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.
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