Every Series B Startup needs a marketing plan and a great ad agency to implement it.
Finding the right ad agency partner can be a daunting task for startups, particularly for those in their series B phase. A good creative agency, like the team at Division of Labor, can help a startup reach its target audience and increase brand awareness. But, let’s be real, a crappy ad agency can result in a waste of resources ineffective campaigns, and a short tenure for the chief marketing officer. To keep heads from rolling, here are six tips to help you find the right ad agency for your needs:
Define your goals: Before you start looking for an ad agency, it's important to clearly define your marketing goals and what you want to achieve. This will help you find an agency that specializes in your industry and has the right credentials to meet your needs. You’ll also need to have some ballpark figures on your media, strategy, and creative budget.
Look for a strategic partner: An ad agency should not only create effective ads but also provide valuable insights and strategy to help your business grow. Look for an agency that will work with you as a partner, not just a vendor.
Consider the agency's portfolio: Look at the agency's portfolio and case studies to see if they have experience working with companies in your industry and if they have a track record of success. This will give you an idea of their capabilities and what kind of results you can expect. Analytics that show success with one client’s business are not a guarantee of success for your business. But it’s the strongest indicator that the agency knows its stuff.
Check references: Ask the agency for references from current or past clients. This will give you a better idea of their work and how they interact with clients. Make sure to speak with several references to get a balanced view.
Evaluate the company culture: The relationship between a startup and its ad agency can be a long-term one, so it's important to make sure the agency's culture aligns with your company's values. Look for an agency that shares your passion and understands your vision.
Be realistic about budgets: It's always a good idea to get quotes from several agencies to compare prices and services. This will help you find the right balance between cost and quality, and ensure that you get the best value for your investment. No one wants to overpay for goods and services. But, hey, would you go to the cheapest dentist? Or would you prefer that the person drilling into your tooth charges what they charge because they know what they’re doing? Just a thought.
########
The Small Agency Blog is produced by Division of Labor; a top San Francisco ad agency and digital marketing firm that’s been named Small Agency of the Year twice by Ad Age. The award-winning creative shop services clients on a retainer or project basis. They also offer brand consulting services and hourly engagements for startups and smaller brands. Click here for a free consultation.