New Business

Show And Tell Works

Peter · May 11, 2018 · Leave a Comment

I Use Show And Tell To Massage Brains

OK, what the hell does Show and Tell mean?

One of the sections of the customized marketing & sales plan that I write for my clients includes a look at a range of agencies based on their positioning and sales proposition. I call these agencies Benchmark Agencies and by pointing them out, I deliver real-world teachable moments. These show and tell examples help agency leader brains to digest my main points. Plus, ad agencies love looking at other ad agencies.

Here is the lead-in to the show and tell section from one of my agency recommendation documents…

Benchmark Agencies

I view these agencies as being worthy of benchmarking based on Agency X’s (as in my agency client) business development objectives. In my estimation, these agencies have broken out from the competitive pack.

They deliver messaging that is: well targeted, succinct and competitive.

Because of this, they help clients to quickly recognize their expertise and value. A clear enunciation of value is critical at the early stages of a hoped-for relationship. This helps them stand out and then break out.

For the sake of clarity, I’ve put these benchmark agencies into three buckets: ‘what we do’, ‘how we do it’ and ‘who we do it for’ to illustrate the strength of their individual positioning strategy.

Show and tell works because I frame my recommendations in the real world. The benchmark agencies are proof that smart, crystal clear, focused agency positions, plus supporting marketing programs, work harder than trying to be everything to any client that raises their hand. I know you know this.

BUT

But, my biggest point is that a focused positioning, actually a distinctive + competitive sales proposition, will get both more client hands and the right client hands to rise up and contact you.

Give me a shout and I’ll share a couple of my favorite benchmark agencies with you.

3D Ad Agency New Business Marketing

Peter · May 7, 2018 · Leave a Comment

Ad Agency Marketing Is Holistic, Interconnected and 3D.

Brilliant ad agency marketing leads to searches that lead to your agency. Today these searches are much more 3D and, often, chaotic than you think.

Let’s imagine that you are the Marketing Director of Estee Lauder and you’ve just decided you need an ad agency to revitalize your women’s magazine program. Yes, magazines like Vogue still live. Before you go out and find an agency search consultant, you pull out your laptop and do a bit of research. You will use one or more of a combination of search tactics like getting referrals from like-minded marketing experts, you’ll review agencies that are current award winners, you’ll read ADWEEK and AdAge lists and on. You might even Google, “best women’s advertising agencies.” Believe me, having once been the CEO of two ad agency client companies, finding the right marketing partner isn’t easy.

Whatever the Marketing Director has done to get to a short list, her next stop is the agency’s website. I’ve written lots about how to build sales-oriented agency websites. However, I want to get a step beyond the website. It is a step I use whenever an ad agency client prospect contacts me. I take a look at their “about” / people page and then go to LinkedIn to get a bit more up close and personal about the agency’s key players. If I am interested, I’ll also check out the leader or employee’s Facebook page and Twitter feed. Here’s a duh… personal branding is critical these days. And, since an ad agency is made of its moving parts, in this case, its people, why wouldn’t Ms. Lauder check out the people’s brands and stories too. By the way, people chemistry is a key element in agency selection.

Best Practices: LinkedIn, Facebook, Twitter, and Personal Brands.

I often see a total lack of consistency between the way an ad agency projects its image and the images that its people project.

Look, I get it. We are all individuals. But, there is a team benefit to being consistent – in key areas.

I think that agencies should have a set of best practices and agency-related branding guidelines for their key player’s personal branding with respect to their company’s branding. While we have all read about how to set up a killer social media profile, for example, chances are very good that some key players have simply not optimized their profile. This means, they simply do not look good to the outside world, including you, hopefully, next new client.

While an employee owns their own brand (and, of course, might actually be using their LinkedIn page to find their next job), each employee should at least sound and look like they work at your agency. Here are some examples of what I mean.

All related LinkedIn, etc. sites should have the latest agency branding (graphics and other branding devices.)
There needs to be some consistency in how the employee describes the agency.
It would be nice if the employee had one or more client Recommendations.
The profiles should be complete. I am not going to get into the art of personal branding. But, someone at the agency needs to do a review of the key people.
Last point, no you should not be the personal branding police. But, you do need to control your agency brand. Review your group’s personal brands and make sure that each person is aware of how you want your company represented.

Holistic Marketing.

In today’s marketing world, everything matters. Everything you do brands the agency. How you answer your phone, your agency email signatures, your position on Google, your relationship with the search community, your blog posts, all of your magnet sites including The Creative Ham. You know what I’m talkin about.

And…. how you look in your employee’s world. It all adds up.

If you want, give me a shout and I’ll use our Corleone moment to help you do a quick review.

Pitch Consultants Advice For Advertising Agencies

Peter · April 9, 2018 · 1 Comment

Advice For Advertising Agencies That Want to Win

A chunk of my book on how to win more advertising agency pitches included interviews with industry playas. These folks were agency owners, 4A’s execs, search and pitch consultants, procurement decision makers and legal experts. Many readers found these interviews to be invaluable in helping to craft pitches that did not make any of the big mistakes that lead to coming in “second.” By the way, have you ever noticed that all of the not-chosen come in “second”?

More advice. I just came across the 4A’s “One Piece of Advice” for Agencies. Agency Search Consultants Advice for Agencies. (January 2018.) Since this advice is, in many cases similar to the advice in my book (and includes some of the same interviewees), I am forwarding the long PDF to you as continuing confirmation that some agencies do things right and, according to the consultants, many are still getting it wrong.

A link to the full document is below. There is so much truth here that I’ve highlighted one major point from each consultant’s advice.

Agency Search Consultants Advice for Agencies

“One Piece of Advice” for Agencies January 2018

4A’s asked industry leading agency search consultants to provide “One Piece of Advice” that the association could share with members as they begin thinking about their 2018 new business plans.

The 4A’s consultant request noted, “Based on your knowledge of client marketer needs/wants and industry dynamics, what is the one thing that you would recommend that an agency either do or not do that can help the effectiveness of their new business efforts? We welcome your advice in any area of the agency search and selection process (prospecting, RFI/RFP submissions, creds, chemistry, presentations, etc.)”

Opportunity Assessment

Joanne Davis Consulting: “It’s not about you; it’s never been about you; it’s never going to be about you. It’s about the client.”

Do you really need to hear this again? It is always about the client and her goals, opportunities and issues.

Mercer Island Group: “Something the consultants understand better than most agencies is that you can’t offer a prospect relevant value until you have identified the prospect’s true business needs. The basic idea of the elevator speech is inherently flawed — as are most agency pitches; if you’re talking about things the prospect has no interest in, they will stop listening.”

Why do you think that pitch consulatants keep saying… that it is always about the client’s goals and issues?

Drexler/Fajen & Partners: “Agencies could spend more time really understanding as much as possible about the prospect’s business and their people and be prepared to demonstrate that in a natural way.”

Study big time: the client, its industry and the macro and micro business opportunities.

Frozen Emails And Business Development

Peter · April 4, 2018 · Leave a Comment

How Not To Freeze Your Business Development Emails

I’m not a big fan of cold calls, cold emails, or cold anything (a key reason I live in Mexico.)

However, in the land of lead generation, there are times when a cold “Hi There” email might simply be the only option. Or, better yet, a smart element of a master plan.

A cold email, a smart cold email, can, if done well, create awareness of your advertising, design or PR agency and, more importantly, begin to seed the idea that you are an insightful marketer that is worth paying attention to. In the best of all possible worlds, the smart “intro” email becomes a much warmer email because it delivers a relevant and hopefully “must read” business insight. If part of a strategic sales plan, the email will become just one element in a longer, more consistent, business development campaign.

Who Gets The “Warm” Email?

I’ll discuss email techniques in a bit. But first, who are you targeting? If your plan is to reach the right people, then you need to figure out who the right people are. Yup a duh. But, you’d be surprised, and competitively delighted, to know that many agencies don’t really know who (is it whom?) they want to reach.

Get your lists right first

Direct to prospect Email is an outbound tool. I recommend using it to reach two target buckets. These groups come from understanding your agency’s brand positioning, its sales proposition, what potential clients will truly be interested in your message and your ability to stand out and be Unignorable.

The Big List

I’m thinking about targeting your agency’s master lead gen list. The longer one. This might sound insane, but my agency had a 1,000-decision maker mailing list. This was our ‘reminder’ list. Our objective was to create awareness of our chops just in case the client needed us that day or month. Note: our strategic list rarely had unsubs since we were slavish to delivering value. This large list is hard to personalize (beyond customizing the right fields). But, you can segment it so you don’t send useless emails that will make you look and sound lame. The key, as usual, is to deliver relevant marketing insights.

The Small List

In this case, I’m referring to a hot list of say 25 to 50 client candidates. These folks, who should without question be your client (example: you are a baby boomer specialist agency and your client target group sell laxatives – LOL). For this must-get group, you’ll need a much more direct, human and, again, highly relevant, super-sharp insight-driven program.

Your List Building

Buy a list. Yes, just drop the coin on this one.

Build a hand-built list using a low-cost intern.

Use email finder tools like Hunter.io, Skrapp, and Anymail. There are more. Just ask Google.

Get the event list from that industry event you just attended.

OK, The Cold Email

This is a well covered subject area, so I suggest that you take a couple of hours and do a Google search to better understand best practices. However, here are some thought starters and a bit of guidance.

Understand that your target market is inundated with emails. Many marketing people get over 100 a day. You have to break through. Within milliseconds. Subject Line is KEY!
Testing a range of email options to get to the most opens is critical. Examples: test subject lines; who From; copy length; graphics; timing (as in the day of the week and time of day); the timing of follow-up emails; your call to action and even the ‘hooks’ you use like what micro cases or research you use to get people’s attention.

For your very personalized emails (the ones sent to your hot list) do the following.

Spend the time researching the person. Get into their head.
Understand their key pain points and figure out how to address them. No, not every pain point, but one or two key ones.
Make the subject line personal. Let’s say you are that baby boomer specialist and you want to target Schwab’s marketing director. Use a line like this: “New Research For Schwab: Baby Boomer to Millennial Inheritance”.