nrs media radiodays presentation europe 2012

19
Your fastest route to new business is the customer you already have! Rod Power & Laura Lees, NRS Media

Upload: nrsmediaeu

Post on 09-Jul-2015

628 views

Category:

Business


2 download

DESCRIPTION

Rod Power and Laura Lees along with our experienced team of professionals are pleased to share with you our global learning's, case studies, important trends and tactics to achieving your true revenue potential. Our Presentation "Your fastest route to new business is the customer you already have", was presented at RadioDays Europe, in Barcelona on Thursday 15th March 2012. For more information go to www.nrsmedia.com With over 20 years' experience, NRS Media provides powerful and proven sales solutions and strategic plans that have been successfully implemented in 31 countries for over 400 media organisations worldwide.

TRANSCRIPT

Page 1: NRS Media RadioDays Presentation Europe 2012

Your fastest route to new business is the customer you already have! Rod Power & Laura Lees, NRS Media

Page 2: NRS Media RadioDays Presentation Europe 2012

What if we could predict the likelihood

of advertising in a given medium?

Developed by global survey of local direct

advertisers

NRS Media Profiler®

Page 3: NRS Media RadioDays Presentation Europe 2012

Saves time in qualifying

Short-cut to a CPA

Advertising predictor and proposal generator

Improves attendance and closing ratios

NRS Media Profiler®

Page 4: NRS Media RadioDays Presentation Europe 2012

10 20 30 40 50 60 70 80 90 100Source Profiler™ research NRS Media 2011 – 5 countries surveyed

62%

Want better understanding

Page 5: NRS Media RadioDays Presentation Europe 2012

10 20 30 40 50 60 70 80 90 100Source Profiler™ research NRS Media 2011 – 5 countries surveyed

68%

Perception that their sales person does not understand

their advertising

Page 6: NRS Media RadioDays Presentation Europe 2012

Perception of results is what matters

What is your servicing strategy?

Customer service is the biggest driver

Page 7: NRS Media RadioDays Presentation Europe 2012

Step 1: What losing clients is costing you

a) Your local direct advertising budget €2,000,000

b) Your current local direct attrition rate as a % 30%

c) Multiply (a) x (b) to give minimum new business target €600,000

What Customer Service is worth

Step 2: How much you could save

d) Divide attrition figure (b) in half 15%

e) Multiply by your local direct budget (a) €300,000

Step 3: How much you could add with better up-sell

f) Multiply (c) by 15% €90,000

Step 4: Total Revenue you can add

d) Add (e) and (f) together €390,000

Page 8: NRS Media RadioDays Presentation Europe 2012

NRS Media’s Client Services

Laura Lees, Client Services Director

Page 9: NRS Media RadioDays Presentation Europe 2012

FINDING #1: The skills required to win are completely different to those needed to keep and grow.

Page 10: NRS Media RadioDays Presentation Europe 2012

FINDING #2: There is no structure to the client service process.

• Framing up service call • Documentation or guides

Page 11: NRS Media RadioDays Presentation Europe 2012

FINDING #3: Lack of sophisticated questioning techniques

• How’s Business? • How is everything going? • Are you happy?

Page 12: NRS Media RadioDays Presentation Europe 2012

FINDING #4: No one understands the client’s expectations Challenges:

• Keeping them • Managing unrealistic

expectations

Page 13: NRS Media RadioDays Presentation Europe 2012

FINDING #5: No emphasis is placed on Up-sell

You can only manage what you measure

Page 14: NRS Media RadioDays Presentation Europe 2012

FACT #6: There’s a willingness to learn

Page 15: NRS Media RadioDays Presentation Europe 2012

• Training to up-skill

• Client Service material

• Dual Calling – on going support

• Tracking/monitoring/evaluating systems

• Up-Sell strategies

Recommendations

Page 16: NRS Media RadioDays Presentation Europe 2012

Client Service:

It won’t fix itself

Page 17: NRS Media RadioDays Presentation Europe 2012

Questions?

Page 18: NRS Media RadioDays Presentation Europe 2012

For more information

• Visit us today at our stand

• Visit our website www.nrsmedia.com

• Give us your business card

Page 19: NRS Media RadioDays Presentation Europe 2012

Thank You