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Your Salespeople Have A Free Franchise

When Radio Ink magazine selected one of our blogs as "The Best of 2012,"
we decided it was worth repeating in your weekly ENS on Sales.
Here it is. Your Future.

Your Salespeople Have A Free Franchise
 

 

Does your sales staff fully appreciate their FREE franchise?
Think about it, what do typical franchisees receive when they invest their life’s savings in a franchise?
Franchisees pay for the rights and privileges of using a recognized name and trademark. Your station name, heritage, format, and logo provide a strong brand for your salespeople to represent.
Typical franchisers offer protected territories as long as the franchisees meet agreed-to quotas. Most broadcast organizations offer their "sales franchisees" similarly-protected account lists.
Franchisers continuously improve their products and services. Broadcasters too are constantly improving programming to grow audiences.
Franchisees rely on the training provided in their franchise agreements to teach them the "tricks of the trade" they have invested in. Successful broadcasters continually provide professional training for their sales executives.
Franchisers provide proven systems and procedures. Radio account executives utilize the broadcaster’s traffic, accounting, ordering, and billing systems.
Franchisers advertise to enhance the value of their brand. Stations advertise and promote on-air and in other media to keep their brands current.
Franchisers invest in market research for their franchisees, just as broadcasters invest in research like Nielsen, Arbitron, TOMA, and various other research and marketing tools.
Last but not least, franchisee remuneration is directly proportionate to the success of their franchise. Commissioned radio executives earn incomes directly proportionate to their success.
I have had the opportunity to consult several national franchise organizations and their franchisees. Many franchisees pay $50,000 to $100,000 or more just to buy a small local franchise. They also pay for real estate, equipment, support staff, and ongoing royalties. In spite of their large investment, typical franchisees will earn LESS than the top biller at your station!
One of the benefits franchisers promote is "being in business for yourself but not by yourself." In most radio sales departments, professional salespeople are given the latitude to manage their time and their accounts and account strategies, but they have good management supporting and coaching them each step of the way.
Telling your staff about their free franchise can inspire a commissioned salesperson to be more passionate and professional about managing their franchise.
I have learned, however, that not all franchisees experience the same degree of success. More importantly, I’ve discovered that it is the franchisee who makes the franchise succeed above and beyond expectations, NOT the franchisor.
Here’s what your account executives can learn from the more successful franchisees in other fields across North America;

Embrace Change

When a franchiser introduces new products, ideas or changes it is because they are committed to improving results for the franchisee….and the success of the franchiser is directly dependent upon the success of its franchisees.

Your station’s success is also dependent upon the success of its salespeople. When management introduces change it is because they are convinced it will make their salespeople, and themselves, more successful. The most successful franchisees always give change a chance.

Rally Behind the Flag

In franchising, there is a thing called "The Franchisee Dependency Curve." When a new franchisee comes on board they are initially delighted, learning new things every day, managingtheir own business, and appreciating what the franchiser brings to the table.
But some franchisees become complacent. As their learning curve flattens, they begin to begrudge the royalties they are sending the franchisor. These franchisees begin to fail when they say, "But my market is different" or " I know better than head office."
Your account executives’ fates are no different. When an A.E. says, "But my account list is different" or " I know better than management," they begin to lose the benefits of their franchise.

Go Beyond the Call of Duty

The most successful franchisees I’ve met actually go beyond what the franchiser expects. If, for example, the franchiser expects them to participate in one local charity for publicity and networking, the most successful franchisees will get involved with two or three charities.
The most successful franchisees actually improve upon and build upon management initiatives and volunteer to sit on franchisee project committees.
And when they do find an improvement that works for them, they enthusiastically share it with the franchiser for the benefit of all franchisees. They recognize that a stronger team benefits the entire franchise as well as their local franchise.
These same three keys will maximize the success of each of your salespeople’s franchises; one, embrace change; two, support the brand; and three, go above and beyond the minimum expectations management sets.

The Sunglasses Media

The Sunglasses Media

If you are selling local radio or TV advertising, get out your sunglasses….your future has never been brighter.

There have always been two basic types of media; intrusive media and passive media.

Intrusive media are those media which reach and influence consumers before they have a need, while they go about their daily activities and before they have entrenched brand preferences or prejudices, largely radio and TV.

Passive media are those media which can only reach people after they have established a need. Passive media require people to stop what they are doing in order to actively search for more information as they make their purchase decisions.

Until the Internet, however, many local ad budgets were weighted towards expensive passive print media. The cost of delivery and production for old passive media (lumberjacks, pulp and paper mills, truck drivers, fuel, printing press operators, delivery people, and more) left little money for creating a pre-need preference with intrusive media. Brochures, yellow directories, coupons and newspapers took the bulk of local-direct ad dollars.

Passive media have long been considered a necessary evil by local advertisers who felt they needed to deliver detailed information, facts, figures, prices or pictures that could not be accommodated in 60 or 30 second ads.

Well, hang on for the ride! Embrace the Internet!

Local marketers no longer need to pay letter carriers, paper boys, forestry workers or press operators to deliver their ‘necessary evil’ details, information or pictures.

They need simply to invest in designing and posting the information, with little or no production and delivery costs.

Those former print budgets can now go to intrusive media to drive traffic to the lower-cost websites. And here’s another reason we’ll do well in the new media world.

Local advertisers previously only competed with a few local advertisers in the paper or mail box. Now they compete against thousands and thousands of easy-to-find competitors around the world.

Smart local marketers need intrusive media more than ever to drive traffic and create awareness for their passive media message. Your intrusive media can create awareness, credibility and trust for local businesses and their websites over the thousands of online choices web-surfers have today.

Better reach for those sun glasses…and don’t go for the cheap ones, it’s a bright new lucrative day ahead.

 

Click hereto arrange an appointment to discuss how our Winning in the New Media Economy advertiser seminar will persuade advertisers to invest larger shares of their budgets with YOU in this exciting new media world.

 

 

Your Future

Your Future

Happy New Year?

It’s up to you!

There will be tons of predictions and forecasts about 2013 over the next couple of weeks, but management consultant, Peter F. Drucker, said it best when he said, "The only way to predict the future is to create it."

It’s often said that the only two constants in life are death and taxes. And it can be frustrating to realize we have no control over either.

But there is another constant in life called "change". We do control the impact of change in our lives by choosing to adapt to it, to lead it, and to capture every opportunity it presents.

We are seeing unprecedented changes in media, advertising and sales and the way we choose to accept and adapt to those changes is within our control.

I was reminded of the unstoppable nature of change and the value of choosing to embrace it, just last month. The Dunnville Chronicle, a small community newspaper that gave me my start in media, closed its doors after 116 years.

Considering I now make a living helping broadcast and online media to grow their revenues, many of my clients will be surprised to learn I got my start in print.

Those who look for blame in the weekly paper’s death will probably point to either consolidation or technology.

Some will lament the days when the paper’s local owners were an integral part of the community, as passionate about the community’s success as they were about the papers. On its’ death bed, the weekly was owned and managed from afar by large newspaper conglomerate. The failure must be the "fault" of consolidation. Sound familiar?

Others will blame technology or new media. In its hay day the paper employed 14 full time people. Technology had made it possible to produce an arguably better product with only four people and to capture the local news as it happened rather than waiting for the weekly to be printed and delivered.

In reality, my first employer’s demise is nobody’s fault and no one is to blame, any more than someone is to blame for my hair turning grey (although I sometimes joke with my kids that it’s their fault my hair turned grey)

Change is inevitable, not bad, maybe sad, but unstoppable. And I’ve been able to adapt those same interview and questioning skills I learned as a newspaper reporter, to give me a competitive edge when meeting with advertisers today.

The Chronicle’s old linotype operator who refused to learn and adapt to new word processing technology was one of the paper’s first casualties, way back in the early eighties.

The marketing and sales skills I learned when I asked for a transfer from editorial to advertising are now transferable to broadcast and online media.

Most importantly, I saw the writing on the wall many years ago when I left print to get into broadcast. The best way to predict the future really is to create it!

You can’t escape death and taxes, but you can create your future. What kind of future are you going to create in 2013?

400 Minutes a Day

400 Minutes a Day

According to an article in the January 1, 2013 issue of MediaPost, the World Association of Newspapers and News Publishers concede that a full two thirds of media consumption is now spent with radio or TV.

The newspaper folk’s Annual World Press Trends report says "People are spending an increasing amount of time with digital services, with overall media consumption levels increasing to in excess of 400 minutes a day."

The newspaper funded report admits "Two-thirds of this time is spent with TV or radio, during which people regularly do other things at the same time."

I guess it’s pretty hard to read the newspaper while driving your car or searching on Google!

P.S. ENS Media’s ‘Winning in the new Media Economy’ sales training and advertiser seminars are successfully converting former print advertisers to a radio/TV and online media-mix every day. We still have a few dates left in 2013. Email [email protected] to inquire about booking your Winning in the New Media Economy system to increase your sales in 2013 and beyond.

 

 

Attitude Causes Altitude

Attitude Causes Altitude

 

You may have heard about the passing of 86 year old motivational speaker, Zig Ziglar last month.

Mr. Ziglar’s 25 books, countless audio tapes and seminars, and multi-million dollar motivational company influenced the lives of literally millions of people around the world.

I’ve often been skeptical of ‘motivational speakers’ and their lasting impact upon people. The mere term can conjure up images of hype and pomp lacking in substance.

After all, motivational speakers extol the virtues of positive ‘self-talk’ and we all know only crazy people talk to themselves. And seeing the world through rose-colored glasses can cause you to be out of touch with reality.

But there is no mistaking the indelible quips of the likes of Zig are more than just hype. There is strong scientific evidence about the power of positive thinking on adrenalin levels, energy levels, and on physiological and psychological well-being.

We’ve all heard the true tales of people doing seemingly impossible things, like lifting cars off of accident victims, when can-do attitudes trigger an adrenalin rush.

One of Zig Ziglar’s quotes, "You can get everything in life you want if you will just help other people get what they want" has been a guiding light that’s served me well with my family, my employees, and my clients.

And when there is a task I’m facing that I don’t relish, I simply recall Zig saying, "If you are going to have to swallow a frog, you don’t want to have to look at that sucker too long." Procrastination is the enemy of progress.

Co-incidentally, the week following Mr. Ziglar’s passing, online marketing guru Seth Godin wrote in his daily blog, "When everyone has access to the same tools, having those tools isn’t much of an advantage. It’s time for a new advantage. It might be your network, the connections that trust you. And it might be your expertise. But most of all, I’m betting it’s your attitude"

I can’t think of a single happy or successful person who got there focusing on negatives or what’s wrong. Every happy and successful person I know has been influenced by someone like Zig to look optimistically at how things could be rather than dwelling on the shortcomings of how things are.

So Merry Christmas and a Happy New Year Attitude!