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Advanced Packaging Kirk Nelson, Public Radio Partners
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Session Will Cover Evaluating Product Potential Evaluating Product Potential Packaging Principles & Guidelines Packaging Principles & Guidelines Media Materials Design Media Materials Design Package Examples Package Examples Demonstrate how you can best maximize your stations underwriting Inventory
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Where’s the Money? Broadcast radio Broadcast radio Station web site Station web site Station Events Station Events Corporate Challenge Grants Corporate Challenge Grants E-Newsletters E-Newsletters
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Where’s the Money? Product Broadcast Broadcast Web Web Station Events Station Events Challenge Grants Challenge Grants E-Newsletters E-NewslettersEvaluation Conversion Ratio Conversion Ratio CPM, Classified, Rich Media, Performance CPM, Classified, Rich Media, Performance Broadcast, Signage, Promos, Tickets, newspaper, web, event Broadcast, Signage, Promos, Tickets, newspaper, web, event Broadcast promos, promotion Broadcast promos, promotion CPM CPM
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Product Potential Broadcast Web Events Challenge E-Newsletters Values in thousands
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Conversion Ratio Current Conversion - Conversion Potential
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Market Revenue Resource Investing in Radio BIA Financial Investing in Radio BIA Financial J.C. Patrick NPR Station Development Manager 1.800.329.5380, ext. 2736 stations 281.494.6577 direct 281.494.6578 fax jcpatrick@npr.org J.C. Patrick NPR Station Development Manager 1.800.329.5380, ext. 2736 stations 281.494.6577 direct 281.494.6578 fax jcpatrick@npr.org
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Packaging Principals & Guidelines
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Packaging Principles & Guidelines 1. Concentration of Force 2. Marketing 3. Laws of Influence 4. Supply & Demand 5. Engine Theory 6. Bundling Concept 7. Considerations Intention Drives Attention
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Concentration of Force Maintain Concentration on Greatest Revenue Producers
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Be a Marketer Reach & Frequency Reach & Frequency Turnover Turnover Optimum Effective Scheduling Optimum Effective Scheduling Share Of Voice Share Of Voice Share Of Wallet Share Of Wallet Branding Branding Media Factors Media Factors Marketing Factors Marketing Factors Creative Factors Creative Factors
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6 Weapons of Influence 1. Reciprocation 2. Commitment & Consistency 3. Liking 4. Authority 5. Social Proof 6. Scarcity
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6 Weapons of Influence 1. Reciprocation 2. Commitment & Consistency Commit to long-term schedulesCommit to long-term schedules 3. Liking 4. Authority Quote industry expertsQuote industry experts 5. Social Proof Site usersSite users 6. Scarcity Establish demandEstablish demand
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Supply & Demand The theory of supply and demand describes how prices vary as a result of a balance between product availability at each price (supply) and the desires of those with purchasing power at each price (demand). Alfred Marshall
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Supply & Demand
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Engine Theory
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Identifying Station Engines Customer’s ask for it Customer’s ask for it Sells with little effort Sells with little effort Can’t raise rate enough Can’t raise rate enough Sold out for months in advance Sold out for months in advance Waiting list to support Waiting list to support
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Evaluating Station Engines Demand Level Highest Highest High High Medium Medium Moderate Moderate Low Low None None
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Bundling Demand Level Demand Level Highest Highest High High Medium Medium Moderate Moderate Low Low None None Retailing Retailing Price Quality Selection Public Radio Public Radio Price Value Selection
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Bundling Math Broadcast Spot Broadcast Spot Web Banner Web Banner E-Newsletter E-Newsletter Challenge Grant Challenge Grant Total Total 20% Discount 20% Discount Total Investment Total Investment Driver Variance Driver Variance $1,500 (Driver) $1,500 (Driver) $ 250 $ 250 $ 100 $ 100 $ 500 $ 500 $2,350 $2,350 470 470 $1,880 $1,880 $ 380 $ 380
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How can the Engine Theory & Bundling concept drive Supply & Demand?
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It’s the Audience Stupid!
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Considerations Packages should: Packages should: Drive staff focusDrive staff focus Brand product valueBrand product value Provide greatest revenue potentialProvide greatest revenue potential Move unsold inventoryMove unsold inventory Create inventory demandCreate inventory demand Promote expectationPromote expectation Sustainable revenueSustainable revenue Create opt-outsCreate opt-outs
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Media Materials Design
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Reflection of our industry Reflection of our industry Sequentially tell your story Sequentially tell your story Sales staff focus Sales staff focus Greatest revenue potential Greatest revenue potential Create inventory demand Create inventory demand Effective spending levels Effective spending levels Buy-ability Buy-ability Sustainable revenue Sustainable revenue No bonus spot No bonus spot
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Rate Card Exercise Promoting Inventory Spread
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Rate Cards
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KUHF Rate Card Promotes rate structure based on annual spending levels Promotes rate structure based on annual spending levels The higher the spending level, the better the rate The higher the spending level, the better the rate
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KUHF Higher Average Spending $6,602 $6,602 $9,066 Houston $9,066 Houston $7,830 $7,830 $8,182 $8,182 $6,145 $6,145
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Media Kit
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Emma
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Online Underwriting Elements Attain unprecedented online presence and dominant share of voice with… Attain unprecedented online presence and dominant share of voice with… 50,000 impressions with 125x125 web button 50,000 impressions with 125x125 web button Monthly Cost $1000Monthly Cost $1000 KUT Online Live Streaming Player (launches in new window) KUT Online Live Streaming Player (launches in new window) Pre Roll :15 introductory audio Announcement for all web stream listeners (65k/month)Pre Roll :15 introductory audio Announcement for all web stream listeners (65k/month) Copy Suggestion: “Support for live streaming on KUT comes from BMW. KUT and KUT2 can be heard in HD Radio, a factory option in all new BMWs.Copy Suggestion: “Support for live streaming on KUT comes from BMW. KUT and KUT2 can be heard in HD Radio, a factory option in all new BMWs. 300x250 Persistent MPU banner in media player300x250 Persistent MPU banner in media player Monthly Cost $2000Monthly Cost $2000
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Splash Page LISTEN TO KUT NOW IN HD IN ALL NEW BMWs In a milestone for the rollout of HD Radio, BMW will be the first auto maker to offer HD Radio receivers as a factory installed option. The technology promises enhanced sound fidelity and clear, noise-free reception. HD radio eliminates the static, hisses and crackles that hamper conventional broadcasts today. Digital HD radio signals give analog FM and AM stations upgraded CD-quality sound. HD Radio also provides data features, including station, song and artist identification. The new HD Radio receivers also will be able to receive analog signals. KUT has broadcasted in HD Radio since 2005 with KUT1 simulating the regular broadcast in HD, KUT2 all news with NPR shows not heard in regular broadcast, and soon KUT3 with all the music you love from KUT in HD Radio! See the schedule for: KUT1KUT1 KUT2KUT2 Learn more about BMWs innovations in vehicle design, zero-emission concepts and future technologies, and efficiency dynamics at www.bmwusa.comwww.bmwusa.com
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Schedule Page
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Custom Templates
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Standard Broadcast Packaging Maximize inventory Maximize inventory Easiest to sell & buy Easiest to sell & buy Speed modification Speed modification
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Maximum Audience Plan Standard Plan Greatest available discountGreatest available discount – Easiest to sell and buy Schedule turnover (50% reach, one + times)Schedule turnover (50% reach, one + times) – Not too much frequency Promotes inventory spreadPromotes inventory spread – Mon-Sun, 5am-12 midnight Bundles webBundles web Marketing valueMarketing value – Great starting point
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Seasonal Offerings
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Package Examples
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Think Seasonal Inventory Mgmt Inventory Mgmt Soft seasonal periods Flexible pricing Maintain inventory demand
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Summer Package A s summertime temperatures increase in Nashville, demand WPLN decreases as performing arts organizations – our largest category - conclude their seasons. Thus, we offer a hot deal for underwriters who want to beat the heat.
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Summer Package Largest category - performing arts goes away so lots of inventory Largest category - performing arts goes away so lots of inventory It allows us to keep pressure on inventory without reducing rates on the rate card It allows us to keep pressure on inventory without reducing rates on the rate card Make deep discount off rate card Make deep discount off rate card Limit the number available per week Limit the number available per week Make it fun Make it fun
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Think Efficiency Less: Less: Energy Sales time Copywriting Production Paperwork
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Independent Retailer Package Four Marketing Legs Broadcast schedule Broadcast schedule Station promos Station promos Window sticker Window sticker Web section Web section
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Independent Retailer Package Designed to honor small retailers Designed to honor small retailers Efficient sell for smaller schedules Efficient sell for smaller schedules Accustom to buying packages Accustom to buying packages Quick decision Quick decision
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Packaging Sponsorships A Prairie Home Companion A Prairie Home Companion Opening CommentOpening Comment Media ExposureMedia Exposure On-Site ExposureOn-Site Exposure HospitalityHospitality Promotional ValuePromotional Value Sponsor InvestmentSponsor Investment
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Opening Comment
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Media Exposure
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On-Site Exposure
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Hospitality
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Promotional Value
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Promotional Value Detail
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Sponsor Investment
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sponsorship.com
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Says Thanks to its 2008 PRDMC Platinum Sponsors
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