Operative Blog

FFL and Digital Media

Anyone know what time of year it is?  That’s right, it’s fantasy football draft season.  If you’ve played before, you know that draft season is the most stressful time of year.  This is when you have to sit down, look at all the players that are available and decide which ones will help you win a fantasy football championship.  There are many strategies that you can deploy, and the most conventional is to draft running backs- fast, furious and early on.  Why?  They are the steady players that give you consistent point production.  But, fantasy football has changed.  Some NFL teams now use multiple running backs (AKA running back by committee).  Other teams have moved away from running the ball all together and have opted for the exciting air attack.  This opened up opportunities for fantasy owners to structure their teams around additional point contributors like a Quarter Back like Drew Brees or a Wide Receiver like Larry Fitzgerald.  Decisions, decisions. 

How does fantasy football relate back to digital media? 

Well, it’s also technology budgeting season.  Today’s publishers and specialty ad networks feel the stress of making technology decisions for 2011.  They have to sit down, review all the projects they are going to push for and make a stake in the ground that “these are the initiatives that will put us in the best position to win”.  

Many of these projects will fall into 2 categories.  The first category is revenue.  Plain and simple, if that project is successful, it will directly help you make money.  There should be no ambiguity.  Some example projects include:

• Developing custom creative programs to help you attract new brands
• Building a mobile, video or  social media ad server that promotes engagement metrics or gives you a competitive advantage in the market place
• Introducing rich media tools

The second category is around helping companies drive efficiency inside and outside their organization.  Below are some examples of efficiency-focused initiatives:

• Syncing your publisher/partner/network management systems
• Evaluating and deploying reconciliation, reporting and billing tools
• Integrating with proposal , IO and media planning applications

In order to be successful in 2011, media companies need to do both.  You MUST do both.  If you don’t innovate, you won’t attract the big ad dollars.  If you only innovate and forget about the back-end efficiency, you’ll lose all the customers you won or have a ceiling on the amount of customers you can take-on due to inefficiency.  Quite the predicament. 

For most media companies, there are the few factors contributing to this problem:

1. You’ve got 1 engineering team and they are drinking through a fire hose.  I don’t care who you are…if you’re a digital media owner in some capacity, your engineering team has too much on their plate and not enough time.  Furthermore, with all the new technology in the market place, it’s just getting worse and worse.
2. Most publishers, even today, still run their business on excel.  There’s not one platform in place that you can use as a springboard for innovation.  Not one place to connect all these new things that you’re buying or creating.  This is also the reason your operations teams are so busy.  They have to log into 10 different systems to get their jobs done. No wonder there is so much demand for projects that create efficiency.
3. A large percentage of the technology and business leadership within media organizations still promotes a “let’s build it all” type of mentality.  For example, the industry hasn’t matured enough where the role of the CIO is relevant – there’s no one to advise the CEO on best practices on how to get information, drive revenue and scale (all at the same time).

If this sounds familiar and your ability to be successful depends on your engineering team executing, consider some of these ideas:

1. Make a list of all the projects you have on your plate for 2011.  From there, put a “$” next to each one that your sure will help you drive revenue next year.  Then, put an “E” next to the ones that will help your bottom line (efficiency gains, speed to market, etc.).  Getting clarity on what these projects actually “mean” for the business is the first step.  
2. From there, make the decision to partner with a company that can offer an enterprise platform to help you run your day to day business and gain those efficiencies (inventory management, proposals, packaging, trafficking, reporting, financial reconciliation, etc.).  Make sure your partner has an API and SDK to help you innovate.  You’ll find there are companies that can not only help you get deal with a lot of your “E”s, but also enable you to innovate the “$”s.
3. It’s important to ensure that the company’s technology culture has a strategic focus on revenue and strategic value creation.  I ran into one publisher recently who calls his engineering team “Team Money”.  That’s because their engineering leadership has a mentality of selecting projects that will help the company drive new revenue by establishing partnerships with companies that help them achieve greater efficiency.   This is a cultural change and isn’t always easy.  Engage your CEO in this concept – make it a big deal towards hitting the 2011 revenue number.

By focusing your engineering teams on things that are exciting (like drafting quarterbacks and wide receivers) and partnering with a company that can help you innovate and scale (your work horse running back), you’ll be in a better position to be successful in 2011…successful in beating your competition, meeting the new demands of brand advertisers, raising employee satisfaction in your engineering department and keeping both the top and bottom line on the up and up.

According to the Bain Study “Building Brands Online”, in the next 3 years, brand marketers will spend close to 40% of their budget on cross-platform campaigns (up from roughly 25%).  That’s about $52,000,000,000 being spent on cross platform campaigns in the near future.  Unless you start making changes in your organization to satisfy this new rise in demand, you won’t get a dime of it.

Let’s explore why.

What do these new demands look like for marketers?                            

A marketer looking for ‘cross-platform’ means they want to use multiple advertising platforms or vehicles to convey an advertising message.  For example, a brand like Nike may want to reach women at home, on the move, during recreation and at work.  To do that, Nike needs a number of options to distribute the advertising message: display media, online video, mobile, social media, TV, outdoor, newspaper and magazines.  And, the list continues to get longer.  For example, in the last 2 months, hundreds of publishers scrambled to build their iPad app, knowing that a decent percent of their audience will flee to the digital magazine version of their product. 

Marketers are starting to require multiple touch points in their campaigns, increasingly digital.  The people who spend the money are aware that digital is an accountable, efficient way to build brand equity and are putting pressure on their marketing departments to become more cross-platform as a result.  They are looking to get a single message to a consumer across different digital and non-digital advertising channels.  In fact, according to the Marketing and Media Ecosystem 2010 Booz & Company analysis, 89% of all marketers are developing ideas that cross media platforms, including digital.        

What can media owners and publishers do to keep up with these demands?

Let’s take a break from the macro-level talk and get into the day to day reality of the situation.  The media buyer that you met at a cocktail party nine months ago calls you up. 

“Hey – long time, how are you?… Great, great…Listen, we are doing this thing for my client and they are trying to reach men between the ages of 18-49 that are interested in buying a car.  And um…they are really trying to do this across multiple outlets…something that covers all the standard online ad units, but something that’s custom too.  So, if you could put together something that’s standard, custom, across video, mobile, online, social, that’s targeted to male car buyers between the age of 18 and 49 that live in the north east, that’d be great.  Oh, wait, I need it by this Friday OK?  Thanks, you’re the best.”

Only 1 type of publisher will get this order- the one who CAN execute.  If you can’t scale, you’ll spend all of your time reacting to these requests and looking for data.  This leaves very little time to sell, brainstorm and get creative. 

Translation – you likely won’t get this deal. 

So, what’s holding publishers back from executing cross-platform campaigns?

1.    Technology and data fragmentation is still a huge problem.  A typical publisher uses 30+ systems to run their business.  The data is fragmented, yet absolutely necessary to access to stay competitive in this new market place.  There’s one ad server for video, one for mobile, and one for display.  If you want to include a TV component or a print component, there’s a whole different set of systems to access to see if the inventory even available, and at what price.  If you plan to offer ad space on an iPad app, well you have that to deal with now too. 

2.    Business resources necessary to complete the RFP or contract oftentimes don’t even sit on the same floor- let alone same office. You may have other sales teams within your company that you may need to consult with to get them on board with your client’s ideas.  They are usually removed from your digital business goals, have not been vested in the process of selling to this client, and have their own agendas in mind. 

3.     Ad operations teams are typecast and segmented by the media they implement.  For many publishers, one team traffics standard and display rich media.  Another team traffics mobile or uses an outsourced mobile ad network.  TV and print production teams don’t even sit in the same office as you.  These are not ideal conditions for selling a cross-platform deal.

What can publishers do about it?

1.    Take a leadership role by getting all of your data in one place for Sales.  Plan for the future.  According to the Ecosystem study mentioned above, 67% of media owners said they need to upgrade their supply chain capabilities in 2010.  Part of this investment translates into having one screen to access your inventory, products and rate cards available for video, mobile, display, social and even TV, radio and newspaper.  This needs to happen, regardless of the number of ad servers or execution systems you may use.  Integrate it all into one central place so at the time of proposal, Sales has all the information they need when they get the call from that media buyer. 

2.    Centralize ad operations teams and production resources.  Fragmented ad operations teams are unable to help sales drive revenue that comes from cross-platform.  While it would be difficult (today) to have the same ad ops team that implements TV also traffic digital, there are steps you can take to move in the right direction.  Get everyone communicating with each other through one platform.  The carrot is integrating their specific ad system into the platform that everyone uses.  This will make them want to be on that platform.  By merging several departments onto one system, new proposals, orders, demands and alerts from a cross-media sales teams would be visible to everyone. 

How do these steps help publishers deliver cross-media campaigns?

By implementing these steps, Sales will be able react quickly to client demands.  They will also have more data to educate buyers and move upstream in the buying process, getting closer to the people holding the budget.  Executives can get a larger share of wallet from existing and new customers.  Ad operations and production resources can become a strategic partner to ad sales teams and help provide a competitive advantage over other publishers competing for the same dollars.

Of course, this is not easily done.  Someone with influence in your company needs to step in and be the VP of Change.  Someone who has power.  Someone that cares about revenue.  That cares about your brand.  Someone that is forward thinking enough to adapt before it’s too late.  If you can get the right people behind you, integration of data becomes easier, centralization of operations starts to fall into place and the company will start to rally towards a common cause- $52,000,000,000.

For more information, please click here.

That seems to be the latest measurement buzz word.  Now…let me ask in a different way. 

Can your Ad Sales and Ad Ops teams scale to achieve the NEW technical demands of media buyers?

In 2010, digital publishers in the US and Europe that are not a top 20 site in their market, will leave more than $500,000,000 of ad revenue on the table.  In fact, if you divide that number into the top 300 publishers on the internet, that’s $1,600,000 per publisher.  Most of that money will go to the big publishers who can get the job done…the ones that can easily execute complicated marketing programs because they have the staff, systems and processes to support them.

In the last 6 months, custom integrations and specialized marketing programs have been in high demand. This has not only become a trendy ad buy in the US, but even more so in the UK because of the market’s ability to be more progressive than most on the creative side.  The end goal is the same- create ‘engagement’ with the consumer. 

For those who don’t know what a custom integration is, don’t worry, you’re not alone.  In fact, these were less than 1% of all digital ad spend only 1 year ago.  Custom integration are media buys that typically come from an agency who is looking for the “big idea” or from a brand/marketer who wants to really create engagement with the consumer.  Things like micro sites, custom video and social media widgets are all non-traditional ways to create engagement with the consumer…a way to be PART of the conversation, not an interrupter.  The first successful custom integration I can remember was a few years ago when you were able to “Friend the King” as a MySpace user to earn points. 

So, OK…big deal right?  How does that lose me $1,600,000 this year?  Well, if you want to offer custom programs, you need to have a certain type of infrastructure to be able to support them.  Most publishers do not have scalable teams or borrowed resources to help execute these types of buys.  In the first 6 months of 2009, almost $1.4B was spent on rich media, digital video, and sponsorship display-related advertising, and according to eMarketer, well over $1B is expected to be spent on social marketing this year. $500MM across digital sounds very reasonable. 

So, what does this mean for the digital publisher?

Challenges for Ad Sales Teams

Sales people are not experienced enough to sell these types of deals.  These buys usually come with a big ticket price and involve multiple decision-makers to sign off.  It also takes an enterprise level seller and a bit of solutioning to pull it off.

Most digital sellers (not all) who started in digital media typically start out as Sales Planners or Sales Assistant roles. This basically means completing RFPs and taking orders from agencies as a full time job.  You can develop poor habits this way.  This is much different than starting your sales career selling traditional media or other “feet on the street” Sales jobs that require you to hunt for your dinner to make a dime. 

Challenges for Ad Ops and Technology Teams

This part of your Operations isn’t the easiest thing to scale.  It’s hard to predict customer programs and big effort integrations because of the nature of the sale.  These deals can be asked for in a week’s notice (sometimes days) and this puts a lot of pressure on the Ad Ops team.  Custom integration deals can also take months to close due to complexity, so it’s hard to staff for something that “may” be coming soon.

If you don’t have a dedicated team for creative development, you are likely borrowing from other resources.  If that’s the case, there’s no way you can keep up with the demands in the market for these types of buys.  Furthermore, these borrowed resources don’t feel part of the sale.  They are oftentimes being dictated to by Sales people- a sure recipe for disaster.

Keep in mind, this isn’t your typical trafficking request either. Creating these types of ads requires multiple custom developers, project and vendor managers to get the ads live.  These buys take valuable resource time away from other high priority work that needs to get done, putting other campaigns and revenue at risk.

What can you do about all this???  Glad you asked. 

Over the last 3 week, I pooled together some ideas that came from other Sales/Ad Ops Executives in the US and UK. 

If you’re a CRO/EVP/VP of Sales, start looking for enterprise level talent.  You can’t win a complex deal with the same resources as you did a year ago.  This is the type and caliber of sales person that can get to the advertiser or brand, convincing the agency to make a direct introduction.

Move the custom development and key technical resources to the sales department.  It’s just like having Sales Engineers for Sales people at an enterprise software company.  They are involved in the sale from the beginning.  This will result in fewer issues when it comes time to getting the ad up since it was properly scoped from the get go.

Ad Ops needs to create a check and balance system to approve the ads before they are sold and QA them before they go live.  The role of campaign management would then be owned by Ad Ops. 

Free up those key trafficking resources that are very technical, either by automating parts of the process or partnering with another company to provide you ad ops services in your local time zone.

Get your sales forecasting process tight.  If you use Salesforce.com, get your ‘opportunities’ for these types of deals in sync with your booking system.  This will give Ad Ops longer lead times since the opportunity will start in Salesforce.com, and not when the order is about to come in.  It will also give sales a more accurate forecast report since your booking system automatically updates your pipeline in Salesforce.

Want to ask me a question?  Post a comment or email me at lbrown@operative.com

It seems like the digital ad market & ad revenues are starting to pick back up.  If you’ve read my previous blog on the 212 Boat Cruise or are in the interactive ad industry, you know things have been on an uptick over the last month or 2.

Typically July and August are slow, but from Operative’s vantage point, it’s been the opposite because agencies are racing to spend ad dollars for the 4th quarter media buys, ensuring their own revenues for 2009 are maximized. 

This made me think of how important the role of Ad Ops will be in the 4th quarter of this year.  After Labor Day, both publishers and agencies will be selling and buying media as if it was thier last opportunity to do so.  As most companies have cut resources earlier in the year, their resources are not in line with these types of volumes and most companies will be significantly understaffed in ad operations.

Not only that, in some cases junior and less experienced resources will be used to execute complicated media types, which is almost worse than having no one to traffic ads at all because that leads to errors…you don’t want to make errors at a time when your customers are figuring out who to spend with in 2010 because there are unlimited options.

This made me think of an article I read back in April about the influx of complex media types, which I think is more relevant than ever before.  It was called Don’t be Left High and Dry, written by Erica Crossen from Brightcove, who spoke of the importance of having your ad ops resouces in on product and ad revenue strategy as early in the process as possible to ensure client satisfaction at the point of transaction.  Cool article, thanks Erica.

As you take off for Labor Day and drive out to the Cape or your house in the Hamptons, you may want to ask yourself a couple of questions, keeping your Q4 ad revenues in mind. 

1. Do you have the right amount of resources in place to handle your Q4 ad trafficking volumes? 

2. Furthermore, do you have resources that have the right technical experience in more complex media types? 

If you answered no to either question, you may want to get ahead of the curve sooner than later.

Have a good weekend.

Lorne

—-Thanks for all the comments everyone’s been giving.  Makes for a more interesting post.  If you have something to say, say it.

I was sitting in my living room last night, eating some very yummy cheese, apple and crackers when I got a text message.  It was from Greg Carr, one my Account Executives saying, “The annual 212 boat cruise was sold out…they turned away half the paid guests”.

This made me think…wait a second, I thought we were in a recession…how did a boat cruise get sold out by double.  Not only was it sold out, but there we actual quality folks that attended.  When I say quality, I mean it the way an ad sales person would mean it…lots of media buyers from interactive ad agencies.

This brings me to only 1 theory – the recession can bring some good with the bad.  Sure, digital ad dollars have flattened out and sure companies are going out of business…and yes, CPMs have plummeted.  But when I see the 212 boat cruise sold out with quality people, this tells a story of new born collaboration in digital media.

Reason 1: With so much uncertainty in the market place, it’s human nature to find out one thing: what is going on?  What are people saying?   What are they seeing?  When will they see it?  How do I protect myself?  Folks who typically sat in their ivory tower and had their underlings do their dirty work are feeling pressure to go back to their roots, get out and ask questions.  Because of  this, people that you may not have had access to before, are now accessible.  Major brand managers and marketers, Media Directors at top Ad Agencies…all accessible and approachable.

Reason 2: Everyone is being forced to do more with less.  If you are an ad agency and have less employees, that’s less people to come up with the big idea.  This has led and will lead to more brainstorming between publishers and agencies.  Agencies can no longer afford to do things the way they used to…think tanks are smaller and ideas can no longer be created in a vacuum.

Reason 3: Lastly, relationships are now more important than ever.  Ad Agencies are under pressure to perform.  They want to meet the people they are buying media from, they want to know them personally and can now afford to, because every morsel of business is so important to them.  People are getting closer to their competition, more so than ever before.

Now, maybe it was just a nice summer eve on Thursday evening in NYC and the sound of a few drinks on the Hudson sounded divine…but I think there’s much more to it than that.

As an industry, we’ve been running so fast and trying to automate so much, you start to lose sight of what got us here.  Collaborating with each other.  This theme, in my opinion, will continue for a while since it’s the very behavior that got us here in the first place…getting out and meeting people in order to be successful.

-Lorne

Thanks to RJ Lewis’s post on Friday of last week, I found an awesome video.

Last week at the WPP/24/7 Real Media Summit in NYC, they kicked off the conference with a 9 minute video parodying the death of traditional media.  Sir Martin Sorrell clearly focusing the company on digital media suggesting that they currently spend 12% on digital media but that will increase dramatically.

This video is worth a watch, especially if you buy or sell digital media.  Thanks RJ!

Lorne

From:  E-HeathCareSolutions

…they could all force publishers to change the way they sell and operate in the near future.

Have you ever had one of those digital media moments where you thought, “cmon, really?!”  Well, on Monday morning I attended Digiday at the W Hotel in NYC and for a moment, thought exactly that… for a minute.  I think it was brought up numerous times that it’s no longer appropriate to call your inventory sold and unsold, but more like ‘reserved and non-reserved’ as Darren Herman put it.  I thought to myself, hmmm, ok, let’s go with that…it sounds better than remnant for sure…but then later that day, it was then proclaimed ‘premium and sub-premium’…I guess because ‘non-premium’ sounds too much like a fake Louis Vuitton handbag sold on 5th Avenue next to the hot dog vendor – you might buy one, but you’ll feel a little icky after.

Believe it or not, all this renaming and debating over what to call unused inventory went on all morning.  All of a sudden, these silly proclamations started to make me think.  If people are spending all this effort debating over what a specific category is called, there must be a disturbance in the force; the growth of this ‘sub-premium’ inventory is growing exponentially.  Jason Kelly from Time, Inc agrees that with “…the growth of  Twitter and other social media, non-premium inventory is growing at a rapid pace, which also means finding premium inventory is getting harder.”  He also added that “non premium display has great opportunity for growth.” 

So as sub-premium inventory grows at such a rapid pace, the dynamic of how advertisers interact with consumers is changes along with it. 

French children are told a story in which they imagine having a pond with water lily leaves floating on the surface.  The lily population doubles in size every day and, if left unchecked, will smother the pond in 30 days, killing all the other living things in the water.  Could the growth of sub-premium inventory threaten publishers ability to compete in the future?  The answer is yes - if you don’t take action.  Here are some thoughts on how agencies are looking to innovate and some action items publishers can take to keep competitive in this newly evolving landscape.

1. Agencies are Buying Audience:  You may say, “duh” to that, but with all the impressions available on the Internet,  coupled with new technologies, there are more and more ways for agencies to buy audiences.  Darren Herman, who runs digital media at the Media Kitchen and is also President of Varick Media Management, talked about their own data initiatives and is working with 27 different data providers to mine data for audience segments. 

2. I also traded some emails with Steve Katelman from OMD and when I asked him what the next big initiatives were for agencies, he said “It’s all about audiences and the evolution of real time bidding.”  These activities signal that agencies are pushing the envelope and taking media buying to the next level since brands are getting smarter about which agencies they work with. 

3. To make things even more interesting, GroupM decided to go against the IAB initiatives for Ts and Cs by claiming ownership of data it collects.  According to GroupM’s COO, John Montgomery, this is a way to “…protect the confidentiality of our clients’ campaign data and information.”  One does wonder if this becomes a trend, how it could create a dynamic  of publishers competing against their own customers OR new price pressures down the road.

So now what?

As a publisher, you need to start to understand your audience.  Quantcast is  great way to take a first step at understanding the segments you can offer – but that won’t be enough.  Taking action on that data and integrating it into your product catalog so it’s easily findable by your ad sales team, will ensure you are ready to sell the way agencies want to buy. Now, that’scompetitive advantage.  This was echoed at Digiday by Janet Balis, President of Digital Media Strategies, who spoke on the importance of, at the very least, keeping an up to date “product catalog and sound inventory management strategy” as the industry looks towards more advanced ways to reach consumers.

Industry vet and pal of mine, Nick Johnson from NBCU mentioned that “mining data and looking for specific audience segments is a big focus for us…we are in the business of unlocking data to create value for our clients and their clients.”  In order to do this, Nick added, “You need to operate more efficiently and look for places in your business that don’t scale and fix them.”  If you want to elevate your game, you need to fix the basic data fragmentation issues in order to solve for the future.

Even if you can get your house in order for this audience revolution, there is still a miss-match in terms of how you set up your resources.  Currently, “50% of ad ops time is focused on 15% of the revenue,” says Josh Wetzelfrom Pubmatic.  Basically, this means that in addition to getting your data in order, you may have to find ways to free up your ad ops resources to stay focused on big ticket integrations and less on the more repeatable, low CPM, ‘sub-premium’ tasks.

I look forward to your comments.

Lorne

Marti Funk (Sportgenic), me, and Steve Patrizi (LinkedIn)

After going attending iMedia in Austin last week and spending lots of time with VPs of Ad Sales & Media Directors, one thing is still clear.  It’s really hard to get in front of an agency to influence an RFP.  It requires effort, research and diligence…and since all those things sound like “work”, too many media sellers take the easy way out; just trying to get on the RFP.  By just trying to get included in the circulation of a document that’s already been co-authored by your competition, you are setting yourself up for certain failure.  Failure may be too strong; you may get a small spend, but most times, you’ll never hear back from them or if you do, you may hear something like, “you weren’t the right fit” or “we went in another direction”…sounds like a interview rejection. 

Now, in defense of media teams everywhere, there are some real obstacles to influencing the agency.  Last Monday morning down in Austin, I attended John Durham’s (Catalyst SF) panel titled, “Trading Places”.  This is where 4 heads of media sales got on stage with 4 heads of media buying to air their issues.  The publishers brought up great points around why its so hard to get in front of and deal with an agency:

1) David Blumenfeld mentioned how “agencies are always looking for that outside the box idea, but make sure it’s inside the spreadsheet.” 

2) My favorite one was the cream cheese incident by Carter Brokaw from Meebo…where you get a meeting with a power person at an agency to join your pitch and the only person there is a junior media buyer asking “where’s the veggie cream cheese?”  They also came to the meeting without a pen or notebook. 

3) And of course, the classic, “We need you guys to really surprise us on this one, get creative and we need a response from you by EOD tomorrow.”

So now what…it’s hard to get a meeting with a decision maker, it’s hard to get the lion share of the budget, it’s hard to influence the RFP and when you do win the biz, it’s hard to keep them coming back.  Here are some thoughts to help you navigate through these erratic waters:

1) Getting a Meeting with a Decision Maker:  people with the “power of the pen” are often getting lots of emails and calls.  Hundreds per day.  Sorting through the clutter is time consuming and usually emails are just skimmed for pockets of interesting ideas.  If you are sending an email or leaving a voice mail, make sure you are giving someone a good reason to call you back.  Find out why their previous campaigns failed, if they post a personal blog and what challenges their clients have had in the past taking products to market. 

That said, you can do all the right things and still not get the meeting, so then what?  Educate your media buyer to sell for you.  I had lunch with Darren Herman from The Media Kitchen yesterday.  “Don’t ignore the media buyer”, he said.  Most of the ideas he takes on are ones that are pitched to him from his media team.  If you don’t think your media buyer can share 3 compelling reasons with their boss on why you should be included, get back in there (and keep it simple, don’t overwhelm them with slideware).

2) Getting ahead of & Influencing the RFP:  I sat in Scot McLernon’s Upstream breakfast last week, also in Austin and this was a big topic.  Lizzie Widhelm, VP of West Coast Sales for Pandora Media sat on the panel and had some interesting ideas.  “Find the opportunities where there are not opportunities already.”  Like, if you wanted to sell to Coke, Pepsi or Gatorade, go to a food an beverage show since that’s where people are trying to figure things out.  “You won’t find many digital media folks there at all.”  Get your idea out early and plant that seed ahead of time at the right levels…by the time an RFP is under way with an Agency, that seed will be planted in cluttered soil and the chances for growth are slim.  

3) Keeping them Coming Back:  Back at an iMedia a couple of years ago, Randy Wooton from Microsoft Advertising Solutions said a “5% increase in customer loyalty can equal a 25-85% increase in overall profit.”  Ad serving language is often times foreign to a sales rep.  Make it easy for your sellers to report back to your client in business friendly terms & have all your data in one place.  This way, when you call on them to become part of the next big idea, you know what happened in the past, where things went wrong and what they could do better.  If you can’t influence the RFP, at least when you get it, having the information at your finger tips around what they paid, if it delivered on time and what you optimized for them during the campaign, can go a long way.

Although some of this may seem like actual “work”, keep in mind pain ripples within AND ouside your organization.   If you are frustrated, chances are, your customer is frustrated too.  Being prepared for meetings and helping to educate them on a consistant basis will often benefit you both.