Nearly One in Four Magazine Subscriptions Sold Online
MPA: Web is the largest sub source for roughly 20 percent of member magazines.
The Internet is proving to be a significant source of subscription revenue and audience growth for magazine publishers. According to the results of a new survey conducted by the Magazine Publishers of America, 24 percent of the subscriptions sold by publishers will be generated from the Web.
â€śInternet sub sales have almost doubled in the last three years,â€ť says MPA president and CEO Nina Link. â€śThe Web is now the largest subscription source for one in five magazines.â€ť
In 2006, the Web generated only 13 percent of magazine subscription sales, the MPA says. On the rise each year since then, online subscriptions accounted for 22 percent of overall sub sales last year.
Other survey results indicate that 93 percent of Internet subscriptions are sold directly to publishers and that publishers forecast that the Web will represent 13 percent of all subscription sales (new and renewal) this year. Besides magazine-branded Web sites, e-mail, cross-selling and third-party partnerships account for other leading Internet-based sub drivers.
The MPA conducted the survey in April among member magazines (and received responses from 14 companies, reflecting the experiences of 62 titles) regarding actual 2009 sales and forecasted 2010 sales. Trending analysis combined the results of that survey with previous surveys going back to 2006â€”utilizing statistics from respondents that participated in all of the surveys.
Post Comment / Discuss This Story - Info/Rulesblog comments powered by Disqus