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The Biggest Advertising Agency New Business Secret

Peter · February 28, 2021 · Leave a Comment

The Biggest, Most Important Advertising Agency New Business Secret.

Ogilvy Mather UK

It’s Sales Stupid.

Back in 1992, James Carville, Bill Clinton’s strategist said, “It’s the economy, stupid” to make sure the Clinton campaign remembered what was critically important to the American electorate. So, taking my cue from James, I offer that “It’s sales stupid”  is the biggest, most important advertising agency new business secret.

An advertising, design, PR agency new business program, marketing materials, presentations (even daily conversations with existing clients), and new business pitches are all about sales. Sounds obvious, right? The problem is that ‘sales’ can be a dirty word at some ‘creative’ agencies. If you think that I am overstating this, take a look at a few agency websites, and ask yourself if they are designed to be high-octane sales experiences that drive leads or just well-designed agency brochures. I think that the Contact page is a number one offender. Contact copy like, “Give us a call” is simply not a romantic way to begin a relationship.

An Advertising Agency New Business Secret

A discussion of how to use the science of salesmanship in an agency presentation could fill a book. I’ll be brief and hit what I think are the most effective techniques we can learn from the masters of salesmanship. Allow me a brief detour first.

I left advertising in 1995 to put a group of New Jersey newspapers online for Advance Internet (the digital newspaper arm of the Newhouse Media Group – you know them as the owner of Condé Nast). In addition to inventing New Jersey Online’s digital newspaper editorial persona, we also had to build an early online sales program that included the design of new advertising units and a sales pitch for this new Internet platform. To help me, Advance brought in Jim Hagaman from the Miami Herald. Jim was easily one of the savviest media salespeople I had ever met.

Within a few days, I had gone from thinking that I knew how to sell (i.e. running business development at Saatchi & Saatchi), to jettisoning much that I had learned, to watching a master actually make sales in the nascent Internet marketplace. Much of what you see below came from Jim.

One of his more interesting sales insights came when I said that we needed to go pitch New Jersey Online to New York advertising agencies. He said, whoa boy. In his experience, agencies always mucked up the sale. They wanted to put their own stamp on the sales message, usually got the details wrong, and always slowed down the process. He said that we were going directly to the clients to explain the benefits of digital media. As I eventually witnessed, he was right.

Actually, here is one more super insightful story that will introduce my next point, which I admit might be a “duh” for some of you.

You have to understand your client’s mindset, needs, pain points, rationale, and emotional motivations before you can ever craft an effective sales pitch.

I learned this lesson at my first agency pitch for New Jersey Online. I figured I’d start with my very own ex, the New York office of Saatchi & Saatchi. I knew the agency inside and out and had worked with their Executive Media Director Allen Banks for years. My pitch included a 1996 hockey puck graph of projected Internet usage and a discussion of digital advertising that touted our newfound ability to track how website visitors viewed and interacted with online advertising. Was Allen smiling? No. His reaction?

“Are you f*cking kidding me? We have made a fortune not really knowing how, when and for how long consumers have been looking at our ads. I manage hundreds of millions in advertising media placement. Knowing how much of it doesn’t work will kill our golden goose.”

My point in telling you this story is that I didn’t think through Allen’s motivations before I delivered my early online advertising sales pitch. By the way, he was right. The Internet sure seems like it killed some parts of the golden advertising goose.

More Sales Advice

[Read more…] about The Biggest Advertising Agency New Business Secret

Want Advertising Agency New Business Leads? The Ratti Report Delivers

Peter · February 26, 2021 · 2 Comments

advertising agency new business leadsSteve Ratti  And The Ratti Report – Advertising Agency New Business Leads Served Up Daily…

As Steve Ratti, the Managing Editor of The Ratti Report says:

“Ratti Report is the leading digital newspaper for ad agencies aggressively seeking pitchable new business intel. Celebrating 10 years in publication, we continue to track down great clients for our great agency membership.”

The bottom line for The Ratti Report is that it delivers 1,000 or so actionable advertising agency new business leads per year – a few new ones each day.  These are go-for-it leads for the advertising agency universe. Yes, not all leads will be perfect for your agency. But, hey, some will be if you are good at sales.

Check out my conversation with Mr. Ratti on how he does his magic, how advertising

[buzzsprout episode=’8022024′ player=’true’]
Steve Ratti on LinkedIn.

The Ratti Report.

YO – Hypnotism coming: Remember to subscribe to Advertising Stories. Remember to subscribe to Advertising Stories.

Remember… so you will hear my whole series on virtual pitching.

A nice thing for me… Feedspot has recognized Advertising Stories as being a top 15 advertising podcast.

Episode is Live

Published: Feb. 24, 2021 @10AM Edit

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A List Of The Best Advertising Podcasts

Peter · January 28, 2021 · 2 Comments

Best advertising podcastsThe average podcast listener listens to about 5 to 6 hours of podcasts per week. Since there are zillions of podcasts and episodes, one wonders how to get enough ear and brain time to find the most useful. To help y’all a bit, here’s a manageable, I stress manageable, list of the best advertising podcasts. I have to admit that this is a shifting list and, not every show from every advertising podcast is wonderful.

Help: If you think I should add to the list, please send me your besties = peter@peterlevitan.com 

Also, stay tuned for my thinking on why an advertising agency should NOT podcast.

My list of the best advertising podcasts includes a good starter episode, a single episode that I think will be worth your time.

Advertising Magazine Podcasts

Campaign Podcast 

Host: Omar Oakes (As usual, the British sound smart)

Welcome to the Campaign podcast, our weekly look at the biggest stories and trends in the world of advertising, marketing, media and technology, as well as our latest videos.

Good Start: Campaign’s most listened to podcasts of 2020

Adweek’s Yeah, That’s Probably An Ad

Multiple Hosts. My favorite is Doug Zanger.

Good Start: What’s next? Adweek’s 2021 Outlook for Media, Marketing and Tech  

AdAge Ad Lib Podcast

Multiple Hosts

Good Start: The State Of The CMO

Australia / Asia / India

Not seeing much podcast activity at the advertising pub level in Australia / Asia and India. Am I missing something. Or, do have these guys figured out that ad podcasting is not worth the effort?

Digital Marketing Podcasts

Marketing School   

Hosts: Neil Patel and Eric Sui

Good Start: Just start.

These smart guys do an episode a day. The shows last approximately 4 minutes. They bam into and out of single subjects including SEO, new stuff like Clubhouse, and email marketing. I wake up to them. I’d say that 1/2 of their podcasts teach me something digital.

Social Media Marketing  

Host: Michael Stelzner of Social Media Examiner

Good Start: LinkedIn Ad Retargeting

Michael has been a primary guide in the digital marketing universe for eons. He interviews the best.

The Social Media Marketing podcast—a top marketing podcast—is a weekly 45-minute show hosted by our founder, Michael Seltzer. With millions of downloads each year, this show has been helping marketers for more than eight years.

Smart Marketing Guys

six pixels of separation

Host: Mitch Joel

Good Start: Ann Janzer on how to write your own non-fiction book. 

2nd Good Start: The Relevance of Marketing Agencies With Peter Levitan    [Read more…] about A List Of The Best Advertising Podcasts

Just Write An Advertising Book, Please

Peter · January 21, 2021 · Leave a Comment

That’s Right… Write An Advertising Book.

an advertising bookI want you to write an advertising book. For your personal brand and your agency’s branding. And to help y’all become unignorable. How so?

I have spoken at big conferences (as in how to write a book at Hubspot – plus remember to take off the lanyard thing), been interviewed on lots of podcasts, occasionally make it into an ADWEEK article. Why? Because I wrote this book. Books beget authority. Proof that you actually give a shit, know something, and can actually write.

That said, the biggest benefit…? The book has generated business leads that have resulted in thousands in business $ for my ad agency consultancy.

Between direct business, I also make moolah from Amazon – well, a tiny bit but it paid for the book itself. Here is an email I just got from Amazon.

This royalty payment notification is for Kindle Direct Publishing (KDP) sales recorded in the Kindle Store. Payment will be made to your bank account and should appear in your available balance within 2 to 5 business days after the Payment Date. Details of the payment will be available on the Payment Report.

More Books?

Yup. I also wrote “Boomercide: From Woodstock To Suicide” and two photo books, Potlandia and Jointlandia on the early days of the cannabis industry. That’s one of the photos of a 2013 product above. From the days before big business and package designers got involved.

And, I am updating my thinking about how to build the world’s best sales presentation & pitch by writing about the ‘good, bad, and ugly’ in the world of virtual meetings. Oh, and a book about how to be a great agency account manager.

Frankly, not enough advertising agencies write an advertising book. Even a digital agency deep into data can write a book. This does not have to be hard, or big, or long. Just look at what Austin Kleon did with the writing and design o “Steal Like An Artist.”

Need ideas for a book and how to use it for business development? Give me a shout.

My 2020 In India + Mahatma Gandhi

Peter · January 1, 2021 · Leave a Comment

2020 In India

Namaste. I’ll get personal to start 2021.

Varanasi IndiaExactly 366 days ago I got on a 15-hour flight from Toronto to New Delhi. I was embarking on a 31-day trip that I had planned for at least 6 months after dreaming of India for years. I had initially thought that I was going to be traveling with my daughter and her husband. However, when our family was together at their home in Buenos Aires in October 2020 Mackenzie announced that she was pregnant. There went the family trip. I was now on my own.

I’d have to say that other than the birth of my granddaughter in June, that India was the highlight of 2020. I traveled from Delhi to a wedding in Jaipur to Udaipur’s lakes; Pushkar (where I did not think that sharing the often proffered marijuana milkshake was a good idea); mind-blowing holy Varanasi to the great crazy city of Mumbai and then back to Delhi. Because I had a plan to bring my ‘The People’ ethnographic photography series to India, I never felt like a pure tourist.

The highlights of my trip were the Jaipur wedding with my friends Nikhil Pandit and his wife (Nikhil has a highly recommended touring company); magnificent Udaipur (where on a lake boat I listened to the 4-year old girl behind me gently sing, Row Row Your Boat; Varanasi (I stayed wide-eyed in a hotel on the Ganges + the photo above is from one of the ghats) and cosmopolitan, and way complex Mumbai where my intro dinner with Satish Krishnamurthy of Sideways Consulting was like hanging out with an old friend.

Plus the highlight of highlights was my being invited to speak to college students at Mumbai’s ISDI School Of Communication and Delhi’s Sharda University.

Oh, oh, and eating everything on the streets. Everything. [Read more…] about My 2020 In India + Mahatma Gandhi

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