Maslow’s Hierarchy and agency new business prospecting implications

In the agency business, there’s a lot of truth to the saying “the inventory goes down the elevator every night.” (This quote is most often linked to legendary ad man Fairfax Cone.). This could be applied to your ad agency new business prospecting efforts.

Which is why this recent Fast Company article got my attention. It explores Maslow’s Hierarchy of Needs and a company’s human resources function. The story articulates different levels of staff happiness. It’s a pretty smart article that can give you a thought or two on how to retain staff and create happier employees at your agency. There are, of course, several ad agency new business prospecting implications. Here are just two:

People are the core of any agency new business prospecting plan

As we all know, there are many tactics out there used to drum up new business meetings with prospects. What many current plans lack, though, is an emphasis on increasing referrals and deepening relationships with people outside your agency.

One of the things that struck me about the Fast Company article is that smarter companies understand their people are human beings. They have lives outside work. Things that are, actually, a whole lot more important than working (gasp!). While you can look at the article through an HR lens, I wonder if there isn’t value to looking at the article through a prospecting lens.

New business prospecting is not just one person’s job

This should be a head nod for you. But when you think about how your agency can eventually become a self-actualized one, creating – “an intense and magical chemistry that blurs the lines between home and work” – understand the very real benefits and implications of this thought. Implication: involve the entire agency in the prospecting effort. Benefit: more pitches. Typically, pitches that come in over the transom as a result of referrals and marketplace changes.

Again, these are just thought-starters. Check out the story, as well as another one from Fast Company on brand loyalty. It’s written by the same guy, Chuck Runyon. He’s the CEO of Anytime Fitness and knows a thing or two about energizing people – both staffers and customers.

Happy thinking.

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Some related posts:

How to use happy clients in your new business efforts

The HR function and your new business efforts

Improve new business development with a brag file

Big agency new business experience and your career

Why new business should be a part of anyone’s career 

Pitch Predictor: Casual Male / DestinationXL

Hello, agency new business development fan! Did you know that Casual Male Retail Group got a new CMO? Find the story here. The new professional looks to be responsible for helping transform the Casual Male brand into the DestinationXL label.

As Americans get fatter, this makes a lot of sense. Just sayin’. Should you be wishing for a brand backgrounder to help you identify company, brand and decision-maker intel that can help shape your pitch, feel free to contact Thunderclap. Only one will be made available. Thanks! And, pass the potats.

Job Opening: Agency New Business Development Leader

Yours truly has been retained to help a 25-person Chicago-based digital, direct and data agency find a new business leader. The agency is looking to continue their record-breaking success. This is a very good job at a firm I have admired for years.

Summary
Simply put, the agency needs your expertise to help them get more new business opportunities. And then, help them win. Taking a strategic, consultative selling approach, this leader will focus on developing relationships and creating agency awareness with prospective clients, consultants and others outside the agency.

You will also own and drive the agency’s overall marketing effort, lending your expertise to agency positioning tweaks (and related materials), intellectual property, and industry thought leadership.

A new position within recent years, the ideal professional will combine social media and digital demand generation abilities with classic professional service marketing chops to help the agency attract terrific clients.

The agency offers a very solid compensation package, a budget, administrative support and a few untapped strengths to help you make an impact…and a difference.

“Fit” is crucial to the agency – we’re looking for someone with charisma, creativity and verve that is enjoyable to be around and will be a great, inspirational addition to the agency’s smart, hardworking team.

Desired Skills & Experience

  • Bachelor’s preferably in business or related field
  • 7+years of combined marketing/account/development experience with demonstrated direct, digital, database experience and 5+years in a progressive client-facing business development role within the marketing communications industry
  • Familiarity with the agency business development cycle process; must understand all phases from inbound inquiries to outbound presentations and managing an opportunity until a scope of work is signed
  • Strategic understanding of direct, digital and database marketing, mobile marketing technology & trends,  and an ability to translate that understanding to client business challenges
  • Must have experience and be fluent in digital (e.g. search, email, etc.), crm (e.g. Salesforce.com) and social (e.g. LinkedIn, Facebook, Twitter, etc.)
  • Excellent interpersonal, presentation, listening and writing skills
  • Track record of building strong internal and external working relationships

We only respond to  applicants who possess the experience and qualifications that closely match the requirements of the above position.

Reports to: President

Compensation
Strong base, plus inventive

About the agency
I like these guys. The strategy and creative work is good: purposeful, smart and results-oriented. This is a nimble, independent, relationship-based agency that has been around for 30 years. They keep clients and staff well above industry averages. They’re built on a foundation of behavioral marketing and relevant, personalized communications that generate customer engagement, interactions and measurable results. They work with both consumer and business-to-business clients in range of industries.

Should you wish to learn more, please contact Thunderclap at your soonest convenience. Happy to provide a more detailed description. Thanks.

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Improve ad agency new business development with a brag file

Hey there, Daddyo! Thanks for stopping by. I spoke with another agency new business development guru the other day and she reminded me to write a few hundred words on the value of having a brag file. Both for yourself and for your agency.

In the continuing effort to be helpful, I thought there might be some value in sharing a couple of unique and interesting ways to use said file in smart career and business development for your ad agency.

But first, let’s define the term. A “brag file” is a collection of nice things people say about you. A part of your own permanent record. One of my first ones was mumble-something years ago when Dan Fox, Group Account Director at FCB wrote, “Nice job. Really!” on one of my Nielsen reports. It was routed through the Coors account team.

But this is just one example. Letters of recommendation, voice-mails and emails are great things to have thrown in your file.

And nowadays, you have a whole new source of things to add to the pile: tweets, LinkedIN recommendations, blog post comments and more. Of course, the higher the title from a recognizable source, the better. You could also collect other notable personal achievements.

From a career perspective, here are some more interesting things you might do with these kind of comments and positive juju:

  • Work it into a page and add it when you are asked about references
  • Sprinkle it in a resume
  • Throw them on your LinkedIN profile or on a personal blog
  • Share it with recruiters as you put your materials on file
  • Take a look at it next time you have a crappy day
  • Note why and how you received the accolades and make an adjustment or two

From an agency perspective, we’re really talking about a form of testimonials, right? With a little imagination, all of the above can apply to you. But here are some additional thoughts that might not immediately spring to mind:

  • Use them throughout an RFP response (or to add color to a specific question)
  • Create posters out of the comments and throw those on the walls between stop on an agency tour
  • Make a coffee table book out of them and put it in your lobby
  • Work them in in specific agent pitch videos

Anywho, hope this gets you thinking! Thanks.

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Big agency experience and your career, part three

OK. So, you’ve read a bit about how much big agency experience you should get. Then, you might have pondered what a big agency can throw at a pitch and why this can help you. But you didn’t read about another thing to consider: your function in new business at agencies of this size.

So, here are three typical roles, ordered from least to most valuable in the eyes of senior management. And, well, folks that hire new business professionals. Like yours truly.

Producer
You’re the go-to person. You take the lead on RFP responses, credentials presentations and finals. You develop the pitch schedule, arrange the meetings, research, participate and lead the internal meetings. You have “the football” – the deliverable. It’s part project management, part strategist and part thankless. Being a producer is typically how most people get started in the new business department. Or, they take part in a pitch at their agency. And then, get hooked!

Marketer
You help make the bits & pieces that tell your agency’s story. This list is endless: elevator speech, website, blog, social media, whitepapers, agency thinking, events, partnerships, credentials, etc. Typically, you plan and execute elements of the new business program that last beyond a single pitch. This kinda stuff ultimately increases the number of phone calls your agency earns.

Prospector
Rolodex-grower and relationship builder. You’re working it. One of the proactive faces at the agency that gets the proverbial fish in the boat. These are typically more senior people, capable of having conversations with directors of marketing and CMO-types. This will also include search consultants, a key target for big agencies.

Of course, your mileage may vary. But the above are the basic functions of a new business department of any agency. Not just the bigs. The bigger the agency, the more compartmentalized the functions become. At FCB Chicago, we had a five-person team. Ultimately, it became a boss, a prospector and some marketers/producers. At a 150-person shop, you might have a boss and a producer. At a 50-person place, it’s one professional doing a whole lot of juggling. Lots of variations here.

But ask just about any agency principal, and they’ll say they need more pitches. Which means marketing or prospecting.

So, you career-minded folks…

Your mission, should you chose to accept it, is to be valuable across the functions. Smarties may be paid for producing, for instance, yet contribute to agency marketing…AND build their network. So that over time, your personal network produces leads for your agency. But we digress!

Hope this gives you a perspective. Happy career-ing.

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Oh, almost forgot. A bit on general new business experience and what it can do is here. Now, yours truly has gotta hop. There’s producing, marketing and prospecting to be done.