Our product provides a resource for those looking for
information, inspiration and know how relating to crafts or decorating. Detailed
hands-on crafting and decorating ideas and instructions are presented in an
easy and convenient format, inspiring people and giving them confidence to tackle
any of the projects themselves. We modelled our magazine on, what we believe, to
be the best features of other more established magazines in the same field that
also provide a website for their magazine which adds value to the customer. On
the website we provide additional articles that may not be included in the
magazine as well as videos giving detailed visual tutorials and troubleshooting
segments on some of the projects for those who find themselves running into
problems during the crafting process. Many of the companies we looked at also
had social media accounts. This would be helpful in promoting and marketing our
product so that it becomes recognizable to customers and creates brand
recognition. It would be an exciting way to provide an ability to directly
interact with the product. We also felt that it could be beneficial to include
coupons and coupon codes for products we use throughout the magazine. This
could be an incentive for people to purchase our product, as many other
magazine companies have succeeded in doing. We decided that we would use the
distribution company, Hearst magazines to distribute our product. This company is
used by some of our competitors and appears to be highly competent. We found
the magazines we researched were distributed in book stores and in supermarkets,
so we decided that would be a good place to start. For our specific magazine,
we also wanted to distribute it in specialty stores such as Michaels and other
specialty craft store chains. This would ensure that our product was available
to a larger audience. By ensuring that the covers of the magazines are
appealing, we would create interest and encourage consumers to purchase our
product. We also plan to have an option to sign up for a monthly subscription
on our website. This way people could get the magazine conveniently delivered
directly to their homes.
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