64 years ago

64 years ago

It’s birthday week for yours truly.

And there’s not much that I want, because if I really want it, I usually buy it myself.

Of course the best things in life aren’t things that you can buy anyway.

I’ve been doing a lot more reflecting on things lately, compared to a few decades ago, even more than 5 years ago.

The Covid-19 pandemic of 2020 kind of turned some of us to become more introspective because at the beginning, there was so much unknown and conflicting information.  We were told that we just needed to stay home to flatten the curve for a few weeks and then as weeks became months, well you were there too.

25 years ago, I returned to Fort Wayne, Indiana to help my Mom downsize after the death of my Dad.   I was just 38 that summer and my Mom had just turned 65.  I’ll be that age next year, but my health is much better than hers was back then.

Last month, I happened to visit the radio station that gave me my first full-time on-air job as a teenager, and low and behold, there was a guy named Jim who had worked there all those years ago and he was there when I visited.  He was having a birthday that week and turning 75, and still working in sales and on the air.

A few days later, I had coffee with my friend Lee to talk about a client.  Lee’s a few years older than me and I’ve known him since I worked on the air at WMEE in my early 20’s.

And one more connection to my past happened back in October when I spoke to a college class at Trine University at the invitation of an old acquaintance of mine that I met nearly 20 years ago.  He’s a professor now and invited me to speak to his class.

There’s also been the death’s of a few friends and family members in the past few years that have made me introspective and finally, I think one of the last items that has influenced what I’m sharing today was the role I had in our company from early 2020 until a couple months ago.  I was the General Sales Manager of WOWO radio and then also a few other stations before returning to active sales a few weeks ago.   As the General Sales Manager, a big part of my role was to hire, coach, train, and mentor my team.  Now I get to lead by example again.

My desire is to pass along knowledge.  It’s kind of weird, because I’m a curious person looking to learn myself and so as I talk to my elders, I want to know what they can teach me.  And I’m at that age where I’m passing along and passing down what I’ve learned too.   In a moment I’m going to share with you some resources that helped me and could help you too.

But first I recall when I was about 30 years old and creating advertising campaigns for businesses in Detroit.  I had clients in numerous and varied businesses and I took what I learned from observation, from conversations and from experimentation, using their money and improved all of them.  There was a guy Steve who had a transmission shop, a doctor named Tim who was working with his wife to build a health care practice, another man named Mike who ran a rental car business until we transformed it into the best used car dealership in the area and another favorite was a family headed up by Ed and his wife Sharon who created a small mortgage company with their daughters and we transformed it into a debt-reduction vehicle for thousands of homeowners.

This website started out years ago as a blog to save stories and articles online in case my laptop crashed and burned, and has become a resource for others as well as a creative outlet still for me.

So besides this website which will live as long as I pay the hosting fees, there are a few others that I recommend.

I also need to add this disclaimer that I read a lot less books than I did 30 years ago.  Instead I listen, watch and research.  With podcasts and online videos being available in much greater accessibility that 30 years ago, you may find a format other than paper books to be a preferred resource too.

Here we go with authors whose books I’ve bought and read and recommend to others:

Sales Leadership: Mike Weinberg.  I’ve read three of his books and was a regular listener to his podcast when I was a sales manager.  I was part of his launch team for his latest book, First Time Manager: Sales.  Check him out here: https://mikeweinberg.com/  

Marketing guru Seth Godin.  A thought leader and I see he also has a podcast that I’m going to subscribe to:  https://www.sethgodin.com/   

Roy H. Williams, aka The Wizard of Ads, besides his books on marketing, he publishes a weekly newsletter called the Monday Morning Memo that includes a rabbit hole that often is fun and intriguing. http://www.rhw.com/youll-laugh-youll-cry/ is the link to his books and here’s the link to his MMM: https://www.mondaymorningmemo.com/

Art Sobczak has sales books that I’ve bought along with a podcast and blog at: https://businessbyphone.com/

There are three others that I’m going to recommend that had an impact on my 20, even 30 years ago:

Harvey MacKay https://harveymackay.com/   Harvey’s first two books on sales were so influential that my first year as sales manager I gave my team their own copy of them for their own use.

Trout & Ries.  Al Ries and Jack Trout launched a series of books on Branding and Marketing in the 1970’s that I discovered when I started in the ad world in 1986.  Al passed away just last year and his partner and daughter continues his work. https://www.ries.com/books/

The last recommendation is a book that I re-read every few years as a reminder of how to approach sales. Frank Bettger penned the book How I Raised Myself From Failure to Success in the 1940’s and here’s an Amazon link: https://www.amazon.com/Raised-Myself-Failure-Success-Selling/dp/067179437X 

I urge you to be curious no matter how young or old you are and continue to seek knowledge and share with others too.

 

Building Momentum

Building Momentum

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.

It’s Not Just The Facts Ma’am

It’s Not Just The Facts Ma’am

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.
Past, Present, Future

Past, Present, Future

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 LegendsDetails 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.

 

The Wait is Worth It

The Wait is Worth It

Are you a patient person?

Or does waiting create anxiety?

For me, it all depends on the why I am waiting.

I’m sure it is that way with you too, to some degree.

At the end of 2019 I was cleaning up my email and found a series of newsletters from Roy H. Williams.  Roy goes by the moniker The Wizard of Ads, like my nick name is ScLoHo.  Every Monday for several years, Roy’s newsletter arrives in my inbox.  It’s called the Monday Morning Memo.

Now there’s nothing but predictability in what I just shared with you.  I can count on receiving the appropriately named Monday Morning Memo from Roy Williams on Monday Mornings.

Wouldn’t it be nice to know that all things were predictable?

The Monday Morning Memo dated September 16th, 2019 talks about something I talk about too.  I call it the buying cycle, Roy calls it the purchase cycle.  Both of us are referring to the same thing.  And it has to do with time.

Roy used the example of engagement rings. Roy says:

330 million Americans will purchase 2 million engagement rings this year. This means that 1 American in 165 will buy an engagement ring.

There has been a tendency for digital marketers to emphasize the zero moment of truth.  That’s the instant that a person is ready to go out and hand over their credit card for a few thousand to buy that ring. The digital marketers are looking at that as the time to be in your face with their ads for diamonds.  After all, for many of us, it’s now or never.  Actually in the wedding game, a significant number of us get married more than once, so those diamond ring digital marketers may get a second or third chance down the road.

However the buying cycle or purchase cycle as Roy refers to it, is not the same for everything we buy.  I bought gas the other day, something I do about once a week.  Filling up my gas tank is a much shorter buying cycle than buying an engagement ring.

Also it is important to recognize that most of us have habits that we follow with many purchases and unless there is a reason to change our habit, we aren’t going to change them.

Earlier this year, my office moved from the northwest side of Fort Wayne, Indiana to the southwest side.  I live northeast.

When my commute to the office changed, so did some of my buying habits.  Until this move, I never would have used the gas station or grocery store that I use now.  A few years ago the breakfast place I would visit stopped selling my favorite beverage so I changed.

Because you just can’t advertise a sale and it will convince everyone to stop what they are doing and go and buy from you right now… that is why you need to move from a self-centered marketing plan to one that is customer-centered.  Being there when they need what you can offer is critical.  Reminding them and inviting them, every week is what this is all about.