Laurin Investing for tougher times
Several weeks, we explored the competition between Penn Well’s Laser Focus World Publishing and Laurin’s Photo Spectra. At that time, we spoke with LFW UDC / GP, Christine Shaw. At the time, LFW was about 6% in Ad-pages and PS were almost 19%, which is quite extreme for a market share relocate. Normally, publishers, we are talking just talking about books or publishers rivals and Shaw has not been different. They have, however, mention that many of their new pages were ch.
This week, we caught up with Wendy Laurin, Vice President / Under the leadership of the PS, ok. According to Laurin, the biggest challenge, PS, is a quite unique. A company public relations in the field of photonics, he would not appoint Laurin was attended by several high-level customers and, furthermore, to insist on PS publish news in the world for their clients, the firm PR also advise clients on the ad in the pages of the magazine, because if companies, public relations is less expensive. Comfortable, that the public relations firm is also responsible for purchasing advertising for most of its customers. According to Laurin, this phenomenon, more than anything else, ate the PS in the pages of this year.
Another problem, says Laurin, is that customers move some of its PS-print ad dollars with the Internet.
“Businesses want the least expensive and go to the Internet,” said Laurin. “Of course we have nice with clients. Some customers are of the mentality of their customers and, more importantly, their customers engineering, rather than read, print and by far have all to the Internet. The problem is that the people decide, They are not in conformity with their clients. If you are in High-Tech, how can you looking for new technologies, if you do not know they exist? ”
She added: “We have an independent study profile of readers, and we have over 50% response rate. These readers spend an average of 78 minutes with the magazine. It shows you how much passion to our readers. And by the way, the survey was conducted by e-mail. ”
The third challenge, especially the PS is a separate sales between the customer and distribution customer. Laurin tells the following story: “Advertisers say they are not always printing resonance of our ads. So we rent a trainee at an enterprise is a potential customer for our advertisers. It would be the number to call and ask left display on the product. If itself has been able to reach a person, he was employed on the site. On the site, the product was often difficult or impossible to find. Some of our advertisers are lazy. It is a separation between marketing programs and objectives and measures taken to close the sale is completed.
And what about LFW, Laurin is not worried: “I received the new edition of Focus laser. It is 112 pages. I know what their report. I know what messages are free. I know what their incomes are too ahead. I know what our revenues are ahead. I wanted, it would be with industry, in an interview on the manner on the market, instead relying on ourselves and how we fight and, as we do not, our task. When LFW himself and promoting what they are doing well, we are all better products. And we do not bash LFW, when we are in this area. ”
A Family Business
According to Laurin, their parents, running, the company (Teddi Laurin, his mother, is the CEO, while Francine Laurin, his father, he is the president, and Tom Laurin, brother of Wendy’s, is on Internet strategy l ‘company) Significant investments in companies themselves during the slowdown.
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