In true disruptive technology style, YPG is separating digital sales from print sales to allow the company to grow overall even as print continues to decline, noted YPG CEO Julien Billot, during a keynote at Leading in Local: SMB Digital Marketing in New Orleans Sept. 22.
Billot noted that YPG has been leaking revenues, with revenues now 3X lower than in 2008. Growth will not come from existing customers, but must come from new customers. “Ninety percent of its customers still have print products. Meanwhile, “50 percent of non-advertisers do not believe YP is a credible digital brand nor feel that their customers use YP platforms,” said Billot.
To turn things around, Billot is plotting three phases of “resetting,” which he says is different from “transformation.” Between now and 2018, there will be a “return to growth” focused on stand alone digital. The final phase will be dedicated to accelerating growth, with a sustainable digital business — one that is focused as much on media as on sales.
“We are much more in the media business today,” he noted. Much of the resetting will be oriented towards new branding to change the way that people think about YP, he added, noting that he will budget Can $25 Million for the next four years to achieve this goal.