The majority of business owners, managers, and media buyers that deal with media reps have heard nearly every song and dance there is about why they should buy from you and your stations.
What a lot of them haven’t heard is… the TRUTH!
If you are not doing so now, here are some of the TRUTHS about radio that we should be sharing and using in our presentations with the decision-makers:
“Good advertising won’t make a bad business a good business.”
“We suggest fixing the inside of your business before you consider advertising.”
“No one listens to our radio stations for the ads.”
“When the jock stops talking or the song ends, and the ads come on, people actually lean back and subconsciously turn their ears off.”
“The radio station is not the most important element in determining whether your campaign will be successful or not.”
“When we air sports on a music station, our audience goes down, not up.”
“Nobody cares that you’ve been the ‘servicing dealer since 1969’.”
“No, we are not the most listened to station in town.”
“Yes, we play more ads than the stations across town, but there is a reason.”
“It’s true, radio is not listened to as often as it once was.”
…and the list can go on and on.
Most business owners are savvy people, and they can sniff out the “bull” pretty easily.
Answering objections abruptly and making exaggerated statements will deteriorate trust. Telling the truth and having a logical explanation for your “TRUE” statement will dramatically lead to a greater level of TRUST in you.
I am not suggesting that anyone is intentionally lying about radio or their stations. However, in an effort to defend our industry, sometimes the reality or truth gets stretched and important details get left out in order to make the sale.
In sales, TRUST and KNOWLEDGE are two extremely powerful traits.
The list of “honest” statements above, in nearly all situations, is true. Understanding how and when to use these statements and how to follow-up with them can be extremely powerful. We suggest in your next training session that you go over these statements and rehearse when and how to use them.
If you have questions as to when and how to use or follow-up on any of these statements or others, simply give me a call.
Continuing from last week where we discussed “when” to start the renewal process, today we are discussing the process on “how” to prepare for an upsell at renewal time.
Let me first say that upselling should not only be limited to renewal time. At any point when you uncover a need or the client has given you buying signs, you should prepare and present your plan that includes the upsell.
As we suggested last week, the renewal process should begin two to three months before your current agreement ends.
First, ask your client to set up a time to discuss “their” coming year. When requesting this meeting, choose your words so that the meeting is about them and their business, not about you and your advertising proposal. Say something like, “Mr./Mrs. Client, before we talk about your advertising plans for next year, I would like to set up a time to visit with you about what you think your business will look like in the next 12 months, what your plans are, what your goals are, and look more closely than ever on how to achieve those goals.”
After you have conducted this meeting, and any subsequent planning meetings, you then need to come up with a plan, including the “ideas” that will make your client consider investing more dollars with you and your station(s). Simply asking for an additional investment with no reasoning other than that you’re a rock-star media rep, and radio is a great medium, will generally fall on deaf ears and get you a NO to your proposed upsell.
I said generally. This doesn’t mean that if your client is receiving tremendous success from their current plan that they might not consider adding to their current program. They might! We’re only suggesting that if you have “ideas” it will make it far more enticing to say YES!
Here’s the icing on the cake that will impress nearly every business owner. Create an “Annual Re-cap” of their advertising agreement with you and your stations. This should be done just as you would with a formal multi-page proposal to include a cover page, their prior-year agreement/contract, the total number of ads they received, any promotional support and the value, copies of any photos or media coverage from events or promotions they held, and every script they ran throughout the year.
When you finally get to sit down with your client and make the renewal presentation, start with the annual re-cap. Then, under a separate proposal, move on to your recommendations with the upsell for the new year.
Showing your clients that you are interested in their success by preparing and presenting in a professional manner, and going the distance that most other media reps are not willing to go, will greatly increase your chances of getting your client to say YES to your upsell!