John Parikhal: How To Profit From Change
Last month, John Parikhal of Joint Communications spoke at the annual British Columbia Association of Broadcasters convention about the opportunities of digital media and how all broadcasters can profit from the change digital media provides. BroadcastDialogue magazine covered his speech and wrote the following article abut it: Labels: BCAB, Broadcast Dialogue, John ParikhalOnce upon a time, life was easy.
Radio was the theatre of the mind. Families gathered around the television set. Selling radio and television advertising happened more often on the golf course or over lunches than via phone calls or e-mails. Companies planned three, five, 10 years down the road.
Life was predictable.
Life has changed!
At the recent British Columbia Association of Broadcasters convention, John Parikhal of Joint Communications talked about the causes of the media jungle: tech earthquakes, connected customers and “Googley” advertisers.
The tremors of tech earthquakes are felt throughout the industry. Things are faster: mobile, gathering, locating, processing. Things are getting easier: consuming, connecting, engaging, creating. Things are disintermediated: the middle disappears, the “broad” in broadcast is gone.
If you don’t like what you see or hear, you go somewhere else.
The second shift is the connected customer. Judging from conference participants’ behaviours – that’s YOU, too! Always on. Always connected and in control. Always multitasking, checking e-mails and voice-mails; always filtering – skimming and diving if you see something interesting.
Googley advertisers are confused and nervous because they are not sure how media works anymore. They are everywhere now. They experiment with social networking, try to be friends on Facebook. They want metrics, they want engagement, they want action and they want savings.
Parikhal offered five rules to manage and profit from this tectonic shift:
1. Love your customers.
2. It’s Not about you.
3. Help your advertisers and yourself.
4. Engage, engage, engage.
5. Good enough Isn’t good enough.
The BIG transformational new rule is Good enough isn’t good enough.
Back in the good old days choices were limited. Viewers and listeners were satisfied with the notion of “this is good enough”. Guess what? It’s no longer true because in this new world, people expect excellence, they have vastly more alternatives for their entertainment. The same holds true with customers – they expect excellence as well.
Parikhal’s Rule #1: Love your customers!
Love them! Make it faster. One click and they’re there without waiting. Give them control. Make it easier, don’t let them jump through hoops. Do a usability test for them. Have you tried to load your site? Have you tried to load it on your phone? If it takes more than two seconds, invest in reducing the load speed. You don’t want to lose your customers. Reward your customers, don’t disappoint them. Don’t make somebody listen to your radio station and write down a song at 1:10, 3:10 and 6:10 for a prize to win. Anyone who has the time to do that shouldn’t actually have a job. Don’t disappoint a lot of your listeners when they tried to phone you a thousand times to be the tenth caller.
Don’t block and drop connection and conversation. Let people who want to network with you do that, let them network with their friends through you, make it easy. Learn from the mistake that Michael Eisner did when the Internet first started: He lost the Mickey Mouse Fan Club when he prohibited Mickey fans to use Mickey's likeness on their fan pages online. There were hundreds of Mickey fan clubs. Eisner, said you can’t do that, Disney owns that. He crushed them, destroyed every Mickey Mouse fan club just by not letting people connect and not by facilitating the conversation.
Reward your customers with unexpected joys and hidden surprises. Parikhal mentioned the Ford Taurus into which 50 unexpected things were built without telling customers. Customers would discover these things and be absolutely delighted. “What unexpected joy and hidden surprises can you give your viewers and your listeners?” asked Parikhal.
Parikhal’s Rule #2: It’s not about you!
It’s only about your customers! Their only question is, “What’s in it for me?”. You simply cannot take anything or anyone for granted anymore. There are way too many other entertainment choices and you have to earn your customer every day.
On today’s game, there is no #2. But before puffing your chest, here is the sobering news: #1 doesn’t matter much, either.
Parikhal told the story about a station requiring imaging for a segment that dealt with children having been killed. It insisted that the imaging should deal with the concept of “We’re #1”. The voiceover talent declined and was threatened with being fired. Finally, he got his point across and the imaging said something along these lines: “When bad things happen we’re just like you, angry and confused and just like you we try to understand. That’s why the Channel x news team is working hard to get the news to you fast.”
The only big question your customer ever knows or cares about is what’s in it for me and you have to earn it everyday.
Parikhal’s Rule #3: Help your advertisers and yourself!
Parikhal suggests that this rule represents the biggest opportunity he has seen in this industry in maybe 25 years. Your advertisers need help to conquer the media jungle. They are confused and don’t really know what’s going on.
How? Get a point person in the organization who can answer all questions about media, whether it’s traditional or new. Train and educate all your sales staff and prepare them to cut a path through the jungle. Sell all customer touch points, including streams.
Get real with metrics. Determine how much do you expect the needle to move; on how many people they expect to show up; how much they are expected to spend; and what they expect them to do.
You’ve got to get to know your customers rather than sell a spot whether it’s radio or television. Talk to them about results.
Use iPads for presentations. Parikhal suggests handing it to the customers so that they can push the buttons, so that they’re in control. On top of your advertisers getting the answers they’re looking for, it looks incredibly cool and adds to your reputation that you must be understanding something that I as the advertiser do not.
Help yourself! Measure. Work to improve measurement. Measure every stream and source. Even if it’s not 100%, keep measuring. Think brand and plan a strategy across your platforms. Improve creative. It must create “water cooler talk” - virtually or actually. If your customers don’t send it, if they don’t talk about it, it’s not very good.
Think longer and act faster. Go beyond 90 days. Try it, and if it doesn’t work, get rid of it. If it works, move on.
Parikhal’s Rule #4: Engage, engage, engage!
First thing, meet customer needs, not your needs. Next thing - tell stories. Stories are very powerful. Think Gestalt and discovery. When you leave the middle, people try to close it and other people try and close the circle. They are much more engaged. What you don’t say is more powerful than what you do say, what people discover is much more important than what you tell them.
Give the URL. Engage people and let them discover more about you online. Give them what they want. Get beyond ”the box” and form partnerships.
What it boils down to...
Understand the change: Tech earthquakes aren’t predictable. Understand the connected customers: they’re skimmers and divers, are multitasking all the time, they want to be your friend if they choose to, not because you want them to be. It’s not about you, it’s all about them. “Googley advertisers” are a really good thing because there is nothing better than a scared advertiser. Now you can be the expert, the front person.
Apply the new rules:
Love your customer. Do you really have to love them? The answer is yes. Apple loves its customers. Honda loves its customers. They don’t even need slogans.
It’s not about you. #1 doesn’t matter. It’s all about them.
There are huge opportunities. Help your advertisers and help yourself.
Engage, engage, engage.
By understanding what’s going on out there and applying the rules, you have the opportunity, you’ve got the skills, you’ve got the brains, you’ve got the power – you can profit from this change.
- reprinted with permission from Howard Christensen and Broadcast Dialogue Magazine
posted by Chris Kennedy @ Thursday, June 16, 2011,
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Online Radio Streaming Hits Critical Mass
As reported this morning by the guys at RAMP, they did a little reading during the intermission of last night's Stanley Cup Game 7 of the new Parks Associates/ TargetSpot research study about online radio usage...and make some great points (re-published below): Labels: Internet, Market Research, Parks Associates, Radio, RAMP, streaming, TargetSpot, web trendThe old adage says, "Fish where the fish are." Pretty self-explanatory -- if the people you want to reach are somewhere, be where they are and don't wander off in another direction. With that in mind, it's mind-boggling that radio people still aren't acknowledging the draw of Internet radio streaming and not seeing the potential to reach listeners there. In a study that Parks Associates did recently for TargetSpot called Digital Audio Usage Trends: A Highly Engaged Listenership, the research company concluded that digital audio listening has indeed reached critical mass, with 39% of all broadband-equipped American households using Internet radio... though it's important to note that Parks included online simulcasts of terrestrial stations as part of their "Internet radio" figures. Online streaming mirrors broadcast radio usage, with around 80% of respondents consuming 1-7 hours of radio -- both Internet-based and online streams of broadcast stations -- daily on their laptops, desktops and tablets; the only device where online beat transmitter was via smartphones, which topped out at 84%. One bright spot in these figures was that 66% of Internet radio users actually listened to the same amount of -- or more broadcast radio as a result of streaming.
Here's where the money kicks in, so get your salespeople to read this next part: Listeners' ad-response rate was great for Internet radio, with 52% recalling seeing or hearing an ad online, and 40% actually responded to the commercial. Plus, Parks reports that "combining Internet radio with broadcast radio advertising boosts broadcast ad recall and increases response by 3.5 times over broadcast-only rates." Translation: If you're wasting your online stopsets, you're losing valuable revenue that can be used to reinforce your over-the-air spots. It's worth your while to check out the full report and to rally your troops to fish where the fish are -- because smartphones and Internet streaming aren't disappearing.
posted by Chris Kennedy @ Thursday, June 16, 2011,
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All Access: With Valerie Geller
Labels: books, Creating Powerful Radio, John Parikhal, Radio, Valerie Geller
Valerie Geller is a top personality and talent coach for radio. In a nutshell, she helps build great communicators. She started working in newsrooms and eventually worked her way up to Program Director for WABC in New York. Since then, her consultancy has taken her around the world many times over. She's also proven be a highly-sought-after conference and seminar speaker as well as a highly-regarded author.
Her latest book in the Creating Powerful Radio series is titled "Beyond Powerful Radio - A Communicator's Guide to the Internet Age" - is fabulous, blending her own insights with thought pieces from leading radio experts - talent, managers, coaches, consultants, researchers and marketers (including a chapter on "Branding" by Joint Communications' John Parikhal).
AllAccess.com just interviewed her...here are some highlights:AllAccess: Your new book "Beyond Powerful Radio - A Communicator's Guide to the Internet Age" is now available -- what's new compared to the previous (and still available) "Creating Powerful Radio?" What, and who, is the new book for?
To read the rest of the article, click here
Valerie's reply: Beyond Powerful Radio is for anyone trying to navigate and become a more powerful communicator in the digital age...It's meant to be for a diverse audience of working broadcasters, both managers and talent, and people aspiring to do creative work, manage creative people or market content in any platform.
AllAccess: Speaking of Internet content, are there similarities in producing talk audio content for podcasts or streaming as opposed to broadcast?
Valerie's reply: Powerful, relevant content always wins the day. Good storytelling always works and it applies in any medium. What the internet gives you is the ability to enhance your storytelling by working with the visual component to integrate still images and video with lengthier print pieces with your audio stream or podcast. The internet also offers a new component, but it's not new to talk radio - that's the constant conversation with your audience.
To master the digital world:
2) Entertain and inform whether it is live or on-demand.
3) Keep in mind that shows that are downloaded may not be heard right away.
4) Conversely, you should also expect that when there's news of an immediate nature, or a big break in a story, people will still go to their radios, TVs, and computers with the expectation that you will give them the most immediate up-to-the moment information.
posted by Chris Kennedy @ Wednesday, May 04, 2011,
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Radio Can Expand Client Base By Thinking Media Mix
Radio Ink posted a good article earlier today that is worth pointing out and sharing with you. Labels: Ad dollars, Advertising, Media Mix, Radio, Radio Ink, Selling
In it, David Gifford writes on why advertisers must still use radio as part of the overall media advertising mix for ad buys.
He also explains why salespeople should know how to sell a mix of media. It's the way successful salespeople are making money these days...not just by only selling your own radio station or cluster. As Radio Ink states, if you are involved with radio sales, this is an article you are going to want to make copies of and pass out to your salespeople for your next sales meeting.
The good news: radio is not dead...if you adapt (eg. innovate) the content and the value of the selling message.
Among the highlights:Media Mix translates to adding more and different ad media. Adding more ad media increases reach. Increasing reach increases advertising's cost. And overspending on reach media at the expense of driving commercial messages home re-peat-ed-ly represents the biggest mistake in advertising today.
For the full article, click here.
Witness: Whereas Procter & Gamble can afford reach, effective reach, and frequency, even with its $8 billion global ad budget, P&G can not afford "effective frequency” without radio. Inasmuch as radio is advertising's primary frequency medium, Media Mix campaigns need radio!
With advertisers becoming increasingly aware of the importance of Media Mix in all size markets, radio's obvious imperative is to get included in as many Media Mix campaigns as possible. Growth money!...
A proactive, radio-driven Media Mix campaign might include a spot radio schedule, promotions, and/or big event sponsorships, texting and Twitter, website tie-ins linked to prospects' websites, direct mail to your listener database, point-of-purchase merchandising, and partnering with outdoor to help advertisers reach those active Lifestyle consumers when they’re out shopping.
HOW TO SELL MEDIA MIX
1. Target the largest non-radio national/regional/local advertisers who can afford Media Mix.
2. Ask direct non-radio advertisers and media planners if they're open to learning about a new breakthrough approach for media planning.
3. Teach the concept of Media Mix advertising (see below to qualify which ad media apply).
4. Sell ideas and solutions to make that happen.
posted by Chris Kennedy @ Monday, March 07, 2011,
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A Smart Viral Commercial
Love this online Smart Water commercial...great example of mocking viral videos while creating one. Does this mean 'Jen Aniston' can act as a spokesperson? Labels: Jennifer Aniston, Online Marketing, Viral Video
posted by Chris Kennedy @ Monday, March 07, 2011,
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How Disruptive Will Spotify Be?
Greg Nisbet says there is a "natural human compulsion to look for curators, human filters and processors". Labels: Greg Nisbet, On-demand, Spotify
That's why he thinks that Spotify and other on-demand services might not be as disruptive as the techno-leaders think they will be.
Good news for radio, storytellers and record company promo people.
More here
posted by Chris Kennedy @ Sunday, March 06, 2011,
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Better Design Can Innovate Stagnant Brands
Even if your form of traditional media or product category is stuck and mired in stagnation, you can find new growth again. Innovation comes not just from ideas or changed paradigms; at the heart of innovation is DESIGN.
Give designers - for example, in radio, this would mean Program Directors - the authority and resources to change the design of your product. This means for everything - from your workflow and staffing to branding and marketing to the product itself. For radio, this includes the on-air product as well as the website and other digital applications.
Too often in the age of corporate ownership and consolidation, mature (and stagnant) products get managed "by de facto committee", where real decisions keep getting deflected upward, downward and elsewhere - delayed for yet another meeting for more discussion and review until the idea finally gets old, stale and killed. For lots of reasons -- including fear, budget, adverse environment against "change", and much more.
Here, in this Ted.com video, new and completely fresh design has helped increase circulation sales for newspapers. Substantially. It required management approval and the courage to try something not ever done in the past nor previously expected from the product. It meant no interference from corporate above.
It meant giving design leaders the power to lead change. It's not about copying what everyone else is doing in a stagnant industry. It's about creating unique value in your marketplace no other product can provide.
Radio can do this, too...it just needs the courage.
posted by Chris Kennedy @ Friday, September 24, 2010,
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The New Rules: A Power Shift Re-Shaping Media
Labels: BCAB, Demographics, John Parikhal, Media trending, Power Shift, Rules
(republished from the July/August 2010 issue of Broadcast Dialogue Magazine)
John Parikhal, CEO of Joint Communications and author of The Baby Boom says there’s a power shift going on that’s re-shaping the media. As a result, old rules are being changed and new ones are being created.
The good news is that media can profit from the shift.
Five trends shaping everything are:
So what does this mean?
Boomers are lepers. No one wants to engage them. Nobody seems to do anything for boomers, despite the fact that almost 10% (approximately four million) of the Canadian population is between 55 and 64.
The disappearing middle is almost gone. In its place is the new middleman—either what Parikhal calls “atomized” or “gigantic”. An atomized middleman is one person operating as a reseller or an intermediary on the web. The gigantic middlemen are the likes of Amazon or iTunes. They’re between you and whatever the deal is.
In the always-on culture, people are connected 24/7. Speed beats accuracy. Getting it quickly is more important than getting it right. How often have we heard something to the effect of “Unconfirmed reports say that …”
People like the feeling of being connected. Parikhal’s concern is that we become increasingly sloppy thinkers as a result of the speed at which information is thrown at us. We accept things quickly and don’t check for fact. We live in a “skim and dive” world where we fulfill the “tribe need” and “my need”. We need to know what everybody else is checking out and this is a skim. And then there are people who need details; the divers. Media businesses need to decide to either serve the skimmer or diver; sometimes it’s possible to serve both but not that often.
Parikhal cautions against these two chaos elements: Cost of point and PPM. Cost of point results in commoditizing the industry or, as he says, the death of a thousand cuts. PPM is a disaster, he says, due to the small sample size. Instead of saying that “PPM is here, go with it”, it would be smarter in his opinion to either not participate or increase the sample size.
He advises that educating your advertisers is the best thing you can do. Transparency is here to stay. They want to see whether it works or not. The filter factor means that we don’t even notice advertising anymore. We have a filter for time, for attention and engagement, utility, story, and novelty.
Parikhal describes it this way: “I have a filter for novelty. It wants to be stimulated, with something new and different and it doesn’t last very long. I have a filter for utility, what’s the time, what’s the weather, does the Loonie go up or down today. I have a filter for story where certain kinds of stories really engage me and my filter keeps everything else out. I have a filter for attention and engagement.”
There are a few generational differences — boomers, busters and boomer digerati. Boomers have learned to set filters. When boomers first started watching TV and listening to the radio, commercials were well done and the environment fit, with rock stations selling stereos, top 40 selling bubble gum and Pepsi. They didn’t put up any filters. As people got older and bombarded more and more, they developed the mute button, the channel shifter, the DVR. But every time a boomer turns on a filter, it requires energy, so they usually are angry about the commercials.
Younger listeners and viewers have developed finer filters. Commercials may be blaring but are ignored until they hear something that interests them and they immediately tune into it. This begs the question: 'Who has the power now?' Innovators in radio and television have the power to do something about this. Companies that have really grown had innovation built into their structure.
Parikhal warns that innovation and creation should not be confused. Innovation means making changes to something that already exists by introducing new methods and ideas.
He suggests having a formal innovation plan in place to get innovation baked into the organization. Most important, the best ideas come from the bottom up and not from the top down.
Think about the consequences of people getting older. What do they want, what do they need? Consider becoming a digital middleman. Middlemen look at all the products sold, create blogs, they twitter, they provide information and get a percentage for every sale they make. Re-image your station from scratch by looking at these trends and ask yourself what should my business look like? What talent do I need? Is a digital middle man a new function?
posted by Chris Kennedy @ Monday, July 05, 2010,
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