Fear
and Loathing When Hiring a Marketing Agency: Information You
Need To Know To Make A Wise Decision
We at DeWinter Communications, Inc. are
known for being a bunch of straight shooters, and we call it
like we see it. We
are creative
and resourceful. But we’re also solid Midwesterners, and we
sometimes have to roll our eyes at the things agencies say just
to get your business.
So here -- for the record -- are some of the
claims we have heard over the years, and our perspective on what
it all really means.
Hopefully, these insights
will help you wade through the “marketing speak,” assess
what’s
right and true, and make a good decision on which agency truly is best
for your company.
Claim No. 1: “We will
get you great press because we personally know the media.”
This one really makes us sigh. You
see, Courtney DeWinter, the company president, has a journalism
degree and has
worked as a reporter, staff
editor, and managing editor. Simply put, this claim is bunk. Why?
No reporter out there will cover a story just because they know the
PR person. Their reputation is on the line every time a story appears
with their name on it. The only thing that might happen is that a
reporter might actually take your call, or return your call because
they know you. They will NOT write a story out of personal friendship.
Furthermore, reporters usually are assigned to “beats,” or
specific topic areas. You have your real estate reporters. Your finance
reporters. Your political correspondents, and so on. And while there
are plenty of reporters and editors who cover the same topic area
for years, there are just as many who change beats frequently and
even change publications. So as marketing folks are claiming they
know a reporter in your industry or topic area, it’s quite possible
that that media contact person has just been transferred to a new
beat.
The Question(s) To Ask: When was the last time a
reporter wrote a story for you out of personal friendship? And how
often do you
re-verify your media lists to account for changes in staff and beats?
Claim No. 2: “The agency
principal really knows your industry.”
Guess
what? Unless you can afford to pay the $200/$250-per-hour rates (or
more) of the agency principal at a traditional marketing or PR
agency, your work will be funneled to a more affordable account executive.
The smaller your budget, the more junior-level the person who will
be assigned to handle the work.
The Question(s) To Ask: Who will really be doing the work on my account
on a daily basis? And how many years of experience do they have?
Claim No. 3: “We can
do this job for you.”
No question, there are plenty of agencies with top-level expertise
and a depth of experience. And there are just as many more “consultants” who
don’t have experience in the work they are planning to do
for you. So here’s our question: how can a consultant do a
quality job of directing a project if they don’t have any
experience in that particular area? You would be surprised how many “consultants” take
on the work for which they have no experience, imply that they can
and will do the work, and then subcontract the work out to someone
you will never see, meet, or know about. (And then they mark it
up, to boot.)
The Question(s) To Ask: Do you actually have experience in this? Please
give me some examples and references. And will you actually be the
person doing this work? If not, who will actually be doing the work
for us?
Claim No. 4: “This won’t
cost much at all.”
The typical scenario we see happening is that agencies hungry for
work (to feed all that overhead of big offices and full-time staffs)
will offer you a really low price for a job, just to get you in
the door. But remember this: if it sounds to good to be true, it
usually is. And if they are going to charge below market rate for
a specific job, it’s because they really need the work NOW
and they intend to make it up over time. That first low-cost job
is what we call a “loss-leader.” They are willing to
lose money on the job to get the business long-term, and eventually,
the money they lost will be billed back to you on other jobs. Alas,
nothing in this life is free.
The Question(s) To Ask: What’s the billing rate
for this project? And what would the billing rate be for future
projects?
How can you
afford to bill this project at 50% lower prices than the other bidders?
Claim No. 5: “We have
special software that will make it really cheap to work with us.”
Ha! We love this one. The bottom line is that good marketing and
public relations are part science, part experience, and part intuition.
There’s no software in the world that will do all this. The
only way this claim really holds any water is when a marketing company
buys some software that integrates tasks like media list building,
and media distribution. But again, the real art and strategy comes
with how to craft a story, NOT building media lists and distributing
press releases. And guess what? The premier software for media lists
and distribution costs $10,000 per year, with a “cheaper” version
with less functionality that costs $7,000 a year. You will be absorbing
those costs; the question is how much of that will you be absorbing?
Sometimes it is a better deal to just build the lists and send out
releases as you need to do so. Again, nothing in this life is free,
and no agency out there is going to buy software for $10,000 and not
bill you for it.
The Question(s) To Ask: What specifically is this special
software? What does it do? Is it off-the-shelf software or a custom
application?
What’s the real value of this software and how will it lower
the budget?
Well, that’s it for now. We’ve
probably made a few people mad by pulling the lid off these claims
and shining the light of day
on them. But that’s ok. We personally don’t think the
business model of the traditional marketing agency serves anyone except
the agency principals. It certainly doesn’t serve their client
companies, especially in these economically challenged times when
every dollar counts.
If you like our straight shooting here, then
give us a call. At a minimum, you’ll probably walk away refreshed
at such plain speaking. |