Media ad sellers work in a complicated space, which is a challenge for revenue leaders. There are endless numbers of potential advertisers, but a limited number of hours in a day and sellers on a team. To cut out the clutter and focus on the right customers, winning media companies create revenue segments.
Revenue segments are the defined group of prospects and clients that have the attributes to create an opportunity. Grouping your target customers by similarities allows for a more effective go-to-market channel design. Many models focus on firmographic variables, such as company size and location. While this might be easier to implement, a more sophisticated and profitable approach is to factor in behavioral attributes that get at the buyer’s needs and tendencies.
The goal of this exercise is to get an assessment of the market and provide a foundation for the go-to-customer model. Here are a few ways to help answer those questions:
This intelligence will enable you to align customer personas to effectively target opportunities for your sales organization. The next step is figuring out how to align coverage of the segments within the sales structure between key account managers, field and inside sales teams.
How the Alexander Group Can Help
Meeting customer needs and growing revenue is a big challenge right now in the media industry. The proliferation of digital options and changes to customer buying preferences mean ad sales teams need to adapt.
If you need guidance in assessing and transforming your sales organization, please contact the Alexander Group’s media team.
Want more insights? Explore Alexander Group Resources.