Wednesday, May 21, 2014

The Music Distribution Services Presentation



You truly are a wondrous person with much to offer. You’re a champion, after all. 

Now all you have to do is let your potential artists discover that for themselves. And how do people learn? They’re taught, that’s how. Part of your task as a professional A&R is to act as an instructor and a lot of this instructing takes place in the presentation phase of marketing.

The presentation phase for music services addresses four basic, yet critical subjects. These are:
  •         Who we are
  •        What we’ve done
  •      What we’ll do for you
  •         The amount of investment required to accomplish your music distribution goals
If you are to master the art of selling music services, you must teach these core “lessons” within your presentation and you must teach them thoroughly. Until your prospective artists fully understand the information in these areas, they will give you verbal and visual cues you need to pay attention to in order to proceed with the sales process. Just as any teacher in any classroom, you must educate so that your students can formulate questions which then allow you to provide even more education – specifically how your offering perfectly matches their specific distribution needs.

People Need Three Things from a Presentation

As any good teacher knows, not everything someone needs or thinks he or she needs is necessarily good for them. When it comes to presentations, all legitimate prospective clients have three basic needs and since these are logical and also help you build toward the close, it’s important that you cover these essential bases.

    People need to feel that they are being educated. As a professional this is one of your major goals. It is also important to make sure that these artists know that they are being educated. Information and education are effective tools and like any tool they can be abused. A manipulator will withhold or use information to gain an advantage over a prospective client. A champion A&R uses the same tools to discover and meet real needs and more directly involve the potential client in the process.

    People need to be motivated. Even if you’re offering the most exciting and perfect music distribution solution, if you don’t transmit your own excitement to them, they won’t be motivated to own. If you think back, I’m sure you’ll agree that your best teachers were the ones who were able to get you excited about the subject at hand. That can be a real challenge for you because the artist you are serving are probably on an emotional roller-coaster ride. One minute they’re totally happy and excited and the next they’re scared and depressed. As their A&R (teacher) it is your job to keep their spirits up and motivate them to (1) continue with the distribution process and (2) see the wisdom of getting involved with our offering.

    People need to have fun. Again, which teachers made the biggest impact on your education? Those who made learning an exciting and fun adventure top my personal list. I realize that marketing musical distribution services is a serious matter and it should be given all due respect. But your artists and potential artists need to enjoy the process. It’s perfectly okay to joke around during a presentation, provided it’s appropriate and you keep things under control. Anything you can do to reduce the tension helps you make your points and serve their needs.

PMG offers innovative marketing strategies to successful Artists, Managers, and independent labels who count on us to provide responsive, personal service and strategic brand management. Ultimately, our goal is to establish long-lasting relationships built on integrity and mutual trust as we help guide our clients along the path toward commercial well-being.

Understanding Your Potential Talent’s Fear When Presenting Music Distribution Services


      
     Think for a moment about what the greatest enemy is to the process of helping people come to a decision that’s truly good for them. What is it that jumps in and brings presentations that were previously sailing smoothly along to a screeching halt? You may think it’s the financial aspects of your offering. Perhaps you think it’s the prospective client’s inability to make a decision.

     Well, if you think any of those things, you are right. But, with selling being what it is — a bottom line business — let’s dig deeper and find the bottom line of what lies between you and your ‘future client’ coming to an agreement.

     If you look at all the enemies to the sale that you and your associates can come up with, you’ll find they have a common denominator. That common denominator is a thing called FEAR. Fear is the greatest enemy you’ll ever encounter as a music services professional. This includes your fear, the potential client’s fear, market and trend fears and so on.

     What do A&Rs fear? We fear saying or doing things that may halt a potential sale. Hopefully, you’ll learn to recognize and conquer that fear through continued education, practice, drill and rehearsal of strategies and tactics that will keep you ahead of the pack.

     A tough part of our jobs as A&Rs is in helping others understand and overcome their own fears so we can earn the opportunity to help them make decisions. Fear is what builds that wall of resistance we so often run into. We must master the skills to either climb over or break through those walls. When you recognize your potential artists’ fears as barriers to giving them excellent service, you are then ready to learn how to dismantle walls, one brick at a time, thus gaining their confidence and trust.

Your #1 goal is to get them to like you and trust you

by serving them with warmth and empathy.

     The first step in accomplishing this is to show them you understand and offer reassurance and a bit of education.

     Here are some other common, normal and potentially paralyzing fears that many people face in decision-making situations and what you should do about them.

     1. Your prospective client is initially afraid of you. This is simply because you are in the BIZ. I think you’ll agree with me that most people do not generally accept A&Rs with open arms. Even if you are going to help someone you already know — a friend or acquaintance or even a relative — when you get down to business, certain fears will arise. It’s bound to happen in 99% of your presentations. (I’ll give you a 1% non-fear situation with your parents or grandparents, simply because in most cases they’ll believe in you and trust you no matter what role you play with them.)

     What do you do about the others?
     Accept it. There are some people who are going to be afraid of you just as there are patients who are panic-stricken when they have appointments with doctors or dentists. What you need to do to conquer the ‘A&R’ fear is to master the skill of putting people at ease. Learn to use a relaxed manner and tone of voice. Use rapport-setting comments and questions that show them you are interested in the people who are making the decisions, not just in doing business.

     2. They have a fear of making a mistake. We’ve all made decisions we’ve later regretted. When you are the A&R, your prospective client must recognize you as an expert. You know this distribution business. You should have knowledge about aspects of our product that they haven’t even considered. To help people overcome the fear of making a mistake, you need to lay out all the details they require in an easy-to-understand manner. Once they gain confidence in their new-found knowledge, making a decision will be easy.

     3. They fear being lied to. Face it. The music business profession is still suffering from the antics of those less-than-scrupulous folks who used to be known to say anything to ‘close the deal.’  This is where your literature, testimonial letters and referrals come in. People are more likely to believe the written word than the spoken word. So let them read the good news about our company for themselves. Let them see how happy the artist you currently serve as clients are.

     4. They’re afraid of owing money. Most people have a tremendous fear of debt. Covering the financial details very carefully is critical. Take as much time as they need to comprehend what they’re agreeing to. Ask them questions to assure you and them that they do understand the benefits and risks (if any) of the particular music service arrangement you’re recommending. Your next move would be to re-iterate everything you will do for them so they aren’t overwhelmed by the details.

     5. Many people are afraid of losing face. Have you ever made a poor decision that was big enough that most of your friends and family members knew about it?  If you have, you know exactly what I mean here. If not, believe me when I say it can be totally demeaning and embarrassing. Often a situation like that makes you feel like a child again — insecure and powerless.

     For that reason, many potential clients will stall making the decision to own our product or service. Knowing that this could be a challenge, your primary goal should be to help them feel secure with you. Let them know they are not relinquishing total power to you. You are simply acting on their behalf, performing a service they need to have done.

     6. They are afraid of the unknown. A lack of understanding is a reasonable cause for delaying any transaction. If our company has national name recognition, that should help eliminate some of this fear. I suggest you work with your fellow representatives, independent labels and artist to earn a great local reputation. It will save you a lot of time over the years. Selling music distribution services is little more than a matter of educating people on the benefits of doing business with you. Once you educate them, they will feel confident they are making a wise decision.
     Some of A&R’s most common fears may seem irrational to you, but remember, you are an educated, professional expert. You have eliminated the unknown from being a potential fear through your own education and personal experience in the business. You have already been involved in more transactions in your career than the average artist will be in his or her entire lifetime (unless they join the ranks of A&R professionals themselves.)

     7. Your decision-makers may have had bad past experience with a music biz manager or with a product like ours. Have they ever made a decision like this before?  If not, it’ll be like going back to kindergarten for the teacher in you. You’ll have to bring them up to speed on exactly what to expect to receive in exchange for their hard-earned money before you can expect them to make a decision.

     If they have made a decision like this before, what kind of experience was it for them? You need to ask the proper questions to get those answers. If they hesitate to tell you, you may assume it was a bad past experience and you’ll have to overcome a lot more fear than if they’ve never been involved in this type of purchase before.

     8. Their fear may be based on third-party information. Someone they admire or respect may have given them some advice that holds them back from making a decision. That third-party will mentally stand between you and them until you convince or persuade them that you can help them more than that person because you are the expert. You’ll have to work hard to earn their trust. You may even have to enlist the aid of some of your past happy clients as references.

You must be prepared to do whatever it takes

to replace any fears they may have

with confidence in the decision they’re making

and in the service you will provide.


     No one wants to handle a transaction in which the client may be dissatisfied with the result. Believe me, there will be cases where the grief you will get from that client won’t be worth the fee you’ll earn. It doesn’t happen often, but you must go into every presentation with a very curious interest in the who, what, when, where and why of the situation. When you’ve satisfied yourself that this decision is in their best interest, then it’s your duty as an expert in the music industry to convince them that this decision is truly good for them.
  
 PMG offers innovative marketing strategies to successful Artists, Managers, and independent labels who count on us to provide responsive, personal service and strategic brand management. Ultimately, our goal is to establish long-lasting relationships built on integrity and mutual trust as we help guide our clients along the path toward commercial well-being.

Reasons Artist Don’t Do Business With You


Seasoned A&Rs will have a longer list of reasons people don’t do business with them, but here are the six most common reasons I know.

    Insecurity. The positive feeling your presentation creates must outweigh the negative feeling they have about giving you their money for distribution services. For most people money equates to security. For some there may have been a period of lack in their pasts. So, they don’t part with their money easily. Your job is to help them rationalize that they’ll be better off with the benefits of our product than they will be if they hold on to the money.

    Indecision. Some people are never master good decision-making skills. They’re so afraid that they just freeze, like deer do in oncoming headlights. Your job is to make them comfortable with the concept that any decision is better than no decision. Keeping themselves in limbo by not making a decision is really a time waster for them (and you).

    Procrastination. My definition of procrastination is this:  Living yesterday. Avoiding today, and thus ruining tomorrow. When the benefits of your product are truly good for your artist, it’s your obligation as a professional A&R to help them overcome procrastination and get on with enjoying the music service benefits.

    Money. Either they have it or they don’t. If they don’t, and you can’t help them discover a way to get some, the sale is dead. Top A&Rs, though, are experts at helping people get creative about coming up with the money when the product is truly beneficial for them.

    They were never asked. Say what? Yep. When surveyed after non-sales situations, a very high percentage of artists ratted you out. They said they were never asked to buy distribution services. Hence, my lesson about asking, clearly, concisely and directly for the order, their money, the business — whatever phraseology you use. You must ask!

    Fear. The first five reasons above could all fall into this reason. When people are afraid they are uncomfortable. When they are uncomfortable, they can become confused as to why they’re even talking with you.

PMG offers innovative marketing strategies to successful Artists, Managers, and independent labels who count on us to provide responsive, personal service and strategic brand management. Ultimately, our goal is to establish long-lasting relationships built on integrity and mutual trust as we help guide our clients along the path toward commercial well-being.

Seasoned sales pros will have a longer list of reasons people don’t buy, but here are the six most common reasons I know.
  1. Insecurity. The positive feeling your presentation creates must outweigh the negative feeling they have about giving you their money. For most people money equates to security. For some there may have been a period of lack in their pasts. So, they don’t part with their money easily. Your job is to help them rationalize that they’ll be better off with the benefits of your product than they will be if they hold on to the money.
  2. Indecision. Some people are never master good decision-making skills. They’re so afraid that they just freeze, like deer do in oncoming headlights. Your job is to make them comfortable with the concept that any decision is better than no decision. Keeping themselves in limbo by not making a decision is really a time waster for them (and you).
  3. Procrastination. My definition of procrastination is this:  Living yesterday. Avoiding today, and thus ruining tomorrow. When the benefits of your product are truly good for your buyers, it’s your obligation as a sales professional to help them overcome procrastination and get on with enjoying the benefits.
  4. Money. Either they have it or they don’t. If they don’t, and you can’t help them discover a way to get some, the sale is dead. Top sales pros, though, are experts at helping people get creative about coming up with the money when the product is truly beneficial for them.
  5. They were never asked. Say what? Yep. When surveyed after non-sales situations, a very high percentage of buyers ratted you out. They said they were never asked to buy. Hence, my lesson about asking, clearly, concisely and directly for the order, their money, the business — whatever phraseology you use in your field. You must ask!
  6. Fear. The first  five reasons above could all fall into this reason. When people are afraid they are uncomfortable. When they are uncomfortable, they can become confused as to why they’re even talking with you.
- See more at: http://www.tomhopkins.com/blog/#sthash.zXhKYpZI.dpuf

CNBC: ‘Money Talks’

Darin Notaro says he feels “absolutely horrible” about scamming senior citizens out of more than $200,000 when he was younger.

The Las Vegas “sports betting consultant” — and star of CNBC’s upcoming reality series MONEY TALKS — was one of six employees of Century Pacific Group who were sent to the slammer in 1999 for their part in a boiler room-style fraud.

“I was doing what they call sweepstakes telemarketing,” he told TV writers in Los Angeles last week.

According to a published report, the unsuspecting seniors he cold-called were required to pay up to $699 to claim their prizes — which often turned out to be completely worthless.

“It was my first job I had ever done, but I was good at it,” Notaro says.

“My junior year in high school I made, like, $200,000.  My senior year I made $300,000.  So my sales skills ended up landing me in jail [for 18 months].”

“I feel absolutely horrible about it.  I realized what I did.  I take full responsibility for what I did.  As a 19 year-old kid, I didn’t realize what was going on.”

After his release, Notaro was prohibited from participating in any form of telemarketing. “But as a young kid, I knew nothing else to do,” he said.

“So…I went back to prison for a violation of probation.”

Now 40 (and a new father), Notaro has reinvented himself as Steve Stevens, owner of Las Vegas-based VIP Sports.

“I am not a bookie, I’m a bookie killer,” he declares in the premiere episode of MONEY TALKS, airing March 19.

For a fee of $250 a week Notaro will give you tips on which teams to bet on in major college and pro sports.  [He also charges a 30 percent commission once clients start making money].

“I needed another start,” he says.  “The only thing I knew was telemarketing.  So I ended up taking my passion for sports betting, which I’ve always been good at, and turned it into a lucrative business making money.

“I’m still telemarketing, closing deals, because after all, if you have all the winning games in the world, if you don’t have any people to give them to, your games really don’t mean nothing.  So it’s a sale.  In other words, I need to convince you to trust me.  Then I have to showcase my talent.”

When the program was first announced last summer, several well known oddsmakers denounced Notaro/Stevens as a fraud.  Others claimed they had never heard of him.

“Those are guys in my business who want to be me,” he insists.  “The only reason why they are talking about me is because they want to get a link to me so it goes to their website.

“I’m in a dying business right now.  This is a dog eat dog world in my business.  I have accomplished something that people have been trying to do in my business for 40 years and never could, and I say to those guys, ‘Keep talking,’ because they got me here.”

Saturday, April 26, 2014

Using Phone and Email for Sales Conversions

http://rivalry.com/wp-content/uploads/2014/01/abc.jpgHow to Best Use Phone and Email for Contact and Conversion Success.

“Lead response persistence is critical to maximize conversion. Making more than one call and sending even just one email can have a positive impact on lead conversion, yet 50% of leads are never called a second time and 59% of leads never receive an email.”

When leaving a voice message for a new lead keep it simple. Leave your name and number twice – once at the beginning of the message; again at the end.

Refer to the fact that you’re calling about the information they requested. Then, state a benefit of your offering to pique their curiosity to learn more (thus increasing the chances they’ll either return your call or accept your next follow up call.)

Examples:

   “ I’m calling with the information you requested regarding improving both the exposure and the distribution of your music.”

    “You requested information about how to monetize your music portfolio so you can enjoy greater peace of mind in your future.”

Be certain to let them know when you are able to be reached and how.

    I can be reached this evening until 7:00 PM at 800-555-1111, extension 222.

Assure them of your desire to serve and tell them that you will call again and when.

    “We are happy to answer any questions you might have. Please know that we do not believe in high-pressure selling of any kind. Providing you with the information you requested is our only desire on this call. If we do not hear back from you, we will reach out to you again to ensure your needs are met.”

By using non-threatening language, expressing a desire to serve, and hitting their hot buttons for the benefits they wish to gain from your offering, you will greatly increase the possibility that your leads will call you back.

Immediately follow up the phone call with an email expressing similar information:

    Good evening, Ms. Johnson. Per your request, I am reaching out to you to provide information regarding both the exposure and the distribution of your music. At Palace Music Group, we pride ourselves on helping our clients fulfill their needs as effectively and economically as possible. I would be happy to share additional information and answer any questions you have. I can be reached via return email or by phone at 800-555-1111, extension 222. If there is a best time of day to reach you, please let me know. I will follow up with you by phone tomorrow. Thank you for your interest in what Palace Music Group can do for you.

The follow up phone call should begin with a question about whether or not they received your email. If they did not, you may need to update their email contact information.

The real key to the success of any follow up system is in scheduling the additional follow ups and then following through. Average salespeople have a tendency to talk themselves out of making follow up calls if an initial call does not result in something positive. When working leads is viewed as a game, the fear of rejection or failure is lessened and results improve. Set a limit to the minimum number of calls to be made in a day. When you leave a message, be happy that you reached the right person and move onto the next one rather than getting down over not making a sale.

Using Phone and Email for Sales Conversions

phone email iconsAccording to Leads360′s latest report, The Ultimate Contact Strategy – How to Best Use Phone and Email for Contact and Conversion Success, “Lead response persistence is critical to maximize conversion. Making more than one call and sending even just one email can have a positive impact on lead conversion, yet 50% of leads are never called a second time and 59% of leads never receive an email.”
When leaving a voice message for a new lead keep it simple. Leave your name and number twice – once at the beginning of the message. Again at the end. Refer to the fact that you’re calling about the information they requested. Then, state a benefit of your offering to pique their curiosity to learn more (thus increasing the chances they’ll either return your call or accept your next follow up call.)
Examples:
  • I’m calling with the information you requested regarding improving both the appearance and health of your facility/home. (Maintenance services, carpet or A/C duct cleaning)
  • You requested information about how to enhance your retirement portfolio so you can enjoy greater peace of mind about your future. (financial services, specific investment opportunities)
Be certain to let them know when you are able to be reached and how.
  • I can be reached this evening until 7:00 PM at 800-555-1111, extension 222.
Assure them of your desire to serve and tell them that you will call again and when.
  • We are happy to answer any questions you might have. Please know that we do not believe in high-pressure selling of any kind. Providing you with the information you requested is our only desire on this call. If we do not hear back from you, we will reach out to you again to ensure your needs are met.
By using non-threatening language, expressing a desire to serve, and hitting their hot buttons for the benefits they wish to gain from your offering, you will greatly increase the possibility that your leads will call you back.
Immediately follow up the phone call with an email expressing similar information:
  • Good evening, Ms. Johnson. Per your request, I am reaching out to you to provide information regarding both the appearance and the health of your facility. At ABC Company, we pride ourselves on helping our clients fulfill their needs as effectively and economically as possible. I would be happy to share additional information and answer any questions you have. I can be reached via return email or by phone at 800-555-1111, extension 222. If there is a best time of day to reach you, please let me know. I will follow up with you by phone tomorrow. Thank you for your interest in what ABC Company can do for you.
The follow up phone call should begin with a question about whether or not they received your email. If they did not, you may need to update their email contact information.
The real key to the success of any follow up system is in scheduling the additional follow ups and then following through. Average salespeople have a tendency to talk themselves out of making follow up calls if an initial call does not result in something positive. When working leads is viewed as a game, the fear of rejection or failure is lessened and results improve. Set a limit to the minimum number of calls to be made in a day. When you leave a message, be happy that you reached the right person and move onto the next one rather than getting down over not making a sale.
- See more at: http://www.tomhopkins.com/blog/initial_contact/using-phone-and-email-for-sales-conversions#sthash.NSL36ARN.dpuf