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Is The Stock Market Freaking Out Your Advertising Agency?

Peter · February 10, 2016 · Leave a Comment

As In… Are We Heading Towards Another Recession??

freak-out-and-trhow-stuffI’ve been doing this advertising agency thing for a long time. Started in the 1980’s and have gone through 5 recessions. Each time, clients got nervous. Many pulled their advertising back but some (the ones we loved) actually added to their budgets to gain market share when their competitors pulled back.

Here is a chart of the recessions. Of course, the most recent recession was a major killer coming just as digital media hit. Traditional agencies really got smacked down.

recession

 

 

 

 

 

 

 

 

Our 2016 401K Freakout

[Read more…] about Is The Stock Market Freaking Out Your Advertising Agency?

Seen The WPP Worldview?

Peter · January 31, 2016 · Leave a Comment

WPP’s Worldview — Too Wide?

bigHow do we wind up by ‘accident’ in unintended places on the Internet? It often (very!) seems soooo random. I just stumbled upon WPP’s PR site on a quiet Sunday when I should be somewhere else and saw the following chart that gives the WPP internal corporate view of their vast agency and services universe. Did I say vast?

If you were a prospective network client, would you view this cavalcade of companies as being a …

Pick one.

Turn on?

Turn off?

Me? I find the sheer number of logos a bit freaky and am turned off. Why? Because as an ex-Saatchi & Saatchi global-behemoth-employee (i.e. the old days) who worked across many global Saatchi offices and companies, I know for a fact that these various owned agencies do not / cannot work well with each other. They have P&L (and ego) battles. Understatement.

Look, I am sure that WPP management kinda says that all of these various companies work super well together. But, when you are an individual agency CEO with P&L responsibility, and your bonus is predicated on profitability and great work at your agency, how can you really stand out if you have to UBER collaborate? Like, and let’s keep this easy– like how to you divvy up the client’s moolah between other voracious CEO’s?

OK, back to the WPP Mega chart.

By the way, who, because logo positioning isn’t random, decided that the AKQA logo goes first? I’m trying to imagine the conversations leading to finalizing the layout.

(Oh, one more thing. Willing to think small(er) —  Here is an agency that is totally positioned against the need for the global behemoth approach.)

wpp_logos_jun15

Keep It Simple Stupid

Peter · January 5, 2016 · Leave a Comment

KISS. Keep It Simple Stupid Is One Of My Mantras

download tomToo often advertising and digital agencies overstuff their messaging with the goal of telling future clients that they can do anything that the client needs. It goes from the idea of the full-service agency (we do ads, TV, radio, brochures, websites, SEO, content, social, PPC, and on…) to we do digital (PPC, SEM, landing pages, mobile, social, content, analytics, remarketing and on). This kitchen sink approach tends to overwhelm the agency’s messaging, reduces any sense of focus and is often perceived as mission impossible by clients who  do not think that a mobile agency can also be an expert at programmatic buying and eCommerce management and — pick more.

That’s Why I Preach: KISS

Keep your agency brand positioning focused. Keep your messaging focused. Keep focussed on business development. Focus your social media and thought leadership. Focus on the type of clients you want and can get (that isn’t every client in the universe).

Speaking of KISS — Tim Ferriss’s weekly broadcast email turned me on to this story from Rhode Island’s late George Germon – a very special chef and restaurant owner. I had the pleasure of dining at Al Forno, his fantastic Providence restaurant. Read on to get a taste of the power of simplicity.

George Germon On The Power Of Simplicity

George Germon (co-owner of the famed Al Forno restaurant) recounts an experience that he says he’ll never forget. “I was visiting some people in England who had a four- or five-year-old daughter. They weren’t around, but I was in the kitchen and the little girl pulled a chair over to the stove and started heating up a pan, saying she was going to make tomato soup,” he remembers. After getting the little girl’s assurance that her parents allowed her to do so, Germon says he watched her heat some butter in the pan, then take out a knife and cutting board and chop some tomatoes. She cooked the tomatoes in the butter for about 3 minutes, and then added a little salt and a little cream.

“Would you like some?” she asked Germon, who politely replied, “Sure!” Once he tasted it, Germon says he was absolutely floored. “It was unbelievable,” he says. “I couldn’t believe that something tasted as good as it did with so few ingredients.”

Al Forno’s menu features a potato soup that’s equally simple. “It has just four ingredients: potatoes, onions, butter, and water. That’s it,” says Germon. “And when our cooks first made it, they kept asking, ‘What’s the next step?’” Johanne Killeen remembers, “They found it impossible to believe that anything wonderful could result from four ingredients!”

 

So… What’s your tomato?

 

My 500th & Most Valuable Advertising Blog Post About Saatchi

Peter · December 10, 2015 · Leave a Comment

Wowzer – This Is My 500th Blog Post

BLOGI  started blogging a few years ago to help promote my ad agency Citrus. We were early and, I have to admit, the blog world was a bit less crowded in the mid-2000’s. Today with over 3,000 marketing services blogs, agency blogs have to work a lot harder and smarter. I’ve tried to do just that here.

To commemorate this personal milestone, I want to make sure that this 500th post is highly valuable to my readership – that’s you. After I ramble a bit about what I think are some of my most useful advertising agency insights, I am going to discuss the essentials of my blogging system as a final point. This system works for me as virtually all of my business leads come from this blog as well as LinkedIn, Twitter, Slideshare and guest posting which are tied into the blog. These social media actions are directed by very clear objectives and are focused on targeting ‘you’ via the use of personas. I can tell you that, if used correctly, social media is a highly effective inbound marketing platform. But, you know that.

I believe that many of my past posts have provided value since they have been read over 159,000 times, have been shared across the web and, most importantly, drive those sweet incoming leads from agencies (hopefully like yours) that are looking for growth strategies.

Here Are My Top Posts

As you’ll see, my second most read post at over 9,000! covers the worst advertising pitch and presentation ever.

top posts

“The Worst Advertising Agency Presentation – Ever”  is about a Saatchi & Saatchi pitch debacle and was one of the reasons I wrote my book on how to run winning pitches. The outcome of this botched pitch was that Saatchi did not win the global Adidas account and I didn’t get to run the account from my very own Saatchi sports agency. Go ahead, buy the book to see all of our mistakes and how to avoid them from Amazon here.

The worst ever pitch blog post is also the reason I put the word Saatchi in this headline. “Saatchi” is serious blog post headline click bait. More on click bait, or better yet, targeted keyword rich blog headlines a bit later.

The Post: The Worst Advertising Agency Presentation – Ever [Read more…] about My 500th & Most Valuable Advertising Blog Post About Saatchi

How John Oliver Became One Of The Few Fantasy Sports Winners

Peter · November 16, 2015 · Leave a Comment

Fantasy Sports and John Oliver’s Daily Fantasy Sports Commercial: Yes You Can Be A Winner

Screen Shot 2015-11-16 at 11.55.09 AMYou know fantasy sports is gambling and that’s why it’s actually illegal, for really stupid bored people who like to lose (and gamble), is addictive and has gotten virtually every major media and sports company to invest. I’d say ,”go figure” but, ya know, it’s just capitalism, baby.

Oh, it also makes a bit of cash – but not, apparently for 90+% of the players. But, you knew that.

That said. watch this John Oliver TV commercial and LAUGH.

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