ad agency

Google History & Your Advertising Agency

Peter · September 2, 2015 · Leave a Comment

Think About The History Of Google & Your Advertising Agency

Google launched in 1997. From Wikipedia:

Google.com registered as a domain on September 15. The name—a play on the word “googol,” a mathematical term for the number represented by the numeral 1 followed by 100 zeros—reflects Larry and Sergey’s mission to organize a seemingly infinite amount of information on the web.

Google has become such a big part of our online and offline life that I’ve forgotten all that they have accomplished over the past 18 years. A reason to dig the Google history video. When Google launched, I was in my second year as an Internet publisher. I had fled advertising because I did not think that it had the juice of what I saw happening in the digital world. Today, the advertising industry is deep into this world. Is your agency juicing it up? Or, are you just riding along?

Watch the Google History video below. Then think about your business.

What is your mission?

What are your business goals?

What type of advertising, digital, branding, PR, whateva agency do you want to be?

What types of clients do you want? Do you deserve them? Yet?

Are you set up to make real money?

Are you delivering something different?

Are you planning to be different?

Do you have the right people onboard?

Should anyone notice you?

Are you using the social tools available to make you famous?

Do you have a cogent business development plan?

Are you famous or invisible?

If you made a video about your advertising agency… what would it say?

OK… Go… Evolve

4 million plus people saw this in the past 24 hours.

Should Your Advertising Agency Do Spec Creative?

Peter · August 31, 2015 · Leave a Comment

Should Your Agency Do Spec? No! Yes. No Way. OK, Have to. Nope, Never. And, On And On.

Damn, that’s an age old and very perplexing question. I answered it in a chapter in my pitch book, The Levitan Pitch. Buy This Book. Win More Pitches. and have an excerpt on this subject below.

I have been thinking (rethinking) about the question of whether or not advertising agencies should do spec creative or not. It was sparked by David Gianastasio’s ADWEEK article, “Can Agencies Win If They Don’t Play the Spec Pitch Game? The pros and cons of creating free work to win work.” David cites the El Segundo agency High Wide & Handsome’s refusal to do spec work. As High Wide & Handsome says…

When Mike Wolfsohn and his two partners left Southern California agency Ignited in 2010 to form High Wide & Handsome, they vowed not to participate in competitive pitches requiring contenders to foot the bill for speculative creative work. Such exercises “demean the profession,” said Wolfsohn, who decries the process as “a reality show to impress some panel of judges. Pitches rarely resemble what a working relationship would be like between agency and client.”

OK, more power to them. And, they might be able to pull it off for four reasons: [Read more…] about Should Your Advertising Agency Do Spec Creative?

Why I Don’t Live In New York

Peter · August 21, 2015 · 3 Comments

Live In New York? Not.

I grew up on the upper west side of Manhattan. Central Park was my backyard. After going to high school across the street from Lincoln Center, I went to college in Boston and San Francisco. I returned to NYC to go into advertising and spent my formative advertising years at Dancer Fitzgerald Sample and Saatchi.

In the early 90’s we shut down the agency at 1 PM. This was rather easy as we were in the pre-24/7-Internet days. We weren’t as ‘on-call’ as we are today when its all-on-all-the-time. When we left the office, we left. And, our clients knew it. And, because it was the olden days before they really squeezed the hell out of our margins, my clients didn’t seem to mind.

Back To NYC.

Thinking about half-day Fridays reminded me of the incredibly stressful mad dash to get out on the Long Island Expressway before 1:30 to try to beat the rush hour traffic to the Hamptons where I had a house. Every summer weekend started with the MEGA stress of getting out of town and ended with the stress of trying to get back in.

So, here’s to my NYC buddies. Me… I’ll take Portland Oregon. And, yes I have a guest room if you ever want to really take it easy.

Which brings me to a point. Finally.

Who Would Invest In Your Advertising Agency?

Peter · August 18, 2015 · 1 Comment

Who Would Invest In Your Advertising Agency?

Sorry. Probably No One.

You are not alone. The vast majority of agencies are not worthy of investment. Would you invest in your competitors? Probably not.

OK, that’s them. What about you? Let’s solve this because a low-value agency to a prospective investor or buyer is a low-value agency to a prospective client. You are not alone if you are a me-too low-value agency. Unfortunately, it comes with the territory of the 2015 ad agency business model. The way out is to be different. Think you can’t do that?

G5 Did.

Way back in 2013, I wrote about Bend, Oregon’s specialist ‘advertising agency’ G5. I wanted to show you, Ms. Agency CEO, that there are advertising agency business models that actually…:

Attract high-margin clients. These are clients that do not need to be mega pitched and really want to love your expertise.

Are more efficient than your project-based approach

Are trully category specific. This is G5’s laser-sharp pitch: “G5 simplifies digital marketing by delivering best-in-class sites, search, and social for Apartments, Self Storage, and Senior Living properties.”

Are unique in a world of me-too agencies.

Leverage the power of digital marketing tech to help client’s grow the agency’s bottom line.

And… increase agency valuations. You do want to sell someday, right?

Way back in 2013 you had to take my word for it. Not anymore. I was right. This kind of agency attracts clients and investment.

G5 Raises $76 Million Investment Led by Peak Equity Partners

21 Ad Agency Business Development Must Do’s

Peter · July 24, 2015 · Leave a Comment

What Every Ad Agency Must Do To Grow

A simple fact: You have to decide to work at business development and then do the work.

Here are 21 ad agency business development actions that will absolutely result in growth.

Have clear attainable (or even audacious) business objectives – and, while you are at it, write a business plan to get there.
Nurture an agency business development culture from the CEO on down (or, is it up?)
Craft a business development plan with clear-cut objectives and strategies.
Have an effective sales pitch based on something your agency owns or can act like it owns.
Have an action-oriented hook that generates client interest and meetings. If not, go back to number 4 and work it out.
Make business development an integral part of your agency’s daily life.
Manage business development the same way you treat a client job. Have a process.
Know who is responsible for what and have a calendar.
Make sure that everyone in the agency knows that new business is everyone’s business and that no new business growth = staff reductions and possibly, I am afraid to say this, no new foosball table.
Have a list of the top clients you want and create a compelling sales pitch. I stress: compelling.
Design a sales-oriented agency website for that client who is only going to give you 8 seconds to make an impression. Your goal is getting them to contact you.
Use the website to deliver some human chemistry vibes. Please use video to bring your agency to life. A brief video.
Have a short list of the top clients you want, create personas and build a compelling sales pitch just for them. I stress: compelling. Put yourself in their shoes. They want to succeed at their jobs too.
Stay in touch on a reasonably regular basis via email (gently) or some other form of direct marketing.
Use social media correctly. That means having an objectives-driven LinkedIn, Twitter, blog, Facebook etc. strategy and the will to keep at it. Kill the program if you can’t keep it up. Dated blog posts are worse than no blog posts. I don’t even want to discuss having an empty aging Twitter account.
Consider concentrating on (and owning) a specific client category or becoming a media or technology or creative specialist. Pick one.
Learn to pitch like Steve Jobs (you already know this.)
Learn to negotiate like Steve Jobs. Most agencies have no clue how to negotiate.
Take this offer and contact me. I’ve been there and done it.
Buy my book.
Get a good night’s sleep.