What do you want? Those of you that are CMOs, Brand Managers, VPs of Advertising or Marketing, what do you really want? Whenever and wherever this question is asked, the answer is always the same: Results! You want results and you want them now (it’s the same thing you wanted yesterday, and the same thing you’ll want tomorrow).
If you are in the agency business, you should never lose sight of this basic marketing need. If you are in-house and spend your money on advertising and marketing, I hope this helps you think about how to find people who can improve those results faster.
This topic has been on my mind since I got together with a group of marketing professionals earlier this month. We started off talking about how to produce ROI reports for their CFOs and finance counter parts. Ultimately, what everyone really wants to see is results.
How you define results and what value they deliver for your business may vary, but here are some sample measurements based on our discussion:
• Brand health metrics
• Units Sold
• Leads Generated
• Awareness and Recall levels
• ROAS
• E-mail marketing conversion
• Increased Foot Traffic
How can agencies produce results more consistently when results are so varied by each client? Here are six suggestions for ways I think agencies can be prepared to provide a variety of results for a variety of clients and also for the same customer who has evolving needs over a long period of time.
1. Understand your client's business. If you are not as much a management consultant as an ad person, then I think you will fail in the future. Today's marketing and advertising challenges, impact customer service, public relations, product develop & procurement as well as IT, finance and channel relations. Now, they always have, but now that the world is digitized and visibility is possible; the demand to work on more than just demand is higher.
2. Understand customer behavior. One of the things I think Agency can do better than most client-side marketers is getting to know the end customer and the customers along the way. We can and should provide outsider insight into the purchase drivers that lead consumers or businesses to buy from clients. By being involved in the insight business, we can help our customers produce the results they need.
3. Be more social. So much has been said about this over the last 18 months, so I'll share why I think agencies need to become more social. We are in the business of communications and in connecting companies and customers. The landscape has evolved where the cost of distributing messages is virtually zero and the demand for connection is 100%. When demand is this high and the cost is so low, there is an unlimited amount of success you can have for you and your customers if you tap into this skill set.
4. Learn math and how to analyze data. I became a Speech Communications major because it had no math requirement. I bet a lot of people who are in our field did the same thing, I know it. Math has never been a problem for me, I just didn't care to do any more formulas or equations. Then I got into advertising, and as I did Nielsen store data, GRPs, category management, research, coupon redemption and media plans, it became clear that math was going to be a big part of my life. When I started our Integrated Interactive Agency in the 90s it become clear that math, engineering and analysis would be at the center of much of what we would do to help clients. A strong analytics capability and good math people, programmers, engineers and analysts are essential if you are serious about producing results and proving those results.
5. Learn how to produce. Content, code, sounds, event. From branding to social, to broadcast to micro-cast. From visual to technical, and in-home to the 6th screen. A good partner doesn't outsource the doing to sub-contractors, it is no longer acceptable to do the boards, the concept, the design, the plan and then hand it off. In these days and times, buyers expect ongoing interactions and learned messaging overtime. The mediums must be an integrated seamless experience or you will lose sales and revenue for your clients. That is not the result they want.
6. Ask your clients what they need to thrive. So I end with this, what do you need to thrive in your current marketing and advertising role? We are listening……….