Tampa Tribune mining
useful ad reporting tool to monitor sales, performance
By Tara McMeekin and Marcelo Duran
Editors
The Tampa
(Fla.) Tribune knows what it means to work in a converged sales environment. In
addition to its daily paper, the publisher runs the local NBC television
affiliate, WFLA, and an online operation out of a single facility. It’s that
convergence that drove the paper to leverage additional sales tools.
“A few years back when we
started merging sales efforts, we became envious of the sales tools the TV
station had,” said Bruce Faulmann, The Tribune’s vice president of advertising
and marketing.
To that end, the daily
implemented Matrix Solutions’ 3-D Insight app, to augment its sales operations
anchored by Atex’ Mactive advertising software.
Monitors operations,
performance
The Matrix app goes a step
further than standard advertising apps to monitor strategic sales operations and
performance by letting users view, analyze and track high-visibility accounts
and thus identify possible advertiser attrition before it occurs, Matrix said.
The Tribune has used the app
for about two years.
“We worked with Matrix to
develop a connection with our database of billing and ordering information to
customize it in hopes of being able to look at our total enterprise-wide
spending at an account level, and to really manage collectively in a converged
world,” Faulmann said.
Compared to standard
advertising app tools that are often built from the finance perspective,
Faulmann said Matrix understands and addresses the reasons why a sales manager
would want particular information.
“Matrix seemed to have a good
understanding of what sales managers need to get out of the information,” he
said.
The Tribune’s staff was
trained on the software in a 45-minute webinar. Data can be set up by sales
teams and modifications to change report parameters can be made quickly and
easily, the publisher said.
“We’ve been able to modify the
reports to look for specific things that we wanted to target,” said recruitment
manager Greg Aarons. “One of the things we use it for is to go after clients who
for one reason or another stopped advertising with us over a certain period of
time.”
The app gives users
information that aids in targeting those advertisers and identifying possible
trends or service issues that may have led them to stop advertising.
The Matrix app allows The
Tribune’s sales staff to extract everyday data out of its Mactive software and
generate reports detailing revenue to date.
The Tribune even began
conducting weekly meetings based on ranking reports generated by Matrix.
“We can see how each client
we’re responsible for is ranking in comparison to the same period a year prior,
and then have the account manager let us know how they’re going to finish out
for that period of time,” said Allane Taormina, recruitment sales manager for
the paper.
The 80/20 rule
Aarons said The Tribune
operates on the 80/20 rule — that 80 percent of business is likely going to come
from 20 percent of your clients, and Matrix’ reports rank all of the clients
based on the percentage of revenues of the total net.
“It’s very easy for us to go
down the list to see the top 20 percent of our clients or the top 80 percent of
our clients and focus on those clients to generate incremental revenue,” he
said.
The Elko (Nev.) Daily Free
Press recently purchased Matrix 3-D Insight, and the vendor said it also
recently signed a deal with an undisclosed publishing group for three of its
papers.