If you’re getting ready to search for a new agency, you may quickly find out agencies are likely being as choosy about the clients they pitch, as you want to be about choosing them. And if they’re not feeling the love early on in your process, you may find yourself being turned down.
Don’t get me wrong. Most agencies still want to grow by winning new business and would welcome the opportunity to share their credentials and talk about your business. But when clients get demanding about how much and what they want to see, or unreasonable about timelines, then things become more complicated.
Since the pandemic began, agencies have had to make some tough calls. Delayed payments, canceled projects, remote working, increased workload, and unprecedented resource retention challenges have all combined to make agencies far more wary about putting more pressure on their teams and their own financial resources.
So, what should you do if you’re about to search for a new agency? Well, here are a few things to bear in mind:
Be clear about why you’re doing a search
You’d be surprised by how many marketers we meet struggle with clear reasons as to why they’re looking for a new agency.
We hear everything from “we don’t like our (insert function here) on our business…” to “too expensive” to “we just want a change” – or (worse) – “we just want to see what’s out there”. The question about why you want a new agency is crucial because you have to establish if your issue may actually be fixable – thereby saving you the trouble of a search in the first place. Equally, a clear definition of why you want to start an agency search inevitably leads to a more focused and concise set of criteria when you meet prospective agencies.
Get the set-up right
In addition to doing your homework on yourself and preparing for the process, it’s important to help agencies know what the process looks like ahead of time. This means:
- Sketching out a high-level timetable so agencies can work out if they can accommodate the pitch
- Providing a high-level view of your intended asks – i.e. whether spec work or travel will be required
- Detailing what constitutes a conflict so agencies can rule themselves out if needed
- The approximate size, scope and value of the business up for review so agencies can make a judgement call on whether or not this is the right fit for them
Avoid the cattle call
With so many agencies providing individual or combined services, it can be difficult to identify and narrow down the best agencies to add to your search list – compounded if there’s internal or political pressure to include agencies that you feel shouldn’t be on your list in the first place.
Thorough preparation, a robust stakeholder interview process, and a little homework can help define not only which agencies might be a great fit – but which agencies wouldn’t be – either because of conflict or some other incompatibility with your business. As a general rule of thumb, if you’re starting with more than eight agencies on your long-list, you need to do more homework and save yourself – and the agencies you’re talking to – wasted time and effort.
Be reasonable about your ask
Nobody should be a fan of asking questions just to tick boxes – so it’s always a puzzle when marketing or procurement teams ask dozens (sometimes hundreds – yes – hundreds!) of questions that are superfluous to the task at hand. The faster you can get to a dialogue about your business, with smart, well considered questions, the more likely you are to determine how well-equipped agencies are to help manage your business.
Deal with spec work properly
Contrary to what might be shouted from the proverbial peanut gallery, spec work isn’t a complete no-no and the decision to request or not is up to you – not those throwing peanuts. If you ultimately decide spec work is critical for you, the key is to deal with your request properly and in our view, this means:
- Limit your ask to understand how the agency might approach your challenge – not boil the ocean
- Pay for spec work properly – whether strategy, creative, digital, media or anything else
- Clearly define how you’ll evaluate the work including how you’ll manage a tie-break
- Put in the time to collaborate and work with agencies to discuss the work (not just evaluate it)
Agencies are pretty good at being their own watchdogs and if they have an issue with your ask, be prepared to be turned down.
Get clear about price versus value
With some procurement teams being less familiar with service-based sourcing and/or not being synced with marketing team counterparts, some procurement driven RFPs have an over-reliance on financial metrics. Evaluation then focuses on price rather than value and otherwise perfectly suited agencies become eliminated for the wrong reasons.
Whether you’re working with procurement or going it alone, define what constitutes best value for your business beyond price. If you’re looking for a ‘lowest price wins…‘ solution, you may find yourself with a choice of none.
Define your evaluation criteria
How you ensure your team evaluates agencies consistently and correctly is critical to an effective search. I’ve written before on the development of agency scorecards, but whatever approach you choose – make sure it’s not just about adding up a score. No score can give you a perspective on chemistry and whether the agency is a real fit for your needs.
Evaluating agencies on the functional aspects of their submissions or presentations can only take you so far, but defining what constitutes real value and assessing fit with your organisation can be far more complex – so take time to ensure everyone on your team understands how agencies need to be evaluated and that evaluation criteria are shared with agencies.
Most of all… agencies who participate in a pitch process typically put their collective hearts and souls into creating the best possible submissions they can. They’ll likely be working late evenings and giving up weekends to make sure they get the best possible shot at winning your business. So, try to:
- Be reasonable about turnaround times
- Answer questions within the prescribed time period
- Turn your phone off during the pitch – even when pitching online
- Be generous when things go sideways (and they do…)
- Provide feedback when agencies have been unsuccessful in their submissions
High profile brands or clients with big budgets can be an overwhelmingly tempting reason to pitch. But at the end of the day, everyone needs to make a fair profit to make all the effort worthwhile. If you’re not prepared to be prepared to be reasonable in your asks, you should be prepared to be disappointed.
TrinityP3’s comprehensive Search & Selection process provides extensive market knowledge, tightly defined process and detailed evaluation and assessment. Learn more here