How the Idea Survives.

Pushed out of the multiplex by Big Hollywood’s parade of CGI superhero vehicles and gross-out comedy sequels, Little Hollywood – the creators – responded with a creative programming renaissance in cable, OTT and streaming channels.

Pushed off the digital media plan by Big Platforms and the relentless growth and consolidation of Big Programmatic, Little Publishing – our creators – have responded with their own creative programming renaissance.  Custom events, podcasts, influencers, social optimization, content marketing – I’m sure the list of possibilities has grown just since I began this post.  Publishers new and old have become more creative than ever before in all aspects of their businesses.  Except one:  Sales.

Promotional Message:  Tired of the pessimism and helplessness born out of a consolidating digital ad market?  Ready for some actionable strategies and meaningful alternatives to help your team sell more and better?  Our final Seller Forum of 2017 is happening on Wednesday October 11th in New York, and if you lead a sales team and want more from and for them, request your invitation today.

In boardrooms and bullpens all around New York and Silicon Beach, execs at creative companies are scratching their heads, puzzled at why their amazing creative ideas are not fetching the attention and premiums they often deserve.  The answer is deceptively simple:  you are feeding those ideas directly into a transactional ad buying system that was built to manage cost against standardized ad units.   Dress that business up in the language of creativity and ideation – hire gurus, launch divisions – and it’s still the same buyer (with the same calculator) on the other side of the table.

As content and experience have become multidimensional, sales has doubled-down on transaction.  And the results have been predictably underwhelming.  The challenge for the next generation CRO – the “moonshot” of the next 2-3 years – is to reinvent digital and integrated media sales; to make the sales process as intricate and creative as the ideas it represents.  This is going to call for four big intellectual and behavioral shifts:

  1. Embrace enterprise selling. The standard call to “go see the client” is not enough. We need to break out of the advertising channel entirely and sell broader and deeper within the client organization.
  2. Find new budgets. Why do we always start with “the digital ad budget?”  What we do has as much in common with PR, sales promotion, shopper marketing, research, compliance…you get the picture.
  3. Learn to love Scatter. Planning cycles, campaigns and RFPs are looking more than a little tired.  They exist because media agencies need them to exist.  Those who will win are those who will set their own pace and not rely on inclusion in a process that’s getting less relevant by the week.
  4. Think like a producer. The old questions were “How am I going to win a spot in this campaign?” and “How can I sell them this product?”  The new question is “How can I get my project funded?”

Your ideas aren’t the problem.  They just need a new marketplace.

The Client Will See You Now…

The Client Will See You NowOne of the most anticipated and important conversations we’ll be having at the Seller Forum this week will feature marketers from three nationally prominent brands. (Since the Forum is a closed-door, no-press meeting, only those in attendance will hear from these marketers first-hand.) What I want to talk about in today’s post is why top marketers would come to meet with a roomful of sales leaders – because they are the same reasons why they might be likely to open to door to your company. But only if you’re truly ready.

This week’s Drift is proudly underwritten by Krux. Krux helps more than 180 of the world’s leading media companies and marketers grow revenue and deepen consumer engagement through more relevant, more valuable content, commerce, and media experiences. Industry analysts have repeatedly named Krux a leader and visionary in the data management space, citing its agility, innovation, and independence. Download the reports today to learn more.

Let’s start with the reasons why clients have historically not been willing to meet with sellers. Truth be told, our view of client interaction has been fairly unsophisticated. After arguing our case with the agency media planning team – the lower court – we’d try and appeal to the client – the appellate court – to overturn the verdict, essentially asking the client to involve herself in a media planning decision that’s below her paygrade and beneath her agenda. A client – or even someone at a very senior level at an agency – doesn’t care whether one media or tech vendor ends up on a media plan or not. By trying to get them involved in this tussle, you bring them a brand new problem instead of solving an existing one.

So why would a client see you today? And why is today different than days past? Three words sum it up: Data…Creativity….Authenticity.

Data is so pervasive that it can seem like a commodity. But real, valuable, first-party data – and the ability to put it to work for the marketer – are in short supply. Marketers are viewing data through a very sophisticated lens: It’s bigger than advertising, bleeding over into CRM, retailer relationships, localization and more. The marketer will have a smart, future oriented conversation about data with you.

Creativity, also, is scarcer than you think. Sure there are modern day Don Drapers and Peggy Olsons toiling at work stations in agencies. But many of our companies are creating brand new palettes that agency creatives barely recognize. And ‘creativity’ in digital media today has as much to do with anthropology as it does with art. Media companies are simply closer to the behavior of the consumer than either the brand or its agency.

Authenticity is probably the one quality marketers crave above any other. Authenticity is what helps break through the veil of indifference and inattention and makes a brand or product genuinely matter to a consumer. The web is “an embarrassment of niches,” where consumers feel passionate and connected.   I don’t care if you call it content marketing, native, enhanced sponsorship or something else; the challenge is to bring their brand and your user experience together in a way to confers authenticity.

Digital has freed the captive genie from a bottle called “advertising.” Those willing to similarly free their imaginations and agendas from the same bottle will find a willing and open conversation with the marketer.  Just don’t try to fake it.