Hey agency owner — it’s time to learn how to share the sandbox and work with other agencies
Building client relationships and working with other agencies can be challenging, but it is vital for your agency’s long-term success. In fact, one of the agency/client trends that is toughest for most small to mid-sized agencies is learning how to and accepting the idea that you’re going to have to work with other agencies. The whole agency of record model is crumbling and more and more clients are telling the marketplace that they prefer to work with multiple agencies. When AMI partnered with Audience Audit last fall to do some primary research with CMO types, one of the things that popped off the page was how prevalent this attitude is. Many of our respondents worked with 3+ agencies and thought they were better off for doing so. The reasons they opted for multiple agencies varied but the predominant message was — “no one agency can be excellent at everything. We would prefer to buy subject matter expertise across agencies.” The other thing the respondents told us is that they hate it when agencies bicker and try to throw each other under the bus. They end up distrusting and often firing the bigger whiner among the agencies. (You can download the research report here) Who comes out on top? The agency who finds a way to work well with the others. The agency who busts a hump to coordinate their efforts and actually recognizes what the other agencies are good at and takes full advantage of those talents. Why? Because then you are actually building client relationships. You are doing what’s best for the client, rather than worrying about the lost billable hours. Because then you are acknowledging other agencies has something to contribute. Because then you are [...]