The Top 10 Articles of 2011 for Ad Agency New Business

December 29, 2011

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How new business is being acquired for ad agencies is currently undergoing a paradigm shift; instead of pursuing clients, it’s now more important for your prospective clients to find your agency. 

I’m sure that you are well aware of the changing marketing landscape and the need to make fundamental changes to the traditional methods for business development.

  1. Data Explosion - 90% of the world’s data was created in just the past two years. Content marketing has become a key element in building awareness for agencies.
  2. Social Media Eruption - social media is now mainstream and is as a key engagement channel for prospects.
  3. Channel and Device Boom - The growing number of new marketing channels and devices, such as smart phones and tablets, are quickly becoming a priority for reaching prospective clients.
  4. Expanding Markets - Small to midsize agencies have a new window of opportunity to reach a larger market than ever before through new media. There are even international opportunities for agencies.
  5. New business Professionals Struggle - Those who were once good at acquiring new business are finding it to be more complex and changing rapidly. Many are struggling. The interruption type tactics, which were successful in the past, are becoming less and less effective.

Unconventional times call for unconventional methods for ad agency new business.

For those charged with developing a new business program for a small to midsize ad agency, PR firm or digital shop, the following resources are for you. I’ve pulled together a list of the “best of” FUEL LINES agency new business articles based upon analytics of site visitors and their comments. These articles include some of the latest trends, tactics and tips for business development as well as articles that hopefully will give you inspiration.

The Top 10 New Business Articles of 2011:

#1 Steve Jobs: 10 Presentation Tactics for Ad Agency New  Business

#2 Steve Jobs’s 10 Best Quotes for Advertising Agencies

#3 Forbes: 20 Best-Ever Social Media Campaigns

#4 Top 10 Benefits of Social Media for Ad Agency New Business

#5 The Top 14 List of Advertising Agency Networks for New Business

#6 New Roper Study: 9 in 10 CMOs See Value in Content Marketing

#7 2011 Forecast: 100 Global Trends That Will Drive Consumer Behavior

#8 28 Stimulating Digital and Social Media Marketing Quotes

#9 16 of the Top Quotes from Fast Company’s The Future of Advertising

#10 The 10-20-30 Rule for Keynote Presentations for Ad Agency New  Business

Here are some additional new business resources by category:

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Posted by Michael Gass

Ad Agency Compensation: The biggest frustration of CMOs

August 22, 2011

For small to mid-size ad agencies, it’s time to address the cost of creating advertising in terms of time and money. 

All our clients want to know is this – Can your agency solve my  problems quickly and at less cost?

Advertising agencies aren’t changing of their own accord, they are being changed. We’ve seen digital technology bring about fundamental change to the news industry, then the music industry. Now seismic change is being forced upon the advertising industry. 

Ad industry downsized. There are nearly 120,822 advertising and marketing services companies in the US. We have  an over supplied market and receding demand. This is an industry that has already laid off over 160,000 people because of the bloat, the wrong kinds of people and too much inefficiency. Not to mention that we are in the worst economic periods since the great depression and it is far from over.

The same problems that led to he agricultural revolution and the industrial revolution are now plaguing the ad industry in this digital revolution.

John Winsor is currently the CEO of Victors & Spoils, the world’s first creative (ad) agency built on crowd sourcing principles and former VP/Executive Director of Strategy and Innovation at Crispin, Porter + Bogusky. John addressed the future of advertising agency compensation head on in a recent article  written for his blog, John Winsor: Views from the CEO of Victors & Spoils about the future of marketing and product design.

Personally having discussions with dozens of CMOs of Fortune 500 companies John addresses their greatest frustration, the cost of creating advertising – both time and money.  

He writes,

“Businesses act based on the way they are compensated. And, the majority of agencies are compensated by selling their people’s time.  Compensation is based on the number of FTE’s or full-time employees working on a piece of business. In the age of collaboration the FTE model is broken. The fact is that many agencies make more money when they put more people, or say they do, onto a piece of business. Likewise, it’s more profitable to take more time to do something. If a project should take a month there’s no disincentive for most agencies to drag it out longer.

If advertising industry is to thrive in the age of collaboration we must address the root of the problem, the way we are compensated for our work. If we don’t many companies won’t survive the current economic transformation that’s underway.”

John encourages agencies to come together to fix the problem and proactively transform our industry before it is changed without us.

Click on the following link to read John’s article, “Fees, Lies and Advertising”  also follow John on Twitter. John’s books include:

For the latest industry news and resources from all corners of the internet, be sure and check out my new site: Gass On Line: Daily fuel for ad agencies

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Posted by Michael Gass