So it is right about now that there should be a strong
understanding of where your page allocations stand for your12-13 Season
playbill. Allocation for ad sales as well as content pages. In the sales
campaign, you have probably lost some advertisers from last Season, gained new
advertisers (that should have more than compensated for your lost advertisers) and
there should have been some advertisers from last Season that you were able to
convert to a larger ad for the 12-13 Season. There are probably some
advertisers from last Season that have not yet committed to the 12-13 Season.
This is normal. These advertisers are the procrastinators. The way we like to
forecast for this bank of advertisers is that if there is not an 85% probability
for them to renew, count on them as not renewing. After you get a strong sense
of where your pages stand, now there should be some considerable scrutiny on getting
to that “perfect signature” ( see blog for perfect signature here:"Perfect
Signature" blog
How to
accomplish this: Does it mean cutting pages, then which pages? Well if you have
managed the number of budgeted pages for advertisers, there should not be any
issues there. On that note, here is an
interesting scenario that just recently played out for us. We had a situation
in which we had undersold by a half page color for a performing arts group.
Here is how we were able to solve the problem very quickly. In this particular
playbill we had not sold the inside back cover, which we typically sell as a
premium to one advertiser. We immediately re-contacted some of the opportunities
that we had cultivated early in the sales canvass. These were opportunities
that had eventually declined participation for the 12-13 Season. We were able
to sell a half page color (at a premium rate) for half of the inside back
cover. We then approached our half page advertisers and offered them an upgrade
for the other half of the inside back cover. We were able to maximize our inventory,
without sacrificing rate. We actually increased the rate. The reason the sales
took place so quickly is that we presented it as a limited opportunity. It was
a classic supply and demand equation. The next place to look for page
allocation is content. There may be some tough decisions that will need to be
made on this end as well, but these pages are generally easier to manage than
ad sales, because you can’t negotiate the ad dimensions. Hope
this is helpful. By the way…I have had a tremendous amount of response from the
"How
To Make The Perfect Bloody Mary" blog. Go figure…
"HOW TO SELL ADVERTISING" "HOW TO PUBLISH A PLAYBILL" "FREE PLAYBILLS" "FREE PROGRAM BOOKS"
"HOW TO SELL ADVERTISING" "HOW TO PUBLISH A PLAYBILL" "FREE PLAYBILLS" "FREE PROGRAM BOOKS"
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