Bryson Broadcasting International Newsletter
Raising Radio and TV Revenues Worldwide!
1 August, 2011
Greetings from BBI!

Today's competitive broadcasting environment means that we all must be better, we all must work smarter. Bryson Broadcasting International (BBI) is committed to helping broadcast organizations worldwide to raise their level of expertise in sales and management.

Our newsletters give you information about sales and marketing that you may use to increase your revenue. We hope that you may find them to be of great benefit to your sales success. Happy selling!
In This Issue
The Lifetime Value of a Customer
The Client's Corner
We Want To Help Your Staff Increase Revenue.
The Lifetime Value of a Customer

 Here's one of my favorite definitions of the marketing process:

 

"Marketing is the buying and selling of things with good will at a profit.  If you can only have one, take good will because it is tomorrow's profit."

 

Your clients need to build relationships with their customers.  They want to keep customers happy because:

  • The lifetime value of a customer is a large number.  A customer who spends just $20 a week will spend $1,000 in a year and $30,000 or more over a lifetime.
  • Repeat customers are happy customers who tend to increase their purchases each year, recommend your client's business to others, step up to more deluxe products that yield a higher margin.
  • The cost of acquiring new customers is very high.

The first step in keeping customers is finding out why you lose them.  Lost customers can tell you exactly what parts of your business you must improve.

 

When we help our clients to measure their ROI, we need to walk them through the process of figuring both what it will take to pay for their advertising one time and what the lifetime value of those new customers might be. Consistent advertising will encourage new customers to walk in the door. Our clients must then convert them into long-term customers.

 

Happy, satisfied customers tell others about their experiences.   Our clients' advertising can mushroom exponentially. Sales grow.  We need to prepare our clients for this process so that we may  hear, " My advertising is working!" from our clients.  

   The Client's Corner

 

 .

 

What do you tell your clients about media dominance?  Media dominance is the position owned by the advertiser with the greatest share of voice.  Share of voice is created by dominating a medium.  If your client cannot afford to dominate several mediums, he should choose one.  If you cannot dominate all radio or TV, you should dominate one radio or TV station.  If you cannot dominate the entire station, you should dominate a daypart or a TV show.

 

Creating media dominance requires repetition.  Sleep lessens the impact of all advertising, thus requiring people to be reached over and over again.  If your client would create share of voice, he must utilize repetition, repetition, repetition.

 Words to Live By.....

 

  "The best way to forget your own problem is to help someone solve his."

We want to help your staff increase revenue! We at Bryson Broadcasting International are available to help your sales staff achieve its next level of expertise.  We customize our programs to meet your needs.  As needed, we make use of interpreters and produce sales materials in your language.  If you would like to discuss your sales training needs, we may be reached at Pat@patbryson.com.
 
For more information about BBI, click here.
©Copyright 2011 Bryson Broadcasting International

A little about me.....
pat head shot in black sweater
Pat Bryson has worked in the radio industry for over 25 years. During that time, she was one of the highest billing sales people in the radio industry in her market. She was promoted to General Sales Manager, managing and training both experienced and inexperienced sales people . Her career advanced to General Manager, where Pat  created a culture of over achievement for her stations.
 
Through Bryson Broadcasting International, Pat now helps her clients to create that same culture of over achievement in their stations.
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