An advertising agency plans, creates and handles advertisement activities on the behalf of its clients. In some cases, it also handles marketing, branding and sales campaigns. In the modern era, advertising agencies play an important role in creating a brand identity. Let us see the important functions of these agencies.
Account management & acquiring new clients
Within an ad agency, the account manager is responsible for taking all the major decisions related to a particular client. The manager is responsible for negotiating and acquiring new clients. It is the onus of the manager to develop advertising strategies for his clients.
Develop advertising and marketing plan
One of the primary roles of an ad agency is to create advertising and marketing plans specific to client needs. Ad agencies work alongside business objectives and develop engaging advertising and marketing campaigns to grab the attention of customers.
Copywriting and graphic design
Full-service agencies employ copywriters and graphic designers. While the copywriters are responsible to develop catchy taglines, slogans and content, graphic designers are accountable for designing banners, posters and brochures. Copywriting and graphic design play a vital role in advertising.
Market research
To stay competitive, it is important to analyze the market situation. A reputed advertising company employs full-time market researchers to access the situation of the client including competitors. Researchers collect important data related to a campaign.
Media planning and buying
Media planning and buying is an important function of an advertising agency. The agency decides the medium of advertisement. Since it has an extensive knowledge of the pricing and effectiveness of different media platforms, it can decide what is right for the client.
Public relations
In some cases, advertising agencies do public relations for its clients. In the process, it maintains goodwill between its clients and other parties such as customers, vendors, shareholders, etc.
Tracking of results
Ad agencies track results of their advertising campaigns regularly. If a campaign doesn’t generate the required results, it investigates the reasons behind it.