Fastwong
1656
Sad to hear. It might not be due to cost savings per se but still not a good move, if I were JLC I'd invest in print....
Feb 18, 2021,08:38 AM
Often times marketing teams look at their budgets, wonder why they spend so much on print, and steal the print budget for something more "on trend" which today usually means something digital. If you're the guy in the room that wants to keep or worse yet, spend more on print while everyone is salivating at what they can do with that budget, there's a good chance everyone will think you a dinosaur if you don't do a good job presenting your point. Then it becomes who can think up the craziest new thing. Heck, there was one meeting I was in where we talked about moving a brand's print budget toward making/sponsoring a new TV show! In the end, it takes a firm hand on the brand to make decisions to go against trends.
That said, today, more than ever, print has become a luxury item and the print industry is actually increasing, companies are printing fewer pages / year but they are higher quality. Our company just produced it's first mini-book for customers. If I had JLC's budget I'd continue printing that catalog and double down, upgrade it to coffee table book quality, put a $100 price tag on it for purchase on it's own and make it a complimentary gift with new watch purchases over a certain $ amount and mail them to vip customers.
How amazing would it be for JLC to have their brand name on a beautiful book sitting on a coffee table in someone's home just continuously communicating the JLC brand? Impressions on-line get more and more expensive and an ad doesn't always connote luxury like a 10lb tome of a coffee table book. Plus, with a quality book that people can touch and feel, people can associate a tactile perception of quality with the brand. A shame.