• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Peter Levitan & Co.

Peter Levitan & Co.

The New Business of Advertising

  • Contact
  • Blog
  • Podcast
  • My Story
  • Resources
  • Show Search
Hide Search

ad agency

What Does Your Advertising Agency Charge?

Peter · April 12, 2016 · Leave a Comment

What Does Your Advertising Agency Charge?

There, I’ve said it twice. Why? Because if you are an agency owner or partner or business development director or creative director and you have no clue how to charge for your advertising agency’s services, you are way screwed my friend.

As an agency owner and CEO, I participated in all large pricing surveys. Why wouldn’t I? Throwing darts at the wall of agency fees is not a good plan. It won’t help you win new accounts and will undoubtedly not help you become more profitable. Most of the RFP’s you deal with demand that you get your pricing right. Also, I’ve occasionally used these numbers with existing clients to show them that my agency’s fees were in line with the world of competitive agencies.

This industry-wide survey will immediately become a “best of” because it comes from our friends at HubSpot and the results will represent a huge number of agency respondents. Here is the link to the Agency Pricing & Financials Survey and here is what HubSpot is saying…

How do you determine the price for your services and track the profitability of your agency?

Some might call it an art, but that might be because many agency leaders are forced to get creative with their approach. They have very little industry data and best practices to tell them how to price their services, what metrics to track, and how to improve their business practices. 

In addition, profitability in agencies has become a more difficult thing to achieve. Margins are shrinking, and clients can ask for more for less because of the number of competitors. 

Do It. It Takes Ten Minutes.

Taking this survey will help all of you agency leaders better understand what pricing models to use.

The survey takes ten minutes. You’ve got ten minutes to get into your competitor’s heads, right?

 

 

Resources: Legal Advice For Advertising Agencies

Peter · March 14, 2016 · Leave a Comment

Easy Advertising Online Legal Resources

download masonLawyers cost money. Yes, this is way true. And, advertising agencies need lawyers. But, before you make that $300+ call, here are some websites to head to before you start down the per hour rat hole.

Agency Legal Protection. Sharon Toerek answers important legal questions like this: “What should we do to protect the agency during a new business pitch?”

Cornell University’s Library. Dig databases? You’ve arrived at a long list of legal databases by subject..

Legalzoom. From wills (get one!!!) through incorporation (for your new agency). Legalzoom is the leader in online legal docs. They are an ex-client of my agency and I have been using then for years. Know what, way back when, they were a great client and they loved to eat well in L.A.

Docracy. Open source legal documents.

Docusign. Legal online signatures. No more inky hands.

Find Law UK. Employee rights for UK workers.

4A’s On Compensation Agreements. Read this before you marry that new client. Consider this prenup advice.

Right Law. Employee rights explained. Yes, you have rights.

Shake. Quickly create, sign and send legally binding agreements.

More & More Online Resources

Just one more element of my Big Advertising Agency Resource List. Let me know if I am missing anything.

More and more is coming. Stay tuned.

Resources: Online Education For Advertising Agencies

Peter · March 8, 2016 · Leave a Comment

Online Education For Advertising Agencies…

mosOnline education, it sounds a bit daunting or even boring. But, here are some websites that will advance your knowledge and possibly intelligence. And, isn’t that what we all need? Collectively speaking that is.

Oh, and don’t forget your career.

  • Codecademy. It is time for you to learn to code. At least, start to sound like you care to your CTO.
  • Coursera. Lots of career advancement courses. Like attending a Wharton course on marketing.
  • Freakonomics. Listen, learn and out-smart your clients.
  • Google Online Marketing. Learn from the leader.
  • The How. Learn from entrepreneurs.
  • HubSpot Inbound Training. Get on the inbound marketing bandwagon or, frankly… be left behind.
  • Khan Academy. Free courses from programming to economics to finance to what you should have learned in the 8th grade.
  • Launch This Year. Get ready to launch your online business — this year.
  • The Lean LaunchPad. How to Build a Startup
  • Lyndia. Yikes! Go forth and learn… 4,354 courses · 169,690 video tutorials
  • Marketing @ TedTalks: Prefer video? here are the top TedTalks on marketing.
  • Mixergy. Entrepreneurs training  entrepreneurs. Or, how to start your own advertising agency.
  • Skillshare. Courses designed for the creative in you.
  • Startup Notes. Need inspiration? Hear startup founders tell their personal stories.
  • Smart Passive Income. Let Pat help you leave advertising, and go live on a beach while watching your PayPal account grow.
  • Startup Talks. More startup videos videos.
  • Udemy. You name it, they teach it.

More & More Online Resources

Just one more element of my Big Advertising Agency Resource List. Let me know if I am missing anything.

Does Your Ad Agency Use Storytelling In Its Sales Pitch?

Peter · February 12, 2016 · 1 Comment

Agencies Do Storytelling

Why-Storytelling-and-Why-NowAdvertising agencies love the idea of being storytellers. Storytelling skills have become one of the ways that agencies offer agency brand differentiation. To be clear, here’s a definition:

Storytelling is the conveying of events in words, sound and/or images, often by improvisation or embellishment. Stories or narratives have been shared in every culture as a means of entertainment, education, cultural preservation, and instilling moral values.

I see three ways that agencies do storytelling:

The Agency itself has a story.

Frankly, this is an amazingly underused opportunity. Why don’t agencies use their own personal or business stories more often on their websites, in their new business programs and pitches? Need an example (yes, an obvious one): Ogilvy’s use of David. The

ogilvy2The Ogilvy website has David’s bio and the following ‘story’ about David that he wrote to his partners 3 years after he started the agency Hewitt, Ogilvy, Benson & Mather. He is writing about himself.

Will Any Agency Hire This Man?

He is 38, and unemployed. He dropped out of college.
He has been a cook, a salesman, a diplomatist and a farmer.
He knows nothing about marketing and had never written any copy.
He professes to be interested in advertising as a career (at the age of 38!) and is ready to go to work for $5,000 a year.

I doubt if any American agency will hire him.

However, a London agency did hire him. Three years later he became the most famous copywriter in the world, and in due course built the tenth biggest agency in the world.

The moral: it sometimes pays an agency to be imaginative and unorthodox in hiring.

My moral… This story reinforces the perception that Ogilvy is ‘imaginative and unorthodox.’ The agency delivers this compelling message neatly wrapped up in a founder story — not just saying it.

The agency sells its ‘storytelling’ prowess.

HubSpot published an interview “Have agencies Abused The Term Storytelling?” I did with Michael Donahue, ex-EVP of The American Association of Advertising Agencies about the art of brand storytelling . Is storytelling overused? My take? No, telling stories to help consumers build a better understanding of and a closer bond with brands works. However, how the agency describes this particular art must be distinctive. It’s the

[Read more…] about Does Your Ad Agency Use Storytelling In Its Sales Pitch?

Amazon, Apple, Facebook, Google & The Death Of Advertising

Peter · February 9, 2016 · 1 Comment

Does Advertising Still Work In The World Of Amazon, Apple, Facebook, Google?

069c72cAccording to Scott Galloway, professor of Marketing and Brand Strategy at the NYU Stern School of Business, “The Gang of Four” (Google, Facebook, Apple, and Amazon) and the new world of  digital (I actually don’t know what to call user owned media anymore) are killing your advertising agency. Or, at least dramatically decreasing its effectiveness. Watch the video.

By the way, read to the bottom and see how Galloway helped me to grow my agency.

“Advertising is a tax that only poor people pay.”

Yup, he said this. You have some bucks. Do you watch ads unless you put on your agency “I better pay attention” hat? Do you use an ad blocker? Do you record TV shows and skip the ads? Would you rather pay a ‘Netflix tax’ to watch almost anything and avoid the ads? Yes or no, watch this video. Especially at the 3:00 mark where Galloway shows how advertising does not work (or as hard) as it used to, especially for CPG brands. And, of course, note the tepid valuation growth of WPP, Omnicom and Interpublic.

 

Back To Me.

Two things.

One: Pay attention to what’s happening in the macro business universe. Clients are and you need to tailor your sales message to overcome, or better yet, leverage what is happening to advertising today.

Two: OK, how did Galloway help me grow my agency? I stole a very Big idea from his L2. Go here and see what I mean at “An Irresistible New Business Sales Pitch.”. I’ve stolen other great ideas to my advantage. Give me a shout and I’ll show you what I mean.

 

  • « Go to Previous Page
  • Go to page 1
  • Interim pages omitted …
  • Go to page 35
  • Go to page 36
  • Go to page 37
  • Go to page 38
  • Go to page 39
  • Interim pages omitted …
  • Go to page 76
  • Go to Next Page »

Primary Sidebar

  • Featured
  • Resources
  • Podcast
  • The Big Advertising Agency Resource List
  • ChatGPT Loves Me. Does ChatGPT Love You?
  • How To Start, Grow and Sell An Advertising Agency
  • Which Social Media Strategy Is Best For Advertising Agency New Business?
  • How to Build A Winning Advertising Agency Business Development Program
  • A Faster Path To Become A Leading Advertising Agency
  • How To Move To Mexico
  • The Big Advertising Agency Resource List
  • What Is Your Elevator Pitch
  • Advertising Agency Process and Profitability
  • Check our ChatGpt FAQ Generator
  • Random Marketing And Advertising Resources
  • Bob Hoffman | The Ad Contrarian On Advertising Agency Presentations And Pitching
  • How To Be A Brilliant Podcast Guest
  • Want Advertising Agency New Business Leads? The Ratti Report Delivers
  • How To Manage A Brain On A Zoom Sales Meeting
  • YES! You Can Run A Powerful Zoom Meeting
  • How To Win A Mobile Dating App Client – On Zoom

Post Archive

Subscribe

Subscribe to the Advertising Stories Podcast

Apple PodcastsGoogle PodcastsSpotify

Contact

Email Peter
Connect on LinkedIn

Peter Levitan & Co.

Copyright © 2025 • All Rights Reserved • Peter Levitan & Co. • Log in