The Purpose of Your Advertising

The Purpose of Your Advertising

by | Mar 9, 2023 | Marketing and Advertising Insights, The Not-So-Secret Writings of ScLoHo, WOWO Fort Wayne Radio Advertising with Scott Howard

The Purpose of Advertising is to let others know about you, your stuff, or your brand in such a manner that it has an impact.

And before I go any further, the other distinction that Advertising has over other forms of communication is that you pay for it.  It’s not free.

Back to my first statement:

The Purpose of Advertising is to let others know about you, your stuff, or your brand in such a manner that it has an impact.

That word Impact.  What does that mean?

Well my friend, that depends on you.

For most advertising, the impact will not be recognized until sometime in the future.

Only a fraction of a percent of the people who hear or see your ad will respond in the moment and buy what you are offering to sell.

The impact however is not wasted just because the results are not instant.

When we are exposed to advertising messages, they are creating a neurological impact on us.

The ads are creating a preference for what they are advertising for and the more you and I are exposed to an ad or series of ads, the stronger that preference will be.

I’ll give you an example from 22 years ago, when I was not working in the advertising or media world.

My wife and I bought our first house together and decided we wanted central air since the house only had old fashioned window units.  I got quotes from two competing companies that were top of mind because of the advertising and marketing they had done over the years.  Never before was I in the market for central air conditioning and yet here I was calling up two companies that were Top Of Mind for me.  One of them got thousands of dollars that year, and a dozen years later the other company got a few thousand dollars of my money when we bought another home.

Think about it for a moment.  If you are watching a show and see an ad for something, nearly none of us are going to stop what we are doing and go buy what we just saw at that moment are we?

Sometimes, and I mean sometimes, not often, the message in the ad is something that can be acted on right away.  We had our local Home and Garden Show at the Coliseum recently and during the show, some advertisers were inviting listeners to visit their booth to win something.. The results were that a few of the people who heard the ads responded and told us so, but those were listeners who were planning on coming to the event anyway and we just enticed them to visit a specific business’s booth while they were there.

The Purpose of Advertising is to let others know about you, your stuff, or your brand in such a manner that it has an Impact. 

And that Impact will depend on what you are wanting to accomplish.

Contact me for more information.  Scott@WOWO.com.

 

Where’s The Money in 2023?

Where’s The Money in 2023?

by | Feb 27, 2023 | Marketing and Advertising Insights, ScLoHo's Collective Wisdom, The Not-So-Secret Writings of ScLoHo, WOWO Fort Wayne Radio Advertising with Scott Howard

Depending on where you get your news and information, you’ve probably heard a lot of Gloom and Doom stories about the economy.

Some say we’re in a recession, others say “no, not yet, don’t label it with the R word.”

Some blame the President, others blame the previous President, some say Covid, others say… well whatever, it doesn’t really matter.

For those of you who age 35 or younger, your adult lives were relatively stable until 3 years ago, economically speaking.

By 2010, a mere 13 years ago, the U.S. economy was in a growth mode that lasted 10 years. Inflation was down, unemployment was disappearing, stock prices were on the upswing and overall, except for the political bickering, we really didn’t that much to worry about.

Sure, there was and is talk about climate change, human rights, making sure everyone was being treated fairly without bias due to gender, skin color, race, or anything else that needs improvement.

But for today, I’m talking about money and the health of our economy in the United States.

Generally speaking, as a group, we were doing well.

But the impact of Covid related decisions has thrown us into a bit of turmoil and confusion.  Shutting down businesses, toilet paper shortages, overwhelmed health care operations.  Followed by disruptions in the supply chain for essentials besides toilet paper and eventually rising prices has had an impact on most people.

Those of you under the age of 35 haven’t seen this before and that can create fear of the unknown.

Those of us who are old enough to be your parents, have lived through challenges similar to this and I’m here to attempt to reassure you.

I turned 63 on my last birthday and am at the tail end of the baby boomer generation.  When I was a teenager, Jimmy Carter was the President.  We had just survived the Watergate years with the resignation of Richard Nixon.  Gasoline rationing was going on because we didn’t have enough.  Our country recovered and grew in the 1980’s.

The next big crisis I recall off the top of my head would have been September 11th, 2001.  The world stopped as all air flight was grounded and we had no idea what to expect.  We made adjustments and continued until the housing market took a tumble in 2008 and again, gloom and doom was the mood.

2008 was the year that a widely unknown candidate for the Presidency of the United States went all the way to the White House on a message of Hope & Change. It was during the Obama years that those of you that are 35 or younger first started becoming aware of money and what things cost.

On my team at Federated Media, the youngest is turning 26.  She is the first year of Gen Z.  I also have three Gen X and two Boomers. The life experiences color each of their perspectives and outlooks on life today and in the future.  But each is different too due to factors not related to age.

The original question of this piece is not about attitudes but reality.

The reality of who’s got the money to spend in 2023.

As a generation, the biggest chunk is still with the Baby Boomers, followed by Gen X and then Millennials.

In advertising, there used to be an ideal age demographic that was initially 18 to 34 year olds for a number of years and then shifted to 25-54 year olds.

Nearly all the advertising was targeted to people in this demographic and the question to ask is why?

Baby Boomers were the largest generation ever, spanning the years 1946 to 64 for their birthdays and by the 1980’s most of them were between ages 18-34.

As Boomers aged and started families, the desired demo shifted to the 25-54 year olds and sort of stuck there.

Problem is the youngest of the Boomers are turning 59 this year and have fallen out of favor due to their age for the advertising community.

The exception seems to be all the medical and retirement advertising.

But believe me, the people who have the money to support your business still are the Baby Boomers with over 50% of the wealth and Gen X with nearly 30% according to several studies including MarketingCharts.com.

Marketers like to focus on youth, whether that’s Millennials or Gen Z, but Baby Boomers are the big spenders. A MarketingCharts review of the latest data published by the Federal Reserve confirms that Baby Boomers hold the largest share of US household wealth. However, Gen Xers, and to some extent Millennials, are seeing their wealth climb.

As the General Sales Manager of 4 radio stations in Fort Wayne, Indiana that target our programming to reach people with money to spend, even now, I can help you by connecting our listeners to you and your business so you can convert them to become your customers in 2023.   Email me for information:  Scott@WOWO.com

7 Considerations For Successful Advertising

7 Considerations For Successful Advertising

by | Feb 13, 2023 | Marketing and Advertising Insights, ScLoHo's Media, The Not-So-Secret Writings of ScLoHo

As I write this on February 13th, not quite 24 hours have passed since I watched Super Bowl 57 and yet the impact of that game is reverberating in my world.

I had no skin in the game, even though the thought crossed my mind to wager since it’s now legal, but I declined.

Many advertisers, both national and local wagered that the game would be a good place to advertise and they ponied up the funds to do so.  Despite my media and marketing credentials, I watched the game as a normal person, live and on the screen.  I am going to review the game that my YouTubeTV account recorded for me, but for now, I’m just like you.

There are very few ads that I recall as being outstanding.  I remember the Pepsi Zero ads, a couple of movie ads (but don’t recall the films they were promoting), and a T-Mobile ad.

Here’s why I remember them:

I’ve seen Pepsi Zero and Mountain Dew Zero at the store recently but decided not to buy, because I like my Diet Dew just fine.  The T-Mobile ad was for $50 home internet service and it’s because I’m already a T-Mobile customer for our phone service and I’ve checked out their internet service before.   None of the ads I saw prompted me to take action and it’s doubtful that any will in the future because, well like I said, none of the other ads are top of mind with me, less than 24 hours later.

Now I know there were other companies advertising, but some of the companies I had never heard of before and I don’t remember them now.  Even the ones that I liked, I don’t recall who they were for.

Oh wait a second, I just remembered one more for Dunkin Donuts.  They used Ben and Jennifer but gave me no reason to buy a donut or whatever they were promoting.

Super Bowl Advertising used to be considered the best place to buy advertising because of the tremendous number of viewers and the supposed impact it would have on your business or brand.

Not really, instead I’ll share with you 7 Considerations For Successful Advertising:

  1. Reach. How many people will your ad reach?  Not just anyone, but the people that are likely to be your customers.  The greater the reach, the more it will cost.
  2. Frequency. How many times will those people be exposed to your ad?  During the Super Bowl all the national ads played only once so they get a frequency score of one. Some brands aired more than one ad like the Pepsi Zero ads I saw, so they get a score of two.  The higher the frequency to potential customers, the better in most cases.
  3. Messaging. A co-worker of mine has been getting a barrage of emails from a local company that have no purpose.  He entered a contest this business has going on for several weeks and every day he gets an email from them, wishing him a nice day, or something like that but there are no offers or calls to actions.  Most people would delete, unsubscribe or report this as spam.  Your Messaging has to have a purpose.
  4. Trust.  Does your advertising build Trust in your company?  Or is it detracting from your brand and image?  If your advertising has to have a lot of legalese or fine print disclaimers, you are not building trust.
  5. The Environment. Not mother earth, the environment of where your advertisement is placed. The advertising media that you are using has it’s own brand and if your brand and theirs are not compatible, that’s not good at all.  I used to work for a group of radio stations that allowed ads for “Gentlemen’s Clubs” after 9pm at night.  Unless you are running a business that doesn’t mind being associated with that, then you better not advertise on that station.  Think about it this way.  Would you want your businesses physical location next to them?  If the answer is no, then consider the same concept for your advertising.
  6. Human Relationship Principles.  Do your ads mimic normal human relationships in their presentation?  Or are they annoying ads that make you want to tune out?  You can use humor, you can use music, you can even use a straight voice, but the very best ads are the one that flow the way our conversations do when we are talking with friends and family.
  7. Trustworthy Marketing Consultant.  The majority of advertising sales people are not trustworthy marketing consultants.  Many are simply salespeople who are limited in their capabilities.  This limitation is either because of their personality, their training, or both.

It doesn’t take a Super Bowl ad to make your business successful, it takes working with someone that can help you navigate and understand what I just mentioned and who has the competence to work with you to dig in and create what’s needed.  Contact me if you want help,  Scott at WOWO.com

Up and To the Right

Up and To the Right

by | Jan 10, 2023 | Marketing and Advertising Insights, The Not-So-Secret Writings of ScLoHo

My friend Ben uses the term Up and To The Right to describe the direction business should be going when you chart it out.

I’ve worked for Ben since 2013 and we worked together nearly 15 years ago too and Ben is a numbers guy.

Me, not so much, but it’s part of my work and it really doesn’t matter if you are a numbers person or not, if you are running a business, you need to know your numbers.

The Up and To The Right visual should be your growth, your income, your profits.  It might also be your expenses but as long as the income is ahead of the expenses, you are probably on the right track.

It’s become more challenging the past 3 years for a lot of folks, there is no denying everyone has been impacted directly or indirectly due to rising costs, supply shortages and staffing issues.

However, we are still here.

The world hasn’t collapse into total chaos, a black hole, or the return of the Messiah, at least not today.

So each of us move forward with the desire to have our numbers in the black and not the red.

Up and To The Right.

I’ve consulted with numerous companies over the past few decades and learned enough to be able to have an intelligent conversation on nearly any business topic or business operation issue.

However my area of expertise is in the marketing and advertising side, not the manufacturing side.  I am also really good at asking questions to help draw out answers and possibilities on those areas that I’m not an expert.

Advertising and marketing’s purpose is to sell stuff.  Create a demand, invite people to become your customers and take them thru the consumer journey or buying funnel, what ever you want to call that process that results in people giving you money for your stuff.

Most business people are amateurs at advertising and marketing.  That’s okay because they are professionals with their area of expertise.

Except when they are spending money and don’t know what they are doing.  If this describes you, try not to be offended.

Just in the past two decades, I’ve worked in both traditional and internet mediums.  Radio of course, but also print, websites, social media and a host of related methodologies to generate customers for clients.  Most of you reading this or listening to this podcast, are relatively clueless about all of this.

Your son-in-law knows how to “Facebook”.  Your buddy “has a guy” that once built websites and he’s really cheap.

The media salesperson tells you all the reasons why their audience is a “perfect match” and they offer you a boat load of free ads along with a few paid ads and you sign up and hope it works.

Please stop this insane method of spending money to get customers and talk to people who truly know what they are doing.

Also stop chasing the next big thing and fall into the trap of tossing all your money at the big shiny new digital platform.

The people you want to spend money with you are human beings, not machines.  Most advertising is annoying.

You need to buy the least annoying ads that are targeted to your potential customers using a platform that is trusted and respected.

For years, we’ve witnessed the growth of digital ad opportunities.  Many had double digit (in percentages) growth in users and so you may have flocked to those platforms.  I’m referring to:

Facebook, Instagram, Pinterest, Snapchat, Twitter, Google+, FourSquare, and the latest darling TikTok.  Those are just off the top of my head, there have been over a hundred others that were trying to become a social media giant to attract a big crowd of users that you could then advertise your business to.

But it’s not all it’s cracked up to be.

TikTok is being banned by numerous governments and government agencies over security concerns because of links to the Chinese government.  Twitter is in a state of disarray as Elon Musk continues to make changes.  Facebook had been getting heat from the government for years over their behaviors and algorithms.  Having worked full time in Social, I know how you are at their mercy when they make changes.

If you are using social media as your primary advertising vehicle, it’s time to add another method that has stability and potential customers so you can continue going Up and To The Right in 2023.

I’ve shared a couple of disasters that nearly wiped out some companies that I’ve worked with because they used Social Media as their primary lead source and then the rules changes.

The other method of inviting people to spend money with you is the place that I work.  Which may or may not be a good option for you. Since 2013, I have chosen to work for WOWO Radio in Fort Wayne.  It’s a News Talk radio station that is turning 99 year old this year.

I’ve worked for other stations but nowhere as long as I have WOWO.  There is something special about the attentiveness of a talk radio listener that can be beneficial to the businesses that advertise.  It’s different than a music station. I also have a Sports Talk radio station and music stations available that we can use to invite their listeners to become your customers if you are in the Fort Wayne Indiana area.

I can point to numerous antidotal stories and studies to reassure you that you should consider radio ads, like this one just release last year about furniture buyers.

But beyond the radio station, the key to your success is the person you talk to.  Are they an expert at selling advertising or at helping companies like yours keeping the numbers moving Up and To The Right?

Past, Present, Future

Past, Present, Future

by | Dec 20, 2022 | The Not-So-Secret Writings of ScLoHo

As I write these words today, we have about 10 days left in the month and the year. Many of you are preparing to take some time off for the end of year holidays, while others are hurrying about trying to keep up with the busyness of this time of year.

Anytime is a good time to pause, reflect, and plan, and I hope you take the time to do that regularly.

Since I work in sales, there are some easy metrics to keep an eye on that deal with dollars and if you are in sales, you should keep an eye on those figures too.

However, that’s just the tip of the iceberg.

Take a look at the details too, such as what did you sell?  How was it priced?  What was the gross profit?

Similarly, look at expenses.  Depending on your business, you may be in charge of just one side of this income/outgo equation, but take a look at the whole financial picture, not just your side.

Why do you sell what you sell?  Are you trying to sell somethings that no one wants to buy?  Or is the reason those items aren’t selling because your salespeople aren’t offering them?  Do yourself a favor and take the time to see what happened this year and why.

There’s another side of business that many companies have needed to pay attention to that a decade or two ago wasn’t really on most companies radar and that is culture.  Culture is the people relationship and we’ve learned recently that it’s a combination of reward and working conditions that determine if you will find, attract, recruit and retain the people you need to run your company.

Our company, Federated Media embarked on a quest to understand our culture in the different departments and find ways to improve it. Federated did an anonymous culture survey conducted by our consultancy the first year to see what the base line was so we could improve each year.

When huge changes in the workplace occurred in 2020 as we adjusted for Covid restrictions, we continued to evaluate and adjust and now on the cusp of 2023, we are continuing to make adjustments based on the present and future needs and expectations.

I am now in my 10th year at WOWO radio and Federated Media.  November of 2013, I accepted a position as an advertising sales representative for WOWO starting in December 2013. At the end of 2019 and beginning of 2020, a couple of other changes took place as the General Sales Manager for WOWO radio was promoted to lead the entire Fort Wayne Federated Media operation and I took over as the General Sales Manager for WOWO.

Just about everything I’ve described so far could fall in the category of PAST.

Now it’s time to talk about PRESENT.

September and October 2022, another change took place.  The General Sales Manager of three of our other Fort Wayne Federated Media radio stations joined my sales team.  This lead to my becoming the interim General Sales Manager of WBYR, WFWI & WKJG while continuing as the General Sales Manager for WOWO.

Instead of overseeing and coaching 4, I now have 7.  Plus for the past few months I have been actively recruiting new team members, up to 5 more.  Was I busy?  You don’t know the half of it.

At first, I welcomed the challenge, but after a few weeks I discovered that multi-tasking has its limits.  Federated Media was actively looking for a new General Sales Manager for WBYR and while nothing is finalized as I write this to the best of my knowledge, a plan is in place to bring onboard a Sales Manager for WBYR in early 2023.

With that plan in place, it further defined our Fort Wayne sales operation for 2023 and quite frankly, it’s a relief.  My responsibilities will be more than they were when 2022 began, but less than they are right now.  Instead of running 4 stations like I am today, it will be two or three.

My question for you right now is what resources in people, product and other resources do you have now and are there ways to better utilize them in 2023?   That’s what we are doing.

Which brings me to the Future.

There are all kinds of influences, both internal and external, known and unknown right now that you need to plan for and make appropriate adjustments. If “this” happens, then here’s what we will do.  If “that” happens, here’s our game plan.  Certain elements are under your power while others are not.  Prepare, plan and move forward, the future is coming.

And since I’ve taken you behind the curtain in my life regarding the past and present, here’s a peek into the future, namely 2023…

Federated Media Fort Wayne has 6 radio stations, 4 of them are the major stations in terms of quantity of listeners and revenue, the other two are also great stations with smaller audiences and generate less revenue.  Two of those major stations, WMEE & K-105 have been lead by one of the very best leaders in the country.  Allison was just named a C.S.S. Talent Superstar for 2022 and this is the 2nd time she has received this national recognition which puts her in a unique club called the League of Legends.  Details are here.

There are lessons learned from watching her this year that I am going to integrate into my life in 2023.

First is changes in our people structure. Before I became the General Sales Manager for WOWO, my predecessor was the General Sales Manager for both our Talk Radio Stations and we are going back to that.  I will be the General Sales Manger of both WOWO with our News Talk format, and WKJG with its Sports Talk Format.  My new combined sales team features 5 full-timers with room for up to two more.  However, we’re planning on operating with just 5 unless someone outstanding comes our way that we should add to our team.

(This is one of the lessons I’ve learned from Allison: Wait For The Right Person.)  She had two openings on her two stations for the past two years and she waited and waited until she was impressed enough to bring on two new people to her teams. Allison’s sales teams broke records without those two new people because she grew and developed the 6 she already had.  It takes a lot of time, training and mentoring in the first few years to help a new person in our business develop into a fully contributing member of the sales team.

I have a couple of veterans on my team who have had their best years EVER in 2021 and 2022, so I am going to give them extra help and support to get to the NEXT level in the next two years.   I also have two others on my team who are still at the beginning stages of their WOWO careers and have tremendous potential in 2023, so I am giving them the tools and resources to grow in the year ahead.

And finally I have another veteran on our Sports Talk Station that is in a hybrid position that is getting my attention to take advantage of his unique talents to grow in 2023.

To summarize my future, it’s to grow my current team to help them, help their current and future clients even more and each of them will also be rewarded financially as it happens.

Yes, we are still taking applications and advertising for future openings because we don’t ever want to be left short handed.  People retire, spouses get offered positions out of town, things happen which can create openings.  Contact me, Scott@WOWO.com if you want more information.

While I’m doing this at the end of one year and beginning of a new year, this is a process I do all the time and I encourage you to do the same.

Evaluate the Past.

Take stock of the Present.

Plan for the Future.

January 5th Update:  Just wanted to mention that part of what I wrote in December has been delayed.  For the foreseeable future, I am going to continue to be the interim General Sales Manager for Federated Media’s Fort Wayne Rock Station, 98.9 The Bear.

We are continuing our outreach and evaluation of qualified candidates for this intrical position.  Contact me for details.  

As far as my focus, it will continue to be on our two talk stations with a supporting role for the two music stations I mentioned.