Before beginning the pitch process, you need to make sure you have full stakeholder alignment, defined objectives and clear evaluation methodologies. In running the media pitch, a structured and objective approach is essential as this removes ambiguity and subjectivity, ensuring that prospective agencies are clear on what you expect of them at every stage and understand how decisions will be made.
The media pitch should stress-test participating agencies in appropriate ways. Using challenges aligned to your media ambitions will help ensure that the chosen agency will meet your business needs and the requirements of all internal stakeholders. And remember, the winning agency needs to be held accountable for the promises they make in the pitch process.
Running a media pitch is a significant undertaking and can be a distracting and disruptive process for everyone involved, including the incumbent agency. The more efficient and organised your media pitch is, the less disruption there will be to your daily media and marketing operations.
The management of the media pitch process has evolved. Most big media agency pitches of yesteryear saw procurement take the lead in a heavily-price driven process. The desire for substantial and immediate cost savings would often eclipse guarantees of media neutrality or demands for quality of media placement. Instead, the agency that could combine a race to the bottom on price with a few shiny ideas usually won the business. It was an unsustainable approach that did little to ensure that a brand’s media investment delivered real results.
Today’s advertisers look beyond price alone when selecting a media partner, and they are much more enlightened in the questions they ask and the relationships they want to build. Collaboration is key, with marketing and procurement working together to ensure that the winning agency is the right fit for the company and will deliver both value and improved media quality to the business.
This positive approach to running a media pitch gives you much more scope for challenging agencies in interesting and dynamic ways. When designed correctly, media pitches should excite and enthuse agencies about working on a business, rather than compounding the pitch-weariness of execs tasked with endless RFI template completions. Ultimately, this delivers a more positive pitch experience and a satisfying end result for advertisers and agencies alike.
Media agency pitches carry a lot of
To achieve this takes work from all sides. From the start, it’s vital that the brief is clear and details all the relevant requirements. This includes outlining exactly what is required for an agency to win the pitch, so it is important to share the client’s objectives and evaluation
Many media pitches are flawed by poor quality communication, both internally and externally. This can dangerously undermine a successful pitch by leading stakeholders on both sides to lose interest, energy and commitment. Equally, many pitches leak to
In some cases, the amount of value you get from your media investments is at the discretion of the agency, meaning the more committed they are to you and your ambitions the more likely you are to have a productive partnership. Securing an agency’s full commitment to your review can pay dividends in unlocking new productivity in media, so consider making a small gesture, such as covering some of each agency’s pitch costs. It will be greatly appreciated and could pay for itself many times over in value delivery from the winning agency.
In the later stages, when you come to compare the final proposals, it is essential that there is no ambiguity: the winning agency must be held accountable for their pitch promises.