Digital Discrepancies

Digital Discrepancies

by | Nov 20, 2023 | Marketing and Advertising Insights, ScLoHo's Collective Wisdom, ScLoHo's Web World, The Not-So-Secret Writings of ScLoHo, WOWO Fort Wayne Radio Advertising with Scott Howard

I was born in the 1900’s.

I heard that line last month when comedian Nate Bargatze was hosting Saturday Night Live. Of course I didn’t watch it live on Saturday night, I saw it a few days later because we have YouTubeTV as our streaming service and my wife was catching up on some of her favorite shows.

Back in the 1900’s, (I’m talking about the century, not the decade) we saw a change in advertising targeting options mostly with the growth of cable TV that happened in the 1980’s and 1990’s and what that brought us as consumers was hundreds of TV viewing channel options instead of just the local broadcast TV signals.

Baby Boomers like my wife and I, Gen X and even Millennials like my kids are different from the current Gen Z in terms of media and entertainment experiences and choices.  Social Media giant Facebook is on the cusp of being 20 years old, and that was a game changer.  Media was not just one way from them to us.  With Social Media, we all got the opportunity to have a voice online and share our thoughts and media beyond what the traditional media companies were offering.

A dozen years ago, I took a break from radio and worked for a couple of web based companies.  Targeting to the “right people” was the sales pitch for these new digital advertising options which was pretty cool we thought.  I mean if you could only send your ads to the people who are most likely to respond… that was a game changer too.

However, there are a few flaws with that kind of thinking because it ignores Human Behavior.   I’ll dig more into that in the future but the basics are that we don’t just respond to targeted ads when they are presented to us, there has to be a need on our part to spend our money, or something stronger than a targeted ad that has created the desire within us.

There is a real problem with highly targeted ad placement, in that the controls for the systems that spit out those ads are not very reliable. Some of us are overserved ads for things we might want to buy is one flaw.  Another is getting served ads AFTER we made the purchase because the algorithms haven’t been created to address that flaw.

MarketingCharts.com released a report that says:

Only 15% of US advertisers are very confident in their ability to see all creative running across all channels, and even fewer (13%) are very confident in their ability to tie creative performance back to campaign ROI, according to a survey  commissioned by Claravine and conducted by Advertiser Perceptions.

In total, the advertisers surveyed – all of whom spend at least $50 million on digital advertising each year – estimate that the wrong creative is served to the wrong consumer about one-quarter (25%) of the time. That includes a majority (56%) who believe the wrong ad creative is served at least 20% of the time, and about one-sixth (17%) who estimate that it’s served to the wrong consumer at least 40% of the time.

Advertisers believe that their ROI would increase by an average of 29% if they were able to serve ad creative to the right consumer every time.

Now, I’m not at all against digital advertising, I just believe it’s not as complicated as some will have you believe.

Instead of targeting individuals, you need to go back to targeting known audience groups.  You can do this with social media and other digital advertising but it’s what really what advertising was all about back in the 1900’s.

When mass media like radio, print, TV, heck even Cable TV were the choices business had, they used the characteristics of the media channels audience as the determining factor for where to spend their advertising money.

Going back to my knowledge and expertise in tracking digital targeted ads, I know that when you dig deep enough, all the data becomes less and less reliable.

I challenge you to think like a person, a consumer, a person that could be your customer and the habits and characteristics they have, and then create ad campaigns that speak to them with a relevant message on a form of media that they are likely to use.

If you’re in the Fort Wayne Indiana area, I can help you walk thru this process in person.  Contact me, Scott@ScLoHo.net and we can set up a time to help you avoid all of these Digital Dispensaries and actually grow for the future.

 

Building Momentum

Building Momentum

by | Nov 13, 2023 | Marketing and Advertising Insights, Sound ADvice, The Not-So-Secret Writings of ScLoHo, WOWO Fort Wayne Radio Advertising with Scott Howard

Are you the type of person who jumps out of bed in the morning full of energy and ready to take on the world?

Or are you like the rest of us adults who start a little slower, with a morning routine that perhaps includes a cup of coffee to perk up your senses and as you get moving you build up your energy so you’re ready to take on the new day?

This momentum concept also applies to our businesses and marketing.  When we decide to launch a business, there is a tremendous amount of planning and preparation that goes on before the doors open.

The last space shuttle took off in July of 2011 and since then, we’ve had private companies create outer space flight experiences.  But here’s some interesting data I found out about those space shuttle missions…

For many things, the most energy expelled is in the process of just getting going.  For example, when the space shuttle takes off, fifty percent of the fuel stored in those huge tanks is expended just to get it off the launch pad.

The initial effort to get anything to move is always greater than the effort required once motion has begun. Ever tried to push a car? At first, it seems almost impossible, but once it gets rolling its motion requires less effort and becomes quite predictable.

Advertising, in most cases, uses the same energy. Getting your advertising off the ground also takes a great deal of up-front effort, but once it takes hold, the positive results come with relative ease.

There are several reasons it can take longer than we would wish to get your advertising working for you.

One is the length of your product’s cycle. In the automotive market, for example, there is less than 2% of the population in the market for a car on any given month. No amount of advertising energy can make someone who just bought a car buy another.

In the HVAC business, the average person only has a need for service every 4 to 6 years, meaning less than 1% of the population is in the market for an HVAC repair person every month.

Groceries and gas are the only two things we consistently consume on a weekly basis.

Another notable reason that it takes time to get a return on your advertising investment is that people are creatures of habit. Very often they’ll keep buying where they have always bought until their current supplier lets them down.

In many cases, your advertising is simply positioning you to be the first supplier prospects think of when their current supplier does let them down….. and they will let them down!

There are many other reasons why expecting instant gratification from your advertising can be unrealistic. Like a rocket, it takes a lot of energy to get your marketing ball rolling. But, once it’s launched and gaining traction, it continues to work with much less effort.

Marketing guru, Roy Williams, in his Twelve Causes of Advertising Failure, states that failure cause number one is, “The desire for instant gratification”.

If you want to ensure the success of your advertising, click here to see all Twelve Causes of Advertising Failure to help you avoid these huge mistakes.

Now along with radio advertising, I have some additional ways to help you get leads for your business that work hand in hand with radio.  If you’re in the Fort Wayne, Indiana area, reach out to me at Scott@WOWO.com.  As we approach the end of this year, now’s the time to develop a marketing strategy for the new year and that is a free service I provide too.

Some of this article was sent out to subscribers of my free Sound ADvice newsletter.  If you would like a free weekly subscription, just email me at Scott@ScLoHo.net and ask to be included.

Leadership Lessons

Leadership Lessons

by | Nov 6, 2023 | Sound ADvice, The Not-So-Secret Writings of ScLoHo

What does it take to be a leader?

That question was asked of myself and a couple dozen others this summer at a half day retreat our company held in August.

The answers were plentiful and good, as most of us were in a leadership position.  Some of us had a leadership title with people that reported to them, while others were leaders due to the work they did or how they performed.

One topic on the subject of leadership was sent out to subscribers to my Sound ADvice newsletter and it goes like this:

Are you a boss, or are you a manager?

When you approach the definition of the word boss or manager as a noun, they basically mean the same thing. However, when approached as a verb, they have drastically different meanings.

 

As a verb, Webster’s dictionary defines “boss” this way, “to order about in a domineering way”.  A “manager” is defined as, “to handle or direct with a degree of skill”. It even adds in, “to treat with care”.

Poor customer service is often the result of interaction with people working for a boss who is not happy with their situation. Strong, professional, and polite customer service comes from employees working for and with someone who is a manager.

The most successful managers today hire people who have a passion to do their jobs to the best of their ability…these people don’t need a boss. These people need a manager who will give them access to the tools, training, people, resources, and environment that allows them to perform to the best of their ability.

So, if you’re a manager, here’s an idea. Instead of giving your people a “to-do” list, try asking them to give you a “to-do” list. What do they need you to do to help them be more productive or deliver better customer service?

In our Twelve Ways to Create Happy Employees, number seven is “360-degree feedback”…asking your employees how YOU are doing.

 

Zig Ziglar said, “You can get whatever you want as long as you are willing to help others get what they want.”  It’s also been said that “You can be as successful as you want if you are willing to let others take the credit.” 

If you look honestly into a mirror and ask yourself, “Am I a boss or a manager?“, what would you answer?

If you’re a boss, are you ready to quit being the boss and become the facilitator or manager of your team’s success? A culture where the “boss” works for the staff and the staff works for the customer can create a successful company without anyone working for the company!

Happy employees will deliver happy customers.

If you would like to see the Twelve Ways to Create Happy Employees, click here now and start making happier employees, more satisfied customers, and more money!

For close to 10 years, I have worked for Federated Media and most of those years I got to work as a member of the advertising sales team for radio station WOWO. Then for close to 4 years, I got to lead the WOWO sales team and then took on the General Sales Manager position for 3 more stations.

Now again I am back to my first love of marketing consulting and advertising sales.  During those management years, I learned how challenging it is to be a boss, a manager, a leader with the title and consistently do a good job for your team and your bosses.

For those of you who are in that role and doing everything you should be doing I salute you.  If you need any help, or guidance, I have some recommended books and podcasts, just reach out to Scott@ScLoHo.net

If you would like to receive my Sound ADvice weekly newsletter, send me an email to Scott@ScLoHo.net.

It’s Not Just The Facts Ma’am

It’s Not Just The Facts Ma’am

by | Oct 30, 2023 | Marketing and Advertising Insights, Sound ADvice

First a few facts…

We’ve gone thru a challenging number of years in the political world as divisions between Republicans and Democrats have become more prominent, at least at the national level in our country.

Those on the left accuse those on the right of not telling the truth and those on the political right accuse those on the left of not telling the truth.

Both sides accuse the news organizations they don’t like as Fake News.

As someone who knows how media works and who observes all of this on radio, TV and online, I can not only see the biases, but I also understand the why’s behind them.

But I’m not going to go all political on you right now, I’m just going to use that as an example of Facts versus Emotion.

We may think we operate and make decisions based on logical facts but most of us are actually ruled by emotion and then we find the facts to support what we believe.

There’s another part of this that relates to how customers decide what to buy that subscribers to my Sound ADvice newsletter read about recently and I’ll share it right now.

Some consumers make purchase decisions based on relationships and some make them purely on price. They are referred to as either relational or transactional customers.

If your business sells on price alone, this information may not pertain as much to you. If you would like to sell more on relationships, pay close attention and heed this information.

Chris Lytle, author of The Accidental Salesperson, says “If you become known for what you know instead of what you sell, buyers will come to you for help and advice instead of the lowest price.” The good news is that they will pay you more for your knowledge than they will for just the product!

Chris goes on to explain “To become known for what you know, you have to actively market your knowledge instead of your product.”

A group of hugely successful auto parts stores created a strong market position in the DIY category by promoting and exploiting the knowledge of their employees. They had employees who loved Ford and others who knew Chevy, Chrysler, or Dodge inside and out. Even some who were more specifically knowledgeable about the older “muscle cars”. This knowledge took the focus off the price and put it squarely on the fact that they had people with the knowledge, and they had the parts!

As they say, knowledge is power, and the more knowledge you are perceived to have, the more people will look at you and your company as the “experts”.

In the 10 Ways to Market Your Knowledge, the author suggests, “Have an FAQ (Frequently Asked Questions) page on your website. Monitor the questions your customers are asking and publish your answers clearly in layman’s terms. Allow your prospects and customers to ask questions online, and always be prompt in posting your answers. Most importantly, take credit for your answers and make sure the public recognizes that the answers came from you.” 

Click here if you would like to see the 10 Ways to Market Your Knowledge. 
If you would like to receive my Sound ADvice weekly newsletter, send me an email to Scott@ScLoHo.net.
A few more thoughts on Relational versus Transactional customers:
Transactional will usually only be loyal to you as long as you are the lowest price.  That’s a losing game because there is always someone else that can underprice you, even if they do it as a loss just to gain that customer.  It’s called a loss-leader.
Relationship based customers are going to be less sensitive to increases in price.  Just the other day when I was stopping to pick up my breakfast, I heard them tell a customer that the prices had gone up 20% and they said that’s fine and paid the new price.  Relationship based customers are also more forgiving when there is a problem and you explain to them the situation.
I urge all of my business owner friends to pursue the Relationship based customers, they’re the ones that will keep you growing in business.
One more fact to share with you and that is starting today, I am returning to a weekly schedule for publishing and podcasting due to changes in my schedule and the requests from readers and listeners.
Duty Calls

Duty Calls

by | Sep 25, 2023 | Really? The Personal ScLoHo, ScLoHo's Media, The Not-So-Secret Writings of ScLoHo, WOWO Fort Wayne Radio Advertising with Scott Howard

When you are good at something and recognized as being good at it, but you’ve stepped away from it and now the challenge to return to it comes up, what’s your response?

That’s the position I found myself in earlier this month and it’s a position that I’ve been in before.

For nearly 10 years, I’ve worked for Federated Media in Fort Wayne, Indiana.  I began as the 5th person on a 5 person sales team for radio station WOWO.

That was going to be my final job, however at the tail end of 2019, our company underwent some changes in upper management and my boss, Ben Saurer who had served as the General Sales Manager for WOWO radio was promoted to Vice President/General Manager of all of the Fort Wayne Federated Media radio stations.  This created a very important opening, actually a couple of openings that needed to be filled as Ben had been the General Sales Manager for both of our talk radio stations; News Talk WOWO & Sports Talk WKJG AND he was filling in as the General Sales Manager for WBYR, our rock station.

Even though I didn’t have ambitions to return to a management role, after careful consideration, prayer and encouragement from my sales teammates, I applied.  After a nationwide search was conducted, Ben offered me the position which I accepted to lead WOWO.

WOWO has been the “big dog”.  We brought in more revenue than any of the dozen stations in our company and we knew that we were also the leader of all the 25 or so local radio stations.

Honestly, as I was interviewing with Ben for his old job, I told him it was going to be a tough decision for him to make.

See in 2019, I lead not just the WOWO Sales Team of 5, but I was selected as the Account Manager of the year for the entire company.  1 out of 40 or so sales people.  Not bad for starting out at zero when 2014 began.

The decision Ben had to make was to take his top salesperson out of sales and put me in management, or keep me where I was.

The skill sets are similar but the application is very different between sales person and sales manager.  If you are considering a sales management role, or are in that position right now, I recommend you buy a copy of my friend Mike Weinberg’s new book The First Time Manager: Sales.  I was on his launch team and got a preview copy and it’s excellent. I bought a copy too which I am giving to Ben.

So Ben makes the tough decision and I took over as the General Sales Manager 1 month before the pandemic shut down our country in early 2020.  We are working remotely for 3 months and scrambling to figure out what adjustments to make because it wasn’t what they originally promised… a two week shut-down to flatten the curve.

Low and behold, when 2020 was over, WOWO and our other stations survived, better than had been expected. As I continued my position as the General Sales Manager of WOWO in 2021 and 2022 we faced what a lot of companies faced.  Shortages, but ours was the people kind.

About a year ago, one of our other sales managers moved to a sales person position because their talents were better than any of the candidates we’d been interviewing.

That manager was overseeing three stations and about a month after they joined my WOWO Sales Team, I took over as the interim General Sales Manager for those stations too in addition to WOWO.

This summer I went on a hiring spree to add two more salespeople to the stations I was temporarily overseeing.  Last month and this month those two salespeople began and will be selling for our rock station.

In the meantime, we also hired a new General Sales Manager for those stations I was overseeing for the past year and he begins in October.  He’ll do fine, he spent most of his 25+ years working in management and with Federated Media.

Another change, and this is the reason for the title of this today, Duty Calls, I am switching gears and returning as a Senior Sales Person for WOWO.  Try as we might, we have been challenged with having a full team of sales people on WOWO the past 18 months and it’s time for me to step in and fill that role again.  As far as I know, Ben is going to be doing both jobs of V-P/General Manager for Federated Media Fort Wayne; AND overseeing the WOWO sales team.

As Duty Calls me to help in a sales role again, I look forward to helping more businesses invite our listeners to become their customers and you’re likely to see me out of the office a lot more than I’ve been since 2020 and I look forward to it.

No longer will I refer you to someone else on the WOWO sales team, I’ll get to work with you personally just like before.