Agencies face all sorts of challenges as they struggle to decide what kinds of clients to serve and what kinds of deliverables to offer, and there are many different types of agencies you can be as well. For this special solocast (it’s our 100th episode!), I want to get you thinking about what kind of agency it is that you are trying to build and nurture.
Some agencies build custom solutions for every client – a very labor intensive, creative endeavor. Others have a more limited list of services and products and do less custom work.
There are pros and cons with each but you really need to decide which makes more sense, based on your goals. Problems tend to arise when these types of agencies don’t make a conscious choice as to which kind of agency they would like to build and nurture. Both are fine choices but you have to make a choice.
Join me in determining which kind of an agency you are suited to build and why. We’ll cover:
- Two types of agencies: “Artisan bakery agencies” (every project they produce is custom made for a client) and “Wonder Bread factory agencies” (where they follow systems and processes to produce the same limited set of things for every client)
- Why clients often work with both of these kinds of agencies, sometimes even at the same time
- Misconceptions owners of both kinds of agencies have about each other
- Assessing what type of agency you own (and why it may fall in the middle of these two types)
- Some of the pros of running an “Artisan bakery agency”: you can hire millennials, you can be a partner for your clients, and the prestige that comes with the work
- Some of the pros of running an “Wonder Bread factory agency”: you have a lot of clients and losing one won’t kill you, cheaper employees, the agency is easier to sell, and clients are easier to obtain
- Why “Artisan bakery agencies” still need to specialize and focus on their niche
- Aligning your goals with the kind of agency that helps you fill those goals
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.”
To listen – you can visit the Build A Better Agency site (https://agencymanagementinstitute.com/agency-structure-drew-mclellan/) and grab either the iTunes or Stitcher files or just listen to it from the web.
If you’d rather just read the conversation, the transcript is below:
Table of Contents (Jump Straight to It!)
- Create Content that Creates Revenue Workshop
- The Two Different Types of Agencies and How They Are Structured
- The Differences Between Each Type of Agency
- Why One Agency is Not Necessarily Better Than the Other
- The Pros and Cons of Each Type of Agency
- Why You Need to Decide Between These Two Types of Agencies
If you’re going to take the risk of running an agency, shouldn’t you get the benefits too? Welcome to Agency Management Institute’s Build A Better Agency Podcast presented by HubSpot. We’ll show you how to build an agency that can scale and grow with better clients, invested employees and best of all, more money to the bottom line, bringing us 25 plus years of experience as both an agency owner and agency consultant to you. Please welcome your host, Drew McLellan.
Drew McLellan: Hey everybody, Drew McLellan here with another episode of Build A Better Agency. Actually, this is an exciting episode, it is our 100th episode. So if this your first time listening, it’s a great time to jump into the podcast, if you’ve been with us since the beginning, thank you so much for your time and attention. You know, we started this almost two years ago and we started it as an experiment to see if you guys would like it and if we could find guests that would hold your interest, and if I was a decent host. I’m grateful that you’ve stuck around, I’m grateful that you find it valuable, and we’re going to keep going. So 100 is just the beginning, so thank you for helping us hit this milestone, really excited about it.
I will tell you this, we’ve been doing some things at the end of the podcast that I kind of think you’re missing out on because I suspect that as soon as you hear me go, “Well, this wraps up another episode of Build A Better Agency”, you go on to the rest of your day. I think you’ve been missing some good stuff and I’m going to flip things around in this podcast, and I’m actually going to run the end of the podcast right now in the very beginning so you can’t miss it because I haven’t given you the good stuff yet so I know you’re going to stick around.
I’m not going to do the thanks for listening part because that would be silly, but I do want to tell you about something that I normally tell you about at the end of the podcast. As you know, we have all these amazing guests who have done great things. They’ve written books, and they do online courses, and they have all kinds of offerings, and many of them have been generous enough to give us, for free, some of the things that they normally sell.
If I get a course, or a book, or whatever it may be, and we’re giving those away one a week, and all you have to do to be in the drawing for those gifts every week is go to agencymanagementinstitute.com/podcastgiveaway. Once you sign up once, you don’t have to do it again. You just sign up once and you are all set, you are in all of the drawings. Again, that’s agencymanagementinstitute.com/podcastgiveaway.
Here’s what you want to do with this episode. If you’re listening to this, we’re experimenting with some videos so you may be seeing video clips in this podcast later, you also are going to see my cat’s head probably at some point in time in the podcast. If you’re watching the video I apologize, if you are listening and you hear him, it’s not me making weird cat noises. I’ve been traveling for the last 10 days so he is very attentive today now that I’m back home.
Create Content that Creates Revenue Workshop
Anyway, here is why you want to jump into the agencymanagementinstitute.com/podcastgiveaway this week, because we are going to give away a huge, amazing prize, I’m really excited about it. We are launching a new workshop called Create Content that Creates Revenue, and it’s all about how to create content, how to author a book, how to launch a podcast or video series, how to get on the speaking circuit. We’re not only going to show you exactly how to do all of those things in a way that does not impede on your day job, but we are also going to show you how to monetize all of those things.
There’s lot of different ways to make money, everything from sponsorships, to getting paid to speak, to new clients. We’re going to show you all of the different ways to take what all agencies are doing which is creating content, and instead of it being a cost to your agency, now it can actually be a revenue stream. So for two days we’re going to be teaching that content around how you create the content and how you create the revenue from that content. That workshop is January 16th and 17th in Orlando, Florida.
If you know me at all you know that when I say Orlando, Florida, what I really mean is the workshop is being held on Disney property. If you were to register for that workshop which you are more welcome to do and we would love to have you, you would pay $1,695. We’re giving away one seat to that workshop, so all you have to do is get there and pay for your hotel, and everything else is on us. Not only are you going to get two days at the workshop, but you’re going to get the food in the workshop and you’re going to meet all the other agency folks and network with them.
If you come prepared with a little bit of a speech, we’re going to actually shoot video of you so you have a bit of a speaker’s reel to put on your website to show people what you look like and sound like when you speak. All of that is happening January 16th and 17th. If you sign up for the free giveaway, agencymanagementinstitute.com/podcastgiveaway, you could win a seat to that workshop. Now, let’s get into the actual content.
The Two Different Types of Agencies and How They Are Structured
Here’s what I want to talk about. Today’s podcast as you might have gathered right now, this is a solocast. If you’re new to the podcast, what that means is normally I have a guest on the podcast with me and I’m really, my job is to pick their brain and to get all the smarts out of them that I can. But every fifth episode I do a solocast and that’s just me and you talking about something that I’ve been having a lot of conversation with agency owners about, and I want to make sure that it’s on your radar screen. That’s what we’re going to do in episode 100 is a solocast.
If you know me at all, you know that I like to talk in analogies and I like to teach with analogies. The analogy that I want to sort of set up for today is the idea that every agency is structured a little differently, and many of you are like artisan bakeries, so you are creating these amazing loaves of bread and other baked goods that you learn from your grandma or your great grandma, and you’re still using the same recipe and you’re doing it all by hand. It is a work of art. It is a work of art because it is an age-old tradition, everyone is custom and a little different, and so you have to charge a little more for that. So it’s not an inexpensive loaf of bread.
On the other end of the scale is the Wonder Bread factory, and those are the agencies that are cranking out work and they are doing the same thing every day. They have fewer options so you can’t get as many different varieties at the Wonder Bread factories as you can in the artisan bakery, but their bread is a lot more inexpensive. They have more volume of customers.
The reality is the artisan bakery is what most agencies look like today, that you do everything custom. So you’re passionate about your product, you have lots of variety in terms of the way you serve your clients and what you deliver for those clients. You take special orders when a client asks you for something that you’ve never baked before, you figure out how to make it for them. You say, “You bet‘cha, we can make you that upside down pineapple cake even though I’ve never done it before, but we’ll figure it out.” That’s an artisan bakery kind of agency.
With that comes higher prices because the time spent on each project is longer. It also means that often times because the prices are a little higher and because everything is custom, not everybody can afford to go to the artisan bakery, and so often times that kind of an agency has fewer clients. When one of the clients goes away, when someone stops buying your bread, it’s tougher on the business because each customer represents a larger percentage of your AGI.
In some cases, some of you who have artisan bakeries, you also have clients who, on occasion go to the grocery store and buy the Wonder Bread. So they might be working with freelancers or a smaller shop, or less expensive shop, but they come to you when they have a project that is big or important. It might be an annual report, it might be a new creative campaign, but odds are you’re probably sharing that client or customer with other folks.
On the flip side, if you have a Wonder Bread factory sort of agency, you are much more focused on process and systems so that you can efficiently make the bread. It is all about making as much bread as you can, as quickly as you can, at a quality level that you’re happy with. This is not about not doing a good job, this is not about not offering value, it’s just a different kind of value and a different kind of product. So you’re offering your customers your options, but you’re very consistent so every loaf of bread looks and tastes and feels the same, and often times to your customers you’re less expensive because you as a bakery or as an agency, you count on the volume. You’re probably serving a lot more customers or clients than the artisan bakery kind of agency is.
The Differences Between Each Type of Agency
Honestly, as I look at the agencies that I work with, and I work with agencies that are very artisan bakery-esque, and I work with agencies that are very much like the factory. They have an efficiency and they’re sort of like a machine, they just crank out the work and it’s very defined work. By the way, there’s a lot of room in the middle between those two. I’m not suggesting you have to be all in on one or all in on the other, what I want you to start thinking about is I’m describing this as A, where’s your agency, and B, is where your agency at today where you want it to be? Have you really weighed the pros and cons of the spectrum of how agencies are structured? Are you in the right place?
It’s interesting to me as I look across the spectrum of agencies I work with, and most of the agency owners who run artisan bakery kinds of agencies, they’re agency people, they grew up at an agency. They might be an old art director, or copywriter, or account person, but they grew up in an agency and now they happen to own a business. Many of them are what I call accidental business owners where they left a job or they got downsized, they hang up a shingle, and next thing they know they’re running a business and they have 10 employees, or 20 employees or 15 employees.
They’re sort of looking around going, “But I, I love the work, I wanna do the work, I miss doing the work.” So if you sit in your office crunching financials and dealing with HR issues and you long for the day that you can go back to being an art director, or copywriting or just dealing with client strategy, you love that, odds are you’re running an artisan bakery sort of agency.
On the flip side, I have agency owners who are not from the agency world, that they decided they want to start a business and they looked around, and they saw what was happening in our industry, and they decided to jump in. Many of them started digital oriented shops, so they might be an SEO shop, or a PPC shop or a web dev shop. But these agency owners didn’t grow up in the agency and they don’t have the same passion for the work that the artisan bakery kind of agency owners do. These guys, and they’re not all guys obviously, these people, they are passionate about running and building business that serves them in a way that they want a business to serve them. They very much are a business owner who happens to own an agency, and that’s a very different perspective.
When I think back over the last 10 or 15 years, it’s not like this is a brand new thing, but a lot of agency owners who ran the artisan bakery, they look at the Wonder Bread factory agency and they go, “Ugh, I would not wanna run that kind of a business, I wouldn’t be excited by it, I wouldn’t be inspired by it, I wouldn’t get excited to get up out of bed in the morning and go to the office if I was cranking up the same stuff day in and day out.”
On the flip side, the Wonder Bread factory agency owner is saying, “Ugh, the headaches that come with the dramatic creative directors in having to reinvent the wheel every single day, and having to price everything separately and figure out what it is. I wouldn’t want that sort of headache. I want a simple, methodical business that allows me to create a good revenue and allows me to serve clients absolutely to give them value but a value that I defined, that they’re gonna buy one of the things that I offer to sell. I’m not gonna just let them come in and do the special orders.”
Why One Agency is Not Necessarily Better Than the Other
There’s nothing wrong with either of these, or again, the spectrum in the middle, we just have to decide why you’re in business and what you’re trying to get out of your business. I will tell you, for those of you that are artisan bakery people that sort of turning up your nose at somebody who’s selling webpages or websites for three grand or two grand or whatever, I see their financials. I see their P and L and their balance sheet, and I’ve got to tell you they’re doing just fine.
One thing I want to dispel right now is the myth that agencies that have a formula or a package pricing or have fewer deliverables, that somehow they are not profitable or they’re not making money because I got to tell you that this is just not the case. In fact, most of them have a much smoother bottom line. They don’t have the up and downs that artisan bakery agencies do, and there are some reasons why that’s the case.
Many of you have read the book Built to Sell by John Warrillow, and in fact, he was a podcast guest, his episode was episode number 47, and we talked about this. In the book, if you haven’t read it, there’s a business parable ironically about a guy who owns an ad agency and wants to sell it, and finds out that because he serves everyone and he does a little bit of everything, and because he is so ingrained in the business because everything is so custom that its employees can’t handle the strategic side of the business. He can’t get out of the day-to-day. Don’t know if that sounds familiar to you.
So he gets some advice about how to make his agency more saleable. What advice he gets and what the book is all about is how he turns his artisan bakery agency into a Wonder Bread factory. In fact, the book like all business parables goes to a bit of an extreme. He’s a generalist agency, and by the middle of the book, all they do are logos, that’s it, all they do is design logos.
First of all it’s a book and it’s a business parable, so I’m not suggesting that the Wonder Bread factory agencies or you artisan bakeries who want to go down the spectrum of that would get that narrow in your delivery because I think that’s crazy. But the book is a great book and it makes a lot of good points about how to think about your business a little differently especially if you grew in an agency business. I want to dig into the pros and cons of each of these business models so you can think through not only where you’re at but where you want to be. First let’s take a quick break.
We are back. Drew McLellan here with you, the 100th episode of Build A Better Agency. As you know by now if you’ve been listening, this is a solocast so it’s just me and you chatting about this really interesting phenomena of the spectrum of types of businesses that an agency can be in. I’ve been using this analogy of the artisan bakery where you’re baking your grandma or great grandma’s old recipes and you’re doing everything custom and you do a lot of custom orders, special orders. Your product is more expensive because of that, versus a Wonder Bread factory where you crank out four or five kinds of bread and that’s it, and people don’t get the custom order or special order. You serve a lot more people, you make a lot more bread and you sell it at a lower price point.
The Pros and Cons of Each Type of Agency
Let’s talk a little bit about the pros of each of these because honestly I’m not trying to advocate for one or the other. I really just want you to think about where your business is and where you want it to be. Some of the pros of being the artisan bakery are number one, it’s easier to attract talents. Young people go into college to study marketing, or advertising, or media or digital marketing, they want to work in a creative agency, they want to in your kind of bakery.
They don’t want to work in a factory, they want to be able to create, they want to be able to either strategically or creatively build something out of their head and serve their clients in a way that’s unique. That’s number one. If you want to hire kids who went to school for advertising or marketing, and artisan bakery is absolutely what they think they want to work in, that’s for sure.
Also, it’s easier for you to get to be a partner with your client, it’s very difficult to do that in the Wonder Bread model because it’s off the shelf, you got to buy what we sell. With an artisan bakery, you really can sit down, roll up your sleeves and figure out the strategy with a client and then come up with all kinds of custom solutions for them that solve their problem. For those of you that really want to sit at the C suite and have a strategic conversation with clients, the artisan bakery is a better place for you to do that.
There’s also a prestige that comes with running this kind of a business, you get to create things that are memorable, you get to work with brands that people recognize. You know, you win awards and do all kinds of things that make your business and you as the owner a bit of a celebrity and everybody loves that, you get recognized for the good work that you do. Those are some of the great reasons why being an artisan bakery makes sense. You can certainly charge a premium price for your product, that’s another pro that comes with that, because you are creating everything custom, there’s value in that.
On the flip side, there are some pros to being the Wonder Bread factory too. Number one and probably the most prominent one is that losing a client is not going to kill you. Unlike an artisan bakery where you have few clients who spend a lot of money, in the Wonder Bread factory model you have a lot of clients who each contribute a smaller amount to the AGI of the agency.
Some of my Wonder Bread type factory clients, they might have 100 or 150 clients that they are serving every single day and every single week and every single month which is not at all what it looks like the creative boutique agency side or the artisan agency. The upside of that is if a client goes away, while you hate to see a client go away, is not 20% of your AGI. You don’t have to do a big layoff like you might have to on the artisan side if your gorilla client goes away.
Another advantage of the Wonder Bread factory is that the employees are a lot less expensive because you’re teaching them a repeatable skill, you’re not asking them to be a marketing genius, you’re not asking them to be an amazing art director, you are hiring people who enjoy process, and efficiency, and systems and doing something the same way over and over. I’m not suggesting that those employees aren’t bright because they are, but they typically have a skillset that is more defined and more narrow in scope. The people at the top who are figuring out how to do it probably cost more money, but you have more people down below in the lower ranks who are just doing the same thing over and over again for different clients and so they typically cost you a little bit less.
It’s also easier for you as the owner to step away. Your role as sort of the strategic leader is not as critical in the Wonder Bread factory. You can train people to do and deliver the kind of work that your company wants to deliver easier if you’re not sitting down and customizing strategy for a client by asking better questions, and hearing what they’re saying and extrapolating, and doing research and all the things that happen on the artisan bakery side of the business.
If you aspire to not be as involved in the day-to-day, or maybe to not even be onsite every day, maybe you want to have a winter home or you want to start another side business or something else, then for you, it may make more sense to go to the Wonder Bread factory side of the spectrum. Again, not all the way over, you don’t have to, but maybe you want to skew in that direction. It’s also easier to sell a Wonder Bread factory agency. Much like John Warrillow told us in the book Built to Sell, when the agency owner isn’t integral to the agency and when there are defined systems and processes and the work can be replicated easier, that makes the business more sellable. It makes it easier for a buyer to buy it intact and count on it being successful after the owner steps away.
It’s not as creatively fulfilling that’s for sure. It is fulfilling in a different way, the reward is in the revenue and the building of the business. But if you are a true artist, you love to write or create art and do design that’s tied to annual reports or incredible print to campaigns or whatever it may be, probably the Wonder Bread factory is not as good a choice for you. The reward there is all about building the business and what you get out of that as compensation, and that you’re building a great business where it’s fun for people to work and that you have employee loyalty. All of that exist as well, but you don’t get the creative juices that you get with an artisan bakery kind of agency.
Here’s another advantage of the Wonder Bread factory though, it’s much easier and faster to land a client because everything is predefined. You don’t have to go back to the office and think about what you’re going to sell them, and come up with a proposal and write it. You already know that they’re going to buy the silver, the gold or the platinum package. You know exactly what those are, they’re priced the same for everybody. Literally, when you go into a new business meeting you can present, “Here is what we sell, do you wanna buy this?”
Which is different than what happens in the artisan bakery kind of agency where we meet with a client, we find out what is causing them angst in the middle of the night, we figure out what their goals are, we go back, we huddle up, we come up with all kinds of creative and unique solutions to solve their business problems, we put all of that into a proposal with pricing and all of that, and we take it back. So very different process in terms of sales and you can see how one is more labor intensive and why it takes longer, but also typically the artisan bakery prices are a lot higher.
A lot of my Wonder Bread factory agencies are working with clients for anywhere from $800 a month to maybe up to $5,000 or $10,000 a month, but a lot of them fall in that $800 to $1,500 a month range. That’s a much easier sale and a prospect or client is going to be much quicker to sign on the dotted line for a $1,500 a month retainer than they are for $15,000 a month retainer, that’s just common sense, right?
Another thing that’s different is what I just talked about, the deliverables are more defined. On the pro side of that, it’s quicker and easier to sell. On the con side, when you see that a client needs something else, if you are on the far end of the spectrum of the Wonder Bread factory, you would say, “I’m really sorry, but we don’t do video, or we don’t do TV spots” or whatever it is they need that’s not in one of your packages. A lot of the Wonder Bread factories are not full on all the way to that spectrum, they sit somewhere in the middle, so they may have some additional services, ala carte services if you will, that they offer.
Why You Need to Decide Between These Two Types of Agencies
After we’ve talked about all of this, I’m hoping what you’re saying is, “Well maybe I need to shift a little bit or maybe I, maybe I’m just thinking about starting an agency and I’ve been listening to you Drew in anticipation of that. How do I start that? What does that look like?” If you are an artisan bakery or you want to move your agency closer to the artisan bakery side of the spectrum, I will tell you this, I still believe, you’ve heard me preach this before, I still believe that you cannot be so much of a generalist that you serve everybody all of the time.
Our world is too complicated today that you can’t possibly have all of that talent on staff unless you’re an agency of 200 people, and most of you listening aren’t that sized agency. So you have to narrow your focus, you have to narrow your focus in terms of industry niches so you can really dive deep into some industries and really have adapted knowledge that gives you an expertise and a thought leadership position around whatever that industry is. You cannot be everything to everyone, can’t do it.
But within the industries that you serve, you can have a wide range of offerings so you can do everything from strategy, and PR, and media, and digital media buying, and creative and everything on the spectrum. In many cases, you might not do all of that in-house, you might be the quarterback of the team but you might have some strategic partners in place, but you would be the one who’s sort of driving the campaign, driving the ship and making sure that everybody is doing what they’re supposed to do. That’s an artisan bakery model.
For the Wonder Bread model, in many cases, these agencies are creating the factory around delivery sets. Digital marketing, marketing automation, PPC, SEO, that sort of thing, web dev. Often times they serve a wider range of clients in a wider range of industries because they have this very defined set of services and packages that they offer their clients. Sometimes they also are niched in an industry as well. If you’re going to do that, let’s say you’re going to be in the healthcare industry, you are going to want to really narrowly niched and you’re going to only still want to have … You might do customer satisfaction and customer service in hospitals or in doc-in-a-box offices.
You might have an industry, but even within that industry you’re only going to have a very defined set of offerings, that’s the key indicator that you are a Wonder Bread factory kind of agencies, that you have a predetermined, defined set of offerings, packages if you will, silver, gold and platinum, that somebody can buy right off the shelf without customization and it’s already at a preset price. You don’t get to custom order if you are building the Wonder Bread factory.
That’s what I wanted you to think about today. What I want to encourage you to do is look at your shop, and step back and say, “I’m doing this for what reason. It’s part of why I own an agency or part of why I’m on the leadership team of an agency, is part of that because I want to be … I wanna create something new, I want to be the idea person, I want to partner with my clients and have them rely on me and call me when things are going bad, that I am their thinking partner.”
Yes, I want to make a good living and yes I want my people to make a good living. What excites me about my work is the getting my hands dirty and serving clients in a really unique way so that they literally are saying to me, “You know what, I can’t believe you’re an extension of our team. I can’t believe that we’ve done business for a while. Without you, I can’t imagine doing business without you anymore, so glad you’re at the table with us.” If that’s what gives you joy, if that’s what makes you happy, then be an artisan bakery, absolutely.
If on the flip side, that’s not your thing, maybe you didn’t grow up in the agency business and you want to have a business that just generates consistent revenue, and you want to be able to serve your clients, you want to deliver value, but you want to deliver a defined value in a subset of products. You don’t enjoy the creative process that comes with making the packages, you don’t enjoy the figuring out how do we do this better, what you enjoy is the running of the business and building a team that can run that business whether you’re there or not. then perhaps somewhere on the spectrum you want to be leaning towards the Wonder Bread factory side.
Both of them have incredible value, both of them serve clients incredibly well. I have seen and know agency owners on all levels of the spectrum of what we’re talking about, and every one of them is running a good business, and making a good living, and loving the work that they do. It’s really about aligning who you are and what makes you happy, and what you’re trying to get out of the business with how these types of businesses, these models if you will, how they serve up those items.
Spend a little bit of time thinking about what it is that you want, look at the kind of business that you’ve built or the kind of business that you’re working for, and make sure that those things match, make sure that they align up together so that you are getting what you need out of your business. Thanks for listening.
Remember, we are giving away a seat to that workshop in about a week, so go to agencymanagementinstitute.com/podcastgiveaway. That wraps it up for me, thank you so much for sticking with us, thanks for sharing episode 100 with me, thanks for listening, thanks for thinking about what we’re talking about. I really love the email, and the notes and all the things that you guys sent, I read them all, I try to respond to them as best as I can. If you have feedback, if there are things you want me to think about talking about or a guest that you think would be great for the podcast, I’m wide open to those suggestions. You can always reach me at [email protected].
I will be back next week with an awesome guest who’s going to help you think differently about your business, help you expand your business, look at your business differently, ask yourself questions you haven’t been asking, and build the business which is what today has been all about, which is what this podcast is all about, build the business that serve you in the way that you best want your business to serve you. Because you know, you took the risk, your house is on the line, so I want to make sure you get everything out of the business that you can. I’ll talk to you next week, thanks for listening.
That wraps up another episode of Build A Better Agency, hopefully you find it incredibly helpful, and inspiring, and that you are ready to go out and do some great things. I also want to talk to you about another tool that we’ve built that I would to offer you. As you’ve probably heard me preach, I believe a lot of agencies chase after the wrong new business prospects. I think we do that because we have not taken the time to clearly define who are sweet spot clients should be. The way you do that is by looking at your current clients and then developing out who your prospect should be based on your best current clients.
So we’ve put together a sweet spot client filter, say that five times fast, that I would love for you to take advantage of and for you to use inside your shop to figure out exactly who you should be targeting for new business. To get access to that free tool, all you need to do is text AMI for Agency Management Institute as you might imagine. AMI, text that to 38470. Again, text AMI to 38470 and we will get the sweet spot client filter out to you right away. Thanks again for listening. If I can be helpful you can find me as always at [email protected]. Otherwise, I will touch base with you next week with another great episode. Talk to you soon.
That’s all for this episode of AMIs Build A Better Agency brought to you by HubSpot. Be sure to visit agencymanagementinstitute.com to learn more about our workshops, online courses and other ways we serve small to mid-size agencies. Don’t miss an episode as we help you build the agency you’ve always dreamed of owning.