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Showing posts with label Bringing. Show all posts
Showing posts with label Bringing. Show all posts

Friday, August 9, 2013

SALES)How Are You Bringing New Sellers On Board?

8-7-2013

Sales managers have a really hard job. They are successful only when others are successful. They run about 50 sales meetings a year and strive to make each one memorable and impactful. They know their client base inside and out. They manage inventory, establish prices, handle negotiations, and put out fires. They recruit salespeople, train them, and coach them to success. 

The key to their success is always their sales team. If the team is on fire, so is the sales manager. If they are floundering, so is the sales manager. And ratings can cover up a lot of problems. Ratings are like the ocean. When the ratings are good, there?s a high tide all the time. When the ratings are bad, the tide goes out and all the trash and rusting wreckage on the bottom is visible for all to see. That junk was always there ? just hidden by a cloudy sense of victory and the misguided belief that it would always be that way. Often, when the tide goes out, one critical area that?s been overlooked will surface: sales training. Consider these questions: 

Do you have an onboarding program for new sellers? Radio is, alas, often late to the party when it comes to programs that are standard in other industries. Onboarding ? the process through which new employees are welcomed and trained so they become productive team members ? is often overlooked, abbreviated, or alien in our industry. New sales hires need special care and help at the beginning of their tenure with you to ensure their success. 

They need to understand the company?s core values and initiatives. They need to be able to professionally represent the station or stations to the advertising and business community. They need to understand who does what and where to go for help and guidance. They need to fully understand what is expected of them. If you don?t have a plan for this, you likely have new sellers who feel lost, take longer to get up to speed, and are more likely to leave within the first year of employment. 

Have the majority of your newer salespeople been with you one year or longer? Every market seems to have a cluster with a reputation for burning through salespeople. The old school attitude ? hire ?em and see if they stick ? is so yesterday. Don?t be that cluster! Recruiting and retaining talented salespeople is critical to your success. If you are wasting resources bringing in people who are not a fit, or who are not properly onboarded and trained, you are doing a disservice to your company, yourself, and your client base. 

Do your sales meetings have a focus on training? Or on sharing information? Many sales meetings are terrific. People leave feeling better about what they do than they did at the beginning of the meeting. They learn new things and their confidence in themselves and their ability to position the products they represent is enhanced. Others are more like a living memo. Information is disseminated, handouts are passed around, facts and figures are shared, and everyone adjourns. What has really been accomplished in that scenario? Besides time passing? Adults learn by doing. If you aren?t creating opportunities for practice, Q&As, discussion, and more, you are missing the point. 

Are your one-on-one meetings focused on accounts and accountability? One-on-one meetings are a necessary part of the salesperson and sales manager relationship. They should be focused on key and target accounts with an emphasis on action: How can we make this happen, accelerate this process, improve this relationship, renegotiate this deal, get in to see this person, etc. The sales manager runs this meeting, not the sales rep. If the meeting has become the one time a week the salesperson can drop every fire or potential fire on the manager?s desk, something is haywire. 

Do you have a coaching plan for each salesperson? Everyone on your team wants to grow. They want to grow their knowledge, their incomes, their capabilities, and their impact. And you need to hold up your end of the relationship. You need to understand each seller, their goals, their strengths, their weaknesses, and more so you can individualize your approach to help them be the best they can be. 

When all the gears are moving smoothly in a radio station sales department, you can practically hear it hum. Take a moment to take stock of your situation and honestly assess how well you are meeting your team?s needs so they can lead you to success. 

Marijane Milton is international director of revenue innovation and training at MBMI. She worked at Entercom for 11 years as its vice president of training and development prior to joining MBMI. Reach her at mmilton@multibrandmedia.com.  

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Monday, October 29, 2012

Borrell Bringing a Life Preserver to Forecast

10-26-2012

It's no secret that radio is still well behind print competitors in local ad spending; newspapers and Yellow Pages combine for about a quarter of all local ad dollars. But those mediums are sinking fast under the pressure of digital competition.Where will their advertisers go? Gordon Borrell of Borrell Associates has a pretty good idea. And he thinks there's a lot of room for radio to move in on print -- if radio understands where its opportunity really lies.

"Local advertising is undergoing a fascinating evolution," Borrell says. "Less money is being spent on classical-type advertising and more on dynamic marketing and promotions. The marketplace cacophony is so loud that it?s gotten harder and harder to sell spots -- or any other type of advertising, for that matter. What?s emerging is a powerful opportunity for radio to capitalize on what their beleaguered print competitors have discovered. Handled the right way, the Internet becomes not a way to make a few piddly extra bucks, but rather a significant revenue magnifier."

Are you prepared to take real advantage of the digital future?

Gordon Borrell, CEO of Borrell Associates, is a leading media analyst, top-ranked worldwide and frequently quoted in the Wall Street Journal, New York Times, Ad Age, and other publications. He's a popular and incisive speaker widely sought after for conferences and events, and you won't want to miss what he has to say.

Radio Ink's Forecast is the radio industry's exclusive financial conference, gathering radio owners, CEOs, CFOs, group executives, and managers with Wall Street and private equity investors and analysts to forecast the upcoming year. Well informed and noted economic, political, and media participants present trends, opportunities, projections, and analytical commentary on the state of business, especially as it impacts media. Now in its 10th year, Forecast has become the premium event in radio financial circles. The event is held at the Harvard Club in New York City and is closed to the press.

Immediately following Forecast, Radio Ink's "40 Most Powerful People in Radio" are honored at an exclusive, invitation-only reception, also at the Harvard Club. Forecast attendees will get the exclusive opportunity to mingle with these industry luminaries. Only registered conference attendees are guaranteed invitations to this premier networking after-party. Attendance is limited to 200.

Register for Forecast HERE



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