New Business

11 Must Have Ad Agency Business Development Tools

Peter · June 8, 2019 · 1 Comment

11 Must-Have Ad Agency Business Development Tools (Updated From 2014).

NOTE: I first wrote this 11 Must-Have Ad Agency Business Development Tools blog post at the very end of 2014 and a few minutes ago the website checker app Checkbot pointed out that this post has a couple of dead links. (4.5 years later and it is interesting to see what tools have survivied). So, I thought that I’d repost and make things work. I suspect a reason for the broken links is that some of these tools are history. Here is what I found.

Back to 2014 – it is still worth the read… Blog post Consistency, actually the lack of it, is one of the most pressing issues that reduces the effectiveness of most advertising agency new business programs. So… Here are some ad agency business development tools that I recommend to keep your agency’s new business and content development program on track. (Tweet this.)

These tools (and there is a big world of tools out there these days) will help your efficiency and, more importantly, make you look like a subject matter expert because you are on that ball. Even better, as you use these tools for your own business development efforts, you will be gaining social media expertise that will dazzle your client prospects.

Clients (the ones you do not have yet) need your help according to this research from Ascend2.

Almost half of the clients surveyed have significant social media obstacles to overcome. You can help them by helping yourself.

This list of 11 tools is my first set of recommended online social media management tools. There will be more coming. [Read more…] about 11 Must Have Ad Agency Business Development Tools

How To Name Your Advertising Agency: Part One

Peter · May 17, 2019 · Leave a Comment

A Strategic Guide To How To Find Your New Advertising Agency Name

This is Part One of a two-part series on how to name your advertising agency (or, most businesses for that matter).

Other than the gyrations that agencies constantly go through with how to position their agency (go here to see my advice on agency positioning); design and redesign their website… how they name themselves is one of their most important branding decisions.

I worked for three advertising agencies. Two were “founder” agencies: Dancer Fitzgerald Sample (remember “Where’s the beef?”) and Saatchi & Saatchi (which bought Dancer) and the other was my very own Portland agency and its “current usage” name: Citrus. Or, as one of our creative directors thought was critical to our success, citrus, with a lower case “c.’

A Question…

Do advertising names matter? Wow, this is a tough one to answer. As you will see from the different naming conventions listed below, how one chooses a name is a broad journey. However, just for the hell of it, here are some of the names for AdAge’s 2018 Small Agency Awards. Do any of these agency names instill immediate confidence? A must call reaction? Are memorable?

Butler, Shine, Stern & Partners
Mistress
Johnxhannes
The Chopping Block
Funworks
Oberland
Walrus (cool website)
Phenomenon
Brownstein Group
Steak
Yard
G&M Plumbing
Spawn ideas
Next/Now

My favorite (at least for this one second) is Next/Now. This name kind of meets a client pain point.

Part One: The Wonderful World of the Advertising Agency Name

I recently asked one of my advertising agency clients how they selected their name (note, it’s a word you use every day in your kitchen.) They said that they went through a fairly random process with the goal of finding a name that was easy to remember and not taken. Well, that’s one way to do it. Another is to apply process. [Read more…] about How To Name Your Advertising Agency: Part One

Where Do Advertising Agency Clients Search? Could Be Agency Spotter

Peter · April 25, 2019 · Leave a Comment

Where do advertising agency clients go to search for new agencies?

To answer this critical question, you have to think like a client. However, putting yourself in the shoes of a client looking for that new shiny advertising, digital, etc. agency is not easy. Some client prospects are sophisticated buyers, more are not. Some have selected agencies before. Most have not.

I’ve written at length about how prospective clients find advertising, digital and PR agencies. You can read a bit here… “Ten Ways To Advertise Your Advertising Agency”.

But let’s keep it simple. There are essentially two primary methods of being found that you can manage…

You work to let prospective clients know that your agency exists (direct account-based marketing; advertising; press; awards shows, ah, yes, actively managing referrals, etc.)
You are visible where and when the client is looking (Google position; inbound-directed content marketing; agency and agency key employee LinkedIn profiles; agency directories; ad club lists, etc..)

Sure, there is a bit of a Homer Simpson ‘doi’ factor here. But, believe me, many agencies do not take advantage of every awareness opportunity that avails. A side story. When I moved back from Saatchi London to run North American business development I asked a competitive NYC agency principle, his name was on the door, what worked. He said’ “I have no clue what is the most effective business development strategy, so we do everything.”

More history. Fifteen years ago, I found out that my Portland agency’s previous owner had placed ads for us in the Yellow Pages (!) by the agency getting a Yellow Pages driven-lead from the USA’s largest saltwater boat company – we won the account. Who could have predicted that the boat company’s CEO used the Yellow Pages to search for an agency? Learning = be everywhere that makes sense. OK, I’d pass on today’s Yellow Pages (I think).

Agency Spotter

The agency search website Agency Spotter is a very active agency awareness resource.

Agency Spotter was launched in 2013 to help marketers find the right marketing communications agency. Believe me, in my role as an ad agency client, 1995 to 2002, finding the right agency and making this critical engagement decision was not easy. I had run business development at the world’s largest agency but even with that personal experience, it was a tough process for me to find and select the right agency.

Here’s Agency Spotter’s mantra.

Agency Spotter is reinventing how brands find and work with creative agencies, design firms and marketing service providers.

For every business, finding marketing agencies takes significant time and is full of risk. Agency Spotter’s aim is to help change that. Our digital platform makes it much faster and free to find great agencies and design firms that fit the needs of brands and provides more information to help them make confident decisions.

Whether you are a subject matter expert looking for a small niche agency to inject some innovation in a specific area of your business or you’re a marketing leader searching for a digital agency of record, Agency Spotter makes it easy for agencies and brands to find one another and work smarter together.

I recently had the opportunity to interview Agency Spotter’s founder and leader Brian Regienczuk about the service and its 2019 Marketing Trends Report. A survey of marketers.

The 2019 Marketing Trends Report

You can download the 2019 Marketing Trends Report here. There is some very good news.

57% of CEO’s and 63% of CMO’s expect to increase their 2019 marketing budgets.
Marketers still dig advertising. “Advertising” is Agency Spotter’s most searched service.
Today’s pool of decision makers is much more diverse. I find it interesting that 42.2% are 25 to 34 in age. Clearly, a high concentration of digital natives.
If you are a woman-owned agency, you are in good shape. There were 74% more searches for ‘woman-owned’ agencies year over year.

OK, got to go here. There is some bad news for your advertising, digital and PR agency on Agency Spotter. You are in a highly competitive environment.

A search of the agencies listed on Agency Spotter turned up 2,302 advertising; 660 PR; 1,124 digital strategy and 696 social media agencies. And, there are even more sub-categories. This is bad news if your agency is not listed (a basic listing is free). As you might expect, if you pay more and you get more awareness goodies. [Read more…] about Where Do Advertising Agency Clients Search? Could Be Agency Spotter

Advertising Agency Searches and New Business Pitches: An Interview With Darren Wooley

Peter · April 15, 2019 · Leave a Comment

Australia’s Darren Woolley On The Art And Science Of Advertising Agency Searches and New Business Pitches.

With thousands of advertising, design, digital and PR agencies to choose from, prospective clients need a little help in making their selection. One way is for agencies to ‘advertise’. That means getting your agency awareness up. I discuss a how-to here: 10 Ways To Advertisinse Your Agency.

Another smart way to gain attention is to be on the radar of agency search consultants. Not all, just the right ones.

Whether or not your agency will ever be included in a search run by an agency search consultant, experienced search experts can help us all better understand elements of the search process and how clients select agencies.

To get an expert opinion on how search consultants work, I turned to international search consultant Darren Woolley of Australia’s leading search firm TrinityP3. This interview is one of 14 expert interviews from my book “The Levitan Pitch. Buy This Book. Win More Pitches.”

Darren Woolley, Founder and Managing Director, TrinityP3

TrinityP3 is an independent strategic marketing management consultancy based in Melbourne, Australia. It works across continents and has 40 of Australia’s top 100 advertisers using its services. The company assists marketers, advertisers, and procurement with agency search & selection, agency engagement & alignment, and agency monitoring & benchmarking to ensure maximum performance in efficiency and effectiveness of their advertising and marketing budgets.

Darren started as a scientist, got into advertising as a copywriter, and ended up a creative director. After 15 years in advertising, he realized when marketers and their agencies work well together, amazing things happen. He established TrinityP3 in 2000 as an independent marketing management consulting company that provides marketers and advertisers with benchmarks, training, and advice on how to maximize the value of their marketing budgets.

PL: What are the primary benefits that you offer your clients? [Read more…] about Advertising Agency Searches and New Business Pitches: An Interview With Darren Wooley

Video And An Advertising Agency Sales Pitch

Peter · April 14, 2019 · Leave a Comment

I’m in L.A. doing some work with agencies and a local micro-photo-series for my global The People project. While waiting to get started shooting on Venice Beach, I hit up the Social Media Marketing podcast – one of my long-term get-smarter podcasts. I landed on a really good one. I highly recommend that you listen to “How to Create Video Ad Funnels That Work.”

I guarantee that the learning here could be applied to both your clients and your agency’s own sales program. Video rules – if done correctly. Here’s the podcast pitch from the host Michael Stelzner:

Thinking about creating more video ads? Wondering how to produce more effective social media video ads?

To explore how to create video ad funnels that work, I interview video ads expert Travis Chambers. His company, Chamber Media, specializes in creating scalable social video ads for clients such as Turkish Airlines, NordicTrack, and Yahoo.

I urge you to check it out. Especially if you want to learn from an ‘advertising agency’ that has separated itself from the mega-pack of zillions other advertising agencies.

But wait, there’s more…

The Chamber Media Website

The more is that I want to quickly highlight Chamber Media’s website.

They do a few things very right.

They have an unambiguous agency positioning that meets a clear market need.
I dig their concise opening sales pitch and so would potential clients: DRIVE MILLIONS IN PROFITABLE SALES WITH SCALABLE SOCIAL VIDEO ADS. They deliver the right words: millions, profitable sales, scalable and video ads.
They immediately go for the ask. The home page Work With Us button and the We’re Excited To Chat (as in friendly) contact page is aimed at driving leads. Chamber might ask a bit too many questions, but these are not required and helps the agency weed out low-spend low-value clients.
The Home Page goes right to strong cases and (!!!) results + ROI. ROI is in… pretty pictures, kinda, out.
They say what they do, list their clients, testimonials and show some very good press. How could you not say, “Yup, these guys are for real?”

It’s About Sales Baby

Way too many advertising agency websites do not sell. If you need some sales inspiration, head over to Chamber Media.

Me

A personal note: I am just getting started on my The People photo project. My goal is to shoot more portraits of more people on more continents than any other photographer. I will discuss this in detail in a future post. So far, I have over 300 portraits all shot with the same look = outside against a portable white background. I’ve now shot in China, Mexico, Selma, and L.A. Here are two from this week’s Venice Beach series. I think I’ll head back to Mexico with over 60 new portraits.