Other
parts of the rate card
As you may recall from the start of this section, the rate card was originally
simply a card with the rates on it, but over the years rate cards have
expanded to provide more information and also protect the newspaper. I'd
suggest you take a look at your rate card and read every word on it. It'll
answer a lot of questions you might have. Here are a few things you'll
probably find besides rates.
Market
coverage information and map
Your newspaper has all sorts of separate information about your newspaper's
readers, its market and its coverage of that market, which is collected
along with the rate card and put into a folder called a media kit. In
addition, some newspapers will print some of that same informative and
promotional information about the newspaper right in the rate card in
case that's the only thing the potential advertiser reads. For example,
you might find numbers on circulation and detailed readership information
along with a map of the area with the places in which your newspaper circulates
colored in.
Readership
and circulation
Remember, there's a huge difference between circulation and readership
and your customers can easily be confused by salespeople from competing
media. Circulation is the number of newspapers that actually circulate
in the area. Readership is based on the fact that more than one person
might read the same newspaper. The average number of readers who read
the same newspaper, or the pass-along rate as some call it, is usually
in the area of 2.5 people per copy. So a 100,000 circulation newspaper
with 2.5 readers reading each copy would have 250,000 readers.
Most newspapers conduct
readership surveys periodically and can tell you exactly what the pass-along
rate is, but again for most newspapers, it's about 2.5 people. So the
next time a potential advertiser says that your competitors have double
the circulation that you do, make sure that they're comparing apples to
apples and really talking circulation, not readership. You might also
want to inquire where the competitors got their pass along rates. Maybe
it was just an estimate and not based on any legitimate survey.
Promotional
messages
You might also find other information from your newspaper's readership
and market surveys in the rate card, such as how much the readers make,
where they look to buy certain things (hopefully your newspaper), what
they're about to buy, how much they'll spend, etc.
|