ad agency

Five New Advertising Agency Marketing Resources

Peter · April 15, 2020 · Leave a Comment

Hi. Thanks for visiting. Here are five new advertising agency marketing resources. I think that they are all well designed for today’s marketing environment. I mean, today’s difficult and crazy marketing environment.

First, About You. And, Time To Pivot.

I’ve been thinking hard about the ‘what and how’ of B2B marketing in the time of the Coronavirus – how is that for a DUH? Why?… because I think that a good portion of the marketing and advertising agency industry is in deep navel-gazing mode. In particular, I’m talking about advertising and marketing communications agencies that are a bit stuck when it comes to their own marketing. Phase 1.0 was freakout and cost reduction. Phase 2.0 seems to be the frozen era (OK, not for all. But, I talk to a lot of agencies and this is what I am hearing). Now, Phase 2.5 offers the question: what are we gonna do to grow?

Clearly, the marketing world is working on thinking through (in descending order): How? to even survive what could be a looong journey; What? might market/client segments should a communication agency’s B2B marketing address/attack (intelligently); and What? form should the agency’s in and outbound marketing even look like? Doing a bit of pivoting is in order. Scenario planning and being proactive is in order.

About Me Being Like You.

Hey, I’m thinking about the same stuff. After all, my client base is primarily comprised of advertising, PR and digital agencies. If this group is frozen, I have to figure out how to market to it. Somedays, I even wonder if y’all will want to market hard again. Me? I dig marketing in a downturn. It makes me sharper.

Sharper? Here are some of the marketing resources that I’m looking at or about to use. I’ll keep you posted on what I eventually employ and how. In the meantime, here you go. I will be adding them to my master Resources list – check it out.

Five New Advertising Agency Marketing Resources. All Designed To Help Your Agency Grow.

Listen Notes. “The most comprehensive podcast database online. Discover the best podcasts. Search podcast show notes and audio transcripts by people, places, or topics.” One way to leverage this search engine is to see if there are any podcasts that might want to interview you re your expertise.

Anchor. “Anchor is an all-in-one platform where you can create, distribute, and monetize your podcast from any device, for free.” Yup, a free, podcasting development tool. Worth a look-see if you want to be like Kara Swisher and Scott Galloway.

Artlist. Great name and URL, right? Royalty-free music for your videos and podcasts.

NinjaOutreach. “Create effective influencer marketing campaigns by filtering through millions of influencers insights to find the one that captures your target audience’s attention.”

Famebit. From YouTube itself… “The Leading Marketplace for Influencers. Powered by data, we built the best in class tools to connect brands with the right creators, enabling branded content that reaches the right audience and inspires action.”

LOL. Want Two More?

I have two more very interesting advertising B2B tools. But, I am saving them just for me. When I use them, I’ll let you know and i’ll add them to the next email about resources. Or, if you are interested, and in the hurry you should be in, give me a shout.

A Coronavirus Ad Agency Business Plan

Peter · April 8, 2020 · Leave a Comment

A Coronavirus Ad Agency Business, Marketing, and Personal Plan

Noah Kagan and my thinking on your coronavirus ad agency business plan.

You know who I am, right? Regardless, here is my Advertising Agency Survival Guide. Please read and make adjustments to how you run your agency. I want you to view the video below so my guide will open up in a new window.

Next, I am going to continue to write about what I think you should be doing. Yes, I admit it, I know what I am talking about. Plus, maybe, more importantly, I know WHO knows what THEY are talking about. Like the video below from Noah Kagan – AppSumo guy.

Do you know Noah Kagan? He is the Chief Sumo at Sumo Group — where he helps entrepreneurs kick more ass. Before that, he was employee #30 at Facebook, #4 at Mint, and worked at Intel.

Key Noah Kagan Coronavirus Ad Agency Business Plan Advice – Important Stuff

This one from me… I think that anyone over 55 should go mostly cash. I mean, what part of this economy is going to spring back in the next 12 to 24 months? OK, maybe DTC, oil, three retailers, three airlines, Uber, online learning… + Companies with mucho cash.

Watch your costs. This is the only thing that you can control. Make the necessary cuts early.

Market your ad agency. More blog posts, more insight-oriented content, PPC ads. How about some research in your expert categories?

Partner. Maybe even buy a cheap but smart small agency that adds to your overall offer. Are you “full service”? if so, get really full service and buy a PPC agency.

Help your clients with their payments before they cut you off.

Now, The Video, Recession Proof Business Strategies

Noah’s Main Points. My Interpretation.

Pay very close attention to your revenues and adjust your net income. Every 7 days.

Look at your agency website traffic and conversion rates, email signups (you have an email program (right?) and whatever you track. Pay attention to your brand.

Market your agency. Keep at it. But, be cool about it. No sales pressure. Insights, show empathy, please.

Have 20 months of capital for business. 12 months personal (at least). Look, I know that having cash is hard for some people. Like, you need to live. But, I am putting my pessimistic hat on. If we are about to go into a depression rather than a recession… be ready. I do not want to be a downer. But, this is the advice I give to my kids too.

And, Please Talk To Me

Remember the.. Advertising Agency Survival Guide.

Gary Vaynerchuk Is Full Of Shit

Peter · April 8, 2020 · 1 Comment

Gary Vaynerchuk Is Full Of Shit. Too Harsh?

Before I get to the meat, as in the why of the “Gary Vaynerchuk Is Full Of Shit” blog post (the original, below) I want to point out that this post has received 6,369 views as of today. Clearly, the keyword Gary Vaynerchuk travels. Understatement. Saying ‘shit’ probably does not hurt either.

Plus, for all of you SEO geeks, Animalz told me to update this post.

Let me start with the word ‘shit’.

Here’s a story from my first days in Oregon after I purchased Citrus, my advertising agency. I am a born and bred New Yorker. “Fuck” is in our daily vocabulary. As someone who has lived around the world, I’ve modified the use of ‘fuck’ because some cultures are not as upfront as us. After I moved to Portland I found myself in an early AM meeting and I hear myself saying ‘fuck’. Being a highly sensitive type, I turn to the woman next to me and ask, “Oh, sorry, is it OK to say Fuck in a Portland meeting?” She says, “It’s OK to say it – but only twice.” I love Portland! That was one of my intros to the culture of Oregon.

OK back to Gary Vaynerchuk is full of shit.

Am I being too harsh? No. A while back I wrote on Linkedin about Gary’s take on traditional advertising. He did two minutes of dumping on the world of advertising which ran on an Ad Age Digital Crash Course segment. To maybe to make it easier for you, here’s the copy from the post from Linkedin…

I just watched the Gary Vaynerchuk episode of the Ad Age Digital Crash Course.

My take: Gary is full of shit. (OK, mostly).

First a moment of background. When I lived in New Jersey I was a happy customer of his huge wine shop and as an early digital media adopter, I was well aware of his significant social media foresight and skills. Gary was early and right. And, in a world of ad agency growth issues, he has managed to build a 500 person agency. Bravo.

Here’s the ‘shit’ part. In the video, Gary pontificates in ‘Gary Speak’ about how sales and marketing are not aligned i.e. agencies don’t care about selling products (only about winning awards); that emotion does not sell (tell that to “Think Different”); that ‘traditional’ advertising is inefficient (like much of digital isn’t); that creatives might want to consider shooting 10 spots for $300K each vs. one for $3 million (what world is he living in?) and that maybe we should think about testing advertising before we run it (hmm… that’s a new one).

I love self-promotion. And I get railing at the old ways of doing business to further one’s cause. But, please, cut the way too obvious crap and don’t be insulting.

Look, I get self-promotion. But, please, do not be so insulting (even if you are a little bit right.)

But, But.

I actually like Gary and his Garyvee persona. I have super respect for his personal branding and VERY high energy. And, I dig that he has been well ahead of the curve re new technologies and marketing platforms like Instagram and now TikTok. Frankly, way too ahead of many advertising agencies.

And… I’ve said nice things about Gary in the past. Old school advertising CEO.

Side note: Gary will also star in one of my new videos.

Now This: My 2020 Advertising Agency Survival Guide

Here is another well-viewed post… The Advertising Agency Survival Guide

The Smart B2B Referral Program

Peter · April 5, 2020 · Leave a Comment

The Advertising Agency B2B Referral Program – Is That Enough For Growth?

Is it just enough to “hope” that your B2B referral program will work? The answer… no.

I just got off the phone with an advertising agency leader in London. I asked, “Where have you been getting business?” he answered, as do most advertising agencies, “from our B2B referral program.”

Ah, the Holy Grail of the B2B client and customer to a friend to agency advertising agency referral. The idea is that if the agency does a good job, a client will tell their friends about the agency. Well, at least for this London agency the good news is that they have an actual, active referral program. Most advertising agencies just hope that their clients will make the nice, sweet B2B referral via fate. I am not a fan of “fate.” You shouldn’t be either.

The B2B Referral – Good News

Don’t get me wrong. I love referrals. The right referral will result in getting the right client with little initial business development effort on the part of the agency. Win-Win. It’s like a great blind-date. Does anyone remember the blind-date? As in, you didn’t meet (as in see and scope out) the referred person until he sat across from you at the Starbucks table? Very 1980’s. OK, back to now.

The B2B Referral – Really Bad News

For the vast majority of advertising, digital and on agencies is that counting on referrals is bad news.

Two simple and compelling problems:

Referrals are not predictable. Never. This isn’t good for any sort of business planning.
Referrals are not scalable. Never. This isn’t good for any sort of business planning.

Counting on referrals is a fool’s game.

I’ve counseled agencies on how to actually plan and manage a referral program — !!! As a part of their overall business development plan. Here are links to a couple of earlier blog posts about the advertising agency referral program.

Three – I will admit it – smart, effective and easy to activate B2B referral strategies from prior business development posts just for you.

Six Business Development Referral Strategies

A key to having a robust referral strategy is to make sure that your current clients are aware that you actually want referrals. Referrals from happy customers are one of best ways that B2B companies generate new business. OK, this isn’t a huge surprise. However, what is surprising how few companies have a dedicated strategy for fostering these valuable personal hand-offs.

What I Learned At Saatchi & Saatchi Advertising

Peter · March 27, 2020 · 3 Comments

What I Learned At Saatchi & Saatchi Advertising – It Is Relevant Today

I got educated at Saatchi & Saatchi Advertising. I applied my learning to a career that spanned GM of the Minneapolis office, to London and Europe, to two Internet startups, my own agency, and now my advertising agency consultancy.

I learned about the power of strategy, kick-ass creative, being ballsy and going for it. This is what an agency principal and her agency must use today.

First A Bit On Dancer Fitzgerald Sample

I started my advertising career at Dancer Fitzgerald Sample as an AAE on the large General Mills account. Dancer was known as DFS. It was New York’s largest advertising agency and lived in the glorious Chrysler Building. Its clients also included P&G, Toyota, HP, Wrangler, RJR, Nabisco and other biggies.

During my tenure, it was named Agency Of The Year and had a new business pitch winning streak that hit baseball Hall of Fame numbers… .900+. The agency was also known for delivering highly effective advertising including Wendy’s “Where’s The Beef?” and the advertising that launched Toyota and sustained its growth.

The agency spent a great deal of time and money nurturing its account executives with a weekly training program that pumped out the best AE’s in the industry. DFS taught me how to write brand-building strategies, run a profitable account and how to deliver exceptional account service. It also taught me how to work within an empowering, yet nurturing a culture where everyone loved their job. This last point was driven home every month when we celebrated employees who had worked at the agency for 10, 20 and even 30 years.

I was about to learn even more. [Read more…] about What I Learned At Saatchi & Saatchi Advertising