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4A’s On Advertising Agency Pitching

June 7, 2022 By Peter Leave a Comment

Some Sage Words From The 4A’s On Advertising Agency Pitching

download 4a'sHere is an interview on advertising agency pitching I did with Tom Finneran, EVP, Agency Management Services at the 4A’s. It’s one of many expert interviews in my book on advertising agency pitching. It comes from the perspective of the 4A’s, its work with hundreds of agencies, and with the ANA – the Association of National Advertisers.

By the way, I am updating the book. Stay tuned. Oh, why update it? Well, let’s just use one newish thing that has revolutionized pitching (to put it mildly) — virtual pitching.

I thought I’d add this interview to my blog for a few reasons. Some to help you and one big one for me.

  • Your agency’s pitch batting average will increase if you have a solid, smart, consistent pitch system.
  • You will win more pitches if you put yourself in the client’s shoes.
  • You should be aware of the 4A’s and ANA agency search guidelines. If fact, share this with the clients you pitch. Here’s a link to an Ad Age article on the guidelines.
  • You’ll help me because I want you to buy the book. It’s not because I make a lot of bucks from sales (although sales are robust and it is nice to get money from Amazon.) No, I want you to buy the book because many agencies that read the book, see that I actually know what I am talking about, and turn into my consultancy’s business development clients. Duh coming: Books help make people and even agencies look and sound like experts.

On To The 4A’s Interview That Will Help You Win More Pitches

Warning. This is a long interview. Long as in over 3,000 words. Read it if you want to win more new business.

Tom Finneran: EVP, Agency Management Services – The 4A’s

Tom Finneran leads the 4A’s Agency Management Services team, which provides industry guidance, member consultation, and benchmark information in the areas of new business, agency compensation, agency management, and operations.

Tom’s career includes extensive ad agency and advertiser financial management experience. He was executive Vice president/CFO at Jordan McGrath Case & Partners and Arnold McGrath Worldwide, a unit of Havas. He was also Executive Vice President/COO at Grey’s promotional unit, J. Brown/LMC.

PL: While there’s no one-size-fits-all pitch process, do you think that clients are running more professional pitches today than in the past?

Tom: What we consistently hear is that reviews have become less professional and efficient than in the past. This is important because, to a degree clients have taken in-house some of the review practices that have traditionally been managed by industry consultants who were more adept at running professional pitches.

In terms of the efficiency of reviews, some of the things that are less efficient than they should be are cattle calls. You’ll have clients who are not experienced at doing reviews, and they’ll send information requests to far more agencies than should be included in the initial list.

Some of the other inefficient processes are what I would refer to as RFPs from hell. Here is one example. About a year and a half ago, one of our members called irate about an RFP that had 300 questions. And I said, “You’ve got to be exaggerating. It couldn’t possibly have been 300 questions.” So the person said, “Wait a minute. Let me look at this.” Then she commented, “Okay. You got me, I exaggerated. It’s 293 questions.” So this was an RFP that a client-sourcing group used. The RFP was geared to soliciting responses from ingredient suppliers, research and development firms, and contractors of all types. And woven into the 293 questions were a few marketing-related questions that were kind of like packed in there.

PL: So are you seeing these kinds of issues primarily with larger clients or also medium-sized to smaller clients?

Tom: These tended to be from marketers who did not have dedicated, knowledgeable marketing procurement folks. They were taking people who could source corrugated materials and chemical components and things of that nature.

PL: Is there an agency size factor? Is it affecting your large and small 4A’s members?

Tom: It affects members both small and large. [Read more…] about 4A’s On Advertising Agency Pitching

The Big Advertising Agency Resource List

May 31, 2022 By Peter 36 Comments

Advertising Agency Resource List – Updated Often

advertising agency resourceMy Advertising Agency Resource List is curated often to help advertising, digital, design, and PR agencies easily find the inspiration and industry resources that will help y’all build killer agencies and careers.

If I were you, I’d grab a glass of Larkmead Cabernet Sauvignon 2016 (LOL only $150 or a nice craft beer – a bit less expensive) and check out all of these links. I guarantee that at least one of these websites and/or tools will help you or your team grow your agency.

Dig growth and sharing? Therefore my friends, go ahead and share this page with your friends, family, and staff.

A kudo from David Ogilvy: “I wish I had this advertising resource list when I was in the ad biz. All I had was my brain.”

OK, one more. This here Peter Levitan blog has over 800 posts dedicated to helping your marketing communications company grow. I hope that my insights on the art and science of agency business development, growth, and management help you to make more bucks. Speaking of resources and advice, take me up on my Corleone offer. 

A Couple Of Quickies:

Website Speed Is Good. A slow website drives down SEO. Check out your website.

Google PageSpeed Insights. Do you know how fast your website download speed is and how its performance ranks against your competitive agencies? Here’s the drill. If your site takes too long to download, it will lose some traffic.

Google’s Mobile-Friendly Test. Here’s another very important test. If you are like me, over 20% of your website visitors are looking at you on a mobile device then you better make sure that they are digging how fast your website loads.

BROWSEO.We might be getting a bit geeky here. That said, BROWSEO helps you view any web page like search engines see it. The tool helps you to identify issues with your site and with your current and future clients’ websites.

And, To help Your Thought Leadership Program: What Are People Searching For?

AnswerThePublic. This is a free visual tool that shows you what questions and queries your consumers have by getting a free report of what they’re searching for at Google.

Exploding Topics. Yes, just like it sounds.

Google Trends. Chances are good that you are aware of Google Trends. This a powerful tool to help you know what is hot and what is not on Google’s search universe. A look at the top 2019 Google searches may or may not make you a fan of humanity.

Social Mention.  Ever wonder what the world is saying about you or your company? Here you go.

OK – The Advertising Agency Resource List…

Here are the topics covered:

  • Advertising Agency News Sites
  • Ad Agency Directories
  • Top Advertising Blogs
  • Favorite Social Media Tools
  • Video Marketing Tools & Information
  • Creative Inspiration & Idea Generation
  • Creative Space & Time
  • Online Advertising Education
  • Online Legal Resources
  • Life After Advertising & How To Make $$$
  • Top Twitter Tools
  • Top Advertising And Design Awards
  • Marketing & Advertising Podcast
  • Marketing Tool Generators

Advertising Agency News Resources

  • The Ratti Report. Your agency needs fresh business development leads, right? So check out this website for a daily list of business development opportunities. News you can use to buy that new Tesla Roadster.
  • Advertising Age. Ad Age delivers the latest news from the world of advertising and marketing agencies.
  • Ad Asia Online. AdAsia Online focuses on automation, advertising technology, and creative technology,
  • AdNews. Australia’s advertising, marketing, and media industries news resource.
  • Adweek.  Adweek covers media news, including print, technology, plus.
  • branding in asia. Need to know what’s up in the Asian marketing and advertising world? Sure you do. Check out this comprehensive resource for creative work, news, interviews, and insights. Read it and you just might take the next non-stop to Singapore.
  • Business Insider. Business Insider’s daily take on the ad industry.
  • Campaign Asia. Campaign Asia reports on advertising and emerging media in the Asia Pacific region.
  • Campaign Magazine. Ad industry news from the UK’s advertising industry “bible”.
  • Communication Arts. Print publication offering competitions, forums, feature articles, job bank, graphic design resources and online shopping.
  • Creative. The magazine of promotion and marketing.
  • Digiday. Digiday creates content, services, and community that foster change in media and marketing.
  • Direct Marketing News. Provides news, feature articles, columns, and special reports on direct marketing.
  • The Drum. The alternative to Campaign. Delivers lots of news and views.
  • MediaPost. Comprehensive advertising and media industry coverage.
  • TechCrunch. Keep up (or try to keep up) with the fast-paced world of startups and VCs.

Ad Agency Directories

[Read more…] about The Big Advertising Agency Resource List

An Optimized Search Engine Blog Strategy

May 22, 2022 By Peter Leave a Comment

Optimized Search Engine Blog StrategyI started blogging in the early 2000s. I really cranked it up after I sold my advertising agency and became an advertising agency business development consultant. Below is a list of my blog posts. The subject matter of these hundreds of blog posts reflects my dedication to having an optimized search engine blog strategy. It worked.

My Optimized Search Engine Blog Strategy.

I am going to keep this easy. I could ramble on but these are the core elements of my blog strategy.

  • Understand your objectives. Mine is to entice advertising agency leadership to contact me about helping them develop an unignorable business development program. This has worked for me every week.
  • Understand and meet the needs of your market. You are writing for them. Example: My evergreen list that is just for advertising execs… Top Advertising and Design Awards.
  • Use all available SEO tools to help you determine trending subject matter and keywords. There are a bunch of tools listed on my advertising agency resources list.
  • Study your direct competition. What are they writing about? What are their best keywords?
  • Be consistent. As you can see, I have written, on average, over one post per week. In 2013 alone (when I wanted to really drive Google love), I wrote 188 blog posts.
  • Have your very own voice. Write with gusto,
  • Amplify the reach/frequency of your blog posts: post em on LinkedIn; use them in your agency’s email newsletter; send them directly to clients and prospects (even try paper), and on…
  • Go mega amplification. I am going to use some of these very best Levitan blog posts to form the basis of my new book.

OK – Here You Go… Levitan’s 750 Plus Blog Post Archive

[Read more…] about An Optimized Search Engine Blog Strategy

An Advertising Agency Survival Guide

May 16, 2022 By Peter 3 Comments

The Advertising Agency Survival Guide. 2022 “Recession” Version.

Advertising Agency Survival GuideI am republishing and updating my pandemic Advertising Agency Survival Guide blog post. It was originally written in 2020 when we all realized that we were heading into some Covidland hell. At that time, The Association of National Advertisers, the ANA, passed the article along to its membership. Why am I modifying the article for 2022? Because I think (not alone here) that we are heading to some form of recession. Recessions are not great for advertising agencies as marketing is one of the first line items that clients cut from their budgets.

Note: While we are not sure if a recession is heading our way, we do know that company valuations are down and that is not a good thing for marketing budgets. The odds on their being that full-blown recession … This from Bloomberg.

The probability of a recession over the next 12 months is now 30%, the highest since 2020, according to the latest Bloomberg monthly survey of economists. That’s up slightly from 27.5% in April and double the odds economists predicted just three months ago.

This from ADWEEK on Sir Martin Sorrell:

S4 Capital issued its 2021 Annual Report this week and company executive chairman Martin Sorrell in his letter to shareholders strenuously sought to manage growth expectations given recent huge reversals on the macroeconomic front.

Sorrell said that events and circumstances have developed to create a “perfect storm” that will dampen the “strong bounce-back previously expected this year and over the horizon in 2023 the clouds look even darker.”

Sorrell noted that GDP forecasts have recently been cut by the IMF and others to 3.6% from 5% just six months ago. “Less robust economic growth is important as it’s one of the drivers of S4 Capital’s growth,” Sorrell cautioned.

At S4 Capital, Sorrell added, “we’ll trim our sails accordingly and won’t be blown off course. But navigation will as ever, be challenging.”

Tough Question. Will Your Advertising Agency Survive This New Recession?

Here is my educated take on how advertising agencies will survive the big dip and how they will make lifeforce happen. It is my take on an Advertising Agency Survival Guide.

Having gone through the 2007 – 2008 recession as an agency owner, I saw approximately one-third of advertising agencies shrivel. My current survival advice is based on my having navigated financial storms as well as recent deep conversations with small and medium-sized agencies. I did not choose to rush out these thoughts. I actually thought about my thoughts. LOL.

Plus, this article is not short and sweet. You will actually have to read all of it. OK, it is sweet.

Two Quick & Very Important Points.

How long will the shit-storm last? I am talking about the inevitable/impending reduction in client spending.

Like you, I have no clue when any semblance of normality will return. I have to assume it will. Plan accordingly.

Chamath Palihapitiya is one of my most respected “advisors”. He has said that companies should be able to adjust and make new plans to survive 36 months. 36! Yes.

He says, think like this is a form of depression. Whoa. Yikes. Are you ready?

This is what I do know… If you want to be in the top 1/3, you can’t lose all or even some marketing energy or brand awareness. Why make your voyage back to the land of happy clients too uphill?

You will get my marketing recommendations below. But first, the big question.

Will Your Advertising Agency Fail?

Here is what an advertising agency principle should be doing right now. I admit that this is generalized given the diversity of the types of advertising agencies. But generalized does not mean its not an effective how-to for virtually any agency.

First – Two Definitions

  1. “Advertising Agency”: This is my universal term for most types of communications marketing firms.
  2. “The Good Client”: A client is a company that has consistently used any form of advertising or digital marketing. In your case, it is a client that meets your target criteria (you have that, right) and you think would want to hire you.

OK, Advertising Agency… What Are You Going To Do About it?

I am going to be tough here. At least 30% of advertising agencies will fail or falter in the next twelve to eighteen months.

This post provides my take on how to survive. For the winners, how to set yourself up for growth.

6 Advertising Agency Pain Points – I Know You Know This. But, It Is Worth Restating.

  1. Your current and future clients are starting to freak out. This goes from their business perspective (increases in consumer debt, lower spending by their B2C or B2B customers, that supply chain pain) and their own worries about their life savings.
  2. Some current clients have already reduced or canceled advertising and project spend.
  3. Growing agency profitability has been getting more difficult.
  4. You could be too slow in managing your costs.
  5. Agencies, too many, are already poorly positioned, do not stand out, and worse, are unbelievably ignorable.
  6. Many prospective clients “probably” do not want to hear from you. Well, they might if you have the right messaging.

Advertising Agency Survival Guide Strategies

I know what I am talking about. I’ve won and lost. My advertising agency survived the 2007-2008 recession. My $30 million VC funded ActiveBuddy digital business did not survive the 2001 dot-com bust. Don’t feel bad for me, Microsoft eventually bought our technology.

Existing Client Opportunities

[Read more…] about An Advertising Agency Survival Guide

Free Google Marketing Tools (2022)

May 8, 2022 By Peter Leave a Comment

Must Use Google Marketing Tools For Your Advertising Agency

free Google marketing toolsI love free. I love it when you can head over to a list of free Google marketing tools that will help you market your advertising agency. These tools and dozens more can be seen and loved on my Big Advertising Agency Resources List page.

Google Marketing Tools To Help Build Agency Insights

Google Scholar: Want to look smart? Google Scholar searches through thousands of research-oriented articles and emerging studies. It aims your search at articles, new ideas, books, abstracts, and court opinions. Results are from academics, professional societies, online repositories, universities, and other websites.

Google Trends. Chances are good that you are aware of Google Trends. This is a powerful tool to help you know what is hot and what is not in Google’s search universe. It is also a great tool to help you find the right (hot) subjects for your next blog post.

Google Alerts. Stay ahead of your client, a prospective client (as in category, brand, and people), and industry news by creating a list of Google Alerts. Frankly, this should be a primary business development tool. You want XYZ account, right. Then create an alert for any XYZ news.

Google Marketing Tools To Help Your Agency Improve Its Business Development Programs & Platforms

Google Online Marketing. Learn from the leader.

Google PageSpeed Insights. Do you know how fast your website download speed is and how its performance ranks against your competitive agencies? Here’s the drill. If your site takes too long to download, it will lose some traffic.

Google Analytics. You want to track your website right?

Google’s Mobile-Friendly Test. Here’s another very important test. If you are like me, over 20% of your website visitors are looking at y’all on a mobile device then you better make sure that they are digging how fast your website loads.

Free Google Marketing Tools For Advertising Itself

Advertising works. While your agency has a bunch of advertising options, clearly Google Ads should be considered. Usually, agencies will by relevant keywords like: “Dallas advertising agency” or “medical marketing ad agency”… but, there are some other options like buying an ad on “Trudy Hardy” —  go ahead and see what I mean.

Google Ads. Yes, your advertising agency can run ads for itself.

And…

The Peter Levitan Story. A very helpful blog. If I do say so myself.

 

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