The Disappearing TV Audience

The Disappearing TV Audience

Not even a pandemic can save broadcast television.

As America opens up again after being told to stay home last year, we’re getting new data about some of the long term affects of the COVID-19 pandemic.  And since I’m a media and marketing dude, not a doctor, I’m going to focus on what I know about.  Get your health and wellness info from someone qualified to advice you.

I am qualified to talk about media and marketing because that is not just my passion but it’s been my livelihood for a few decades plus I have access to data that most of you don’t.

One of the predictions about 2020 was that media consumption habits were going to change due to our being stuck at home. Less people on the road would decrease radio listenership and TV would stop the slide in viewership that it’s been suffering for the past decade.

Well, radio listenership may have shifted a bit temporarily, it’s just as strong and healthy as ever.  Broadcast TV, that’s a different story.

Here in Fort Wayne, Indiana, we have had 5 major broadcast TV stations since I was a kid.  ABC was channel 21, CBS was channel 15, NBC was channel 33, PBS was channel 39 and FOX was channel 55.  Those were the channels my Mom watched 20 years ago without cable and people of her generation are still watching broadcast TV, but not as many or as much because they are dying off (80 to 90 year olds), or they’ve done what my generation and those younger are doing and watching TV from cable or streaming services.

We have a collection of restaurants run by the Hall’s family in Fort Wayne that a friend of mine predicted would be out of business in 10 years because all their customers were old.  He made that prediction 20 years ago and most of those restaurants are still here.  Why?  Because they keep making old people is my answer.

But there is more to this problem for broadcast TV because the TV networks are not creating shows that younger generations want to watch.  The younger generations are finding them online or on streaming services, not ABC, CBS, NBC, PBS and Fox.

MarketingCharts.com shared data that compares July thru September 2020 with the same 3 months of 2019 and except for those age 65+, the trend for watching less broadcast TV that has been going on for more than a decade, continued despite being told to stay home.

This continuing decline is because of the habits younger generations have formed that simply can’t be ignored.  Teens are now watching less than an hour of TV, that’s a drop of 21% in just the last year. The 18 to 34 year olds viewing habits dropped over 23% in the past year.  The only age group that didn’t lose viewers were those 65 and older and they barely retained the number of viewers and time spent watching TV.   It happened to the Yellow Pages of the phone book, it continues to happen to the newspaper industry as technology changes occur and consumer habits change, the decline continues and is happening to broadcast TV.  Not even a stay-at-home order in the worst pandemic of our lifetimes has been able to save the TV stations from losing viewers.

I have a couple of questions for you if you are a business owner that has relied on TV advertising to draw in new customers.

How is it working for you compared to years ago?

19 out of 20 business owners I asked this question to at the end of 2019 (before the pandemic) told me that they have seen a decrease in their return on investment on advertising on traditional local TV.  The other person had no idea because business was booming and he used multiple avenues to advertise.

The other question is would you like to see an alternative form of advertising that hasn’t become less effective, that can either work hand in hand with your other marketing and advertising or replace some of the advertising avenues that aren’t producing for you like they used to?  Contact me, Scott@WOWO.com and I’ll put you in touch with someone from my team to discuss what can be done to make your business successful and growing this year and for years to come.

Lasting Change in Consumer Habits

Lasting Change in Consumer Habits

2020 was a year of change for multiple reasons including Covid, the Black Lives Matter movement and political division at an increased level.

The consequences of 2020 is that consumers habits have changed, some at an accelerated rate due to the way we had to adapt last year. Video conferencing was slowly becoming an option, but when it became the norm because we were not allowed to meet in person, that, my friends is an example of what I am referring to.

One of my top salesperson loves the video option because it saves her time traveling and I know that while we are slowly returning to more in-person meetings, video is still going to be a viable and acceptable option.

And there’s more…

Marketing Charts reports:

The vast majority (78%) of consumers have come to prefer online shopping for specific items over the course of the past 6 months, according to a Cheetah Digital report [download page] on the digital consumer trends that are set to outlast the pandemic.

Kroger, Meijer and Walmart are the major grocery stores where I live and we switched to ordering online and then picking up at a designated time for nearly a year.

Yes, Amazon benefited from the online shopping boom but other local stores learned to adapt and provided curbside pick-up or carry-out only to adjust to the restrictions imposed by safety precautions of the pandemic.

Climate change, political posturing and convenience seem to be big factors according to the report.

What about you and your business… what have you done in the past year that you are going to continue doing in 2021 and beyond?

I’d love to hear from you, drop me a line or leave a comment.  Or if you would like some help and guidance, ask.  My email is Scott @WOWO.com

 

Creating Success with WOWO Radio in 2021

Creating Success with WOWO Radio in 2021

As much as we want to kiss the year 2020 good-bye and move forward as if it never happened, we can’t. And we shouldn’t.

12 months ago all of us were planning on a very different year than what unfolded in 2020.  The economy seemed to be moving forward after a market correction at the end of 2019, but unemployment was at record low numbers and it seemed like we were going to have a boom of a year.

It boomed alright, just not with confetti.  More like a nuclear explosion.

Here in Fort Wayne Indiana, that boom hit around Friday March 13th, 2020.  The Governor of Indiana was mandating restrictions on businesses that would take place the next week and suddenly we all had to determine what was essential and why.   Many of my clients and advertising partners on WOWO radio were essential but some had to shut down for awhile.  It didn’t seem fair that the small local business retailers were not allowed to stay open while the bigger national big box stores were still able to allow customers inside.

At WOWO radio and our parent company, Federated Media, we instituted a Work From Home Policy that was designed to keep everyone safe and healthy. In Fort Wayne, we operate out of two separate buildings.  The south building is where the studios for WOWO, WMEE, K-105, The Bear, Big and the Fan are located.  Our engineer was able to modify studios and set up equipment so our on-air talent was able to minimize the risk including broadcasting from home in several instances.

On the north side of town, Federated Media Fort Wayne Sales and Executive offices were also affected but differently.  Our usual weekly in-person sales team meetings for WOWO were suspended.  Federated Media had already instituted a work from home policy for their local sales teams over a decade ago, which meant instead of having an office or cubicle at the Fed Med office to report to everyday, if you were on the sales team for one of our local stations, you only had to come to the office occasionally.

When people asked me about my job, I would tell them most weeks I have two hours that I show up to the office, the rest of the week is mine to use as I see fit to do what I needed to accomplish.  As a result, I spent between 10 and 25 hours a week in coffee shops.

Something else that was new in 2020 were some management changes at Federated Media in Fort Wayne.

At the end of 2019, our former market manager Jim Allgeier left Federated Media. After a nationwide search was conducted, they promoted from within.  Ben Saurer, General Sales Manager for WOWO, WKJG & WBYR took over to lead Federated Media in Fort Wayne as our Vice-President and General Manager.  For those of us who had been working directly under Ben at WOWO, it was a mixed blessing.  We had a tremendous amount of respect for Ben and believed that he was the right person to step up and lead all of Fort Wayne.  Yet we also knew that if he was promoted, someone else would take over the General Sales Manager position for the 3 stations he was taking care of.

So with the announcement  of Ben’s promotion, came another nationwide search that Ben conducted to hire his General Sales Manager replacements.  Initially Kassie Taksey was hired to become the Sales Manger of two of our smaller stations, WFWI & WKJG and shortly afterwards also became the General Sales Manger of the Bear.  All three of these stations had great potential and Kassie was brought in to create a local sales team that would live up to that potential and she has done an excellent job with that in her first year especially with Covid and the ramifications.  She took over our sports station when live sports were being cancelled and two of our music stations when concerts and events were being postponed or eliminated in 2020.  Hat’s off to Kassie on her teams accomplishments!

The WOWO General Sales Manager position was (in Ben’s words) “The Most Important Hire I Make”.  Here’s why:

Back in 2013, when I joined Federated Media, WOWO was one of the top 3 or 4 stations out of a dozen in Federated Media which operates stations in South Bend/Elkhart and Fort Wayne Indiana.  The past few years, WOWO  (under Ben’s leadership) became the top station in the company with a local sales budget that is nearly double (or more) than any of the other stations in our company.

The new WOWO General Sales Manager would be tasked with… Don’t Screw It Up.

Federated Media General Sales Managers have many roles but carrying their own list of accounts is not one of them.  Only during certain circumstances does that happen and usually for a short period of time.

Coaching is the most important role I believe because if the GSM isn’t selling, then his/her team is and they need a coach to help them be their best.

Let’s look at the 2020 calendar again.

Right before Christmas 2019, Ben is told by the Chief Operating Officer of Federated Media that he will be promoted to VP/GM of Federated Media in Fort Wayne, leading the entire management team in the sales, programming, engineering, and special teams support staff effective in January 2020 which is when the announcement is made company wide.

In January 2020 Ben begins his nationwide search for his General Sales Manager replacements and brings back Kassie to take over three of the four stations that need a leader.

It takes 6 weeks and multiple interviews with candidates across the country before Ben pulls the trigger and promotes from within his WOWO local sales team and I am offered the WOWO General Sales Manager position the week after Valentines Day 2020.

Earlier in 2020, Federated Media had our annual awards ceremony called the “Feddy’s” and I had won a couple of awards for being the top salesperson in our entire company in 2019.  Which presented a dilemma… does Ben take his companies top salesperson out of a sales role since that would not be my job anymore?

Throw in a couple more circumstances that I was not initially aware of in January 2020.

WOWO’s legendary salesperson and former air personality, Art Saltsberg was going to go into full retirement.  A few years ago, Art scaled back his work load and was now only taking care of about 6 or 7 of his favorite clients.  Art was now going to walk away completely in the first quarter of 2020. I remember listening to Art on WOWO when I was a kid in the 1970’s.

At the end of 2019 one of WOWO’s other top sellers decided to leave to take care of some personal matters.  This lead to Ben recruiting two brand new salespeople to the WOWO Local Sales Team, a process that takes a couple of months before the decision is made.

The same week I was offered and accepted the General Sales Manager position for WOWO was the same week Ben added Andrew and Blake to the team to join the rest of us on WOWO.

A month later COVID hit and we all had to scramble to figure out what to do for the best interests of our advertising partners, our company and everyone involved.  As weeks became months, most of us learned new ways of doing things.  One member of the WOWO sales team who didn’t, left after 4 years.  Meanwhile the WOWO sales person who has been with us the longest, had her best year ever due to learning how to adapt to circumstances.

As all of us reflect on 2020 and put together lessons to implement in 2021 there are a few items I want to share with you pertaining to working with WOWO radio to create success for you this year.

  1. We want to help your business be successful. Every member of my WOWO local sales team will focus on your success. 
  2. We don’t just sell advertising schedules.  This relates to #1.  We want to partner with you and learn & understand your marketing, advertising and overall business needs and goals to craft a plan that we all agree on for the long run.
  3. You are experts in your business.  We are the experts in ours.  It’s how we became the number one radio station in not just Federated Media, but in all of Fort Wayne with over two dozen radio stations.
  4. We work as a team.  This is one of the things I am most proud of regarding the WOWO local sales team. Tracy, Rob and myself have made ourselves available and are lending ideas, experience and expertise to Andrew and Blake who are completing their freshman year with WOWO.  Now that Chris is back, he too is contributing to the collaboration that goes into the planning process for our advertising partners.  We also have learned some ideas from Blake and Andrew too!
  5. We will be honest with you and only make recommendations we believe are in the best interest for you.  Want to sell Jordon’s on WOWO? We’ll connect you with one of our other stations unless you are a vintage collectors store that sells stuff our listeners would buy.
  6. Advertising Partnerships.  That is our goal. We want to create a bond between you and our listeners and it takes a commitment from you and us to make that work.  If you want to “test the WOWO waters” with just a short term advertising schedule, you are not likely our ideal advertising client.
  7. Flexibility. Or as I said last year, Pivot.  Doing business in 2021 requires that we all do things differently than we were at the beginning of 2020.  Yes, we can do Zoom meetings. Yes, we can change your message when circumstances change.  Yes, we can… was our motto last year and it still is.

Ready for our help?  Contact me: Scott@WOWO.com

Your 2021 Marketing Plan

Your 2021 Marketing Plan

2020 is thankfully coming to an end, and you have made it through another year in an increasingly competitive and complex environment! 

Congratulations! But how is your future looking?

Peter Drucker, who has been described as “the founder of modern business management” said, “The best way to predict the future is to create it.” 

Your challenge for 2021 is not so much to predict what kind of year you will have as it is to plan and implement the actions necessary to create the outcome you want.

You may have heard this before, but I am about to share with you the single most important thing about planning your marketing for the year ahead. The most important thing about planning your marketing is…… Planning Your Marketing!

All too often, amidst trying to run a business and planning ahead, marketing goes to the bottom of the pile to be looked after “tomorrow”. And, like the sign at the neighborhood pub that reads, “Free beer, tomorrow”… you know they’ll never have to give free beer away because the sign never changes and tomorrow always remains a day away!

Everything you do, from hiring your new sales manager to renewing your lease and ordering your merchandise, has a deadline. But, marketing and advertising decisions always seem to be able to be postponed.

Businesses that don’t plan often end up doing last-minute knee-jerk promotions in reaction to their competition, rather than strategically holding the course to build their brand.

One of the cornerstones to any successful business plan is a well thought out marketing plan. Click here to read the 10 Planning Questions you need to answer to prepare your successful 2021 marketing plan. 

[wd_hustle id="sound-advice-sign-up" type="embedded"]
Ask The Right Questions

Ask The Right Questions

9 months is the usual length of time it takes a baby to develop from conception to being born.

During those 9 months, the new parents are preparing for the future, the changes that will be occurring in their lives, especially if they are first time parents.

While each pregnancy is unique, just as each of us human beings are unique, there are several predictable events and circumstances that will be occurring and we have plenty of wisdom from our family and friends along with healthcare and other experts.

You want to know what to expect when you are expecting?  You ask.  You ask the right questions to get the right answers. It’s pretty straight forward.

I’m going to apply this to the past 9 months or so.  We were a couple months into 2020 when we started hearing about what has become the Covid-19 Corona Virus Pandemic. At first we believed it would have a limited impact on a very small number of people in our country and most of us would live our lives as normal.

By April, multiple states had stay at home orders that closed down parts of the economy, led to panic buying of toilet paper and created something that nearly no one in business had ever lived thru before.  100 years ago was the last pandemic of this magnitude and even if a business has been around since that time, the actual people are no longer here to tell us what to do.

So questions were asked about the virus.  How serious is it?  What are the risk factors?  A great political divide was created over the precautions that we should be taking and all of this in the midst of a dozen other political and social battles.

We were learning as we went along and none of us wanted to deal with a deadly virus pandemic that would upend not just our physical health and well being but also mental health, business health, and the well being of our friends, family, co-workers and neighbors.

We also thought that the impact of the virus would be short-lived.  Weeks, not months.  Hopefully not years.

It all boils down to this.

Ask the right questions.

While we rely on the health care experts to work their butts off to find the answers and solutions to halting the spread of the virus and lessen the impact on individuals health, I challenge you to ask the right questions regarding the future of your business.

This fall as the weather changes in Indiana, local restaurants are closing for two reasons.

They can no longer offer outside dining spaces like they did in the warmer weather, so they have limited capacity for social distanced seating.

They are being impacted by people in the midst, either on staff or patrons who have tested positive for the virus which means everyone needs to get tested, the building is shut down and scrubbed clean and they lose even more money.

Here are some of the questions you need to ask yourself for the future of your business:

If the business environment with strict lock-down restrictions were to return and stay in place for all of 2021, how would you adapt the way you operate to provide goods and services to customers and be profitable?

What operating procedures have you changed this year that you will continue, even after the pandemic restrictions are eventually lifted?

What can you improve upon to provide goods and services in the months and years to come that benefit you, your customers and your employees?

What can you do to invite people to spend their money with you no matter what the future holds both health wise and politically?

I know, that last question is an advertising and marketing question.  All three questions are extremely important. In the near future I’ll help you with a refresher on timeless advertising and marketing principles. and in the meantime, if you need help evaluating those first two questions, reach out to me.

I started out talking about the 9 months of pregnancy that new parents go through in joyful expectation.  Believe it or not, even though 2020 has not been as predictable as the birth of a new baby, we are all going to be better in the long run, no matter how many months it takes.

 

[wd_hustle id="sound-advice-sign-up" type="embedded"]