|
Return to Part 1
Part 2
4. How do you go about an agency search?
5. What can I do to get the best advertising
from my agency?
6. How do I evaluate results?
7. How do I determine a budget?
Part 3
8. Who is Fred Riger?
9. Who is Riger Advertising these days?
10. What is Rigers definition
of "Effective?"
11. What makes Riger tick?
12. How is my account team structured?
13. How do you charge for your services?
14. Where do I start?
4. How do you go about an agency search?
The first step is to decide what it is you hope to accomplish
with the agency. Clearly stating your objectives in writing
is a good way to bring focus to your thinking. And, it creates
a "scorecard" on which you may wish to evaluate
prospective agencies. For more on the important subject of
the agency search, we recommend "How to Conduct an Agency
Search," another in the AAAAs "A Clients
Guide to
" series of booklets. Call us for a free
copy.
5. What can I do to get the best advertising
from my agency?
Here are a few of the keys to getting the most from your
agency:
- Set high standards
- Set goals based on a broad internal understanding
of what your marketing is designed to accomplish
- Communicate, communicate, communicate
- Have as few approval levels as possible
- Recognize that when you work as a team
with your agency, your agency will like
to work with
youand it will show in your advertising
- Have highly skilled people on your side
of the table
See also, "Ideal Client Profile." For a copy, call
Riger at
607-723-7441.
6. How do I evaluate results?
Advertising effectiveness can be measured using quantitative
and/or qualitative techniques. The way you go about it depends
on what you are trying to measure. Are you interested in building
broad awareness for your brand? Do you need sales leads for
your reps? Are you in a direct sale mode where you need to
make the phone ring? Determining what you want to do will
shape the way you go about evaluating effectiveness of your
marketing efforts. Once you know that, it may be a matter
of analyzing the number and types of leads youre getting
from your ad program. Or, you may want to "take the markets
temperature" using brand awareness surveys to evaluate
your brand recognition. Anecdotal evidence is another way
to measure success. Are your salespeople finding that their
reputation precedes them? Do customers know your company and
what product they are selling before they arrive on their
doorstep? If so, your advertising is probably hitting the
target.
One of an agency's roles is to help you form realistic and
appropriate measures of effectiveness. Remember how the Internet
brought a whole new set of metrics into play? Suddenly, companies
could get instant feedback on which banner ad was driving
the most people to click through to their website. While it
may have appeared to be the holy grail in evaluating advertising
effectiveness, it turned out not to be so. Click-through can
be one way of measuring effectiveness, but it is only one
way. Companies as large as P&G now look at not just click-throughs,
but at branding and the power of the Web to help make or break
a companys imagethe measure of a company being
in the eyes of the beholder.
By helping to bring a proper perspective to your marketing
strategies, means and goals, Riger will work with you to formulate
truly useful measures of effectiveness and marketing success.
7. How do I determine a budget?
Historical spending is one way to set an ad budget, but not
the best. Percent-of-sales is another approach, but should
be guided by factors like company size and product stage (maturity).
Another methodthe one we usually advocateis the
"task to be accomplished" approach whereby a list
of goals drives a list of strategies which in turn drives
a list of tactics or tasks. Each task is then assigned a cost
and the sum is a budget.
Consult your industrys trade association for guidelines,
or ask us. Through the American Association of Advertising
Agencies (AAAA), we can track down the historical spending
levels of businesses in just about any industry on the planet.
Return to Part 1
Continue to Part 3
-- TOP -- Advertising
Home -- Knowledge Base Home
--
|