A Closer Look at Agency Search Firms – The Future Factory

This blog post series looks in depth at firms from our List of Agency Search Firms. These are businesses who help to match brands with agencies, while helping those agencies handle pitches and get meetings. You’ll learn exactly what agency search firms do, the different services offered and what your agency needs to look for in a search firm.

The Future Factory profile

This week we’re looking at The Future Factory, a London based cold calling firm. The Future Factory aims to create leads for agencies listed with them by calling up potential clients and offering services on their behalf. The most interesting thing about The Future Factory is their hands on approach to their clients and business in general. They opt to work so close to the client, even spending several days in their offices, to really understand the agencies they work with. In doing so they then fully understand the best approach to take when cold calling for them and it develops quite a close relationship.

The Future Factory

The Future Factory

They offer:

  • Cold calling work search services for agencies.
  • Relationships management services for agencies.
  • Provide brand research and feedback for agencies.

Services for Agencies

By spending 8 days per month, half of that time in the agency’s offices, The Future Factory get clients for agencies by cold calling potential brands. They research these brands and develop relationships with them.

Before this is undertaken however they go through a rigorous understanding process whereby they get to know the agencies business and core principles. They also pass on all information about brands they get work from to their agencies and make sure they are well prepared for the meeting. In this way The Future Factory double as a relationship building firm.

Services for Brands

The Future Factory provides no services to brands directly. Rather they research what services they could provide brands and call up those brands based on a set of unknown criteria.

Charges and Fees

Monthly membership subscriptions are the only apparent payment The Future Factory takes. They decide total monthly costs based on meeting and negotiation (this may be fixed for every agency but it is unclear). These fees may possible be extended each time they win work for their clients but again this is unclear.

Key members of staff – from Linked In

Who is The Future Factory right for?

Agencies who like a hands on approach to client work will find The Future Factory to be greatly accommodating. They work closely with their clients and their testimonials suggest they regularly bring in work. They also benefit those agencies not wanting to get in too deep with an agency search firm through the monthly subscription service, meaning you can cancel any month if it’s not working out.

The risks seem low and the potential rewards seem high, so working with The Future Factory could be a good way to test the waters for newer agencies. If your relationship procurement and development skills are high as an agency though, you might want to go for more of a listing service so you have a greater presence online.

Shortcomings

No listings, only calls – With no listing or extra exposure, The Future Factory is only good for bringing in clients directly. This means if you are already a star agency at procuring and developing relationships then they may not do too much for you. If you’re looking for a greater online presence, better go with a company that  lists your on their website for seeking brands to find.

For a full list of companies in this blog post series, click through to the

Agency Search Firms Listly

A Closer Look at Agency Search Firms – Public Relations Consultants Association (PRCA)

This blog post series looks in depth at firms from our List of Agency Search Firms. These are businesses who help to match brands with agencies, while helping those agencies handle pitches and get meetings. You’ll learn exactly what agency search firms do, the different services offered and what your agency needs to look for in a search firm.

For this week we’re looking at the Public Relations Consultants Association (PRCA), an agency search firm concerning all things PR related. They do this by providing paying members (agencies) with industry data and helping them network with prospective clients.

PRCA

PRCA

They offer:

  • Agency search services where prospective clients can search through agencies listed with PRCA.

  • Offer data to paid agency members to further define their field of work and help them adapt to their environment as a company.

  • Networking opportunities, events and page listings for paid agency members to be found by prospective clients.

  • Training and qualification services aim to support practitioners in achieving their professional goals.

  • Mandatory communications management audits for agencies becoming members of PRCA.

Services for Agencies

Agencies can sign up to become a member of PRCA to gain access to a wide variety of benefits. Aside from being placed on the PRCA website to be found by clients, PRCA also help agencies train up for proposals and provide them with opportunities to network. One way they do this is by putting on various events where both agencies and prospective clients are encouraged to attend. PRCA take it one step even further by providing agencies background information and updates on the PR industry.

Services for Brands

If you’re a brand looking for an agency, PRCA provides many opportunities for you to have face time with a range of agencies and better understand what it is they do. Outside of having an agency search engine for brands on their website, brands are openly encouraged to attend meetings and events filled with agencies ready to strut their stuff. An example of this would be the “Hill + Knowlton strategies meeting” inviting senior experts from across the PR industry to speak on various topics.

Charges and Fees

PRCA runs a membership model where agencies pay on a regular basis to take advantage of a full range of services. These come at multiple levels of annual memberships for multiple type of agencies including::

  • Individuals

  • Regulation and registration

  • Students

  • Freelancers

  • Consultancies

  • In-house

  • International agencies

Key members of staff

Who is PRCA right for?

PRCA are an all inclusive package for public relations agencies to improve their skills and gain client work. Training provided by PRCA may be more or less helpful depending on the agency undergoing that training but offers that as a strong incentive to be involved as a member. Their offerings are perfect for an agency to get in, learn some skills, make a few clients and then leave if they so choose. Being membership based makes it flexible for an agency to move in and out of their system so it’s easy to test the waters and be involved in several of their events and courses early on in a working relationship with them.

Shortcomings

Hands on appraoch – Their entire search and development system is more face to face and hands on, rather than a single easy to use and searchable presence for an agency. This could be a blessing as getting clients to interact with an agency is often what they are after.
On the other hand though it does mean an agency spends much more time out of the office and engaging with prospective clients rather than working on current ones while waiting for their presence on the website to bring in more.

PR focus – PRCA focus on public relationship management service agencies first and foremost, rather than the entire range of marketing agencies out there. So if you’re looking for an great all inclusive services agency, but aren’t quite as focused on PR as you are other marketing activities, this may not be the search agency for you.

For a full list of companies in this blog post series, click through to the Agency Search Firms Listly

Warm email introduction – copy this campaign

Ever got an introduction to a new business prospect and wondered why they didn’t reply to your email enquiry?

Let us show you how to guarantee they read your message

Burning_Email_Symbol

Scenario:  Rebecca (that’s me) introduces you to Jonathan Lewis.  Hey, you should meet Jonathan, I’m sure you guys could work together.

What happens next is one of three possibilities

  1. Rebecca emails Jonathan and cc you into the message – this is the best possible next step because Rebecca is known and trusted by Jonathan so he’ll open the message and see the introduction.  PLUS you are cc so he gets your email and you see his and can reply direct keeping Rebecca cc if appropriate.
  2. Rebecca says she’ll email Jonathan and ask him to get in touch – this is the worst possible next step because you have no control over whether she does it, what she says, you don’t get Jonathan’s email address and you don’t see the message.  AVOID
  3. Rebecca gives you Jonathan’s email so you can get in touch – this is the median situation.  Your message will arrive in his in-box but he doesn’t know you, your email address won’t be white-listed and you risk being ignored

How to overcome scenario 3 above.

Your email subject line is critical

Writing this email is important – it’s your one big chance for Jonathan to notice you and make direct contact.

Ready for the perfect subject line?

Subject: Rebecca Caroe

Yes – that’s it.  Make the introducer’s name the subject of the message – this will grab their attention and they will surely notice your message.  Why is he writing to me about Rebecca?  Hey, I know Rebecca maybe that’s news about her?

Dear [First Name]

Rebecca Caroe and I met this week and we were talking about [name the project / expertise] and she has recommended you and I connect.  Her reason is that we are [state your business] and we need [state their business].

Can we fix a time to speak.  I am available on [name 2 dates and times here – at least 3 days ahead of today].

Very much looking forward to learning more about [name their business].

[your name]

Why this email works

It sets the context quickly – it does all the ‘thinking’ for the recipient.

You should be trusted with one phone chat or meeting because of the mutual connection (Rebecca) and you’ve given them an easy route for the reply message by suggesting the dates.

Go on, try it and tell me whether it worked for you!

New business development copywriting: Stalled prospects

September is the time business gets down to work after the summer break.  Blair Enns at the Win Without Pitching team say this is the perfect time to clean out your list of prospects and new business opportunities.

Find out which ones are going to buy and which aren’t worth your time chasing further.  Blair writes

Below is a simple email template that you can use to raise deals from the dead. It works throughout the year but this week, more than any other period in the calendar, is when it works best.

THE EMAIL

It was taught to me as The Takeaway but I refer to it by the subject line that I prefer: Closing The Loop. Draft it, modify it if you dare, but send it to all those prospects you were talking to over the summer about real projects only for them to disappear on you. That’s the intended purpose of this email – to raise deals from the dead and solicit a response from someone who has been avoiding you over the summer.

Your natural inclination is probably to do the opposite of what I’m about to suggest. Resist. Do not send an overly polite email. Do not make excuses for your prospect’s behaviour over the last few weeks. Do not email in pursuit of a yes or even an answer. No, your mission is to strip away all emotions and matter-of-factly just let your prospect go. Below is how to do this and then what to expect afterwards.

Ready?

Read the detailed email Blair recommends

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