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Advertising Agency Sales Prospecting

Peter · December 3, 2021 · Leave a Comment

The Art & Science of Advertising Agency Sales Prospecting – A Smart ‘KISS’ Approach

advertising agency sales prospectingYou know what advertising agency sales prospecting is. Yup. But… let’s start with a couple of definitions to get us on the same page.

From Shopify: Prospecting is the first step in the sales process, which consists of identifying potential customers, aka prospects. The goal of prospecting is to develop a database of likely customers and then systematically communicate with them in the hopes of converting them from potential customer to current customer.

From Peter Levitan: Sales prospecting is efficiently going after and getting the new clients for your advertising agency that y’all deserve.

A ramble: All advertising agencies, digital marketing expert agencies, PR, well you get the idea, need to grow. If you have been reading me for a long time, I’ve told you that you start to lose that new client the minute they become a client. So, knowing that your clients will eventually leave by the back door means that you better be working hard at bringing them in the front.

NOTE: The following is NOT a definitive prospecting plan. I am just toplining the core elements that you have to do. Sales prospecting is both science and art. I help agencies every day get this particular act together.

Sales Prospecting

I am going to assume that you have a referral strategy so you have taken care of that critical business development tactic. But, you cannot rely on referrals and WOM alone for growth. Can’t, shouldn’t. Way too many agencies do this. need a referral plan? Here you go.

Your Brand Positioning Comes First

To be a great prospector, you need to offer the market, your specific market, a compelling brand proposition that will get their attention  —  one that resonates. You can do all of the prospecting you want but if you do not sound like you will meet a potential client’s needs then ‘fuhgettaboutit‘… you will be wasting your time and money. Need to rethink your positioning? Go here – How To Position An Advertising Agency. [Read more…] about Advertising Agency Sales Prospecting

Smart 2014 Advertising Quote From Mad Men

Peter · November 19, 2021 · Leave a Comment

A Very Smart Advertising Quote From Mad Men

I originally wrote this blog post in 2013 – a year that I published 189 blog posts (a year that my consultancy started to boom). This “Smart 2014 Advertising Quote From Mad Men” post had a brilliant message from Don Draper to all advertising agencies:

The day you sign a client is the day you start losing them.

This total factoid about losing clients is why advertising agency new business has to be 24 / 7 / 365. Only the relentless win. Sleep and you will close your doors. I couldn’t come up with a better ad for my business development consultancy. A few dozen + clients after 2013 and I will hammer this point – Only the way actively unignorable win at business development and agency growth.

I highly recommend that you peruse my over 800 blog posts on how to grow your advertising agency. And how to run your business development program 24/7. Here is my list just for you. It is Don Draper approved.

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Neil Patel On Advertising Agency Mistakes

Peter · September 5, 2021 · Leave a Comment

Neil PatelI 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:

[Read more…] about Neil Patel On Advertising Agency Mistakes

Try Not To Weep When You Read ADWEAK

Peter · August 8, 2021 · Leave a Comment

Try Not To Weep When You Read ADWEAK.

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

ADWEAKI 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

r/Advertising Advertising School

Peter · June 21, 2021 · Leave a Comment

advertising schoolAn Advertising School For You. Yes, You.

A few months ago I bumped into the r/Advertisingschool on Reddit. I’m like = this is a cool, smart, and free online advertising school. All of this, especially smart, being a good thing for the vast majority of advertising agencies who do not do any employee training – a thing from the higher-margin past.

Not to get too far into the old days. but, when I started in the business at my mega New York agency, I, along with my cohort group, had weekly training sessions. We covered how to communicate with clients, how to be strategic geniuses, how to write creative and media briefs, and how to present.

Those were the old days. Days before agencies curtailed training. Now with r/advertisingschool y’all got… Imagine… A free, smart set of courses that even an “I know it all” veteran can learn from. For example, watch the Digital / Social course on YouTube – its below.

Just Do It

I urge you: agency owners; employees from all groups and your “I wanna work in advertising” types to peruse and watch the sessions. Try one on for size. Here is the school’s description:

r/Advertising School is a free portfolio school hosted in Reddit’s r/Advertising community.

The 12-week program features courses from industry professionals alongside real assignments to promote diversity in the ad industry.

Yes, a course. BUT, BUT… you can watch the advertising school course videos at your own speed when you want.

Hey, just go here and check the videos out.

The courses include:

  • Digital/social
  • Strategy Account
  • PR
  • Media Planning
  • Design
  • Brand building
  • Portfolio

Watch the Digital/Social video as an appetizer… it gets cooking at about the 4:30 minute mark. I have been using and social media thangs since 1995, yes, true. I learned from this one.

 

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