Mr. Porter's Journal
For those interested in new models in media and advertising, Mr Porter's The Journal is a project to keep your eye on in. The brand seems to be spending the bulk of it's marketing focus on creating it's own content rather than the old school pay-for-an-ad-next-to-someone-elses-editorial-content approach. While the outlook for the print publishing industry is fairly dismal, people are consuming content more than ever. I believe that smart companies are going to move more and more to creating content in-house, and curating an audience on their own site. For a savvy fashion brand, that $150K per month you were going to spend on the media buy for a single page ad in Vogue can go a long ways towards producing some beautiful custom tailored content. There are other reasons why I can really see this being a great promotional strategy, particularly for the fashion industry. Mr Porter is able to hire industry heavyweights like Derek Blasberg to write content. Having someone like Blasberg write for you goes a lot farther to build the brand than running a paid ad opposite that same article in a glossy magazine. Also, thanks to what we've been conditioned to see in fashion magazines, pairing editorial content with sales comes off quite naturally. It's doesn't feel obtrusive at all for the article titled "How to Dance (well)" to be followed by a widget suggesting you buy a Dolce and Gabbana tux or a Brooks Brothers bowtie from them. I believe that Mr Porter is leading the way with their Journal, and I expect that we'll be seeing other fashion retailers follow suit in the near future.