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Smart Agencies

Two Advertising Agency & Client Chemistry Strategies

Peter · October 10, 2016 · Leave a Comment

Two Advertising Agency Chemistry Strategies

imagesI have been focused on the idea that interpersonal chemistry is one of the most important decision-making criteria that a client uses when selecting an advertising agency. I also think KNOW that chemistry can be massaged and managed. In fact, if you want to win, you better work on releasing those special business pheromones.

Managing Chemistry

I recently advised an advertising agency on their approach to a pitch that included how to run an interpersonal ‘chemistry’ new business meeting. The agency is one of seven agencies in a pitch for a very large east coast client.

The client asked for a ‘let’s get to know each other’ chemistry meeting because they know that by the time they had narrowed their list from the four thousand agencies out there (yikes) to seven, that much of their decision criteria on which agency to move forward with would come down to likeability and an understanding that the agency had the intelligence to help efficiently grow the client’s business.

The client needed this meeting because…

All Advertising Agencies Look The Same!

Ok, ok, all agencies are not the same. But, I can guarantee you that probably five of the seven agencies are so similar in approach, client base, case histories, skill sets, office furniture, etc. that the client realized that the interpersonal chemistry element was ultimately going to be a critical decision-making factor.

While my agency client and I discussed a range of pitch issues and opportunities, we settled on two must-have’s to make the meeting work in their favor.

Client Meeting Management

First, we discussed how to plan and manage the meeting. If an agency cannot run a smart meeting – especially the chemistry meeting, then the client will immediately begin to think that you cannot run a smart agency client relationship. I am a very strong proponent of the art of meeting management. I suggest that you read this post on how to manage a meeting. Your clients will love you for it. Hmmm, maybe even some of your future clients as well.

Deliver A Trial Run

Since this was a chemistry meeting – a ‘get to know each other’ meeting – I informed agency management that the best way for the agency to demonstrate that they were a good fit for the client was to… act like they already had the account. [Read more…] about Two Advertising Agency & Client Chemistry Strategies

eMarketer and Digital Advertising Growth

Peter · September 23, 2016 · Leave a Comment

eMarketer and Digital Advertising Growth

download-eDouglas Clarke, eMarketer’s PR Manager – North America (dclark@emarketer.com) shared some information on the digital advertising market ahead of the large Advertising Week conference.

US Advertising Revenue

  • In 2016, total media ad spending will reach $195.76 billion, an increase of 6.9% over last year.  
  • This year in the US, digital ad spending will reach $72.09 billion, a jump of 20.5% over last year.  
  • Digital will represent 36.8% of total media spending in the US.
  • Mobile internet ad spending in the US will grow 45.3% this year to $45.66 billion.  
  • Mobile represents an increasing share of total digital ad spending – this year growing to 63.3%.
  • US display ad spending will grow 28.4% this year to $34.56 billion.
  • US search ad spending will grow 15.4% this year to $33.28 billion.
  • Digital video ad spending will reach $10.30 billion this year, a jump of 34.1% over last year.
  • TV ad spending will grow 3.5% this year to $71.29 billion.
  • Social network ad spending in the US will grow 41.3% this year to $15.36 billion. It will represent 21.3% of total digital ad spending.

These growth numbers (!!!) are rather aggressive. Or, let’s face it, if you are in the advertising / digital industry — they are very impressive. If I still owned my agency I’d sure be going strong into mobile and video desktop and its relationship to Social and SEO. 

I Know You Like Charts

emarketer_us_digital_ad_spending_by_device_and_format_2015-2020_2158741

 

Smarter Advertising Agency Business Development

Peter · September 15, 2016 · Leave a Comment

How To Build A Better, Smarter Advertising Agency Business Development Program
apple_podcast_logo

WARNING: This is a long blog post about how to build a better, smarter advertising agency. Actually, this is Part One of an even longer post. It is a looong post for a couple of reasons.

  1. This is a transcript of a 40-minute interview on advertising agency business development that I did with the super savvy Drew McLellen and his must / should listen to advertising podcast, “Build A Better Agency“.
  2. Google loves loong blog posts. So, having an interview transcribed into text is a very good SEO tactic. I’ve done this before with some of the interviews I did for my book on pitching. Having text allows me (us) to have an audio and text for a blog post which can then be marketed across social media sites like LinkedIn, Facebook, and Twitter. It is a very smart idea to extend the reach of any thought leadership you do. So easy too.
  3. Some people would rather read an interview than listen to it so here it is.
  4. I want to use Drew as an example of how to do and market a podcast. To date, he has done 49 interview podcasts. Podcasting provides 4 basic but sweet benefits. 1) It is a great way to look and sound like an expert by interviewing other experts; 2) podcasts are relatively easy to do; 3) interviewing people helps you make friends (imagine having an agency podcast in your agency’s specialized category where you interview potential clients); 4) it is all about marketing yourself or your company.

Here is a link to some other smart marketing podcasts.

Build A Better Agency

[Read more…] about Smarter Advertising Agency Business Development

How Bad Service Screws Ad Agencies

Peter · August 3, 2016 · Leave a Comment

How A Client’s Bad Service Screws Ad Agencies

download bThis is a post about how ad agencies are at the mercy of their clients. I am talking about how agencies can be the victims of clients that do not deliver on their brand, product, and service promises. How the client’s, not the agency’s, bad service can ultimately kill a good client relationship.

A Poor Service Story

I recently made a mistake when setting up a bank transfer using Bank Of America’s online money transfer service. The money went to an intermediary account at Bank Of New York, instead of the actual person I was sending the money to, and I wanted to get it back. I thought that this would be a relatively easy fix. Not!

To make a multi-day bad service story short, I called Bank Of America’s customer service and they passed me on to the bank’s money transfer department. The transfer department’s phone rang for minutes. I tried again. They did not pick up. I called customer service back to make sure I was sent to the right phone number. I was and went through the same no-pick-up routine. I gave up. Note, I am doing all of this from a foreign country, which makes the calling a bit more difficult as I have to modify any 800 or 888 numbers to make these calls.

I tried the whole process again the next day but would not let the customer service rep off the line when she passed me to the money transfer department. Again, they didn’t pick up. The customer service rep couldn’t believe that our call went on ringing. I told her that I couldn’t take this anymore, was fed up and wanted to get off the line. But,she made a big service mistake. She did not note my level of frustration and did not offer her name and contact information for me to follow up and did not ask for mine. Poor service management by the bank.

Later that day I called my Portland bank branch directly and asked for the manager. She told me that she would take care of the transfer mistake for me. I didn’t hear back. I called back the next day and was told that she was working on it and would call back. But, nada.

The next day, I bypassed “customer service” by going to Google and called a random branch in New York. A man answered, wondered how I reached him and after I explained the problem, told me that I had reached the right guy and that he would take care of everything. He took my contact information, sent me a follow-up email and a day later told me that the money would be returned to my account. This was efficient and cool. So cool, I emailed his boss about what a great job he did for me. I know the email arrived because I copied the praised employee. Did I ever get a thanks for the kudos from the boss? Something I always did when one of my agency employees got praise from clients? No. I am now convinced that Bank of America has no customer focus.

When Your Clients Suck, You Suck… Or, The Failure of Performance-Based Compensation

[Read more…] about How Bad Service Screws Ad Agencies

4 Advertising Agencies That Get Video Marketing

Peter · July 27, 2016 · Leave a Comment

Does Your Advertising Agency Get Video Marketing?

Old-fashioned four legged TV set isolatedYou know video is a powerful marketing platform.

You know that people absorb more information from videos than from reading (Why? Maybe it’s our 2016 style mobile phone-driven ADHD…)

You know that video sells because you remember how much those mini shoe demo videos did to increase Zappos’ shoe sales. From a reelseo 2009 interview with Rico Nasol, Zappo’s Content Team Senior Manager: “Those videos are said to have a sales impact of 6 to 30% which has prompted Zappos to strive for 50,000 videos next year (they have about 8,000 currently). That will include 10 fully working studios for 2010 to handle all of it.”

You know that your current and future clients need to know that you know that video is a critical element of today’s advertising world.

You know that people will spend a lot less time looking at your website’s really cool graphics than your creative director thinks. You need to capture their attention – quickly and dramatically. You know that videos do that.

????

So, why don’t more agencies use video to sell themselves? Beats the heck out of me.

4 Advertising Agencies That Get Video Marketing

Here are four agencies that get video. Benchmark them.

By the way, I am not going to write a 750-word SEO-oriented blog post to support my thoughts. Just read my quick intro and watch the videos.

HawkSEM

HawkSEM is an L.A. based search engine marketing company. They lead their website with a video that immediately says… “HawkSEM in 90 Seconds”. They understand ADHD.

hawksem

 

FUNNELBOX

FUNNELBOX is a video marketing expert that sells itself via a wide range of informative videos about, yes, video marketing. They deliver these on their website, in their email program, and on YouTube. Even you can learn from them.

https://www.youtube.com/watch?v=ewJS4Ma07cw

Brand Definition

Output PDX is a new video series from Portland and New York’s Brand Definition. This agency interviews leading Portland marketers to deliver smart thinking and to increase the brand recognition of… Brand Definition. Here is one of my favorite videos. Yes, its true.

Zulu Alpha Kilo

Finally, if you don’t think that video can help sell an advertising agency… visit Zulu Alpha Kilo and see why Zulo was named Ad Age Small Agency of The Year. Here, use their spec work video with your future cheapskate clients. I am sure that Zulo wouldn’t mind.

zulo

 

 

 

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