Agency business commodity buying. It has everything to do with ratings, and if a station rep has a relationship with the media buyer, that can help. Agency is very transactional. Moreover, agencies do not make a lot of money for themselves buying radio. They make more when they buy TV because of the production costs, and like idiots, radio never figured out how to make money from production. They just do it for free.
Farid was an absolute idiot. One of the many major company CEOs that have destroyed the industry. Also with other geniuses like Bob Pittman. David Field was also a gentleman to me. When I was at ETM for so many years, he was a person I tried to emulate. To this day, we have a good relationship. I think the CBS merger changed the dynamic, and I am not sure it was for the better, but David and most of the ETM management was always wonderful to me.
Direct selling is where it’s at. There is only one thing you need to be a successful seller. An idea. Simple as that. If you have a great idea, it’s game over. I spend each and everyday thinking about ideas, and then presenting them to clients they apply to. I still love cold calling. I have always loved it. 100 percent commission. I just with I had more time to do it.
Every scenario is different. But radio still makes a ton of money. If you have a good product, and a good signal , the right people, and constantly look for ideas for clients, you will do great. Direct selling also gives you the opportunity to get to know your clients, on a personal and business level. It is very important to know what a client is going through. To put yourself in their shoes. Empathy is a key trait in sales.
Sales and programming need to understand each other and work hand in hand. You can’t have one, without the other.
I give radio sales executives every credit in the world. It’s not easy, but it can be very rewarding.