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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.

 

Advertising Agencies, Nerds And Digital Marketing

Peter · February 11, 2019 · 1 Comment

NerdThis is a post about advertising agencies and the ongoing move to digital marketing and as a result, the need for more nerds. In this case, I mean a single-minded person that is highly focused on a technical field, like mobile advertising; programmatic media, database marketing or, well you get it. Stick with me on this one.

There is some personal history here and yes, the name dropping is important. I am trying to make a point and can use all the help I can get.

History

I “discovered” digital marketing in 1994 when I came home to the U.S.A. from Saatchi London where no one had a computer on their desk. I returned to work as Business Development Director at Saatchi & Saatchi Advertising New York and as it turned out, it was my 16th and last year at the agency.

aol-america-online-welcome-screen-main-menuMy eventual move out of advertising was stimulated by my discovery of and fascination with the new world of interactivity via CD-ROMs and a life-changing conversation I had with Ted Leonsis who, at that time ran Florida’s Redgate Communications. Redgate was very early digital agency founded in 1987. I found Ted through the 4A’s Michael Donahue another early digerati (you could say this word then without cringing). Using my Saatchi credential, I met with Ted and he told me two very interesting things. One, his company had just been bought by America Online and two, this advice,

“Get the hell out of advertising, it is going to die. Move into digital.”

Well, after the meeting I did two things – one a mistake and the other, the smart one: I listened.

The mistake was that I didn’t buy America Online stock (its stock rose 600 percent in 1998). Had I, I might be sorta near (well, kinda near) where Ted wound up. Today, he is the owner of Washington D.C.’s Capitals, Wizards and Mystics. [Read more…] about Advertising Agencies, Nerds And Digital Marketing

Surprise: Inbound Marketing Works

Peter · March 1, 2017 · Leave a Comment

Inbound Marketing Works

Blue IMG_3092Some inbound marketing tips about half way down. But, ya know, I just gotta start with a story.

OK, no big surprise here… I just have to say it. Inbound marketing does work. Why am I bringing up this subject that you probably think about every day? Because I have been starting to see some thinking that the overabundance of marketing content and SEO activity, especially in your B2B space (I am talking about advertising agency business development), is reducing the effectiveness of inbound. Well, it is. In fact, all forms of marketing appear to be less effective for the average marketer. But, here is the deal. A hefty segment of inbound marketers are clearly winning. They are winning because of their strategic approach, well-targeted tactics and, most importantly, how they execute. The winners use both best practices and the objective of being unignorable.

Some background.

My wife and I are building a house down here in San Miguel de Allende, Mexico. It will kinda look like the photo on the left – more windows and a different color. Click on the link to see why we moved down here and how (yes, I know that some of you have thought about leaving the USA too — shhhh, I won’t tell). As new house builders and ones that will need to purchase a bunch of furniture because we totally downsized when we left Portland OR last July, we need some new stuff. This got me thinking that I’d rather have people like you buy my services and send me cash vs. simply raiding my savings. Therefore, I ramped up my inbound marketing about a month ago to slightly increase my leads. Because, yes you know this is coming… Inbound works.

The Inbound Marketing Switch

images sssOver the past four weeks, I’ve gotten inbound leads from advertising agencies in Sweden, Dubai, Adelaide, Botswana, San Jose, San Francisco, Seattle, Atlanta, and Toledo. I’ve even gotten incoming from multi-national networks.

I got these seemingly random, but very hot global leads because I flipped the inbound switch. A switch I found in 1995.

I have been doing social media and inbound marketing since the mid-90’s. Without getting into great detail, my first web business was New Jersey Online, a very early news website. We used social media in the form of viewer forums about New Jersey and New York sports (the Giants, Jets, Knicks, Nets, Islanders, Rangers and Devils, oh and the Yankees and Mets) and all the local kid’s sports teams and entertainment to capture the attention of a huge audience. We added daily content from four news sources (they were called newspapers). We grew an audience that  was even larger than the New York Time’s website (I love saying this.) We won the New Jersey / New York metro battle by using social media, the power of sharing and… inbound marketing.

Back To Today

Here are the the switches I’ve thrown since January. No, no secrets here. It is just about execution and online sales pressure. I offer these as a reminder that targeted inbound marketing activity begets sales lead activity.

  • I’ve been posting more often. Some are long posts repurposed from other thought-leadership platforms I’ve used.
  • I’ve been amplifying and reposting my current and past best read posts beyond my website via my newsletter, linkedIn, Facebook and Twitter.
  • I agreed to speak at my client Hannapin Marketing’s big Los Angeles PPC Hero Conference. They have promoted me.
  • Because of the speaking gig, I was interviewed by Paul Wicker of the super-smart ad tech company ADSTAGE.
  • A very large multi-office agency (one I am going to give a pitching seminar to) decided to tell all of their execs to buy my book on pitching and then get reimbursed. February was one of my best selling months. The book, actually an outbound strategy, gets the word out.
  • HubSpot is about to run another one of my guest posts and they just invited me to present on one of their large international webinars.

—–

So, my message is simple. Inbound activity works. Google likes it and they grant you better search positioning (FYI: it took Google less than an hour to crawl this page). Increased activity stimulates the readers of your emails, Facebook page, LinkedIn Followers and your groups. Stimulation with the right content to the right people delivers sales leads.

—–

And, since I know you like infographics, here is a crisp one from StraightNorth. As they say,”The Internet marketing lead generation ecosystem illustrates how all components fit together to form cohesive campaigns. It is intended to give marketing leaders a blueprint for building a complete Internet marketing strategy that maximizes sales lead generation.”

lead-gen-ecosystem

2016 Winners and Losers

Peter · December 22, 2016 · Leave a Comment

My 2016 Winners and Losers

tomWell, not just mine. Here is a video from L2 and its CEO Scott Galloway on his 2016 predictions. Galloway is one of the more entertaining folks out there and his take on what is working and not in marketing and the digital space is always worth a watch. He is well viewed so if you haven’t yet, you’d better because I suspect your smartest clients watch him. A key takeaway? Your agency needs to understand the world of messaging.

The massive world of messaging has been one of my big winners too. Especially messaging plus chatbots – a perfect new marketing space for agencies and their inherent skills. Here are a bunch of articles on the subject.

A Loser?

Advertising, PR, digital, content, experiential agencies that sit on their business development haunches and hope that their telephone or email chimes with incoming clients. No, just sitting on your ass and playing the ‘word-of-mouth-referal-game’ won’t win new clients. I wrote about the need for relentless sales ENERGY right here: Your Advertising Agency must Kick Ass in 2017.

A Winner — Vaynerchuck

But, but, wait, wait, there’s more. Below is one of this year’s smartest keynote addresses. In this case…  from the effervescent Gary Vaynerchuck of online wine and Vayner Media fame. This talk (rant) is his 2016 Inbound keynote care of HubSpot. I love HubSpot. They publish my stuff. By the way, I tell all of my agency clients to guest post for broad awareness, message reach, and fame. Here are some of mine….  I walk my talk.

This keynote is long. Break it up into thirds and watch it hard. I don’t care who you are. You will get more than one inspiring moment. Gary walks the talk too. Vayner Media just might be the fastest growing agency today. Why? They do not sit on their ass waiting for the phone to ring.

Your Advertising Agency Must Kick Ass In 2017

Peter · December 21, 2016 · Leave a Comment

Dear Advertising Agency: Kick Ass In 2017

harder-to-win-advertising-agencyAs you will see below, times are tough and getting tougher for advertising agency business development. Clients are confused; are (massive understatement coming…) a bit uneducated in all of the new advertising options; worried about their budgets; worried about ROI; worried about data overload; find it hard to work with a range of specialists from PPC to video to mobile to chatbots and on.

Oh, and if you are an advertising, digital, PR, SEO, PPC, experiential and on and on agency… you have like (massive understatement coming…) 4,000 agency competitors ranging from multinationals to single really smart dudes (as The Donald says) who are working from their bed in New Jersey.

Daunting?

Sounds daunting, right?

Sure, sales is daunting. But, the only people that will win new business in 2017 are the people that kill it. Sleeping through your business development program (or lack thereof) is, well, sleepy. From a sales perspective, given how tough business development has become, being sleepy is not gonna work. Your agency will fail.

The only advertising, digital, PR, SEO, PPC, experiential agencies that will grow in 2017 are the ones that realize that EXECUTION rules. Having a business development / sales plan is nice (and most agencies do not have one.) But, having that plan and not kicking ass with it, as in executing, is a losing proposition.

It’s Tough Out There

eMarketer’s advertising agency new business article, “Agencies Face Tougher New Business Environment” was in my inbox last week. The article references RSW/US’s (always smart) industry research. In this case,  RSW/US reports that…

“In an October 2016 survey of ad agency professionals by business development group RSW/US, 43% of respondents said that obtaining new business had gotten either “harder” or “a lot harder” this year.”

Surprised? I’m not. Sales isn’t easy.

harder-to-win-advertising-agency

OK, So It Has Gotten Harder

What is your advertising agency going to do about it? Here are some of my thoughts and advice from working with dozens of agencies on their sales plans.

But first, back to my rant. Everything I am about to say is smart and actionable. However, if you do not actually do it, as in run it, 24/7 you will fail.

The 2017 Advertising Agency New Business Sucess List

This is the must do list. Once you agree to this list, the hard part is doing it. Yes, I am repeating myself. The single biggest issue confronting advertising agency sales is not running the plan. And. I do know all of your excuses for not running your plan with any consistency.

Can the excuses.

  1. Have a business plan that outlines how your agency is going to make money.
  2. Build your agency to deliver on the promises in your business plan.
  3. Do not be one of the 17% of agencies that actually admits that they “Can’t make the investment in a new business program.” WHAT 17%? Are you kidding me? I bet that 17% is probably more like 30%. If 30% of advertising agencies do not invest then you must.
  4. Have a business development plan that is based on what the market needs.
  5. Make sure you treat your business development program with the same care and attention you deliver to a client. Put sales on your daily production list.
  6. Know exactly who you want as a client. Have a set of criteria that makes sense for your agency.
  7. Position your agency for success. What does that mean? It means that you cannot be everything to everyone. Know if you are a skill set specialist; a client category specialist; a regional or global specialist; a demographic specialist. “Specialist”… get it? If you want to “break through to prospects” (see the RSW/US research), give them a single-minded sales proposition.
  8. Build brand messaging that clearly supports and amplifies your positioning.
  9. Tell the market that you are the leader. Be bold.
  10. Please… have a website that is more than a brochure; that does not look like your competitor’s WordPress site; that is designed to sell; that creates some agency to client chemistry and then asks for the clnet to make contact. Make them an offer they cannot refuse.
  11. Have an inbound marketing strategy. An attraction strategy. One that makes sure that you can be found by that client that wants to meet you.
  12. Go outbound to talk directly to the prospective clients that you have on your master list. Use the tools that will get their attention. I mean everything from direct mail 9yes, paper) to facebook ads to email to Instagram. Whatever makes sense for the category you are pursuing.
  13. Be a thought leader. I mean an INSIGHT leader. Have things to say that cannot be ignored.
  14. Busy? Use design, copy, sales, research or whatever outsourcing to help you run the plan.
  15. Be an unignorable agency.
  16. Write RFP’s that follow instructions to a ‘T’ then find a way to kick some ass to stand out.

OK, Last Point

download pitchYou have a business plan. You’ve run a smart sales program. You got that RFP. You nailed it. You’ve been invited to pitch the business. Now, do not look and sound like every other agency.

Pitch smarter than the other agencies. Buy my book. Win more pitches.

 

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