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Posts in Strategy for Ad Sales

07
May
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Digital technology is causing significant change in the way publishers manage magazine ad sales. The good news: the benefits that attract advertisers to digital can cross media and support print ad sales as well. Digital content allows for consumption in a variety of convenient formats—websites, mobile apps, digital issues, and e-newsletters among them—and the medium provides always-available access. Still, these advantages alone may not be what make the digital platform appealing to advertisers. By recognizing the full value of digital, print magazine ad sales can mimic several of its most important features. Show Advertisers Results Digital magazine ad sales offer a variety of revenue …

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16
Apr
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Non-Dues Revenue: A Strategy for Associations

posted on April 16, 2015 / 0 Comments

Membership dues alone are not enough to sustain and keep most associations afloat. At best, they average only about 39% of total revenue. If your organization has come to this realization and you are seeking some alternatives, non-dues revenue might be worth a consideration. Non-dues revenue (NDR) is generated by the association through means other than membership dues. Increasingly, associations are opting for NDR as an alternative or supplemental business model. For organizations, relying solely on membership dues for revenue ultimately becomes a catch-22: revenue generation increases your ability to build membership, but large membership builds revenue from dues. Associations are now …

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10
Dec
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Using Digital to Sell Offline Association Sponsorships and Ads

posted on December 10, 2014 / 0 Comments

  Some see the growth of digital as a killer of traditional ads. Much to the contrary, they actually offer yet another way for association and B2B publishers to promote their organizations and earn non-dues revenue. It also offers a great way to promote your offline marketing events and publications with cross-media integration What Is Cross-Media Integration? Consumers are surrounded with marketing messages. The number ranges anywhere from 5,000 to 13,000 messages per day depending on your source. With so many messages, marketers have gotten pretty adept at tuning them out. For a marketer to stand out, it is necessary for them to …

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24
Sep
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One of the most important decisions in establishing a digital ad sales program for your association is how to price your inventory. The model that you use will impact how attractive your publication is to advertisers as well as how much non-dues revenue you will be able to generate. Associations tend to steer away from selling ads on a pay-per-click (PPC) basis, and as an advertising sales agency, AdBoom typically recommends that clients avoid this model as well. Here's why. The Problem with Pay-Per-Click In PPC, you only receive revenue when a reader of your digital publication clicks the advertisement. The assumption is …

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11
Feb
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Shark Tank Tips for Your Ad Sales Pitch

posted on February 11, 2014 / 0 Comments

When it comes to ABC’s show “Shark Tank,” this writer confesses to being late to the party. I only began watching this season and I’m hooked. (Get it, hooked). Bad pun aside, the show provides an excellent primer into business subjects like marketing, pitching, funding, and the benefit of strategic partnerships. It’s also a lot like pitching ad sales to potential clients. Like the entrepreneurs on the show, advertising sales representatives generally have a short time to make a big impression. They’re going to have to be passionate, but prepared to answer tough questions about the product and its value. There …

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08
Jan

Ad Sales Tip #1: Introduce to Impress

posted on January 8, 2014 / 0 Comments

In sales, perhaps more than any profession, first impressions can make or break your potential to get your desired outcome. A client’s initial reaction to seemingly minor things, like your body language, can peak their interest or scare them off. It can build your credibility or make you come off as sleazy and untrustworthy during your ad sales presentations. It can get you closer to earning your next ad sales client or closer to the front door. Here are a few of our suggestions for making introductions that impress: Show the gatekeeper some love: The receptionist or assistant to the decision maker wields power often underestimated with …

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11
Dec
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Strategies for Overcoming Common Sales Objections

posted on December 11, 2013 / 0 Comments

As usual Zig Ziglar got it right. There are really only five basic reasons your prospects aren’t buying print or digital ads: need, money, hurry, desire, and trust. If you don’t land a sale, you have not successfully overcome one of these common concerns. Can your ad sales team effectively counter each of these sales objections? Great comebacks won’t win them all, but refined lead generation and qualification can filter out the best ad sales prospects and increase results for your efforts. Know your ideal client and tailor responses and marketing to them. Here are some strategy suggestions for overcoming basic sales objections: Need: When money is tight, …

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09
Oct

Mobile must-haves for your ad sales presentations

posted on October 9, 2013 / 0 Comments

It happens to the best of us. Few things are scarier for an ad sales rep than being caught totally unprepared for your ad sales presentations. Perhaps you forgot your laptop in the car that is at the shop being repaired this week, grabbed the wrong presentation materials rushing out the door, or you happen upon a great lead on the train ride home. These incidents don’t have to thwart your chances for getting the sale. In fact, played correctly, this can show your potential client-to-be how well you work under pressure. Your smartphone or tablet armed with the right …

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01
Jun

Tips from Dad for Being a Better Ad Seller

posted on June 1, 2013 / 0 Comments

Fathers teach us a lot as we grow up. We've found that the same life lessons we learn from Dad can actually be quite useful when it comes to our work as an ad seller. Look out for the best interest of our clients and advertisers. We think it's essential to consider the real value that we are creating. In a previous post ("Is Your Advertising Representative Thinking Long-Term?"), we talked about thinking strategically and not just transactionally. Just like Dad looked out for us, we think it's our responsibility to look beyond the short-term win. Pay attention to what clients need. Time, attention, …

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01
May

Is Your Advertising Representative Thinking Long-Term?

posted on May 1, 2013 / 0 Comments

During an early season episode of Mad Men, John Slattery’s character, Roger Sterling, offered this advice about business: "I don’t know if anybody’s ever told you that half the time, this business comes down to 'I don’t like that guy.'" The same wisdom applies to your advertising representative's approach to prospective ad sales. Part of AdBoom Advertising's work in advertising sales representation is to show why your ad products have greater value and offer greater opportunity. Often, however, the differentiating factor that helps companies sell ads better is the relationship between the advertising representative and the prospects. Top-performing salespeople understand the difference between …

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