Jerry Maguire's mission statement still rings true for so many agency-client relationships. In the movie Jerry Maguire, Tom Cruise plays a slick sports agent who writes a manifesto. He decries how agencies value their clients as paychecks instead of as people, and then goes on to challenge other agencies to think about the welfare of their clients.

The advertising industry was then, and is still today, self-serving. Many agencies boast about putting their clients first, but few actually do it. The industry is money-hungry, and it's driven by one-upmanship.

To be considered a top agency, you have to win awards, entering into many award categories and producing top-notch content and campaigns. And that costs money, lots of money, which is ultimately sourced from clients.

Yet, at the end of the day, those awards are not in the best interest of the client, right?

  • Will it get the client more business? Most likely not.
  • Will it get the agency new business? More than likely, yes.
  • Will the agency's staff be less involved in client projects due to award silly season? Definitely yes.

The end result is that the agency wins (literally), and the client ends up paying for it.

Perhaps it's time agencies re-evaluated their mission statements and standard operating procedures. Here are three still-relevant catchphrases from Jerry Maguire that agencies can learn from.

1. 'Show me the money!'

Undoubtedly, "show me the money!" is the most famous catchphrase from the movie. Jerry Maguire is made to shout it so that he can keep his client. Simply put, Maguire's client was interested in neither a "pie in the sky" sales pitch, nor a high-maintenance and demanding agent. Instead, he wanted results. He wanted to see money in the bank. He wanted tangible evidence that Jerry Maguire's asking price was worth it.

Which raises this question: Should that not be the status quo? And why are more clients not demanding it of their advertising agencies? "Show me the money! Show me my return on investment!"

But why is it, more often than not, that the agency is demanding more and more money from clients, with nothing more than a fickle promise of results?

There is no doubt that traditional ad agencies are under threat. Marketers are becoming more and more tech-savvy. They are no longer fooled by uneventful metrics, such as cost per thousand (CPM) impressions, reach, or exposure. Don't even think about pitching a retainer without a performance-based KPI. What clients want is action-driven, proven results; Metrics like cost per lead (CPL) and cost per acquisition (CPA) are what now interest tech-savvy marketers.

With monthly retainers as high as $20 000+ per month and hourly rates between $350 and $500, it is little wonder that clients are starting to demand more action-driven results from their agencies.

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Ad Agencies Should Stop Charging Clients Up Front: Three Lessons From Jerry Maguire

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ABOUT THE AUTHOR

image of Carey Dodd

Carey Dodd is marketing manager for Siren Group, a performance-based advertising agency that invests its own capital in ad campaigns. Clients pay only for agreed-upon results (CPA, CPL)—not for exposure (CPM/CPC).

LinkedIn: Carey Dodd