helping advertisers understand the importance of marketing ...helping advertisers understand the...
TRANSCRIPT
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Helping Advertisers Understand the Importance of Marketing Amidst COVID-19Presented by Ryan DohrnFounder, Brain Swell Media
@RyanDohrn - 360AdSales.com - [email protected]
© Brain Swell Media, LLC – All rights reserved. This presentation may not beduplicated or used in any form without permission.
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N A T I O N
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Over 500 magazine and newspaper titles.
Over 20,000 ad sales reps trained in 7 countries.
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When times are good you should advertise. When times are bad you must advertise.
@RyanDohrn - 360AdSales.com - [email protected]
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Powerful words being used… Pandemic, epidemic, crisis.
@RyanDohrn - 360AdSales.com - [email protected]
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This situation is real and is fluid. Downplaying it makes you look foolish. Helping our advertisers is the goal.
@RyanDohrn - 360AdSales.com - [email protected]
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https://www.cdc.gov/media/index.html
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COVID-19 MarketingRule #3: Learn to sell to the three types of crisis base advertisers.
@RyanDohrn - 360AdSales.com - [email protected]
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Three Main Types of Crisis Involved Advertisers:
1. Slam on the brakes2. Wait and see3. Carpe Diem
@RyanDohrn - 360AdSales.com - [email protected]
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1. Slam on the brakes- No logic all emotion
2. Wait and see- Emotion and logic
3. Carpe Diem- Ego backed by logic
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Take the 3x3 challenge.
3 categories3 advertisers per category that are Carpe Diem oriented.
@RyanDohrn - 360AdSales.com - [email protected]
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@RyanDohrn - 360AdSales.com - [email protected]
Insurance Banks Doctors
John Doe Julie Bryant Dave Rex
Ryan Frank Sunny Jackson Andre Smith
Renee Zeal Rhonda Wayne Tammy Bruce
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COVID-19 MarketingRule #4: History is a GREAT teacher.
@RyanDohrn - 360AdSales.com - [email protected]
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@RyanDohrn - 360AdSales.com - [email protected]
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@RyanDohrn - 360AdSales.com - [email protected]
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@RyanDohrn - 360AdSales.com - [email protected]
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Since 1952
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McGraw-Hill Research analyzed 600 companies covering 16 different industries from 1980 through 1985.
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1990 Recession Marketing Spending
TOTAL SALES
-28% +61% +40%
source: https://www.google.com/amp/s/www.forbes.com/sites/bradadgate/2019/09/05/when-a-recession-comes-dont-stop-advertising/amp/
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2008, New pizza recipe.
2008 Great Recession Marketing Spending
2008, Raunchy kitchen video goes viral
+100% +100%
+Profits & +Market Share
+Market Share
@RyanDohrn - 360AdSales.com - [email protected]
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But wait Ryan… in the recession business owners were not FORCED to shut their doors.
@RyanDohrn - 360AdSales.com - [email protected]
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COVID-19 MarketingRule #5: Help Advertisers Define or Re-Define Their Customer Base.
@RyanDohrn - 360AdSales.com - [email protected]
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Consumers are restless and looking to make changes in their buying decisions.
@RyanDohrn - 360AdSales.com - [email protected]
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Mrs. Advertiser… Our goal is to not only help you survive this situation, but we hope our partnership will help you thrive when this situation subsides.
@RyanDohrn - 360AdSales.com - [email protected]
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Mrs. Advertiser, First let’s focus on your current customers:
1. Ads to showcase changes2. Ads to drive loyalty3. Ads to show community support4. Ads for home delivery/pick-up5. Ads for shop online
@RyanDohrn - 360AdSales.com - [email protected]
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Free eCommerace for small biz:
Stripe.comSquare.comPayPal.com
They make money from credit card processing.
@RyanDohrn - 360AdSales.com - [email protected]
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Source: http://www.invespcro.com/blog/customer-acquisition-retention/
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Who was your customer?Who do you want to be your customer?How has COVID-19 changed that customer?How has COVID-19 changed their ability to work with you or buy from you?
@RyanDohrn - 360AdSales.com - [email protected]
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Ads from folks that do not normally advertise:
1. Ads to drive T.O.M.A.2. Ads to feature ecommerce3. Ads to show community support4. Ads for home delivery5. Ads for pick-up
@RyanDohrn - 360AdSales.com - [email protected]
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Travel and Tourism:
Help redefine their audience to one tank trips or staycations for locals.
Parks/Rec/Monuments/Outdoors
Activities for just the family like Jeep rentals or ATV
Booking way out.
@RyanDohrn - 360AdSales.com - [email protected]
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@RyanDohrn - 360AdSales.com - [email protected]
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COVID-19 MarketingRule #6: Separate Legit Advertiser Concerns From Others
@RyanDohrn - 360AdSales.com - [email protected]
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2 sides to the COVID-19 situation…
1. Legit advertiser concerns.
2. Those looking for any excuse to cancel.
@RyanDohrn - 360AdSales.com - [email protected]
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Ryan, I have advertisers that say they cannot pay their employees. Now what? - Coming up next…
@RyanDohrn - 360AdSales.com - [email protected]
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Critical question #1: What is your strategy for being in business at this same time 6-months from now?
@RyanDohrn - 360AdSales.com - [email protected]
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Critical question #2: What plans can I help you put in place to help your business thrive after COVID-19?
@RyanDohrn - 360AdSales.com - [email protected]
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COVID-19 MarketingRule #7: Handle objections with a process not your wits.
@RyanDohrn - 360AdSales.com - [email protected]
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How to handle most objections related to this crisis.
1. Empathize without debate or emotion.2. Present historical marketing facts.3. Present your ideas for the advertiser.
@RyanDohrn - 360AdSales.com - [email protected]
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1. Empathize without debate or emotion. Jill, I understand your concerns. Our goal is to not only help you survive this situation, but we hope our partnership will help you thrive when this situation subsides.2. Present historical marketing facts. Jill, during past simliar situations, we have observed that it is almost always more cost-effective to stay the course than shut off the marketing faucet and try and catch up later. 3. Present your ideas for the advertiser. I have some ideas for changing your ad copy that could help drive traffic to your online shopping cart.
@RyanDohrn - 360AdSales.com - [email protected]
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Ryan, I have advertisers that say they cannot pay their employees. Now what?
@RyanDohrn - 360AdSales.com - [email protected]
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Add comfort to the conversation… we have 135 advertisers. Only 3 have made dramatic changes to their marketing plans.
@RyanDohrn - 360AdSales.com - [email protected]
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COVID-19 MarketingRule #8:Don’t Cut Ad Budgets Just to Cut.
@RyanDohrn - 360AdSales.com - [email protected]
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It is far cheaper to protect your turf than to play catch-up. Once you get 3-5 laps down, you have lost the race unless…
@RyanDohrn - 360AdSales.com - [email protected]
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Helping Advertisers Understand the Importance of Marketing Amidst COVID-19Presented by Ryan DohrnFounder, Brain Swell Media
@RyanDohrn - 360AdSales.com - [email protected]
© Brain Swell Media, LLC – All rights reserved. This presentation may not beduplicated or used in any form without permission.