WhatTheyThink

Premium Commentary & Analysis

The Four "P"s of Cross-Media Selling

Selling a cross-media solution in today's market requires four critical attributes, namely Proactivity, Proficiency, Patience, and Performance. This article cites recent research from InfoTrends to outline the four "P"s of a successful cross-media sales approach.

Thursday, August 25, 2011

Most of us are already familiar with the four "P"s of marketing. They include Product, Price, Promotion, and Placement. With the challenges surrounding the sale of a cross-media solution, InfoTrends has identified four "P"s for a successful cross-media sales approach. Selling a cross-media solution in today's market requires the following critical attributes:

Proactivity
Proficiency
Patience
Performance

In today's economy, business doesn't come to you on served on a silver platter. In the past, printers were transaction-driven and were able to wait for customers to reorder jobs, but today's salespeople must proactively seek projects and clients.

Customers don't come knocking on your door anymore, so you have to drum up your own business. Business owners and salespeople commonly complain that there's not enough business out there, or that they're struggling to find new clients when nobody is spending money on marketing and advertising. The truth is that people are still spending money, but they are spending it differently.

In late 2010, InfoTrends published a Multi-Client study entitled The Cross-Media Direct Marketing Opportunity. Over 500 marketers were asked how many different types of media they used for a typical direct marketing campaign, and the average number was three. This means that salespeople who are focused only on printing are missing two-thirds of the business opportunity.


Figure 1: How many different types of media does your company use for a typical direct marketing campaign?


Continue reading your article
with a WhatTheyThink membership.

WhatTheyThink Annual Membership

Less than $4/week.

Get unlimited access to in-depth commentary and analysis covering the latest trends, emerging technologies, operational strategies, and key events across every segment of today's printing industry.

Stay informed. Stay competitive. Stay ahead.
WhatTheyThink Day Pass

$5 for 24 hours

Unlimited access to all of WhatTheyThink. Get your Day Pass

Already a member?
Sign In

About Barb Pellow

A digital printing and publishing pioneer, marketing expert and Group Director at InfoTrends, Barbara Pellow helps companies develop multi-media strategies that ride the information wave. Barb brings the knowledge and skills to help companies expand and grow business opportunity.

Please offer your feedback to Barb. She can be reached at [email protected].

Recent Articles from Barb Pellow

It’s an Omni-Channel World… Especially During the Holidays!

This holiday season, savvy retailers are working to meet customers on the channels where they are shopping and buying, whether it’s in a physical store, online, or via social media. This article highlights how various retailers are driving sales and encouraging engagement with multi-channel integrated campaigns. Read More

Differentiating Your Business with Wide Format

Wide format printing is a profitable and complementary product offering for print service providers that are seeking new markets and higher-margin businesses. This article discusses the three key practices for success in this market. Read More

It’s Time to Take the 15 Page a Day Challenge… and Share it with Friends!

This past July, the Paper and Packaging Board launched its 15 Pages a Day Challenge, which encourages everyone to commit to reading 15 pages each day. This article cites recent research to highlight the benefits of reading on paper and also provides information on the challenge. Read More

Industry 4.0 Will be Everywhere at Print 2017

Many historians agree that there have been three industrial revolutions to date, but interconnected digital technology might be triggering the fourth. Print 2017 is nearly upon us, and the concept of “Industry 4.0” will likely be a major theme at the event. This article discusses some of the Print 2017 advancements that are expected to change how print is manufactured, what service providers produce, and who print service providers will become as they transform their businesses to better align with digital technologies. Read More

Pricing Strategy: Labor Theory of Value versus Value-based Pricing

Companies within in the printing industry have historically had a manufacturing mentality—they subscribe to the labor theory of value, which states that the value of a service is determined by the amount of labor that goes into production. Now, thousands of firms in a variety of industries are pricing their services according to the external value created—as perceived and determined by the client—rather than the internal costs incurred in generating services. This article explores the concept of value-based pricing and highlights some real-world examples of companies that are embracing this strategy. Read More