The promise(s) of New Business
A recent Semrush study (“How Companies Look for Marketing Agencies”) spat out some great facts and figures for me to base blog entries on.
One of my favourite parts of this report was a “Top Ten” of the biggest red flags that turn businesses off and affect an agency’s chance of success. There are some obvious candidates in the mix (poor communication, lack of expertise, etc.) but in at number three is “overpromising results”.
This is an incredibly hard one to get right and we’ve fallen foul of it ourselves many many times - not so much in the delivery stage, but in the pitch stage.
It’s a moral dilemma as much as anything: do I lie to you now to win the business (but have to face you when the exaggerated results never appear) or do I tell the truth from the start, setting things up realistically but risking not being hired to begin with?
We’ve always chosen to be honest from the very start but (I won’t lie) I’ve often wondered if we’d win more business if we just promised the moon to trick new clients onboard (I’m pretty sure others out there are doing that as standard).
The report isn’t necessarily geared towards a new business agency such as Sponge, but the dilemma remains none the less: how do you balance promising the kinds of results the client wants to hear versus the kind of results you believe are achievable?
The answer is… “I don’t know” (oh sorry - you thought I knew? Apologies!)
I would however suggest promising the kinds of results that are going to challenge your team. That way, even if you miss certain KPIs along the way, your client will - one would hope - certainly be able to see and appreciate the effort being put in.
Good luck. Oh and watch out for the minefield on your right.