Vol 6, No. 10
October 2, 2007

Hello,

Reading time: something around 2 minutes.

Ah, the excuses.
We're too small for bigger accounts. . . we can't get good clients to come to a city our size…we don't have time to prepare better or rehearse. . .
Below you'll find a brief summary of an interesting survey about how clients decide about choosing a new agency. Read it and you'll have plenty to talk about at your next new business committee meeting.

All the best,

Joe Grant
joe@joegrantconsulting.com

P.S. Our focus is about keeping your clients happy and running your agency right so it's a profitable and satisfying endeavor. Find out more about what we do at our website www.joegrantconsulting.com.


Size Matters?

We're not a big fan of "studies" here because there's too much possibility for subconscious manipulation of the methodology or analysis in favor of a particular point of view, usually that of the research sponsor. But whether you agree or disagree with the findings in some report isn't the point - what's significant are the important conversations that occur when you discuss it.

So in that spirit - that you and your key people, especially those working on new business pitches will have something provocative to talk about -we're sharing a report one of our friends recently brought to our attention: Rainmaker Consulting's "Intelligent New Business Survey" which examines how US marketing communications agencies can best engage with prospective clients to win new business. Here are some highlights and a few comments.
  • In general, clients don't feel that size matters. But agencies tend to believe it does. Surprised? Success is about what you believe and can prove you can do. Sales trainers will tell you that sealing the deal hinges on the transfer of feeling from the pitcher to the buyer. Your competence and enthusiasm has to infect the prospect. Too often agencies are burdened by a corporate inferiority complex, usually coming right from the top, which self-limits growth. To paraphrase a vernacular punch line, it's not the size of your agency - it's what you do with it.
  • Geographic location is not an issue. But many agencies think it is. Over the years we've heard owners say, "Big clients don't want an agency in a small town like [St. Louis, Denver, Charlotte, Phoenix, Miami, and yes, many smaller cities]." The point is we're-in-too-small-a-town is another myth. Put a sign up in your main conference room that says Clients Will Hire Any Agency That Can Solve Their Problems. Which brings us to…
  • Most clients want to buy actual solutions to business problems. Of course. Except most agencies think the client is looking for advertising, PR, design or some other silo-fit. Don't forget that selling is producing something and hoping someone will buy it; and marketing is finding out what people need and only THEN creating something to fill those needs. Perhaps you recall the story of the hardware store customer who told the clerk he needed to buy a hole. The savvy sales assistant immediately took him to the drill bit aisle where he sold him a solution.
  • 85% of surveyed clients say agencies don't prepare enough. This should hit you right between the eyes. Football teams practice, orchestras rehearse, and what do we do? We run out the door clutching creative we've seen only 15 minutes before expecting the client will be thrilled to sign up. All truly great organizations are highly disciplined - and we certainly need more of that in our field. Set standards for preparation and precision at your agency. Seat-of-the-pants guys rarely win these days.
  • Clients want agencies to be far more proactive but some agencies, well, they like to sit in the bunker and hope clients don't call. It's true. We've had agency leaders tell us, including some CEOs, that they consider clients a nuisance. If you feel that way, find a job outside the service industry.
Well, I hope this quick summary of the Rainmaker study gets your blood going. A suggestion: have your folks read it, especially those charged with marketing your agency to prospective as well as incumbent clients, then have a bare-knuckled discussion about the findings.

Whether or not you agree with the study's conclusions, do a little navel gazing. You may be surprised to discover your own attitudes. . . and how they may be affecting your approach to getting the share of the pie you think you deserve.

The .pdf of the complete report - it's only 8 pages and easy to read - is at the Intelligent New Business Survey - 2007 (PDF).




Wordy
Words relate your ideas to others. That's why it's imperative to know shades of meaning and how one word connects to another. . . which you can explore in this graphic tool .It's a lot of fun. Check out Visuwords on-line graphical dictionary www.visuwords.com
Hello, World
How can you be good at what you do if you're not aware of the world around you? If you think you remember the countries and capitols you learned in middle school, spend a few minutes at Know Your World. Great for your kids, too.
Buzz Buzz
Here's a list of the top 100 marketing buzzwords - make sure you use them often so you can bore your customers, clients, and colleagues. We picked them up at SEO-space.
Dial a Human
Print this list. It will save you time and frustration next time you're caught in voicemail hell. Keep it handy and make sure you have a copy at home. It's importance will be obvious.
Great Lovers, Inc.
Marketing, branding, advertising - what's the difference? This little pictogram gives you the answer in terms we all can understand. See it on the Quick Sprout blog here
Got a Problem?
For most of us what we do all day long is solve problems, right? That's why you'll find this resource helpful. Called The Art of Complex Problem Solving, it's available here.
Desktop Wars
Time for a little amusement. Just imagine what would happen if all those icons on your desktop got mad at each other and started fighting. Crazy as it sounds, that's what you'll see when you click here.

About Grant Consulting

Grant Consulting, formed in 1992 by Joe Grant, is a consultative resource for advertising agency principals who want to improve their agencies. The firm works on a highly selective basis with agency senior managers to help them discover and then reach their full potential. Copyright 2007 Grant Consulting Associates, Inc. All rights reserved. We encourage sharing in whole or in part if copyright and attribution are included. Contact us at:

Grant Consulting
239.394.8220
joe@joegrantconsulting.com
www.joegrantconsulting.com

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