Local
Market – Advertiser Market
For
the past 40+ years, the local small and medium business advertising
sector has continued to grow steadily. This market sector
has operated under the radar of many newspapers, television,
radio and most large, regional and national media enterprises.
During this time,
few major newspapers, other than those with targeted niche
ventures, operated within this area of business.
The primary advertising
provider in this sector has been the Yellow Page directories.
Their success required the development of enormous sales teams
so they could reach out and touch every small and medium business
operator to sign up and renew their ads.
On the newspaper
side, companies like Cox Enterprises, Cox-Target Media (Valpak®),
Gannett Newspapers (Clipper Magazine®) and Roark Capital
(Money Mailer®) established a solid foothold in this sector
of business. These operators employed a two fold strategy
of expanding their network reach by developing company operated
locations and utilizing independent franchise owners to partner
in the development of their nationwide expansion. This plan
has allowed them to organize a structure that collectively
puts 1,000’s of marketing savvy local sellers on the
street daily working within the neighborhoods and areas that
they live.
Successfully developing
the local small and medium businesses requires “sellers
at their best”. These are the areas of selling that
are fundamental to consultative selling and critical for success.
Business operators
at the SMB level require a local seller that can develop one
on one relationships and move the process along:
“Small Business
Owners Do Not “Buy” Advertising Rather They Have
to Be “Sold” by a Salesperson primarily in Their
Place of Business”
This is the why
the Yellow Pages directories have 1,000’s of Local Advertising
Reps.
Timing is everything!
Local sellers need to catch business when they are:
Ready or Need to
Buy…
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