Fueling Ad Agency New Business
If you want to win pitches for new business I would encourage you to be a constant student of public speaking. This week my resource is a bit dated but can be just as helpful. I’d like to go back in time to the 1930’s, “Monroe’s motivated sequence,” is a technique for organizing persuasive speeches that is still in use today. It was developed by Alan H. Monroe at Purdue University.
Shift Your Ad Agency’s Thinking to Stimulate Creativity, Spur Innovation and Create Enthusiasm for New Business. A lot of small to midsize ad agencies have chosen to take shelter during the recession, but that strategy doesn’t provide any creative stimulation for ad agency new business. Perhaps the better strategy would be to dramatically shift your agency’s thinking, spur innovation and enthusiasm by setting some challenging new business goals.
There is a paradigm shift in how new business is being acquired for small to mid-size ad agencies. Innovation and creativity are important elements for any small to midsize ad agency. They are also critical for ad agency new business. They can set your agency apart from the pack.
The following is a treasure trove of information that you will want to have handy as you discuss social media with your agency’s clients and prospective clients. Danny Brown, co-founder and partner at Bonsai Interactive, pulled together this great resource that you will want to bookmark and have as a handy resource.
Relevant and valuable content will attract a clearly defined and understood target audience.
Content marketing is an overarching term that involves the creation and sharing of content for the purpose of engaging your prospective clients. Educating your potential clients results in building your agency’s brand awareness and recognition as a thought leader and industry expert. The primary objective is lead generation for new business opportunities.
An ad agency’s new business pipeline isn’t something you can just turn on and off. It needs to continually flow, constantly generating leads.
Small-to midsize ad agencies tend to constantly promote how they are alike rather than how they are different from other agencies. They tend to look and sound just the same. It’s time to unlevel the playing field. To have success with social media, agencies need to fly a differentiated social media flag.
Every agency needs a “new business war room”, a place within your building that is organized for and focused on nothing but new business.Every agency needs a “new business war room”, a place within your building that is organized for and focused on nothing but new business.
Out of a a group of 53 ad agencies, Murdoch Marketing’s blog, We Think. We Can. Blog., was selected as Fuel Lines’s Blog of the Month for June capturing 40% of the votes casts. Ad agencies all need an integrated social media strategy if they are ever going to see the payoff from their participation in social media. An agency blog should be the central component. The place you can drive targeted online traffic through SEO, Twitter, email newsletters, Facebook and LinkedIn.
Your agency’s new business program must be sustainable at the times when your agency is at its busiest. Too often new business development is put on the back burner until existing business decreases and a downturn begins. That creates a roller coaster effect on your agency’s pipeline of prospects which impacts agency income and causes you to accept the wrong type of client, from the wrong pool of prospects who do not fit your agency’s strengths and core competencies.
Michael Gass, Business Development Consultant | Speaker | Author of Fuel Lines
Fuel Lines provides new business resources for Advertising, Digital, Media and PR Agencies.
It has been rated among the top 100 marketing blogs in the world, according to Ad Age’s Power 150.
Since 2007, Michael has helped pioneer the use of social media, inbound and content marketing strategies specifically for agency new business.
Read more about Michael
An essential component to your agency's new business program is a prospective client data base.
In my opinion one of the most accurate online database of marketing and advertising decision makers is Winmo. I highly recommend them.
I'm Michael Gass, I'm an author, speaker and a new business consultant to advertising, digital, media and PR agencies.
Since 2007, I have helped pioneer the use of social media, inbound and content marketing strategies specifically for agency new business.
Fuel Lines is my social media 'home-base. It has been ranked among the top 100 marketing blogs in the world, according to Advertising Age’s, The Power 150.
Learn more about me