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The Biggest Advertising Agency New Business Secret

Peter · February 28, 2021 · Leave a Comment

The Biggest, Most Important Advertising Agency New Business Secret.

Ogilvy Mather UK

It’s Sales Stupid.

Back in 1992, James Carville, Bill Clinton’s strategist said, “It’s the economy, stupid” to make sure the Clinton campaign remembered what was critically important to the American electorate. So, taking my cue from James, I offer that “It’s sales stupid”  is the biggest, most important advertising agency new business secret.

An advertising, design, PR agency new business program, marketing materials, presentations (even daily conversations with existing clients), and new business pitches are all about sales. Sounds obvious, right? The problem is that ‘sales’ can be a dirty word at some ‘creative’ agencies. If you think that I am overstating this, take a look at a few agency websites, and ask yourself if they are designed to be high-octane sales experiences that drive leads or just well-designed agency brochures. I think that the Contact page is a number one offender. Contact copy like, “Give us a call” is simply not a romantic way to begin a relationship.

An Advertising Agency New Business Secret

A discussion of how to use the science of salesmanship in an agency presentation could fill a book. I’ll be brief and hit what I think are the most effective techniques we can learn from the masters of salesmanship. Allow me a brief detour first.

I left advertising in 1995 to put a group of New Jersey newspapers online for Advance Internet (the digital newspaper arm of the Newhouse Media Group – you know them as the owner of Condé Nast). In addition to inventing New Jersey Online’s digital newspaper editorial persona, we also had to build an early online sales program that included the design of new advertising units and a sales pitch for this new Internet platform. To help me, Advance brought in Jim Hagaman from the Miami Herald. Jim was easily one of the savviest media salespeople I had ever met.

Within a few days, I had gone from thinking that I knew how to sell (i.e. running business development at Saatchi & Saatchi), to jettisoning much that I had learned, to watching a master actually make sales in the nascent Internet marketplace. Much of what you see below came from Jim.

One of his more interesting sales insights came when I said that we needed to go pitch New Jersey Online to New York advertising agencies. He said, whoa boy. In his experience, agencies always mucked up the sale. They wanted to put their own stamp on the sales message, usually got the details wrong, and always slowed down the process. He said that we were going directly to the clients to explain the benefits of digital media. As I eventually witnessed, he was right.

Actually, here is one more super insightful story that will introduce my next point, which I admit might be a “duh” for some of you.

You have to understand your client’s mindset, needs, pain points, rationale, and emotional motivations before you can ever craft an effective sales pitch.

I learned this lesson at my first agency pitch for New Jersey Online. I figured I’d start with my very own ex, the New York office of Saatchi & Saatchi. I knew the agency inside and out and had worked with their Executive Media Director Allen Banks for years. My pitch included a 1996 hockey puck graph of projected Internet usage and a discussion of digital advertising that touted our newfound ability to track how website visitors viewed and interacted with online advertising. Was Allen smiling? No. His reaction?

“Are you f*cking kidding me? We have made a fortune not really knowing how, when and for how long consumers have been looking at our ads. I manage hundreds of millions in advertising media placement. Knowing how much of it doesn’t work will kill our golden goose.”

My point in telling you this story is that I didn’t think through Allen’s motivations before I delivered my early online advertising sales pitch. By the way, he was right. The Internet sure seems like it killed some parts of the golden advertising goose.

More Sales Advice

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Want Advertising Agency New Business Leads? The Ratti Report Delivers

Peter · February 26, 2021 · 2 Comments

advertising agency new business leadsSteve Ratti  And The Ratti Report – Advertising Agency New Business Leads Served Up Daily…

As Steve Ratti, the Managing Editor of The Ratti Report says:

“Ratti Report is the leading digital newspaper for ad agencies aggressively seeking pitchable new business intel. Celebrating 10 years in publication, we continue to track down great clients for our great agency membership.”

The bottom line for The Ratti Report is that it delivers 1,000 or so actionable advertising agency new business leads per year – a few new ones each day.  These are go-for-it leads for the advertising agency universe. Yes, not all leads will be perfect for your agency. But, hey, some will be if you are good at sales.

Check out my conversation with Mr. Ratti on how he does his magic, how advertising


Steve Ratti on LinkedIn.

The Ratti Report.

YO – Hypnotism coming: Remember to subscribe to Advertising Stories. Remember to subscribe to Advertising Stories.

Remember… so you will hear my whole series on virtual pitching.

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

Episode is Live

Published: Feb. 24, 2021 @10AM Edit

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How To Get Advertising Agency New Business Leads – The Ratti Report

Peter · February 24, 2021 · Leave a Comment

Advertising Agency New Business LeadsEver since running Saatchi & Saatchi Advertising’s new business program + my two internet startup’s sales groups + generating advertising agency new business leads for my own agency + getting people like you to visit this page and then contact me… I have figured out how to generate advertising agency new business leads. So, beyond talking to me, I also recommend that your advertising agency check out my quickie checklist below and Steve Ratti’s The Ratti Report.

How To Drive Advertising Agency New Business Leads

Here is a quick ‘just do it’ list for lead gen.

  • Make sure that your agency is findable by the clients that are looking for a marketing services firm like you. Are you findable… on Google searches? On the right industry lists? On directories like Clutch?
  • Go ahead and use B2B advertising. LOL – I’ve heard that advertising works.
  • Build a new business hot list based on your smart approach to targeting the right clients. Then go out and intelligently, and unignorabily, reach out to the list via savvy account-based marketing. Ya know, direct marketing. And, deliver fabulous & unignorable hard to ignore insights and thinking.
  • Do the smart social media + SEO thing so people find your brilliant text and video and audio smarts.
  • Please make sure that your website is actually designed to drive leads. This does not happen by just having a static boring me-too contact page.
  • Buy smart business lead services and industry databases. Start with The Ratti Report.
  • Hear Borat love me. I now have video testimonials for my biz from Borat, Gandhi, and Trump (2X). And, yes, moving on from Donnie. But, it was funny at the time.
  • Read this list of my blog’s 800+ new business posts.

Listen to my podcast interview with The Ratti Report’s Steve Ratti who serves up new business leads every day…

 

 

Minimalist Business Development Plan

Peter · December 25, 2020 · 1 Comment

How To Build Your Minimalist Business Development Plan

minimalist business developmentWhen I write what I call a minimalist business development plan for an advertising, digital agency client I split the plan’s deliverables into two documents. One is a comprehensive 360-degree look at my client’s business objectives, current market position, brand positioning and attributes, target market pain-points, existing biz dev plan, and a range of tailored inbound and outbound, i.e. account-based marketing approaches.

After we review the master plan document, I create a more simplified two-phase plan that is designed so that it actually gets implemented. I say actually gets implemented because many, too many, marketing communications companies do not run the business development plan they have. I have seen this at mega agencies and two-person shops. My two-phase plan, yes a minimalist business development plan, is designed to focus on a small set of marketing programs, to be highly efficient, and to be built on a clear process.

My minimalist business development mantra is KISS (keep it simple stupid) + focus on a small number of core marketing programs + be efficient + make sure that whatever you say (an agency’s positioning, sales proposition, and marketing messages) is UNIGORABLE.

OK, one more. Agency management must be dedicated to running the business development program. 24/7. Dedication to agency growth must come from the top.

8 Smart Elements Of A Minimalist Business Development Program

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How To Manage A Brain On A Zoom Sales Meeting

Peter · December 1, 2020 · 1 Comment

The Neuroscientist Patrick Renvoisé On How To Manage and Win A Zoom Sales Meeting

Zoom sales meetingFace-to-face vs. a virtual sales meeting. Some things remain the same and somethings radically change. This podcast is all about how to understand how the brain works in a Zoom sales meeting, presentations or any other Zoomish thing.

You will hear about what works including the concept of primacy and recency. As in what people actually remember. Important learning here.

This is one that you should stay for till the last few minutes. I made an avoidable podcasting mistake that acts as a decent learning moment. For me, and you.

This is number 4 in my series on Zoom sales calls and it delves into the science. This is, if I say so myself, a must listen to interview.

Patrick Renvoisé is President, Chief Neuromarketing Officer of sales Brain. What is Patrick’s Sales Brain? …

SalesBrain is the first neuromarketing agency with a scientific persuasion model that helps companies achieve scientific growth, rapid growth and proven growth. SalesBrain increases marketing and sales performance by targeting the decision making part of your customer’s brain with a unique, award-winning, science-based  NeuroMap®.


Patrick Renvoisé on LinkedIn

Sales Brain

# 4 in this virtual pitch series. Go listen to #1 with the leading advertising agency pitch consultant.

YO – Hypnotism coming: Remember to subscribe to Advertising Stories. Remember to subscribe to Advertising Stories.

Remember… so you will hear my whole series on virtual pitching.

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

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