Many tabloids in the country have been operating for a long time on a formula of scandalous attention-grabbing headlines and photos of sexy girls on the front page. One tabloid, Inquirer Libre, decided to take a different route.
Using market-driving strategies, Inquirer Libre presented its product differently while targeting a new market. As explained by marketing guru Josiah Go of Mansmith and Fielders, Inc., market-driving strategies, the latest buzzword in market orientation, call for a breaking of the rules and changing the value proposition or business system or both to grow profit and demand from new and marginal customers. (See previous post here.)
Inquirer Libre is a morning tabloid featuring short news and feature articles that can be read in 15 minutes. However, Go points out that unlike the other tabloids, it is given for free at MRT stations. There are no photos of naked women; the total package is wholesome. The target market consists of office people in their 20s and 30s on their way to work.
“Instead of tapping the traditional newspaper dealers, Libre’s new channel is in the various train stations. This means no dealer trade margin and no sales returns,” says Go.
Inquirer Libre also has a classified ads page that runs every Thursday, a new reason for the target market to read it.
As a result of the market-driving strategies (give it out for free, go wholesome, go direct to the market at train stations, offer classifieds), Inquirer Libre is the leading free tabloid in Metro Manila and hit its ROI fast.
Are you looking for a way to survive the cut-throat competition? Market-driving strategies may be the answer.
Inquirer Libre: A market-driving strategies case
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Libre’s new channel is in the various train stations. This means no dealer trade margin and no sales returns,” says Go. Inquirer Libre also has a classified ads page that runs every Thursday, a new reason for the target market to read it. As a result of the market-driving strategies (give it out for free, go wholesome, go direct to the market at train stations, offer classifieds), Inquirer Libre is the leading free tabloid in Metro Manila and hit its ROI fast. Are you looking for a way to survive the cut-throat competition? Market-driving strategies may be the answer.
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This is very much like the Today papers they give out in MRT stations in Singapore, and although I cannot compare it with the Inquirer Libre, the Today paper is heavily laden with advertisements and classifieds.
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