Insights

The Business Of Marijuana & Advertising

Peter · March 6, 2015 · Leave a Comment

The Business Of Marijuana & Advertising & Publishing

I’ve written a bit about the burgeoning marijuana industry and the new business opportunities for ad, digital, social and PR agencies (see a link to articles at the bottom of this post.)

In Portland alone, there are over 35 medical marijuana dispensaries and each one has driven incremental business for a wide range of suppliers including landlords, contractors, interior designers, security firms, lawyers, accountants, venture capitalists, safe companies (each dispensary has at least one), package and graphic designers, ad agencies and publishers. I have a good take on this business because I am an investor in two medical marijuana dispensaries.

To give you an example of how crazy this business can be. Here is what I did yesterday (and why.)

I was in Vancouver, Washington meeting an illustrator friend for lunch. I then went to take a look at two fully recreational marijuana shops. This means that you can just walk in, prove that you are over 21 and then a buy marijuana as you would cigarettes or wine. What was massively interesting was that one of the stores (on Main Street, literally) had 22 customers at 2PM on a Thursday. There weren’t 22 customers buying wine at a single wine shop at 2PM.

Later in the day, I was in the back room of a Portland marijuana shop photographing the store’s ‘joint roller’ and getting a couple of artisanal ‘art’ joints (like the one above). Yes, joints.

So, now the why…

In case you are wondering, I am not at all a big stoner.

But, I am starting a small publishing entity that will cover this huge and growing market. I am currently shooting photographs for two small books (“Joints” and “26 Dispensaries”). I will add other small books (imagine portraits of bud tenders) and apparel based on a new brand that will be coming to a browser near you. All of this will eventually be used as Kickstarter rewards for the funding of a large book on the industry.

I will keep you posted on my progress.

Marijuana Links & The Start Of A Discussion About This new Billion Dollar Industry

Here are the articles I’ve written on the subject.

7 More Ridiculous Ad Agency Presentation and Pitch Mistakes

Peter · March 3, 2015 · 1 Comment

7 More Ad Agency Search Consultants On “The Single Worst Presentation Mistakes”

Here is Part Two of a list of ad agency sales presentation and pitch mistakes from some of the most experienced people ever to sit on the buyer’s side of a B2B sales presentation table. This list, and the next three parts are from my book, “The Levitan Pitch. Buy This Book. Win More Pitches.” The poster on the left has all of my top 12 agency presentation mistake cartoons. These are all in the book.

Don’t miss Part One of the series and its first 6 mistakes… it is right here.

Mind Blowing.

As you will see from this series on agency presentation and pitch fails, most agencies make these mistakes. Yes, it is hard to step up and say that you and your team also make these kinds of mistakes. But, according to my agency search consultant friends, and their zillions of hours sitting across the table from you, you are in fact making these mistakes.

Pete Bogda: ABA Consulting, Inc., Texas

The common/worst mistakes that agencies make is not starting with the folks who will be on the client team, but load the room with agency top brass and/or stars. [Read more…] about 7 More Ridiculous Ad Agency Presentation and Pitch Mistakes

How To Create Nice Ad Agency Clients

Peter · March 2, 2015 · Leave a Comment

My first client was General Mills (Total cereal and Yoplait). GM had been a client of my agency Dancer Fitzgerald Sample (the largest agency in New York at the time) for over thirty years and the relationship was deep and sweet. It was based on mutual respect and the goal of producing great creative to drive sales. It was a fabulous starter client, but I soon realized that all of the clients that I would work for in the next 25+ years were not going to be as professional. Most were, but not all.

My old agency Citrus once had a very profitable casino client who’s marketing director was soooo stressed out and f&cking mean that she had made an AE cry. After determining that this was not a win-win situation, we fired the client. A few years later we readmitted her and the casino to our account list. Time had passed and they needed our expertise and frankly, we liked their budgets. We also hired a brilliant ‘lion-tamer’ AE that actually wound up building a great relationship.

Then the client left and an even more major asshole became the marketing director. (What’s up with casino clients? I’ve heard casino client horror stories before.) The President of the casino thought that this guy ‘got it’ as he had run the floor of a major Las Vegas casino. Guess what… he didn’t have a clue and he was very insecure.

Things got so bad before we again parted ways, that I wrote the following white paper to:

1) Tell my clients that nice, professional clients actually get more time, personal attention and hard work from their agencies;

2) That being nice and decent and professional is a good thing and,

3) I had to blow off steam — nicely. I figured, why not turn this problem into a learning experience. Here’s the 2009 white paper based on my best ad agency client relationships during my 16 years at Saatchi & Saatchi and owning my own agency. Why not share it with your clients? Subtly.

“I Heart My Ad Agency. Or, How To Create Nice Clients.”

Building a Strong client-agency relationship for Better Work— and Better results. Lets start with a good quote.

“There are no bad advertising agencies, only bad agency-client relationships.”

Kenneth G. Romanzi, Domestic Chief Operating Officer, Ocean Spray Cranberries [Read more…] about How To Create Nice Ad Agency Clients

Freeze Your Ass Off While Pitching Ideas

Peter · February 26, 2015 · Leave a Comment

The Polar Bear Pitch Fest

The Finn’s have pitching figured out. And, as you know, are the best at freezing their asses off. Vodka anyone? Thanks to @Btubenetwork.

Is It OK For Ad Agencies To Shout?

Peter · February 25, 2015 · 1 Comment

Yes, it is OK for ad agencies to shout.

First, a story.

I received an email last week from a reader that told me that he thought that I was promoting my book on presenting and pitching too hard. I found this comment thought provoking for a few reasons.

I have, like most of you, been ‘selling’ something for years. I’ve sold creative, strategic thinking, internet startup ideas, ad agency services, an ad agency itself and two books. Selling comes naturally to me. Not hard selling. But, selling nonetheless.

Why shouldn’t I be promoting my book? It is after-all my book; a new business tool for me (I get new clients because they have read the book) and it is a great read, if I do say so myself. OK, I’ll let others talk about its value at the bottom of this post.

I wrote the book as a marketing tactic and ‘publishing event’. It delivers credibility and gives me an outbound marketing tool (I send it to the right people) and an inbound source of lots of content. It has 70,000 words that I can repurpose on this blog, as guest posts, on LinkedIn and on SlideShare.

The book forms the basis of one of my strongest recommendations to my ad agency clients: help your agency stand out by writing a book. [Read more…] about Is It OK For Ad Agencies To Shout?