The speaker advises against long-term agency contracts, including standard 12-month deals. The rapid pace of change in marketing makes quarterly planning and month-to-month contracts more effective, preventing businesses from being locked into underperforming or outdated strategies.
When a buyer insists on a "termination for convenience" clause, explain that it nullifies the "length of commitment" lever. This effectively changes a multi-year agreement into a month-to-month one, which logically carries a much higher price (e.g., a 30-35% increase). This frames the clause not as a legal term, but a commercial one with a clear cost.
In today's fast-moving environment, a fixed 'long-term playbook' is unrealistic. The effective strategy is to set durable goals and objectives but build in the expectation—and budget—to constantly pivot tactics based on testing and learning.
Effective marketers focus on creating holistic, integrated systems that adapt to any platform change. In contrast, reactive marketers get stuck in a cycle of seeking short-term solutions to isolated problems like algorithm updates or underperforming ads, never achieving long-term stability.
The marketing landscape evolves too quickly for long-term commitments. Locking into even a 12-month contract can trap you with an underperforming agency while wasting money. Insist on month-to-month agreements to retain flexibility and ensure the partnership remains effective and accountable.
Instead of focusing on long-term commitments, ask a potential agency what happens if you want to end the contract early. A truly confident partner, who believes in the results they can deliver, won't try to trap you with hidden fees or restrictive clauses.
The goal of an agency partnership should extend beyond task execution. A key qualifying question to ask is, "What will you teach me along the way?" A great partner aims to leave the client more knowledgeable and capable, empowering them to make better marketing decisions independently in the future.
To prevent rigid plans that break, maintain consistency in your high-level strategic pillars for the year. However, build in flexibility by allowing the specific tactics used to achieve those pillars to change quarterly based on performance and new learnings.
Instead of paying a continuous high retainer for PR, brands should deploy it in focused 'sprints' around specific story-worthy moments. This includes new product launches, funding announcements, or major partnerships, maximizing impact and ROI for the brand.
Unlike law or accounting, marketing is a "fat-tailed" domain where a few big ideas generate most of the value, often for years. The shift to hourly billing is catastrophic because it rewards incremental effort, not the billion-dollar ideas that create lasting value but may have taken little time to conceive.
Constantly changing digital partners prevents long-term strategies like SEO from maturing. This "vendor hopping" indicates a lack of patience and unrealistic expectations for quick fixes, ultimately wasting budget and resetting progress. Often, the problem is the client's approach, not the agencies.