Cornwall's 105 to 107 Itchy FM - Ofcom Licensing
Cornwall's 105 to 107 Itchy FM - Ofcom Licensing
Cornwall's 105 to 107 Itchy FM - Ofcom Licensing
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In addition, IMD Group’s local sales force will be able <strong>to</strong> refer business <strong>to</strong> <strong>Itchy</strong> <strong>FM</strong>. IMD Group’s<br />
national client relationships will enable station events <strong>to</strong> be sponsored by national brands, and a<br />
national sales agency will focus on national spot sales.<br />
Emphasis on wide range of commercial activity<br />
As set out previously, <strong>Itchy</strong> <strong>FM</strong> has identified and researched nine different revenue streams, broadly<br />
falling in<strong>to</strong> three inven<strong>to</strong>ry areas for servicing:<br />
1. Local: spots, programme sponsorship, outside broadcasts, on-air promotions<br />
2. National: Large event sponsorship, sampling activity, data capture and data sales<br />
3. Consumer revenue: Music downloads, SMS, publications<br />
Local commercial activity<br />
The Cornwall business, education, social community has made the <strong>Itchy</strong> <strong>FM</strong> bid team very aware of the<br />
difficulties they each currently face reaching the youth market as no one media channel targets<br />
significant numbers in a credible or accountable way. From their enthusiastic support for our<br />
application we are confident that many of these businesses and organisations will adopt <strong>Itchy</strong> <strong>FM</strong> as<br />
their preferred marketing channel.<br />
Commercial trial<br />
During the course of the year, the underlying principle of IMD Radio Cornwall’s local sales strategy will be<br />
<strong>to</strong> sell effective campaigns <strong>to</strong> the majority of the county’s key local youth targeting business 'on air' within<br />
twelve months of launching. For many of our target advertisers, a large part of their business is reliant<br />
upon the youth market, and as such many businesses have developed <strong>to</strong> specifically target young people<br />
within the county. As such, the station will benefit from a large number of potential clients across the<br />
county, currently frustrated by the lack of opportunities <strong>to</strong> enable effective communication with this valuable<br />
demographic.<br />
Due <strong>to</strong> the geographic spread of Cornwall, IMD believes that many of these clients will be smaller<br />
businesses. Subsequently, one of our methods <strong>to</strong> grow local advertising will be through providing a<br />
fresh, targeted media opportunity for the many smaller advertisers for whom other media channels are<br />
either <strong>to</strong>o expensive, demographically wasteful or geographically limited. Our split transmitters will<br />
enable East / West campaign optimisation and act as an incentive for many of the County’s smaller<br />
businesses – those having a turnover of less than £500,000 (35%), <strong>to</strong> try radio advertising as part of<br />
their marketing activity 4 .<br />
Through IMD’s local sales training programme, local sales staff will be encouraged <strong>to</strong> sell campaigns that<br />
will secure the best possible chance of generating repeat business. This fac<strong>to</strong>r reiterates the importance<br />
of an integrated approach <strong>to</strong> the sale of advertising on the Cornwall youth station.<br />
We will demonstrate <strong>Itchy</strong> <strong>FM</strong>’s ability <strong>to</strong> reach the lucrative youth market with minimal wastage, in a<br />
cost-effective manner, against all other media options. Attracting a broad brand count will also<br />
encourage other less obvious advertisers (including seasonal businesses) <strong>to</strong> use the station whenever<br />
they wish <strong>to</strong> communicate with the youth market in Cornwall.<br />
“As a new high end clothing range based in Cornwall, we would welcome the opportunity <strong>to</strong> promote<br />
our business on a cool local radio station with lots of young people listening!” –<br />
Chris Dart, Owner / Co-Founder - Lief Clothing<br />
Alongside integrated campaign planning, our local sales staff will be trained <strong>to</strong> plan and implement<br />
airtime campaigns that will achieve quantifiable results for the client, whether through sufficient<br />
weighting of ad campaigns, creative copy, supporting activity or a combination of all three. This will<br />
enable our clients <strong>to</strong> trust <strong>Itchy</strong> <strong>FM</strong>, and will increase the ability for our staff <strong>to</strong> recommend future<br />
campaigns.<br />
4 Source: Cornwall Enterprise, 2004<br />
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