Thursday, April 19, 2012

» Execute On Client Expectations To Consistently Create Ad Agency New Business

Execute well for growth

by Dave Currie

Jason Fried and David Heinemeier Hansson, authors of REWORK, write: "The original pitch idea is such a small part of business that it's almost negligible. The real question is how you execute."

How you execute your business is critical to new business.

Think about it: How successful will your new business machine be if you have an account management team that continually fails to meet client expectations? If they're missing deadlines, promising one thing and delivering another, dealing with situations poorly, or communicating …

» Read on...

Thursday, December 09, 2010

» New Business Prospecting Without the Cocktail Umbrella

It takes hard work

by Dave Currie

Many new business programs start getting sluggish during the hight of the holidays. Prospecting for new business can feel pretty unappealing, and as the allure of celebrations start and the clock moves towards 5:00 pm. It's pretty easy to start thinking about office parties, and sipping a cocktail (perhaps one with an umbrella).

Unfortunately, working less on ad agency new business will not yield more new clients. Nor will it get help you become a more effective new business person.

As Malcom Gladwell discusses …

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Wednesday, December 08, 2010

» Determine The Health of Your Internal Prospecting Database

Size doesn't matter

by Dave Currie

Some ad agency CEOs would rather not spend money on a new business prospecting database. So it's not surprising that the decision to do so (or not) often comes down to a choice: spend money on an external resource or use an internally-developed and maintained database.

Before making this decision, though, it's important to consider the health of your internal database. Why? Two reasons:

  1. You might be spending more money building and maintaining it than it would cost you to subscribe to a superior …

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» Learning From RFP Responses That Don’t Make the Cut

Some clients provide candid feedback

by Dave Currie

Does your ad agency's new business team learn something every time an RFP submission doesn't get you to the next round? Is every RFP better than the one before? Some rejection letters provide insightful feedback that an agency can use to improve future RFP responses and make it to the finals more often.

Here's the second sentence of a rejection letter that I recently read: "Reading through the submitted RFPs compelled our team to hold significant internal conversations surrounding the importance and priority of agency …

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Monday, July 12, 2010

» $75M in New Business Awarded to Ad Agency Members

How your competitors won new business last month that you didn't know about

by Dave Currie

Members of the Marketing Mine community were awarded more than $75M in new business last month that didn't hit the trades, and in most cases you didn't know about.

A few important things you should know. In the past month, more than 570 new corporate marketers and procurement professionals joined the Marketing Mine community.

More importantly for a new business executive or agency owner, in the past 30 days the $75M+ of new business that ran through …

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Monday, April 05, 2010

» Mattel Procurement Head Reveals Inside Perspective

Learn more at the Mirren New Business Conference

by Dave Currie

Mattel ProcurementBrent Hodgins of Mirren recently spoke with David Wilson, Ex-Procurement Head of Mattel, about his upcoming talk at the New Business Conference in NY April 12-14, and based on several conversations that I've had over the past month with clients and staff alike, I thought I'd share this post of Brent's with you for a deeper insight into the mysterious world of procurement.

MIRREN: What are the …

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Thursday, March 25, 2010

» Your guide for marketing to marketers

Not all CMOs are created equal as targets for ad agency new business

by Dave Currie

Robyn Freye Geary InteractiveAt Catapult New Busness we're always interested perspectives from agencies. The following post is by Robyn Freye of Geary Interactive and provides some solid insight above and beyond Sales 101 to consider when formulating your new business outreach program.

As marketing strategies and tactics have evolved and budgets have diminished, chief marketing officers have grown increasingly accountable for their digital budgets. There aren't any …

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Thursday, March 04, 2010

» Stop The Adness

One agency's ambitious attempt to cure a very sick patient called advertising

by Dave Currie

Stop The AdnessThe following pledge (Stop The Adness) from Carton Donofrio Partners raises some interesting points about the current state of advertising - take a look at www.stoptheadness.org

"AN OPEN PLEDGE FROM PEOPLE WHO ADVERTISE STUFF TO PEOPLE WHO BUY STUFF", Carton Donofrio Partners

Doctors have the Hippocratic Oath, REALTORS® take the REALTORS Pledge and heck, even lawyers …

» Read on...

Friday, January 22, 2010

» Direct Mail Back for Ad Agency Lead Generation?

New Business Intel Blog Raises Interesting Question

by Dave Currie

Direct Mail ad agency new businessReading New Business Intel this week, Todd Knutson raised an interesting point about the role of direct mail in this digital age for new business. I'm sharing his post below, and I'd have to agree that given the right circumstances, a highly targeted and relevant message, traditional direct mail can be highly effective as a part of a larger communications / …

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Thursday, December 17, 2009

» Ad Agency New Business De-Jargonator

Getting your point across without sounding like a CIA agent

by Dave Currie

Just in time for the holidays, and as you craft out your witty, insightful, results driven prospecting emails for 2010 comes the De-Jargonator.

We're all guilty of it in new business... using jargon to fit the conditioned mould around our peers and prospects alike. I found this in my inbox this morning and thought that the creators at Methodologie were onto something. 
 
Corporate communicators want engagement. Marketing communicators want to stand out from the competition. Neither will get what they want if their …

» Read on...

Tuesday, December 01, 2009

» Got a new business dog that can bark?

Taking the torch from the introvert and handing it to a rainmaker.

by Dave Currie

Chain Link New BusinessI’ve posted plenty of thoughts around the ongoing new business challenges that agencies face, but there is none more frustrating to hear each day than the one that is so simple to identify and ultimately to solve – ‘right fitting’ people for positions.

Agencies spend tens of thousands of dollars with recruiters and placement services to find new creative directors, copy writers and account directors. They spend hours upon hours scrutinizing …

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Friday, November 20, 2009

» New business feast (or famine)?

5 Tips to get a full serving of new business this holiday period.

by Dave Currie

New business feastI just got off my third call of the day where an agency principle stated that they’ve stopped all of their new business prospecting for the year because of the holidays. I beg your pardon?

Catapult’s clients and account teams know firsthand that this is one of the best periods of the year to be prospecting –

“What’s that? Oh you need to spend the remainder of …

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Tuesday, November 17, 2009

» Cabbie, Take Me to the Digital Age

Jim Smith of Ground Zero takes us for a ride

by Dave Currie

CabbieJim Smith, Chairman/Chief Cook & Bottlewasher of Ground Zero Advertising wrote a great Adweek article about navigating and advertising in this brave new digital age. He brings up some valid points that you can apply to both your clients, and future new business pitches. Enjoy.
 
Landing at JFK this week, I hopped into a spanking clean taxi, courtesy of that nice Mr. …

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Monday, November 16, 2009

» The Perils of Outsourcing New Business

Six points to consider when outsourcing ad agency new business

by Dave Currie

OutsourcingIt's sometimes hard enough to lead new business directors who work a few feet away, let alone outsourced contractors with a different end game and who are in many cases hundreds, if not thousands of miles away. Such is the experience of a distraught agency owner who contacted me last week.

This agency owner had just terminated a contract with another outsourced new business agency after just six weeks and needed our help.

Why?

 “They …

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Thursday, November 12, 2009

» The Unusual Suspects: One Agency’s New Business Parade and Scorecard

Agency new business scorecard

by Dave Currie

I see my fair share of new business teams, both the good and one's that provide an opportunity for improvement… most days. So you can imagine my pleasant surprise when I sat in on a talk titled "The Good, the Bad, and the Ugly: How PJA Built a Three-Year Winning Streak (in Good Times and Bad)." at the Mirren New Business Conference back in April.

What I loved about their speech was the fact that they knew exactly who they were, …

» Read on...