Peter Levitan & Co.

The New Business of Advertising

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What Ad Agency Clients Want

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The Client Need-Scape = What Ad Agency Clients Want

There is no single type of client. But, most clients want a similar array of attributes and deliverables from their ad agency. From an agency business development perspective, clearly enunciating that you understand the client need-scape, the what ad agency clients want from you, is critical in the early stages of your marketing.

So, What Do Ad Agency Clients Want?

I believe that although clients range from “I want to be cool and plugged into the culture” to “I need measurable incremental eCommerce sales”, they all have at least these three core needs. These are the needs that you must address in your outbound and inbound ad agency business development program.

Here’s my list. Your mileage may vary. But, I bet that you have to hit all or some of these points sooner or later.

The Need For Results – Think ROI

Many ad agencies lead with the ‘we are creative’ story. As an ex-agency owner and client, I fully understand this lead point. This is, without question, a key requirement for virtually any client that is trying to get there marketing noticed and break out of their competitive pack.

However, just saying that your ad agency is creative is simply not going to cut it. After all, being creative is a highly subjective point (like, how do you prove this to a wide range of clients – yes, awards do help) and even worse, being perceived as creative can be fleeting. Yesterday’s creative agency is quickly replaced by today’s. This happens every year. Remember when Crispin Porter + Bogusky was the hot shop?

Having a results-oriented – think ROI – positioning or just a serious and clear agency brand statement about meeting this need is a must have in 2018. Marketing is a tough game.

CMO’s come and go based on their sales success.

Procurement departments want measurable returns for less.

CEO’s want increased shareholder value and to make their performance bonus.

Owners want more cash in their pocket.

Therefore, address these results-oriented needs and pain points. At issue, is understanding your target market’s or brand’s definition of positive results in your marketing will be a bit tricky. Tricky? Yes, because the definition of results will vary by client type.

Some clients just need more qualified leads. Think B2B.

Some need measurable sales. Think eCommerce.

Some just need more targeted digital traffic. Think the travel category.

Some want engagement. Think fashion brands.

Some want to improve their image. Nike anyone?

Regardless of the type of results – clients want to hear you talk about how you know that they know that you will deliver a high return on investment. Need an example of a digital agency that gets it? Visit HawkSEM and see how they immediately message ROI. Of course, they are a type of agency that can put ROI right in your face. But, you get the idea.

Last point. Ad agency leaders worry about inroads by marketing consultancies. They should. Why? Well, one point. These guys fully understand what the ad agency client’s want…  Here is a direct quote from McKinsey’s About Us page.

We help our clients make significant and lasting improvements to their performance and realize their most important goals. With nearly a century of experience, we’ve built a firm uniquely equipped to this task.

You Have To Understand The Client’s Business And Industry

Prospective clients want to know that you understand their market, consumers and competitive landscape. They do not have much time for your education. [Read more…] about What Ad Agency Clients Want

Your Ad Agency Name And Getting Found

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Your Ad Agency Name

I am about to make two points. One is about the value of an ad agency name. The second is how to get future clients to find, notice and love you.

How is your ad agency name doing for ya? Is it memorable? Does it create some brand power? Does it describe what you do? Does it just sound ‘cool’? Does it help grow your agency?

Frankly, I do not think that a name matters that much. Sure, it probably shouldn’t be too complex, or too cute (though many are very cute) and it should be memorable in some way (there are, after all, 4,000 plus “agenceis” to choose from.)

By the way, head over to my two-part post on how to name your agency (or even help a client with their name). This post has been read over 31,000 times. Crazy!

An ‘Ad Agency Name Generator’ = Borrowed Interest To Get Found

I don’t know about you, but I get a few emails a month from people asking me if I take guest posts on this blog. This week I got a request from an ad agency name generator. I said no – but I like the website.

The ad agency name generator. Actually, it is called Business Name Generator. Like most automated web-based generator tools it is kinda fun to play with. That said, it could actually offer you some (LOL) branding ideas.

I played with the tool and came up with a few names just for you should you want to rename your agency or need a fresh one for your new gig. Here are a few for inspiration or just laughs.

I got to these random names by searching on: “ad agency”…

  • Poke
  • Woop
  • Velocity
  • Surge
  • Gorilla
  • Rogue
  • Tiger
  • Kick
  • Quicksilver
  • Ricochet

OK, I’ll stop (and, yes, some of these are already in use). Hey, go play.

Drive Traffic

The Business Name Generator tool is interesting since it is really a website designed to sell domains – not ad business names. The Name Generator is just a smart traffic generating hook. The website also has these other name generators: Blog Name Generator; Podcast Name; Startup Name; Product Name, etc. to target people looking for these other names. Of course, hopefully, once they find the name they’ll go buy the URL.

I love the idea of using a list, or relevant resources or some other form of bait to get people to pay attention to what you are selling.

A ‘Leadership’ Idea

No question: a clear way to own a marketing or brand category is to look and sound like the leader. The right name could do this (maybe not.) Blogs do this, kinda. Well, if you can actually break out of blog-subject-clutter and are willing to commit to single expert subjects. However, this takes a lot of time to get traction.

A suggestion… Build the go-to data-driven category directory – possibly a stand-alone website/microsite. Become positioned as a leader that is the category information resource. This acts as a nice magnet.

Consider doing what tiny Growth Supply does. This simple information website  delivers “All Free Tools For Entrepreneurs and Startups”. This directory get views — as a result, it has a very high USA Alexa ranking at 152,734 vs., for example, the New York agency Barton F. Graf at 348,470. By the way, what is your ad agency rank?

Think about your agency and a resource tool. An ad agancy brand that actually owns a category via an information resource a can rule.

What could it look like? Build a database marketing / brand category / industry directory & resource that lists:

  • The ultimate resource for news on database marketing
  • Industry news websites.
  • Industry events. Global and regional.
  • Industry awards.
  • Related ‘ marketing idea’ websites.
  • Review websites.
  • Industry research – primary and secondary.
  • Category advertising history websites.
  • And, on…

Keep it up to date with new listings. There is something new every week that a brand might find interesting.

Pay an intern to do this ‘fill in the blanks’ work.

Become THE resource… a resource that gets shared.

A brand that actually owns a category like database-marketing can be the ultimate resource.

Just food for thought.

By the way, I have a resource list – and it gets viewed and shared: The Big Advertising Agency Resource List.

 

 

Is Saying Fck (You Know What I Mean) Cool?

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Can you say ‘fck’ in your B2B marketing?

(Before I start, a side note… I originally had the URL: www.peterlevitan.com/issayingfuckcool  I now know that Google does not like the word Fuck – so I took out the “U” from any Google heat seeking search missile.) We’ll see if this post gets indexed now. See at the bottom of this post for an article about Google’s no-mas potty-mouth.)

I have a client, a brilliant agency client in the data-marketing space. A real data scientist. He grows brands leveraging the best of Adobe and the Google Marketing Platform (here is how Google describes the GMP):

Google Marketing Platform brings together DoubleClick Digital Marketing and the Google Analytics 360 Suite to help you plan, buy, measure and optimize digital media and customer experiences in one place. Google Marketing Platform helps you deliver more relevant and effective marketing, while ensuring that you respect your customers’ privacy and give them control over their data.

Data marketing rules. But, he has a problem. He only aims to work with clients that really want to leverage data to grow their business. Apparently, it is difficult to find the clients that actually GET IT. That said, he gets lots of inquiries. However, many are either poor leads for many reasons (many need lots of training) or are not willing to take the multi-month plunge/commitment to work into a very successful data-driven program.

‘Fuck’

Last week we discussed the use of the word ‘fuck’ to arrest attention and to help cull out the serious leads from the explorers. In this case, can you say ‘fuck’ on your home page? Essentially, something like this (just an example)…

We Are Looking For The Best And Brightest Clients That Want To Fucking Kill It Using The World’s Best Data-Marketing.

I pointed to Gary Veynerchuck as an example of a media personality that uses ‘fuck’ a lot to, yup, help cull out the serious leads from the explorers. It is difficult to paraphrase Gary but his mantra is hey, get the fuck on board the digital train.

Find Your Active Words

This is not a long blog post on the use of challenging words. But, I do want to make that point that you might want to consider actually telling the people that visit your home page that you are looking for the right fucking clients. The use of the word might even net you the balls to the wall clients that you want.

If the ‘F’ word scares you… just try having some attitude.

Oh, the Google article:

F***=off, Google tells its staff: Any mention of nookie now banned from internal files, URLs.

 

 

Harley Davidson And Ad Agencies

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Let’s Start With Ad Agencies

It is nice to see that ad agencies are willing to pivot.

I read today that Cal McAllister of Seatle’s now closed Wexley School For Girls is starting a new agency. Having visited Wexley in the now distant goodish old days, I am not surprised that Cal has shifted from running a super creative ad agency to a specialized ‘new and improved’ version. The new Paper Crane Factory is dedicated to growing early stage business and is teaming up with VC’s in Seattle and Silicon Valley. As Cal says in ADWEEK (strangely at Cannes — well, I guess it’s a good old-fashioned place to launch a new age agency)…

“The opportunity to do game-changing work with brands is happening at a much earlier stage,” said McAllister during last week’s Cannes Lions.

McAllister is initially opening offices in Seattle and Silicon Valley, taking a leaner and digitally focused approach with his client base and building more around equity with partners, as opposed to the traditional agency model.

“The billable hour—I think is broken,” noted McAllister. “The fact is, the way agencies make the most money is by putting more people on jobs and having it take longer. This is precisely what clients don’t want now. We are focused on taking clients who are willing to pay part of the fee in equity, so our wins are their wins, and their wins are our wins.”

A New Model Ad Agency

Let me start by saying this type of agency isn’t a brand new idea. However, aiming to work with start-ups for equity plus fees is a decent 2018 idea for a new agency.

A key point for my readers is that the agency is highly specialized. Wexley worked with a range of clients. Paper Crane Factory is dedicated to a much narrower category. It is a hell of a lot easier to be distinctive when you are specialized that a generalist.

Harley Davidson And President Trump And Advertising $

I never get into politics here. However, it is becoming clear to me (and, I hope you) that Donald Trump does not actually understand big business.

The news that America’s great brand Harley Davidson is moving manufacturing and jobs to Europe and, a few months ago Thailand, is a direct result of two #MAGA policies that clearly do not get how large-scale manufacturing works. Or, how a public company should work for its shareholders. As in, grow sales and profitability. (See below.)

Europe’s tit-for-tat motorcycle tariffs are obviously a result of the #MAGA trade tariffs (and an interesting aim at Wisconsin) and the move to Thailand is a direct result of America’s withdrawal from the Trans-Pacific Partnership (TPP.)

Why does this matter? More of this type of movement of USA dollars to foreign countries is, I think going to accelerate. This move will result negatively on large brand USA advertising.

According to S&P, 43% of Fortune 500 sales happen overseas. If, as in Harley Davidson, your USA sales were in decline while sales in Europe and Asia were growing, where would you put your ad dollars?

(Below…)

Harley Davidson would have to raise the price of each motorcycle it ships to the EU by $2,200 if production doesn’t leave the U.S.

That’s a dealbreaker, considering Europe is Harley’s second-biggest market (driving 15% of its revenue).

What’s After Advertising?

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After Advertising

I am often asked by advertising agency people… what do people do after they leave advertising (or at least, a stay-put advertising job)? Well, to be more specific, what have I done after advertising as in, since I sold my Portland agency six years ago?

I live in San Miguel de Allende, Mexico (built a house/60% cost of living/travel all over/work from anywhere)

I work with advertising agencies around the world on helping them build lead generating business development programs

I am on a global quest to photograph the world’s people (starting here with this 210 portrait series)

Some days I just hang out and I constantly try to satisfy my curious mind.

One way I satisfy my curiosity is to stay in long-distance touch (usually by newsletter) with Faris Yakob…. brand strategist (I guess that is one description) who I interviewed for my book on pitching. Here is the interview. By the way, buy the book and win more business so you can get out of your office.

Genius Steals

Faris can show you a way out of the cube, open office or if you’ve been lucky, an office with a couch.

To get going, I suggest that you sign up for Faris and his wife Rosie’s newsletter and visit their website. Why?

They are very smart and you will learn stuff that should make you a better marketer. From the sign-up page… “Put together by husband and wife creative duo Faris and Rosie Yakob, this weekly email is a source of interesting and fun links from around the web on a variety of topics. The content is expertly curated, and if you can’t find something inspiring in each edition, it will at least make you a more interesting dinner date.”  

But, but, there’s more. Faris and Rosie live a nomadic lifestyle. As they say…

“We used to live and work in NYC where we had fancy titles and bars in our offices. It was rad. Mostly. Except there were so. many. meetings.  When Faris sold his share in a digital agency he started, he proposed that we quit our jobs and travel the world for 6 months, to take a break, to explore. We both really loved traveling, and the stars aligned, and so we’ve been traveling ever since.”

Read more about them here at Technomadix. Start to plan on how to… get out of advertising. The time will come.