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Agency Search Costs

 

In the land of agency search firms, not all search firms are created equally. There are different options available to your company, but beware, the costs associated with each search option can be very misleading. Below is a cost analysis breakdown for you to review many of the typical costs associated with the agency search options from an in-house search to the two other primary search firm options (online and traditional), and our search process.

 

In addition, we have broken down some of the typical costs associated with each search option into sub-categories for you to see the real difference in each search option and be able to compare apples to apples, instead of apples to oranges.

 

After reviewing the analysis below, you will see comparing Marketing Sense to the other search options is really like comparing apples to oranges. Take a moment to review the costs and you will see that Marketing Sense International is the definitive leader in agency search options.

 

Agency Search Costs Analysis Chart

 

Agency Search Costs without Labor

  Online Search Firm
Traditional Search Firm
Marketing Sense International
Search Costs      
Up-Front Costs No Cost Up to $200K No Cost
Optional Search Related Services      
Business & Operational Evaluations Up to $100K Up to $100K No Cost
Strategic & Brand Review Up to $75K No Cost No Cost
Agency - Client Review (6-Months) Up to $75K No Cost No Cost
Agency - Client Review (1-Year) Up to $75K Up to $75K No Cost
Total Search Costs
Up to $325K
Up to $375K No Cost

 

Agency Search Labor Costs

  Online Search Firm 2
Traditional Search Firm 3
Marketing Sense International 4
Estimated Labor Costs                 
Executive Management 1
$37,987 $28,490 $28,490
Marketing Staff 1
$32,260 $25,808 $16,634
Support Staff 1
$2,447 $2,447 $1,631
Est. Total Labor Costs $72,694 $56,745 $46,755

 

Total Agency Search Costs

  Online Search Firm Traditional Search Firm Marketing Sense International
Est. Total Search Costs            Up to $397,694 Up to $431,745 $46,755

 

The chart below lists common issues often associated with conducting an agency search. These issues can be costly to your organization in the event they occur during the search and selection process. By utilizing a professional search firm, you can virtually eliminate any such risk, ensuring that your bottom-line is protected. In the event that one of these issues arises during the search, you can be sure that there will be more to follow. Rarely will one issue occur without triggering other issues as a result.

 

The costs associated with these problems can, on average, add upwards of $1,500.00 per million dollars of a marketing budget, per day. Therefore, in this example (a $2,000,000.00 marketing budget) the costs could exceed $180,000.00 over a period of just 60 days.

 

Search Related Issues Chart

  No Search Firm Professional Search Firm
Incumbent Notification Often Never
Loss of Key Management and or Staff Sometimes Never
Press Interferes Often Never
Review Goes Public Often Never
Stockholders Loose Confidence Sometimes Never
Unqualified Agencies (No Certification) Yes Yes 5 (No w/Marketing Sense)
Rating for Each Option Bad Good

 

If you have any questions regarding any of the costs or services listed in this chart, contact our client relations team via the contact form or via email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it today for more information.

 

Notes Regarding the Charts

(1) Common employee breakdown for a company seeking to place a similar marketing budget. The Breakdown is as follows: Executive Management – CEO, CFO, COO; Marketing Staff – EVP Sales and Marketing, Marketing Manager, Public Relations Director, Product/Brand Manager, and a Marketing Assistant/Coordinator; Support Staff – Executive Assistants and Administrative Assistants. (2) Based on a 3-month search with executive management averaging 4 hours per week, marketing staff averaging 10 hours per week, and support staff averaging 3 hours per week. (3) Based on a 3-month search with executive management averaging 3 hours per week, marketing staff averaging 8 hours per week, and support staff averaging 3 hours per week. (4) Based on a 3-month search with executive management averaging 3 hours per week, marketing staff averaging 5 hours per week, and support staff averaging 2 hours per week. (5) Only Marketing Sense requires Agency Certification for all Agency Partners.

 

 

 

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