Tag Archives: perception

Harness the Power of the Paper Trail

If the only tangible your customers receive from you is a

presentation and an invoice, you are headed for trouble.

Your customers want value and their value equation is simple:

Value = Your Customer’s Expectation of you + or – Your Customer’s Actual Experience when they do business with you.

          Here is the good news. YOU control both ends of this important equation. Value is a perception rather than a reality, and you have the tools to create realistic expectations and take credit for over-delivery on those expectations.

          Many salespeople, however, in a frantic effort to capture a sale, make promises and build expectations they cannot possibly exceed. And just meeting the customer’s expectation does not deliver the positive value perception you need to build strong customer relationships.

          What is even sadder, some salespeople who do deliver an experience greater than the expectation, do not take credit for doing so!

          Do you deliver an impressively written wrap-up report after each of your major campaigns, complete with photos of customer traffic and outlines of what you did over and above what was contracted for? Do you conduct a post-campaign analysis to make each campaign better than the last? Do you ALWAYS under promise and over deliver and have a paper trail to prove it?

          Radio has often been defined as an ‘intangible’. The dictionary defines tangible as ‘able to be perceived by a sense of touch’.

          Delivering comprehensive wrap-up reports to your clients, with scripts, schedules, photos and more, can actually make their radio investment tangible!

          If the only ‘paper’ from you in your customer’s file is your attempt to get an order (your presentation) and an invoice, you are missing the boat.

           Account executives who deliver tangible evidence of their over-delivery in the form of a written wrap up report soon find themselves immune to pressure from competitors who do not manage the experience side of the value equation

 

 

ENSMedia Inc. 705-484-9993

Your Toughest Selling Job in 2017

Your toughest selling job in 2017 is not selling your advertisers. Your toughest selling job is selling your sellers.

They are beat up on the street every day being told radio doesn’t work, no one listens to radio in the digital age, your rates are too high, the economy is tough and so on and so on.

You know that repetition sells, and over time the repeated arguments your prospects throw at your salespeople, take their toll on their attitudes and perceptions.

What are you doing to sell your sellers in 2017?

Is selling radio, your events, sponsorships, digital products and promotions still fun?

Do your salespeople know how to sell radio’s strengths in a rapidly changing media world?

Is your remuneration package competitive with other business-to-business sales organizations in your market?

Have your salespeople been taught how to sell reach versus frequency as your reach remains consistent but your hours-tuned become eroded?

These are questions that must be answered daily as you compete in 2017.

Our SoundADvice radio e-marketing system can answer all of these questions, for your sellers and your advertisers.

Click here to find out how SoundADvice can help you answer your clients questions

In case you missed it, a panel discussion at last week’s NAB Radio Show destroyed a number of myths about radio;

  • Myth: “AM/FM radio has very low weekly reach” (Fact: A perception of 64% vs. 93% in reality)
  • Myth: “TV is the way to reach millennials” (Fact: AM/FM radio has a weekly reach of 93% among 18-34-year-olds, compared to 73% for television)
  • Myth: “Audience shares of Pandora and Spotify are almost equal to AM/FM” (Fact: AM/FM radio shares are 8 times that of Pandora and 19 times that of Spotify)
  • Myth: “In the world of the connected car, the number one thing people do is stream online radio on their smartphones” (Fact: AM/FM radio owns a 71% share of in-car audio time among those 18+)
  • Myth: “No one under 35 listens to AM/FM radio any more” (Fact: Nielsen statistics show that millennials account for the largest AM/FM listening audience at 67 million)
  • Myth: “Six out of 10 agencies/marketers believe radio listening is dropping” (Fact: From July 2015-July 2016, radio listening was up 5% for persons 18-34, 6% for those ages 25-54 and 5% for persons 18-49)
  • Myth: “Today’s optimal media plan: Put all your money into mobile and social” (Fact: The Advertising Research Foundation’s Optimal Media Mix proposes a media mix of 78% traditional and 22% digital)
  • Myth: “There’s a total lack of ROI and sales lift evidence for radio” (Fact: The average Nielsen Return on Advertising Spend: $8 for every $1 spent on AM/FM radio)

Are you destroying these myths in your market?