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I had a conversation last month with the programming director of a radio station in Boston. He was complaining about how difficult it is to convince companies to advertise on his station.
“Why is it so tough?” I asked.
“Because we have no way to document how many people actually hear the ads we are trying to sell,” he replied. “So when a company advertises with us, they have very little idea what they are buying. There’s a missing link in our business, which is the direct and measureable connection with listeners. Cable TV has it, the Internet has it, but we don’t.”
He went on to describe all the tactics his station uses to try to create that link. He runs contests to get people to visit his station’s Website and join a listeners’ club. He does phone surveys. He conducts focus groups of his listeners. He urges advertisers to include toll-free numbers in their radio ads, so they can measure customer response. He does everything that any radio station manager could do to gather statistics that would help sell ads. But with nothing but empty air between him and his listeners, it was a pretty tough sell.
This guy is working really hard to use all the tools that are available to him. That got me thinking about business people I know who, unlike him, have tons of advanced marketing tools at their disposal - but who never take advantage of them.
I know an Internet retailer, for example, who never monitors site traffic or takes any steps to increase it. She has hundreds of diagnostic tools at her disposal for monitoring and increasing sales, but doesn’t use them.
I know a retailer who has inventory-tracking systems in place in his stores, but who never takes the next step of using that technology to measure customer response to his advertising and marketing efforts.
Both those people have tools at their disposal - advanced tools that would be the envy of that radio-station manager - but they just don’t use them.
So, are you lazy about maximizing the way you use technology in your business? If so, technology is not your problem. You are the missing link between your company and your customers. Maybe it’s time to take a new look at all the available marketing tools you aren’t using and to add the advanced marketing skills that can help you get the job done.
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6 Comments Post a comment
Missing Link is inevitable in some service sectors, especially on traditional broadcast sectors. For example traditional radio services, there is really no way to measure the exact number of its listeners. It does not mean they don't have listeners. It will all depend on how radio station can sale to its prospective advertisers.
In marketing, its not only the technology and not only even marketing skills matter. It is the market itself matters a lot. In fish market, people don't go for shopping clothes. Knowing the right market for right product and services is the major challenges for companies and marketers.
Rajesh Shakya
http://www.rajeshshakya.com
Helping technopreneurs to excel and lead their life!
The greatest business advice I've ever heard.
Simple. Divine. Lovely. Friendly .
Heart.
I*m not the missing link of a veery important skyradio, you?!
a.s.a.p. will tell you the story, is a lovely one and i would like to know the comments from another perspectief
live: video did*t kill the radio :)
have a great day,
Daniela
Great column and words of wisdom! I've been researching marketing methods for my new business venture, and as a startup, I can tell you every penny counts! Those missing links of reporting and statistics are so important, and they are definitely part of what makes internet advertising and marketing so attractive for most businesses.
Thank You
Lisa Merritt, President
www.lockboxdeals.com
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