I need some feedback from those in the know!!
I recently launched a luxury real estate magazine in the Greater Philadelphia market with what I believe to have several distinct advantages over other main stream publications for realtors/service providers in the luxury market. We target just the affluent demographic with a much broader local reach...mainly because we are not limited in our geographic distribution as we are not a franchise like most other magazines, hence no boundaries.
Having come to this industry from online media with an automotive focus, I understand the usual print v. online arguments in terms of what are viable advertising mediums, so I also developed a website to support our print publication allowing any realtor in our area to post ALL of their listings for free, unheard of in my competitive sphere.
Our pricing is extremely competitive, and for the value we provide our advertisers--I would argue the best ROI available in our genre.
We've had several early advertisers jump onboard, telling me I am providing a service sorely needed in the Philly/South Jersey market. I agree, obviously....but I need more feedback to be the best resource available and encourage your input.
Is a tool for Niche Marketing like ours a valuable resource or not needed?
Do you use print just to satisfy your seller, as a listing tool, or do you believe niche print has value as a lead generator?
Does reaching a specific demographic through print make sense?
Besides referral business, what works well for luxury realtors in generating leads?
Any and all advice is much appreciated!!
I think it is needed. I am trying to swing my advertising to the higher end and I think you are dealing with a different type of a client. You must break through where they circulate...what attracts the higher end market, using advertising with the ideas of what they need to be out doing... golfing...sailing...driving sports cars...luxury homes, all fall in line.