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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rel="nofollow" href="#ua663f57a-9836-500c-a1c2-213408777ac6">Chapter 14: Customer Success covers the techniques of delighting customers and partners.

      In some smaller organizations with a limited sales staff, all four of the above objectives might be assigned to a single salesperson. However, in larger media organizations such as Facebook, CBS, or iHeart Media some of the above objectives might be divided into separate and discrete functions. For example, getting results for partners might be the overall objective of all sales job functions, but developing new business might be the objective given to a business development or partnership staff, retaining and increasing current business might be the objective of an agency sales staff, and delighting partners might be the objective of an account management or customer success staff.

      Strategies

      Strategies are long‐term, overall operating concepts and principles that guide actions toward stated objectives. In order to achieve the above sales objectives, salespeople should follow these sales strategies:

      1 Create value

      2 Research and develop insights into prospects’ and customers’ problems, challenges, pain points, and competitive positioning

      3 Become an expert about how your medium works and solves marketing and advertising problems

      4 Become the preferred supplier

      5 Innovate

      Create value

      A salesperson’s most important sales strategy is to create value for their product, to create a perception of a differential competitive advantage of their product in prospects’, buyers’, and customers’ minds. Creating value means telling a compelling story and educating your prospects, buyers, and customers about your product and medium. Here’s an example of creating value with a sales story:

      1 A new kids’ toothpaste is blue and tastes like bubble gum.

      2 A revolutionary new product that is a glistening, bright, cool, deep blue color that shimmers with flecks of silver, making it interesting, exciting, and fun for children to push out of a dispenser that is easy for small hands to manipulate. Its foaming action in the mouth is new and different; it is thicker and foamier, as if something important is really working in kids' mouths to fight cavities and to make their breath smell great so their mommies will know they really did brush their teeth. When the kids first taste their very own type of new toothpaste that is not for adults, they experience a taste sensation unlike any other. It is not toothpaste; it is bubble gum! Kids cannot wait to brush their teeth several times a day. They are likely to say after lunch, “Well, I think I’d better go brush my teeth.”

      Which of the above two sales stories about a new kids’ toothpaste creates more value for the product? Which sales story is better? Which story is more likely to make the sale? The second description tells a story and creates value for the product, which is positioned according to its benefits to the kids.

      Research and develop insights into prospects’ and customers’ problems, challenges, pain points, and competitive positioning

      Potential advertisers do not care about a website or app’s underlying code, a broadcast station’s power or antenna height, a cable system’s type of commercial insert equipment, or a magazine or newspaper’s press size or color‐separation ability – these are all features. What prospects care about is how advertising is going to help them solve marketing or advertising problems and challenges. Solutions to these problems are benefits. Therefore, salespeople must learn to position their offerings in such a way that they always answer prospects’ question, “What’s in it for me (WIIFM),” as is covered in depth in Chapter 10: Researching Insights and Solutions and Chapter 11: Educating.

      Become an expert about how your medium works and solves marketing and advertising problems

      Effective selling is a lot more than just building and managing relationships; it requires being an expert about how your medium or product works and solves marketing and advertising problems. Effective selling requires being an expert in teaching prospects how to use your medium, tailoring your proposals to the needs of your prospects, and taking control of the sales conversation in order to give insights into how your solutions work.

      Become the preferred supplier

      Salespeople must create so much value for their medium or product that they become the preferred supplier with both a partner and that partner’s advertising agency if they have one. It is highly probable that clients will eventually change advertising agencies, so salespeople should create value and establish relationships at the client level. In order to become the preferred supplier, or preferred partner, salespeople must provide more and better information and service than any other salesperson from any other medium so the customer will think of them first when they need information or want to invest in advertising.

      Innovate

      Key tactics

      A salesperson has three key tactics to use on a day‐to‐day basis to help them carry out their broader strategies:

      1 To create a differential competitive advantage

      2 To build relationships

      3 To solve problems

      To create a differential competitive advantage

      Salespeople who cannot find ways to create differential competitive advantages for their product and for themselves are merely order‐takers or clerks who wait on customers and process transactions, and they will not build a long‐term career in the highly competitive environment of media selling.

      To build relationships

      A relationship must be built on mutual trust and respect, and salespeople must take the long view when managing a relationship. The relationship between a salesperson and a customer does not end when a sale is made; it is just beginning of the relationship from the customer’s point of view. The relationship should intensify over time and help to determine a customer's buying choices.

      To solve problems

      Salespeople must be creative in solving advertising problems that get results for customers. The objectives of a salesperson begin with getting