book

You Will Lose 75% Of Your Advertising Agency Pitches

Peter · July 13, 2017 · Leave a Comment

How To Win More Advertising Agency Pitches? Well, Buy My Book

Think I’m kidding. I’ve seen the common sense and insights and techniques inside my book work after people have simply read the book – they’ve won more advertising, PR, digital, experiential agency pitches. Other agencies have benefitted by hiring me as a business development and pitch coach; or, I’d imagine by watching my HubSpot pitch presentation which is nicely situated below for your viewing pleasure.

75% Sucks

Here’s the drill. You, if you are like most agencies, you will lose about 75% of your pitches*. This fact, of course, is painful. Kinda nuf said. But I’ll add some more heat to this fire. Pitches + the cost of daily business development + a business development director salary and bonus can raise the hard and soft costs (labor, freelancers, and overhead) of an individual pitch to over $100,000.

FYI: Most agency leaders tell me that, given their sales skills, all they need to do is to get into a room with a client and they will sell them on hiring the agency. Hmmmm, sorry, the math does not work.

$10.99 To Leverage Your $100,000

So, for $10.99 – much less on Kindle – you can buy a book that will at least remind you of all of the mistakes you should not make that might reduce your odds. At best, the book will help you win the pitch you are giving in three weeks. Am I selling hard here? You bet. I am getting tired of hearing about the mistakes that it seems every agency – large to small make every day. How do I know this? I talk to the kinds of advertising agency search consultants and clients that are interviewed in the book.

From HubSpot – The YouTube Video

Here’s the online seminar I gave to HubSpot peeps. Hope you enjoy it. Oh, and Win More Pitches. Oh #2, don’t forget to go to the top of this page to buy the book. Or, just go here.

How To Own A Brand Positioning

Peter · March 4, 2017 · Leave a Comment

Ah, The Brand Positioning – How Are You Going To Own Yours?

All of the medium to small advertising, PR, design and digital agencies I work with (even network agencies) are by nature, challenger brands. As in, they are not R/GA or Droga 5 or 72andSunny or today’s hottest – pick your current digital-flavor-of-the-month specialist. I’m sure you know what challenger brand means and that is one of your potential brand positionings but… Here is a nice clear definition of challenger brand from Chron.com:

A challenger brand is a company or product brand in an industry that is not the category leader. The term denotes the fact that such companies have to play from a position behind the dominant player or leader in an industry. This makes the process of marketing significant to attracting customers.

The nurturing of challenger brands is one of the marketing agency positionings that I’ve discussed on this blog and with many of my agency clients. No, it is not a brand new proposition. But, it has power since most brands are by nature challenges and, as stated above, marketing is critical to elevating a challenger brand to brand leadership. This makes having a dedication to helping challenger brands a winning proposition.

Eat Bigger Smaller Fish

I have been following the challenger brand consultancy Eat Big Fish for years. They are without question the leading consultancy in this space and their leader Adam Morgan is the numero uno voice of the challenger brand market. I have used Eat Big Fish in my agency business development recommendations as one of the benchmark agencies that I believe represents a best of class B2B marketer. As in, how they market themselves under, inside and around their positioning umbrella.

Eat Big Fish is an excellent example of a marketing company that has a single-minded sales proposition, a well-defined market and a dedication to thought leadership that… makes them, without question, the thought leader, “I must talk to them” leader in their category.

How They Do It

I think that, no, I know that, EBF (I hope they don’t mind the abbreviation, I just don’t like typing ‘fish’ too often) can offer some direction for all agencies.

EBF nailed their approach to a large hungry market. And, they appear to be early in. Or, even better, they market themselves so well, that they look like they were early in.

They nailed their brand name and logo. Ah, the British and branding.

They nailed their messaging.

Adam Morgan established his credentials in 2009 by writing the book, “Eating The Big Fish”.
Their latest book, “A Beautiful Constraint”, speaks directly to today’s time and resource scarcity. Here is how they describe the book: “A Beautiful Constraint is a book about everyday, practical inventiveness, designed for the constrained times in which we live. It describes how to take the kinds of issues that all of us face today — lack of time, money, resources, attention, know-how — and see in them the opportunity for transformation of oneself and one’s organization’s fortunes.” Oh, they have two more books. I like ‘agencies’ that write books. Here’s is a blog post on how to do that.
EBF has a hard to resist sales proposition: “We enable ambitious brands of all shapes and sizes to do more more with less.” Um like, what client would you want that isn’t ambitious and would just love it if you offered them a high ROI?
Their Our Work section delivers on their strategic focus and client benefits. Nice, clear and concise. Like, if you were a big brand, why wouldn’t you give these guys a call? Plus, they sound like they play nice with the other children – they fit in seamlessly between the brand and the brand’s agency.
EBF’s thought-leadership is, well, thoughtful. This series is timely, thought-provoking, insightful, and fun to read. It would be of interest to any client out there: “Challengers To Watch In 2017”. Cool! I love this one — Impossible Foods. Imagine trying to challenge the all-beeeeeef burger.
They give good videos. Check out their Speeches page.
They nail client testimonials. Most agency client testimonials are — boring. These are not.

And… you should subscribe to their newsletter. You’ll see why after you get one. The pitch: “Sign up to The Challenger Project and get our monthly roundup of challenger inspiration every last Friday.”

One thing I dig about their approach is that their focus is on sharing the insights and stories from the broader world of challenger brands. Whether client or not, eatbigfish get out of the way of the story.

Inspiring in an agency world where we just cannot stop talking about ourselves. Ya know what I mean?

My Book’s Video On Ad Agency Pitching

Peter · February 11, 2017 · Leave a Comment

My Book On Ad Agency Pitching – And, The Use Of Video To Sell It

A good and smart advertising friend is in the process of marketing his new book, “Rise Up: How To build A Socially Conscious Business”. Writing books is a good thing. He asked for some ideas on book marketing since I’ve published four books – two non-fiction and two photo books – with another on its way.

Here is one big book marketing idea… Create an informational sales video for your book and get it up on your book’s Amazon page and… your book’s sales landing page. I put my video below to give you an example. However, here are a few more points.

Write a book to help sell your agency. Pick a subject that deals with your target market’s ‘pain points.’ My pain point, targeted at YOU, is how to win more new business pitches.
Your book will make you look like an expert and isn’t that what your future client is looing for?
The book does not have to be looooooong. Just, super smart and helpful. Look at how short many of Seth Godin’s books are
Use smart interviews with industry leaders and influencers to create content and make friends. About one-third of book is loaded with highly useful interviews.
Market the book in your inbound and outbound marketing programs. You know how to do this.
Repurpose and leverage the book’s content on your Facebook, YouTube, Twitter, blog pages.
Guest post on big industry websites to gain broad awareness and message reach.
Get your friends, like me, to help promote your book.
Use the book to get invited to speak at conferences. I am in April in L.A. speaking at Hannapin Marketing’s Hero Conference. It is the world’s largest PPC conference. My session is directed to digital marketing agencies: “Is PPC The Smartest Way To Sell Your Agency’s Services? Um, No.”
OK, one more link. here is my HubSpot presentation on why you should write a book …

My ad agency dedicated book, Buy This Book. Win More Pitches. (see above to purchase) just had its best sales month in January. I think that is because agency folks just like you thought hard over the holidays about how to grow your agency. As a FYI, in addition to books sales, I also get a large number of qualified leads for my consulting business at the start of the year. Looks like you guys have some pent up sales needs. Give ma a shout, I can help you get this whole process right.

OK, My Video

I asked Rebecca Armstrong, Managing director of Portland’s North agency to interview me. Easy!

The Lost Advertising Agency Client

Peter · October 26, 2015 · Leave a Comment

Advertising Agency Clients Get Lost

Interview: Bill Duggan – Association of National Advertisers

At the end of phase one of my advertising career, I became a client of advertising and public relations agencies. As CEO and founder of Advance Internet’s New Jersey Online from 1995 to 1999 I was tasked, along with a very talented crew, to ‘invent’ online newspapers and new advertising programs. To introduce our new service and grow our brand, I wanted to find an advertising agency that could understand the emerging world of Internet-based news and create new online advertising units that captured the attention of this nascent market.

From 2000 to 2002, I was CEO of the natural language company ActiveBuddy. ActiveBuddy allowed users of Instant Message platforms like AOL’s AIM to talk with a computer who became their smart & friendly 24/7 buddy. In that role, I wanted a PR resource that would make our intelligent instant messaging bots like SmarterChild famous, help us build a huge audience (we did), and make us look hot to prospective acquirers during the first dot-com bubble.

With 16 years of agency experience, I knew what I needed from ad and PR agencies to achieve my objectives, and I had a large Rolodex of agency friends to call on.

I didn’t feel lost in my agency search.

Advertisers Are Lost

Most advertisers looking for an agency do not have these contacts or knowledge of the agency world. They simply do not perform enough searches to act as experienced and efficient buyers. Individual agencies are partially to blame for adding to client confusion by not providing a clear point of difference vs. their competitor agencies. There are over ten thousand marketing agencies. Just imagine how difficult it is to pick the right one. That’s why clients get lost. [Read more…] about The Lost Advertising Agency Client

The Business Of Marijuana & Advertising

Peter · March 6, 2015 · Leave a Comment

The Business Of Marijuana & Advertising & Publishing

I’ve written a bit about the burgeoning marijuana industry and the new business opportunities for ad, digital, social and PR agencies (see a link to articles at the bottom of this post.)

In Portland alone, there are over 35 medical marijuana dispensaries and each one has driven incremental business for a wide range of suppliers including landlords, contractors, interior designers, security firms, lawyers, accountants, venture capitalists, safe companies (each dispensary has at least one), package and graphic designers, ad agencies and publishers. I have a good take on this business because I am an investor in two medical marijuana dispensaries.

To give you an example of how crazy this business can be. Here is what I did yesterday (and why.)

I was in Vancouver, Washington meeting an illustrator friend for lunch. I then went to take a look at two fully recreational marijuana shops. This means that you can just walk in, prove that you are over 21 and then a buy marijuana as you would cigarettes or wine. What was massively interesting was that one of the stores (on Main Street, literally) had 22 customers at 2PM on a Thursday. There weren’t 22 customers buying wine at a single wine shop at 2PM.

Later in the day, I was in the back room of a Portland marijuana shop photographing the store’s ‘joint roller’ and getting a couple of artisanal ‘art’ joints (like the one above). Yes, joints.

So, now the why…

In case you are wondering, I am not at all a big stoner.

But, I am starting a small publishing entity that will cover this huge and growing market. I am currently shooting photographs for two small books (“Joints” and “26 Dispensaries”). I will add other small books (imagine portraits of bud tenders) and apparel based on a new brand that will be coming to a browser near you. All of this will eventually be used as Kickstarter rewards for the funding of a large book on the industry.

I will keep you posted on my progress.

Marijuana Links & The Start Of A Discussion About This new Billion Dollar Industry

Here are the articles I’ve written on the subject.