The Radio Industry has had its share of problems over the last few years. Hundreds, maybe thousands of articles, reports and stories have been written about radio’s sad economic state. Through it all there are still innovative companies, radio stations and managers who are managing to thrive in a challenging economic environment.
I reached out to radio station managers who are doing a strong job of weathering the storm.
In Philadelphia, I spoke to Paul Blake, VP of Sales for the Greater Media Cluster-WBEN-FM, WMGK-FM, WMMR-FM, WNUW-FM and WPEN-AM. Paul was very generous in sharing his stations’ ideas, strategies and tactics for generating revenue in today’s economic climate.
How’s business at your radio station/cluster?
Paul Blake: Although the economy is currently challenged, key customers are looking for innovative ideas and integrated marketing programs. Customers are still spending money. However, they need to be more judicious in how and where they spend it. In addition, they need to know that their investment will achieve results from the campaign.
What steps have you taken to be more accountable to advertisers?
Paul Blake: One of the commitments that we’ve made is that every key account will receive a post-campaign marketing analysis on a quarterly basis. We feel that taking accountability for the advertising/marketing program will create an open dialogue for improving future performance or building upon the great results we’ve achieved.
What day-parts, programs and/or personalities deliver the best results?
Paul Blake: At Greater Media, we believe in local on-air talent and content. The relationship that our personalities have developed with listeners is a powerful combination for advertisers. Surrounding the consumer with a single powerful message yields the greatest results. Many tools are available to achieve ROI: digital applications on the web or mobile devices, testimonials, webisodes, event marketing, various length commercials, etc.
What are you doing differently to drive revenue?
Paul Blake: We continue to develop the “total client” approach. By tapping into various client budgets, we have the ability to positively affect their business in many ways. We can help customers with recruitment, public relations, event marketing, sports marketing, community affairs, sales goals, and, of course, marketing & advertising.
What are you doing to secure your relationships with your key accounts?
Paul Blake: We remain committed to growing our key accounts’ business as our primary goal. We remain focused on their consumer and what they want their consumer “to do” or “to believe.” Our primary goal is to create programs dedicated to their needs and then, ultimately, be accountable for the results. Our pledge is that every key account will receive a custom-generated idea each quarter with a follow-up analysis of the program.
What are your top account categories?
Paul Blake: We see growth in the wireless category and banks/financial institutions in Philadelphia. In addition, home improvement is growing.
What are your customers asking for?
Paul Blake: Innovative concepts that drive results.
What’s the single most important practice you preach to your sales staff?
Paul Blake: Focus. Remain focused on providing great ideas to your best clients and target the best opportunities for growth. Although many radio companies have a multitude of tools, we must remain committed to filling the needs of the client with the tools as opposed to force-feeding the tools upon them.
Obviously, Paul and the team at Greater Media Philadelphia have their focus on keeping the customer satisfied. Don’t be shy about asking for the same level of service from the radio stations where you buy time.
Vince Raimondo, Vice President of Marketing