The Drift

The Drift

Better than the Market.

Perhaps you’re freshly back from Cannes or already have a half dozen industry conferences behind you this year. In those environments you’re trying to make the market better for your sales team: Frictionless buying, data standards, uniform measurement and making sure your offerings fit in with the most recent agency/holding company data/buying mousetraps. Over time, if you’re successful, demand will improve: the market will get better, and budgets will grow.

But there remains an unanswered question: how will your team be better than the market?

In the dozens of sales team workshops and scores of manager coaching calls I’ve done this year, I consistently hear they cut the budget, they’re only buying lower funnel, and they’re not buying our category right now. I’ve heard economic trends, oil prices and even crop yield as justifications for missing numbers. Seller energy is spent on lobbying for new accounts or smaller numbers, because the market just won’t allow them to sell what’s expected.

Completely unreasonable goals and unreasonable management are, of course not OK. But questioning the premise above is quite reasonable. Selling is about the strategies, efforts and execution to be better than the rest of the market.

Some ideas:

6-6-12: Every seller should have a strong six-week agenda for competing for already-budgeted campaigns. But she should also spend time every day on her six-month agenda: how she’ll proactively drive unique demand for your products and services. And some time every week on the structural and long-range stuff that will play out over 12 months with key accounts.

Diversification: If you only ever talk to investment and media – on the agency or client side – you’ll only ever discuss price/value and features. Brand, strategy, planning, centers-of-excellence, shopper marketing, regional and local spending… these are the seedbeds for incremental demand, ideation and budgets.

Depth: Don’t go to the people noted above with the same case you bring to the investment team. Learn something about the customer’s calendar and what geography they need to support. What are they doing in local broadcast? What new products or line extensions are they launching? Who is their chief competitor? If your only expertise and knowledge are about the ad sales business, you are a sitting duck.

Diagnosis: Always have a solvable customer problem at the top of every customer conversation, every meeting, every time. In our foundational sales training program, Leading with Needs, we call this the diagnosis, and it challenges us to make it about them, not just the stuff we have to sell.

The next time a seller says They’re not buying us or The budget parameters have changed, I hope you’ll ask, So what’s your plan? Where else do you plan to look? Who else can we approach on the business? Or What else might you try?

If you’re collectively unsure where to start, I know a group that can be of help.


More Posts

Flash Nerds.

Michael Lewis's new book "Flash Boys: A Wall Street Revolt" tells the true (and, unfortunately, legal) story of Wall Street technology companies who discovered ways to see demand milliseconds before others…


The Media Agency: Life After Leverage

Agency business veteran Mike Drexler said a mouthful in his column on MediaBizBloggers.com recently. In just a few hundred words, Mike encapsulates many of the trends and issues that are "Turning the Advertising…


The Five-Year-Old is Back!

I'm on a short vacation this week, so I'm queuing up one of the most popular posts of 2013. Enjoy. The next time you're preparing for a meeting with a prospective customer (polishing the slides, queuing…


The Great Budget Chase.

Since The Drift is primarily aimed at the sell side of our industry, I tend not to get very many comments from ad agency execs. But I'm hoping what I write today will ring true with agency leaders and…


Say the Words.

Here's an exercise you can do with your team that will start to immediately improve the situation. As your sellers prepare to go on their next sales calls, ask Exactly what are we asking this customer to do? and What's the specific price tag or estimate you're going to give them? Now sit down across from your seller and role play: have them ask you for the order in the exact words they would use with the client. Is this going to be an uncomfortable moment? Absolutely. But if they can't say the words to you, they damn sure can't say them to the customer. Comfortable, inconclusive meetings are a luxury you can no longer afford. Ask your sellers the hard questions today so they can start asking your buyers hard questions tomorrow


Fool's Gold.

April Fools day had always been such a kick. A little fun and whimsy to break up the late winter gloom. But now, today, it's just another day. No fun and brightness, just more gloom. You see, today, April…


The Wolf of Madison Avenue.

Back on February 10th I wrote a post from the floor of the IAB Annual Leadership Meeting all about "The F Word." That F Word, of course, being "Fraud." Seemingly out of nowhere, the topic came to dominate…


How We Interview...and Why It Sucks.

Seek Beliefs and Core Values: The best hires and most-durable employee relationships are always built on the overlap between what a candidate believes and what the company stands for. But we learn very little about what our candidates truly believe because we don't ask.


The Four Letter Word.

Now that I've got your attention, let me call out the four letter word that divides us, pollutes our business relationships and stymies our strategic thinking. While it may seem innocuous at first, in…


Town Meeting Day.

Today, March 4th, is very special. As my friend Cecilia Lang of the Washington Post reminded me, it's the only day of the year that's actually a command - March Forth! - which I now like to interpret as…


Stream On.

In late 1995, Yahoo! had just been born and mobile phones had recently shed their pull out antennas. I'd been selling digital ads for just over a year at that point and was being courted by a small MIT…


Six Questions: Wenda Harris Millard

Wenda has been my client, collaborator and friend for nearly 20 years, and is one of the most connected and influential people in the world of digital media, marketing and technology. As President and…