Ads are a great way to raise money for your yearbook program, so when determining your ad prices, make sure you are making money off them. How do you do that?
- First, find out from your rep how much it will cost to buy more pages.
- Let’s say it costs you $400 to get 4 more pages (just so we have an easy number to work with). That means it’s $100 a page.
- Therefore, you should charge $200 for a full-page ad. This way, for every page you sell, you get one free to use in the book for other coverage (or in your bank account for a new camera, etc…)
- Half of $200 is $100, but that doesn’t mean you sell a 1/2 page ad for $100. You have to add a little to this to give people an incentive to upgrade to a full-page. Based on this idea, your ad prices should look something like this:
- Full page ad – $200
- Half page ad – $125
- 1/4 page ad – $75
- 1/8 page ad – $45
- 1/16 page ad – $30
- Notice that when I double the price of a 1/16 page ad, it’s $60. Therefore, it’s a value for them to buy the 1/8 for $45. Got it?
- Also, don’t worry if no one buys a full page ad. You actually make more money selling the smaller ads. For example, 16 1/16-size ads a= $480! Selling that entire page to one person would only get you $200.