One question I’m continually asked in regards to what I do is “what makes your agency different?” When I was with Talk + Play, I worked in the communications field (specifically social). There wasn’t a whole lot of branding (other than keeping design consistent across all platforms) and there were no real elements of creativity. Where I did have a one up was channel planning and execution, specifically in the fields of social network management and blog seeding, two effective, yet extremely small parts of the overall puzzle.
A lot of new agencies are born as interactive only. Freelance designers and programmers are starting to realize that they can make a killing on fancy sites and CMSs built almost entirely in Wordpress. Throw some social media buttons in the corner of the page and you’ve got $5,000 bucks in your wallet and a $250/month website maintenance fee coming your way for the next few years. Obviously I’m oversimplifying the process, but I don’t think the overall idea is too far off.
So what does the future hold? Is interactive the answer? Is traditional officially dead? Is PR the new strategic frontier? Are media buying moguls going to monopolize the market? We don’t have to look much further than Forrester’s 2010 white paper “The Future of Agency Relationships” to see where the industry may be headed.
The first thing to note is that no singular agency has mastered this new marketing model. The outbound message (see TV commercial) approach that traditional advertisers and media buyers grew up on is over. The short-term, low interaction of direct marketing companies have lost out to high interest, long term brand experiences brought on by some of the more innovative shops. The interactive agencies are chugging along, but are likely to come to a halt after clients realize they cannot depend on an interactive agency to produce holistic 360-degree marketing programs. With the current model the way it is, the only true way to cultivate communication across the board is to establish integrated partnerships to piece together the entire marketing puzzle.
So what else does Forrester say about the agency relationships of the future?
Creative needs to be media specific. There’s no single concept that can be carried from TV, to print, to Facebook, to youtube. Finding ways to integrate different mediums is crucial, but the creative must cater towards the specific channel to truly maximize the model.
Everything can be measured. In the past, campaigns were measured by impressions meaning “this many people may read this” or “this many people subscribe to this channel”. Now it’s about getting people to share things, talk about them, and engage them offline as much as on. Agencies can no longer guess who they’re reaching, they really need to know.
Interactive agencies will die. Interactive shops must innovate and integrate in order to succeed. As all shops move into interactive (they all are) the niche market for an interactive only shop will die out. Without media capabilities to carry information across multiple channels, their very existence will be at risk.
At Schupp Company, I think we’re doing a lot of things right. We’re rooted in analytics. We carefully plan/research prior to any and all programs and projects. We plan for success, we don’t just hope for it. We’re rooted in traditional, experienced in guerilla/viral, and exploring the unknown abyss of digital/interactive. We have a media department in house who can carry our platforms across every channel from Twitter to Time to TLC. We’re firmly integrated with partner PR firms who know any and everyone in the industries we field and follow. Our account side brings strategic thinking, the creatives bring the ideas and innovations. Most importantly we execute.
So overall, what makes my agency different? I’d say unlike many, we’re extremely well-suited for the future. How about you?
As we move forward, keep an eye on industry trends. Is Forrester right or are they completely missing the boat. They may be an extremely credible source, but no one can ever be spot on. From a high-level standpoint - I think they’ve won me over. Once again, how about you?
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