I decided to research the magazine prices and addition frequency to gain a rough estimate on what I should put my magazine at:
NME Magazine: £2.20
Published NME: Weekly
Kerrang: £2.20
Published Kerrang: Weekly
Q Magazine: £3.99
Published Q: Monthly
Billboard Magazine: £5.24
Published: Weekly
Top of the pop magazine: £2.99
Published: Monthly
Rolling Stone: £3.00
Published: Two Weekly
I decided that I would publish my magazine, at roughly the same price off Kerrang which is £2.20. I would choose to publish my magazine monthly although in comparison to the above magazines that publish them at a monthly frequency the price range is roughly at £3-4 (Rolling Stone and Q) I thought for my target audience perhaps this would be too high, after doing the following research:
After this research of asking twenty people I can see the average person would pay between £2/3 for a monthly magazine, I think the lowest price was the most popular because as teenagers we don't have a lot of money, I saw it was the top end of my age range because they are more likely to have more money to spend on the less essential things such as a magazine.
Therefore I will publish my magazine at £3.00 taking into consideration of the actual magazine prices with the research I have done.
After this research of asking twenty people I can see the average person would pay between £2/3 for a monthly magazine, I think the lowest price was the most popular because as teenagers we don't have a lot of money, I saw it was the top end of my age range because they are more likely to have more money to spend on the less essential things such as a magazine.
Therefore I will publish my magazine at £3.00 taking into consideration of the actual magazine prices with the research I have done.
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