saga communications promotions opportunity
DESCRIPTION
Presentation deck from Matt Coen's meeting with Saga CommunicationsTRANSCRIPT
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@secondstreetlab
D R I V I N G R E V E N U E | B U I L D I N G D A T A B A S E | G R O W I N G A U D I E N C E
Supercharge Your Online Promotions
Matt CoenSecond Street
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@secondstreetlab
Thanks for Having Us!
Matt CoenPresident & Co-FounderSecond Street @mattcoen
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@secondstreetlab
Who we are
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@secondstreetlab
D R I V I N G R E V E N U E | B U I L D I N G D A T A B A S E | G R O W I N G A U D I E N C E
POWER OF PROMOTIONS
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@secondstreetlab
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@secondstreetlab
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@secondstreetlab#PromotionsSummit
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@secondstreetlab
Attendees
#PromotionsSummit
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@secondstreetlab
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@secondstreetlab
Group sweepstakes
#PromotionsSummit
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@secondstreetlab#PromotionsSummit
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@secondstreetlab
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@secondstreetlab
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@secondstreetlab#PromotionsSummit
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@secondstreetlab
Why not you?
Why Not You?
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@secondstreetlab
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@secondstreetlab
Shift in Spend 1
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@secondstreetlab
Promotions are a Growing Trend
Source: Borrell Associates
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
Online Promotions
are Exploding
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@secondstreetlab
“Don’t underestimate your
potential.”
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@secondstreetlab
“I want you to think big and I want you
to think differently.”
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@secondstreetlab#PromotionsSummit
“Advertisers want result and you can
measure those results with
promotions.”
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@secondstreetlab
Next Step:
#PromotionsSummit
Next Step: Think big, think differently and invest resources to maximize your promotions revenue.
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@secondstreetlab
Advertisers wantmeasurable results and promotions deliver them 2
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@secondstreetlab
1. Generate Leads2. Drive Foot Traffic3. Grow Social
Engagement4. Grow Email Database5. Collect Data
What Advertisers Want
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@secondstreetlab#PromotionsSummit
The Challenge: Double the Number of Weddings Booked during their Season
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@secondstreetlab
The solution
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@secondstreetlab
“The resort had 10 weddings booked as a result of the contest.”- Elizabeth Perry, Cox Media Group
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@secondstreetlab#PromotionsSummit
The Challenge: Grow Foot Traffic during Slow Period + Increase Awareness
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@secondstreetlab
The solution
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@secondstreetlab#PromotionsSummit
“To date, we've done a half million dollars with just this one account doing deals.” - J. Tom Shaw, Shaw Media
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@secondstreetlab#PromotionsSummit
The Challenge: Increase Foot Traffic
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@secondstreetlab
The solution
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@secondstreetlab
“The advertiser was thrilled with all the new customers they saw as a result of the deal.”- Brenda Fedak, Belleville News-Democrat
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@secondstreetlab#PromotionsSummit
The Challenge: Grow Facebook Likes and Email List + Sell $18k in Gift Cards
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@secondstreetlab
The Solution
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@secondstreetlab#PromotionsSummit
“The bank increased their social engagement by 12,000% and drove $100,000 in sales the first year of their gift card program.”- Brandy Carter, SmartReach/Entercom
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@secondstreetlab#PromotionsSummit
The Challenge: Grow Awareness and Email Database
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@secondstreetlab
The solution
Facebook sweepstakes and integrated print & online campaign
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@secondstreetlab#PromotionsSummit
“We had 80,000 people enter, which was amazing. We grew the outlets database by 47,000. It was one of the most successful promotions we’ve ever run.”- Jamie Kinnaird, BH Media
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@secondstreetlab
1. Generate Leads2. Drive Foot Traffic3. Grow Social
Engagement4. Grow Email Database5. Collect Data
What Advertisers Want
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@secondstreetlab
Next Step:
#PromotionsSummit
Next Step: Start every sales call with a needs analysis conversation and pitch promotions designed to meet those needs.
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@secondstreetlab
Second Street is Here to Help
secondstreetlab.com/saga
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@secondstreetlab
There are four pillars to Promotions success 3
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@secondstreetlab
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@secondstreetlab
Four Pillars
PlanningGrowing DatabaseEmpowering Your Sales TeamLeveraging Promotional Tools
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@secondstreetlab
Plan Ahead
"The simplicity of planning is so overlooked as a driver of business. I’m still stunned by it every
day."
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@secondstreetlab
Grow Your Database
"1,100 new emails from
free deal lead to $55k in
revenue over the next 6 months.”
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@secondstreetlab
Empower Your Sales Team"We are always,
constantly, every week generating money with promotions. Every single
week.”
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@secondstreetlab
Leveraging Your Promotional Tools
”Everything has value and will
help the promotion and the advertiser see success.”
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@secondstreetlab
Next Step:
#PromotionsSummit
Next Step: Develop and implement a promotions plan that includes a calendar and a goal for revenue & database growth.
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@secondstreetlab
Second Street is Here to Help
The ULTIMATE Planning Calendarwww.secondstreetlab.com
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@secondstreetlab
Leverage your resources 4
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@secondstreetlab
Your Promotions Resource
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@secondstreetlab#PromotionsSummit
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@secondstreetlab
Online formats – Market Total
#PromotionsSummit
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@secondstreetlab
Actionable Content
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@secondstreetlab
Playbooks
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@secondstreetlab
Downloadable Worksheets
#PromotionsSummit
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@secondstreetlab
Newsletters
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@secondstreetlab
Report cards
#PromotionsSummit
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@secondstreetlab
“92% of local sales managers believe more digital sales training is
needed.”
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@secondstreetlab
“92% of local sales managers believe more digital sales training is
needed.”
“42% of local sales managers rate their sales rep’s ability to sell digital
as poor.”
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@secondstreetlab
On demand Training
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@secondstreetlab#PromotionsSummit
Contest Sales Planning
Contest Sales
Deal Sales
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@secondstreetlab
Earn Certification
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@secondstreetlab
Next Step:
#PromotionsSummit
Next Step: Sign up for Promotions University and visit secondstreetlab.comto download more resources.
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@secondstreetlab
Data has power 5
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@secondstreetlab
“There might be some gold hidden in your database that you’re not seeing
today.”
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@secondstreetlab
350 Years ago
Antonie van Leeuwenhoek
Peered Through
The Microscope
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@secondstreetlab
What he saw
300 Years Later
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@secondstreetlab
DNA
850,000X
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@secondstreetlab
WHAT IF WE BUILT A BETTER MICROSCOPE?
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@secondstreetlab
Under the microscope
Data DNA
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@secondstreetlab
WITH RICHER PROFILES, WE CAN APPLY FILTERS
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@secondstreetlab
APPLYING FILTERS
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@secondstreetlab
APPLYING FILTERS
Wants to refinance their home?
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@secondstreetlab
APPLYING FILTERS
Needs an oil change?
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@secondstreetlab
APPLYING FILTERS
Looking to purchase jewelry?
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@secondstreetlab
APPLYING FILTERS
In the market for a new car?
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@secondstreetlab
APPLYING FILTERS
Likes Mexican Food?
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@secondstreetlab
PROMOTIONS ALLOW YOU TO EXPLICITELY ASK
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@secondstreetlab
PROMOTIONS ALLOW YOU TO INFER DATA
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@secondstreetlab
Next Step:
#PromotionsSummit
Next Step: Run more promotions to collect more data.
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@secondstreetlab
Ballots drive audience and revenue year round 6
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@secondstreetlab
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@secondstreetlab#PromotionsSummit
“We generated $75k at an 8k circulation paper with our Reader’s Choice program.” - Vince Johnson, Morris Multimedia
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@secondstreetlab
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@secondstreetlab#PromotionsSummit
“The level of engagement and the level of voting was unbelievable.” - Blair Barna, Charleston City Paper
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@secondstreetlab
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@secondstreetlab#PromotionsSummit
“This year, our state fair ballot will be a $100k opportunity. It's a beautiful thing for us to have ballots in our arsenal of products.“- Marty Carry, State Journal-Register
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@secondstreetlab
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@secondstreetlab#PromotionsSummit
“We had a 47% increase in participation, plus made over $70k.“- Jamie Kinnaird, BH Media
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@secondstreetlab
KGON-FM’s Top 92 Countdown
$7,000 in Revenue 826 Write-Ins 140 Email Opt-Ins
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@secondstreetlab
Next Step:
#PromotionsSummit
Next Step: Add ballots to your promotions calendar.
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@secondstreetlab
Second Street is Here to Help with Playbooks!
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@secondstreetlab
AND - Templates and Sales Kits!
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@secondstreetlab
Train your team and sell results! 7
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@secondstreetlab
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@secondstreetlab#PromotionsSummit
“Sell actionable ideas,
not media.”
“Hire people with a marketing background
”
“The follow-up is the
most important part of the
sales process.”
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@secondstreetlab
“Its not about selling just print or just online. Its
about all of it combined.”
“People don’t buy what you sell. They buy what
you BELIEVE.”
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@secondstreetlab
“Make sure reps are having needs
analysis conversation
”
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@secondstreetlab
Next Step:
#PromotionsSummit
Next Step: Have the confidence that you can deliver the results your advertisers want with promotions.
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@secondstreetlab
Ecommerce promotionsWork for everyone 8
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@secondstreetlab#PromotionsSummit
“At $2MM, our deals program is a huge
amount of our annual digital
revenue.”
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@secondstreetlab
“Last year we generated over $580,000 in gross
revenue from deals stores alone.”
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@secondstreetlab
Cyber Monday Store
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@secondstreetlab
“We’ve made $85k with our golf card so far this year.”
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@secondstreetlab
JS Online
$80k
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@secondstreetlab
WISE-TV
$112k
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@secondstreetlab
Golf CardKCSP-AM | Kansas City, Missouri
TIP: If you run just one multi-merchant card, make it a golf card. Sell it
$25k
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@secondstreetlab
Theme Weeks!
$65K
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@secondstreetlab
Exclusive Deals
$100K+
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@secondstreetlab
There is Something for Everyone!
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@secondstreetlab
Ecommerce Promotion Revenue Opportunities
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@secondstreetlab
52x
BIG
Weekly Deal
12x
Exclusive
Offers
2x 6x
THEMEWEEK
2x
SeasonalStores
2x
ProgressiveDiscount
Store
Annual Earning Potential
$580,000
$410,000
3x 12x
THEMEWEEK $270,000
1x
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@secondstreetlab
Next Step:
#PromotionsSummit
Next Step: Whether you have a deals program or not, run an ecommerce promotion type you haven’t tried before.
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@secondstreetlab
Second Street is Here to Help
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@secondstreetlab
Promotions are exciting 9
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@secondstreetlab
Pro Football Pick’em
VIP Picker Photos Printed
Weekly
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@secondstreetlab
“There isn’t anything cooler than putting together a great idea that helps fulfill an advertiser’s objective!” – Marty Carry, The State Journal Register
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@secondstreetlab
$100,000in revenue
Results
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@secondstreetlab
#fox50lipdub
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@secondstreetlab
“Do something your whole crew can have fun with. Our whole station participates and we have a blast!” – Terri Overby, WRAZ Fox 50
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@secondstreetlab
$200,000 in revenue
Results
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@secondstreetlab
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@secondstreetlab
$100,000 in revenue
Results
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@secondstreetlab
Next Step:
#PromotionsSummit
Next Step: Have fun. Promotions should be fun to sell, and fun for your audience and advertisers.
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@secondstreetlab
Why Not you?
10
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@secondstreetlab#PromotionsSummit
“Be an internal change agent in
your organizations.”
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@secondstreetlab
Next Step:
#PromotionsSummit
Next Step: Embrace the plan…Build your team…Generate Revenue! What are you waiting for?
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@secondstreetlab
secondstreetlab.com/saga
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@secondstreetlab
Thanks for Having Us!
Matt CoenPresident & Co-FounderSecond Street @mattcoen