new business

Your Advertising Agency Will Get Fired

Peter · February 16, 2019 · Leave a Comment

One of the tenets of my business development system is the understanding that your advertising agency will get fired by virtually every one of your project work and AOR clients. This means that you better be out there finding your next set of clients because your current clients will sooner or later walk out the back door.

To get even more painful, we all need to get over the disastrous track record of agencies that wait till they get fired to get fired up about running a new business/sales program. The standard, awful, message is that the agency was too busy working on its current clients to run a solid business development program. You know, the horrible saying… “we are like the shoemaker who can’t make shoes for his kids.”

I’ve written in the past about why advertising agencies get fired – right here. This post expands on that review. But first, here is a key finding I wrote about a couple of years ago:

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.”

Why You Will Be Fired & How To Stop It

There has been a bunch of research about the primary reasons that clients fire agencies. While getting fired is somewhat inevitable, I think that agency management must be very cognizant of the reasons and manage their agency and staff accordingly.

The smartest, most aware agencies get fired less frequently.

Let’s walk through the reasons you will get fired. I’ll be brief because I believe that most of these can be managed down without a huge effort.

It’s Much About KPI’s and Return On Investment

I counsel all of my agency clients that return on investment, the client’s investment in their marketing programs must yield a positive and calculated sales return on every dollar they spend. Obvious, right? That said, it is amazing to see how many advertising agencies cannot calculate ROI based on a client’s KPI’s (Key Performance Indicators). Some agencies do not even ask about key performance metrics. [Read more…] about Your Advertising Agency Will Get Fired

Nootropics, Brain Food For Advertising

Peter · January 30, 2019 · 2 Comments

Nootropics And Advertising

UPDATE:

I originally wrote this 18 months ago and promised an update. I did not receive enough benefit – as in, making me enough of a smarter boy to merit ingesting the nootropics and the cost. It would have been nice to tell you that I became Bradley Cooper.

Back to the original blog post:

Remember the movie Limitless and the little clear pill NZT that turned Bradley Cooper into a raging genius? He had entered the new world of nootropics. Read on.

Today is Day One of my Nootrobox test. My “NZT” test. Nootrobox is a nootropics or “smart drugs” company. I hear you saying, “Nootropics?” Here’s the Wiki definition…

Nootropics (pronunciation: noh-ə-TROP-iks)—also called smart drugs and cognitive enhancers—are drugs, supplements, or other substances that improve cognitive function, particularly executive functions, memory, creativity, or motivation, in healthy individuals.

And, here is the description from Nootrobox, the VC-funded company that is supplying me with my three-pill set. [Read more…] about Nootropics, Brain Food For Advertising

See How Advertising Agency Humor Can Sell You

Peter · January 29, 2019 · Leave a Comment

When I owned my Portland advertising agency I was always looking for a way to really grab the attention of a business development prospect the second they hit our home page.

I mean grab them. Excite them. Hold them. Sell them.

An approach that I considered over and over was to have a stand-up comedian do one or more video sets about advertising issues, the issues that our agency would solve plus toss in some self-deprecating agency humor. The key here was to immediately capture home page attention, look different and find a way to deliver our sales pitch via laughs. For some reason, I never made the decision to go this route and I kinda regret at least testing it.

A new liquor company looking for marketing help approached me last week. As I was starting to think through their objectives, product line and target market opportunities, I began a search for what is currently considered smart liquor advertising. One of my advertising agency clients pointed me to the Deadpool actor Ryan Reynold’s Aviation Gin. I’ll get back to him in a minute. [Read more…] about See How Advertising Agency Humor Can Sell You

What’s Your Smart Guest Blog Pitch?

Peter · January 23, 2019 · Leave a Comment

I’ve done a fair amount of guest blogging on advertising and marketing industry websites to drive my awareness within the advertising agency market. Based on this experience, I strongly recommend the guest blog opportunity to my agency clients and give them both strategic and tactical methods to amplify their messaging on OPW – other people’s websites.

As you might suspect, how one delivers the guest blog pitch is critical.

To start, these are the core objectives of the guest blog (care of Neil Patel):

Positioning yourself as an authority and well-known name in the industry. (This is especially important for an advertising agency that wants to get in front of a specific target market that reads their large audience industry blogs.)

Getting exposure (traffic) back to your website.

Building backlinks to your website.

An Incoming Guest Blog Request

I recently received a request to guest blog on my website. I believe that the incoming email provides a teachable moment. Here is the email from Piyuesh Modi of Amsterdam + Bangalore + Melbourne’s PagePotato Digital Marketing.

Hi,

Hope you are doing great.

I was searching on relevant influencers talking about content marketing and stumbled upon your blog
https://peterlevitan.com/the-history-of-podcasting-9181/

Being the co-founder of Digital Marketing agency and sketching enthusiast, I have tried to put my sketching skills to use and made sketch notes on topics related to content marketing. The attachment has one example and this has many more
https://pagepotato.com/content-marketing-doodles-sketch-notes-piyuesh-modi/

Entrepreneur.com and YourStory.com have found it interesting and went ahead to publish them (the links will take you to the published blogs). This made me think that content marketing readers are finding it useful. Since I saw that your blog is already helping a lot of readers, I thought it would be a good idea to reach out to you and offer my content marketing sketchnotes FREE for use in your blogs or in your social media.

I am not expecting anything in return for this. However, if you choose to share it with your audience, it would encourage me to keep doing this 🙂

Moving a step further, if you have any valuable fresh content, then I would also be interested to share with my audience.

Thanks,

Piyuesh’s Guest Blog Pitch

Let’s break down Piyuesh’s guest post ‘pitch’. [Read more…] about What’s Your Smart Guest Blog Pitch?

What To Learn From Learn From Crispin Porter Bogusky

Peter · January 20, 2019 · 1 Comment

Advertising Agency Learning From Crispin Porter Bogusky

I use a bit of show and tell when I work with my advertising agency clients. Based on their business objectives, positioning, and service offering, I show a series of relevant benchmark agency websites and marketing tactics to help agencies learn from related B2B best practices. Here is what I think is valuable learning from the recently rebranded Crispin Porter Bogusky and its new website.

Crispin Porter Bogusky – Background

Crispin Porter Bogusky was once the golden creative baby of the advertising industry. It came to fame in the early 2000s with its Truth campaign for the Florida Department of Health. From AdAge, June 2002:

Crispin Porter + Bogusky had a good week in Cannes, winning two Media Lions for its launch campaign for the Mini and picking up two Film Lions for anti-smoking work for the Florida Department of Health. The agency’s brand new campaign for Florida “Truth” takes a rat’s eye view of the tobacco industry.

Over the years, the agency moved from Florida to Boulder and then expanded globally. They’ve been named “Agency of the Year” 13 times, was Advertising Age Agency of the Decade in 2009 and was Cannes Lion’s Interactive Agency of the Year – get this – three times. The agency is owned by MDC Partners.