Blog Posts

Garbage In; Garbage Out – Your profile is your lifeline to new business …

Written by ChuckMeyst2015 on . Posted in Blog Posts, Business Development

July 16th we called your attention to some important changes and additions to our database and your profile. It read:

Important Database Additions: We recently added some new Fields Served, then removed some as well. Same is true for Services Offered. Clients are now selecting from those, so if you haven’t claimed them, you’ll be overlooked. You are urged to check & update your profile. (see below)

Your data must be both current and complete. By example, we added “Cloud service vendors” to Fields Served and OOH (Out of Home) and Shopper marketing to Services Offered. These and others were also added to the client side (where the Client specifies what they want from their new agency). If a client includes any of these in the search criteria and you have the experience or offer the services (but you’ve failed to update your profile) you are automatically and absolutely eliminated as a candidate.

We’ll do our part, but please do yours and update!

 

Are they out of their minds!!! They’ve dropped their prices …

Written by ChuckMeyst2015 on . Posted in Blog Posts, Business Development

That’s what some said. But it’s true and we think it’s just good marketing. In a recent agency newsletter, we wrote: We’ve got some important news to share. We’re instituting our first substantial reductions and changes to our pricing model in years. Based on pre-testing, I think you’ll find what we’ve done quite appealing. Check it out …

Plans & Prices: A simple presentation of four (4) Plan options. Starting with the “Free” Iridium, then moving to Manager, Director and EVP Business. See which one makes sense for your firm.

Getting started on the Iridium Plan: Regardless of size or experience, everyone starts at Iridium. In our original pricing scheme of Gold, Silver and Platinum, Iridium (a white metal) was where everyone began. Iridium is important; for starters it’s Free! And it’s the building block of your profile and how you move up to the next plans.

Special Offer: Enroll at the Manager Plan and receive a Free Audit. Evaluate your chances in real terms. Our search engine takes your agency profile and exposes your data to all registered client searches that occurred in the last 12-months. That process produces a report that’s yours to keep. For every client search where you surface, you’re able to see each client category, budget and their location and its not guessing. Its a powerful tool and only AgencyFinder has it!

Plan ComparisonsEVP Business Plan is your best bet if you’ve got a new business budget. Let’s say you get a client invitation where their budget is $5MM. The Contender Fee plus the $500 Registration puts you at $5,500 for the year. Compare that to your EVP Business investment at $2,995 EVP saves you $2,505.

If however your firm is new, with only a few employees and little set aside for business development, select the Manager Plan – so you can walk before you run. You can get involved with what’s going on, but you only contend when it’s a perfect fit!

Little secret … If you’re invited at Iridium or Manager and want to contend, skip the Contender fees by paying the EVP Business $2,995

 

 

Detroit-area Federal Lawsuit Begs for Professional Publicity – Payment Offered or Pro-Bono

Written by ChuckMeyst2015 on . Posted in Blog Posts, Business Development

We just posted this in our PitchCast section, but for those of you looking for what might be a “Hot-Potato” assignment, we thought it deserved this special attention. Is this for you?

Retired land developer and builder wants to hire a public relations firm or individual that has contacts with local Detroit, Michigan Metropolitan Area media outlets such as television, newspapers, etc.

I want to have a professional person that can help me in a major Federal lawsuit get information published concerning corrupt city personnel in a small suburban city north of Detroit, MI that have confiscated the home of a WWII veteran who fought in the Pacific Theatre and yet the government, through corruption and retaliation has taken over this person’s property and given it to one of the richest golf clubs in the country to use as a retension pond for all of its storm water.

For contact information, write chuck@agencyfinder.com or call 804-346-1812 Please do so now …

Can you use ONE WORD to describe the biggest challenge facing Marketing today?

Written by ChuckMeyst2015 on . Posted in Blog Posts, Business Development

I suspect you’ve seen this posting on LinkedIn; it’s been up now for more than a month. In the beginning it was fun as well as interesting to see what industry leaders had to say. But then it started getting old …

The respondents made it obvious why marketers were having problems. If our industry’s “finest” couldn’t even READ (as in – it says can you use ONE WORD (not two or a sentence you fools!), then what hope is there to reach the general public … And the postings go on and on; when will the pain ever end? Moderator – please hit the Kill Switch!  This suggests all our messages (even in the B2B environment) need to be directed to the LOWEST COMMON DENOMINATOR.

Any comments?

Tell it like it is Dorothy – as in “8 things you should never say to PR agency pros”

Written by ChuckMeyst2015 on . Posted in Agency Search Tips, Blog Posts

Every public relations agency executive delights in hearing from prospective clients. One great thing about the business is that you never know which award-winning campaign, career-changing relationship, or high-profile engagement might be just around the corner.

A typical part of the chase is a series of calls or meetings with client prospects who can have widely varying degrees of familiarity with the agency process, or who may not be clear (or agree) on what they want or need. They can say odd, confusing, and even exasperating things; in fact, certain comments are red flags that an experienced public relations agency exec will detect in an instant.

Here’s a list of some of our favorites.

“We’re looking for someone to grow with us.” This is my No. 1 peeve from a prospective client.  It’s understandable if the budget isn’t large; in fact, it might be a smart move to conserve funds for later (and we are happy to steer you to an excellent freelancer or boutique agency if that’s the case.) But the invitation translates to, “We can’t afford to pay fair value for your work, and even if we hire you, you’ll never be able to make money with us.” Not so appealing.

“Here’s a proposal from another agency that wasn’t right for us because it was too big/expensive/outside of our category.” This hasn’t happened often, but it’s ethically dubious, to say the least, and confusing at best. (What do you really want?)

“We need our story to be in The New York Times/TechCrunch/’Ellen’ by the time we launch.” Well, as my former client used to say to her CEO when he started down this road: “There’s one way to guarantee that. It’s called advertising.”

“For this assignment, we’re not sure if we need a PR firm or a digital marketing agency.” Hmm, well, then, neither are we. They are very different disciplines with distinct goals, and they often work in tandem, but perhaps you should review your objectives and conduct some research into each. I’d rather spend my time developing the best possible PR recommendations based on solid information than explaining what PR is or does.

“We’re not looking for formal proposals. Just give us an idea of how you’d approach our business.” I’ve heard this quite a few times but have never really understood what it means.

“How much for a press release?” Argh.

“We need a viral video!” This one needs no explanation; most PR people I know have deleted the word “viral” from their vocabularies.

“We’re looking at 30 agencies and hope you’ll want to participate.” Um, maybe not.

This article was contributed by Dorothy Crenshaw, CEO and creative director of Crenshaw Communications in New York. She has been named one of the public relations industry’s 100 Most Powerful Women by PR Week.

The Disappearing “Agency of Record” & Why …

Written by ChuckMeyst2015 on . Posted in Blog Posts, Business Development

This arrived today by e-mail from my friend Tim Williams who leads Ignition Consulting Group, an oft invited and well-respected presenter of “agency truths.”  I promptly called Tim to talk about the fact that he and I have come to the same conclusion about the same time.  His story is here; ours will unfold in the next two months.  Stay tuned …

Tim Williams writes:

Are you “Agency of Record” for most of your clients?  Some of your clients?  Any of your clients?  You might have answered this question differently a few years ago, but today the vast majority of agencies today provide just a few types of service for their clients.  They may have a “full service” offering but they don’t have the “full service” clients to match.
 
To prove this, prepare a simple spreadsheet with your main service offerings listed across the top. Now list your major clients down the left-hand side of the sheet.  For each client, indicate which of your services they use.  If you’re like most agencies, you’ll quickly see that not a single client retains you for true full service.  Instead, they hire you for a select group of capabilities, and work with other agencies for other services.

Time to match our business model with reality

This current state of affairs presents a real problem that most agencies aren’t willing to address; that they are structured and staffed for a business model (full-service agency of record) that began disappearing several decades ago. The only marketers looking for an AOR are small companies who have neither the budget nor the sophistication to assign and allocate marketing duties to multiple agencies. 
 
Among the larger marketers – the brands that most agencies covet – the predominant approach for working with agencies is the “Best of Breed Model” with the marketer acting integrator, surrounded by a federation of agencies who specialize in various components of the marketing mix: advertising creative, media, digital, social, experiential, CRM, etc.
 
So when your website and new business materials describe your agency as a “full-service, integrated marketing communications firm with a wide variety of services” you’re actually trying to sell something that the best and brightest target prospects aren’t really buying.  Again, this comes down to the type of client you want.  If you desire to work for your local bank, hospital, or car dealership, these types of organizations might in fact want “full service.”  But if you aspire to work with national brands, a full-service strategy won’t get you there.

Wanted: best in class

Time and again, the stellar marketers in North America indicate that their top criterion when selecting an agency partner is “the desire to focus on best-in-class specialists.”  They don’t expect any agency to be excellent in everything, and they find it curious if not a infuriating that agencies are not willing to name what they stand for.  Agency websites use such nebulous language that prospective clients are genuinely confused about what they agency actually does.  Or more importantly, what they don’t do. 
 
“Wide range of expertise” is a mutually-exclusive term that deserves to join the ranks of “airline food” or “military intelligence.”  By definition, you can’t have expertise in a wide variety of areas.  And while you’re busy selling “wide,” what clients want to hire is “deep.”  Isn’t time to start selling what your clients and prospects are really buying?

It Ain’t Always Pretty or End at a Pot of Gold …

Written by ChuckMeyst2015 on . Posted in Agency Search Tips, Blog Posts

We want you to know we do all we can to dissuade a client from using our service to “test” a relationship. When we hear there is an incumbent, we ask “Whassup?” Why are you doing a review? An often general and reasonable reply is “franky we are both tired of each other.” But there are times when, even at that, the client elects to include that incumbent in their review. That’s something we can’t prevent and we’re not going to deny you the opportunity to win that business just because …

So here you go: March 5, 2014 (with credit to Advertising Age)
 
Mercedes sticks with PHD after review. Omnicom’s PHD is keeping its Mercedes business after a review. Mercedes owner Daimler spends a large portion of its measured media budget on Mercedes, which was the top luxury auto brand in the U.S. in 2013. “Every couple of years, you want to check outside your universe to make sure you have the best partner for your business. That’s the case with PHD,” said a spokeswoman for Mercedes-Benz USA.  
 
Shit happens …

 

A Cost You Can Cut: Agency New Business

Written by ChuckMeyst2015 on . Posted in Blog Posts, Business Development

Back on February 2nd, Tim Williams,  Marketing author, consultant to agencies and other professional firms, student of “next practices” posted his article suggesting (most believed) that an agency could easily cut the cost of new business. There was a lively exchange of thoughts but there also seemed to be two trains of thought. Hense my post today (February 14th)

I read two topics here – the outreach and focus issue (I agree) and the actual out-of-pocket expenses. So is the agency investment in new business a larger percent of gross sales than that of most companies? I don’t have the statistics; does anyone? Who says it’s expensive? Are we talking about full-time personnel expenses? The prepatory prospecting phases or the pitches? Who says pitches have to be elaborate and costly?

I find agencies often misunderstand what they perceive as the client’s request for spec creative. If it’s specifically requested in the RFP or RFD (Request for Dialogue – our term), then maybe not. But I can’t fault any client for asking for a way both to distinguish one from another or to learn if a candidate was: listening; reading; researching … And I expect an agency to be willing to demonstrate that.

Visiting a website; looking at creative samples and even reading case studies is not sufficient. By example, some of the best agency work shown was often a collaboration between agency and client. Maybe the client volunteered the concept, the headline, much of the copy. The agency did a grand job of execution. If the searching client has no creative skills, then it may be difficult to duplicate that kind of success with that agency.

I expect an agency candidate to be willing and able to “talk” about some concepts, some campaign “themes”, some “what-if’s” to demonstrate they – GOT IT; and were willing to present some value-added to the conversation. In my mind, that’s not spec creative, and if an agency is not willing to do so, they shouldn’t be surprised if they are left at the wayside.

 

Has the definition and role of an “ad agency” changed? A LinkedIn Exchange …

Written by ChuckMeyst2015 on . Posted in Blog Posts, Business Development

Larry Peterson, Director of Client Engagement for JLA Advertising, Atlanta posted the question above on LinkedIn. There was substantial chatter back and forth. Contributors argued the development of new categories, new services, new “descriptions” and questioned whether ad agency was still relevant. The postings continued and I jumped back in after Larry posted this:

I  see where Chuck and Grant are coming from. But, is “Marketing Agency” too broad of a term? We were a creative and code group. Now we are getting asked to recommend Saas solutions to track and measure campaign traction even down to delivering Lead and Demand Gen to a CRM. Based on all the great input here: I think the question might be: Will the ad or marketing firm model be split between digitally accountable functional/tactical firms vs brand development/management firms vs PR and Social firms.

Chuck replied: Larry, I suggest the definition (i.e. – marketing agency) has more to do with how the firm does new business than anything else. If the firm has a strong, definitive “outreach” program using e-mail, direct mail, speech-making, active social media involvement and telephone calls to selected prospects, then message content can include whatever story and/or description the firm chooses. Without such an ongoing, assertive new business effort (which by the way, the majority of marketing firms do not have), then the firm needs inbound sources. That means far more than website keywords or page titles. Those firms need some service like AgencyFinder that employs high visibility and outreach to hook clients of all kind and size; then vector them in to appropriate database candidates that can call themselves whatever they like, finding them based on intended budget, vertical market experience, services offered, size, capitalized billings, location, etc.
 
As I suggested in an earlier post, who is going to take on the challenge and cost to educate clients to whatever new name or description we all favor? In all my years advocating, teaching and delivering various new business techniques to “agencies”, I have learned that most agency personnel are “artists” at heart and aren’t happy with the rejection that is part and parcel of the selling process. To my assertion – call yourself whatever you like, but choose your new business process carefully!

Now I ask you (Dear Reader), How do you see it?

San Francisco Advertising Agencies; Like to Work There?

Written by ChuckMeyst2015 on . Posted in Blog Posts

It’s a beautiful city by the Bay and a great place to live. We called it our home for 3 years. We lived in Lafayette on “Upper Happy Valley Drive.” How’s that for a campy name?

If you’d like to live and work at an agency in the San Francisco area, check out some of them in our Advertising Agency Directory. Navigate and click on San Francisco advertising agencies on the first page  and then check out the essays at individual agencies you find there. Make a note of the “ID Number” (03-1019223-XXX) of your favorites; then give us a call at 804-346-1812 to learn their identity. If it’s the West Coast you’re interested in, try Los Angeles advertising agencies or Seattle advertising agencies. Have fun!

 

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