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On Being Smart

Peter · December 15, 2017 · Leave a Comment

Smart Is A Good Thing (For 2018)

Hey, I like being smart. Yeah, I just said that.

I bet you like being smart too. In fact, as you know, being smart is an essential element in driving brilliant marketing. This includes being curious.

So, without further ado, here are a couple of smart places to help you get smarter before 2018. This MIT article and Stanford interview got my intellectual juices flowing and I’ll assume yours will flow too.

First, here is a hot list from MIT’s Technology Review. Its list of the 50 Smartest Companies 2017 offers a look at companies that have found the inflection point between innovative technology and a sound business model. Something I’d think a savvy 2018 advertising agency would like to find.

Second, is a video of the Stanford interview with Chamath Palihapitiya, Founder and CEO Social Capital, on Money as an Instrument of Change. I have listened to Chamath in YouTube videos this past week (the CNBC guest host is also worth your time) and find that he opens up my mind and, yup, makes me smarter.

 

Giving to win: Strategic Philanthropy and Advertising Agency Smiles

Peter · November 30, 2017 · Leave a Comment

Strategic Philanthropy

Way back in 2013, I wrote about advertising agencies and philanthropy. I haven’t changed my mind… Intelligent giving, or better, strategic philanthropy, is a smart move for you and your clients. I urge you to read my earlier post.

Since its the holiday season, I thought that your agency might want to consider giving to one or more charities rather than spend on gifts that, frankly, your client does not want or need.

I am sending you to an L2 video conversation with Scott Harrison, the brilliant CEO of Charity: Water. Charity: Water (great branding by the way) has raised over $27,000,000 over the last 11 years to fund water projects in 24 countries. But… before I get to the video, here is what I said to you in 2013 (bottom line: giving is good for  business (!!!) as well as one’s soul):

The great majority of advertising agencies have one or more nonprofit clients. It is a wonderfully symbiotic relationship. The nonprofits get high-level creative and the agencies get to feel good, look good to their communities and, most importantly, provide important services to charities.

This charitable work is also good for the agency’s new business program. If done correctly, the nonprofit relationship is strategic. One agency that gets it is Portland’s Grady Britton. You can read about their multi-year program in my article, “An Agency That Does Good” on the Agency Post.

I’ve felt so strongly about the symbiotic aspect of charitable work that I’ve always recommended a strategic approach to my clients. Below is how I’ve represented this concept. If you agree with me, please pass this on to your clients. At a time of reduced government spending, it is important that agencies play a more assertive role in selling the benefits of Strategic Philanthropy.

OK, The L2 Charity: Water Video:

Big thanks to Scott Galloway, too. One more point, there is no reason your agency can’t make videos as compelling as L2’s.

https://www.l2inc.com/daily-insights/winners-and-losers/innovation-that-matters-charity-water?utm_source=email&utm_medium=email&utm_content=winners-losers-img&utm_campaign=email

How To Own A Brand Positioning

Peter · March 4, 2017 · Leave a Comment

Ah, The Brand Positioning – How Are You Going To Own Yours?

Screen Shot 2017-03-04 at 8.55.44 AMAll of the medium to small advertising, PR, design and digital agencies I work with (even network agencies) are by nature, challenger brands. As in, they are not R/GA or Droga 5 or 72andSunny or today’s hottest – pick your current digital-flavor-of-the-month specialist. I’m sure you know what challenger brand means and that is one of your potential brand positionings but… Here is a nice clear definition of challenger brand from Chron.com:

A challenger brand is a company or product brand in an industry that is not the category leader. The term denotes the fact that such companies have to play from a position behind the dominant player or leader in an industry. This makes the process of marketing significant to attracting customers.

The nurturing of challenger brands is one of the marketing agency positionings that I’ve discussed on this blog and with many of my agency clients. No, it is not a brand new proposition. But, it has power since most brands are by nature challenges and, as stated above, marketing is critical to elevating a challenger brand to brand leadership. This makes having a dedication to helping challenger brands a winning proposition.

Eat Bigger Smaller Fish

Screen Shot 2017-03-03 at 9.36.38 PMI have been following the challenger brand consultancy Eat Big Fish for years. They are without question the leading consultancy in this space and their leader Adam Morgan is the numero uno voice of the challenger brand market. I have used Eat Big Fish in my agency business development recommendations as one of the benchmark agencies that I believe represents a best of class B2B marketer. As in, how they market themselves under, inside and around their positioning umbrella.

Eat Big Fish is an excellent example of a marketing company that has a single-minded sales proposition, a well-defined market and a dedication to thought leadership that… makes them, without question, the thought leader, “I must talk to them” leader in their category.

How They Do It

I think that, no, I know that, EBF (I hope they don’t mind the abbreviation, I just don’t like typing ‘fish’ too often) can offer some direction for all agencies.

EBF nailed their approach to a large hungry market. And, they appear to be early in. Or, even better, they market themselves so well, that they look like they were early in.

They nailed their brand name and logo. Ah, the British and branding.

They nailed their messaging.

More:

  • Adam Morgan established his credentials in 2009 by writing the book, “Eating The Big Fish”.
  • Their latest book, “A Beautiful Constraint”, speaks directly to today’s time and resource scarcity. Here is how they describe the book: “A Beautiful Constraint is a book about everyday, practical inventiveness, designed for the constrained times in which we live. It describes how to take the kinds of issues that all of us face today — lack of time, money, resources, attention, know-how — and see in them the opportunity for transformation of oneself and one’s organization’s fortunes.” Oh, they have two more books. I like ‘agencies’ that write books. Here’s is a blog post on how to do that.
  • EBF has a hard to resist sales proposition: “We enable ambitious brands of all shapes and sizes to do more more with less.” Um like, what client would you want that isn’t ambitious and would just love it if you offered them a high ROI?
  • Their Our Work section delivers on their strategic focus and client benefits. Nice, clear and concise. Like, if you were a big brand, why wouldn’t you give these guys a call? Plus, they sound like they play nice with the other children – they fit in seamlessly between the brand and the brand’s agency.
  • EBF’s thought-leadership is, well, thoughtful. This series is timely, thought-provoking, insightful, and fun to read. It would be of interest to any client out there: “Challengers To Watch In 2017”. Cool! I love this one — Impossible Foods. Imagine trying to challenge the all-beeeeeef burger.
  • They give good videos. Check out their Speeches page.
  • They nail client testimonials. Most agency client testimonials are — boring. These are not.

And… you should subscribe to their newsletter. You’ll see why after you get one. The pitch: “Sign up to The Challenger Project and get our monthly roundup of challenger inspiration every last Friday.”

One thing I dig about their approach is that their focus is on sharing the insights and stories from the broader world of challenger brands.  Whether client or not, eatbigfish get out of the way of the story.

Inspiring in an agency world where we just cannot stop talking about ourselves. Ya know what I mean?

2016 Winners and Losers

Peter · December 22, 2016 · Leave a Comment

My 2016 Winners and Losers

tomWell, not just mine. Here is a video from L2 and its CEO Scott Galloway on his 2016 predictions. Galloway is one of the more entertaining folks out there and his take on what is working and not in marketing and the digital space is always worth a watch. He is well viewed so if you haven’t yet, you’d better because I suspect your smartest clients watch him. A key takeaway? Your agency needs to understand the world of messaging.

The massive world of messaging has been one of my big winners too. Especially messaging plus chatbots – a perfect new marketing space for agencies and their inherent skills. Here are a bunch of articles on the subject.

A Loser?

Advertising, PR, digital, content, experiential agencies that sit on their business development haunches and hope that their telephone or email chimes with incoming clients. No, just sitting on your ass and playing the ‘word-of-mouth-referal-game’ won’t win new clients. I wrote about the need for relentless sales ENERGY right here: Your Advertising Agency must Kick Ass in 2017.

A Winner — Vaynerchuck

But, but, wait, wait, there’s more. Below is one of this year’s smartest keynote addresses. In this case…  from the effervescent Gary Vaynerchuck of online wine and Vayner Media fame. This talk (rant) is his 2016 Inbound keynote care of HubSpot. I love HubSpot. They publish my stuff. By the way, I tell all of my agency clients to guest post for broad awareness, message reach, and fame. Here are some of mine….  I walk my talk.

This keynote is long. Break it up into thirds and watch it hard. I don’t care who you are. You will get more than one inspiring moment. Gary walks the talk too. Vayner Media just might be the fastest growing agency today. Why? They do not sit on their ass waiting for the phone to ring.

More Advertising Agency Christmas

Peter · December 9, 2016 · 1 Comment

An Advertising Agency Christmas Video That…

…Is actually entertaining. In this case, no surprise, it’s from Toronto’s Zulo Alpha Kilo.

“The holidays are a time for forgiveness. And what better way to ask for forgiveness than with Dmitri the Apology Dog from Zulu Alpha Kilo.”

Hard to go wrong with a talking dog.

 

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