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Business Articles - 13 Facts About Newspaper Advertising
Advertising in the paper works for many people in
business. The astute merchant understands the
newspaper’s weaknesses and works to avoid them
whenever possible. Here are According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product 13 facts you should know. 1 Despite declining circulation figures and increasing ad rates, newspapers still reach large audiences, daily. 2 Newspapers are considered the ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in PRIMARY
advertising medium by 99.4% of all retailers.
Newspapers have been there in every step of the
typical store owner’s life from the very
beginning. Newspapers cover lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. d his birth, his high
school graduation, his engagement, his marriage,
the death of his parents and everything else. 3 Many, if not most, retailers, lay out their own ads here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe It is said that over the years, merchants
have come to believe the only way to get it right
is to do it themselves. This thinking has given
rise to the new breed of newsp d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro per salesperson. No
training, just a list of customers and the daily
question "Gotchyur ad ready yet?" 4 There is no proof full page or double-truck ads are more effectiv ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc e than half page ads. The savings
can be spent on a concurrent radio campaign or
billboards. 5 The same with color. It looks great, but the increased cost many times does easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi not justify the
small increase in readership. Forget the color and
go with more frequency. 6 The paper is delivered daily, but there is no need for an ad every day as the nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically paper reaches the
same readers. 3 times a week works just fine.
Spend the difference in the shopper or on a
supporting radio campaign. 7 Newspaper coupons will have a bet and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ er rate of
redemption with a radio chaser. Especially if the
coupons are NOT in a Sunday paper competing with
85% of all coupons weekly. Think about a coupons
on Tuesday ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi ith supporting radio to drive them
to it. 8 Less than half of newspaper readers read the entire paper. Most are skimmers. How many times through the paper does it take fo ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a r you to find
your own ad? 9 Over half of every newspaper is advertising. Almost as bad as TV where commercial breaks now last more than three and a half minutes. More t dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod an two-thirds of the huge and heavy Sunday
brick is advertising and stuffers and lap cards
(those pesky little cards that fall out when you
pick it up). 10 Newspaper rate cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin are climbing faster than any
other advertising media. The smallest of ads in
the smallest papers can cost over $100. One time,
one shot and POW!, its at the bottom of the tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen bird
cage or spread out for an indoor dog's emergency. 11 Newsstand and subscriptions prices are rising, too. 75 cents an issue is rapidly losing to 4 quarters. 12 Most t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel apers offer no competitive protection.
Your ad can be placed side-by-side with your
competition. Get the salesperson to guarantee
you separation. 13 Daily newspaper numbe ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust rs are dwindling. There
are less than 1000 daily papers left in the US.
Smaller communities must rely on weeklies or
papers from another area with a "local" section.
In s y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products me markets one publisher controls several
small town papers, printing them at a central
location, changing only the front page for each
community. Newspapers are still a . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de ormidable advertising
force. Find ways to continue to use the paper to
increase store traffic, but do it with other
advertising too, so the media mix is efficient.
Don't elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip et anyone tell you NOT to advertise in the
paper. Just do it better. For more about advertising, get my article "Do Your Radio Ads Work?" MailTo:RadioAds@BigIdeasGroup.co tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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