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A Scientific Approach To How To Name Your Advertising Agency

Peter · July 17, 2020 · Leave a Comment

What Is Your Name?

Since I work with advertising agencies, I’ll lead this discussion with how to name an advertising agency. However, this how-to works across all industries.

A company or brand name can make or break you at your launch or over time. This podcast explains how to name a brand or entity. The key is that company and brand naming is both science and art. And, yes, there is a scientific approach to how to name an advertising agency, or digital or PR shop.

The right brand name adds value and drives sales. Here is a blueprint based on naming conventions to get there. By the way, my blog post: “How To Name Your Advertising Agency” has been viewed more than 50,000 times. There is a link below.

With respect to some of the science… Consider whether your advertising or brand name is a:

  • Neologism
  • Current usage word
  • Hybrid
  • Acronym
  • Founder Name

Your advertising name can make or break your first impression and your perception for years to come. Note that some names just die.

[buzzsprout episode=’4600004′ player=’true’]

 

SHOW LINKS

How To Name Your Advertising Agency Article.

Leading Independent Agencies.

TheNetworkOne

Two new shows every week… Do not forget to subscribe to Advertising Stories whenever you Listen To Podcasts. Use the handy podcast links on this page.

A nice thing… Feedspot has already recognized Advertising Stories as being a top 15 advertising podcast.

Japanese Advertising, Marketing And Sushi

Peter · July 6, 2020 · Leave a Comment

Robert Peterson / Bob-san Grew Toyota, Saatchi & Saatchi, and Now A Skin Care Brand Plus (!) His Peeps Just Won A Big CES Award. Not your average expat life in Tokyo, Japan. And, the perfect guy to give us the lowdown on Japanese advertising, marketing, and sushi.

I think that that about says it all until you listen to this episode. If you did listen, arigatōgozaimashita.

[buzzsprout episode=’4445261′ player=’true’]

SHOW LINKS – リンクを表示


Bob-san on LinkedIn

Bob’s Book – Make It Happen on Amazon.

Toute Nuit – Please look your best. Oh, and wrinkle-free.

Do not forget to subscribe to Advertising Stories whenever you Listen To Podcasts. See my handy links to podcast players.

A nice thing for me… Feedspot has already recognized Advertising Stories as being a top 15 advertising podcast.

Is Your Advertising Agency Business Development Director Doomed?

Peter · June 29, 2020 · Leave a Comment

Yes, Your Advertising Agency Business Development Director Might Be Doomed. A 2020 Update.

The interview below was done in 2014. It remains 100% right on.

Some updated thinking. I am asked on a high-frequency basis by agency management, that means CEO types, if their advertising agency should have a business development director. Because of this question, I thought I’d update this evergreen interview with Brooks Gilley who knows what’s up.

My current thinking based on talking with many agencies is that, at best, only 50% of advertising agency business development directors succeed. I am about to do some haranguing. Why?

  1. As is pointed out below, most advertising agencies have a low to a non-competitive brand position. The degree of positioning sameness –  “we are a digital agency” or “we are creative thinkers” – and messaging sameness – as in no soul or a distinctive opinion or having the goal of being unignorable – is crazy. How could even a competent business director sell the 50% of agencies that cannot define a strong sales proposition? Or not have a well-considered target market?
  2. A huge chunk of agencies (it has been reported that up to 75% of agencies) do not have a master business development plan, think of it as a sales plan. How is this possible? And, worse, who is supposed to write the plan? I do not think that a business development director alone can write this plan. It should be an agency self-preservation and growth project.
  3. Many advertising agency leaders have little experience in writing a sales manager compensation plan. Here is a compensation plan you can use.
  4. Too many agency leaders hand off the role of business development to the director. I owned my own agency and I devoted at least half of my time to business development. And, I provided daily support and thinking and budget.

Give me a shout if you want to discuss your agency and its specifics.

Back To The Interview About The Doomed Business Development Director.

To quote the Beach Boys… Wouldn’t It Be Nice. Yes, wouldn’t it be nice to have a business development director that brought in more business for your advertising agency than you can handle? But is your business development director doomed from the start?

She or he could be if you do not have agency objectives, a competitive agency brand positioning, something to sell beyond, “Hey we are a full-service/digital/social media agency”. Or, not having a list of clients and categories you want to nail; an active up-to-date CRM system or you are now in a state of panic because you just lost your largest client.

I know that this is a tough job to fill and do. I managed my agency’s business development director at my own ad agency; for Saatchi & Saatchi Advertising in New York and London and as CEO at two Internet start-ups. I have hired ten business development directors over the past twenty years. Some worked out and some, well, not so well. Again, this is one of, if not the toughest, agency jobs to position for success.

But, don’t take my word for it. Before you read on for an expert interview, you might also want to go to my blog post on how to pay an agency business development director.

An Expert Interview With Brooks Gilley On How To Hire A Business Development Director.

Brooks Gilley is the Founder and CEO of Portland’s 52 Limited. 52 LTD is a 15-year-old creative resource company that connects world-class talent with leading brands, marketing departments, design firms, advertising and digital agencies.

In addition to running one of the west coast’s leading creative talent agencies, Brooks ran the Portland Advertising Federation and worked at advertising agencies.

Peter: According to the RSW/US 2014 RSW/US Agency-Marketer Business Report, the tenure of agency business development directors was two years or less. ADWEEK reports that people in this position at large agencies last less than one year. Is this surprising to you?

Brooks: It’s not surprising at all, largely for the fact that agencies I have worked with on business development director searches come to us in a moment of panic, and that’s usually where the ask starts. It’s a role that is needed now but was probably needed at least twelve months before new business gains became an issue. Additionally, it’s not necessarily a strategic role that is esteemed at and supported within a ‘creative’ organization. [Read more…] about Is Your Advertising Agency Business Development Director Doomed?

A Deep Dive Into The Birth Of Podcasting With Rob Walch Of Libsyn

Peter · June 15, 2020 · Leave a Comment

Part Two: Rob Walch of Libsyn and Podcast411 – The Lowdown And A Dive Into The Birth Of Podcasting In This 2006 Interview.

You know this, right? The word Podcast comes from the combination of iPod and broadcast. Do you know that Apple made podcasting what it is today? You also know that the beauty of podcasting is the instant delivery to your device via an RSS feed.? But, do you really know all of the early history? This episode of Advertising Stories will bring you up to speed on the birth of podcasting.

[buzzsprout episode=’4160039′ player=’true’]

By mid-2006 Rob Walch had already recorded 149 episodes on his popular podcast411 show. He also knew more about podcasting than anyone in the industry, still is, and he is brutally articulate in this 2006 interview.

One interesting point rob makes is that today’s politicians should use podcasting to get their message out. Podcasting is free; it is not controlled by the FCC; it can be any length and is very personal. It is 2020… where are the political podcasts? No, not the ranting shows. The shows from the candidates themselves.

This entertaining and informative conversation was first recorded in 2006 on my advertising agency’s podcast series, The 360 View. I had just started a marketing podcast, a bit early, but knew that I needed Rob’s perspective on this burgeoning communication platform. He was right then and continues to be an industry visionary.

Rob has been a leader in the world of podcasting since 2004. No one knew more about where podcasting was and IS now going than Rob. Rob’s podCast411 is where it all started and is worth a visit. If you are a broadcaster, publisher, or listener, Rob’s history and insights will help you understand why podcasting is booming.

Make sure you meet Rob on LinkedIn — plus he is now VP of Podcaster Relations at Libsyn. There will soon be a follow-up episode. Stay tuned.

Check out Part One:  Rob Walch | Predicting The Future Of Podcasting. Was He Right? Spoiler Alert… Yes. | EP: 004

SHOW LINKS

Rob Walch and podCast411

Rob on LinkedIn

libsyn

A nice thing for me… Feedspot has already recognized Advertising Stories as being a top 15 advertising podcast.

Do Not Forget To Subscribe to Advertising Stories Whenever you Listen To Podcasts. Please Tell Your Advertising Friends.

Advertising Agency Podcast Guide

Peter · May 6, 2020 · 2 Comments

I launched a new advertising podcast = Advertising Stories (you can listen to it everywhere). So, why not create a quick advertising agency podcast guide based on my research? Here you go.

FYI: My last podcast series which, I did for my own Portland Oregon agency, faded away in 2008. Ya think I was too early for the podcast market?

Advertising Stories is designed to be entertaining and filled with teachable moments. The keyword is entertaining. Entertaining for you advertising and marketing folks – and, frankly, anyone that just likes a good story from the good old days (or today). 

Oh, if you do not get my email newsletter – sign up on the left and you will automatically know when I launch my podcast.

A Quick – Advertising Agency Podcast Guide

There are 213,000 results for the Google search “Podcast Guide” so I am not going into big detail here. I’ll just point you to some of my thinking and the resources I’ve found. [Read more…] about Advertising Agency Podcast Guide

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