I would wager most media buyers and sellers would agree that the ad buying process has become more diffucult in the past five years with the proliferation of media choices, the increase in ad technology, the decrease in media buyer training programs, the integration of social and mobile media buying, and the simple lack of time needed to get all the necessary work done in a single day.
Here are five tips for media sellers:
1.Do Your Homework Before Calling on a Media Buyer: As a buyer, we work closely with our brand clients to understand their business goals, their objectives in executing an ad campaign, their customer insights, and the competitive playing field. If a media sales professional hasn’t done any homework on the client, the competitive landscape or the challenges we face, then how can they possible help “solve the problem”?
2. Spend as much time listening as you do selling. Even if you’ve done your homework, it’s likely you will learn something valuable at a meeting with the buyer or even on a phone call. If you spend the entire time explaining your technology or media, you’ve missed the opportunity to understand how to offer up the solution. Solve, don’t just sell.
3. Try to determine who the decision makers are on a media buy: on the client side, the agency side, etc. I realize this can sometimes be difficult and with limited sales force, there is an instinct to go to just one person who is “making the buy”. In reality, media plans go up the chain in an agency and then up the chain at a client and many people weigh in on its merits, its efficiencies, its content, its value. If you are only calling on a media buyer, you may or may not be at risk up the chain. If you have not worked hard to understand the relationship dynamics throughout an organization, you will be at risk of losing a buy. This is especially true for large budget scenarios. On the other hand, if you are only calling on the CMO and not the media buyer, you will almost certainly risk inclusion in the plan. This is not a power struggle but a realization that the client has hired the media team to do the analysis and crafting of the plan.
4. Ask questions of the RFP and try to understand the top selection criteria for the media buy. We are always pushing our clients and our buyers to clearly state the selection criteria so everyone understands how the media proposals will be evaluated. With so many factors determining a “good” RFP, it’s critical to determine what variables are weighted the highest. CPMs and efficiencies are always a critical factor but as noise increases with media and engagement becomes more valuable, efficiencies alone are not the single highest value. Push the media planner/buyer to help you understand how your RFP will be evaluated.
5. Make it easy for mediaplanners/buyers to find you and your sales team. I cannot tell you how many times the past 5 years we tried to find a key sales rep at a digital company with extreme frustration. Find a way to make it easier to get your phone number and contact information.
The marketplace demands are more robust than ever, for both media buyers and sellers. The pure number of available media impressions for purchase has increased at an alarming rate. The good news is that brands are still spending record amounts of money on paid media. The bad news is that every digital company now has paid advertising as its cornerstone for revenue and that means more sales reps in the marketplace.
At the end of the day, most media buyers are looking for solutions to help solve a client’s marketing problem. The media sales professional who can offer that up in a compelling and clear way and understand what the issues are will be successful. It’s not just selling it’s solving.