Lessons from the NCAA Basketball Finals

Lessons from the NCAA Basketball Finals

by | Apr 22, 2024 | ScLoHo Sales Tips, The Not-So-Secret Writings of ScLoHo

It’s been a few weeks and hopefully the sting of your broken bracket has faded enough to apply some lessons from college basketball to our businesses.

Living in Indiana, I was rooting for the Purdue Boilermakers to win it all.  In my family we even have a Purdue grad, my step-daughter.

April 7th and 8th, the top teams played in the Womens and Mens championship games and as I was listening to some of the commentary during and after the games, there was a common theme that the champions had that was different from the runner-ups.

In the Women’s championship game, Iowa had Catlin Clark who was their superstar and has been a media favorite.  She scored 30 points and was the leading scorer of the title game.  Catlin Clark is a college basketball superstar.

The next night, Purdue’s Zach Edey racked up 37 points and outscored everyone of the players from both teams.

Both Catlin Clark and Zach Edey finished their season on the losing team.  Purdue lost by 15 points to UConn and Iowa got beat by a dozen points to South Carolina.

Why is it that Iowa and Purdue, both teams with nationally known superstars lost the most important games of the season?

It’s because Basketball is a team sport.

As I glanced at the scoring stats, this years college champions, both the Men’s and Women’s side, the schools that took home the top trophies had a balanced team that didn’t rely on just one superstar.

The Iowa Hawkeyes had just 5 players that scored while the Women’s champs had 9 players adding to the South Carolina Gamecocks final score.

The UConn Huskies had 7 players contributing points in their win, while Purdue’s Zach Edey, only had 4 teammates sinking the ball.

The day after the Men’s Championship game I was talking with my boss about all of this and applied it to our situation at Federated Media.

My station, WOWO is one of 10 in our company.  5 are in South Bend, Indiana and the other 5, including WOWO are in Fort Wayne, Indiana.  During the 11 years I have been with WOWO, either on the sales team or as the General Sales Manager, WOWO has grown to be the highest scoring revenue station out of all 10.  It’s not the one with the largest audience, and it’s not the one with the most popular music.  They don’t play music, WOWO is a news/talk station.

WOWO’s sales team has depth and balance.  When I was hired in 2013, I was the 5th person on a 5 person team and typically that position is a revolving door.  However in a few years I became 2nd in longevity and when I was promoted to General Sales Manager in 2020.  The year before, in 2019, I was named the top Account Executive in our entire company so my priority was to hire someone to replace myself.  Nearly 4 years later, I hired myself back to the sales team for WOWO and left most of the management duties.

Then and now the WOWO Advertising Sales Team of Account Executives has been filled with strong players.  Tracy has been with us 23 years.  Rob joined 11 years ago and we just added another Federated Media veteran, Brad who spent two decades with our sister station WMEE and returned 6 months ago, this to on the WOWO team.  Having a strong team has helped us nearly triple the revenue results and it doesn’t rest on one person.  Everyone has a slump every once in a while and if you don’t have the others to carry your team through, it can be very challenging.

What about your organization?  How much of the success relies on one person?  Are you vulnerable if something were to happen to that person?  I understand that most companies in the past few decades have become lean and reduced redundancies and back in 2020 with the Covid pandemic, our company did too.   However, we should also create backups for people, not just systems.

Need help on any of this?  Ask me and if it’s not in my portfolio of services, I have connections to people who can assist.

 

 

 

Leadership Lessons

Leadership Lessons

by | Nov 6, 2023 | Sound ADvice, The Not-So-Secret Writings of ScLoHo

What does it take to be a leader?

That question was asked of myself and a couple dozen others this summer at a half day retreat our company held in August.

The answers were plentiful and good, as most of us were in a leadership position.  Some of us had a leadership title with people that reported to them, while others were leaders due to the work they did or how they performed.

One topic on the subject of leadership was sent out to subscribers to my Sound ADvice newsletter and it goes like this:

Are you a boss, or are you a manager?

When you approach the definition of the word boss or manager as a noun, they basically mean the same thing. However, when approached as a verb, they have drastically different meanings.

 

As a verb, Webster’s dictionary defines “boss” this way, “to order about in a domineering way”.  A “manager” is defined as, “to handle or direct with a degree of skill”. It even adds in, “to treat with care”.

Poor customer service is often the result of interaction with people working for a boss who is not happy with their situation. Strong, professional, and polite customer service comes from employees working for and with someone who is a manager.

The most successful managers today hire people who have a passion to do their jobs to the best of their ability…these people don’t need a boss. These people need a manager who will give them access to the tools, training, people, resources, and environment that allows them to perform to the best of their ability.

So, if you’re a manager, here’s an idea. Instead of giving your people a “to-do” list, try asking them to give you a “to-do” list. What do they need you to do to help them be more productive or deliver better customer service?

In our Twelve Ways to Create Happy Employees, number seven is “360-degree feedback”…asking your employees how YOU are doing.

 

Zig Ziglar said, “You can get whatever you want as long as you are willing to help others get what they want.”  It’s also been said that “You can be as successful as you want if you are willing to let others take the credit.” 

If you look honestly into a mirror and ask yourself, “Am I a boss or a manager?“, what would you answer?

If you’re a boss, are you ready to quit being the boss and become the facilitator or manager of your team’s success? A culture where the “boss” works for the staff and the staff works for the customer can create a successful company without anyone working for the company!

Happy employees will deliver happy customers.

If you would like to see the Twelve Ways to Create Happy Employees, click here now and start making happier employees, more satisfied customers, and more money!

For close to 10 years, I have worked for Federated Media and most of those years I got to work as a member of the advertising sales team for radio station WOWO. Then for close to 4 years, I got to lead the WOWO sales team and then took on the General Sales Manager position for 3 more stations.

Now again I am back to my first love of marketing consulting and advertising sales.  During those management years, I learned how challenging it is to be a boss, a manager, a leader with the title and consistently do a good job for your team and your bosses.

For those of you who are in that role and doing everything you should be doing I salute you.  If you need any help, or guidance, I have some recommended books and podcasts, just reach out to Scott@ScLoHo.net

If you would like to receive my Sound ADvice weekly newsletter, send me an email to Scott@ScLoHo.net.

Getting Linked

Getting Linked

by | Jun 7, 2022 | Marketing and Advertising Insights, ScLoHo's Web World, The Not-So-Secret Writings of ScLoHo

Among the one-liners of business success, there’s one that I’ve noticed has been critical and it has to do with connections.

I’m going to focus on LinkedIn, but first here’s the one-liner:

“It’s not who you know, but who knows you that determines your success”

This is why I highly recommend using the power of social media to build a network.

In the 1990’s as a young advertising sales guy in Detroit, I was tasked with making cold calls to find businesses to advertise. It wasn’t fun and I actually quit.  Since I was not from the area, I had only a few connections and none were business owners.  Armed with a phone book and a car, well that was about it.  There was no social media in the 1990’s. MySpace launched in 2003 and Facebook after that.

But did you know that LinkedIn also launched way back then, in the early 2000’s?

LinkedIn used to be thought of as a place to find a job.  You’d fill out your employment history and it sort of functioned as an online CV or resume.

It has become much more than that.

LinkedIn promotes itself as a social network for professionals for professional connecting which is pretty much true.  I also recall the debates over who to connect with.

“Should I only Link to those people I know?”

Well, that is a good start and some of you haven’t even done that.

Please do that first.  Then it’s time to really grow your network.

Anyone that you are connected to has connections and while LinkedIn will tell you whom you share connections with, it will also show you something called 2nd degree connections.

These 2nd degree connections are where the real potential value is, I’ve discovered.

It’s the Kevin Bacon Effect.  The Kevin Bacon Effect was a fun gun to play to see who was connected to whom and how many people you had to go thru to connect to Kevin.  Look it up if you care.

Before I was preparing this article, I had no idea how many 1st degree connections I had. Just glancing at my profile, says 500+ which seems like a lot.  But when I dug deeper, I saw I have over 3,000 first degree connections!

Here’s the fun part, and I’m going to scale it down using a low number of connections.

100.

If I had just 100 connections, and each of my 100 connections had 100 connections, that means in theory I have 10,000 second degree connections.

Move that number up to 400 and do the math and that adds up to 160,000 connections.

Of course there are a lot of variables but according to LinkedIn, the average number of 1st degree connections is between 500 and 999 for active LinkedIn Profile users.  When I looked at my co-workers, I saw most having less than 500 which means they are missing out.

What are they missing out on?  And what are you missing if you aren’t active on LinkedIn?

When I am doing research on a company or a potential contact, LinkedIn is one of the top 5 searches I do.   My role with my radio station includes looking for potential candidates to hire for positions that may open up.  I also do some research on companies that might be a good fit as an advertising partner.  Besides the 1st degree connections, I can also reach out to 2nd degree connections.  And I do this free.

Yes, I don’t pay a dime for my LinkedIn account, and I usually don’t advise people to get a paid account either.  If you instead build your contacts and connections, you will grow it over time and it will become a valuable resource.

Finally here’s the added benefit that has been happening a lot, and that is people reaching out to me.  Every single week.  Some just want to connect for networking but others are seeking me out because they want to consider buying what I have to sell them.

Would you like people contacting you like that?  What are you waiting for?  Get Linked!

 

Is Generational Relatability An Issue?

Is Generational Relatability An Issue?

by | Apr 19, 2022 | Marketing and Advertising Insights, Really? The Personal ScLoHo, ScLoHo's Collective Wisdom, The Not-So-Secret Writings of ScLoHo

We’re going to talk about generational differences today and how they impact our relationships with others that are older or younger than us.

Last month, Mediapost shared a Quick Refresher on Demographics and that was part of the inspiration for this along with some stuff going on in my own life.

First, I’ll reveal me:

Baby Boomer, graduated from high school in the late 70’s.  I was alive when JFK was shot but have no memory of it because I was a toddler.  During most of the 60’s, I was not aware of the political turmoil or cultural revolutions that were going on.  I was just a kid.

Watergate was the first time I really noticed much about political stuff.  When Nixon resigned, I was becoming a teen and was more into teen stuff like girls and music than adult stuff.  Musically I was into Top 40 and those songs from the mid 70’s to mid 80’s were the foundation for a couple of reasons.  1st, was listening to the radio as a kid and then I was a teenage disc-jockey from age 16 to 25 on the radio for a decade before moving to the advertising side of broadcasting in Detroit in the late 80’s.

My wife is 8 years older than me and most of her friends are around her age, not mine.  We’ve been married for a couple of decades and I would tease her about stuff that happened “before I was born”.  Yet as we get older, we’ve realized that those 8 years are not as significant compared to other generations.

Our 5 kids (from our first marriages) were all born in the 80’s and most of them have kids so there’s another generation in our family now.

I recall 20 years ago when I took a break from media and marketing and learned how to run a thermoformer in a plastics plant that the people working for me were closer to my kids age than mine and that was one of the motivating factors to return to radio and get out of the very physically demanding factory world.

Now at the broadcasting company I work for, we are hiring people that are 10 years younger than my kids.  While it kind of makes me feel old at times, I’ve also enjoyed the role I play as a leader, mentor, and coach.  Plus I can still out perform many of the advertising account executives in our company, but that is not my focus.

So as you and I move forward in 2022 and the years ahead, it’s important to understand some of the differences in generational relatability that I’m about to share.  A dozen years ago I was a guest speaker on personal branding to a group of Huntington University students and realized that an example I used of TV personality Larry King was unrelatable, so the following year I updated my presentation to fix that.

Here’s the Mediapost story:

In 2018, the Pew Research Center determined that 1997 was the starting date for Generation Z. Anyone born from 1981 to 1996 is deemed a millennial, and anyone born since 1997 is a Gen-Zer.

At this point, the oldest Gen-Zers are turning 25 this year and the rest are teens or younger. (The cutoff for Gen Z births appears to be 2012.)

Among the differences between Gen Z and millennials (also called Gen Y) are:

–       Most Gen-Zers have little or no memory of 9/11. Instead, they grew up with lines clearly drawn between the political parties after the event.

–       Generation Z is the most ethnically diverse generation in U.S. history. The next most-diverse generation is millennials. Some 52% of Gen Z is white, 25% is Hispanic, and 4% is Asian, again according to Pew.

–       The iPhone launched in 2007, when the oldest Gen-Zers were 10. They came of age as social media, mobile computing and constant connectivity were part of the landscape.

–       According to a 2021 survey, the top brands for Gen Z were Google, Apple and Amazon. Netflix, Chick-Fil-A and Vans came in after that. But that survey is far from definitive. Others have put Nike at No.1, Netflix at No. 2 and YouTube at No. 3.

For millennials, the top brands were Apple, Nike and Amazon, according to marketing firm Moosylvania. Google was No. 8.

In other words, there doesn’t yet appear to be a deep divide between Gen Y and Gen Z.  That contrasts with the divide between Gen X and Baby Boomers, which was driven by some big differences. Baby boomers currently comprise 70 million people, versus 65.2 million for Gen X, according to Insider Intelligence. That doesn’t seem like a huge difference, but Gen X was marked by a “baby bust” mentality that sported attitudes of cynicism and skepticism after the euphoria of boomers.

Baby boomers also had a clear starting point (the end of World War II) and ending (1964, when the birth rate began falling). Since then, the delineations between generations seems somewhat arbitrary. As a result, those expecting a huge chasm between Gen Y and Gen Z may come up short.

Some additional insight as you consider all of this is to not make broad assumptions about someone because of the generation they were born into.  I am much more active than my son when it comes to online behavior.  I was also an early adopter compared to folks 10 to 20 years younger than me.  I had to push and pull some of my former co-workers to move forward with certain things that they thought were just a fad, but clearly were much bigger and longer lasting.  Twitter is the example that comes to mind.

Want to know more or do you have some insights to share?  Contact me.

Customer Trust Builds Customer Loyalty

Customer Trust Builds Customer Loyalty

by | Oct 26, 2021 | Marketing and Advertising Insights, ScLoHo's Collective Wisdom, Sound ADvice

In last week’s article and podcast episode which featured material from my SoundADvice newsletter, I mentioned that when all things are equal, the decision we use to determine who we purchase from is based on… perception! And that perception is, who’s better, who’s more “trustworthy”, and who’s more reliable!

The internet has changed the way your customers buy.  Before most purchases, they go online to learn more about you and your competitors. Successful marketers today know the route to higher closing ratios and sales is built upon stronger customer relationships. And those relationships are built upon trust.

“Trust” is defined as, confidence in a person or thing because of the qualities one perceives in them. Your advertising, your website, and your front-line people can create the qualities your prospects perceive in you and cause them to choose you over your competitors when they go online.

If your customer count and page views are not reflected in your sales, you need to examine four key areas:

  1. Does your advertising pre-sell customers and build realistic expectations?
  2. Do the expectations match the actual shopping experience?
  3. Does your website answer the questions your customers are asking?
  4. Are your front-line salespeople competent and confident?

The powerful four-way marketing of credible advertising to pre-sell your prospects, matching expectations with actual experience, combined with helpful websites/Facebook pages and knowledgeable salespeople to improve your closing ratios will increase your sales.

In the Twelve Trust Techniques, Technique Number 3 is Be Real – Turn Weaknesses into Strengths.  Every business has a “perceived weakness”. Don’t be afraid to share the weakness and turn it into a strength. People will trust you more when you share an inadequacy.

Click here to review our Twelve Trust Techniques to create a pre-need trust and preference for your website and your salespeople.