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IEEE's Blueprint for Leveraging Digital By Jim Vick Since 2007, IEEE, a global technical association and publisher, has launched five digital magazine editions and a new digital-only magazine, and converted its annual report and awards publication to digital-only. Two more digital magazine versions are preparing to launch in 2009, and IEEE is evaluating other digital options. IEEE's approach to digital editions for its flagship Spectrum Group involved initial research and a six-month live trial/conversion period, a model that's been extended successfully for other publications. Digital Magazine News asked IEEE media staff director and Spectrum Group publisher Jim Vick to share the process and results to date. A Readership Ripe for Digital Beginning in 2007, IEEE began exploring digital magazine versions as a potential means of both enhancing and expanding member services and realizing operational savings. Today, we're realizing both of these benefits across several publications, and those successes have laid the foundation for further expansion of the digital platform in 2009 and beyond. The technical/computer-reliant nature of our overall membership/readers and our significant international membership component gave us good reason to believe that there was likely to be substantial interest in a digital-delivery option. For context, here’s a summary of IEEE’s mission, membership and publications:
With approximately 42% of our total members based internationally, a primary goal was the ability to offer these members a truly timely delivery option for the publications that they depend on to keep them informed about their disciplines. Given adequate exposure to the format and its timeliness, interactive, archiving and other benefits, we believed that a potentially significant segment of U.S. members would also opt to convert from print to digital delivery. If embraced by sufficient numbers of members, the option would yield significant manufacturing, distribution and operational cost savings, freeing up resources for IEEE to invest back into enhancing and expanding member services. (One possibility being new digital publications serving specific member segments.) In addition, we saw potential added revenue streams. These included: * Offering a paid digital subscription to non-members. * In addition to providing all members with the option of receiving Spectrum and TI in either print or digital format as part of their benefits, we saw an opportunity to offer members the option of receiving both digital and print for a modest additional charge. * We would seek to enhance advertising revenue over time, as marketers "turned on" to the benefits of the value-added features offered by digital editions, including links to audio/video presentations and ad banners on the email notifications sent to readers when each digital issue is published/available via browser or downloading. Still, we were not about to leap into digital based on assumptions, however logical or promising from a benefits standpoint. We wanted to be sure that this would be an option that would be welcomed and viewed as a true benefit by our members. Focusing first on IEEE Spectrum and TI (S&TI, for short) made sense, since the potential benefits of digital conversions were obviously most compelling on these, our largest-circulation print publications. Further, in testing digital on these all-member publications, we would be getting a read on acceptance across all of the many technology segments served by IEEE. In the initial exploratory stage, we included a question gauging interest in the digital-format option within each of four studies that IEEE was conducting to gather member opinions on a variety of association membership issues. The upshot: In every study, 25% to 30% of members expressed interest in digital delivery of S&TI. The Trial Stage Needless to say, we were very encouraged by these initial results. Given the nature of our membership, we assumed that most were familiar with the digital replica concept. The question was how well they would respond to a specific digital product. Obviously, the next step was to define our product and service needs and short- and long-term objectives and select a digital vendor partner. Our needs were no doubt similar to those of other publishers considering a move to offering digital versions. In addition to the obvious criterion of fair, competitive pricing, these included:
With the specific product/service chosen, we developed our plan for giving members ample opportunities to "test-drive" live digital issues and decide for themselves whether digital or print best served their individual needs. While we could have chosen to create a single real or simulated issue in digital format and send that repeatedly to members, our thinking was that enabling them to experience a series of actual issues in the format—the exact content and service that they would receive if they opted to convert to digital in 2008—would enable them to make a truly well-informed decision. We believed that enabling that comfort level would ultimately pay off both in initial conversion rates and in minimizing the potential for some readers to opt for digital and subsequently decide to revert to print. Based on our results, the decision to build in this trial period was a sound one. We decided that the trial period would run for six months, between July and December 2007. During that time, all members who had given us their email addresses would receive both their print issues and emails providing them with digital access via browser and a downloadable, enhanced PDF format to the same actual, current issues. The messaging content of the emails accompanying the trial digital issues needed to be succinct, yet accomplish several purposes: introduce the digital-version option; get members to try out the digital issues; convey that, during the trial period, they would need to choose either to convert to digital delivery or to continue to receive S&TI in print as of 2008; and ultimately get those who liked the format to click into a simple link to confirm their desire to convert to digital delivery. The dynamics were similar to those of a free-to-paid or forced free trial campaign. We devoted considerable thought and effort to creating our message series, drawing on Qmags’ experience with such conversion series. While I obviously can’t spell out all of the copy specifics for the series here, a few highlights may be useful or of interest to some DMN readers:
Six-Digit Savings Projected for S&TI in 2009 The trial resulted in 45,000 members opting in for digital delivery of Spectrum and TI, representing an initial conversion rate of approximately 13% among all members who received the trial series. For 2009, we are projecting that 20% of existing and new members, or about 65,000, will opt for digital. Based on that assumption, the net savings on production, manufacturing and distribution for these two publications alone would be approximately $600,000 for the year. (Those savings, by the way, include the costs of polybagging for delivering TI with Spectrum on four print issues during the year.) Equally important, members who opted for digital continue to be very happy with the format. Follow-up surveys, anecdotal feedback, high open rates (particularly downloads of the enhanced PDF format) and the extremely minimal rate of reversion to print all confirm that digital delivery is indeed valued, appreciated and preferred by this significant portion of our membership. As anticipated, we are also going ahead in 2009 with adding the option of receiving both the print and digital versions of S&TI for a small additional fee ($9.95). Membership Annuals Go Digital-Only In July 2007, as we were starting our S&TI digital issues trial, we also tested the waters for digital delivery of the traditionally print-based annuals that go out to our full membership. We began by creating and distributing both a digital and print version of the "brochure" (which is actually about 40 pages in size) that we produce to feature the winners of our annual IEEE Awards program. The excellent reception to the digital format of the awards brochure—more than 46,000 members viewed it digitally—led us to go digital-only with that publication in 2008. This saved us approximately $100,000 in manufacturing and distribution costs in the first year of digital-only distribution. Similarly significant savings benefits are also being realized by taking our annual report digital-only. We've done this twice now, for both 2007 and 2008, and more than 30,000 members have viewed the report digitally each time. IEEE Societies and Women In Engineering Leverage Digital Beyond IEEE's S&IT initiatives, thus far, two of our technical societies are employing digital editions of their publications as an option/benefit for members or as paid-subscription options. In addition, the availability of cost-effective digital publication technology has enabled our Women In Engineering (WIE) committee to launch a digital-only magazine as a membership benefit. Here's a rundown of these digital initiatives: * Computer Society: Once we had our vendor partner and the digital capability in place in early 2007, IEEE's Computer Society was particularly enthused about putting that capability to work. This society publishes Computer, a monthly magazine that is a benefit of society membership (and also sold to non-members), and also publishes a dozen vertical, technical magazines (plus 16 scholarly journals). The technical magazines are sold by separate, paid subscription. IEEE and Computer Society members are eligible for special subscription rates; non-members are charged higher rates. The Computer Society decided to begin using digital versions in 2007, with an initial focus on testing these as a paid subscription platform. We began offering a paid Computer digital subscription to non-members in January. Paid digital-version subscription offers for both members and non-members to IEEE Security & Privacy and IEEE Design & Test of Computers magazines were started in April and August, respectively. The digital paid-subscription offers for Security & Privacy and Design & Test have continued, producing moderate incremental revenue for the society. Meanwhile, Computer has moved to the S&IT model, using a four-month/issue member trial and conversion period that will end this December. Digital delivery for those who've opted for this format will begin in January 2009. In addition, the Computer Society is now creating a digital version and a marketing plan for its paid-subscription IEEE Software magazine, with the digital edition to be launched sometime in 2009. * Communications Society: ComSoc's member-benefit monthly Communications magazine, also following the S&TI model, conducted a four-month/issue digital trial/conversion series from September through December 2007 and commenced regular digital delivery for opt-ins as of January 2008. Because of ComSoc members' enthusiastic response to digital, the IEEE's Publications Board has recently voted to make the digital version a standard ComSoc membership benefit, along with the monthly print version. ComSoc members will also have the option of forgoing receiving the print version, in which case their society membership fee will be reduced to reflect IEEE's savings on print production/distribution of those copies. In addition, ComSoc's guide to membership benefits, which is updated and distributed annual to all of its members and distributed in batches during the course of the year as new members come onto the rolls, was converted to digital-only as of September 2007. Again, members have been very receptive to the guide's new digital format (including the ease of saving and retrieving it), and the production/mailing savings are enabling ComSoc to enhance other member benefits. * Women In Engineering: This committee has wanted to offer a membership-benefit magazine for some time, but we had determined that a traditional print publication would be cost-prohibitive. In this case, the digital publication capability enabled creating a digital-only biannual Women in Engineering magazine. The first two issues were published in January and July 2008. Existing WIE members are extremely enthusiastic about the magazine, and we're confident that the added value that it represents will support both WIE membership renewals and new-member growth Looking Ahead Given the significant member and operational cost benefits being realized through implementation of digital versions of our largest-circulation magazines, as well as digital-only formats for various member materials and the new WIE magazine, it will come as no surprise that IEEE plans to evaluate how the digital publication format might be further leveraged. In total, our societies publish another 30 or so magazines. Individual societies will explore whether some of these might be candidates for a digital version, either as a member option or on a paid basis, depending on the title's business model and the society's goals. The societies also distribute member materials and annuals that might benefit from going digital. Further, new publications are launched each year by IEEE's societies, which may present opportunities for print launches that start out with a digital edition option, or additional digital-only publication launches. In short, my bet is that we'll find more ways to benefit from the digital publication format going forward. |
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