Peter Levitan & Co.

The New Business of Advertising

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Why Advertising Agencies Don’t Win New Business

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OK, Why Don’t Advertising Agencies Win New Business?

images noAdvertising agencies don’t win new business on a consistent basis for many reasons. No huge news here. But, there are a few core reasons that are so obvious that I just don’t understand why so many agencies make these mistakes. For the sake of Christmas Eve brevity, I will list three of the most important.

The No Clear Value Agency.

The agency doesn’t have anything special to offer clients. For example, they are not more creative, more strategic, more digitally aware, more media savvy or have not chosen to be a specialist in any category. They haven’t applied the same strategic thinking to their agency positioning that they do (or claim to do) for their clients.

Considering that there are over 4,000 ‘Advertising Agencies’ in the USA and dozens in any large metropolitan area, how can an agency think that they will grow without a distinctive brand position or sales proposition?

The No Plan Agency.

According to the RSW/US’s 2014 Agency Marketer New Business Report , 66% Of Ad Agencies Have No Business Development or Sales Methodology. What? 66%! Having run ‘sales’ (sorry, it is sales) at Saatchi, my own agency and two Internet companies, I know that a company that has something to sell in the B2B marketplace cannot succeed without a biz dev plan and implementation methodology. Cannot, full-stop. No methodology means no plan and no plan means no growth no growth means lower income.

The No Action Agency.

Once an agency has  a compelling brand position and a sales plan, they need to run with it – 24/7. After No Value Proposition and No Plan, I think that the number one reason that advertising agencies don’t win new business is because they do not run their plan on a consistent basis. These agencies have an essentially start-stop approach that reflects a lack of CEO attention, simple planning and scheduling (calendars rule here), a sense of who is actually in charge of what (treat your new business planning like you treat client jobs), and the use of inbound and social media marketing that will deliver the right clients to your website or email box on a regular basis.

15 Minutes To Get To Yes…

If you would like to get past: No Value, No Plan, No Action, give me a shout. My very own new business program has yielded me a range of happy advertising agency clients on four continents. I know from experience that a 15 to 30 minute phone call will get you thinking about how I can help you grow your agency in 2015.

That is what I call my Corleone offer. Don’t refuse it.

Ogilvy & Mather UK : Gets It!

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Ogilvy & Mather UK : Gets It!

Too many advertising agencies are afraid to say “sales”.

Here’s my take on getting it ‘getting it on’ on LinkedIn.

Visit Ogilvy’s quick take… But, don’t blink!

 

Ogilvy Mather UK

 

 

 

 

 

Thinking about that very special someone? You know, your agency’s CEO? What to give them for Xmas??? How to make them smile for just a few quid? Here you go:

The Levitan Pitch. Buy This Book. Win More pitches.

The Video: How To Write An Advertising Agency Book

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book for pop upMy HubSpot Inbound Conference Video: “The Advertising Agency Book – From Idea To Publication in 6 Months”

Here is a video of the talk I gave at HubSpot’s Inbound 2014 conference. Watch my presentation to find out how to write an advertising agency book by mid 2015. Yes, you can do it.

The video will show you how to get a good head start on adding this special arrow to your new business quiver. I discuss the multiple benefits of writing a book; that it can be done relatively quickly (I wrote my 65,000 word The Levitan Pitch, Buy This Book. Win More Pitches. in less than 6 months); how the book will drive your thought-leadership program and how your agency is particularly well set up and well endowed to get a great business-building book out the door.

Writing is a good thing

As I’ve written before: I got the speaking gig at Inbound 2014 because I write for HubSpot’s Agency Post. Using thought leadership to gain broad awareness of your agency is, well, its a very good thing. Here’s my earlier post on the value of guest posting: “Why I Guest post On Agency Post.”

Here is my dedicated post on writing an advertising agency book and how it can be used for new business outreach. The post includes the PowerPoint presentation I used in the following video.

To help you find the gems in the 30 minute talk, I’ve put some highlights below.

Video Timelines

This are approximate…

  • Intro: :00 to 1:30
  • 6 Months, Really?: 1:30 to 3:00
  • The how to: 3:00 to 7:00
  • Mistakes:  7:00 to 10:50
  • Objectives and Strategies: 10:50 to 25:00
  • Recap: 25:00 to 30:00

OK, Buy The Book – I wrote my book for you. I want you to win more pitches.

If you read the book you will  pitch better than your competition.

Here’s more:

  • You will mange your agency’s pitch process much better.
  • You won’t burn out your employees.
  • You will plan better.
  • You will reduce your pitch budget.
  • You will strategize better.
  • You will arrive better prepared.
  • You will present better.
  • You will win more pitches.
  • You will retire earlier.

Buy multiple copies of the book as Christmas / Hanukah gifts right here: Amazon

Buy the “How Not To Win A Pitch” poster here: Society6

 

Why Clients Fire Advertising Agencies

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Why Do Clients Fire Advertising Agencies?

firedTake a read of the SoDA Report below which includes an expert opinion on the subject of why clients fire their agencies and other subjects that will help you keep your clients happy and make you smarter than the agency next door.

Oh, why do advertising and digital agencies get hired and fired? A key reason for getting fired (other than the new Marketing Director’s need to look active; and an agency’s failure to keep up with the rapid pace of change) is very often the very same reason clients hire agencies in the first place…

It has a lot to do with interpersonal chemistry according to Darren Woolley of Australia’s TrinityP3, a leading global advertising agency search consultant and client advisor. I love this point: “It’s all about the relationship.”

Darren is also one of the most valuable contributors to my book on pitching… You can read one of my two interviews with him on the client mind-set and how to win more pitches in an earlier post right here. [Read more…] about Why Clients Fire Advertising Agencies

Why I Guest Post On Agency Post

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Guest Post On Agency Post For Fun and Profit

34-POST-122-11087-P700A post on today’s Agency Post blog got me thinking about the value of guest posting for ad agency new business. In fact, I’ve written on this subject before.

Here: 2 New Levitan Guest Posts on Agency Post and Advertising Week

And, here: Thanks To HubSpot, Ad Contrarian & Advertising Week

Once again, my relationship with Agency Post nets me awareness via my posts to their large and growing audience. Here is a post from Agency Post that includes a quote and shoutout from them about me. This one is about why I think that advertising agencies should write books. Here’s the paragraph:

“Advertising agencies should seriously consider writing books for four reasons: the credibility factor, to stand out because their competition isn’t, the physical nature of books (yes, physical objects are a good thing), and agencies have all of the elements to make it happen –something to say, writers, art directors, and the digital marketing chops to drive awareness,” said Peter Levitan, the author of The Levitan Pitch who spoke at the 2014 INBOUND conference on how agencies can write a book in six months.  

Check out the whole post. –> The Path to New Business? 20 Agencies That Have Published a Book

The post provides a sweet list of ad agency books.

81nOJWKHyFLNote that one of the best agency books is inadvertently missing from the list. I heartedly recommend that you read Mitch Joel’s  Ctrl Alt Delete: Reboot Your Business. Reboot Your Life. Your Future Depends on It. Mitch is President of Canada’s ad agency Twist Image and one the all time leaders in leveraging social media for the agency’s awareness and thought leadership via his blog, podcast and books. This is one prolific dude.

OK, one more guest post: Here is my take on writing advertising agency books via an interview with Beau Fraser, president of the agency The Gate Worldwide. Should Your Advertising Agency Write A Book? (FYI: Beau’s book is mentioned in today’s Agency Post article.)

The New Business Bottom Line:

Agencies that put themselves out in the social universe drive agency awareness and targeted inbound traffic to their messaging.

My advice that I give to all of my agency clients is to write strategic blogs (blogs written for their target markets and not other agencies) / post on other blogs for awareness  / post on Twitter / publish on LinkedIn / play with Facebook / consider Pinterest and Instagram (if you are up for that) / write books (or zines if you want to get out fast) / put your thoughts up on SlideShare / speak at conferences and use the world of social media tools to learn about your potential clients and what your agency competition is doing in the social space.

All it takes is a smart business development and social media plan and a bias for action. Oh, and my help to get this done in early 2015. How? Take me up on my Vito Corleone offer.