Make The Right Adjustments

Make The Right Adjustments

by | Aug 30, 2022 | Marketing and Advertising Insights, ScLoHo's Fort Wayne, The Not-So-Secret Writings of ScLoHo, WOWO Fort Wayne Radio Advertising with Scott Howard

“We gotta do something”

That’s been the theme for 2022 from many business people.

So they prepare to Make Adjustments.

Making Adjustments is neither good or bad.  Actually it is something that all of us are doing all the time.

The question that often comes up is “What adjustments are we going to do?”

I urge you to stop for a moment and take a few deep breaths before making any decisions.

As hard as it is, now, more than ever, is time to remove emotions from your decision making process.

Emotions can be temporary, and decisions can have lasting consequences.

If you are running a business and you don’t have a strategic plan in place, it’s time to create one.

If you have a plan, but it was created before March 2020, it’s time to review it and see if it needs updated.

If the plan you created isn’t working right now, it’s time to see why and take a look at the whole picture.

For nearly 6 years I have served on the Board of Directors of Homebound Meals of Fort Wayne and I am in my final 6 months.  Besides myself, there is one other board member who has been there as long as me and his term expires early next year like mine.  The organization has been around since 1971 and during that time there have been dozens of board members, hundreds of volunteers, and thousands of recipients of the lunch time meal program.

Their mission has never changed.  The strategy and tactics used to fulfil the mission have certainly evolved over time including the last few years.  I am confident that the partnership between the board and Executive Director will keep the organization around for many more decades as people come and go.

Making the right adjustments is also something I have seen take place at the church my wife and I attend.  We’ve been members for nearly 20 years and have seen numerous changes take place in leadership as some Pastors retire or are called to other places to serve.  Besides the church, we also have a school and they have had people changes too over the past 77 years too.  This summer their Executive Director, Mark Lange stepped down to move forward with other areas he and his wife Sue are being called.

I bring up Mark’s name specifically because I’ve known him and his wife Sue since I was 13 years old and we went to the same high school.  Our church and school, Holy Cross Lutheran in Fort Wayne was going thru some transitions that many older churches have gone thru and that was simply changes in the make-up of the congregation that was part of what was going to have an impact on the finances of the church and school.

A few years ago, I was one of a dozen who were asked to serve on a task force to explore the future needs and future circumstances using demographic studies, internal surveys, and antidotal stories.  Mark showed me how each year we had a financial plan and each week he would release numbers that showed how our income compared to the plan. He also included the actual expenses which were the reality of what was spent and I learned in my conversations with Mark how we were making adjustments as the year progressed.  Besides having the initial plan or budget, we also had a plan on what adjustments to make as needed.

No matter what business you are in, there are a few things you need to always include in your plan:

  1. Products and Services to sell
  2. Have the People and Infrastructure to create those Products and Services
  3. Invitations to potential customers to buy your stuff and ongoing marketing to keep those customers.

Some of you have had to change the portfolio of products or services you sell.  I’m not talking about completely abandoning everything, I’m talking about making adjustments. Fast Food places that were short staffed ran drive-thru only and closed their dining rooms for awhile.  Some restaurants limited their menu to their best sellers.

I’ve also seen some of you expand and not shrink.  Two ways to do this have been to add more products to sell to your customers.  One company added a second business that went hand in hand with their primary business and it’s created more opportunities.

The other way to expand has been to raise prices.  Too many businesses have been afraid to pass along increases to their customers because they were afraid of losing customers.  But inflation is one of the biggest headlines of 2022 and you really need to pass along your additional costs to your customers.  They are expecting it.  No, they won’t like it, but they will understand, (most of them).  You will also lose some.  A few years ago I told one of my clients that she needed to raise her prices which she resisted at first for those same reasons. However this is the ideal time to do it.

Some of the adjustments you may be tempted to make is to cut your advertising.  To which I say, maybe.  However the answer is probably maybe not.

It really depends on your overall strategic plan, not just current circumstances.  While I sell advertising on WOWO Radio and lead a team of advertising sales pros, I’m also a marketing and advertising consultant.  I want what is best for you and your company now and for the future.  If we can help with using the advertising resources of WOWO radio and our online options… great.  But I don’t want you to buy advertising from us or anyone that isn’t in your best interest.

More on what happens when you cut advertising in a future article.  For now, I urge you to Make the Right Adjustments for the Right Reasons, based on a Strategic Plan, not emotion.  Need help?  Contact me.

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.

Apples, Oranges and Gasoline

Apples, Oranges and Gasoline

by | Mar 8, 2022 | Marketing and Advertising Insights

The main point I’m about to share with you is that not all advertising is the same and that’s good.

Also you need to understand the differences before you say yes to spending anything.

Apple, Oranges, and Gasoline.

At first glance the first two, Apples and Oranges have nothing in common with Gasoline.

However consider this:

Apples, Oranges and Gasoline are all fuels.

Yes, Gasoline is the most obvious fuel because that is what we pump into our cars, but Apples and Oranges are fuel for our bodies.  It is because our forefathers were able to fuel their bodies with food including fruit like Apples and Oranges that the science and technology was invented and created to produce Gasoline.

And now, Gasoline, and other petroleum based fuels are needed to transport the Apples and Oranges from their trees to our homes.

I bet you never thought about Apples, Oranges and Gasoline like this before.

Perhaps you are also wondering what Apples, Oranges and Gasoline have to do with advertising and marketing.

I just used them to create a word picture or two as we dig deeper.

Let’s pretend Apples and Oranges are two different radio stations with different formats.  The Apple station plays Country Music and the Orange station features News and Talk as their format.

The expectation of what you’re going to get when you bite into an apple is very different than a bite of orange.  One isn’t better than the other, they are just different.  Some people prefer one over the other and it may also depend on the person’s mood or time of day.

Same applies to radio stations.  I know some people who only listen to News and Talk radio during the week, but on the weekend, they crank up the music of their favorite station.

Just like their are differences in the chemical and nutritional composition of Apples and Oranges, there are also distinct differences between music based radio stations and news talk radio stations that you should know about before you purchase radio or any broadcast advertising.  It’s not just as simple as picking your favorite fruit.

What about that Gasoline?  In our story today, let’s equate Gasoline with Social Media.

Both Gasoline and Social Media can be very beneficial.  They can both be very dangerous.  The properties of Gasoline that powers our cars are the same properties that can be explosively dangerous.

Same with Social Media.  With the growth of platforms like Facebook, I’ve connected with dozens of people from my past along with made hundreds of new connections.  That’s the good side.  Social Media sites like Facebook have also fueled some terrible things and created divisions and ignited countless negative things too numerous to mention today.

Apples, Oranges and Gasoline can work together for good.  I’ve seen Social Media work in sync with News Talk and Music radio stations too.

My challenge to you as a business owner is what I said at the beginning, that not all advertising is the same so please work with someone that understands how to use each and how not to use each.

It’s more than the cost, it’s the purpose of what you want to accomplish.

I just looked up the cost of a gallon of Apple Juice, gallon of Orange Juice and a gallon of Gasoline and while Gas is still the cheapest of the three, you wouldn’t drink a glass of gasoline as a substitute for your morning O.J. right?

Need some guidance figuring all this out for your business? Contact me.

 

Wrap Up and Step Up

Wrap Up and Step Up

by | Dec 21, 2021 | Marketing and Advertising Insights, The Not-So-Secret Writings of ScLoHo

Twas the end of December and all through the land,

Lots of creatures were stirring, children, woman and man.

The hustle and bustle of the holidays are here,

And nearly everyone is attempting to be of good cheer.

The retailers are hoping to rake in more bucks,

While they alternate between taking care of customers and unloading trucks.

The advertising salespeople are doing their best,

to reach their customers, sell a few more ads, meet their budgets and then finally get some rest.

I could continue to write and talk in verse,

but honestly I’m not that talented, as a lyricist, I’m cursed.

So like many of you who are taking a break, this is my last column and podcast until 2022.

For those of you who are in the broadcasting business, I have an invitation for you to join me on Thursday, January 13th at 2pm eastern time for a live event called the 2022 Radio Sales Lift Off.

This event will be on the Clubhouse App, so you’ll need your smartphone, Radio consultant Loyd Ford reached out to me earlier this year to contribute to his Encourager series for people in the broadcasting business and I’ve been writing a monthly article.

This event on January 13th is the creation of Loyd and will be co-hosted by another radio veteran, Alec Drake.  They asked me along with broadcaster Chuck Wood, I wonder if that’s his real name or an on-air name, to be their panelists.

Here’s what Alec said about it recently on LinkedIN and his own website:

We are all deep into thinking about next year’s sales strategies, so add this appointment to your calendar, “The 2022 Sales Lift-Off”. Join Loyd Ford from Rainmaker Pathway Consulting Works and me on Clubhouse for a panel discussion by frontline managers to discuss Q1, sales team recruiting, and actionable revenue ideas for 2022!

and…

Join us live on the Clubhouse app Thursday, January 13, 2022, @ 2 p.m. Eastern/11 a.m. Pacific for a revenue-focused event that will take place quarterly for sales managers, market managers, and local sellers.

Loyd Ford from Rainmaker PathwayConsulting Works along with Alec Drake will open up a panel of sales partners to discuss a strong finish to Q1, recruiting sales staff, and a closing roundtable with actionable items to help you and your team grow revenues. ​ The Revenue Partners for this Q12022 Live Event:

 Chuck Wood – VP/GM of Delta Media Corp., a multi-media media company comprised of seven television and nine radio stations in Broussard, Louisiana 

Scott Howard – General Sales Manager at WOWO Radio/Federated Media, Ft. Wayne, Indiana ​

– Actionable sales ideas – Recruiting Strategies – Get Your 22 Momentum – Share and Learn

Have a safe, relaxing and prosperous end of 2021, my friends.
 
Feelin’ Good

Feelin’ Good

by | Oct 13, 2021 | Marketing and Advertising Insights, Really? The Personal ScLoHo, The Not-So-Secret Writings of ScLoHo

How are the feeling right now?

Are you:

Happy?

Sad?

Excited?

Scared?

Hopeful?

Hurting?

Melancholy?

Enthused?

No matter what you said you are feeling right now, it’s okay.

I just randomly came up with 8 possible emotions that you could be feeling at this moment and if you were in a room filled with 25 other people, I’m sure you could find someone else who is experiencing the same emotion you identified with.

Some of us have days when we go thru all 8 of those emotions in just a few hours.  Others can experience the same emotion for not just hours, but days, weeks, or even longer.

Emotions are part of our human experience and even if you think you are a facts and logic person, your emotions are actually in the drivers seat of your life.  If you are a facts and logic person and you got a little miffed by what I just said, it simply proves the point.

But I’m not here to play with your emotions today.

No, instead I want to help you understand the importance of our emotional side.

Because I write and talk about media and marketing and offer tips for businesses, I’m going to focus on how our emotions work in that context.

The emotional state of the people you deal with are going to have an influencing factor on how that conversation or interaction occurs, just as your emotional state at the moment will too.

Quite frankly there is a lot of negative news out there, and some peoples emotions are rubbed raw.  I’m not even talking about the political stuff, I’m referring to the challenges we are facing as we wrap up 2021.  Prices are going up.  We have shortages of everything from computer chips to staffing shortages.  A year ago we saw empty shelves instead of toilet paper and sanitizing supplies, and in my visit to the store recently, we seem to have plenty now.

There are other reasons people are having a tough time.  In my circle of friends and acquaintances, I’ve witnessed marital discord and divorce, loss of loved ones, either permanently by death, or because of disagreements that are hopefully temporary.

If you own or run a business, realize that your team wants to be the best versions of themselves, but there are other things going on that could be preventing that, at least temporarily.

If you work for someone, what I just said also applies to your boss.

Customers and clients, they are going through the wide range of emotions too, and we just don’t know the full story of what is going on in their lives do we?

I titled this piece, Feelin’ Good, because ultimately that is what we all want.

We want to feel good about our lives, our jobs, our family and friends.

We want to feel good when we spend our money.  

My wife recently spent money on two very different experiences, one was a gift box that included some fun things she picked out to send to out of town family members.  The other was spending money on getting her car repaired.

Two very vastly different reasons to spend, and yet both times she wanted to feel good when she punched in her pin number as she paid for her purchases.

It might be easy to make someone feel good when they are buying gifts, and more challenging to make them feel good when they are spending it on a repair.  But no matter what your business, please do your best to help your customers and staff feel good.

That’s the best kind of marketing you can create, an experience for all that leaves them Feelin’ Good because of what you did for them.

One more tip and this may not be earth shattering but after living in a world where we couldn’t see peoples smiles because of being masked up, please smile purposefully.  Even behind a mask, we can see a smiling face.