AD AGENCIES: THE PERFECT START-UP INCUBATOR
Ad agencies are full of lateral thinkers, full of budding entrepreneurial brains. You can find all manner of genius in one place. Brilliant storytellers, great salesmen and women, risk takers, minds that can make the complicated truly simple and ambitious souls whose drive is one of the most powerful natural resources on earth.
So shouldn’t it follow that these should be the best place for new businesses to start? New inventions, new platforms, new products should be flowing out of the doors of every agency like water from a tap. Today, it’s not like that. Surprisingly, in an industry full of so much progressive talent, we are very slow to change. It’s an industry trapped by a system that dates back to the 60’s – paid by the hour to create campaigns in order to sell things.
Why not do both? Why not create campaigns that could also become businesses in their own right? So the agencies can continue to deliver to their clients but importantly set free the entrepreneurial talent within their walls.
Lets take Facebook. Lets imagine for a minute that Mark Zuckerberg works for an agency. He’s part of a team on the Nokia business, the brand with the famous line – connecting people. He’s been given a brief to develop a digital campaign to deliver on the brand promise. The budget is okay.
The way things stand today Zuckerberg would work for a certain amount of hours and he would create an idea that would be presented to the client. “Here’s a nice idea Mr. client, it’s called Facebook. It’s going to connect people,” he says. “It’s going to be big,” he pleads. The client goes for it and it gets made. It takes off and runs for a while until the budget runs out and after the campaign period it lies idle. The ‘campaign’ is finished. Zuckerberg knows it really should be expanded and he believes in it. The public want more. A business entity has been created.
But the agency, rather than back him to go for it, decide he needs to spend his time chasing after another small client to fill the budget for this year. The client owns the rights to the project but the marketing departments time and budgets are rightly devoted to short-term gains – selling the new phone on the market in Nokia’s case. That would essentially mean Facebook is dead in the water. Looking good in some award annual stacked on a shelf in a dark, dusty back room somewhere.
But what if we could change it?
Let’s think about doing it like this. We create the campaign as we usually would, meaning Nokia get their digital brand campaign. We even allow them to pay us by the hour in its development. But what we do change is the ownership of the project after the campaign period. The intellectual property rights revert to the creator and the agency, lets say after 6 months.
Where would that leave us? And in this hypothetical case, the Facebook ‘campaign’? Well, it’s always going to be Nokia that started it. Meaning their brand is seen in a good light. The agency can invest in its development knowing that it’s already consumer tested and there is a market demand meaning a good chance of success. Zuckerberg can stay at the agency and continue to create value for them. The world gets to see Facebook. Sounds good to me!
If we, as an industry, continue to stand still the alternative is that agencies lose the best creative minds, which in turn means brands lose the best people working on their business. They lose them, not to other agencies, but to their dreams. Lets make sure that doesn’t happen. Lets give everyone the opportunity to realize their entrepreneurial dreams at their agency.
Read Simon’s original article in The Huffington Post
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