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Creating an Insight & Information Department
Instead of Bitching, I've Come Up With a Solution
Tom Martin |
Sound familiar?
Heck we could all use the first part. What I'd give to have a smart person reading all the stuff I read and synthesizing that into a single compelling document that I could review in 20-30 minutes. It would easily be worth the $1,000 or more I currently spend on subscriptions.
More importantly though, and in keeping with the spirit of this blog, smaller agencies need to have access to smart people and smart research. Whether it's just the basics of someone actively scanning current marketing writings, magazines, books and blogs and making sense of it all for us, or a more robust option that includes the aforementioned research resources. Our world demands that we have access to and utilize compelling insights to keep our work and our clients' brands relevant.
The big hurdles to this vision are usually the same for all smaller agencies -- time, money and talent. We don't have the time to actually make this vision a reality. And more importantly we don't have the freedom to dedicate a full-time employee, not to mention a talented senior one, to what is in essence an overhead position. So what do we do? We limp along, make what investments we can and if you're like me, read everything you can get your hands on before nodding off on the couch at 2 a.m. every night.
Maybe it's the sore back I've developed from falling asleep on that couch or maybe it's just that I've finally realized it doesn't have to be this way. Regardless, I'm using today's post as a call to arms for all agencies and marketers that agree with me.
Insight & Information shouldn't just be the privilege of those that have the money and size to afford it. There are smart marketers in every shop in the country and they deserve access to great insight. Even better, if we could find a way to share the costs, a Insight & Information department could even field primary studies designed to answer compelling questions that we all deal with daily. The big boys routinely do it, package it and sell it during new business pitches. Why shouldn't we smaller guys have the same chance? God knows that we are smart and creative enough to do something with the insights we'd undoubtedly glean; we just need access to them.
So in the spirit of my fellow blogger Doug Zanger's recent post about the productivity of bitching, I'm not going to bitch about it, I'm going to solve the problem. And last night, that is exactly what I did.
I've created a little microsite at www.insightandinformation.com. Nothing fancy, just a simple free hosted web page with a sign-up box. Pop over and let me know if you want to join the movement. I've created two levels -- the first is the basic level of simply receiving some kind of monthly report covering all the important stuff you should know. Not simply a CliffNotes version but true insights gleaned by a smart, senior marketer who will be doing all that reading for you.
The second level will be for partners. Those small agencies or client side marketing departments that truly would like to have some kind of Insight & Information group available to them and are willing to share the costs.
I'll then collect everyone's information and level of interest and report back here as to the outcome. If it looks like the level of interest can actually support the endeavor, I'll start the conversation with all interested parties and we'll be off. And for everyone else, I'll report back periodically here so you can follow along on our little journey.
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Tom Martin










They do exactly what you are describing: they are strategic planners who specialize in finding insights with secondary research and keeping you updated and ahead of the curve.
We have worked with them on several accounts and still do, and used them for a few of our pitches.
What I'm proposing is more of an ongoing "keep me ahead of the curve" kind of service. More of a ubermagazine that covers all the other magazines, websites, blogs, etc. and publishes monthly.
I'll keep watching. I'm eager to see where this goes.
I think the idea is too big and would benefit from segmentation around certain people, places, things, thoughts and concepts. It would also benefit from a stronger positioning and benefit; for example is it more about news and current events or long term trends and scientific discoveries? Is the purpose and use for new spawning new creative concepts, product development, cocktail conversation, or revenue enhancements or cost cutting opportunities?
The real bottom line, however, is that you might just consider opening an account with Brickwork or YMII (Your Man in India) to do the work for you on a highly custom basis. Check out this article: http://www.smartmoney.com/esquire/index.cfm?Story=20050909-outsource
Agree-- at this point the idea is still a tad unformed. Maybe this comment section can help to fix that.
As I think about what changes often in our world, I come back to technology, consumer research, cool new ideas or approaches and general consumer trending (what's hot, what's not) information as well as just being up to speed on the "must reads" books, articles, etc., that seem to be the topics of many discussions.
So, we'll start there. If it gets big enough, maybe we'll segment further.
Getting good response thus far... keep those registrations coming and be sure to tell your friends and fellow marketers.
www.tommartin.typepad.com
Narrowing to specific subjects will go a long way. And maybe the wheel has already been invented - numerous firms like Magic Wand, private researchers and specialized research collections (they're in your town & they're often free)that people think the internet replaced are already available. And you can subscribe to TOCs (Table of Contents services that supply the contents pages of hundreds of periodicals, magazines and blogs).
Good luck! - Barbara Long, Chicago, IL
Tom, planning and research needs to be a core offering of your agency, not a value-add. As our partners look at their business plans, the production income is shrinking, less valued by their clients, and less profitable. The greater value and growth potential comes from business insights and planning, resulting in much improved creative and media strategies. The net affect is that many agencies are moving to a more consultancy-based model. It's been effective, more profitable, and frankly, more fun. (Naked is this to the extreme.)
PS - I'm also interested in how others stay ahead of the curve. For the industry, my current favorites are:
http://www.web-strategist.com/blog/
http://www.contagiousmagazine.com/
and anything linked to PSFK.com
I'm sure there are many other with a vertical focus for clients. I have several blogs in my bookmarks that deal with target audience trends.
-Paul Davidson, Worldwide Partners, Inc., Denver, Colorado
As a librarian with 30 years of experience serving a variety of clients in many industries you have stated a common problem: Keep me informed of news, issues, events, and, trends in my industry. Put it in a form I can easily understand. Do this all the time.
The only successful way I have seen this done is to hire someone who: is familiar with a variety of sources, MRI, Simmons, Nielsen, as well as servies that add to the primary research, Nexis, Bloomberg, Factiva, BusinessWeek, Forbes, the WSJ, etc.; has industry knowledge; has experience in research; can assemble and summarize materials into a message that accurately describes the information; and, has the judgment to know what is important and relevant to her/his client.
Look far and wide for these people. Don't limit your search to ad agencies. It is easier to teach such a person a new industry that to teach someone from the ad biz how to do research.
And, pay them for what they will do: save you time and money and add value to the service/product you are pushing. Pat Warnock, San Francisco CA
Couldn't agree more... the person who is doing the reading, analysis is probably more important than what they are reading... anyone can push a synopsis it is the analysis of that information that is the real value.
And for all of you that are commenting that "planning and research needs to be a core offering" you're singing to the choir.
Also, for those making suggestions on other links, bookmarks they like, etc...keep them coming. I'll add them to the "sources" list on insightandinformation.com.
To quote Barbara of Glenview... "Everyone wants the dream -some expert researcher to "read" all that's out there and hand them a summary of only what they should know in their preferred format. If only..."
If only is now... we just need to be willing to support that dream with a rather minimal financial commitment.
I had addressed this subject with Phil a little while ago -that is, that brand managers have data that they need to share with their agencies: (...)My belief has been to know my client's business as well as he does, then apply my skills, knowledge, and creativity to advance his brand(s). Never will I accept a presentation without first learning about the client's business. All of these BOZO's have reams of data on how various mediums affect their sales, volumes, and profits -- and how many ad guys have seen these greatly protected scrolls of data that the Brand Manager, a data processor, has in his archives? All companies have archived data about its media use. But is this shared with the Advertising Agency? My experience has been no. I sit with these fellows and tell them that to make an informed decision I need to know their promotional history even if it goes back a hundred years -- and in many cases it does.
They are not BOZO's as I suggest, but I am puzzled why they keep strategic data to themselves.If you knew what they know, it would be easier for your agency to devise killer creative that is strategic to the category.
Thanks for the comment but I think if you pop over to www.insightandinformation.com you'll see what I'm proposing is different than what the LightHouse folks do.
And for everyone else, you might want to pop over too... I've clarified the offering a tad based on the feedback I've been receiving since this post original went live.
Tom Martin
WWW.TomMartin.typepad.com