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marketing management consultants
Advertising Agency Shortlists ������
(The TrinityP3 approach to selecting suitable pitch agencies)
Prepared by TrinityP3 © 2013
marketing management consultants
Defining your Requirements
• With the increased complexity, diversity and convergence of agency offerings it is essential to define a clear set of requirements.
• TrinityP3 has developed a comprehensive checklist of requirements in our four page TrinityP3 Market Search Brief.
• The completion of this brief with the marketer and procurement allows us to cast the net as wide a possible and filter down to the most suitable agencies against the requirements.
marketing management consultants
Filtering the Market
Does not handle conflicting business
Geographical location
Agency size, creative reputation, depth of resource
Experience with similar brands/scope
Preferred core skills, ie B2B, digital, shopper
Category market knowledge/experience
Capacity and desire to pitch
Incumbents
Preferred attributes, ie strategic, collaborative
All Agencies
Key criteria from
client search brief
Shortlist
marketing management consultants
Eliminating the non-compliant
• Based on the broadest requirements TrinityP3 will consider all agencies. In some cases this can amount to hundreds depending on how broad the requirements.
• The filter may also require subsets such as ‘creative with digital’ or creative and digital specialists, media planning and buying or media planning and media buying separately.
• Against each criteria TrinityP3 documents those suitable and those not suitable to make a recommended list and the “John West” list*
Does not handle conflicting business
Geographical location
Agency size, creative reputation, depth of resource
Experience with similar brands/scope
Preferred core skills, ie B2B, digital, shopper
Category market knowledge/experience
Capacity and desire to pitch
Incumbents
Preferred attributes, ie strategic, collaborative
* It is the fish John West rejects that makes John West the BEST.
marketing management consultants
Special Considerations Does not handle conflicting business
Geographical location
Agency size, creative reputation, depth of resource
Experience with similar brands/scope
Preferred core skills, ie B2B, digital shopper
Category market knowledge/experience
Capacity and desire to pitch
Incumbents
Preferred attributes, ie strategic, collaborative
We report all conflicting business in case a marketer still wants to approach
an agency to test their interest
For service, marketers are inclined to want an agency with an office in the same city but increasingly marketers are more interested in best in market
no matter what the location. Big marketing budgets often want to
minimise risk by selecting big agencies. But in some cases a big advertiser may have the need for a
smaller, more nimble operation.
Beyond capabilities there are attributes, culture and characteristics that must to be considered to assist in getting the
chemistry right.
Often within the agency personnel there are resources with recent category
experience, although the agency as a whole does not have this experience.
While agencies generally desire new business, some of the more successful agencies will manage the new business process and not pitch because of lack of capacity or because they do not desire
the particular brand or business.
With many agencies diversifying their skills and capabilities to increase their share of budget, it is important to be
very specific to get it right.
While category experience is always preferred, it is worthwhile thinking broader in regards to the attributes
required as often category experience means they are working with your
competitor.
You should not just consider the incumbent you are going to pitch, but look at all your incumbents, because it could be the capabilities you need are
already in your roster.
marketing management consultants
For assistance selecting your shortlist contact…
TrinityP3 Pty Ltd Sydney
+612 8399 0922 Melbourne
+613 9682 6800 Hong Kong
+852 3589 3095 Singapore
+65 6884 9149
[email protected] www.trinityp3.com
TrinityP3’s liability is limited as per our standard terms and condition as approved by the client prior to the project commencing
@trinityp3 www.trinityp3.com/blog/ TrinityP3 Darren Woolley