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How Advertising Agencies Get New Business – An Infographic

Peter · May 6, 2013 · Leave a Comment

Instructive infographic on How Agencies Get New Business from RSW/US’s 2012 study.

59% of agency principles say that referrals are the most effective way to get new business.

I completely understand the power of referrals. However, I think that the high referrals percentage is partially a symptom of the fact that many agencies have ineffective outbound new business plans and programs – if they even have a consistant plan. If you aren’t aggressively going after new business from targeted companies (this includes inbound-oriented social media campaigns), then you will of course wind up getting most of your leads from friends. Its kind of like staying in your room and having your mom find you dates. Any lead is good but a high volume of high-value targeted conversations are better.

As RSW/US says on their website: “A huge thank you to the Agency san diego for creating this infographic based on the findings from our most recent survey, 2012 New Business Report: Client & Agency Perspective On Topics Related To Agency New Business.”  I thank both of them.

By the way, if you are an agency that doesn’t have a brilliant new business plan that includes lead genration (and you know who you are)…. I can help you today right here.

And here is the infographic…

RSWUS-Infographic-How-Agencies-Get-New-Business

2 Pieces Of Advice For Ad Agency CEO’s

Peter · April 29, 2013 · Leave a Comment

The big idea is that your agency should be making things — for yourselves (and your clients.) It is simply too easy and you have the brains, talent and energy. What’s more, you will walk the design talk. One idea is futuristic and the other is simply something you should be doing anyway.

Here are two ideas.

1. Learn 3D Printing

Buy a 3D printer, experiment and be much smarter and on the ball than all the other agencies in your town.

printer-3My suggestion is buy the the soon to be released Form 1 from Formlabs. As Formlabs says,Form 1 is…”An end-to-end package. Printer, software, and post-processing kit that just works. Right out of the box.” Check out their video.

$3,300 puts you right in the middle of the 3D printer explosion. And, its so damned beautiful. Put it on that expensive front desk that really does zero for your agency’s street cred. Go here if you need to geek out on this big idea.

Make Some Tee Shirts

It’s summer. Need I say more?

I have a few more ideas. Most are about how you can make more money. Now, that’s a cool thing for an advertising agency to make.

LinkedIn Contacts App: This Week in Social Media

Peter · April 29, 2013 ·

Lot’s of updates for LinkedIn (smart upgrade = good news), Facebook, Tumblr., and Foursquare… remember them?

Social media news and new developments making social media marketing easier. (LinkedIn Contact, Facebook mobile app update, Twitter app update, Foursquare update)

Read more from the source: socialmediaexaminer.com

Apple, Innovation And Valuation

Peter · April 28, 2013 · Leave a Comment

Here is an interesting and somewhat revealing chart on Apple’s innovation timeline correlated with its stock price.

Rhetorical questions coming… Do you think that being innovative is good for adverting and digital agency business development? Does innovation drive valuation?

apple-products-darker

Pinterest: How to Drive More Traffic to Your Site With Pinterest

Peter · April 26, 2013 ·

Pinterest works for my marketing. It should work for you. My best advice… get in early. It is still early with only 10 -15% male usage.

Social media marketing podcast 38, in this episode Melanie Duncan shares why marketers should use Pinterest to help drive more traffic to their website and increase sales.

Read more from the source: socialmediaexaminer.com

And, take a look at my Pinterest Advertising Agency Directory (Is your agency missing?)

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