Busy Is Not A Good Word

      Who’s In Sales?

Back to Basics Marketing

          I just read a 242 page report entitled, The State of Social Media Marketing, compiled from surveying 5,140 marketing professionals. The survey was conducted to determine how these experts were using social media to launch campaigns and promotions, measure return on investment, and engage audiences.   

          The publisher promoting the report highlighted these three findings;         1.) Social media strategy is far more important than hurriedly    enacting a bunch of social media tactics.

          2.) There is no such thing as one-size-fits-all in social media tactics.

          3.) It is critical to map social media plans to a strategy that is          customized to your company and customers.

DUH!

          What’s so darn different?! Marketing communications basics are obviously the same from media to media;

1.) Your strategy and message are key to your success.

2.) There is no message where ‘one-size-fits-all’.

3.) Your message has to be ‘customized’ to fit your customers and your company.

          With all of the jargon and hype around new media, it’s pretty easy for you, and even easier for your clients, to become intimidated and feel overwhelmed.

          Don’t!

          Those of us who have honed and sold our skills as marketing communication experts rather than commoditizing spots as our ‘inventory’, have skills even more valuable to advertisers today than when there were fewer media and messages to deal with.   

          Your prospects can buy spots and space from more media choices now than ever before. The media sales people who will earn advertiser dollars in 2010 and beyond are those media sales people who have always understood the basic ‘findings’ of that 242 page report. The strategy and message must fit the customer and the company.

          P.S. A pet peeve of mine is media people who sell spots, thinking they can run the same ‘one-size-fits-all’ message in every format. If you are selling a cluster with dramatically different target audiences, is it realistic to run the same message on every station? Shouldn’t your car dealer promote a different car to your golden oldies audience than she promotes to your hip hop audience?

The Commodity Trap

                In his book, Beating the Commodity Trap, Tuck professor Richard A. D’Aveni warns that commoditization has never posed a greater threat to business than it does today.
            While many companies claim they are customer focused, they consistently fall victim to competitive pressures and buying tactics rather than deliver solutions to their customers’ problems.
            A new rep at a station we work with recently showed us a competitor’s discount package and insisted he needed a similar package to sell.
            The station he had just joined has experienced a dramatic turn-around in sales recently by utilizing our customer centric approach to selling. But the new kid had not yet drank our Kool-aid.
            The successful reps at that station have learned what it means to be truly customer centric. Instead of asking, “How can I compete with our competitor’s packages?”, they ask questions like;
 

• “What is it my customer really wants?” 

Hint: it’s not spots and rates.

• “What solutions can I deliver to solve their most pressing problem?”
• “What’s my ‘big customer focused idea?”

            There are many media reps that were sucked into the trap of thinking advertisers only cared about prices and commodities when the selling got tough.
            But now, more than ever, your clients need solutions to their problems and a reasonable return on their investment. There are many media and non-media vendors who are winning bigger orders today by helping their clients achieve their goals and solve their problems.
            Are you a solutions seller or a commodities broker? Commodities brokers seldom build lasting customer relationships because there is always a broker who will sell for less.
            The sad part is, advertisers who jump from broker to broker never achieve the consistency and strategy necessary to get a return on their investment. Many who bought that way when times got tough, have learned the hard way that a return on investment is much more important than the cheapest commodity. 
            If you tried the commodity broker route in reaction to your competitors, I have to play Dr. Phil and ask, “How’s that working for you?”
            Maybe it’s time to sharpen your skills as a customer focused marketing expert and break away from that downward spiral in 2010.

Emotional Intelligence

          A great deal has been written lately about the role of Emotional Intelligence (EQ) versus the traditional Intelligence Quotient (IQ) in effective leadership.

          The evidence strongly indicates that superior leaders share a common set of EQ characteristics, chief among them being high self-awareness and an exceptional ability to empathize.

          Long before I read the research on the role of Emotional Intelligence in effective leadership, I recognized the most successful leaders I work with embody those two characteristics.

          Managers who do not possess high self-awareness or the ability to empathize with their internal customers (staff) and external customers (advertisers) often reject the tools we offer for self-improvement.

          I think Bill Gates put it best when he said, “Welcome your unhappy customers. They can be your greatest source of learning.” 

          Self-aware, confident managers recognize there is always room to improve, and are confident enough to install mechanisms and processes to invite constructive criticism from their staff and clients.

          Empathy is defined as, ‘the capacity to participate in another’s feelings or thoughts’. Do you conduct surveys or post-campaign analysis to find out how to improve your performance from a customer’s point of view?

        Are your performance reviews and one-on-ones a one way street, identifying how your people can improve?  Or are you confident enough to engage a 360 degree process that unveils how YOU can do a better job as well?

          Do you invite your sales people to fill out a ‘Meeting Evaluation’ after every sales meeting to make your meetings more productive?

NOTE: you can download a copy of our 10-second meeting evaluation form from our website; www.wensmedia.com and click on ‘for media’, then ‘free stuff’.