store and advertise
Phase 2: Increase visibility by collaborating with
aggregator apps
Two Phase Approach
9. Ads in Apps
On Campus
Social Media
Content Business Model The E-College-ist
Digital
Brand Ambassador Program
Initial Strategy,
$25,000
Training,
$120,000
Compensation,
$60,000
Total Costs: $205,000
1. Increase Product
sales by 10% to
ages 18-29
2. Increase online
brand presence by
10%
9 Month Goals
**Done through UC and Ivy
League system (13
universities)
10. Content Business Model The E-College-ist
Digital
#TheECollegeist
Spread the word to 215 million
Share articles, videos, and podcasts
Connect with on and off campus students
Ads in Apps
On Campus
Social Media
11. Marketing
Advertising . . . .
. . Revenue
The E-Collegeist
Print
Create and promote large scale viral videos
1. Public
Involvement
2. Incorporate “Mass
Intelligence”
3. Emotional Appeal
12. $0
$100
$200
$300
$400
$500
The Economist Time Forbes
Millions
Print Revenue (USD) 2008
Marketing
Advertising . . . .
. . Revenue
The E-College-ist
Print
0
5
10
15
20
25
30
The Economist Time Forbes
Hundreds
Number of Advertising Pages
The Economist Circulation: 766,726
Forbes Circulation: 923,321 20%
156%
13. Marketing
Advertising . . . .
. . Revenue
The E-College-ist
Print
0
5
10
15
20
25
30
The Economist Time Forbes
Hundreds
Number of Advertising Pages
0
0.02
0.04
0.06
0.08
0.1
0.12
0.14
0.16
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
2014 2015 2016 2017 2018 2019
USDperadpage
Projected USD per ad page per Circulation
Increase ad revenue by
15% each year
Advertising Revenue:
From $131.5 m (2008)
To $342.6 m (2019)
**Not adjusted for circulation change
15. YEARS
ACTIVITY 2014 2015 2016 2017 2018 2019
Advertising through apps
Use of aggregator apps
Viral ads
Amazon Prime
Reorganize The economist app
Topic shopping
New fresh topics
College brand ambassadors
Social media campaign
Print advertising revenue increase
5 Year Plan
{rinceton Harvard, Yale, Brown, Datthmotuh, Penn, Cornell, Columbia,
Fiskateers program doubled sales in 4 cities within 9 months and increased online mentions by 240%
Point about making mutual partnerships with companies who want to advertise through us as well as let us advertise through them
Topic Shopping
Flaky Customers – less brand loyalty
Solution: ??
New Topics
May weaken brand image
Solution: Communicate changes through media campaign and blogs
E-collegeist
Why would college students buy this?
Solution: Bridge connections with companies
Apps
May not reach target audience
Solution: Do online surveys and polls in order to get feedback
Brand Ambassadors
Hard to spread word
Solution: Efficient hiring process which selects passionate people as brand ambassadors
Viral Ads
May not engage correct audience/ backfire
Solution: Proper background research and planning
College
College kids may not pay for this
Solution: Subsidized prices