LITMIR.BIZ

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companies

       Demand‐side platforms (DSPs)

       Media planning and attribution companies

       Measurement and analytics companies

       Exchanges

       Data‐management platforms (DMPs) and data aggregators

       Data suppliers

       Ad networks (horizontal, vertical, and custom targeted)

       Performance and optimization companies

       Data‐sharing and social tools

       Supply‐side platforms (SSPs)

       Publisher tools companies

       Media management systems and operations companies

      All of these businesses need salespeople who understand both the digital marketing ecosystem and the personal needs, problems, and challenges of media buyers, prospects, customers, and partners.

Second, the switch from broadcast, print, and US Postal Service distribution to Internet distribution has dramatically increased the amount of data available to marketers and, thus, has dramatically increased the ability of marketers to target individual consumers rather than advertise on traditional media like television or radio to broad demographics such as women 18–49. Cookies on web browsers, location data on smartphones, and the Internet Of Things (IOT) – chips in packages, in boxes of food, or in clothing – give marketers mountains of data to use to target specific individual consumers, for example a 34‐year‐old single woman who has recently looked online for outdoor camping equipment, who lives in the state of Washington, who uses one or more dating apps such as Tinder or Match.com, and who is planning a camping trip on a weekend in the next three weeks. Behavioral, life‐style, location, purchase intent, exact age, marital status, and much more data are available about anyone in the US or in the world who uses the Internet on a desktop, laptop, mobile phone, gaming station, or smart TV (smart TVs are connected to the Internet).

      The explosion of specific data on individuals has replaced sizzle, magic, wild promises, and broad demographics as the currency in the media. Today virtually all media selling includes a digital component, so media salespeople must understand how digital advertising works and how it is created, purchased by auction, placed, targeted, served, tested, measured, and verified.

      Assumption 4: Much of digital advertising is unpopular

In a January 31, 2018 article in The New York Times titled “Tackling the Internet’s central villain: The advertising business,” technology reporter Farhad Manjoo writes, “There’s a lot of dark stuff. In one corner, you have the Russian campaign to influence the 2016 presidential election with digital propaganda. In another, a rash of repugnant videos on YouTube…”⁷ Manjoo further writes, “Then there’s tech ‘addiction,’ the rising worry that adults and kids are getting hooked on smartphones and social networks despite our best efforts to resist the constant desire for a fix.” Manjoo lays the blame for these problems on the advertising business. He suggests:

      Ads are the lifeblood of the Internet, the source of funding for just about everything you read, watch and hear online. The digital ad business is in many ways a miracle machine – it corrals and transforms latent attention into real money that pays for truly useful inventions, from search to instant translation to video hosting to global mapping.

      But the online ad machine is also a vast, opaque and dizzyingly complex contraption with underappreciated capacity for misuse…

Furthermore in 2018, a Kantar Millward Brown survey revealed that people believe digital ads are becoming more invasive. The study showed that 71 percent of respondents to the survey said that ads were more invasive than they were three years earlier. A similar number of respondents said they were seeing more ads overall, and even a larger percentage responded that they thought that ads were appearing in more places they visited.⁸ So, consumers as well as media critics and reporters are attacking digital advertising, especially too much and too intrusive advertising.

      Because of criticisms like that of Manjoo and of consumers, media salespeople, especially those selling digital media advertising, must make sure they are selling responsible, truthful, not overly intrusive advertising that appears in brand‐safe content and that they are closely adhering to the Five Cs of Ethical Responsibility, as defined in the Chapter 3 of this book.

      With these new assumptions in mind, let’s look at several approaches to successful media selling.

Approaches

      An old approach that still works

      The question most asked by beginning salespeople is, “Where do I start?” The answer is to start with the AESKOPP approach.

      AESKOPP is a mnemonic that will help you remember the following elements of successful selling:

       Attitude

       Emotional intelligence

       Skills

       Knowledge

       Opportunities

       Preparation

       Persistence

      We will look at each element of the AESKOPP approach closely in Chapter 4.

      New selling approaches for the digital era

Matthew Dixon and Brent Adamson’s 2011 book, The Challenger Sale: Taking Control of the Customer Conversation, was “the most important advance in selling for many years,” according to Neil Rackham the author Spin Selling, one of the most influential books ever written about selling, and the go‐to book for sales training until The Challenger Sale was published.⁹

      Dixon and Adamson were Executive Directors of the Corporate Executive Board’s (CEB) Sales Executive Council (SEC), and in 2009 launched

What was to become one of the most important studies of sales rep productivity in decades. Tasked by our members – heads of sales for the world’s largest, best‐known companies – we set out to identify what exactly set this very special group of top‐performing sales reps apart. And having now studied that question intensively for the better part of four years, spanning dozens of companies and thousands of sales reps, we have discovered four core insights that have fundamentally rewritten the sales playbook and let B2B sales executives all over the world think differently about how they sell.¹⁰

Prior to the debilitating recession that hit America in 2008 as a result of the subprime mortgage meltdown, solution selling had been the preferred approach used by enterprise, or business‐to‐business (B2B), selling, which includes media selling. The fourth edition of Media Selling, published in 2009, espoused a solutions‐based approach. However, the research of Dixon and Adamson showed that several trends had reduced the effectiveness of solution selling:

      1 The customer burden of solutions

      2 The rise of the consensus‐based sale

      3 Increased risk aversion

      4 Greater demand for customization

      These trends identified by authors of The Challenger

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