Presentation on theme: "Strategy & Development Session 1, 9:45-10:30. Lesson Objectives: Lesson Objectives a)Understand the difference between commodity vs. consultative selling."— Presentation transcript:
Lesson Objectives: Lesson Objectives a)Understand the difference between commodity vs. consultative selling b)Understand the difference between campaign objectives – branding vs. direct response vs. both c)Understand the new metrics & touch points of engagement
Commodity vs. Consultative Selling Commodity Sellers – Focus on Price – Limited definition of success Clicks, CTR, CTA – Objectives driven by immediate response – Success often more a factor of ad creative and landing pages
Focus on value of media Define Success by: – Understanding and defining objectives – Creative, unique opportunities – Holistic approach to media channels Consultative Sellers – Measurement focus on interactions, engagement, ad effectiveness – Understand media and marketing – Walk in your customers shoes and think like them – Marketing builds relationships with high value customers
The Consultative Approach Solution Orientation – WIIFM – Creative Exchange of Ideas Competencies – Joint definition of metrics and success – Willingness to optimize, iterate Educate client
Sell More By… Educating clients on Internet media best practices Manage expectations Increase market share – Demonstrate online + offline synergies – Increase spending by existing advertisers – Encourage non-online advertisers to buy online programs – Show advertisers how to build brand equity Increase reach & frequency Maintain presence (recent)
Definition of Integration What it Isnt – Not repurposing print ad or TV spot into a banner – Not token gestures of adding online to traditional media schedule because you have online – Not additional inventory just to increase size of sale Whats best for meeting clients objectives
Possible Campaign Objectives Direct Response -Promotional method in which a prospective customer is urged to respond immediately and directly to the advertiser, through the use of a 'device' provided in the advertisement. These devices (called direct response mechanisms) include a (1) coupon to cut and mail, (2) business reply card, (3) toll-free telephone number, or, on the internet, (4) hotspot to click. Most retail sale advertisements are direct response ads in one way or the other.methodprospective customer advertiserdevicesresponse mechanismscouponmailbusiness replytelephoneinternethotspotsaleadvertisements Both Branding - The process involved in creating a unique name and image for a product in the consumers' mind, mainly through advertising campaigns with a consistent theme. Branding aims to establish a significant and differentiated presence in the market that attracts and retains loyal customers.processimageproduct consumersadvertising campaignsconsistent aimsestablishsignificantmarketcustomers
Branding Frequency, Reach Focus on the QUALITATIVE nuances of each channel – How will you engage the consumer? – Are there innovative targeting opportunities? – What type of creative can be used?
Direct Response | Engagement Focus on the QUANTITATIVE elements – What are all the different types of possible engagement responses? – Are there any unique targeting opportunities to help maximize performance? – Do pricing modes and rate ranges fit into the success model?
Exercise Review the engagement measurement list on the Product Planning Guide Hand out the engagement activity list, 1 per team. They have 10 minutes to come up with what products they would use to activate each of the 4 engagements and why they would use that product. – Have them flip chart out their responses – Have the group share their results (5 – 10 minutes)