How many agencies should be on a pitch shortlist?
Three is plenty. Ten agencies pitching for one job is nine wasted efforts that clients end up funding through somebody's fees.
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Clients do. An agency that wins one pitch in four covers the cost of the three it loses in the fees of the clients who say yes, so every speculative pitch is funded through somebody's day rate. The pitch also tests the wrong skill: it shows who presents best, not who will deliver for eighteen months. A better selection uses a real brief with a budget, a shortlist of three, a small paid discovery exercise, and a judgement based on past work and the named team.
Every free pitch you have ever run was paid for. By you, in the fees of the agencies that won.
I have sat on both sides of this table: inside agencies deciding whether to chase work, and beside clients running selections. From both seats, the free pitch looks like the industry's worst habit, one that everyone complains about and everyone keeps funding.
Follow the money. An agency that wins one pitch in four has to cover the cost of the three losses somewhere, and there is only one place: the fees of clients who say yes. The speculative creative, the mocked-up campaigns, the partners' weekends lost to a deck, all of it lands in the day rate. Free pitching is not a gift from agencies to clients. It is a tax that clients collectively levy on themselves, administered through agency overheads, with a good chunk lost in the friction.
I watched a small agency confront this honestly. When we tracked where its money actually leaked, it was not in delivery. It was in the pitches it should never have chased: wrong-fit clients, mispriced scopes, briefs the agency could not win and should not have wanted. Tightening the qualification, walking away earlier, sending fewer and better proposals, cut proposal time roughly in half. That is margin recovered from theatre, and every agency has it.
Even set the cost aside and the free pitch fails on its own terms, because it answers the wrong question. Speculative creative, produced in two weeks, by people who have never met your customers, judged in a beauty parade, tells you which agency pitches best. You are not buying pitching. You are buying eighteen months of delivery, and the skills barely overlap.
Worse, the pitch is often the last time you see the A-team. The senior people who dazzled in the room are selling to someone else by week three, and the work lands with whoever was free. The performance was real; it just was not a sample of the product. Choosing an agency by its pitch is choosing a builder by the brochure and never visiting a house they built.
Selection that works costs less and reveals more.
Write a real brief, with the problem, the constraints and the budget in it. Half of agency waste starts with clients who will not name a number; agencies then guess, and you pay for the guessing. A tight brief plus an honest budget shrinks the field on its own, which is the point.
Shortlist small. Three is plenty. Ten agencies pitching for one job is nine wasted efforts you will eventually fund through somebody's fees, if not this job then the next.
Pay for the thinking you want to judge. A modest paid discovery exercise, a day or two against a real slice of your problem, tells you more than any speculative campaign, because you see how they actually work: the questions they ask, the people they send, what they do when the problem resists. Agencies do their best thinking when it is not a loss-leader done at midnight.
Then judge conversations and evidence, not theatre. Past work, referenced clients, the named team that will actually turn up. The agency that asks you awkward questions in the room is usually the one worth hiring; the one that agrees with everything is pitching, still.
The strange thing is that almost nobody defends free pitching in private. Agencies resent the waste, clients quietly suspect the theatre, and the habit survives because each side thinks the other expects it. Someone has to stop first. Clients hold the pen, so it is easier for them: shortlist small, pay for discovery, and watch the quality of what you see go up while the real cost goes down.
And if you run an agency: qualification is a profit centre. The best pitch decision most agencies will make this year is a no.
Three is plenty. Ten agencies pitching for one job is nine wasted efforts that clients end up funding through somebody's fees.
Treat qualification as a profit centre. At one small agency, walking away from wrong-fit briefs and sending fewer, better proposals cut proposal time roughly in half.
Most clients begin with a conversation. No pitch, no hard sell.
Just a straightforward discussion about where you are and whether I can help.
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