Media Selling. Warner Charles Dudley

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Название Media Selling
Автор произведения Warner Charles Dudley
Жанр Кинематограф, театр
Серия
Издательство Кинематограф, театр
Год выпуска 0
isbn 9781119477419



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However, in 2018, Facebook CEO Mark Zuckerberg announced a change in the mission statement. It is now: “Bring the world closer together,” which is still inspiring and positive and more in tune with Facebook’s effort to reduce fake news and divisive posts, some of which were attributed to Russia during the 2016 US presidential election.

      Google and Facebook’s mission statements have been widely covered in the general and trade press. Why? Because the concept of a business doing well by doing good, in other words, having a commitment, or cause, of serving their communities and doing something good for humanity has been shown to be good business because it attracts and keeps good, purpose‐driven employees. Having a meaningful cause also appeals to consumers and suppliers.

      One of the reasons for the corporate emphasis on meaningful mission, or purpose, statements is the realization that, in general, most people want a sense of meaning in their work, as Facebook discovered. In Daniel Pink’s 2011 book, Drive: The Surprising Truth About What Motivates Us, the author writes that there are three things that motivate humans: autonomy, mastery, and purpose. People want autonomy because they do not like to be told what to do all the time. They seek mastery because there is an inherent drive to be good at something. They seek purpose to give meaning to their work.

      Therefore, a sales organization must be in synch with its corporate mission, its corporate purpose. So, if you work for Google in sales, the purpose, or mission, of the company is, “To organize the world’s information and make it universally accessible and useful,” but Google’s sales organization has its own mission to support its corporate mission.

      Mission

      The mission of a media sales organization is simple and direct, it is to get customers and keep them.

      The mission of an old‐fashioned media sales department was to maximize revenue, which is an internally focused mission that met a media company’s economic need but did not give nourishing meaning to the work that salespeople do. Pink’s three motivational drives do not include making money, making budget, or maximizing revenue because increasing revenue or making a revenue budget tends to make the owners of the media richer than it makes salespeople. Thus, working harder to make someone else richer does not seem to be terribly meaningful to the vast majority of media salespeople. In order to be motivational, a mission or purpose has to be meaningful. It has to give meaning to the work people do – to make them feel good about what they are doing – and for media salespeople, turning customers into partners and helping them get results and be successful makes them feel good about what they are doing.

      Objectives

      The four objectives of a media sales organization in order to fulfill its mission to get customers and keep them are:

      1 To get results for customers

      2 To develop new business

      3 To retain and increase current business

      4 To delight customers

      To get results for customers

      Results must be defined by customers – increased sales, reduced distribution costs, increased profit margins, increased share of market, high ROI, increased product awareness, or improved corporate image, for example. Salespeople must help customers get results for two reasons: (1) if customers do not get results, they will not renew their advertising schedules, and, thus, salespeople must take a long‐term view and create renewable business, and they must get results for customers as the customers define results; and (2) helping people makes a salesperson’s job more meaningful, and, therefore, makes both the customer and the salesperson happier.

      To develop new business

      That is, to turn prospects into customers and then partners. A sales organization must continually develop new business from agencies and clients not only to replace accounts that are lost each year due to normal account attrition but also to ensure growth. Another important reason for constantly developing new business is to create demand, because it is demand that largely determines the price of media advertising.

      To retain and increase current business

      Managing customers obsessively in order to delight them and getting them to renewal is vital. Just as important is to continually pre‐sell and provide clients and agencies with solid evidence, reasons, and, especially, ideas, for them to increase their investment in your medium. Your best prospects are your current partners, and continually showing them the benefits of your medium and getting an increased investment from them is crucial for growth.

      On every account contact, always present customers with ideas that will lead to an increased investment and will reinforce the value of their current investment. Remember that advertising is an intangible product that requires more reinforcement, servicing, and reassurance than a tangible product would. Partners require constant attention if you are going to retain and increase current business.

      To delight customers