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June
2001
Strengthening
Client Relationships Service without the Sale, Sells
Making calls with a member of the market research staff is an
excellent way for account executives to distribute and explain
new research information to clients. It can also improve and build
upon the relationship...both external and internal*.
In
recent Belden advertiser studies among retail and classified advertisers,
we have found that about one of ten had contact with the market
research staff in the past six months. Among those, the majority
of advertisers (six of ten) said the contacts in market research
were helpful in building their business.
The
conclusion is clear - research sells!
To
extend research "reach," many papers create market books
to provide readership information and to capture and convey both
general and category specific research about their market that
can be a wonderful tool.
As
an example, one of our talented new assistant project directors
was responsible for employment classifieds while with a major
metropolitan daily. Classifieds were facing tough times and seeking
ways to maintain and strengthen the category. A market book was
designed to focus specifically on the employment market and the
employment sections and products. Plans were laid out to promote
the new book and to inform clients of what they had to offer.
*Not
only does such an initiative help customers, but has plenty of
"team" building, more heads-are-better-than-one value
internally. In smaller markets (no research department), the simple
sharing of NEW information relevant to the customer has value
- it lets them know you CARE!)
Here
are the basic steps she followed:
Up Front Planning in Creating the Market Book: Worked closely
with the employment classified advertising director and sales
managers to define clearly what advertisers and agencies regularly
asked about regarding the employment market. What common questions
from clients do sales managers and inside and outside account
executives get on a regular basis that they cannot answer?
Internal
Selling: Once finished, a "training" session for
the entire classified employment staff explained the research
highlights. Case scenarios were provided for account executives
to help understand differences in the book that would strengthen
their case while selling employment products.
External
Selling
Outside Account Executives: Sales managers created lists
of various advertisers and agencies they wanted to contact. A
presentation was designed combining general employment market
information, highlights of the market book and information about
classified employment products.
Inside
Account Executives worked with the sales manager to decide
on a target list for distribution of the books by mail. They also
had a very short presentation highlighting various key points
of the book.
The Call with the Market Research Analyst and the Account Executive:
The account executive set up appointments with the target
list of clients letting them know the nature of the call and explaining
to the client that we have new information tailored to their needs.
During the sales call, research information was presented and
afterwards the account executive discussed any outstanding issues
regarding current or future buys and informed the client of special
sections and new products to come.
Most of the advertisers or ad agencies were delighted with the
information and seemed to feel good so much time was taken not
just to sell them something, but also to provide useful information.
While
not directly involved in the sales process, plenty of anecdotal
evidence was encountered - ads from contacts made! - that such
calls were worthwhile. In many cases, there were even requests
for more research - music to everyone's ears!
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