Here
Shweiki Media Printing Company teams up with John Lawo, Jr., president of
Magazine Media Strategies, Inc., to present a webinar on the pros and cons of
using internal sales vs. external representatives.
(To
avoid any confusion, in-house sales staff will be called "staff," and
external, independent ad sales representatives will be referred to as
"reps.")
Advertising revenue is the lifeblood of magazine publishing, and
advertising salespeople are among the most valuable employees at a publishing
company because it is their job to obtain that revenue.
How one structures his or her sales department can be a difficult and critical decision for the success of a business. It is a decision that should be made with the following assumptions about one's business in mind:
• The business has a completed budget, and one knows what it can afford
for ad sales and what is most economical.
• The business must compete with other media for ad dollars.
• In-person contact with advertisers and prospects is necessary.
Whatever business structure is chosen, one should remember that control and market position are key concerns. There are three directions one can go when it comes to forming a sales team: all reps, all staff, or a combination of the two.
Internal Staff Considerations
There are a number of internal factors that come into play when building an ad salesforce:
• Competitive Position: The competitive position of a business determines
the time and effort reps will put in because it affects how they are paid. The
strength of one’s competitive position can determine whether one should use
internal staff or outside reps. If a business has a strong competitive position
at or near the top of the market, then one should consider reps and staff
equally. If position is not so strong, then one should stick with the internal
staff.
• Compensation Structure: The important things to remember about
compensation structure are maintaining control over sales costs, regardless of
structure, and knowing costs involved with all combinations of reps and staff.
• Specialized Content: One should think twice about whether specialized
training is necessary for the sales team. If subject matter and content of
media are of the specialized nature, such as technical content, then it would
be prudent to provide specialized training beyond the basic principle of
selling.
• Management: Management is more about what one is personally comfortable
with. If managers are more controlling, it is best to go with staff, but if
they are comfortable with some distance between the "front lines" and
"home base" then they should be able to work well with reps.
• Location and Territory Size: Larger media centers like New York City or
Chicago have convenient access to pools of talent located internally and
therefore should use more of their internal staff. If located in a smaller
territory, it might be better to consider external reps. It’s also important to
consider the number of ad agencies involved and the number of individual
accounts there are to cover.
External Rep Considerations
Here, are some external factors one should consider when structuring a salesforce:
• Location and Territory Size: This is a mutual consideration and follows
the same guidelines as stated above.
• Experience and Reputation: One should hire reps they would want on their
own staff, because these reps are representing the business. Reps are the face
of the company, and clients and potential clients will likely make impressions
about the company and the manager based on the rep. One should hire with this
in mind.
• Management and Operation: It’s important to make there is a shared
cultural approach to selling and a dedication to good business principles. It
is important for everyone to be on the same page about the direction the
business needs to go and that brands are being sold in the same way.
• List of Accounts: Be sure that brands "fit" with reps' existing accounts. No one wants salespeople handling competing brands at the same time, so one should be aware of other positions reps are holding.
Click here to watch the webinar now!
Shweiki Media's mission has always been to help publishers improve by providing the most profitable, hassle-free printing experience possible. This includes guaranteeing the highest quality product, exceptional customer service, world-class communication, an on-time guarantee, and no surprises--whether printing magazines, postcards, flyers or anything else.
As a printer and publisher, Shweiki Media also believes that this hassle-free experience includes making their clients better. Utilizing relationships with industry experts, Shweiki Media strives to educate clients and help them thrive in the exciting world of publishing--while having lots of fun along the way!
For more great info from and about Shweiki Media,
please check out our blog at shweiki.com/blog (and sign up for our FREE weekly expert webinars!), and subscribe to our Youtube Channel at
youtube.com/shweikimedia. You can also follow us @ShweikiMedia and
"like" us at Facebook.com/shweikimedia.
One of the most important skills for any creative entrepreneur and business owner to possess is hte ability to communicate a message through clear and effective copy, while poor copywriting can drive away potential clients, customers and partners ...
Released On: 5/6/2015
Views: 12701
Shweiki Media is pleased to announce that that they will be combining their printing prowess with their love of animals to serve as the print sponsor for Emancipet's Anniversary Luncheon on May 11th. For 16 years Emancipet has been keeping pets h ...
Released On: 5/4/2015
Views: 12890
When conducted correctly, surveys have the ability to effectively generate leads for companies and dramatically increase revenue. Here Shweiki Media Printing Company teams up with expert Matt Coen of Second Street Promotions Lab to present a must ...
Released On: 5/4/2015
Views: 12366
One of the most important skills for any creative entrepreneur and business owner to possess is the ability to communicate their message through clear and effective copy, while poor copywriting has the potential to drive away business and potenti ...
Released On: 4/23/2015
Views: 10113
Timed perfectly with this week's Google algorithm update, Shweiki Media Printing Company teams up with Alicia Lawrence of WebpageFX to present a webinar detailing the ways that one can ensure their website is mobile-friendly--therefore giving the ...
Released On: 4/20/2015
Views: 12159
When it comes to sales, content is key, and in many cases, quality content can even do the work of an actual salesperson, building trust and persuading customers to make purchases. Here Shweiki Media teams up with Marcus Sheridan of The Sales Lio ...
Released On: 4/10/2015
Views: 11960
Writing blogs is an essential aspect of content marketing and building and maintaining an audience, but many people waste time writing posts that never receive many shares or even views. Here Shweiki Media teams up with expert Gina Dietrich of Ar ...
Released On: 4/1/2015
Views: 10823
Gal Shweiki--CEO and Founder of Shweiki Media and President of the San Antonio Polo Club--recently traveled with his team to Lahore, Pakistan to compete in The Seedout Polo Cup, a fundraising match benefiting the non-profit Seedout. The mission o ...
Released On: 3/31/2015
Views: 11162
LinkedIn is a valuable too, and there simple strategies that--when utilized correctly--can lead to millions of dollars in revenue. Here Shweiki Media teams up with social media expert Kevin Knebl to present an essential webinar on strategically a ...
Released On: 3/26/2015
Views: 10488
Study Breaks, a leading college life entertainment company, surveyed over 200 college students, asking questions about their Spring Break planning, spending and booking. Here, Study Breaks presents the results, including how much money students w ...
Released On: 3/13/2015
Views: 13251
Pay-per-click ads, when done correctly, have the ability to be very effective and help companies expand their reach and create more conversions. Here Shweiki partners with experts Alicia Lawrence and Katie Kelly to present a webinar on the absolu ...
Released On: 3/12/2015
Views: 12538
While everyone wants their YouTube videos to get millions of views and go viral, very few people are familiar with the tools and strategies that have the ability to increase the odds of this happening. Here Shweiki Media teams up with SEO expert ...
Released On: 3/11/2015
Views: 11255
Advertising revenue is the lifeblood of magazine publishing, which means it's extremely important for publishers to figure out the most beneficial structure possible for their sales team. Here Shweiki Media teams up with John Lawo, Jr. of Magazin ...
Released On: 2/27/2015
Views: 10574
Twitter is straight-forward but extremely effective social media tool, and since its creation, it has helped both individuals and organizations alike generate millions of dollars. That said, it's important to know how to utilize it effectively, a ...
Released On: 2/19/2015
Views: 10151
Shweiki is excited to announce that they will again be serving as a sponsor of Old Settler's Music Festival by printing all flyers, programs and mailers for the event. Old Settler's is a four-day event, taking place April 16-19 and featuring 30 m ...
Released On: 2/13/2015
Views: 11681
Shweiki Media teams up with Gini Dietrich of Arment Dietrich to present a must-watch five-part video series on how to get blog posts read and shared. Here, in the first part of the series, expert Dietrich discusses how to effectively generate and ...
Released On: 2/13/2015
Views: 11955
Due to their shareability, effectiveness at reaching an audience, and ability to drive traffic, quizzes can serve as promotion and a great way to get advertisers involved. Here Shweiki Media teams up with Matt Coen of Second Street Promotions Lab ...
Released On: 2/6/2015
Views: 10336
Effective content marketing is a key component of success at any company, but in many cases, it's easier said than done. Here Shweiki Media Printing Company teams up with expert Marcus Sheridan of The Sales Lion to present a webinar with five ess ...
Released On: 1/30/2015
Views: 11294