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The
Trading Post is a specialised classified advertising publication with a national
market. Since 1968 the company’s swift response to a real consumer need for
such a specialised publication has seen the stable increase from one publication
in Sydney to 17 located Australia-wide. This
superbrand is a leader in its field and a true Aussie icon.
From Perth to the Gold Coast, Darwin to Hobart, Australians look first to
the Trading Post when buying or selling. Aided
by declining readership of daily newspapers, a company policy to provide value
for money, and a highly successful and innovative commercial Internet site, the
Trading Post continues to enjoy a rapidly expanding share of the classified
market, and more recently the display advertising market. The
Trading Post’s major competitors - the daily metropolitan and regional
newspapers - are weakened by a life expectancy of less than a day. The Trading
Post’s 17 weekly and fortnightly publications benefit from longer exposure to
a targeted market and a high profile as the medium for bringing buyers and
sellers together. |
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If
achievement can be measured by suitors asking to buy the business, then
certainly the Trading Post has been successful. If success is measured by profit
then the Trading Post is a huge success story. If success is measured by one
family’s ability to continually improve its business with innovation that
rivals that of its large, international, multi-media competitors, then the
Trading Post is the epitome of success. Innovation in electronic publishing is
the key to the Trading Post Group’s success in gaining the competitive edge.
With an ethos to always develop its own tailor-made production and publishing
technology, the company prevailed at the forefront in database publishing
throughout its history and is currently in the enviable position of being able
to conduct full business through call centres and set up new publications
without an office presence. The
fully automated and customised pagination process sees a 160-page tabloid
publication typeset in less than 60 seconds. The company creates over 400 pages
of paginated output in less than four hours with a permanent part-time staff of
six. The output is sent on the digital data network to be printed locally in
Canberra, Perth, Darwin, Adelaide, Brisbane and Launceston. All Trading Posts,
except the Tasmanian publication, have been transferred to direct-to-film
processing which bypasses the output of traditional camera ready artwork. The
technology, developed and continually fine-tuned by the company, ensures a cost
effective and thus very competitively priced product. It also ensures that the
introduction of more Trading Post publications - as is certainly the company’s
goal - is simple and easily achieved. Internet
publishing is a highly successful addition to The Trading Post’s technological
mastery. Early planning and purchasing of the right equipment enabled
fundamental network flexibility and smooth integration of Internet publishing in
June 1996 with the launch of Trading Post Online. Again, the technology is owned
and run by the company, allowing security of information and, most importantly,
the capability to retain intellectual property and remain in control. Trading
Post Online furthers the company’s mission to provide the best possible
customer service, by allowing the customer to transact in multiple ways, and the
best value for money, by both replicating on the Web site all ads placed in the
printed Trading Post free of charge and allowing ads to be entered online. The
Internet site was created to complement the existing Trading Post printed
publications Australia-wide. Remote, regional and interstate sellers can reach
potential buyers anywhere in Australia, with a worldwide audience a natural
extension. Combining
utility, ease of use and existing infrastructure has allowed the Trading Post to
create one of Australia’s top Internet Web Sites. It was designed to allow
buyers to find the product as quickly and simply as possible, using the same key
categories as the printed publication. Users
can browse by region, section or category with keyword searching. Membership is
available and allows benefits of suburb search, placing ads online, more refined
search capabilities and a unique quick view function. Membership is free and all
details are strictly confidential. A
highly successful section of Trading Post publications is its Automotive pages.
The strength of this section is reflected in independent research figures, which
reveal that 21% of used car buyers in NSW source their vehicle from the Trading
Post. Of the remainder, 16% use all other newspapers including major
metropolitan papers and 67% source from means other than newspapers. |
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From
humble beginnings in a tiny residential flat in the Sydney suburb of Clovelly to
its current national headquarters in Parramatta, its office in North Sydney and
13 offices located in regional centres and major cities, the Trading Post has a
proud rags-to-riches history. In
1968, Lieutenant John McAllery retired from the Royal Australian Navy to sail
uncharted waters in the domain of publishing. With no previous experience and
supported only by a firm vision that a specialist classifieds publication would
succeed, McAllery started the Metropolitan Trading Post for Sydney that same
year. The name changed to the Weekly Trading Post in 1971. After
four long hard years, the first profit was recorded in June 1972 and the
unremitting labour of John McAllery, his wife, two sons and daughter paid
increasing dividends each year thereafter. In
1978 the family commenced expansion and acquired the Adelaide Private Trader. By
1991, six more Trading Posts were established - three more in NSW, another in
South Australia, and one in Perth, Western Australia. Just four years later
there were four more, located in capital cities and major centres in Tasmania,
the ACT, the Northern Territory and South Australia. In October 1996 and July
1997 Queensland gained Trading Posts at Toowoomba and the Gold Coast. By
1998 the company’s own communications technology, which allowed new
publications to be set up without an office presence, expedited growth. The
Trading Post group increased by five with three more publications in NSW, one
circulating in northern Victoria and Central West NSW and another in the Pilbara
Kimberley region of Western Australia. This
phenomenal growth is attributed to the McAllery family’s pursuit of excellence
in all aspects of the business, from its custom built technology to its
competitive strategies. Foremost, the business is proudly built on quality
customer relationship management. It is also built on integrity with a view to
obtaining and retaining respect in the market, evidenced in part by the refusal
to accept advertisements of a questionable nature. While
offers to purchase this superbrand have come from their main competitors,
including multinational companies, the McAllery family remains sole shareholders
of the company. As John McAllery says: “How do you sell your soul?” |
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The
highly recognisable tabloid-size Trading Post publications, with their original
wood-grain mastheads, were developed with customer satisfaction and value for
money as priorities. Over
the years market research conducted for the Trading Post dictated changes to
reflect customer preferences. This resulted in category specification directed
by the market to enhance accessibility. Full process colour printing was
introduced to follow the trend in metropolitan newspaper printing. Display
advertising, automotive and lifestyle editorial and promotional features were
added to further increase service to customers. As
well as enabling refinement of the product, market research was used to refine
the core values of the product, develop communication and growth strategies and
assist in promotion, particularly in new geographical areas. |
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The
Trading Post believes that the Internet will become a major vehicle by which its
product is presented to the community. Extensive research has been carried out
to ensure that The Trading Post is well placed to meet the challenge. Development
of the Web Site since Trading Post Online was established has been evolutionary.
The most recent addition to the Web Site is Trading Post Automotive (TPA), a
multi-media product which allows dealers to show photographs of cars. Specifically
designed for car dealers, vendors and those in the motor vehicle industry, TPA
is unique in that it is backed by the printed Trading Post, taking the benefit
to the dealer in two media. In
an impressive first for Internet classified advertising, Trading Post Automotive
recently linked with Volvo Car Australia to provide a customised service to
Volvo’s dealers. This agreement was the first between an international car
manufacturer and an Internet media house. Looking
to the future, exciting in-house work is currently underway that will see
Trading Post Online continue to streak ahead as a superior Internet product. |
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Awareness
of the product, particularly in Sydney and Adelaide, is extremely high and
continues to grow strongly in all areas. Television
and radio advertising campaigns, coupled with high profile point of sale
promotion in newsagencies, are used nation-wide with greater emphasis in
regional locations. The Weekly Trading Post in Sydney is supported by radio
advertising to communicate a reminder to customers to place their ads before
deadline day. Word
of mouth is perhaps the Trading Post’s best promotion. This valued Aussie icon
virtually sells itself. |
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The
Trading Post has gained wide acceptance, particularly in Sydney and Adelaide, as
the preferred classified advertising medium for private advertisers and small
business. It is strongly associated with success when selling or buying. With
a reputation as the most successful way to buy or sell, the Trading Post enjoys
a high volume of repeat business and high levels of product loyalty. Anecdotal
evidence abounds on the success of Trading Post advertising. Just about everyone
in Sydney has their own Trading Post success story to tell - the publication has
become part of the folklore and culture of the city. |
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| Approximately 1.9 million classifieds appear in combined Trading Post
publications annually. |
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| Trading Post Online is one of Australia’s largest and most successful
advertising related web sites. External audit figures for January 1999 show
Trading Post Online with over 3.2 million page exposures and around 212,000 user
sessions a month. The average user viewing time is 20 minutes. |
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