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the nuances of each client is crucial to good client relationships.
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By Judith Hector
So what keeps a client coming back? A cool office helps, sure. Great
creative is a given. Shelves full of industry awards help, of course.
Lots of golf? Maybe. But the real reason a client sticks around year
and after?
It's the strong personal relationship that matters most.
Account executives are the traditional liaison between clients and the
agency. They push creatives, pull the client, take the flack, and massage
jobs to keep the work flowing. They are the first line of defense in
keeping clients and a key element to your agency's success.
With the uncertain economy, there are fewer advertising dollars to go
around -- and lots of hungry agencies fighting for the same accounts.
So who wins it? Surprisingly, it isn't the lowest estimate, the flashiest
design, or the cleverest presentation. Now more than ever, accounts are
won -- and kept -- because of outstanding client service.
But don't jump on your AEs and start demanding better client retention
and new jobs right away. First, give them the momentum of an agency-wide
strategic plan that brands your agency as customer-centric. Think exceptional
service. Think long-term relationships. With a new, stronger agency position
-- and the synergy of a singular focus behind them -- AEs can safeguard
their current accounts and bring in new Biz.
Thank you, come again!
A recent survey shows that client-agency relationships are shortening
from an average of 13 years to 7.6 years. Two main reasons clients called
for reviews are that they are dissatisfied with the incumbent, or they
felt they outgrew the agency's abilities.
Here's another painful statistic. When the incumbent is invited to compete
for the work, clients choose it only 20% of the time.
Continued on the next page
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Account management tips from the Clients & Profits experts.
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