Why would you invest your money in a magazine and then circulate it for free?
That’s a tough one there, I tell you. But wait a minute. If you set up a shoe-string 40-page publication with, say, three writers, two designers, a marketer, and a circulation executive, by the time the first edition is arriving on the stands, you’re set back by a couple of hundreds of thousands.
If you’re able to swing a fast one on your advertiser, you may get away with something like, “Out of our 10,000 copies, only 300 are returned and our pass on rate is 1:50!” But trust me, that tale will only fly once.
The second time you come, Mr. Advertiser will wonder how that is. In this country where the largest circulating newspaper, selling at N150, pushes fewer than 30,000 copies on its best day. Let’s say your shoe-string journal goes for N350, how popular can it get to move 9,700 in the face of True Love, Genevieve, TW, Gem Woman, Mode Men, Made, Tell, The News, Newswatch, etc?
Unless it’s free, of course. And if it’s free, you won’t have any unsold copies. You will circulate at high traffic areas where your target audience will most likely find it. And most likely pick it up. And most likely read it and pass it on. This is how to guarantee a circulation figure that will inspire your sponsor.
However, a free periodical is useless if it’s lamely packaged. The effort is even more futile if the content is bland.
But get it right (with a creative Cartridge for instance) with your first try and you’ll not only reach the critical audiences, you’ll also reap millions in profit.