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Search results for: agency management

Sweet Spot Client Filter

Replicate Your Most Profitable Clients If you’re like most of the 100’s of agencies I consult with… You don’t need hundreds of new clients – not even dozens. What you really need is just a few, highly profitable, stable, good-fit clients. Fact is, that’s probably all it would take to drive your business to the next level and help you get the the profit benchmarks you need. I designed the sweet spot client filter to help you do just that. Replicate Your Most Profitable Clients If you’re like most of the 100’s of agencies I consult with… You don’t need hundreds or new clients – not even dozens. What you really need is just a few, highly profitable, stable, good-fit clients. Fact is, that’s probably all it would take to drive your business to the next level and help you get the the profit benchmarks you need. I designed the sweet spot client filter to help you do just that. Laser in on the client attributes that drive profitability for your agency Discover what types of clients you are uniquely suited to serve Stop chasing every new client and focus your energy on those whom you can best help Put your marketing time (and budget) into higher leverage activities FIND YOURPERFECT MATCH Download the Sweet Spot Client Filter by entering your name and email.Your privacy is important to us Laser in on the client attributes that drive profitability for your agency Discover what types of clients you are uniquely suited to serve Stop chasing every new client and focus your energy on those whom you can best [...]

July 4th, 2017|

Dealstorming Methodology: The Combination of Deal-Making and Brainstorming & How to Use it to Grow Your Business with Tim Sanders

I know very few agency owners who love that the burden of sales sits squarely on their shoulders. Many of you don’t enjoy sales and would rather be back in the shop, creating or strategizing. Well, here’s some good news. You don’t and shouldn’t do it alone. My podcast guest and best-selling author (Love is the Killer App, Saving the World at Work and his new book Dealstorming) Tim Sanders believes that sales is a team sport which requires bringing together different perspectives from every corner of your agency and beyond. Tim has held the position of Chief Solutions Officer at Yahoo! and is now the CEO of Deeper Media, an online advice-content company. As a veteran sales, marketing and HR leader, he has some unconventional ideas for these unconventional times. His take on the combination of brainstorming and deal-making or “Dealstorming” will challenge your thinking about how to get sales done and may be just what you need to land that next big client. Follow Tim’s thinking as he and I explore: Tim’s start in sales working for a radio station Dealstorming methodology: how Tim took dealmaking and brainstorming and put them together The difference between collaboration and cooperation How to strategically build your dealstorm team Turning your peer group into “competimates” that you can collaborate with to make each other stronger Why you absolutely need diverse perspectives in the room (and why you should have an external voice on your dealstorm team) The secrets to making your dealstorm meeting a magic meeting with results New business through rapid problem solving The hacker, the chef, and the artist: the three personas for solving different problems How leaders lead culture Tim Sanders is a veteran [...]

May 19th, 2017|

What Does Business Development Do with Jake Jorgovan

​​My podcast guest Jake Jorgovan from Outbound Creative made a provocative statement.  He said: “Block out at least an hour a day, typically in the morning, as a way to put time in working on your own business before you dive into client work.” I can feel many of you twitching already. Not look at your email first thing in the morning? Not fill your mornings with meetings? Not jump like Pavlov’s dog to every ping, text or slack addition? You might even wonder “what does business development do?” It may seem radical but it is one of the many ways that Jake suggests to jumpstart your biz dev efforts. Jake believes that most agency owners hate new business because they’re not sure what to do and feel stuck. Let Jake and I take you through his simple, no-nonsense approach to growing your business through new business development with: Why you need to look at new business as an art form How to get started getting better at new business How to make the most of your time at conferences as it relates to new business How to effectively follow up with contacts you make at conferences How to stay top of mind with people who aren’t ready to buy now Why your prospect list can’t be too big and why you need to stay very personal with them Why strategic partnerships have gotten even more important as agencies become specialists Why you need to carve out at least an hour a day for working on new business (and why it’s a good idea to do it away from the office) Why you need to figure out what your actionable objectives are and then break [...]

May 12th, 2017|

How to Develop Thought Leadership Content that Keeps You Top of Mind with John Hall

Thought leadership. Content creation. Owning a topic and being the authentic expert in that space. These elements are critical components of an agency’s business development plan today. As you have heard from me many times, it’s all about moving your prospects through the know-like-trust model so that when they are ready to buy, they already have faith in your ability to deliver. But it’s not just about doing that from an arm’s length through content.  It’s also about doing that the old-fashioned way – face to face. The agency business is really a relationship business, as we all know. So how do you start, nurture and grow your relationships today? That’s what I wanted to talk to Influence & C.’s co-founder and CEO John Hall about because he has the gift.  Fortunately, he outlined his strategies in his new book called “Top of Mind.” John and I discuss the tangible ways of getting networking in this digital and analog age. Listen in as we chat about: John’s new book "Top of Mind: Use Content to Unleash Your Influence and Engage Those Who Matter To You" How John’s book fits into his thought leadership content strategy Why staying top of mind is a great strategy for developing trust Short-term to long-term memory: consistently engaging people so that they remember forever Why you need to make yourself approachable Why showing your failings and foibles does not diminish your thought leadership Why you must understand what is truly helpful for individuals Why you must help people without expecting anything in return How to tell people how you helped them without it sounding self-serving Why you shouldn’t be too aggressive and should build a relationship over time Why you [...]

May 5th, 2017|

Defining Category Design and Why it’s Important to Brand Positioning with Christopher Lochhead

Agencies are brilliant at helping their clients differentiate themselves from the pack.  And yet, this is the Achilles Heel for most agencies.  You look and sound just like everyone else on the block, in the pitch or online. It’s not easy to find the kernel of what makes you unique and the right fit for your clients.  And you can’t use the same trite language (full service, integrated, we love to partner with our clients, etc.) and sound different. Maybe it’s not about how do you differentiate yourself from everyone else in the pack.  Maybe it’s about creating a new category so you truly stand alone? That’s the premise of my podcast guest Christopher Lochhead. He’s a longtime CMO, entrepreneur and author who has had just enough of the right mindset, courage and faith to unlock the key to differentiation. His book, “Play Bigger: How Pirates, Dreamers and Innovators Create and Dominate Markets” details the method to his madness -- what he calls “category design.” He explains it as “creating your own niche to become nouveau riche.” If you want to drive growth on both the agency and client side, follow along as Christopher and I go through the steps of adopting category design with: Chris’ career journey that took him from Silicon Valley CMO to coach to podcast host Chris’ book: “Play Bigger: How Pirates, Dreamers, and Innovators Create and Dominate Markets” What category design is and why every agency needs to get great at it Why “category” is as important as “product” and “company” How to position your agency in a category that you can dominate The two kinds of problems that need solving The three questions to ask to start creating your [...]

April 28th, 2017|

7 Things to Consider When Taking On an Employee as a Partner

Let’s say you have an employee named Bob. He’s a great employee. Not just great, stellar. You can’t see the agency functioning without him. You don’t want to lose him. So how do you ensure that he’s happy and not being wooed by a competitor? Or maybe you’re 55 and beginning to think about your exit strategy. What if Bob could buy you out? Or you could still keep a piece of the business but not work so hard? In both cases, the solution I often hear agency owners come up is, “Why don’t I offer him some sort of equity or employee partnership in the agency?”   Taking on an employee as a partner may be a brilliant solution all around. Or it could be the demise of your agency. This is a huge commitment that involves many more moving parts than you might be considering. My solocast sheds some light on the issues that I have helped agency owners walk through as they are considering this option, including: Why you need think long and hard before making employees partners Why partnerships will look different if you’re a C Corp than any other structure (S Corp, LLC, etc.) Why you need to make sure someone actually wants to be a partner before you offer them a partnership Why you need to sell shares and not gift shares Why you should only bring on one partner at a time Why -- if your employee doesn’t have the skills they need to be a partner -- and they probably don’t -- you need to teach them Why it usually takes about 10 years to groom someone to take over for you Why you really need to [...]

April 21st, 2017|

Minority Partnerships – the Good, Bad and the Ugly, with Drew McLellan.

[easy-social-share buttons=”facebook,twitter,google,linkedin,mail” counters=1 counter_pos=”topm” total_counter_pos=”leftbig” style=”icon_hover”] Drew McLellan is the Top Dog at Agency Management Institute. For the past 21 years, he has also owned and operated his own agency. Drew’s unique vantage point as being both an active agency owner and working with 250+ small- to mid-size agencies throughout the year, give him a unique perspective on running an agency today. AMI works with agency owners by: Leading agency owner peer groups Offering workshops for owners and their leadership teams Offering AE bootcamps Conducting individual agency owner coaching Doing on-site consulting Offering online courses in agency new business and account service Because he works with those 250+ agencies every year — he has the unique opportunity to see the patterns and the habits (both good and bad) that happen over and over again. He has also written two books and been featured in The New York Times, Entrepreneur Magazine, and Fortune Small Business. The Wall Street Journal called his blog “One of 10 blogs every entrepreneur should read.”     What you’ll learn about in this episode: Why you need think long and hard before making employees partners Why partnerships will look different if you’re a C Corp than any other structure (S Corp, LLC, etc.) Why you need to make sure someone actually wants to be a partner before you offer them a partnership Why you need to sell shares and not gift shares Why you should only bring on one partner at a time Why — if your employee doesn’t have the skills they need to be a partner — and they probably don’t — you need to teach them Why it usually takes about 10 years to [...]

April 17th, 2017|

New Business Q & A

VIDEO #3: Agency New Business QA 1 Download Free E-Book Get Your Free Copy Here 2 Share This Video Share this video with anyone you know who wants to become a published author -- or is an entrepreneur, coach, or speaker. 3 Leave a Comment Spend 15 minutes mind mapping, and then comment below to let me know how it went. Copyright 2017 – Agency Management Institute – All Rights Reserved Privacy Policy

April 12th, 2017|

New Business Windmill

VIDEO #2: Agency New Business Windmill 1 Download Free E-Book Get Your Free Copy Here 2 Share This Video Share this video with anyone you know who wants to become a published author -- or is an entrepreneur, coach, or speaker. 3 Leave a Comment Spend 15 minutes mind mapping, and then comment below to let me know how it went. Copyright 2017 – Agency Management Institute – All Rights Reserved Privacy Policy

April 12th, 2017|

New Business Mistakes

VIDEO #1: Agency New Business Mistakes 1 Download Free E-Book Get Your Free Copy Here 2 Share This Video Share this video with anyone you know who wants to become a published author -- or is an entrepreneur, coach, or speaker. Copyright 2017 – Agency Management Institute – All Rights Reserved Privacy Policy

April 12th, 2017|

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