HIGH WIDE & HANDSOME on AdAge.com |
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In his most recent article for Advertising Age, our chief creative officer encourages ad agencies to avoid the “bait-and-switch” when pursuing new business. Because new business is often considered the lifeblood of agencies, most shops are addicted to pitching. Like most addictions, it’s an exhausting habit that depletes vital resources like time, money, energy and optimism. But for all the injuries endured, frequent pitching should, at minimum, provide participants with invaluable insight into the agency review process. I’ve had the pleasure—and displeasure—of being actively involved in nearly a hundred pitches. Some were managed by search consultants; others weren’t. Some were protracted engagements; others were abbreviated. Some were focused on creative; others emphasized media. But nearly all shared one thing in common: at some point in the process, the prospective client asked, “Are you just the pitch team, or will you actually be working on our business?” One client was so concerned about the “bait-and-switch” that after our final presentation, the CMO used most of the Q&A session to discuss the exact percentage of time each of us would commit to his business. Later, when we were requested to return for an additional meeting, we were told our president wasn’t welcome unless he intended to spend at least 50-percent of each week working on the account. So what’s an agency to do? After all, isn’t new business too important to entrust to anyone but the most polished presenters? And aren’t the senior managers who possess the showmanship skills too valuable to focus on just one or two accounts? Here are some options: Stick with the bait-and-switch. Of course, now that the jig is up, it’ll take a lot more convincing; but if a client wants 50-percent of senior management’s time, promise them 50-percent of senior management’s time. Then, once the contract is signed, break out the smoke and mirrors: an email here, a conference call there, even the occasional in-person appearance to make it seem like senior management is intimately involved (when, in fact, they’re out courting new clients to whom they’re promising their undivided attention). Obviously overpromising and under-delivering is not the best approach, but it’s likely the course many agencies will continue to choose. Why? Because it’s a proven way to win business. The problem, however, is that it’s also a proven way to lose business. So let’s consider a more radical tack: honesty. If you choose to cast your pitch team with senior managers who won’t be involved in the day-to-day operations of the account, just say so. Don’t apologize for it; explain it. Tell the client that the senior managers set the tone for the agency: they assemble and direct the team assigned to each account; they establish the strategy and expectations and hold every employee accountable. And while they won’t be on every phone call or in every meeting, they will ensure the account is well managed. It’s a common operational structure that most clients will relate to because it mirrors the way many of their companies are organized. Alternatively, and in my opinion, more effectively, you can comprise your pitch team of the people who will actually work on the business. If they aren’t the most experienced presenters in the agency, explain to the client why they’re in the room. Start the meeting by saying “We’re not here to show you how well we can perform in a two-hour presentation, we’re here to show you how thoughtfully we will handle your business for the next ten years. These are the talented, hard-working people who will be dedicated to your account every day. They aren’t a SWAT team, or an ‘A’ Team, or a pitch team…they’re your team.” This approach will not only differentiate you from your competition, it will give your presentation authenticity while engaging more people at your agency in the business development process. Yet another option is to structure your agency in such a way that the senior staff members who pitch the business have the time to work on it if you win. I know of at least one sizeable agency that has successfully implemented this approach; I assume their fees are a bit higher to compensate for more senior staff, but it hasn’t stopped them from winning some highly coveted accounts in the past six months. Our agency’s solution has been a bit simpler: we only take on the number of clients our senior people can personally manage. So far, it’s proven more effective (and more honorable) than baiting and switching—and it’s been an instant remedy for pitch addiction. ![]() |
This entry was posted on Saturday, June 5th, 2010 at 10:09 pm and is filed under articles, press.
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