Gone are the days of “panic buying,” of backordered AR-15s, Handguns with magazines greater than ten rounds, and .223 and 9mm ammo.
Ammunition prices are going DOWN almost weekly.
Yes, a Trump victory was good for the industry in the LONG RUN, but in the short term you’re going to see a lot of brutal wake-up calls. You’ll see people change companies, you’ll see some layoffs, and, yes, some decreases in business.
Can this be avoided?
The short answer is “yes,” provided the right steps are taken and taken QUICKLY.
Companies that have advertising budgets had better be increasing them and increasing the methods they use to push their brands. Those companies that have no or limited budgets had better decide whether they want to be in business very much longer.
You see, there are always companies ready to take YOUR customers. They don’t care anout YOU. They care about THEM- and if they start running the marketing race before you do, you will have a lot of catching up to do, if you catch them at all.
Ask Harris Publications what they think.
That is, if you can track down anyone that used to work there. Harris is no more.
At the end of April 2016, Harris released this statement:
“It is with great sadness that we are announcing the closing of Harris Publications. For nearly 40 years, Harris Publications has been a mainstay in enthusiast publishing.
This was a diversified, 40 year old, DOMINATING company for many, many years.
|Can you remember the last time you bought a magazine at a newsstand?|
I hope you have limited your exposure in print.
I have subscriptions to, at last count, 16 outdoor-related print publications. Most of them are in a pile they were placed in when they arrived in the mail- still unopened, many “special editions” still wrapped in plastic.
The subscription price for what most consider the “big four” outdoor publications is less than 50% of what it was 25 years ago- yet their advertising prices still fetch quite a premium.
When was the last time you bought a magazine from a “newsstand?” A book store?
…and that’s exactly the point.
Television isn’t that great a solution, either. One of the largest providers of outdoor television has begun running “old West” reruns on Friday nights.
I and many others know exactly why this is. Their “market” has gone digital!
I “cut the cord” on cable over a year ago. We watch local news occasionally free via an antenna and “stream” everything else.” Sometimes I stream hunting and fishing, but I am SHOCKED that many of the “big brands” out there don’t make their shows available on the web.
Some very smart entrepreneurs are taking their place.
So, what is a company in the outdoor/firearm/hunting/archery/fishing space to do?
The short answer is, you need to go digital…
…and you had better DIVERSIFY.
Think “Craigslist” and newspaper advertising.
Yellow Pages and Adwords.
This is not something that’s “coming.” It’s ALREADY HERE.
The good news is, we can help.
BGA has access to several of the LARGEST digital platforms, email lists, and places wher your IDEAL customers are located, and we can get you ENGAGED and SELLING in as little as a few days.
Everyone asks the same question….HOW MUCH???
For the cost of a month or two in dying print media, we can DOMINATE you to millions of BUYERS for over a YEAR.
Space is limited.