Pre bank holiday thought before I celebrate Leicester City Football Club lifting the Championship trophy tomorrow...
As the Managing Director of a creative agency frequently invited to pitch, I've come to a firm conclusion: creative briefs with a budget of less than 6 figures, particularly those with production elements, should not be subject to competitive pitches.
Our agency, along with others, can easily invest upwards of £20,000 in strategic and creative efforts during these pitches. When you consider that three to four agencies are often competing for the same project (we once pitched against TEN!), the potential return on investment diminishes significantly for the winner.
I respectfully believe that production-based projects with less than 6-figure budgets should be awarded based on credentials and chemistry meetings. This approach ensures that both the client and agency embark on the project with a clear understanding of expectations and capabilities, thereby reducing financial risks and fostering a more sustainable, respectful partnership. You also don't waste so much time up front and can spend that 'pitch budget' on actual output.
More than happy to chat further with any marketing directors / managers / etc. looking to place creative briefs for the remainder of 2024, whilst making the best use of their budgets.
Cheers, and have a good weekend all.
jr. staff writer @ hubspot 👩🏾💻 | former dei intern @ ulta beauty 💄 | gen z + deia advocate ⭐️ | content marketer 💻 | first-gen grad + emerson college alum 🎓
2moi love seeing MULTIPLE black women eating the award nominations up! IKDR. (i see you Danisha Lomax!) 🫶🏾