In 2002 RICS awarded Atom the contract to publish its monthly magazine and a range of its professional journals as part of a realignment of its communication process.
Atom identified, as part of its analysis, the following key issues:
Members of professional institutions and associations expect clear and valuable benefits for their fees, including service innovation, networking opportunities and business advice
Communication with members must be well controlled, professional, relevant and useful – striking a good balance between industry news and RICS member specific news
Magazines are a clear benefit of membership but can be expensive to produce
Internal resources often struggle to keep up with the demands of producing communications
Atom relaunched the magazine into a very specialist sector with a demanding professional audience. We hired staff from the property sector and recruited ad sales from a specialist B2B publisher.
Atom quickly got up to speed with the core objectives by meeting with many levels of RICS, and seeing how the stated marketing objectives were reflected in the running of the business.
Atom went on to identify the key objectives for the re-launch:
Cost savings to RICS through smart planning and increased income from advertising
Release RICS internal management and staff time for other tasks
Improve the quality of editorial and design
Brand enhancement
Give greater control to RICS through reporting procedures
To raise awareness of RICS benefits, products and service initiatives
To help to build stronger relationships with its readers
In 2004, after judging the first two years of Atom’s work, RICS extended the publishing contract until 2007. In 2005 Atom won the contract to sell RICS’s first online recruitment website.
A radically re-shaped business plan saving more than £250,000 in the first year alone
A 47% increase in advertising revenue in the first two years of the contract
A secure and proactive business partnership with Atom
A totally re-designed and revitalised magazine
Outsourcing of all the major publishing functions but with greater control by RICS of the whole process
We conduct annual research via a rigorous survey of readers’ perceptions of and attitudes towards the magazine, as part of the APA/Millward Brown Advantage Study.
The results of the survey have been consistently encouraging. In 2007's readership survey, it was found that:
45% spend over 30 minutes with the magazine – 17% longer than the industry average
48% keep the magazine for over a month
58% read half to all of the magazine each issue
76% use the magazine as a primary source of industry information