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When you decide to advertise on television, you will have to choose between broadcast, cable, and local channels. According to Encyclopedia.com, broadcast television is the most common form of television in the United States. Broadcast channels use the public airwaves to transmit programs that are theoretically available on any TV set within the range of the transmitter at no cost to the viewer.
But what’s the future of broadcast TV? Can it compete with online options?
In this episode of The Marketing Rapport, Tim Fagan, SVP & Chief Revenue Officer at TEGNA Inc., debunks some of the myths about the demise of broadcast TV. Tim and our host Tim Finnigan discuss the power of broadcast TV, the importance of storytelling, and how to lead through challenging times.
Tim as the Chief Revenue Officer at TEGNA
“As Chief Revenue Officer, I set the vision, and the framework, and the execution of our advertising businesses. So, we call our suite of products advertising and marketing services, so consumers may think of it as: we sell TV commercials on broadcast television. We sell video spots on our streaming platform on PREMION. We sell display products and video products on our websites, on our mobile apps, on our streaming apps, I mentioned our podcasting business. So it’s really getting advertisers to access our audiences through those various platforms.”
A Successful Salesperson Is Always Well-Prepared for a Sales Call
“We tell people, ‘Get exposed to as many things as you can when you’re out.’ In our business, we call into a lot of different verticals, so we might be a little broader than other businesses. We tell people, ‘If you’re in a vertical that you’re really comfortable with and become passionate about, really understand that vertical as deeply as you can.’
Back to storytelling, we had a room full of sellers, and there’s that famous Mark Twain quote, ‘I didn’t have enough time to write a short story, so I wrote a long one.’ And it’s really helping our younger sellers to say, ‘Just stop.’ Stop and think about whether you’re putting together a pitch deck, or your proverbial elevator pitch. Verbally, what are you going to do that’s going to help the receiving end of that conversation? What are you going to do that’s going to help them immediately? And we all get into this Bataan Death March of slides and 35-slide PowerPoint decks, and I think that’s always the wrong answer. It’s spending the time up front to think about the needs and to think about what’s going to help them immediately and that’s most relevant to them, and you’re going to find success.”
Cross-Country Running Can Be Applied to Business
“For cross-country teams to win a state championship, it helps if you have a really gifted runner or two, but the way the cross-country is scored is you run seven girls or boys, and the top five score. If you go downstate, in Illinois, you might have 50 schools running on a given day, so that’s 350 runners, and the first girl across the finish line gets one point, the second one gets two, and so on, and the lowest team score wins. You can’t win a championship if your third, fourth, or fifth runners are in the two hundreds of their score; you’re just not going to win. And those teams that prepare their runners to not only run as hard as they can and as strategically as they can but to think about the outcome of your third, fourth, and fifth runners, those are the teams that win championships. And as I think about our sales organization, we’ve got 50 stations, we’ve got a national sales team, we’ve got pockets of cross-country teams, and we’re always going to have the number one runner, the number two runner, but for us to achieve success is how do we level up those other runners, those other sellers to be successful.”
[04:39] “It’s hard to have a vibrant community without a strong economy.”
[10:26] “Leaders are earning their paychecks right during times of adversity and uncertainty.”
[11:42] “Leaders need to remind colleagues: fall back in love with the business and try to focus on the things that you can control and that you can do for your customers.”
[18:23] “Don’t show up to a sales call without bringing something that’s going to be useful to them.”
[32:21] “Remember those old TV commercials — The More You Know — when you’re watching the afterschool specials in the 1970s. Well, I don’t know, but I’m going to find someone that can help us. And the more you know, the more successful you’ll be.”