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Broadcasting 2015

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Broadcasting 2015

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Marketing Your Station is a PDF of materials from a one-day workshop for personnel from local radio and TV stations.The same presentation is available with embedded links through my website, BrainSnacksCafe.com.

Marketing Your Station is a PDF of materials from a one-day workshop for personnel from local radio and TV stations.The same presentation is available with embedded links through my website, BrainSnacksCafe.com.

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Broadcasting 2015

  1. 1. Linda Gorchels Creativity Curator Tomorrow’s Mysteries
  2. 2. By the end of the day you should be able to: • apply universal marketing concepts to your station • envision several probable futures • be prepared to exploit different marketing tools to fit different futures Today’s goals Spring 2015
  3. 3. Marketing is … Carefully carving your target market, then • crafting and renewing the best offering (product & price) for them, • delivering the offering to them (place) in appropriately dynamic ways, and • communicating this offering so as to maintain relevance (promotion).
  4. 4. The MATRIX To AUDIENCE(S) To ADVERTISERS Programming ( Product) format, news community vigor of audience connection Delivery process ( Place) OTA, webcasting, streaming analytics, consulting Communication (Promotion) social media, traditional media sales Cost (Price) commercials, fees rates of Broadcast Station Marketing
  5. 5. The Future of Your Radio Brand Mark Ramsey @ HIVIO 2014
  6. 6. What do Advertisers Want from Radio InnoVision's Ric Militi at HIVIO 2014
  7. 7. Wow! How can stations really do all that?
  8. 8. The marketing planning process Where are you now? Where do you want to go long-term? (vision, goals, and strategies) What are you going to accomplish this year to move closer to the long-term vision? (annual objectives)What actions will help you accomplish the objectives? (tactics & tasks) How will you implement, track & evaluate results? (performance measures & metrics) Source: Linda Gorchels, The Product Manager’s Handbook.
  9. 9. The marketing planning process Where are you now? Where do you want to go long-term? (vision, goals, and strategies) What are you going to accomplish this year to move closer to the long-term vision? (annual objectives)What actions will help you accomplish the objectives? (tactics & tasks) How will you implement, track & evaluate results? (performance measures & metrics) Source: Linda Gorchels, The Product Manager’s Handbook.
  10. 10. Simon Sinek: Start with Why © Linda Gorchels
  11. 11. The marketing planning process Where are you now? Where do you want to go long-term? (vision, goals, and strategies) What are you going to accomplish this year to move closer to the long-term vision? (annual objectives)What actions will help you accomplish the objectives? (tactics & tasks) How will you implement, track & evaluate results? (performance measures & metrics) Source: Linda Gorchels, The Product Manager’s Handbook.
  12. 12. Do station personnel agree on programming decisions, and on the right balance between commercials and content?
  13. 13. Nonnegotiable Differentiator Exciter Tolerable Dissatisfier Enrager So What? NA NA Basic Discriminator Energizer Positive Negative Neutral How do programs or other parts of your “offer” affect your audience? Source: Ian C. MacMillan and Rita Gunther McGrath, “Discover Your Products’ Hidden Potential,” Harvard Business Review, May-June 1996.
  14. 14. Diverse customers and segments One primary broadcast message Many narrowcast messages Broadcast to narrowcast
  15. 15. The marketing planning process Where are you now? Where do you want to go long-term? (vision, goals, and strategies) What are you going to accomplish this year to move closer to the long-term vision? (annual objectives)What actions will help you accomplish the objectives? (tactics & tasks) How will you implement, track & evaluate results? (performance measures & metrics) Source: Linda Gorchels, The Product Manager’s Handbook.
  16. 16. Is there buy-in and support for learning about and supporting new technologies and advancements?
  17. 17. The marketing planning process Where are you now? Where do you want to go long-term? (vision, goals, and strategies) What are you going to accomplish this year to move closer to the long-term vision? (annual objectives)What actions will help you accomplish the objectives? (tactics & tasks) How will you implement, track & evaluate results? (performance measures & metrics) Source: Linda Gorchels, The Product Manager’s Handbook.
  18. 18. Local broadcasting is SoLoMo social local mobile
  19. 19. Social: enabling conversations
  20. 20. Social Media 2015
  21. 21. Local: regional interests
  22. 22. Mobile for snacking
  23. 23. Storytelling, design and award-winning reporting Get the right balance:
  24. 24. The promotion, the marketing communications, the conversations should be integrated. Integrated Marketing Communications IMC
  25. 25. “Brand is not a product, that's for sure; it's not one item. It's an idea, it's a theory, it's a meaning, it's how you carry yourself. It's aspirational, it's inspirational.” Kevin A. Plank CEO, Under Armour
  26. 26. • What image to listeners have of your station (your brand)? – Include both rational and emotional elements • What value (brand equity) does this image have for them? • How do they perceive this brand compared to the competition (your positioning)? • Is this the perception you want, and is it consistent with your goals? Ask yourself
  27. 27. What are the relevant benefits? Saw Stop hot dog
  28. 28. Saw Stop Demo explained
  29. 29. Now what? Let’s talk about envisioning the future.
  30. 30. The RTDNA/Hofstra University Survey was conducted in the fourth quarter of 2013 among all 1,659 operating, non-satellite television stations and a random sample of 3,263 radio stations
  31. 31. The RTDNA/Hofstra University Survey was conducted in the fourth quarter of 2013 among all 1,659 operating, non-satellite television stations and a random sample of 3,263 radio stations.
  32. 32. What are the biggest challenges trending for 2015 and beyond?
  33. 33. What opportunities are trending for 2015 and beyond that might be lost if you don’t act now?
  34. 34. Monitor and project these trends over time ECOSYSTEM
  35. 35. Technology • News available everywhere: internet, smart phone, wearable • Bandwidth growth • Streaming • Connected cars • Innovations
  36. 36. Industry • Consolidation • Budget constraints • Talent shortages • Syndicated programs • News reporting trends • Digital ad revenue • More digital competition
  37. 37. Market • Digital generational divide • Fragmented media choices • Customization vs. privacy
  38. 38. Generational Cohorts (birth years) 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 Cohorts Traditionalist Baby Boomer Gen X Millennial Z ?
  39. 39. Source: Nielsen Cross-Platform Report, March 17, 2015 Q1 2014: Weekly Time Spent (Hrs: Min) A18-24 A25-34 A35-49 A50-64 A65+ On Traditional TV 19:55 23:58 30:10 41:01 48:41 Watching Time-shifted TV 1:54 3:37 4:13 4:17 3:22 Using DVD/Blu Ray Device 0:57 1:34 1:18 1:04 0:39 Using a Game Console 3:48 2:49 1:14 0:25 0:08 Using the Internet on a Computer 5:29 6:12 7:30 5:59 2:55 Watching Video on Internet 2:28 2:11 1:45 1:12 0:23 Watching Video on a Mobile Phone 0:25 0:16 0:08 0:04 - Age differences in TV watching
  40. 40. Ecosystem (a.k.a. everything else!) • Regulatory environment • Political conditions • Economy • Expectations
  41. 41. Peter Schwartz Futurist and Author “The test of good scenarios is not getting the future right – the real test of a good scenario is: did I make better choices as a result of having looked at and understood both my own environment better and the consequences of my actions?”
  42. 42. Media 2015: The Future of Media A report from The Futures Company :http://www.unileverusa.com/Images/FOM_Final_09_tcm23-206938.pdf Fluid (anytime, any place) Fixed (sometimes, some places) Fragmented Consolidated TONS OF TWITTER PORTAL OF ME MEDIA BUFFET TRADITIONAL NEW MEDIA
  43. 43. What are the possible scenarios for 2020?
  44. 44. Think about what marketing approaches will be appropriate for different futures. Can you add enough flexibility to your plans to allow adaptation if your vision of the future is wrong?
  45. 45. • Thoughtfully adapt universal marketing concepts to your station • Consciously envision several probable futures • Creatively exploit different marketing tools to fit different futures In summing up:
  46. 46. Just as we routinely upgrade computer systems, we must upgrade our own knowledge systems. Linda has helped over 10,000 people over a 25+ year period with these educational upgrades, merging anecdotal client experience with researched “best practices,” and sharing the resulting insights with managers and executives. After working in the office products, publishing and insurance industries, she joined UW-Madison’s Center for Professional and Executive Development, both as a corporate trainer and program director. Now, as a director emerita, she provides workshops for select clients. An award-winning author of The Product Manager’s Handbook, she has also written The Product Manager’s Field Guide, The Manager’s Guide to Distribution Channels, Business Model Renewal, and Product Management ShortRead Series. Linda is now a blogger, mystery author and Creativity Curator for her own company, Tomorrow’s Mysteries, LLC. Linda M. Gorchels
  47. 47. For more information, refer to the following books on Amazon, follow my blogs, and download several free articles from my website, BrainSnacksCafe.com. The Product Management ShortRead Series is a collection of “bite-sized” (about 100 pages) books on selected topics . Product Management 101 and Product Strategy & Roadmaps were published in January 2017. Creatively Innovative is scheduled for May 2017.

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