Kent Wilson teaches the session on Developing a Business Strategy for your magazine
You probably already have a purpose statement for your magazine, if not on paper at least in your head. But is it as good as it could be and is it accomplishing all you wish? Answer these questions to see whether your purpose statement accomplishes its goals.
1. Is it written down on paper and accessible to every staff member and every freelancer? Every person who works with your magazine in any way should know who the target audience is, what the publication is expected to do for them, and how you will do it. If this is not clear to everyone, your staff may become confused and disagree on direction, and your magazine will lose focus.
2. Is it succinct? A great purpose statement may be only one or two sentences, clearly stating who, what, and how, incorporating the audience, desired result, and method of accomplishing the result.
3. Does it guide your decisions on how and what you will publish?
4. Is it practical for decision making?
Learn more about writing an effective purpose statement in the video offered for free streaming on MTI’s Web site. The video on Strategic Planning for Magazines includes information on developing a business strategy, with help in developing a purpose statement, a vision statement, and defining your values.
MAGAZINE MAVIN 