Saturday, April 14, 2012

A New Business Pitch: Put The Bubbly On Ice, This One Is A Win!!



By Ernie Arias

Of all activities, New Business pitches are the most exhausting, demanding and strenuous projects in any advertising studio. They can also be the most satisfying and rewarding, especially when the 'cherry on top' is a big WIN. It feels as if you're putting your hands on the most coveted of all trophies after a fierce and long competition.

What a win Represents

Winning a new account or getting more business out of an existing client, it's essentially what our business is about. You don't have to be a genius to realize that a new account will bring financial gains to your company and eventually this translates into securing job spots, the possibility of hiring more talent, new creative challenge that comes with a new product, brand or market and it also opens the door to expand the clientele because of all the good PR that comes with a new business win. It's not a coincidence when an agency wins an account, several others come right after. Simply put, every new business acquisition adds equity to an agency's brand.

Team effort and studio's role

You can certainly compare a new business pitch with a competition because that's exactly what it is. Several agencies competing against each other in a showdown of creativity, marketing and business strategies. The studio is an integral team member in this 'competition' and plays two very important and distinctive roles. The one prior to a presentation and what we do after the agency wins an account.

Let's use this analogy from ancient times to represent the studio roles: Hunters would go out into the wild for days and come back to 'put the meat on the table.' Then you have the people who'd cook and grill this meat to perfection in order to feed the whole tribe. Prior to the hunting campaign there was a team preparing those hunters with proper weapons and some food and water to survive several days out of their shelter. In this analogy the group of people preparing the hunters represent the studios.

Every creative execution, regardless the media in which is going to be presented, goes to the studios for an exhaustive clean-up and meticulous scrutiny before it's produced either as a printed and mounted board or as a video presentation. After a win, the studios are in charge of delivering ads (print and digital), web sites, direct mail, in-store and OOH pieces to vendors and publications. Some people usually call it the 'dirty work,' while I call it the 'Final Touch.' And the quality of this 'final touch' in combination with an excellent creative output and a stellar Account team performance is what allows an agency to get more business from an existing client.

Don't you want to be part of this?

So after knowing all of these interesting facts, don't you want to be part of the team working on the next new business pitch? Well, I do. And I believe every employee should embrace new business as one of the most (or maybe the most) important projects in an agency. New business efforts bring cohesion, strengthen our culture, raise the morale and promote high employee engagement, not to mention of all the good things that come after a win. 

I can hear the Commodore shouting, with his powerful and commanding voice, "Bring the champagne! This is a win! Let's celebrate!!"

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Thanks,
Ernie Arias