New Business

Advertising Agency Thought Leadership Distributition

Peter · January 3, 2023 · 9 Comments

How To Distribute Powerful Advertising Agency Thought Leadership

I am writing a new book about how to build and run a highly profitable advertising agency. Chapters of the book cover the art and science of developing impossible-to-resist, as in unignorable, thought leadership as an account-based marketing and inbound tool. Here is a quick list of advertising agency thought leadership distribution platforms. You can see more advertising agency resources right here.

Note that anything you produce can be efficiently sliced and diced and put on other platforms. Think content amplification.

13 Advertising Agency Thought Leadership Distribution Platforms

Your website. In a blog post or via a downloadable white paper, webinar offer, or podcast page. The advantage of a PDF offer is that you can ask the interested party for their contact information. Gently, please.
Your company newsletter. Build the list via website offers and gentle outreach. I’ve employed contractors in the Philippines to help build mailing lists.
LinkedIn. Three basic opportunities: 1) Post on LinkedIn (note that LinkedIn loves video). 2) Put your thinking in LinkedIn groups (for example I am a member of Digital Marketing – 2 million members). 3) Use LinkedIn Navigator to make direct connections.
Publish a LinkedIn newsletter. Your connections and followers will be invited to subscribe, and LinkedIn will alert your network whenever you publish new editions.
TikTok. TikTok has become a new gen search engine. It is currently an underutilized ad agency universe.
Video platforms. Australia’s Tiny Hunter agency has over 210 videos. They tell me that the videos help them close deals with the right new clients (right is the operative word), client types that spend time watching Tiny Hunter’s advice. The agency’s founders are more about closing the deal than racking up huge indiscriminate view numbers.
Audio platforms. Build and distribute your own podcast then transcribe it into bite-sized content and roll it out.
Leverage OPA = Other People’s Audience. Guest blog. Guest podcast. Why work to build an audience when you can borrow it?
Paper: Zines and, yes, old-fashioned letters. Hmm, or a targeted very cool (has to be cool) postcard series. So, 1986. However, so 2023 clutter busting. Paper breaks through
Write a book. Both paper and digital. The ultimate proof of expertise. Go self-published. There is no need for a time-consuming traditional publisher to write that B2B book.
Advertising. You use advertising to generate awareness for your clients, right? See What LONDON Advertising did.
Conferences. Go where your next client hangs out. Give that insight talk and make friends. Hand out that book.
Doughnuts? My agency once delivered insights directly to prospects in Portland and San Francisco using a customized and personalized Krispy Kreme box. Free doughnuts to grab attention. The box delivered awareness, actionable insights, and the offer to get some recently launched Krispy Kreme stock. It made us friends.
Write and produce your advertising agency thought leadership and get it out in the world to the right clients. They will love the good stuff.

More to come… in the new book.

Marketing Agency Influencers

Peter · September 16, 2022 · Leave a Comment

Where To Eat and Marketing Agency Influencers

This post is about amateur reviews, the power of influencers as noted by Adweek and marketing agency influencers, and reviews on websites like Agency Spotter.

Some history: I came back to Saatchi & Saatchi New York from our London office in 1994. In both offices I ran business development and ate out a lot. By the time I hit the New York office, Saatchi was on its last legs (as in a company run by Maurice and Charles Saatchi – who were soon “exited” – but founded M&C Saatchi which is arguably a savvier agency).

A thing that hit me when I returned from London in 1994 was this thing called the Internet. I ran around the agency trying to get someone to pay attention but since we were in a bit of a death spiral, I could not excite leadership about the growing digital universe.

While still at the agency I worked with our tech guru to make plans to launch a digital company funded by Digital Equipment. Around that time, I got a call from Tom Florio, the publisher of the New Yorker, who told me that the Newhouse family, the owners of Condé Nast magazines, the New Yorker, Random House and the third largest newspaper group, had this idea of launching online newspapers. I got the CEO job, a brilliant team, and said bye bye to Saatchi.

OK Now On To Reviews

Putting newspapers online in the 1990s was wild. We had carte blanche to invent the formula and the backing of billionaires. New Jersey Online was the combo of the Newark Star-Ledger (the largest paper in NJ), The Times of Trenton and The Jersey Journal. We had the news feeds from each paper, the best coverage of New York and New Jersey’s 7 professional sports teams, the first direct news feed from the Associated Press (a news first), a haiku film critic, Hoboken nightlife reviews, put zoomable cams on NJ beaches, and fab design. We also had what was one of the first set of social media forums – which drove our page views higher than The New York Times online

Ok, I Mean It. Now Onto Reviews.

4A’s On Advertising Agency Pitching

Peter · June 7, 2022 · Leave a Comment

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

Here 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

An Optimized Search Engine Blog Strategy

Peter · May 22, 2022 · Leave a Comment

I 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

An Advertising Agency Survival Guide

Peter · May 16, 2022 · 3 Comments

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

I 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

“Advertising Agency”: This is my universal term for most types of communications marketing firms.
“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.

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.
Some current clients have already reduced or canceled advertising and project spend.
Growing agency profitability has been getting more difficult.
You could be too slow in managing your costs.
Agencies, too many, are already poorly positioned, do not stand out, and worse, are unbelievably ignorable.
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.