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Wake Up Call: Advertising Budgets Are Moving To Mobile From The Desktop

Peter · December 16, 2013 · Leave a Comment

I’ve “suggested” that advertising agencies put more focus on the growing world of mobile advertising. I understand that this is yet another media option that needs care and attention at your already busy agency. But… you have to get with it. You will soon have no choice and it could be too late for your agency if you don’t pay attention to this media shift.

Look At The Accelerating Shift Of Advertising Budgets From Desktop To Mobile

From eMarketer:

Next year, eMarketer predicts, overall spending on desktop advertising will increase by just 0.41%, while mobile ad spending will grow a further 56.00% to $14.97 billion. By 2016, spending on mobile will rival desktop spending, and in 2017 it will blow past, posting $35.62 in ad spending compared to the desktop’s $27.21 billion.

The trends are working at warp speed. What business will your agency be in in 2017?

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And where within the world of mobile advertising and marketing will marketers be spending those dollars?

I’d be getting real good at video strategy and production. Which, by the way, if you are in advertising, you are already good at.

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Half of Advertising Agency Staff Hates Pitching

Peter · December 15, 2013 · Leave a Comment

frownAn Advertising Agency Staff That Hates Pitching Isn’t A Good Thing

A 2013 study by the research firm Provoke Insights confirmed what we all know. The advertising agency new business pitching process can be debilitating.

From Provoke:

“… approximately half (47%) of advertising professionals surveyed by Provoke Insights say they are dissatisfied with the current internal approach to pitching.

47%. Ok, pitching is intense. So, what else is new? Pitching is also intense for architects, nuclear power plant designers and fighter jets salespeople. Writing, presenting and winning (or losing) pitches is intense.

It can also be exhilarating (more on that a bit later.)

Other findings on pitching:

Issues include: “unrealistic timelines” say 66% of respondents / “long work hours” say 65%

And, because Provoke is a research company who paid for the research, we get this nod towards having insightful insights:

“Forty-four percent of advertising professionals stated that if there were better availability of research and data, pitches would run smoother and (be) more successful.”

Here’s more on what resources agencies say they need to kill it:

support_need_to_pitch

 

By the way, I posted about how to use free, smart internet based tools to create insights here: 13 Free Big Data Tools For Advertising Agency New Business.

Back to exhilarating.

  • Pitches are a major way agencies win new business. Ya gotta be in the game. Maybe Droga5 can get away without pitching.
  • Pitches make sense if they make sense. Don’t pitch just any account just for the sake of pitching.
  • Pitches are team sports and, importantly, build team spirit.
  • Pitches help agency staff stand out and be stars. Especially important in larger agencies.
  • Pitches are fun to run if you know what you are doing and have a solid plan.
  • Pitches, winning pitches that is, can make the agency happy and richer. A good thing.
  • Pitches hone agency thinking; highlight skills and help agencies think about what the agency actually has to offer or needs to build for the future. I think that the benefit of forced introspection is underrated.

The full report can be read on AdRants.

I’ve tried to make the art and science of pitching more successful and even fun. Just read my book. Look up top to learn more and make that all important purchase that will lead to more — wins.

 

Droga, Esquire And An Advertising Industry Take-Down

Peter · December 10, 2013 · Leave a Comment

drogaIts my guess that the profession of “advertising” is slightly more loved by Americans than “Congress.” It is therefore fascinating that David Droga, an advertising industry superstar (according to the people that make these pronouncements), has chosen to use his access to Esquire Magazine’s Best and Brightest series to tell the other people in his industry that they are lazy. L A Z Y. Cool! And, speaking for the advertising industry, thanks so very much.

I’ve read Droga’s “Where Advertising Will Go Next” a couple of times. I’ve been trying to assess the value of his spew. I can’t seem to find much in it beyond enjoying his art of self-promotion. Lets parse some of the key Droga thinking. Here are the article’s section headlines and my perspective.

The Strongest Story Wins

Droga says that today’s advertising “is more about interruption and intrusion than compelling narratives or a good laugh.” He says, advertising agencies don’t add value. If anything, agencies often take it away.” OK, I’m sorry, is there news here? Have I missed over 70 years of interruptive radio and TV advertising? Did viewers ever want leave their programming to go to a commercial break? And, speaking for the industry, thank you for alerting all of us to the idea that delivering a compelling story is a good idea.

Surprise, Advertising Works When Its Relevant.

Droga rails at today’s lack of creativity. He says, “The ingredients for great advertising haven’t changed since the Mad Men era: Brands win if their advertising is relevant and people like it.”

The fact is most advertising has never been great or even very good, or worse, effective. OK. I’ll give the industry a break and say that 50% is good. We also know that 50% of all advertising dollars are wasted. I’ve always agreed with that ratio and am not sure that the times have changed. So, David, where is the news here?

“No industry works harder at being lazy.”

Why is 50% of all advertising wasted? Droga tells us its because,

No industry works harder at being lazy.

Droga says he can tell the difference between the 50% of advertising that works and the 50% that doesn’t — and, guess what, his Droga5 advertising is in the top 50%! Obviously, Droga5 ain’t lazy. Cue the real reason for the article – its in my last sentence.

Back to the the lazy point. Are lots of ads ineffective because Creative Directors are lazy? No. Its because only 50% are really good at creating compelling, relevant advertising.

I’ve been doing advertising at multi-nationals, my own agency and as a client for 30 years. Creating less than optimal advertising has never been about being lazy; It’s always been about talent. In my experience, most of the people I’ve worked with in advertising have been hard working high-energy types. However, as is the case with all creative endeavors, some Creative Directors are talented and some aren’t. But, in my experience, talented or not, they’ve all worked hard. Lazy? No.

David Versus Goliath (Spoiler Alert: David Wins.)

Droga’s David vs. Goliath rant (essentially that big multi-national agencies suck) has been going on since the mergers of early 1980’s. Do we need to hear more about this internal industry battle? Some clients want and think they need big, others don’t. Are there geniuses at large agencies? Yes. Are there lazy losers? Yes. Ditto for many medium sized agencies.

Figure Out Mobile. Now.

Finally, Droga wants us to please figure out mobile marketing…. Sure thing Dave, coming right up.

Can you spell “duh?” Of course we need to figure out mobile, but we’ll at best get mobile 50% right (only got TV 50% right so far), so be cool. Unfortunately for the ad industry, mobile is about communications and applications and TV is about entertainment. Neither of these mediums have ever been primarily about “advertising.” By the way, has Droga5 figured out mobile? Has it?

PR Rocks

My ultimate takeaway from this Esquire piece? It’s a good “ad” for “Droga5. It will get them more attention from prospective clients (despite talking down to Esquire’s audience and buggering all other agencies) and it proves that Droga5’s PR works at getting ink.

But, did Droga present any new, big ideas? Really, any? No. Did he add to the perception that the advertising industry is lame? Yes.

Thanks, buddy.

____

By the way, I’d rather be Sam Kinison than Droga… Go check out a real good laugh.

While you are at it… Don’t miss any of my brilliant (LOL, but I mean it) thoughts on new business.

Sign up for my weekly newsletter.

The Advertising Agency Model, New Business, Pitches and CMO’s

Peter · December 6, 2013 · Leave a Comment

displayOnce again some great data on what CMO’s think about advertising agencies and the pitch process from pitch consultant Avi Dan. Head over to Forbes to see the article, “What are 10 great ad agencies of 2013 according to CMO’s?”

Avi conducted an online survey in November, 2013 with 1,850 CMO’s to determine their ranking of leading advertising agencies and to get insights into their views on what it takes to win a pitch. While its nice to see my hometown boy Wieden + Kennedy be ranked as the best agency, I don’t find this information that useful. Maybe it is to a top 100 brand but it isn’t to the other 10,000+ clients out there or the other 4,000 agencies. [Read more…] about The Advertising Agency Model, New Business, Pitches and CMO’s

Gen X, Millennials And Gen Y: Will They Work In Advertising?

Peter · December 6, 2013 · 1 Comment

“Are Advertising Agencies Cool Enough For Millennials?”  is a Talent Zoo interview I just did with with Michael Donahue of the 4A’s. The interview discusses the millennial generation and how advertising agencies are going about wooing and keeping this younger generation of Mad Men.

The interview got me thinking about the definition of Millennials, Gen X and Gen Y.

These are demographic terms that we seem to toss about but may not actually be clear about. So, to be clear(er)…

Gen X are the post-Baby Boomers born between 1965 and 1984. Gen Y and Millennials are essentially the same group and they were born between 1981 and 2000. These are the kids, you know the soccer playing, hip-hop listening, Brooklyn, Austin and Portland-bound, kids of the Boomers.

Untitled1And for a lighter perspective, here is how BuzzFeed views the subject:

“22 Signs You’re Stuck Between Gen X And Millennials — You’re not Gen X, but you’re not Gen Y either. Here’s what it’s like being caught in between two generations.”

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