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12 Advertising Agency Pitch Mistakes 

Peter · September 6, 2023 · 3 Comments

12 Advertising Agency Pitch Mistakes

Advertising Agency Pitch Mistakes Here are my 12 favorite advertising agency pitch mistakes. Delivered as a ‘must do’s’ cartoon series – see below.

Now that my new book How To Build A Kick-Ass Advertising Agency is on the market (and doing well, thank you – buy it) I thought I’d revisit a core message from my first advertising agency advice book.

The fact is that way too many agencies continue to make avoidable mistakes – especially in the world of Zoom-like meetings.

One of the biggest mistakes is that advertising agency leaders do not recognize the importance of interpersonal chemistry. The agency pitch consultants I interviewed for The Levitan Pitch book all told me that many agency selection decisions are made by the client determining that they LIKE the agency and its people. This is because way too many agencies are kinda look-a-like. OK, and sound alike. Work on YOU, INC.

Here they are… The 12 Advertising Agency Pitch Mistakes

I’ve purposely served the pitching mistakes up as advice, as things to do. Why? As you will see throughout my paperback and eBook, The Levitan Pitch. (especially in the interview section) many advertising agencies, pitch leaders, and team members, make these crazy mistakes. According to the 18 agency search consultants interviewed in the book, these pitch mistakes are made all the time. Agencies make them despite knowing that they will lower their batting average. This is quite baffling.

Here are five of my all-time favorites:

  1. The agency hasn’t worked at being distinctive. There might even be a fear of being “too” different. Strange, but true.
  2. The agency hasn’t done a good job of planning the flow of the presentation. They haven’t approached the pitch as theater.
  3. Agencies often leave their best presenters behind because it is someone else’s turn to go to the pitch. Huh!?
  4. The agency presents way too many strategic and creative ideas.
  5. The big one: the agency spends way too much time talking about themselves and not the client. Here is an example from the book:

“Agencies spend far too much time talking about themselves and not enough time addressing the problems of the client. Clients want to hear solutions to their problems, not how great the agency thinks it is. Best advice to agencies – focus on the client, demonstrate real understanding of their issues, unearth commercial as well as consumer insight, keep it simple, and make it memorable!”

C/O Brian Sparks, Managing Director: Agency Assessments International, UK and Ireland…

How did we all get to this not-so-special place? I think that some of the primary issues haven’t been addressed:

  • The speed at which agencies start to work as soon as they are invited to pith an account. Rarely do they stop and think through the entire process before all hell breaks loose.
  • Most agencies do not have a clear methodology for how they are going to run pitches. It is almost as if they are starting with a blank page every time they are invited to pitch for new business. I recommend a few things to do to manage the pitch including having a standard agency checklist. You can see one in my Pitch Playbook.
  • Worse, most agencies don’t even have a master business development plan.

To help resolve this dilemma, I offer my 12 deadliest advertising agency pitch mistakes as counter-intuitive must-dos illustrated by a series of cartoons from my friend Steve Klinetobe.

 

Mistake Poster

 

 

[Read more…] about 12 Advertising Agency Pitch Mistakes 

How To Win New Advertising Agency Business

Peter · September 6, 2023 · 2 Comments

How To Win New Advertising Agency Business

How To Win New Advertising Agency BusinessMy thoughts on how to win new advertising agency business from those wonderful clients that you want… was one of the first blog post messages I ran for my advertising agency business development consultancy. I started the consultancy in 2013 after I sold my Portland agency. Whoa: About 850 blog posts ago.

It was a great, useful blog post about, yes, how to win new advertising agency business and got the attention of my ad agency market. The idea is still useful.

“Wait a minute, who are you guys?”

That was the question we got from Harrah’s Las Vegas after they received our iTunes gift card. We told them who we were, thanked them again for their help and a relationship was born. Here’s how we got there.

About 10+ years ago, my Portland ad agency Citrus needed a more distinctive brand positioning. As I suspect you know, finding a new brand position for an advertising agency, especially a “full-service” agency like ours, isn’t easy. While full-service is a highly relevant service offer that many clients seek, it isn’t a particularly distinctive sales proposition in a world with thousands of similar ad agencies. The fact is, full-service sounds rather platitudinous.

There are probably 2,000 advertising agencies called full-service.

Here is how we broke out.

To refresh our brand (and get more notice) we initiated a strategic branding process. We employed the account panning skills of Lynette Xanders, one of the Northwest’s best strategists. Lynette helped us gain a better understanding of the agency’s existing positioning, insights into how our staff perceived the current and future agency, an examination of relevant industry shifts, and a deeper view of our goals and dreams. We added in a competitive review to advance our understanding of what clients need and want from an agency.

Next – We Used A Survey As A How To Win New Advertising Agency Business Sales Tool

Our next step was to create an online survey to show a set of alternative positioning statements to marketing decision-makers – our clients and target companies. We wanted to get past our own internal navel-gazing.

We took the branding exercise and added a new business spin.

We used our new business database to select a list of A-level client prospects and used the positioning research as an introduction to Citrus. The program had 6 low-cost elements.

  1. A list of 5 positioning statements were listed in an agency research section on our website. In addition to the survey, this helped us to drive the responders to our larger agency story.
  2. A Survey Monkey online survey.
  3. An email list compiled from our The List Inc. database. Now WINMO.
  4. Three-stage email outreach.The offer of winning a $50 iTunes gift card twas added as an incentive.
  5. The prospect group’s response rate was surprisingly high at about 30%. Sometimes if you ask nicely people will want to respond.

Winning Harrah’s

One of the respondents from our outreach list (wanna-be client types) was a corporate marketing manager at Harrah’s (now Caesars Entertainment.) After the manager answered the survey we sent her a nice note and the gift card. Her response was, “Wait a minute. Who are you guys?”

This question led to more emails, phone calls, and a trip to Las Vegas. The meeting resulted in our working on Harrah’s national Las Vegas Meeting’s By Harrah’s program that sells thousands of room nights per year for Harrah’s 8 Las Vegas casinos. Our work included a new website, a direct marketing program, and a print advertising campaign.

This was a rather decent result from sending out a couple of emails, asking for some help, and the delivery of an iTunes gift card. Remember iTunes?

Oh, in addition to a new client, our research also netted a new agency brand positioning.

The Message – If you want to know How To Win New Advertising Agency Business – please be different. Or as I call it… be Unignorable.

Oh… I have written lots about advertising agency brand positions. Here.

Top Advertising And Design Awards

Peter · June 19, 2023 · Leave a Comment

A Lovely List Of The Top Advertising Awards

top advertising and design awardsPut yourself in a marketing client’s shoes. They want to find and select a new advertising, digital or design firm. How to do that? They ask friends; take hours searching the Internet; maybe your agency got its account-based marketing down and the client now knows about the agency; the client hires an agency search consultant or… maybe they look at the top advertising and design awards to find an agency that a third party loves. A third party that gave the agency an award and big kisses. In a world of over 4 trillion ad and digital agencies, a client needs some help.

This list provides a list of the top advertising and design awards plus: deep thoughts on why you should even bother doing the advertising award game. This game is costly and time-consuming.

Across my global and regional advertising career, I’ve won big creative awards like the One Show, EFFIES and regional ad awards. There is a system to winning… Here are my views on advertising awards objectives and strategies. It is mindblowing how many advertising agencies do not know how to enter an award show — to win.

Note: This advertising awards list gets updated. Let me know if I am missing an award.

advertising agency awardsNote #2: I write about advertising awards and other agency and personal branding strategies to make you and your agency more famous in my new book. How To Build A Kick-Ass Advertising Agency

Another note: This is obvious but is worth mentioning. Even if you do not want to send out an award entry, these websites will point you to a great place to steal ‘winning’ ideas.

Advertising Awards Are Good… But, Maybe Start Here: Why Enter Award Shows? Do You Have A Strategy?

Winning the right advertising awards is good for business and agency and client morale. Just make sure you know why you are entering. Too many agencies don’t approach the award process with a plan or objectives beyond the search for ego fulfillment. This can make the whole effort a bit too C R A Z Y. But, you know that. Or, do you? Go here to hear an advertising award judge on his less-than-optimal experience reading agency entries.

I have a memory about the power of awards from my first day at Saatchi & Saatchi London way back in the 1990s. I walked through the creative floor and noticed a tall glass case randomly stuffed with lots of creative trophies. This haphazard display delivered two messages: 1) Saatchi wins lots of awards and 2) they don’t take these too seriously. Of course, the second point was bull shit. Saatchi was always about looking like a winner and the award case proved that point in a cheeky manner. It worked better than the usual and obvious shelf of awards that sit behind the ad agency receptionist’s head.

I have always had mixed feelings about advertising awards. On one hand, they are, like winning an Academy Award, i.e. ridiculous. No one ad, digital program or actor is the “best.” On the other hand (the one with the wallet), they are way expensive. As an agency owner, I often cringed when a creative director came to me with his handout asking us to spend hundreds on award entries.

However money aside, advertising awards have some very big advantages for agencies, clients, and creative-class workers:

The awards celebrate creativity itself. Creative strategies, art, copy and the media platforms that deliver the work.

They help our most talented people get noticed.

They help smart well-designed agencies get noticed by occasionally confused clients who need second party confirmation when selecting an agency. To me, this is a very important point and one that makes writing those increasingly expensive entry checks worth the cost. Awards should be a big part of an agency’s business development program – not just an ego stroker.

To put all of this go-for-it into context, I wrote about the Portland agency Pollinate a few years back that has done very well (!) by hammering Advertising Age’s Small Agency awards show. The blog post, “How To Win The Ad Age Small Agency Award? Twice?” is a demonstration of the value of entering and winning an award that has meaning for prospective clients because it is delivered via an industry-leading publication. Check it out.

Last point before the list. Award judges have told me that around 30% of agencies do not know how to create an entry that is designed to win. Poor copy, poor strategy, even typos. Many agencies rush through the process at the very last minute. Do you? Do you have an annual award plan? Who is in charge?

My Favorite Advertising & Marketing Awards

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ABM As In Account-Based Marketing Fails

Peter · April 21, 2023 · Leave a Comment

account-based marketingAccount-Based Marketing Anti-Failure

I help my advertising and marketing agency clients build effective ABM – Account-Based Marketing programs. I’ve seen some failures over the years and want to share my thoughts on failure over the next few newsletters. Here is a quick list:

  1. You cannot build your best prospect list because you haven’t accessed the right information and data. As a result, your target list is too broad and undefined.
  2. You do not personalize your outreach content.
  3. Your marketing and sales teams are not aligned.
  4. You do not give your ABM programs the time to become effective. This isn’t usually an overnight/one-time hit tactic. As in, your sales cycles might be too short for pure ABM, and worse you are way too impatient.
  5. You do not have an efficient, smart, hard-to-resist thought leadership program. Plus, you might not be sending unignorable content out into the world. Be not boring.
  6. You haven’t allocated the right budget for your Account-Based Marketing efforts. There are staff, design, and marketing costs. Plan well.

ABM works if you have a solid plan. Full stop.

More ABM Insights

I will riff on these fails. soon.

34 Advertising Agency Search Consultants

Peter · March 28, 2023 · 6 Comments

Advertising Agency Search Consultants – The Personal Shopper Of The Ad World — Updated 24 March, 2023

advertising agency search consultantsI’ve updated my list of the advertising agency search consultants universe. After updating we’re at 42. But, I can not update the “34” URL – so, there. Let me know if I am missing any consultancies. Thanks.

Is Your Agency Findable?

Blows my mind that more (together) advertising agecies are not know within the agency search community. ya know… the people that are looking for your agency for your next client.

Before I get into the subject, I want to make an important point. Whether or not your agency has the chops and appropriate expertise to get the attention of a search consultant, please try to look and act different. Be unignorable.

Yes, you might be a great social media agency or media planning and buying group. But, I bet you have at least a dozen look-alike competitors.

Get It Right – First = Ask The Tough Questions Before You Contact Advertising Agency Search Consultants

Ask how you will stand out under the scrutiny of expert agency search consultants. Ask yourself, would you be interested in your agency? Ask me to help you.

The Big World of Advertising Agency Search Consultants

Advertising agency search consultants help clients locate the perfect agency out of hundreds, even thousands, of small and large agency options. It is estimated that about 10% to 15% of all searches use the services of a consultant (I am thinking about dollar volume, not total agency searches.) I suspect that the number of consultant-led pitches is well over 50% for clients that have large budgets, complicated accounts and now, highly specialized agency requirements.

Should Your Agency Contact An Advertising Agency Search Consultant? It Depends.

Should your agency contact the search consultants on this list? Well, yes and no.

[Read more…] about 34 Advertising Agency Search Consultants

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