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What your clients don't tell you (part 2) with Carey Evans & Simon Rhind-Tutt03 Sep 202400:52:19
Welcome to episode 121. This is part two of a two-part interview with Simon Rhind-Tutt and Carey Evans, who are Co-Founders of Relationship Audits. If you missed part one, I would really recommend you go back and have a listen (it’s episode 120). Simon and Carey just packed it full of insights and tips for agencies when it comes to strengthening their client relationships. This episode is no exception and we talk about: - what every client wants but rarely gets from an agency - what a brain trust is and why you might want one for your agency - and why leveraging your learnings from other client relationships is often a huge missed opportunity. If you'd like notifications about future guests coming on the podcast, or notes from the episodes that I have with guests, as well as tips on agency account management and potential trainings, then you can sign up for my weekly newsletter at https://www.accountmanagementskills.com
What your clients don't tell you (part 1) with Carey Evans and Simon Rhind-Tutt20 Aug 202400:41:02
Welcome to Episode 120, which is the first of two episodes covering my in-depth chat with Carey Evans and Simon Rhind-Tutt, Co-Founders of Relationship Audits®. I met Simon and Carey many years ago when I was working as client services director for Publicis life Brands. We were struggling with a client relationship, it was a very important client but it wasn't going well. Whilst we knew some of the reasons why the relationship was faltering, we didn’t know the whole story, so we invited in Simon and Carey to evaluate our relationship. Essentially, they went into the client’s offices and interviewed all of key client stakeholders to find out what was going on and their perception of the agency. Not only did they uncover what was going well and what wasn't going well, they also uncovered growth opportunities for us as an agency to go back into the client and crystallize what they needed in the future and provide extra value. If we hadn't have done that and they hadn't have provided that action list, report and their recommendations, we wouldn't have retained that client for another two years, worth £700,000 to the agency per year. Immediately, the return on investment for employing the services of Relationship Audits changed the game for us. That’s why I am delighted that they've joined us back on the show for this two part interview, talking about what your clients don't tell you. Whilst you might be evaluating the strength of your relationships with your clients and asking them questions, what Relationship Audits do, and they've been doing it successfully for years, is listen for what's not being said. They have a very established question set and they're able to spot things that you will miss. If you would like to talk to either Carey or Simon, please visit their website, https://www.relationshipaudits.com, or send them an email at info@relationshipaudits.com Finally, if you are in an agency account management role and you'd like to be kept up to date with the next episodes that I'm going to be sharing on the podcast, and you also want tips about the account management role and any trainings that I'm doing in the future, then you can sign up for my newsletter via my website, https://www.accountmanagementskills.com
How a workshop culture builds high performing agency teams, with Alison Coward09 Apr 202400:36:40
Welcome to episode 111. This episode will be particularly relevant for you if you're heading up the agency or you're in charge of an agency team. Alison Coward is the founder of Bracket, a consultancy that partners with ambitious, forward-thinking companies to help them build high-performing and collaborative team cultures. She is a culture strategist, workshop facilitator, coach, trainer, keynote speaker and author of “A Pocket Guide to Effective Workshops” and “Workshop Culture: a guide to building teams that thrive”. Alison shares some data backed insights, some brilliant tips and actionable strategies for high performing teams, including: - why agency teams typically end up not working well together and how to address the issues - why creating a workshop culture is a solution to better collaboration and teamwork - how to make all the meetings you have more efficient and effective - her five pillar framework for implementing a workshop culture in your agency Connect with Alison: https://linkedin.com/in/alisoncoward https://www.bracketcreative.co.uk https://www.workshopculture.co.uk https://amzn.eu/d/h4VDgST Many agency owners ask me to help their client facing team with account management. Some don't have dedicated account managers, but they still want predictable client retention and growth, a repeatable, client centric client management process as well as ultimately a competitive advantage. According to Gartner, 80% of your future profits are going to come from 20% of your existing clients. Currently, many of my programme participants are just three months in and already getting very impressive account growth results, and this is down to them being coachable and also taking action on what we're covering, with me supporting them with the implementation. So if you're in charge of a client facing team, or maybe someone in your team is responsible for account growth and could potentially benefit from upskilling and having a strategy, then check out the details of my one year Account Accelerator training and coaching programme. You can find all the details at https://www.accountmanagementskills.com
What's the role of a digital agency project manager?, with Nadine Schofield09 Mar 202100:38:56
This episode is for you if you're in a digital agency project management role or are aspiring to work in project management in an agency. It's also for you if you're an agency leader who is looking to ensure the role of the project manager runs smoothly. Nadine Schofield is the Founder of Project Management on Demand and she'll be sharing with us: * The core (hard and soft) skills you need to be an effective project manager * Where agencies go wrong with approaching project management * The differences between an agile, waterfall and wagile way of working * Differences between the role of the account manager and project manager and how they can work together efficiently * The downsides of the hybrid role where the project management and account management function are in a combined role * Some suggestions for how to decide which project management system to use in your agency * How working from home has affected the project management role in agencies * How a temporary project manager can be inserted into the agency for one off projects on an ad-hoc basis * Some of the core processes you need for the project management role in your agency
How to improve the way you work with a marketing director, with Sam Bridger01 Mar 202100:57:30
Sam Bridger is an interim Marketing Director and consultant. She has worked in marketing for over 25 years, 14 of which have been spent as interim marketing director. Throughout her career she's managed many different agencies and so is in a very good position to provide the 'client side' perspective on how agencies manage her business. In this episode, she shares lots of tips and insights into what its like being a client and how you can improve the way you work with your client: * How to engage with your clients when they're not responding to you * Why you need to understand the role and associated pressures of your client * One of the best ways to make a cold approach to a prospective client * Why she thinks it's a great idea to ask your client for referrals where the relationship is strong * The worst thing agencies can do during client meetings and pitches * Why being genuine and empathetic is so important to the account management role * Why you need to take an interest in the client's product and learn as much as you can to be credible for clients * How to treat the client when having meetings and do your homework before meeting clients * The importance of taking the time to do your research before client meetings and pitches * Why she believes the traditional pitch process needs to change to a shorter term project approach before assigning all the business * Why helping the client deliver their objective is your key role * Why agencies don't ask for feedback enough after a pitch and her suggestion for how you can approach this * Why clients don't always know what needs to go into a pitch brief so asking the right questions is key
How to lead the team as agency client services director, with Paul Kirkley23 Feb 202100:40:09
Paul Kirkley has spent his entire career in agency account management. He knew from a young age he wanted to work in advertising and has certainly fulfilled his ambition. He now works for one of the UK's top creative agencies, MadeBrave as Client Services Director and his experience includes 20 years with JWT (now Wunderman Thompson) working as Global Business Director for brands such as Nestle, Jaguar and Kenco (JDE) where he also lead a client services team of 120. In this chat, he shares: * Why always being curious and genuinely interested in the client's business is key to success * How seeing the world through the eyes of each agency department and understanding their motivations sets you up for success in your account management role * Why the best briefings come out of the best questioning and listening * Tips for how to become a client's trusted advisor * How to lead, inspire and set the account management team up for success * The skills you need to be an effective client services director * How to make sure you stay relevant and valuable to your client * The biggest challenges faced by client services directors and how to prepare for them * How remote working has changed the way account managers now interact with clients * What skills you need to work with global brands * How to be introduced to the client's C-Suite * How agencies will evolve in the future and lots more...
What can creative agency account managers learn from an account manager in the software industry?, with James Aldrich17 Feb 202100:49:03
James Aldrich is a major account manager with over twenty years experience in both business development and account management in the software industry. James's sector speciality is telecommunications and I invited him to share his experience to see similarities and differences between the account management role in the creative industry and software industry. Despite starting his career wanting to be a film director or a guitarist in a band, he found himself in account management which has not only opened up many career opportunities but has also allowed him to fulfil his ambitions outside of work. In this brilliant chat, James shares his thoughts on: * How your own network is one of the most important aspects of your role and how it can bring value to your clients, your company and to your own career * Why it's important to choose a company to work for that aligns with your personal values * How and when to ask for referrals * Why business development and account management are similar roles * How sharing insight into how other industries work can bring value to your clients * How 'buddy systems' enable junior account team members to get up to speed quickly * Why taking a 'customer first' approach to everything you do leads to success * The importance of ensuring every client communication and touchpoint reflects your company values * Why you should learn from how other industries operate * Why you should always be curious and look ahead to what's changing in your industry and your client's industries I really enjoyed this chat and I hope you come away with some reminders and inspiration for other things you could be doing in your career or role that will be valuable to you, your client and your agency.
How to present new ideas with behavioural science in mind12 Feb 202100:15:01
In this episode I reflect on some recent research on how status quo bias affects a client's decision making process and why that's important for us to know when presenting new ideas. In this episode we dive into why when presenting new ideas to our clients that require them to make a big change, it's useful to understand the psychology of why they might be reluctant to. By knowing this we're then able to present the ideas with this in mind and provide the information that they require to make their decision. I hope you enjoy this episode and I'd love to hear your thoughts on this topic.
How to be a strategic account manager in the creative industry, with Andy Young & Laura Cohen02 Feb 202100:55:49
Andy Young and Laura Cohen are both strategic account managers for Skeleton Productions, a full service agency specialising in video production. In this chat, they share some brilliant tips and ideas for account managers who want to enhance their account management skills. They share: * Why shifting from being a good relationship builder to taking more of a 'challenger' approach with your clients works * How to build trust with your client so they take risks to do bigger and bolder projects * Why keeping your finger on the pulse with future trends in your specialism is key to ensuring your clients see you as an advisor rather than order taker * What a pre-flight questionnaire is an how to use one * Why you shouldn't be scared of the word "strategy" * Tips for how they've kept decision makers engaged throughout projects and how to get things back on track if the project goes awry I hope you come away with lots of ideas to implement in your role.
Exceptional leadership and having difficult conversations, with Nadine Powrie21 Jan 202100:43:41
This episode is for you if you're an agency leader or you're managing a team. My guest is a good friend of mine Nadine Powrie who is an executive leadership coach and workplace mediator who specialises in helping people have difficult conversations. Nadine has helped hundreds of people enhance their leadership ability through her coaching and training. and is an expert in her field. Her podcast "Leading the Coaching Change" is currently celebrating its 80th episode and she has a weekly LinkedIn live session with other leadership coaches where they discuss topics that are relevant to those who want to develop their skills and keep abreast of changes in their field. In this chat, Nadine shares her thoughts and insights into: * What makes an exceptional leader * How two leaders in her career made a lasting impact on her life (and what you can learn from it) * Why having a clear vision, strategy and values defined are so key to being a successful leader * The surprising truth about hiring the right people for your team * How to set yourself up for success before having a difficult conversation I could have discussed these topics with Nadine all day as she has a wealth of experience and knowledge and I'd like to invite her back to share some more tips with the account management community.
How to be a great agency account director, with Sarah Deakin & Ruby Beagan29 Dec 202000:50:14
This episode is particularly useful for you if you are working as account manager in a creative agency and aspire to be an account director. It's also useful if you're already an agency account director and are looking for some ideas and learnings from other account directors in the creative industry to apply in your role. Sarah Deakin and Ruby Beagan are account directors for Thursday Studio, an insight-led design studio in Winchester. The reason I invited them on to the show is to share their day to day experience of what it's like in the role of account director in a creative agency. During this interview, they share: * What they believe is the value the account management role brings to an agency and its clients * Difference between the account manager and account director role * Examples of where they've made a difference to the client's business * Their thoughts on why clients stay with agencies for the long term * Their approach to client retention and growth * The challenges those in account management are facing right now with remote working and some ideas for how to overcome them * Advice for others in agency client service who want to improve their account management skills and accelerate their career * The key areas account directors should be focussing on in their role ....and lots more nuggets of wisdom. Enjoy.
How to create a high performing agency team culture, with Alison Coward15 Dec 202000:32:55
This episode is for you if you're responsible for an agency team and you want the team to be working together more collaboratively. Today's guest is my friend Alison Coward who is the founder of Bracket Creative and an expert in team culture. In this episode Alison explains: * Why it's important for agencies to pay attention to their team culture and impact a positive culture has on productivity * What to look for if you suspect your team culture needs attention * Some examples of where agency leaders go wrong with team culture * How remote working is affecting team collaboration and what you can do to bring the team together Alison shares insight she's gained from many years working with high performing teams and what shines through in this chat is Alison's vast knowledge and passion for the subject and the many compelling reasons why team culture, particularly now is so important to keeping us all working together in the best possible way. Enjoy!
The account management skills you need to grow existing client business09 Dec 202000:22:15
In this solo episode I talk through the four steps of the client value ladder and the skills you need to deliver value at every level. It's particularly relevant for you if you are managing the day to day client relationships but are also responsible for account growth and delivering on your agency's forecast. Many of us in agency account management know that acquiring a new client is 5 to 25 times more expensive than retaining an existing one (1) & increasing client retention rate by 5% increases profit by 25% to 95% (2), but another study by Gartner reported that a whopping 80% of a company's future sales will be derived from 20% of their existing client base! (3). This makes the skill of growing existing business very important. What's less well known, and also shown in another study by Gartner called 'Why your accounts aren't growing and what to do about it', is that the account management skills required to retain accounts are DIFFERENT to those required to grow (4). The report showed that providing exceptional service leads to retention, not growth. This means that as agency account managers we need to be thinking about how we need to behave differently if we're responsible for growing our existing accounts. The report concluded that mastering “client improvement conversations” increases your ability to grow an account by 48% and increases likelihood of renewal or retention of spend by 94% (4). If handled poorly or indelicately however these conversations could damage relationships and trust (4). 'Value improvement conversations' are defined by the three following actions: 1. Provide customers with a unique, critical perspective 2. Paint a vision of the customer's future business 3. Provide customers with an ROI on the entirety of the relationship I hope you enjoy this episode and come away with ideas for the skills you need to develop or that you are indeed on the right track with your client development strategy.
Selling your agency in 2024, with Jonathan Baker26 Mar 202400:37:53
Welcome to episode 110. This episode is for you if you're an agency owner either interested in buying agencies to grow, or selling your agency at some point. It's also enlightening if you work in an agency and you want to understand the process of mergers and acquisitions. Jonathan Baker, Practice Lead in M&A at Punctuation joins me and shares a lot of tips and insights about the buying and selling process, including: - the current state of M&A and why right now might be a really good time to sell - the impact of AI on the changing agency landscape and his advice for content marketing agencies - why cultural alignment is key to a successful transaction - the criteria buyers typically use to assess an agency they might want to purchase - how concerned sellers should be about the terms of the transaction - how far you get through the transaction before bringing in a lawyer - how and when to tell your staff about the sale - why you should ask about buyer funding if you're being bought, and so much more. Jonathan has created a special webpage just for this podcast's listeners at https://www.punctuation.com/creative and through this link you can also chat to him about anything you've heard on this episode. You can also connect with on LinkedIn: https://www.linkedin.com//in/jonathandavidbaker Many agency owners come to me for account management skills training and to help their account managers develop an entrepreneurial mindset. And ultimately, what they are looking for are three things. They want more predictable client retention and growth, which is less expensive than pitching for new business. They want to hardwire account growth into the agency's internal processes so that account growth becomes repeatable. And they're also looking for ways to future proof their agency's business and gain a competitive advantage by offering the best client value and experience. If any of this sounds of interest, we are opening enrolments later this month for my Account Accelerator programme. It's a 12 month coaching and training programme and you can find all the details on my website: https://www.accountmanagementskills.com/account-accelerator
What you need to know about the evolution of branding, with Bill Wallsgrove01 Dec 202000:53:02
If you have an interest in branding, feel your agency brand needs a makeover or you're looking for help to offer branding workshops to your clients, this episode is for you. Bill Wallsgrove has been helping companies with branding for 30 years. He's worked on some of the most exciting and well known brands such as Heineken, Budweiser and Benetton to name just a few and has held Creative Director roles for some of the most prestigious strategic design agencies such as Coley Porter Bell and Future Brand. He has been guiding agencies with their brands for years and his brand consultancy services include mentoring the likes of Studio Blup (recently bought by the LAB Group) known for their work with brands like Nike, MTV and Ministry of Sound. Today I pick his brains on everything branding related and ask him to share his thoughts, opinions and observations about how branding has changed during his career. In this episode Bill chats to me about: * His definition of a brand * Why he disagrees with many companies who believe they need a brand purpose * What a 'digital first' approach to branding means * How brands and the process of branding has changed over the years * Why we are in the third generation of branding and examples of brands who are leading the field * Why and how he works with agencies to help them with their brands * Why he believes agencies need account managers and some tips for great account management ....and lots more.
How to prospect for agency new business, with Lucy Snell24 Nov 202000:36:32
Today's guest is the lovely Lucy Snell the co-founder of Cherry Consulting. Cherry helps creative and digital agencies to generate new business and Lucy started the company in 2004. She's been featured three times in the BD100 list as one of the UK's most influential business developers and during this interviews shares many tips for agencies who are looking to generate more leads. In this episode, she shares: * Some of the biggest challenges she's seeing agencies have for approaching prospects right now * Tips for how to get cut through when prospective clients aren't responding * What she did to get a 50% open rate on one of her email campaigns * What she finds agencies need the most help with in the area of new business generation * Her thoughts on why some agencies are thriving at the moment * Exactly what she believes you should be spending your time on in the area of new business depending on the size of your agency. If you're working in agency new business or have aspirations to do so, this is a great interview and full of practical real life examples and advice. Enjoy!
How to approach and develop relationships with procurement, with Jessica Bowler & Iris Gatzweiler13 Nov 202000:47:49
Today's guests are Iris Gatzweiler and Jess Bowler who have been working in marketing procurement for many years in the pharmaceutical industry. I asked them to share more about their day to day roles in procurement and shed some light on how agency account managers can develop stronger relationships with them. In this episode we discuss: * What they look for in long term agency supplier relationships * Where they see the value in agency account management and some tips on how to keep the relationship on track * Advice for how to approach someone in procurement when you don't have a relationship currently * Why involving procurement in how you expand your relationships within a company makes sense * How they make an agency selection and how you can stand out from the rest There are so many golden nuggets in this episode, you'll want to grab a pen and make some notes. I hope this will prompt you to review your current client relationships and identify where perhaps your relationship with procurement isn't very strong and also ideas for how to strengthen it.
How to avoid stress and burnout in an agency environment, with Louisa Pau23 Oct 202000:42:27
Louisa has a powerful message for you if you are working in an agency. She successfully built and sold her healthcare communications agency Woolley Pau in 2012 but her health suffered as a result and she ended up hospitalised. In this episode she shares her journey and provides advice and guidance for others who may be inadvertently heading in the same direction. In this episode she shares with us: * The 10 signs you may be heading for burnout without realising it * Why trying to be the 'hero' at work can have a detrimental affect on you, your health and those around you * What resilience is and why it's not just about 'bouncing back' * The difference between healthy and unhealthy stress and how to spot the tipping point * Why stress goes undetected until it's too late * Where to seek support if you think your health is suffering as a result of pressure, challenge and stress * The first few steps you can take right now if you think this may be affecting you * What she is doing now in her new business Otherboard to help those in agencies to prepare for, recover from and adapt in the face of stress or challenge I think this topic isn't discussed enough in agencies, environments that tend to operate at a hundred miles an hour most of the time. Louisa provides some sage advice and guidance having trodden the path and who now dedicates her time to helping others . If you recognise yourself in what Louisa was describing I would urge you to seek help by contacting Louisa to discuss your situation.
Secrets of highly effective agency leaders, with Spencer Gallagher14 Oct 202000:46:42
In this episode I'm delighted to have as my guest Spencer Gallagher who took time out of working on the second edition of his best selling book, Agencynomics, which he co-wrote with his partner Peter Hoole, to share his thoughts on agency leadership and client management. Having built and sold his own agency in 2008, he now runs the UK's leading growth consultancy for agency owners, Cact.us and is co-founder of the Cact.us Academy, a training portal for agency owners. He also heads up the not for profit global community of agency owners, also called Agencynomics and co-hosts the vodcast Agencyphonics where he interviews owners and thought leaders about growing an agency business. In this episode we cover everything from what he thinks is most important when leading an agency and how he approaches agency growth, to the biggest agency trends he's seeing and how to stay up to date and relevant in this time of digital transformation. We cover: * Key habits of highly effective agency leaders * What successful agency leaders are doing now to accelerate their agency's growth * What Spencer would do differently if he was starting an agency again * Key trends in the agency landscape * Why you need to keep learning to keep yourself relevant * Why agencies need to start thinking beyond social media and websites to supporting clients with their digital transformation.. ...and lots more nuggets you'll want to hear if you're an owner, leader or account manager.
The fundamentals of successful client management, with Carey Evans & Simon Rhind-Tutt06 Oct 202000:48:09
Today's episode is with the founders of Relationship Audits and Management, Carey Evans and Simon Rhind-Tutt. They are invited in by creative agency leaders and client services directors to assess the strength of their client relationships and provide recommendations and guidance for how to retain and grow the accounts. In this episode they share tip after tip from years of experience talking to agency clients about what they want most from their agencies. They remind us of many of the fundamental principles of account management having spoken to hundreds of clients and having built up years of benchmarking data from client interviews about what works and doesn't work when it comes to successful agency client relationships. In this episode you'll hear: * Why becoming the go to person within your agency for a chosen topic can accelerate your career * The winning agency formula for any pitch * What clients say 64% of agencies never do but should * How you can make your client's life easier * The average % time clients have to spend of their day liaising with all their agencies * How to create instant rapport with your client * A method we can borrow from professional services firms for how to get to know your client's business quickly * Five of the biggest trends they are seeing about what clients want most from their agencies right now..... ....and lots more valuable tips and reminders for how to make sure you excel in your account management role.
How to be more productive17 Sep 202000:16:02
Do you often feel overwhelmed by how much you have to do? This is a short quick fire episode where I answer a question I hear most frequently from creative agency account managers. The subject of productivity, time management and general overwhelm with number of tasks needed to be completed comes up a lot. Often being stuck managing the day to day firefighting distracts us from doing the things that are more valuable like thinking about ways of adding more value to the client’s business, looking at trends, working on client relationship expansion, client development planning etc. So here are 10 tips (plus an extra bonus one I added!) for ensuring you get as much of your Day to day workload completed as possible so it frees up space to do more thinking and planning. Account managers who want promotion to account director realise the only way they can work on more strategic tasks (client development plans, solving client business & communications challenges) is to be more time efficient. Let me know if these tips have been helpful and please share any others you’ve found beneficial so I can share with everyone else.
How to have a successful career in agency account management, with Phil Lancaster10 Sep 202000:52:15
Phil Lancaster has worked his entire career in agency account management. He's worked for some of the most successful agency holding companies such as The Lowe Group and WPP where he lead global account management teams and held the role of Global Business Director for brands such as Jaguar Land Rover, Reckitt Benckiser, Bayer and Bank of America. He has a wealth of experience working with clients at the board level and believes strongly that agency account managers need to have a relationship with the C-Suite in a client company. Other points we discuss are: * The value of the role of account management for both agencies and client (this has been debated recently in an IPA report) * One of the most important ways an agency account manager can save the client money * How account managers can position themselves as trusted advisors rather than order takers * Where agency account managers get client management wrong * Why C-Suite relationship building is essential * Advice for agency account managers to strengthen relationships amidst current remote working conditions * Phil's thoughts on how the agency landscape is changing and the future of the role of agency account management * Phil's top advice for you if you are starting out in your career in account management..... .....and lots more nuggets of wisdom and reflection from years of experience so this is one not to miss.
How to sell to existing and prospective clients, with Marcus Cauchi01 Sep 202000:55:06
Marcus Cauchi is probably one of the most well known salesman and sales trainers in the UK. I was fortunate enough to be trained by Marcus in the Sandler selling methodology and meeting him changed the course of my career as I suddenly realised selling skills could have been hugely beneficial when I started out in advertising in the 1990s. In this episode, Marcus shares with us: * What agencies need to do to win new business * The metrics he uses to evaluate a new business team's effectiveness * Why asking questions to gather information is a waste of yours and your client's time * How agencies can manage the handover from their new business to account management team * How understanding human psychology can aid us in selling * The most overlooked area of account expansion agencies miss * The three myths agencies have bought into about selling.... ....and so many more nuggets of selling wisdom, you'll want to grab and pen and make some notes.
Why you need a relationship with marketing procurement, with Tina Fegent24 Aug 202000:46:48
In this episode, Tina Fegent, marketing procurement consultant with almost 30 years experience shares tips for what procurement want from agencies and specifically agency account management. Tina has worked both client side for companies such as Orange and agency side in the role of Commercial Director so really understands what works and doesn't work when it comes to creating and developing relationships with the procurement team. In this episode Tina shares; - The most common complaint she hears from clients about agency account management - What great account management looks like for her - Why developing relationships with procurement is good for agency business - Ideas you can try right now for how to engage with procurement - What to avoid when pitching - What management consultancies are doing really well that agencies should be doing more of.... ....and lots more! So grab a pen and get ready to take some notes because she shares some golden nuggets of wisdom for you.
Why the agency business model isn't working, with Michael Farmer04 Mar 202401:04:56
Welcome to episode 109. My guest is Michael Farmer, a management consultant who has been looking at the agency business model for over 30 years. He's identified three burning issues for creative agencies. 1. Work is increasing in volume and yet agencies fees are declining. But because agencies aren't measuring scopes of work, they don't often realize the extent to which this is happening. 2. Agencies aren't helping clients achieve their business outcomes. Clients are paying them less and typically fire them every three years and generally treat them as order takers. 3. AI is now putting fuel on this fire and is threatening to reduce the amount of creative adaptation work that agencies do. It’s not all doom and gloom. I found this an enlightening conversation and I particularly enjoyed listening to the history of how it was before agencies priced their services by the hour. Michael talks about the problems, but he also offers solutions. I suggest you read his latest book ‘Madison Avenue Makeover’, which maps out the transformation of Huge’s business model step by step. http://linkedin.com/in/michaelfarmer If you are in an account management role or you're in charge of an agency account management team and you want to raise the value of this position, then please connect with me on LinkedIn at Jenny Plant or check out my Account Accelerator programme by visiting my website, https://www.accountmanagementskills.com.
What your agency clients really want, with Kate Whittaker12 Aug 202000:36:11
In my first episode I'm delighted to be chatting to Kate Whittaker, Head of Corporate Communications at DUAL International. As a marketing client, Kate Whittaker has 30 years experience managing agency relationships so is very well placed to give her perspective on what agency account managers could be doing to win their clients over. In this episode we cover: 1. How Kate selects her agencies and what she suggests you do if you're considering cold calling prospective clients 2. The qualities she looks for in a potential agency partner 3. Examples of where agency account managers have won her over and built her trust as well as where agencies get client management wrong 4. Some advice for how agencies can present additional ideas during the course of working on another project 5. Why you need to be asking your clients for more referrals 6. Her tips for how to position yourself as more of a trusted advisor 7. What's changed for her in light of COVID-19 and what she'd be interested in hearing from agencies right now 8. Some great tips for how to maintain and develop strong client relationships during this time of remote working I hope you enjoy this episode. It's packed full of nuggets to help agency account managers with client retention and growth. The sound isn't optimal and my interviewing skills need some work but I do hope you come away with some actionable tips you can put into practice in your agency account management role. If you'd like more information about how you can retain and grow existing client relationships, you'll find information about the latest training for agency account managers here: https://bit.ly/accountaccelerator. If you're an agency leader with three employees or more and haven't already joined the Agencynomics free community, here's a link to join: https://community.agencynomics.com/. If you enjoyed this episode, I'd love your support by leaving a review and also drop me a line at jenny@accountmanagementskills.com if you know someone in a client role who would like to be interviewed and can share some great advice for helping agency account managers with their role.
How to manage a remote agency team, with Gustavo Razzetti19 Feb 202400:42:38
Welcome to episode 108. Are you struggling to manage a remote agency team? If so, you're going to get a lot of value from my conversation with Gustavo Razzetti, CEO of Fearless Culture and author of ‘Remote, Not Distant’. He shared some very thought-provoking insights for agency leaders and agency teams, including • how remote working is only amplifying the positive and the negative aspects of your agency culture that were already present • how to fix the issues • how to make your remote brainstorming meetings more effective • why agencies need to strike a balance between being overly protective and having respectful friction • and how agencies celebrate individualism I'd highly recommend that you follow Gustavo on LinkedIn, go to his website where you can download some of his free resources, as well as investing in his book, ‘Remote, Not Distant’. Book Remote Not Distant: https://www.amazon.com/Remote-Not-Distant-Company-Workplace-ebook/dp/B09VXX4FN3 Blog: https://gustavorazzetti.substack.com Agency Website: https://www.fearlessculture.design Personal Website: https://gustavorazzetti.com/
How to price to maximise profit, with Alfie Wenegieme02 Feb 202400:47:59
Welcome to episode 107. If you’ve ever wondered if you’re pricing your services in the right way, this one is for you. Alfie Wenegieme, Managing Partner at Cactus, joins me and he shares: 1. Why agencies don’t lose pitches on price alone 2. How agencies price to ensure a healthy profit margin 3. Typical mistakes agencies make when pricing 4. And some useful tips for account managers and project managers when scoping projects If you’re listening to this episode in February 2024, I’m opening enrolments again for my Account Accelerator programme that begins on March 5th. It’s a 12 month training and coaching programme that’s specifically designed to build an entrepreneurial mindset in account management which means: • Having an effective account management and account growth process - that is understood and followed consistently by all your account managers • Having an end-to-end client growth framework (from onboarding to delivery) - so everyone knows what to do when, and you have all the templates and resources to help you implement • Having a Proactive Client Retention Strategy - so you increase the lifetime value of your ideal clients (and don’t have to keep feeding your sales pipeline) If you’d like to have a quick call with me to see if this might be a good fit for you or a member of your team, you can find all the details on my website: https://www.accountmanagementskills.com/account-accelerator
Agency strategy and predicting the future with AI, with Nikolas Pearmine23 Jan 202400:41:23
Welcome to episode 106. If you’d like to know how one agency has been using AI since 2011 to predict the future for their clients, this chat will be interesting for you. It will also be insightful if you’re curious how the agency works with their global CPG and FMCG brands. ‌Nik Pearmine, Chief Strategy Officer at Black Swan Data, and I cover a range of topics including: - his view on what it takes to be successful in account management - what he thinks is in store for the future - and whether we should be worried about AI replacing our jobs. You can get in contact with Nik via LinkedIn: https://www.linkedin.com/in/nikolas-pearmine-138bb612/ If you’re listening to this at the beginning of 2024 and are based in the US, I wanted to let you know I’ll be running a value-packed seminar with David C Baker and Jack Skeels on 12th and 13th March in Atlanta. ‌The event is all about the account management and project management roles. I’ll be talking about the essentials of account management, how to grow an account and how account managers work with project managers. ‌David is extremely well known in the agency industry as he’s an agency advisor, the author of “The Business of Expertise” and “Secret Tradecraft of Elite Advisors” as well as co-hosting the 2Bobs podcast with Blair Enns. ‌You can find all the details and book your tickets at David’s website: https://www.punctuation.com
How to Sell, with Marcus Cauchi and Benjamin Dennehy09 Jan 202401:06:31
Welcome to episode 105, I have invited two of my most popular podcast guests back for a second time, sales trainer legends; Marcus Cauchi and Benjamin Dennehey. ‌Both have been sales trainers for years and have worked with many agencies and tech companies. They shared some golden nuggets to help you with selling your agency’s services. ‌I had to throw away the list of questions I’d prepared and let the conversation flow naturally because I wanted to capture as much of their collective sales wisdom and tips as possible. I hope you’ll enjoy the longer length of this episode and ultimately come away with some practical things you can implement in your sales process. ‌‌· An understanding of the importance of having the ability to ask superb questions during the sales conversation with a prospect. · In our chat, Marcus and Benjamin role play a conversation and hopefully you can take the principles away and model some of the language they’re using in your next sales conversation with a prospect. You can reach Marcus Cauchi on LinkedIn, via marcus@laughs-last.com, visit his website: https://www.laughs-last.com and The Inquisitor podcast. You can reach Benjamin at https://www.uksmosthatedsalestrainer.com/ If you’d like to chat to me about selling skills for agency account managers to help you with your your existing client accounts then you can go to my website https://www.accountmanagementskills.com and find out more about how I help build an entrepreneurial mindset in account management through my training programmes.‌
Agency project management and service delivery, with Joanne Reid14 Dec 202300:45:17
Welcome to episode 104. In this episode, I talk all things agency project management with Joanne Reid, Managing Partner for delivery at Cactus. We cover: - the challenges agencies face with project management - how Joanne assesses how well an agency's project management is working - how project management differs from account management and why she recommends agencies to have both roles - the target level of annual gross profit an agency should reach before investing in both roles - her recommendations for project management tools and how to evaluate whether you have the right one for you - what skills to look for when hiring a project manager - and Jo's thoughts on future trends she's seeing in project management. Make sure you follow her on LinkedIn because she shares some really useful tips for project managers and also agency owners when it comes agency service delivery: https://www.linkedin.com/in/joanne-reid-6220744b/ If you're an agency owner or you're heading up the agency's account management team and have realised your existing clients just aren't growing, it may be time to provide the right support for your account management team to do it. I'm currently enrolling for my Account Accelerator programme that starts on 11th January 2024. It's a twelve month training and coaching programme for account managers who are responsible for account retention and growth. It's designed to build an entrepreneurial mindset and you'll come away with a proven account management and growth process, an end to end client growth framework, and a proactive client retention strategy for the agency. We already have some really self motivated senior account managers, directors and client services directors joining the programme who are often also responsible for leading a team in the agency. You can find the details of the Account Accelerator programme on my website: https://www.accountmanagementskills.com/account-accelerator
How to escape the daily grind of agency ownership, with Karl Sakas05 Dec 202300:42:29
Welcome to episode 103. This episode will be particularly relevant to agency owners who want to become less hands-on in their agency and just step away from the day to day operations.  I'm chatting to Karl Sakas, an agency growth consultant in the US and author of several books, the latest of which is called Work Less and Earn More a Practical Guide for Agency Owners to help them escape the daily grind of agency ownership. Karl has spent years consulting with agency owners and leaders and, I think because he originally had an operations background, he seems to have a wonderful way of explaining useful concepts and ideas using models and frameworks which are really easy to follow.  Karl shares some practical tips, his views on agency account management and why separating the role from project management makes sense. You can reach Karl, and make use of lots of his great downloadable resources at https://sakasandcompany.com/free-resources-for-agencies/ Book link: http://worklessearnmorebook.com/ If you'd like support with upskilling your account managers, check out my Account Accelerator™ programme. It's a 12 month training and coaching programme that's specifically designed to build an entrepreneurial mindset in your account management team. https://www.accountmanagementskills.com/account-accelerator
Bonus episode 5 of 5: How to get account managers adding value to your agency from Day 1 (and reduce churn)01 Dec 202300:05:38
Welcome to the final episode in my mini series of five bonus podcast episodes created to show you how to build an entrepreneurial mindset in your agency account managers. In this episode, I share the key things you need to do to get your account managers adding value from day one and reduce churn. And this comes back to many of the things we've discussed already in this podcast series. I speak to so many agency owners who feel frustrated by high staff turnover.  Ultimately, reducing churn and retaining your best talent comes down to one thing - investing in your account managers, and particularly in helping them develop the entrepreneurial skills we've covered in this podcast series. If you haven't had the chance to listen to the previous four episodes, do go back and have a listen. Do let me know what you found particularly useful, along with what you'd like to know more about. You can drop me a line at jenny@accountmanagementskills.com.  If you'd like support with upskilling your account managers, check out my Account Accelerator™ programme. It's a 12 month training and coaching programme that's specifically designed to build an entrepreneurial mindset in your account management team. It covers all the areas in this special podcast series and much more. https://www.accountmanagementskills.com/account-accelerator
Adapt agency services for changing client needs, with David Huckerby and Natasha Jones06 Aug 202400:46:54
Welcome to episode 119. Today's episode is for you if you're curious to understand how another agency works, particularly when it comes to how they manage their client relationships and how they sell their services. I’m joined by David Huckerby, the owner, and Natasha Jones, the Account Director of creative communications agency, Conteur. Conteur is an award-winning full service creative communications agency. They help organisations in the health and social care, housing and hospitality sectors to stand out and grow through market leading PR , video and digital services. David and Natasha share so much insight into how they run their business, including: - why they follow the principle of providing a personalized seven star service to their clients - how they realized some of their clients weren't aligned with their own board and what they learned from that - how that then informed how they worked with their clients moving forward - why they introduced service packages as a result of filling a client demand and how that impacted the time spent on proposals - and why moving from a yearly client strategy focus to a quarterly focus helped the team's proactivity. You can connect with David and Natasha via their LinkedIn profiles: https://www.linkedin.com/in/david-huckerby-05094330/ https://www.linkedin.com/in/natashajones24/ If you'd like to receive my weekly email where I share insights from the podcast, chats, tips and strategies to enhance your account management role, alerts for any training webinars I'm running, as well as all the training courses I run for the account management community, please visit my website, https://www.accountmanagementskills.com and sign up for my newsletter.
Bonus episode 4 of 5: How to get your account managers to ask better questions (and how it can increase client lifetime value)30 Nov 202300:05:23
Welcome to number 4 in my mini series of five bonus podcast episodes created to show you how to build an entrepreneurial mindset in your agency account managers. Why do so many account managers miss out on new account growth opportunities in client meetings? Often it's because they haven't asked the right questions. Or maybe they've asked some of the right questions but didn't have the confidence to probe deeper in their questioning. In this short episode, I share why investing the time to help your account managers ask better questions could make a big difference to your bottom line, particularly when it comes to increasing client lifetime value. If you'd like support with upskilling your account managers, check out my Account Accelerator™ programme. It's a 12 month training and coaching programme that's specifically designed to build an entrepreneurial mindset in your account management team. It covers all the areas in this special podcast series and much more. So if you'd like to have a conversation about how I could help your account managers, then email me at jenny@accountmanagementskills.com to find out more. https://www.accountmanagementskills.com/account-accelerator
Bonus episode 3 of 5: Do your account managers know how to run an effective client meeting? If not it could be hurting your agency29 Nov 202300:08:29
Welcome to number 3 in my mini series of five bonus podcast episodes created to show you how to build an entrepreneurial mindset in your agency account managers. Agency owners often tell me they wish their account managers were more confident in client meetings, including being confident enough to suggest new ideas for new projects. But, as with everything else, you can't expect your account managers to just know how to run an effective client meeting. In this episode, I share seven things that you'll want to make decisions about in order to approach each client meeting in the right way. If you'd like support with upskilling your account managers, check out my Account Accelerator™ programme. It's a 12 month training and coaching programme that's specifically designed to build an entrepreneurial mindset in your account management team. It covers all the areas in this special podcast series and much more. So if you'd like to have a conversation about how I could help your account managers, then email me at jenny@accountmanagementskills.com to find out more. https://www.accountmanagementskills.com/account-accelerator
Bonus episode 2 of 5: From 'order taker' to trusted advisor - raising the value of your account managers (and why it's vital)28 Nov 202300:09:30
Welcome to number 2 in my mini series of five bonus podcast episodes created to show you how to build an entrepreneurial mindset in your agency account managers. In this episode we're looking at how to raise the value of account managers by taking them from an 'order-taker' to a trusted advisor. You can't just expect clients to treat your account managers as trusted advisors, because trust has to be earned. In this episode, I cover: - creating a culture where clients trust account managers from the off - creating the right conditions for the relationship to thrive - having the right internal processes in place to support your managers with account growth In bonus episode 3, I'll be covering how your account managers can run effective client meetings. Everything I'm sharing in this podcast series is covered in depth in my Account Accelerator programme and ultimately it's designed to build an entrepreneurial mindset in account management. You can read more about the programme here: https://www.accountmanagementskills.com/account-accelerator Or if you'd like to have a conversation about how I could potentially help your account managers, please email me jenny@accountmanagementskills.com. Let's have a chat and see if this might be suitable for you or members of your team.
Bonus episode 1 of 5: Why your account managers need entrepreneurial skills (and how this will grow your agency)24 Nov 202300:06:59
Welcome to the first in a series of five bonus podcast episodes. I've created this podcast mini series to show you how you can develop an entrepreneurial mindset in your agency account managers, so they can: - help increase the lifetime value of clients - generate more referrals - help you maintain a healthy sales pipeline In this first short episode, I'll be tacking the 'elephant in the room'. Why do you feel your account managers are not spotting those growth opportunities? And over the next four episodes, I'll then be looking at the key qualities for entrepreneurially-minded account managers. By the way, everything I'll share in this podcast series is covered in my Account Accelerator programme and ultimately it's designed to build an entrepreneurial mindset in account management. You can read more about the programme here: https://www.accountmanagementskills.com/account-accelerator Or if you'd like to have a conversation about how I could potentially help your account managers, please email me jenny@accountmanagementskills.com. Let's have a chat and see if this might be suitable for you or members of your team.
How creative, strategy and account management work together in an agency, with Free Partners20 Nov 202300:45:47
Welcome to episode 97. My first ever podcast was with Kate Whittaker, head of corporate communications at DUAL Group, so working on the client side. During that episode she was explaining the exceptional agency who worked with her, particularly about their excellent client service, but also how they really understand her and her business. So for this episode, I invited the leadership team of that agency, Free Partners, to talk to me about how they work and think. You'll hear from Managing Partner, Lorraine Jeckells, Brand Director, Greg Phitidis, and Creative Director, Guy Cornet.  We chatted about: - their agency's specialist positioning, focusing just in the insurance market and why that's beneficial to their business, to their team and to their clients. - their agency values and how they bring them to life through their ways of working. - their internal processes and how the three departments (account management/strategy/creative) work together in a client centric way. They also go deep into the importance of the creative brief, why they have a tactical and a strategic briefing process, and how they grow their own talent from graduate level so that they are moulded into the Free Partners ways of working. And finally, how they delight their clients by being proactive and bringing fresh thinking and initiatives without waiting passively for briefs. If you’re listening to this at the end of 2023 and you want to build a more entrepreneurial mindset in your account management role or your team, I'm enrolling right now for my twelve month training and mentoring program called the Account Accelerator. I created the Account Accelerator because agency owners were telling me they knew their existing client accounts could grow further but they needed their account managers to do three key things: 1. Act as trusted advisors rather than order takers, so they understood their clients business objectives and felt confident to have conversations about how the agency could help. 2. Spot upsell and cross sell opportunities and follow them effectively so they could increase retention and generate new business opportunities with existing clients. 3. Ask insightful questions to uncover client challenges and feel confident presenting new ideas and asking for referrals and testimonials so they could help a strong sales pipeline of new leads and capture proof of happy clients. So if all of this sounds interesting, then please visit my website https://www.accountmanagementskills.com, where you can book a call, have a chat with me and see if this might be a good fit for you or a member of your team.
How to improve performance and reduce stress, with David Meikle06 Nov 202300:51:37
Welcome to Episode 96. My guest is David Meikle, the author of ‘Tuning Up’, a book about improving performance and reducing stress in advertising and marketing. This chat will be particularly interesting for you if you're finding the pressure and stress of working in an agency unmanageable, or you're responsible for creating positive agency environment in which your team can thrive. We discuss: - why David describes the relationship between the agency, the client and the client's procurement department as the triangle of doom. - David’s signature relationship diagnostic tool, The Meikle Matrix, that essentially helps you pinpoint the heart of the problem with any relationship - how this diagnostic tool can help you in practical ways in your agency. I highly recommend you reading this book for me. You can visit David’s website at https://www.tuningup.co.uk for more information about the book and also to road test a prototype of The Meikle Matrix for yourself. If you’re listening to this at the end of 2023 and you want to build a more entrepreneurial mindset in your account management role or your team, I'm enrolling right now for my twelve month training and mentoring program called the Account Accelerator. I created the Account Accelerator because agency owners were telling me they knew their existing client accounts could grow further but they needed their account managers to do three key things: 1. Act as trusted advisors rather than order takers, so they understood their clients business objectives and felt confident to have conversations about how the agency could help. 2. Spot upsell and cross sell opportunities and follow them effectively so they could increase retention and generate new business opportunities with existing clients. 3. Ask insightful questions to uncover client challenges and feel confident presenting new ideas and asking for referrals and testimonials so they could help a strong sales pipeline of new leads and capture proof of happy clients. I've had 30 years experience in account management and, having trained account growth since 2016, I know not all account managers have the skills, the experience or the mindset to deliver at this level, and many agencies don't have the right internal processes in place to support their account managers with account growth. But, I believe with the right strategies, systems, processes and the support, your account managers can become more entrepreneurially minded, which could have a big impact on your agency's bottom line. So if all of this sounds interesting, then please visit my website https://www.accountmanagementskills.com, where you can book a call, have a chat with me and see if this might be a good fit for you or a member of your team.
What's wrong with agency new business and how to fix it with Benjamin Dennehy17 Oct 202300:58:40
Welcome to Episode 95. This episode is particularly relevant for you if you’re responsible for agency new business. I'm joined by Benjamin Dennehy, UK's Most Hated Sales Trainer, and I hope by the end of listening to our chat it might just change your thinking about how you currently qualify prospects and sell your agency’s services, , particularly if you’ve never received any professional sales training. Benjamin invites us to challenge our beliefs around pitching and giving away your ideas for free which is so typically entrenched in the marketing services industry. He also shares some great examples of how to approach things differently. NB: If you don’t like swearing this isn’t the episode for you. Please go and follow Benjamin on LinkedIn, his content is not only useful and practical it’s very different to the usual stuff you see about sales. http://www.linkedin.com/in/benjamindennehy/ www.salesmatrixcourses.com www.uksmosthatedsalestrainer.com www.youtube.com/c/UKsMostHatedSalesTrainer If you’re listening to this at the end of 2023, I’m opening enrolment soon for my one year Account Accelerator training and coaching programme that starts on 11th January 2024. It is designed to give those responsible for account growth in the agency the entrepreneurial skills and mindset to support the growth of your client accounts and your agency. If you're in account management at any level or you have someone in your team who this might be suitable for, please send me an email to jenny@accountmanagementskills.com or drop me a DM on LinkedIn and I’ll let you have all the details when they’re available so you can decide if it’s a good fit. Places are limited for the January cohort. https://www.linkedin.com/in/jennyplant
How agency leaders can help account managers to grow existing client business, with Jenny Plant09 Oct 202300:19:35
This episode is for agency leaders who are supporting their account manager to grow the existing client business. I’m going to share tips for ensuring the agency leadership team are providing the right level of support to their account management team in three key areas; 1. Providing the commercial context 2. Internal processes 3. Relationship risk management If you are an account manager, or you have an account manager or account director or client services director in your team, who you want to provide with the mindset and the skillset to grow the existing business, then we will be opening applications soon for the Account Accelerator programme, a year long programme we're kicking off in January 2024. We'll have an initial nine week period where we give you all the training, all the strategies, a toolbox of different ways that you can grow your business, and then you will also receive the support from me to implement. You'll also join a peer group on Slack with other account managers, account directors, group account directors, client services directors who are all doing the same thing. If you're interested, please contact me on LinkedIn or send me an email at jenny@accountmanagementskills.com or visit the Account Accelerator programme page on my website. We'll be updating the website very soon with a full page of all the learning outcomes that you can expect to achieve.
A creative director's perspective on account management, with Joey Tackett05 Sep 202300:45:29
Welcome to episode 93. If you’re working in creative agency account management you know how essential it is to have a positive relationship with your creative director built on trust. I asked Creative Director, Joey Tackett, to join me and discuss what’s most important to him about working with account managers so we can see account management through the lens of the creative team. Joey shares: 1. The key skills he believes AMs need to be respected by their creative team 2. Where the relationship can break down and why 3. How he diffuses tension between the AM and creative team 4. Some useful tips for making your client presentations more impactful I hope you enjoy the insights from my chat with Joey and pick up some tips to help you in your account management role. If you want to develop your account management skills, be seen less as an order taker and more like a consultant by your clients, then check out the details of my 9 week Account Accelerator and 1 week Account Booster programmes on my website https://www.accountmanagementskills.com.
How an SEO agency is automating their internal workflow using AI tools, with Dale Bertrand22 Aug 202300:39:41
Welcome to episode 92. This episode is for you if you’re curious to know how an SEO strategy agency is using AI tools to reduce the amount of repetitive, tedious tasks and free up the team to work on more of the strategic thinking for their clients. Dale Bertrand, Founder and President of Fire&Spark shares with me: • How AI tools have reduced his team’s workload and improved efficiencies • A step by step breakdown of his internal automated workflow • Why creating predictive models might end up being your agency’s secret sauce • What Dale now looks for when hiring new team members I think you’re going to enjoy this chat and hopefully come away with some inspiration to look more closely at your internal processes to see where you can speed them up or eliminate them altogether. I’m now sharing examples of relevant AI tools that account managers can use for those who come on my Account Accelerator training programme. The training is designed to help those in agency client service at every level to have a more systematic and predictable approach to client growth. The client-centric learning outcomes include being more consultative with clients, adding more value proactively and having sales conversations without feeling salesy. If you or a member of your team is interested to find out more, all the details about the 9 week Account Accelerator programme as well as my shorter 1 week Account Booster programme are on my website: https://www.accountmanagementskills.com
How to productise your agency’s value, with Brian Kessman23 Jul 202400:54:06
Welcome to episode 118. On the last episode, I interviewed the brilliant Tim Williams from Ignition Consulting group about pricing strategies and why agencies need to sell outputs and value and not hours, particularly given the rise of generative AI. If you haven't listened to that, I'd recommend you go back and listen to episode 117 because Tim shares so many different aspects of why we need to do this as agencies. Today's guest, founder of Lodestar Agency Consulting Brian Kessman, continues this theme and shares how to make that shift to a value led revenue model. In this chat, we talk about: - what it means to productize your agency's value - the benefits it can have on your agency's financial and operational performance - how the agency is set up to work in this model by department - and the skills you'll need in your account management role to be successful with this new way of working. Please check out Brian’s website because there's a detailed 15 minutes presentation called ‘Shift Your Agency's Model from Commoditized Services to High Value Solutions’, and it's well worth a watch if you're interested, particularly in diving deeper into value led revenue models. https://www.lodestaragencyconsulting.com If you're responsible for managing client relationships and for delivering the commercial value to your clients and growing your accounts, I'm going to be running a mini training webinar in the summer of 2024, so if you'd like to be notified about when these go live, you can do that by going to my website, https://www.accountmanagementskills.com and signing up to receive my weekly emails. I typically share tips and strategies for commercially minded account managers.
How agencies are navigating the legalities of AI use, with Sharon Toerek08 Aug 202300:37:02
Welcome to Episode 91. This episode is for you if you're interested in how the AI landscape is changing for agencies and what you need to know from a legal perspective about your use of AI. I chatted with Sharon Toerek, Founder and Owner of Legal + Creative| Toerek Law.  The topics that we covered include: - the ownership of the outputs - potential protection of your inputs - designing policies and contracts, including clauses that will cover your freelancers and relationships with contractors, and not to mention your strategic partnerships with other agencies. - future developments and what's foreseen to happen, as well as the current US legal environment. So lots and lots of different topics that we're going to cover today. We will include all of her details in the show notes on my website here: https://www.accountmanagementskills.com/podcast We also ran an AI for Account Managers webinar recently together with Roy Murphy and the recording has been asked for several times. If you don't want to miss out on any future mini trainings we're doing in this area, then please sign up for my newsletter via https://www. accountmanagementskills.com and we'll make sure that you get notified of future podcast episodes and any mini trainings.
How does a non-billable CSD spend their time in an agency?, with Luke Bowler19 Jul 202300:44:42
Welcome to episode 90, which is for you if you’d like to know what a non-billable CSD does in an agency. Luke Bowler from Therefore Interactive joined me and he shares: · How he went from studying to be a designer to moving to the account management role · Why his CSD role is non-billable and how he decides where best to spend his time · How he interacts with the project management team who are running the day to day projects · How he cleverly keeps abreast of his client’s industry news despite the fact they’re spread across multiple industries · The project management tools his agency is using as well as how they’re incorporating AI If you’re listening to this episode before 20th July 2023 I’m running a free webinar on AI for account managers. Roy Murphy from Synthetic is going to provide an update on the current AI landscape, how brands & agencies are using AI, ethical considerations and challenges and we’ll be sharing some specific use cases for account managers. You can sign up to join live and also receive a recording. https://us02web.zoom.us/webinar/register/WN_Pxcr6NIuSZ-rs84h7Lap3A If you don’t want to miss out on future free trainings, you can sign up to my newsletter by going to https://www.accountmanagementskills.com
What a senior account director does in a brand strategy agency, with Andy Kaye27 Jun 202300:39:38
Welcome to episode 89. This episode is for you if you're curious to understand what a senior account director does in a brand strategy agency. I chat to Andy Kaye, senior account director at Mr B & Friends and we discuss: - the importance of being proactive with clients and staying informed about industry trends - share tips on staying up to date with your clients business - discuss how often you should be looking at your forecast - why and how to build strong client relationships that result in clients coming back to you - and how to transform your internal briefing process to make it more experiential - and lots more... You're going to take away some great tips from this episode that you can go back to your agency and use. And if you're in an agency account management role and you're keen to be seen by your clients as more of an advisor than a reactive order taker, then check out the details of my account management training courses. We are kicking off both the one week training and the nine week training in mid July 2023 and you can find all the details on my website: https://www.accountmanagementskills.com
Agency processes and client management with Rob Da Costa06 Jun 202300:49:12
Welcome to Episode 88. My guest is Rob Da Costa, an agency growth consultant from Da Costa Coaching. We discuss a myriad of topics, including: - the process for hiring the right account manager at your agency - examples of how to set client expectations and boundaries - why having a written scope of work is key to successful project delivery - and Rob's thoughts in general on the agency landscape and the future of agencies. During our chat, one theme keeps emerging, which is ensuring you have the right systems and processes in place in your agency. You’ll therefore understand why he wrote ‘The Self Running Agency’, which free to download on his website. https://dacostacoaching.co.uk/
How to negotiate with procurement, with Mike Lander18 May 202300:46:42
Welcome to episode 87. In this episode, I chat to Mike Lander, CEO of Piscari, a former procurement director who now assists sales teams in negotiating with procurement departments. Mike and I discuss: - the common mistakes agencies make when negotiating with procurement - what procurement looks for when selecting an agency - and why they are interested in your financials. We also dive into a five-step framework to help you negotiate more effectively and shed light on some questionable tactics employed by less experienced procurement professionals. During this conversation, you'll gain valuable insights into the world of procurement negotiations. Be sure to follow Mike on LinkedIn and grab a free copy of his guide from his website. https://www.linkedin.com/in/mikelander/ https://piscari.com/negotiation-guide/
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