How do you manage relationships with media vendors and negotiate contracts to ensure favorable terms for your clients or company?

@gonzalo 

When answering this interview question, you should focus on highlighting your ability to manage relationships with media vendors and negotiate contracts that provide the best possible outcomes for your clients or company. Here are some tips on how to approach this question:

1. Highlight your experience: Provide examples of your previous work experience where you have successfully managed relationships with media vendors and negotiated favorable terms. Be sure to provide specific examples of your negotiation skills and the impact you have had on your company or client.
2. Explain your approach to relationship building: Discuss your strategies for building relationships with media vendors, such as regularly checking in with them, providing feedback on their performance, and addressing concerns promptly. Highlight how these strategies have helped you to establish positive relationships that benefit both parties.
3. Emphasize your negotiation skills: Discuss your approach to negotiating contracts and your ability to identify opportunities for cost savings or value-add services. Highlight your ability to communicate effectively and build rapport with vendors while maintaining a focus on the needs of your clients or company.
4. Show your awareness of industry trends: Demonstrate your knowledge of the media industry and your ability to keep up with current trends and developments. This will show that you are proactive in identifying opportunities for your clients or company and that you can effectively navigate changes in the industry.

Overall, when answering this question, it is important to emphasize your experience, negotiation skills, relationship-building strategies, and industry knowledge, all of which are crucial to successfully managing relationships with media vendors and negotiating favorable terms for your clients or company.