Search Results for: pitch

Neil Patel On Advertising Agency Mistakes

Peter · September 5, 2021 · Leave a Comment

I am a regular listener of Neil Patel and Eric Siu’s The Marketing School podcast. As of today, these digital marketers and prolific audio publishers are up to 1,848 episodes (WOW!) that cover many of the tactics and strategies that have made their agencies successful.

Each daily show is delivered at wake up and is approximately 3 minutes long. Bite-sized advice. A recent episode “Mistakes That Neil and Eric Made While Growing Their Agencies” (#1842) is worth a listen (link below). Hey, maybe your agency should produce bite-sized vs. those hour-long podcasts. Like my loooong, but entertaining 40 podcast series – Advertising Stories.

Below is my take on their Neil and Eric’stake.

The podcast transcript has been edited for clarity and brevity.

Eric Siu On Leadership and Work Habits:

“… when I first took over (the agency), one of the big mistakes that I made was taking a book too literally called “Let My People Go Surfing”. So some of you might’ve heard this story already, but it’s from the Patagonia co-founder, it’s a great book. And it talks about letting your people go surfing. He lets his people go surfing during lunch, right. Basically, it’s saying people don’t want to be micromanaged, and they don’t. And I went a little too extreme with it and I stopped showing up to the office. So I learned that it’s important, especially in the very beginning, especially when you’re trying to save something, to trust, but verify and also be there in person and be there in the trenches showing that, hey, you’re there and you have some type of vision for the company as well.”

My take. I grew up during the always be in the office days. I was usually the first in when I worked at Saatchi & Saatchi New York and London, definitely when I was the CEO of two digital startups and when I owned my own agency. It was critical that I demonstrated interest and energy – and its good news for me that I have always been a morning person. Sure I know all about the idea of work-life balance, especially when I had two offices in outdoor , fresh-air driven Oregon. But, running an advertising agency, or any business, requires real leadership and dedication. I demonstrated this dedication by showing up. Showing up is especially requiered for client focussed businesses.

Now, how to exhibit this style of leadership in a WFH environment is a bit up for grabs these days. We’ll see where this goes. That said, the last thing I’d do as a leader today is to pump out 6:35 AM emails that ask for an immediate response. That is not effective leadership.

“The other thing is I made a lot of kind of rash decisions without consulting people. And I learned that building actual relationships and building rapport with people and not coming from an arrogant perspective that just because I came from tech I thought that I kind of walked on water, which I didn’t, right. I just thought I was super amazing when really – it takes a village to build something amazing. So that’s what I would say. Don’t take things too literally, build relationships with people and make decisions that are… If they’re reversible, act on them quickly, but if they’re not reversible, you’d probably want to deliberate on them a little more.”

My take: There are a couple of points here. First, yes your agency will work better in a team environment. Even if you are the smartest or most experienced person in the room, don’t act like an ass. If you stop and listen to other people you will generally come out ahead. LOL, most of the time.

Second, it is OK to fail. But, try to do it too too fast and own up to mistakes. That said, repeted faliures are not a good thing.

Neil Patel On Client Concentration:

Try Not To Weep When You Read ADWEAK

Peter · August 8, 2021 · 6 Comments

Try Not To Weep When You Read ADWEAK.

6 Years Later: My 2021 take on my 2015 ADWEAK take

I thought that I’d update my 2015 (yes, 2015) blog post about the wonderfully endearing but way too insightful and painful ADWEAK take on the advertising industry. I’m re-upping my extremely positive perspective on ADWEAK because they have begun to up their use of LinkedIn so I see them daily.

And, because they talk about themselves like this – like humans:

What began as a fun parody Twitter account has become a full-blown creative studio. @Adweak has grown organically to over 75k followers with an average of over 3 million impressions a month. But snarky tweets don’t pay the bills. Our real job is working with brands and agencies on a wide variety of creative projects. You name it, we’ve done it. We have a shit-ton of experience with agencies (TBWA\Chiat Day, BBDO, Deutsch, DDB and more) and brands (PlayStation, HBO, Dr. Pepper, Energizer and the list goes on).

We’re good, we’re fast and we’re not A-holes.

ADWEAK – Attitude Is Good

Hey, most advertising agencies have little to no attitude & point of difference. They kinda all use the same lingo and would never say ‘shit‘ or ‘A-hole’ in their descriptor copy. There is little attempt to break out of the crowd. I am talking about having a strong and competitive positioning; established expertise and a smart messaging system that makes them unignorable.

Too bad. But, wait, there’s more. Here are some of the painful but all-too-true ADWEAK posts that blast out to their 81,000 Twitter followers. To put that number in perspective, 20-year-old Digitas North America has 66,000 Twitter followers.

Current favs… cause they are all too spot on.

BREAKING: VMLY&R Considers Adding More Letters To Name

BREAKING: After Several Rounds Of Presentations, New Business Client Informs Agencies They’re Going To Hold Off Making Decision Until Early Next Year

BREAKING: Agency Forced To Revise Schedule To One Day For Creative Development, Three Weeks For Client Approvals

BREAKING: Charmin Toilet Paper Challenges Agency To Make Them A “Lifestyle” Brand (LOL< I actually think that Charmin is a daily lifestyle brand…)

OK, I’ll stop. But first. If you are a client looking for different and unignorable, give these guys a shout: adweakeditor@gmail.com

Back to my 2015 Post

ADWEAK joined Twitter in 2008 as @adweak. In case you are speed reading this is not… Adweek, the advertising news magazine [Read more…] about Try Not To Weep When You Read ADWEAK

A Jaguar Request For Advertising Proposal

Peter · June 29, 2021 · Leave a Comment

I Bet You’d Dig A Sweet Jaguar Request For Advertising Proposal

Imagine getting a request for a proposal from Jaguar. The car manufacturer. You’d feel mighty fine, right? Below is a segment from Mad Men in which Rodger Sterling gives pitching advice to his British partner Layne Price. Give it a look. First, here are a couple of my takeaways.

Look at the office. I started in offices like that. First I was in an AAE Qube (with walls, what a good idea), then I got my AE window office, then an Account Supervisor window office with a couch, and then the big Management Director office where we could also hold meetings at a table. Imagine that. NOTE: It was all way better than today’s (or yesterday’s) people sitting at long tables plus headphones.

Rodger talks about how to do a ‘chemistry’ meeting. Use your time together to get to learn about your prospect. Pay attention. “Smile, sit there, and let him talk.” “Don’t let him near the check” and “Find out everything about him before you get there.” Allow me to parse this out. Be friendly, listen, learn all about him (her) before you get there. In my parlance – there is no blind date in 2021.

A couple of stories. How to get or not to get a request for advertising proposal.

I once ran the $60 million Northwest Airlines account at Saatchi & Saatchi. When we lost that (we were fired by the new CMO at an award dinner while winning a Gold EFFIE). If you think you’ve met a bigger asshole, let me know. A couple of years later I was running global biz dev and had a get-to-know-you dinner in D.C. with the President of US Air and the New York Saatchi Chairman and President. My NYC guys talked about their golf game for two hours. Non-stop. I never had a chance to talk about airline industry issues. After yawing, the client guy left. Never heard from him again.

Early in my career, I got some advice from a smart Minneapolis agency leader. He would travel out of town to meet a business prospect. Invited him to dinner. Before they met, my guy would head to the restaurant, hand over his AMEX card and put down a 20% tip, told the restaurant to just charge the account… not to bring the bill over (made the guest go, “WTF” with a smile). Serve my guy a watered drink (see the video). Also when they walked into the restaurant to call my guy by his name and say “nice to see you again Mr. XXX.” Ok, yup, kinda corny. But for me a learning experience about managing an experience. Especially the part about the bill.

Need more info on how to win an account? Buy me dinner sometime. Or just… Buy my book.

Mad Men’ Rodger Sterling On: Request For Proposal From Jaguar

The Cobbler’s Shoe Excuse

Peter · June 26, 2021 · Leave a Comment

The Shoemaker’s Children Go Barefoot

I hear a lot of excuses from large, medium, and small advertising agencies about why they are not running a long-term, 24-7, active business development program. These agencies often chuckle – a wary chuckle, before mentioning the cobbler’s shoe excuse.

You know what I’m talking about. The excuse is that the agency is so focused on its day-to-day clients that they neglect their own biz dev, or better expressed, their own sales program. These agencies act like the way too busy shoemaker whose children go barefoot. “Yup, I’m like really busy making shoes for my customers. Just don’t have the time to take care of the kids.”

Of course. This is insanity. Many agencies touch failure because one of their large, cash-cow clients leaves, and the agency does not have the active pipeline that will deliver the next big account. Insanity. I have never seen an agency in my long-term experience that did not eventually lose a major account.

A Recipe For Business Development Failure Success

Let’s get really simple. This is what every advertising and digital and PR agency has to do. Period. Give me a shout and I can help you create and run the plan that will make these actions happen fast. As in, make those shoes for your kids.

Caveat: Is this radically new information? No. But, this is the blueprint. If you do not do this, then go barefoot.

Have agency leadership that recognizes that they must play a major role in agency growth. When I ran business development at Saatchi & Saatchi, both Maurice and Charles dove into pitches.
Figure out who is in charge of the day-to-day management of the business development program.
Make sure that your advertising agency can get found by a future client that is looking for your type of agency. Just for kicks, start with a ‘blank sheet’ and try finding your agency. Do you stand out from the 4,000 marketing options that are in front of most clients? Have a get-found plan.
Have an active friends, business associates, family referral plan. WOM does not always happen automatically or when you want it. You need to manage your WOM outreach.
Love the clients you have and grow them. This can not be placed on automatic. Do your people know how to nurture?
Build the agency marketing plan. A manageable plan. And, KISS.
Have a standout positioning. Being an expert in something would be a rather good idea. Translate this into an “elevator pitch.” You could even carve up your positions and use targeted marketing to deliver multiple messages. You can be both a mobile and a pet marketing expert. Try different landing pages.
Know exactly what clients you want and how to entice them to want you. Ask yourself, “why would that client want to get to know me?”
Build your prospect lists. And, personas.
Leverage Account-Based Marketing to go get their attention. This takes time. Make sure you nail a LinkedIn program and then move on.
Create thought leadership that cannot be IGNORED. Please be unignorable.
Build a website that is sales-oriented. And different. Drive contacts. Did I say sales-oriented?
Use video to sell yourself, your story, your reason for being. Just for kicks, try using paper. Yes, paper.
Have a must-follow process that includes plan elements, a marketing calendar, to-do lists, and very clear responsibilities, and a CRM system.

The Smart Zoom Presentation

Peter · March 2, 2021 · Leave a Comment

How To Build A Smart Zoom Presentation

OK, it’s 12 or so months in Covidlandia and we have all been to many a Zoom presentation in the 1:1 and group space. How many of these virtual presentations would you say could be called a ‘smart Zoom presentation’? I’ll optimistically say 60%.

Now, if that 60% figure relates to a Zoom sales presentation for your company’s business development program, then you are kinda screwed. A 60% success rate (or more painfully, a 40% failure rate) for important sales presentations should not ever cut it.

The Virtual Sales Presentation – Presentation

I built this smart Zoom presentation for one of my advertising agency clients that was dwelling in the lower 40% and we knew we needed to rectify their Zoom situation – fast. So, here is my audio and visual The Virtual Sales Presentation. I use 18 minutes to discuss the art and science of how to build a smart Zoom presentation that captures the viewer’s attention; keeps them focussed (not easy); help you to manage your virtual agency branding; learn how an agency won a dating app client in Zoomlandia and also gets into how the brain works in the Zoom presentation environment. As you might suspect, it isn’t just like meeting face-to-face in a conference room.