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Gary Vaynerchuk: Old School Advertising Agency CEO

Peter · June 5, 2015 · Leave a Comment

Gary Vaynerchuk: Old School Advertising Agency CEO

VaynerMediaWhat does ‘old school’ mean? Well, one of the things is having a personality and being able to express it in such a powerful and interesting and enrgetic way that prospective clients just have to….

…Make The “I want you” Call

This agency video (actually a Digiday interview) makes me want to call up and give VaynerMedia some business. Does your agency video act as a brand-building business development tool? Do you want to be famous? Gary has always wanted to be famous and this obvious goal delivers big time for his agency’s growth. Watch and steal some of the energy.

 

Is Your Advertising Agency New Business Invisible?

Peter · May 15, 2014 · Leave a Comment

Are Your New Business Programs Invisible?

How do your future clients find you… or not? Here are 28 rather basic questions you should be asking yourself — often: [Read more…] about Is Your Advertising Agency New Business Invisible?

35 Ways To Start & Grow An Ad Agency

Peter · February 25, 2014 · Leave a Comment

How To Start & Grow An Ad Agency

images (1)I sat down recently and listed a few recommendations for how to start and grow an ad agency. By the time I finished, I got to 35 pieces of advice. I put 3 below. The other’s are in the mini-Eish-book “26 Ways To Grow Ad Agency Profits Business-building tips from over 30 years running ad agencies.”, which you can get by subscribing to this blog using the form at the bottom of this post. I like getting subscribers because it makes me feel loved and it will provide me a list of folks to alert about my new book on pitching which will be published this spring.

{ You will see that I have narrowed the list to 26 major points from 35. I can’t change the URL (the 35 number) without confusing Google.

These 3 Are From the Marketing Section

Stay very hungry and have a solid business development plan. Business development is a 365/24/7 priority that needs a solid plan, an active approach and constant senior management attention. Too many agencies wait until they lose a large client to reactivate their business development plan. Speaking of plans. Most agencies do not even have a business development plan. Crazy!

Business development plans need to have clear objectives, lists of must have and should have clients and marketing strategies to target and reach out to these potential clients. Reach out, start to make friends and stay in touch. One of my worst new business experiences was that despite my agency’s work for Nike’s national college and Major League Baseball programs and our sports marketing for University of California and Oregon State University, we were not invited to pitch Portland’s MLS team the Timbers because our lead sports    account manager hadn’t kept in touch with her friend who was leading the pitch. By the time we heard that the account was available, we were too late.

Think niche. Even if you are a full-service agency, consider leading your new business program with a high-interest niche service or product. The concept of less is more works for agencies as well as advertising messages. Citrus used interest in “invisible QR codes” (that were developed by our client Digimarc) to get us into companies like Nestle and Kraft. We never would have gotten the first meeting with Fortune 500 prospects if we simply said that we were yet another me-too “full-service” shop. A niche-pitch will get you in the door. Once in, work your new business magic.

B2B makes money. Even if you love that sexy consumer work, think hard about working with more B2B clients. B2B is a less crowded playing field; B2B clients have on-going budgets; positive ROI drives incremental spending and smart B2B clients will make you more digitally savvy. I am continually surprised at how many agencies leave B2B work to so few.

Other sections include Planning, Attention to Detail, Client Management, Your People, Digital Chops, Marketing and A CEO Thought. This last section is about the fact that it can be lonely at the top.

Check it out. Don’t forget to get the rest of this document at the bottom of the post.

Droga, Esquire And An Advertising Industry Take-Down

Peter · December 10, 2013 · Leave a Comment

drogaIts my guess that the profession of “advertising” is slightly more loved by Americans than “Congress.” It is therefore fascinating that David Droga, an advertising industry superstar (according to the people that make these pronouncements), has chosen to use his access to Esquire Magazine’s Best and Brightest series to tell the other people in his industry that they are lazy. L A Z Y. Cool! And, speaking for the advertising industry, thanks so very much.

I’ve read Droga’s “Where Advertising Will Go Next” a couple of times. I’ve been trying to assess the value of his spew. I can’t seem to find much in it beyond enjoying his art of self-promotion. Lets parse some of the key Droga thinking. Here are the article’s section headlines and my perspective.

The Strongest Story Wins

Droga says that today’s advertising “is more about interruption and intrusion than compelling narratives or a good laugh.” He says, advertising agencies don’t add value. If anything, agencies often take it away.” OK, I’m sorry, is there news here? Have I missed over 70 years of interruptive radio and TV advertising? Did viewers ever want leave their programming to go to a commercial break? And, speaking for the industry, thank you for alerting all of us to the idea that delivering a compelling story is a good idea.

Surprise, Advertising Works When Its Relevant.

Droga rails at today’s lack of creativity. He says, “The ingredients for great advertising haven’t changed since the Mad Men era: Brands win if their advertising is relevant and people like it.”

The fact is most advertising has never been great or even very good, or worse, effective. OK. I’ll give the industry a break and say that 50% is good. We also know that 50% of all advertising dollars are wasted. I’ve always agreed with that ratio and am not sure that the times have changed. So, David, where is the news here?

“No industry works harder at being lazy.”

Why is 50% of all advertising wasted? Droga tells us its because,

No industry works harder at being lazy.

Droga says he can tell the difference between the 50% of advertising that works and the 50% that doesn’t — and, guess what, his Droga5 advertising is in the top 50%! Obviously, Droga5 ain’t lazy. Cue the real reason for the article – its in my last sentence.

Back to the the lazy point. Are lots of ads ineffective because Creative Directors are lazy? No. Its because only 50% are really good at creating compelling, relevant advertising.

I’ve been doing advertising at multi-nationals, my own agency and as a client for 30 years. Creating less than optimal advertising has never been about being lazy; It’s always been about talent. In my experience, most of the people I’ve worked with in advertising have been hard working high-energy types. However, as is the case with all creative endeavors, some Creative Directors are talented and some aren’t. But, in my experience, talented or not, they’ve all worked hard. Lazy? No.

David Versus Goliath (Spoiler Alert: David Wins.)

Droga’s David vs. Goliath rant (essentially that big multi-national agencies suck) has been going on since the mergers of early 1980’s. Do we need to hear more about this internal industry battle? Some clients want and think they need big, others don’t. Are there geniuses at large agencies? Yes. Are there lazy losers? Yes. Ditto for many medium sized agencies.

Figure Out Mobile. Now.

Finally, Droga wants us to please figure out mobile marketing…. Sure thing Dave, coming right up.

Can you spell “duh?” Of course we need to figure out mobile, but we’ll at best get mobile 50% right (only got TV 50% right so far), so be cool. Unfortunately for the ad industry, mobile is about communications and applications and TV is about entertainment. Neither of these mediums have ever been primarily about “advertising.” By the way, has Droga5 figured out mobile? Has it?

PR Rocks

My ultimate takeaway from this Esquire piece? It’s a good “ad” for “Droga5. It will get them more attention from prospective clients (despite talking down to Esquire’s audience and buggering all other agencies) and it proves that Droga5’s PR works at getting ink.

But, did Droga present any new, big ideas? Really, any? No. Did he add to the perception that the advertising industry is lame? Yes.

Thanks, buddy.

____

By the way, I’d rather be Sam Kinison than Droga… Go check out a real good laugh.

While you are at it… Don’t miss any of my brilliant (LOL, but I mean it) thoughts on new business.

Sign up for my weekly newsletter.

Finally, A Fcking Ad Agency Blog Worth Reading

Peter · August 29, 2013 · 2 Comments

I’m talking about The Escape Pod’s blog.

The Escape Pod

Ok, its not the only ad agency blog worth reading, but, hey, lets face it, how many of these word-rich-self-loving missives ever enrich anything? Ooops, I’m being harsh.

 

In my line of work I read (well, actually scan) a bunch of ad agency blogs. Note to my clients: I actually do read your blogs, I swear it!

Ok, for all of you other ad agencies. Here are some thoughts on what to do and some reasons I like The Escape Pod’s blog.

  1. Please be fun to read. Fun does not have to mean witty (although Escape Pod is witty) — it just means fun (which can also, for me, mean intellectually stimulating.)
  2. Have a (fresh) point of view.
  3. Have a personality. Its OK if your blog sounds like a human wrote it.
  4. Don’t parrot everyone else. We’all don’t need more words on how to blog; the joy of  responsive design; Twitter for marketers; or the post (this is real) -> “The New Landscape of Content Marketing” from one of Chicago’s leading agencies. Note to self: I might err on this “don’t parrot” thing, since this post is about an agency’s blog.
  5. Enlighten me: Like “Behold the Power of  Video Demonstration” does, even if it isn’t what you’d expect a creative agency to love.
  6. Get the idea of Portland.
  7. Oh, and have a really smart kid.

One more point. Have an agency About page that moves the reader.

Bottom line? The Escape Pod is interesting and makes interesting advertising. Interesting is good. Interesting sells.

_______________________

Email me – look up and left for an email link – and lets discuss how your agency will never do irrelevant (as in not strategic) blog postings.

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