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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

How To Get Advertising Agency New Business Leads – The Ratti Report

Peter · February 24, 2021 · Leave a Comment

Advertising Agency New Business LeadsEver since running Saatchi & Saatchi Advertising’s new business program + my two internet startup’s sales groups + generating advertising agency new business leads for my own agency + getting people like you to visit this page and then contact me… I have figured out how to generate advertising agency new business leads. So, beyond talking to me, I also recommend that your advertising agency check out my quickie checklist below and Steve Ratti’s The Ratti Report.

How To Drive Advertising Agency New Business Leads

Here is a quick ‘just do it’ list for lead gen.

  • Make sure that your agency is findable by the clients that are looking for a marketing services firm like you. Are you findable… on Google searches? On the right industry lists? On directories like Clutch?
  • Go ahead and use B2B advertising. LOL – I’ve heard that advertising works.
  • Build a new business hot list based on your smart approach to targeting the right clients. Then go out and intelligently, and unignorabily, reach out to the list via savvy account-based marketing. Ya know, direct marketing. And, deliver fabulous & unignorable hard to ignore insights and thinking.
  • Do the smart social media + SEO thing so people find your brilliant text and video and audio smarts.
  • Please make sure that your website is actually designed to drive leads. This does not happen by just having a static boring me-too contact page.
  • Buy smart business lead services and industry databases. Start with The Ratti Report.
  • Hear Borat love me. I now have video testimonials for my biz from Borat, Gandhi, and Trump (2X). And, yes, moving on from Donnie. But, it was funny at the time.
  • Read this list of my blog’s 800+ new business posts.

Listen to my podcast interview with The Ratti Report’s Steve Ratti who serves up new business leads every day…

 

 

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.

Minimalist Business Development Plan

Peter · December 25, 2020 · 1 Comment

How To Build Your Minimalist Business Development Plan

minimalist business developmentWhen I write what I call a minimalist business development plan for an advertising, digital agency client I split the plan’s deliverables into two documents. One is a comprehensive 360-degree look at my client’s business objectives, current market position, brand positioning and attributes, target market pain-points, existing biz dev plan, and a range of tailored inbound and outbound, i.e. account-based marketing approaches.

After we review the master plan document, I create a more simplified two-phase plan that is designed so that it actually gets implemented. I say actually gets implemented because many, too many, marketing communications companies do not run the business development plan they have. I have seen this at mega agencies and two-person shops. My two-phase plan, yes a minimalist business development plan, is designed to focus on a small set of marketing programs, to be highly efficient, and to be built on a clear process.

My minimalist business development mantra is KISS (keep it simple stupid) + focus on a small number of core marketing programs + be efficient + make sure that whatever you say (an agency’s positioning, sales proposition, and marketing messages) is UNIGORABLE.

OK, one more. Agency management must be dedicated to running the business development program. 24/7. Dedication to agency growth must come from the top.

8 Smart Elements Of A Minimalist Business Development Program

[Read more…] about Minimalist Business Development Plan

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