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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 />

41

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