OES - The Great 
Revenue Retardent
WEDDING BELL BLUES - YOU MAKE THE DIFFERENCE
 

Radio, of the 3 major mediums, is arguably the most difficult to make work and for a whole bunch of reasons too numerous to cover here.  Having said that, when a campaign or schedule hasn’t worked the first thing to do is analyze the components i.e. Did the copy have a strong enough sales message?  Was it the right message?  (As we said last week, there’s little benefit in selling snow blowers in Summer).  Were there a sufficient number of commercials to drive reach and frequency?  What were the weather conditions?  Of course each of the above should have been evaluated prior to the campaign going to air.  We tend to do a post campaign analysis, which is a little like closing the gate after the horse etc.  It’s always seemed peculiar to me that we in radio (and it’s not just our medium that drops the ball here) never seem to conduct a PRE campaign analysis … wouldn’t that make more sense?

One of the most vital elements in this evaluation (whether it be pre or post campaign) is whether or not the Account Manager has sufficient creative juices, experience AND training to be able to spearhead the campaign strategy. 

Personal Assessment
We should also continually challenge ourselves!  How often do we accept sub-standard copy? How often do we accept just an OK platform on which to base the campaign?  How often do we accept insufficient weight in the schedule to deliver our client’s message with the most powerful and effective reach & frequency?  How often do we look at the weather forecast and advise the client to pull the schedule because there’s a 100% chance of golf ball sized hail right at the time of the client’s outdoor sale?  Every person in every department involved with the campaign should be evaluating the campaign (or at least their component) and challenging whether or not they believe, based on their own departmental expertise, whether they feel the client will achieve the end result objective.  (I can hear you all cry … “But we don’t have time!” … That’s fine if you’re prepared to accept mediocrity … if not, make the time).

Real Life Example
Let’s just take one element of the campaign analysis.  About a year ago, an Account Manager from a station with which I was involved, returned from a client meeting with a reasonably hefty 26 week spend.  The business category was a Banquet & Conference facility.  The Account Manager was justifiably excited by the size of the sale.  We then took a look at our strategy versus the client’s objectives.  The Account Manager’s strategy was to market the facility as a “function center”.  The client’s focus was on promoting:

¨ Wedding receptions

¨ Business conferences and seminars

¨ Landmark birthdays

¨ Christmas parties

Seemed reasonable.  But then, reality set-in.  This booking represented four campaigns!  Each campaign had its own unique target audience.  Each campaign required a different schedule. Each campaign needed a separate commercial.

“Couldn’t we just run one spot to cover the lot?” 
End Result:
  Failed campaign.  The commercials would be trying to achieve too much and therefore defy the “KISS” principle.  Confuse the hell out of the audience and you’re doomed to failure.

“Couldn’t we rotate four separate commercials?” 
End Result:
  Failed campaign.  The targeting then becomes ineffective.  Different target audiences require different scheduling and placement.  Furthermore, you dramatically dilute frequency to the point of rendering the campaign ineffective i.e. there’s insufficient spots in the schedule to drive effective frequency for each commercial.  It’s also the case that each campaign/flight requires different weight.

“Couldn’t we run weekend schedules to enable us to deliver a lower rate and therefore more spots?
End Result:
  A diluted and probably failed campaign with lower audience reach and probably less frequency.  In any case, there’s also lack of effective targeting with a lesser schedule and you MUST deliver the message to the right audience.

“Couldn’t we give the client a bonus schedule?” 
End Result:
  We diminish the worth and value of our product.  We’re also demonstrating a mistake before we even commence the partnership with the client.  Besides, “We don’t give our product away … we sell it!”

All of the above are examples of the “run to the bank” mentality.  All of the above are focused on benefit to the radio station, the Account Manager and the station’s budget.  Instead, the focus should be on the benefit to the client.  I GUARANTEE, focus on benefit to the client in every case, your client loyalty will increase and over time, so will the client’s spend.  And … guess what … people love sharing their good experiences with others, this client will begin recommending you (what a concept!).  That personal recommendation is worth a million dollars, you can’t buy that word of mouth!What a testimonial!

Here’s The Solution
And there are a number of fixes:

1.        Identify the most profitable part of the business i.e. chances are it’s weddings.  And structure the campaign solely on weddings.  You can then help the client generate additional business from potential customers attending the wedding receptions with direct mail pieces, on table invitations, couponing and offers for business conferences etc. etc.

2.        Strategize (which should have been done beforehand).  Design a targeted campaign delivering the client’s sales message to:

a.       For Weddings … Brides and Mother’s of the brides. 

b.      For Business Conferences and Seminars … Business decision makers who plan and book conferences (probably secretaries/personal assistants).

c.       For Landmark Birthdays … This is the hardest of all, again, the client should nominate which is likely to be the most profitable birthday on which to target i.e. if it’s a husband’s 50th, the target is 40-54 females, if it’s 21st birthday’s, the target is the Moms and Dads of the 21 year olds.  Then assist the client with on table marketing for repeat business for other birthdays and business functions.

d.      For Christmas Parties … Likely to be similar to business conferences, although often businesses have a Christmas party committee.

3.        Re-Cost The Campaign and recommend to the client a higher budget.  Chances are, you’re going to anger the client, but planning would have prevented the situation and made you appear more professional.  We need to be, in effect, the client’s advertising agency and one-stop marketing shop.

4.        Walk From The Business.  Hard to do, but consider this … in doing so, you’re demonstrating to the client that you have their best interests at heart and you will likely benefit from that perception.

I’m constantly saying that there are many reasons why radio commands only a 6% - 8% share of the national ad dollar.  The above are only a couple of examples as to why. 

Radio is the hardest of the mainstream media to produce dynamic return on investment for our advertisers.  However, more often than not, we’re our own worst enemy.  We in radio need to tighten our reigns on running campaigns and schedules, we know beforehand, are likely to produce little or no results for the client.  We must also focus our vision on being more genuine about the client’s return on investment, which, on our part, is radio’s investment in our own long term revenue growth along with demonstrating our ability to generate compelling RESULTS for the client.   

Radio is a fantastic advertising investment, but all too often, radio’s single minded focus is on our mercenary “run to the bank” mentality.  Which philosophy holds greater financial benefit for your station?

See you next week.


We invite your interaction and comments on any of our weekly sales topics, just click on this link StrategicMedia@msn.com and email us your feedback, we'll be happy to publish your comments and input on our website. 
 


Strategic Media Sales Radio Sales Consultants Bob Reid Robert John Reid Radio Sales Trainer for Radio Sales Growth

 

Good selling,

Bob Reid

Top Line Performance For Your Bottom Line



Strategic Media Sales markets a number of radio sales systems for your sales team and highly visual sales presentations specifically for your station's advertisers.  Those systems will empower your own Account Managers by providing dynamic motivation for station clients to invest with your station and grow your top-line sales along with your bottom-line profitability. Strategic Media Sales also conducts sales seminars and workshops at station level to spearhead your sales growth.  SMS will work with your station personnel on short term projects or develop and customize long term strategies to impact your sales growth.  Call NOW for a confidential consultation...(616) 974-4190 (United States).


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