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Neil Patel On Advertising Agency Mistakes

Peter · September 5, 2021 · Leave a Comment

Neil PatelI am a regular listener of Neil Patel and Eric Siu’s The Marketing School podcast. As of today, these digital marketers and prolific audio publishers are up to 1,848 episodes (WOW!) that cover many of the tactics and strategies that have made their agencies successful.

Each daily show is delivered at wake up and is approximately 3 minutes long. Bite-sized advice. A recent episode “Mistakes That Neil and Eric Made While Growing Their Agencies” (#1842) is worth a listen (link below). Hey, maybe your agency should produce bite-sized vs. those hour-long podcasts. Like my loooong, but entertaining 40 podcast series – Advertising Stories.

Below is my take on their Neil and Eric’stake.

The podcast transcript has been edited for clarity and brevity.

Eric Siu On Leadership and Work Habits:

“… when I first took over (the agency), one of the big mistakes that I made was taking a book too literally called “Let My People Go Surfing”. So some of you might’ve heard this story already, but it’s from the Patagonia co-founder, it’s a great book. And it talks about letting your people go surfing. He lets his people go surfing during lunch, right. Basically, it’s saying people don’t want to be micromanaged, and they don’t. And I went a little too extreme with it and I stopped showing up to the office. So I learned that it’s important, especially in the very beginning, especially when you’re trying to save something, to trust, but verify and also be there in person and be there in the trenches showing that, hey, you’re there and you have some type of vision for the company as well.”

My take. I grew up during the always be in the office days. I was usually the first in when I worked at Saatchi & Saatchi New York and London, definitely when I was the CEO of two digital startups and when I owned my own agency. It was critical that I demonstrated interest and energy – and its good news for me that I have always been a morning person. Sure I know all about the idea of work-life balance, especially when I had two offices in outdoor , fresh-air driven Oregon. But, running an advertising agency, or any business, requires real leadership and dedication. I demonstrated this dedication by showing up. Showing up is especially requiered for client focussed businesses.

Now, how to exhibit this style of leadership in a WFH environment is a bit up for grabs these days. We’ll see where this goes. That said, the last thing I’d do as a leader today is to pump out 6:35 AM emails that ask for an immediate response. That is not effective leadership.

“The other thing is I made a lot of kind of rash decisions without consulting people. And I learned that building actual relationships and building rapport with people and not coming from an arrogant perspective that just because I came from tech I thought that I kind of walked on water, which I didn’t, right. I just thought I was super amazing when really – it takes a village to build something amazing. So that’s what I would say. Don’t take things too literally, build relationships with people and make decisions that are… If they’re reversible, act on them quickly, but if they’re not reversible, you’d probably want to deliberate on them a little more.”

My take: There are a couple of points here. First, yes your agency will work better in a team environment. Even if you are the smartest or most experienced person in the room, don’t act like an ass. If you stop and listen to other people you will generally come out ahead. LOL, most of the time.

Second, it is OK to fail. But, try to do it too too fast and own up to mistakes. That said, repeted faliures are not a good thing.

Neil Patel On Client Concentration:

[Read more…] about Neil Patel On Advertising Agency Mistakes

13 Free Big Data Tools For Advertising Agency New Business

Peter · March 30, 2021 · 1 Comment

advertising agency new businessI misnamed this 2013 blog post. “13 Free Big Data Tools For Advertising Agency New Business.” It should have been named “You are driving marketing directors and potential future clients insane. Here is how to do outbound (ABM) marketing that grabs attention.” Y’all have to get past sending so much ignorable advertising agency new business development messaging.

Talk with any CMO or marketing director or company owner and they will tell you that they receive buckets of incoming business development messages and content from advertising and digital agencies – every week.

The barrage of often ignorable incoming includes these delivery systems: [Read more…] about 13 Free Big Data Tools For Advertising Agency New Business

The Smart Zoom Presentation

Peter · March 2, 2021 · Leave a Comment

How To Build A Smart Zoom Presentation

Smart Zoom Presentation OK, it’s 12 or so months in Covidlandia and we have all been to many a Zoom presentation in the 1:1 and group space. How many of these virtual presentations would you say could be called a ‘smart Zoom presentation’? I’ll optimistically say 60%.

Now, if that 60% figure relates to a Zoom sales presentation for your company’s business development program, then you are kinda screwed. A 60% success rate (or more painfully, a 40% failure rate) for important sales presentations should not ever cut it.

The Virtual Sales Presentation – Presentation

I built this smart Zoom presentation for one of my advertising agency clients that was dwelling in the lower 40% and we knew we needed to rectify their Zoom situation – fast. So, here is my audio and visual The Virtual Sales Presentation. I use 18 minutes to discuss the art and science of how to build a smart Zoom presentation that captures the viewer’s attention; keeps them focussed (not easy); help you to manage your virtual agency branding; learn how an agency won a dating app client in Zoomlandia and also gets into how the brain works in the Zoom presentation environment. As you might suspect, it isn’t just like meeting face-to-face in a conference room.

 

More Smart Virtual Sales Presentation Tips

I spent a bit of time reviewing virtual sales presentation best practices to create this presentation. I also did a four-part Advertising Stories podcast series where I interviewed virtual experts, including the most famous advertising agency search consultant, the agency that won a major dating app virtual pitch, a leading branding and design agency, and a rather serious French neuroscientist.

Yes, this stuff is about the brain on Zoom.

The Biggest Advertising Agency New Business Secret

Peter · February 28, 2021 · Leave a Comment

The Biggest, Most Important Advertising Agency New Business Secret.

Ogilvy Mather UK

It’s Sales Stupid.

Back in 1992, James Carville, Bill Clinton’s strategist said, “It’s the economy, stupid” to make sure the Clinton campaign remembered what was critically important to the American electorate. So, taking my cue from James, I offer that “It’s sales stupid”  is the biggest, most important advertising agency new business secret.

An advertising, design, PR agency new business program, marketing materials, presentations (even daily conversations with existing clients), and new business pitches are all about sales. Sounds obvious, right? The problem is that ‘sales’ can be a dirty word at some ‘creative’ agencies. If you think that I am overstating this, take a look at a few agency websites, and ask yourself if they are designed to be high-octane sales experiences that drive leads or just well-designed agency brochures. I think that the Contact page is a number one offender. Contact copy like, “Give us a call” is simply not a romantic way to begin a relationship.

An Advertising Agency New Business Secret

A discussion of how to use the science of salesmanship in an agency presentation could fill a book. I’ll be brief and hit what I think are the most effective techniques we can learn from the masters of salesmanship. Allow me a brief detour first.

I left advertising in 1995 to put a group of New Jersey newspapers online for Advance Internet (the digital newspaper arm of the Newhouse Media Group – you know them as the owner of Condé Nast). In addition to inventing New Jersey Online’s digital newspaper editorial persona, we also had to build an early online sales program that included the design of new advertising units and a sales pitch for this new Internet platform. To help me, Advance brought in Jim Hagaman from the Miami Herald. Jim was easily one of the savviest media salespeople I had ever met.

Within a few days, I had gone from thinking that I knew how to sell (i.e. running business development at Saatchi & Saatchi), to jettisoning much that I had learned, to watching a master actually make sales in the nascent Internet marketplace. Much of what you see below came from Jim.

One of his more interesting sales insights came when I said that we needed to go pitch New Jersey Online to New York advertising agencies. He said, whoa boy. In his experience, agencies always mucked up the sale. They wanted to put their own stamp on the sales message, usually got the details wrong, and always slowed down the process. He said that we were going directly to the clients to explain the benefits of digital media. As I eventually witnessed, he was right.

Actually, here is one more super insightful story that will introduce my next point, which I admit might be a “duh” for some of you.

You have to understand your client’s mindset, needs, pain points, rationale, and emotional motivations before you can ever craft an effective sales pitch.

I learned this lesson at my first agency pitch for New Jersey Online. I figured I’d start with my very own ex, the New York office of Saatchi & Saatchi. I knew the agency inside and out and had worked with their Executive Media Director Allen Banks for years. My pitch included a 1996 hockey puck graph of projected Internet usage and a discussion of digital advertising that touted our newfound ability to track how website visitors viewed and interacted with online advertising. Was Allen smiling? No. His reaction?

“Are you f*cking kidding me? We have made a fortune not really knowing how, when and for how long consumers have been looking at our ads. I manage hundreds of millions in advertising media placement. Knowing how much of it doesn’t work will kill our golden goose.”

My point in telling you this story is that I didn’t think through Allen’s motivations before I delivered my early online advertising sales pitch. By the way, he was right. The Internet sure seems like it killed some parts of the golden advertising goose.

More Sales Advice

[Read more…] about The Biggest Advertising Agency New Business Secret

Borat Did A Video Just For For ME

Peter · December 3, 2020 · Leave a Comment

A Few Words From My Best Buddy Borat About My “Advertising Stories” Podcast

Borat for LevitanBorat helps me by asking… “What is make beautiful Advertising Stories podcast? People should listen.”

He also asked, “What you mean by telling your agency clients that they need to be unignorable? Yo want unignorable? You got me! A special gift for you, my American puppy.”  Or… “Агенттик кардарларыңызга алар жагымсыз болуш керек деп айткыңыз келгендиктен, сиз жагымсыз болуп калгыңыз келеби? Мени алдыңыз!”

So… I obviously had to go to Almaty, Kazakhstan last week to find Borat to have him make a video for me and Advertising Stories. This was not an easy get. First, I asked my friend Quentin Tarantino to find and then ask Borat’s daughter Tutar Sagdiyev to see if Borat would be in town. Tutar then asked Borat if he would do me the favor of making a video promotion for my advertising podcast for the wonderful, podcast loving, people of Kazakhstan. He was interested in doing almost anything for the great United States – if I promised to arrange a lunch with him and Rudy. Mayor Rudy said, sure what the hell. I’ll do anything these days.

I flew for 42 hours from Mexico City to Frankfurt to Istanbul to Almaty. Borat and I shot the video in my hotel room at the luxurious Ritz-Carlton Almaty. I had a tub in my room – I mean in the bedroom itself –  and he insisted that he bathe and eat blinis and caviar while I played Beatles songs before the shoot. A bit weird all around – but strangely refreshing. Subscribe to my newsletter and I will send you the picture of me and Borat in the tub.

You might ask “why did Borat do this for you?” My Kazak friend is thanking me for introducing him to Rudy Giuliani. And to prove to you, that even an advertising agency business development consultant can walk to unignorable talk.

 

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