Author Archives: ensonsales

The Gift of Gab

Every once in a while, I meet a salesperson who proudly proclaims their strength to be, “I’ve got the gift of gab.”  In sales, the ‘gift of gab’ is more aptly described as ‘the curse of chatter.’

Successful sales professionals know that sales are really more about listening than it is about talking.

Those with the curse more often engage in product-feature speak than they do in providing customer-focused solutions or opportunities.

Customers don’t care how much you know until they know how much you care….and caring is demonstrated by listening.

Listening is by far the most important and difficult skill a sales professional can learn and practice.  The sales people who annoy and alienate prospects the most are those who claim to be good listeners but follow every customer objection with a “yah, but…..”

There is no room for the word ‘but’ in a good listener’s vocabulary.

To be a professional listener you need to;

1.) Earn the right to ask questions by learning something about the prospect’s business before you make a call.

2.) Prepare with open-ended questions that encourage the prospect to express their views and feelings.

3.) Demonstrate you are listening by taking notes. (Always ask permission to take notes. (“Your input is important to me, do you mind if I take a few notes?”)

4.) Paraphrase and summarize what you hear.  Don’t start a debate.

5.) Use the language and needs you hear the customer express when you make your presentation.

6.) Make certain that every benefit you present relates to a need you heard the prospect express.

There is a lot more money to be made being interested than there is in being interesting.  So why not shut up and make some money!

The Secret to Increasing Your Sales

In this excerpt from my 2001 book, I wrote: “Tear up the last page in your presentation and double the investment you are asking for.” That was one of the keys to success then and remains so in 2017.

Here are the simple back-to-basics steps that still work today:

  1.  Know your prospects dreams.
  2.  Wear your ad manager’s hat & do the best presentation you possibly can with the client’s best  interest at heart
  3.  Establish a budget within the parameters, as described by the client.
  4.  Look for the big idea.  Revolve your presentation around a creative solution to an agreed to  client problem or dream; not around spots, rates, or GRP’s.
  5.  THEN TEAR UP THE LAST PAGE, AND DOUBLE THE INVESTMENT!!!

WHY DOUBLE YOUR PRESENTATION?

 

  1. A)   From a Client Perspective
  1.  Dominating your medium will capture and gain a dominant Share-of-Mind and subsequent  dominant Share-of-Market with your audience.
  2.  Major investments are viewed with much more respect and attention than minor or token  investments. Your advertisers have a vested interest in ensuring your campaign works if the  investment is significant.
  3.  More budget directly increases reach, frequency, Share-of-Voice and success.
  4.  Clients seldom tell you their real budget. They believe they have a vested interest in reducing  their costs, but will always invest more if they are convinced they’ll get a return on that  investment.
  5. Larger ‘asks’ demonstrate your confidence in what you are proposing.
  1. B)   From Your Perspective
  1. You deserve more. Radio should not continue to accept competitors as “automatic buys”.
  2. It takes just as much work to write and service a $20,000.00 account as it does a $100,000.00 account.
  3. You will make more money………more easily.

If only half your clients double their budget, and you capture the original proposed budget as a fall-back position with the other half, your sales will increase by 50%.

How Unique is Your Market?

In last week’s BIA Kelsey Local Media Watch blog, they suggested, “It’s good to think of small markets as unique, rather than as reflections of the national advertising market.”

 

The article drew the conclusion that different media combinations work differently in every market. And while that may be true, I believe it missed one important variable when trying to rationalize the differences in advertisers’ media use from one market to another.

 

I suspect the difference has as much to do with the effectiveness of media sales forces in each market, as it does with the effectiveness of the various media in those markets.

 

The article failed to recognize the role of sales forces in telling their media’s story and capturing market share.

 

Here is a sample of the local market ad revenue differences they discussed:

 


Media
         Market A Share           Market B Share          Share Difference

Online               12.76%                         19.60%                       6.84%

Radio                11.43%                           7.50%                        3.93%

Print                    9.96%                          12.46%                       2.44%

Direct Mail          0.47%                           7.10%                        6.63%

 

You can see that Radio captured 52.4% more share of ad dollars in Market A versus Market B, that’s huge! You’ll also note that the more successful radio market appears to do so at the expense of Online, Print and Direct mail in that market.

 

I haven’t named the markets, but I’m somewhat familiar with both and I suspect the radio sales forces in Market A are much more effective at selling radio’s strategic role in the new media landscape versus Market B.  Radio sales execs in Market B obviously fight for station share of tight radio budgets thinking the other radio stations are their competitors rather than understanding how to sell a more dominant role for radio in a media mix.

 

Click here to arrange an online overview of how our SoundADvice and TOMA Research can educate clients, and train radio account executives, on why radio deserves a larger share of advertising budgets in your market.

Now What….CONGRATULATIONS?

                Okay, so every professional salesperson sends the traditional ‘thank you’ note after every sale.

                What if you broke from the pack and wrote a ‘congratulations’ note instead?

                Congratulating your client on deciding to work with you on their next ad campaigns will certainly differentiate you from the more traditional.

                Saying ‘congratulations’, along with a short note reminding your client they’re about to enter a productive partnership and what you are about to do to help achieve their goals can also alleviate buyer remorse.

                The long term effects of advertising done right are self evident, but clients often get nervous about writing a check this month if there is no instant gratification.

                Your congratulations note, along with a clear outline of the next steps you are about to take can firmly establish your relationship and your brand as a marketing partner.

What Digital Experts Don’t Tell You

Do you have an advertiser who is infatuated with their digital ‘expert’ or agency?

We suggest you ask your client to ask their digital consultant or advisor, “What is the most common word internet searchers use to find your business?”

If they’re honest, the answer won’t be a key word or other SEO tactic. They’ll have to admit that the most common word used for consumers to find them through search is their name or their business name.

You can bet that until they were asked, they did not tell your advertisers about the role of branding & creating pre-search name awareness in driving more online traffic.

There is no substitute for name recognition when consumers search for a business online. And there is no disputing the intrusive power of broadcast advertising in creating top of mind awareness and name recognition.

That’s not to say there is no value to some of the online tactics implemented to capture more leads. But if the advertiser’s marketing has been effective, nothing will trump name recognition.

Our local TOMA (Top-of-Mind Awareness) Surveys consistently validate the power of broadcast advertising to create top of mind awareness and drive more online traffic, leads, and sales.

In his Monday Morning Memo, Roy Williams wrote, “I’ve long suggested that radio stations fund a TOMA study every two years. Few things are as valuable in the eyes of advertisers as these revealing market snapshots.”

         Click here to arrange an online meeting to discuss how conducting a TOMA study in your market will increase your local revenues.