One thing you can say for ad agencies is they're not quitters. Especially when their largest account goes into review. If they're invited to pitch it - again – there’s no doubt they'll give it everything they've got.
Even when they shouldn't.
We've all been there. First come the rumors of trouble. Then the hushed closed door management meetings. Sometimes, an email goes out letting people who work on the business know. But as a rule, they find out on their own from somewhere else. Like Adweek. Or a friend at another agency pitching the business.
When a sizable account goes into review, agencies predictably knee-jerk into "we can't just let $200 million walk out the door mode."
But sometimes they should.
I understand the economics and the responsibility to try and keep everyone employed. But there comes a time when done is done. The fat lady is singing.
The problem is most agencies don't hear her.
The rank and file, people working on an account day in and day out, have a much finer honed ability to take the client's temperature than management. They know when the ground shifts and something doesn't feel right. They've seen it coming weeks if not months before management. Sometimes they've even sounded a warning.
But when it comes to management hearing about the possibility of losing business, denial ain't just a river.
From a new VP of Marketing to the client's wife not liking the work, there are a million reasons accounts go into review. Agencies always feel if they can just give it one more go, they can really understand the problem and come up with a solution.
And granted, on rare occasions, they can.
But sometimes what the client is looking for most from the agency is to be taken at their word.
Even if that word is goodbye.
Clients, like dogs, smell fear and desperation. And the scent is never stronger than an incumbent agency fighting for business, or begging for the chance to fight for business, at all costs - including its dignity, reputation and morale of its employees.
You know what's worse than losing a piece of business? Trying to rally the troops with false and tired arguments like "it's a level playing field", or "our client is working for us on the inside", then grinding everyone for weeks or months with them knowing full well it's gone regardless of what they do.
I suppose there's an argument to be made it's a few more weeks of work before the first round of layoffs. But like I said, the people bound to be most effected have already seen it coming. They're usually ahead of the curve on calls to headhunters and other agencies (especially ones pitching the business) .
Advertising is a business that rewards imaginative thinking, and punishes realistic thinking when it’s needed most. Pride before a fall.
What agencies should do, especially when business is good and clients are satisfied, is have an ongoing open and transparent new business directive everyone can take ownership in. After all, management isn't the only one in the agency capable of cultivating connections beyond the agency's doors. Leads can come from any department.
And if the lead pans out, you get coffee. Because coffee is for closers.
Wouldn't it be better to spend all the money they'll inevitably pour into a review on new business pursuits throughout the year, so when one account finally does decide to leave the agency isn't crippled by it. Better to have ten $2 million dollar accounts than one $20 million dollar one.
Of course, when an agency does have to fight for a piece of business, it usually brings in a ton of freelancers for a fresh perspective. It's always a good gig, and keeps their bank balance happy for quite a while.
On second thought, just disregard this post.
