|
|
Like this article? PLEASE +1 it! |
|
Developing Agency Solutions to Increasingly Complex Marketing Requirements
|
| Guest post by: Darren Woolley |
Article Overview: It was not that long ago that for marketers the right agency solutions were very simple. For most mainstream marketers and advertisers this was a case of appointing a “full service” agency who could handle all aspects of the advertising mix – media and creative above the line and all other services below the line.
![]() |
Free Download - The Important Distinctions Between Relationship, Collaboration and Performance Benchmarking By Darren Woolley |
Developing Agency Solutions to Increasingly Complex Marketing Requirements
It was not
that long ago that for marketers the right agency solutions were very simple.
For most mainstream marketers and advertisers this was a case of appointing a
“full service” agency who could handle all aspects of the advertising mix –
media and creative above the line and all other services below the line.
But marketing
has become much more complex with more media channels than ever before and an
audience that is increasingly more difficult to engage. Along with this complexity
comes even more complex agency solutions.
In fact,
today, one of the most pressing issues for marketers is how to structure the
agency roster. The ideal agency solution delivers the right number and type of
suppliers to deliver the marketing strategy as efficiently and effective as
possible.
Too few
agencies, especially of the specialist technology type, and the quality of the
strategic and implementation outputs are compromised.
Too many
agencies and you are effectively wasting money with the duplication of effort,
increased management resources and the loss of economy of scale.
Looking at
the various agency solutions and the structures that underpin these there are
two extremes available to marketers today and an array of versions in between.
On the one
hand you have the convenience of the single vendor and the other is a “best of
breed” model where the advertiser appoints a specialist agency to deliver each
of their needs.
But no one solution is right for all marketers and
advertisers. The choice of which solution depends on the strategic needs of the
marketer and their brand.
The single
vendor model, while incredibly convenient, is only sustainable for relatively
small marketing budgets or very focused channel strategies, and even then you
will often find that it is difficult to find a single vendor that can provide a
level of expertise across the range of services required without significant
compromise.
Most
advertisers will still split media from creative finding themselves with two
agencies to manage. In the cases where the marketer has a single agency
solution it is because their media spend is invariably small enough not to
warrant a specialist media supplier or their creative / content needs are
insignificant enough, such as adapting overseas content, that the media agency
has the resources to provide this service.
At the other
extreme is the best of breed agency solution where for each of the strategic
communications requirements the marketer appoints one of more agencies to
provide that service based on their level of expertise. While this delivers a
high level of strategic input and creative output the cost is in the level of
resource time required to manage the various relationships and ensure the
alignment of each agency to the brand objectives.
There is an
infinite array of solutions between these extremes and we often see marketers
flip-flopping between the two agency solutions rather than taking a strategic
approach to the ideal model for their needs. Ultimately the ideal solution is
the one that delivers the short to medium term strategic requirements of the
marketing strategy.
Referred by: http://www.meetmikeandmidge.com/?t=mmevcarbio
|
About the Author: Darren Woolley RSS for Darren's articles - Visit Darren's website Darren Woolley started his working life as a scientist at the Royal Children's Hospital Neuropathology Laboratory in Melbourne, Australia, undertaking research in myopathies, neuropathies, Sudden Infant Death Syndrome and Repetitive Strain Injury. He established a chemical recycling company called Resolve before making the transition to advertising in the mid eighties. During his 15 years as a writer and Creative Director, Darren developed brand and business communication strategies for a broad range of organisations. He was Creative Director at J Walter Thompson and President of the Melbourne Art Directors' Club for two consecutive terms. In 2000, Darren founded TrinityP3, Asia Pacific's leading strategic marketing consulting company with an international network of more than 30 industry professionals helping people to achieve commercial purpose through creative process. What that means is he leverages his extensive knowledge of the marketing and advertising industry, to help advertisers achieve maximum value from their budget by providing cost benchmarks, industry best practice knowledge, training and independent third party advice on agency selection and remuneration, media planning and buying, digital, direct and interactive marketing, TV and print production and public relations. Now a decade on, TrinityP3 is at the leading edge of decision making in the marketing and advertising industry that spent over $200 billion in 2009 and their client base includes more than 50 of the world's top 100 advertisers, with offices in Hong Kong, Singapore, Sydney, Melbourne, London and Wellington. With his background as both scientist and Creative Director, Darren brings a unique sense of process combined with creative purpose to his work. He has regularly been named in Australia's AdNews Power 50: The Most Powerful People in Advertising since 2005 and is a regular industry commentator contributing to numerous trade magazines. Click here to visit Darren's website The Important Distinctions Between Relationship Collaboration and Performance Benchmarking Increased Marketing Efficiency Can Be Delivered Through Regular Process Benchmarking Selecting the Top Advertising Agency for your Business Depends on the Metrics you Measure Developing Agency Solutions to Increasingly Complex Marketing Requirements Increasing Marketing Supplier Performance Through Business Strategy Alignment |
Related Forum Posts
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Email Marketing Made Easy #11 - Avoiding Spam
Igniting Your Unstoppable Business Destiny
Life, Conflict and Work
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.



