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It's no secret
that many radio and television account executives are running into
real trouble trying to make budget. Sellers who have prospered for
years dealing primarily with advertising agencies are seeing their
precious billing siphoned away to newer, shinier media. Expect this
trend to continue.
This year
agencies are expected to pull even more budgets away from radio and
television and into new "interactive" media campaigns. In fact
according to Advertising Age Magazine, last year's trend toward You
Tube type viral media campaigns will become standard fare for 2007.
The main reason? It's the trendy thing to do. The shallow reality is
that agency creative directors, once eager to "make their mark" in
television are now flocking to the newest "cool" medium, the
Internet. The new goal is to somehow create a viral campaign on a
site (or sites) like You Tube. Logically of course, very few of
these campaigns will succeed in helping advertisers break through
the clutter, but damn the results. The agencies are going there
anyway.
As a
consequence, agency-oriented broadcast salespeople are finding that
in order to make their numbers for 2007 they must focus on local
direct business. The problem is that many of these veteran broadcast
salespeople are a little rusty when it comes to hustling up local
direct contracts. Unfortunately the pressure is on. If you are
feeling pressure to bring in more local direct billing here are some
things you can do to immediately improve your
chances.
1. Prospect
the easy way-Don't just call on accounts that other stations already
have on the air. Go to product/service categories that are
completely over-represented on other media (like attorneys in the
Yellow Pages) and completely unrepresented on your station. Cull out
one advertiser from one of these categories and tell him you've
found a hole in his competitor's marketing and advertising strategy
that a B-52 could fly through. Then simply explain that the media
"lake" he's fishing on is actually being tremendously over-fished.
Meanwhile, you have a perfectly good lake with lots of fish in it
and not one single business in his product/service category is
fishing your lake. The client would practically have a monopoly on
your lake.
2. Convince
your prospect that using your station is not a "gamble", but in fact
a good, calculated risk. Determine the client's average sale and
gross margin of profit. If the client owns a funeral home his gross
margin would be close to 55 percent and his average sale would be
six to eight thousand dollars. I mean, come on...how
many...ummm...new bodies would would you really have to deliver in
order to justify your measly little 10 thousand dollar weekly
schedule on your station? What percentage of your total 12 plus
total CUME audience would that "magic number"
represent?
3. Make sure
that your prospect realizes that you are an expert on making good
"bait." That is, you are an expert in the difference between
good and bad advertising. For example, use the Best Friend Test on
the client's copy to ferret out cliches. Explain to the client that
if he wouldn't say those exact same words to his best friend that
the copy is cliche and needs to be replaced with words that really
do identify and solve consumer problems.
Once the client
realizes that your plan for his success is better than his own,
he'll surrender and let you lead. By showing the client that it's in
his best interest to let you drive the bus you'll get more long-
term contracts with less rate resistance and less "added value."
You'll sell more local direct whether you're number one or number
twenty, regardless of your format or program. And by working local
direct you'll have more control over revisions and cancellations
with less worry about meeting a media buyer's ridiculous cost per
point. Working with local direct clients after a career of dealing
with agencies can actually be a liberating
experience. |