marketing

How To Name Your Advertising Agency: Part One

Peter · May 17, 2019 · 2 Comments

A Strategic Guide To How To Find Your New Advertising Agency Name

This is Part One of a two-part series on how to name your advertising agency (or, most businesses for that matter).

Other than the gyrations that agencies constantly go through with how to position their agency (go here to see my advice on agency positioning); design and redesign their website… how they name themselves is one of their most important branding decisions.

I worked for three advertising agencies. Two were “founder” agencies: Dancer Fitzgerald Sample (remember “Where’s the beef?”) and Saatchi & Saatchi (which bought Dancer) and the other was my very own Portland agency and its “current usage” name: Citrus. Or, as one of our creative directors thought was critical to our success, citrus, with a lower case “c.’

A Question…

Do advertising names matter? Wow, this is a tough one to answer. As you will see from the different naming conventions listed below, how one chooses a name is a broad journey. However, just for the hell of it, here are some of the names for AdAge’s 2018 Small Agency Awards. Do any of these agency names instill immediate confidence? A must call reaction? Are memorable?

Butler, Shine, Stern & Partners
Mistress
Johnxhannes
The Chopping Block
Funworks
Oberland
Walrus (cool website)
Phenomenon
Brownstein Group
Steak
Yard
G&M Plumbing
Spawn ideas
Next/Now

My favorite (at least for this one second) is Next/Now. This name kind of meets a client pain point.

Part One: The Wonderful World of the Advertising Agency Name

I recently asked one of my advertising agency clients how they selected their name (note, it’s a word you use every day in your kitchen.) They said that they went through a fairly random process with the goal of finding a name that was easy to remember and not taken. Well, that’s one way to do it. Another is to apply process. [Read more…] about How To Name Your Advertising Agency: Part One

Google Will Screw Your Ad Agency

Peter · May 14, 2019 · 2 Comments

Google is going to screw your ad agency.

Or, better said, they are going to mess with your organic listing. Which means, that your ad agency will be harder to find. And, therefore screwed.

Many of the ad, digital, etc. agencies I talk with tell me that their SEO is not delivering the power that it once did. Between ads taking top positions, Google’s desire to answer your inquiry right on page one in a snippet (like Google’s answering what the tallest tree is in a two-sentence snippet so you do not even have to go to the expert tree website).

Google is changing, again.

I urge you to go to Neil Patel’s How Google’s New Layout Predicts the Future of SEO to read an in-depth review of what Google is doing/considering. Believe me, this is not good news for you or me since I get the majority of my leads from a Google search.

From Neil: The big trend is that the organic search results have been drastically pushed down below the fold. Roughly by 3.3X.

How does that look? Pretty bad folks. One example… who is ever going to see that blog that you spend hours crafting?

What To Do?

First of all, the benefits of a Google search will not go away. Sure your ad agency might be on page two or three but I am going to imagine that people will scroll down a bit more to see the organic lists. OK, maybe. What can your ad agency do? [Read more…] about Google Will Screw Your Ad Agency

How Strategy and Brains Drive Attention and Sales

Peter · March 7, 2019 · Leave a Comment

The Art Of Strategy And Sales

You are about to read one of many interviews with advertising geniuses that are in The Levitan Pitch. my book on pitching and presenting. You can buy the book from Amazon and I make is really easy at the top of this page. If you are in a hurry, just click here.

But, first…

The Wonderful World Of Strategy From the Effervescent Mind Of Faris Yakob

When I first moved to Saatchi & Saatchi Advertising London in the early 1990s, I had the pleasure of entering the golden age of account planning. Even New York agencies hadn’t truly grasped the benefits of account planners vs. America’s traditional researchers. One of the definitions of account planning is that it brings the consumer mindset into the process of developing advertising. Here are two more definitions that directly relate to most client pitches.

“The account planner is that member of the agency’s team who is the expert, through background, training, experience, and attitudes, at working with information and getting it used – not just marketing research but all the information available to help solve a client’s advertising problems.”

– Stanley Pollitt, founder Boase Massimi Pollitt and wrote the book, Pollitt On Planning.

“Planners are involved and integrated in the creation of marketing strategy and ads. Their responsibility is to bring the consumer to the forefront of the process and to inspire the team to work with the consumer in mind. The planner has a point of view about the consumer and is not shy about expressing it.”

– Lisa Fortini-Campbell, Kellogg School of Management

Earlier in the book, I discussed that the Internet and a wide array of easy to use strategic tools have helped us all become more adept at research and being able to deliver many of the benefits of account planning. That said, being an expert in strategic planning and innovation is a full-time job. Here is one of the worlds most famous full-time experts.

A Strategic Expert Talks

Faris Yakob, Founder and Principle, Genius|Steals and… his book “Paid Attention: Innovative Advertising For A Digital World”

Faris Yakob is the Founder and Principle of Genius|Steals a global planning, idea and innovation consultancy that works on new product concepts, new communication ideas, workshops, inspiration, strategy, content creation, and new ways of thinking. Genius|Steals’ clients include: Fast Company, Grey Advertising, Marriott, Microsoft, Ogilvy (NY), and P&G.

Prior to founding Genius|Steals, he was Chief Innovation Officer MDC Partners/KBS+ and EVP Chief Technology Strategist at McCann Erickson. To top it off, among other kudos, Faris was Chairman of Integrated Jury and Content&Contact Jury at the 2011 Clio Awards.

PL: Do you call yourself an account planner?

Faris: That’s a good question. I have been an account planner, a media planner, a digital strategist, a communications strategist, and I’ve been a management consultant. So I guess, loosely in the area of strategy, I’d say yes. [Read more…] about How Strategy and Brains Drive Attention and Sales

3 Thoughts On Advertising

Peter · February 12, 2019 · Leave a Comment

Actually 4 Thoughts On Advertising

Here are some thoughts on advertising driven by four recent reads.

What If There Was No Advertising?

Imagine a world where all advertising was erased from the environment. That means no more escalator, or bathroom stall ads; no more behavioral retargeting; movies and tv shows without commercials (oh, that’s Netflix); no outdoor boards on Montana highways, and on. Hard to visualize? Maybe (um not), to help, here is a series of “ads” that have been erased. Check out Jorge Pérez Higuera’s photo series Public Spaces.

Back to reality.

But, First The Good Old Days & ROI

I am having a drink tonight in my town San Miguel de Allende with Michael Farmer whose book, “Madison Avenue Manslaughter: An Inside View of Fee-Cutting Clients, Profit-Hungry Owners and Declining Ad Agencies” is the most informative and insightful book on the reasons for the demise of the good old days of advertising. Michael covers the advertising world from the high-profit Mad Men days to where we are today (much less-profit). Today’s ad world is strapped by client jitters, the quest for low-cost advertising services and way too many advertising platforms that equal an ever-increasing workload.

I suggest you buy the book and listen to Michael’s interview with Jack Meyer’s on MediaVillage. From the interview:

Jack Meyers: Last week we talked about the deterioration in agency-client relationships — fee cuts, shorter relationships, in-house agencies, etc. You said that agencies were downsizing and liquidating their capabilities — becoming less capable of helping their clients solve “brand growth problems.” You predicted that this would lead to financial problems for the holding companies. This did not paint a very optimistic picture of the industry. Where do you think things are headed?

Michael Farmer: There’s a difference between where things are probably headed and where they could be headed. In a funny way, I’m still optimistic about the potential for a turnaround in the industry. As long as advertisers have performance problems — stagnant brand performance, for instance — there are attractive opportunities for problem-solving partners. The question today is whether the current leaders of advertising agencies and holding companies will transform their operations and help them become the problem-solvers that their clients need.

We will not return to the good old days of 15% commissions on large TV, print and radio buys. Today we are paid by the hour and seem to need to run Instagram at a 24/7 pace.

However, it does not have to be gloom and doom. As I have written about over the past few years and council my agency clients… we need to, as Michael says, address the core need of our clients and that is sales growth – not mindless Instagram posts. In the case of 2019’s ability to track much of what we do, that means addressing Return On Investment. Yes, you better be creative art directors, media planners and database experts. But, you have to be able to recognize sales opportunities, have the time to find solutions and deliver ROI.

Advertising Is Back! Y’all. I Hope.

From a Business Insider article.

2017 was a trying time for ad agencies, with issues ranging from transparency and brand safety concerns to the looming threat of consulting firms coming to a head last year.

But the prospects for the advertising industry look a lot brighter in 2018, according to new research issued by UBS.

The investment bank surveyed 350 global marketing executives and 500 US CFOs and has predicted that ad agencies will bounce back in 2018, buoyed by a growth of 4-5% in global advertising spend.

The recovery in 2018 will be driven by a number of factors, UBS analysts said, including large advertisers increasing the scope of work with creative agencies and big sporting and political events driving increasing spend on brand media.

This is particularly interesting, as it runs counter to the trend of advertisers doubling down on direct advertising in recent years, where they have prioritized marketing strategies that drive measurable results.