How to sell online advertising

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but I’m completely lost. Yes! I want to sell online advertising… © 2010 Carol Doane By Carol Doane @TheClassicCarol 360Convos.blogspot.com

description

Presentation for newspaper sales reps that offers basic concept and tools to introduce both print reps and customers to online advertising.Includes research on results of advertising online, professional and consumer media choices, percent of overall budget to allocate to online, value of a click thru, the loss of not selling available inventory, sell online like an insert, and basic advice for media sales representatives.

Transcript of How to sell online advertising

Page 1: How to sell online advertising

but I’m completely lost.

Yes! I want to sellonline advertising…

© 2010 Carol Doane

By Carol Doane @TheClassicCarol360Convos.blogspot.com

Page 2: How to sell online advertising

Secret codes:URL, SEO, SMS

Odd terms: optimization, widget, rails, flash, analytics, impressions, views, hits, tags

I don’t get it

© 2010 Carol Doane

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Print is easy

Advertisers understand the benefit of print because they’ve used it and it’s worked

© 2010 Carol Doane

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Print is stable

Advertisers can hold the newspaper in their hands, touch their ad, and the ad never moves off the page

© 2010 Carol Doane

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Sales reps stay focused on primary products, bundle online with print, or use it as value added

The known zone

© 2010 Carol Doane

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The terminology may not be second nature, but unless you move forward, you’re locked in with few choices

Unknown Zone

© 2010 Carol Doane

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You’re trapped in a tower, you’ll be there for a longtime. You can have only one media. Which one would you choose:

Imagine

© 2010 Carol Doane

RadioTelevisionCell phoneNewspapersKindle with unlimited booksComputer with internet access

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Maybe you didn’t

choose internetBut a majority of your customer’s prospects did

They wouldn’t want to live without it

Can your advertisers afford to create marketing campaigns without online?

© 2010 Carol Doane

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They purchase when they perceive real value

They rely on you to present the options and communicate that value

Clients survive

with good

strategy

© 2010 Carol Doane

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Online advertising is still confusing—to me and the customer

And nobody knows if it works

(Nobody?)

But, just wait

© 2010 Carol Doane

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I want to know. Do online ads work?

© 2010 Carol Doane

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Research: comSCORE

and dunnhumbyUSA

via Media Week

Yes.

Online advertising boosts retail sales an average of 9%

http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=111796

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Research: Brandweek

Professionalsmaking advertising decisions chose:

Internet 92%Print 88%Radio 46%TV 46%Cell-phone ads 39%

http://www.brandweek.com/bw/content_display/esearch/e3ieb7c1fa39769124d8385a7ece182572b

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Survey: Arbitron, Edison Media

When given a choice, 42% of consumers chose the Internet as "most essential"

http://arbitron.mediaroom.com/index.php?s=43&item=682

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What percentage of the marketing budget

should be invested online?

© 2010 Carol Doane

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Study: Cross Media Optimization

10-15% of an advertising budget should be allocated for online

http://www.mediapost.com/publications/index.cfm?fa=Articles.showArticle&art_aid=8067

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I know how to sketch a print ad.

How do I conceptualize an online ad?

© 2010 Carol Doane

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Sketch out several frames

Storyboard it like a movie

Create an ad of moving images that communicate the customer’s message

© 2010 Carol Doane

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My Customer complains he’s not getting

enough click thrus

© 2010 Carol Doane

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comSCORE and Publishers Association

80% of display clicks come from only 16% of internet users

Web users who are younger and lower paid

http://www.online-publishers.org/media/1059_W_TheSilentClick_OPA.pdf

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comSCORE via Greg Stuart, CEO of IAB

Those who viewed but did not click drove the majority of sales

Clicks don’t measure the cumulative impact

http://www.slideshare.net/gregstuart/intro-to-online-advertising-greg-stuart

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Anything else?

© 2010 Carol Doane

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Yes. We’re going to have to go video

“The one big shift in the next three to five years is going to be video advertising”

http://www.reuters.com/article/idUSTRE5B13VF20091203

Nikesh Arora, Google Global Sales via Reuters

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Yeah

Video?

© 2010 Carol Doane

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And all those things that haven’t been invented. . . yet

Oh, and next is mobile

© 2010 Carol Doane

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It’s constantly bombarded with new concepts. Evolving.

Grab the opportunity to excel. . . now

This isn’t a static world or career

© 2010 Carol Doane

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Study

Practice

Learn

Practice, again

Plan your strategy

© 2010 Carol Doane

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If they say “No,” you lose small dollars, but you gain experience

Start with small customers

© 2010 Carol Doane

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Go after the ‘big fish.’

When you feel confident

© 2010 Carol Doane

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You’re talking to the real decision maker

Just make sure

© 2010 Carol Doane

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Are just like disappearing air time

Because unsold online ads . . .

© 2010 Carol Doane

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There is no second chance to recapture that page view

It’s lost opportunity

Once an online visitor has left

© 2010 Carol Doane

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Identify if the campaign is branding or call to action

Create a storyboard

Choose locked position (guaranteed) or roaming position (ROS)

Selling online is basic

© 2010 Carol Doane

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As if you were selling inserts into the paper

Minimum per day

Pulse don’t dribble

Sell enough to be effective

© 2010 Carol Doane

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Say, “Tell me about the success of your advertising campaign”

Know what is working, adjust what isn’t, secure testimonials

Market yourself after the sale

© 2010 Carol Doane

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Learn new terms

Practice

Improve your presentation

Never stop

Be a media pro

© 2010 Carol Doane

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Start, today

Go, team!

© 2010 Carol Doane

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Carol [email protected]: @TheClassicCarol

Thank you

© 2010 Carol Doane