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Advertising and Ageism

Peter · May 7, 2019 · 3 Comments

Advertising and Ageism = Insanity

I am going to discuss two forms of advertising and ageism. First, as it relates to agency staffing and second about the insanity of not marketing to the richest consumer market.

Start Here: There are few areas of the advertising industrial complex that baffles more than rampant ageism. Here is a World Health Organization definition of the master issue…

Ageism is the stereotyping and discrimination against individuals or groups on the basis of their age; ageism can take many forms, including prejudicial attitudes, discriminatory practices, or institutional policies and practices that perpetuate stereotypical beliefs.

I see two areas where ageism lives in advertising.

Oh, oh… before I start. I was going to use Jeff Goodby of Goodby, Silverstein & Partners (that’s him in the photo) as an example of an ‘older’ guy who still works in advertising. But, and I find this kinda humorous, it is virtually impossible to find out how old Jeff is. I suspect that he has erased age from his bio.

First: Ageism and Advertising Agency Staffing

There is no question that the advertising industry is about young people and the not over 45 employee. According to AdAge:

In 2017, the majority, or 63 percent, of workers in advertising, public relations and related services were under 45 years of age, according to the Bureau of Labor Statistics. The median age in the category was 39.2—roughly the same as a decade earlier. (By comparison, the median age in accounting, including tax prep, bookkeeping and payroll services, was 45.)

Though I find advertising agency employee-based ageism unnerving, I understand this bias from a business perspective. As an ex-agency owner, I know the need to keep staff costs down. In what is becoming a lower and lower margin industry, cost efficiency, especially when it relates to salaries and healthcare costs is critical. My over 50 employees cost a lot more than my under 40.

Another reason that agencies go “young” is that there is the perception that older workers do not “get” new digital marketing platforms. Really? Are we really thinking that one has to have been born after 1990 to understand how digital marketing works? I am twice the age of the average agency employee. Yet, I was one of the ‘inventors’ of digital news in 1995, launched the first natural language marketing interface in 2000 (think bots) and ran an Oregon agency that specialized in digital marketing. Do you think that I am the only older person that gets it? I mean frankly, how much of a fucking genius do you have to be to understand Instagram video?

I think that the idea that anyone over 45 does not get it is simply an excuse to keep costs down by reducing the number of more expensive employees.

Second: Ageism and Advertising’s Missing Demographic

Imagine a marketer waking up and not wanting to market to a huge segment of the population? Well, that is how advertising works today.

Despite being a massive market, only about 5% of U.S. advertising is even aimed at people over 50 according to Havas Group. There are many reasons for this. But I think that ageism plays a part (like you are 27 and like why would I want to spend my client’s budget on people like my parents?) I mean, they don’t use Snapchat. They don’t play Minecraft. They don’t binge drink.

When you staff up an agency with 27-year-olds, you are going to miss having a bunch of people with broader life experiences. The kind of life experience (and no, I am not suggesting that agencies need in-house 70-year-olds) that helps your agency sell more stuff.

Isn’t an advertising agency in the business of selling more stuff? To like, whomever?

Possibly, not selling more stuff is a reason that advertising agencies are not perceived as being essential as they used to be to driving client sales.

OK, time for my milk and cookies.

Want more? Read this from Fast Company: Why marketing to seniors is so terrible.

 

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…

  1. 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.)
  2. 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 Awards

Peter · March 8, 2019 · Leave a Comment

A Judge On How Not To Win An Advertising Award

I Am Stealing From A Genius To Help Your Agency Win An Advertising Award

Warning: I will be testy here. Despite the fact that advertising agencies love winning the big advertising award – they shoot themselves in the foot when writing the entry.

Too often agencies are really bad at how they write up their award entry. Given the number of the “We want to win” bucks agencies spend on creative and ROI awards — to fail at the application stage is insanity.

RFPs Too

Side note, after writing mucho RFP responses for my agency; talking with dozens of clients – who are often baffled by poorly written RFP responses; and reviewing RFP proposals assembled by my agency clients, I have to tell you that the same affliction is running rampant when agencies respond to RFPs. Reponses are often poorly written; rushed out the door; do not follow instuctions and on. But, that’s another blog post.

Back To Awards

You want that ad award…. here’s why… the wonderful, shiny, famous advertising award begets a range of benefits:

  • Fame. The fame equation is simple: advertising awards equal global and local industry awareness. Let’s go big. If you win a Cannes Lion or an ADDY more clients will hear about you. You can talk about your win on your agency website. But, even more people will hear about it in Ad Age, your local business journal and the award website itself.
  • Awards deliver third-party confirmation of your prowess. Awards deliver new client interest. Awards are proof that you are great at what you do. This is especially true when you consider the amorphous concept of ‘creativity’ and how wonderful it is when someone else calls you ‘creative’.
  • You get something new and shiny to talk about. If it is a big award, you can put it on your home page. And, even in your outbound marketing.
  • Your clients will receive confirmation that they made the right decision when they hired you. Some might even congratulate you.
  • Your agency staff feels really good.
  • You’ll use the award to entice talent to join up.
  • You will have a statue of some sort to put in your award-strewn agency reception area.

All good, right? However, over the years I have seen many hungry agencies fail at the actual art of writing award entries.

Yes, there is an art. When I worked at New York’s Dancer Fitzgerald Sample (the largest agency in New York) we prided ourselves on our ability to write great award entries. For a few years running, we won more EFFIES than any other agency because we understood how to meet the needs of EFFIES judges and had a smart, effective template. In fact, if you go to the EFFIES website, you can read award-winning case studies. But, right now I’d like you to stay with me.

Writing a smart, well-written advertising award entry seems like a no-brainer. But, for too many agencies, it is a no-brain act.

But… Don’t Take My Word For It (OK, Now The Genius Part) An Advertising Award Judge’s Perspective

[Read more…] about Advertising Awards

How Strategy and Brains Drive Attention and Sales

Peter · March 7, 2019 · Leave a Comment

Faris-Head-Shot-StarBurst-EDIT-254x254The Art Of Strategy And Sales

You are about to read one of many interviews with advertising geniuses that are in The Levitan Pitch. my book on pitching and presenting. You can buy the book from Amazon and I make is really easy at the top of this page. If you are in a hurry, just click here.

But, first…

The Wonderful World Of Strategy From the Effervescent Mind Of Faris Yakob

When I first moved to Saatchi & Saatchi Advertising London in the early 1990s, I had the pleasure of entering the golden age of account planning. Even New York agencies hadn’t truly grasped the benefits of account planners vs. America’s traditional researchers. One of the definitions of account planning is that it brings the consumer mindset into the process of developing advertising. Here are two more definitions that directly relate to most client pitches.

“The account planner is that member of the agency’s team who is the expert, through background, training, experience, and attitudes, at working with information and getting it used – not just marketing research but all the information available to help solve a client’s advertising problems.”

– Stanley Pollitt, founder Boase Massimi Pollitt and wrote the book, Pollitt On Planning.

“Planners are involved and integrated in the creation of marketing strategy and ads. Their responsibility is to bring the consumer to the forefront of the process and to inspire the team to work with the consumer in mind. The planner has a point of view about the consumer and is not shy about expressing it.”

– Lisa Fortini-Campbell, Kellogg School of Management

Earlier in the book, I discussed that the Internet and a wide array of easy to use strategic tools have helped us all become more adept at research and being able to deliver many of the benefits of account planning. That said, being an expert in strategic planning and innovation is a full-time job. Here is one of the worlds most famous full-time experts.

A Strategic Expert Talks

Faris Yakob, Founder and Principle, Genius|Steals and… his book “Paid Attention: Innovative Advertising For A Digital World” 

41gjmX9VsdL._SX332_BO1,204,203,200_Faris Yakob is the Founder and Principle of Genius|Steals a global planning, idea and innovation consultancy that works on new product concepts, new communication ideas, workshops, inspiration, strategy, content creation, and new ways of thinking. Genius|Steals’ clients include: Fast Company, Grey Advertising, Marriott, Microsoft, Ogilvy (NY), and P&G.

Prior to founding Genius|Steals, he was Chief Innovation Officer MDC Partners/KBS+ and EVP Chief Technology Strategist at McCann Erickson. To top it off, among other kudos, Faris was Chairman of Integrated Jury and Content&Contact Jury at the 2011 Clio Awards.

PL: Do you call yourself an account planner?

Faris: That’s a good question. I have been an account planner, a media planner, a digital strategist, a communications strategist, and I’ve been a management consultant. So I guess, loosely in the area of strategy, I’d say yes. [Read more…] about How Strategy and Brains Drive Attention and Sales

Is Your Advertising Agency Underpaid?

Peter · March 2, 2019 · Leave a Comment

This post is about the underpaid advertising agency. As in, your advertising agency is probably underpaid – or under managed. Or both. Believe me, they are connected.

To be cute, this post is about the three P’s…

Profit, Process and Podcast.

Don’t forget to scroll down and listen to the podcast. In the meantime…

I recently had the opportunity to meet with Michael Farmer, author of Madison Avenue Manslaughter. Michael’s is a disturbing must-read book on the business of advertising agencies. Michael covers the reasons for the advertising industry going from high profit to low profit. From being paid almost too well (as in the 15% commission on media) to underpaid for its value (as in cost-plus or fixed fees). Mega-point, agencies do not know how to manage SOW — scope of work. I urge you to read the book.

To further one of Michael’s major points, I recently got an email newsletter from him where he discusses the “agency of the future” – a subject I have written about. Michael points out, and titles his email, “The First Step for The Agency of the Future: Become a Well-Run Business”. His point:

Much has been written about the “Agency of the Future.” It is integrated, digital, efficient, agile, analytical, creative and effective. It is adaptive and reflective of clients’ needs. It is completely transformed. It walks on water. However, the Agency of the Future cannot be created unless it first becomes a well-run business that generates the necessary financial resources.

So, Is Your Advertising Agency Underpaid & Undermanaged?

You are undoubtedly underpaid. I am not going to belabor this unfortunate point. However, other than charging correctly for your work (a yikes if I ever heard one), I suggest that many agencies are simply undermanaged.

Or, poorly managed. Or, without a sound process. A process that goes from the master business plan to execution. [Read more…] about Is Your Advertising Agency Underpaid?

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