Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies

Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies

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Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies episodes

  • How to Grow and Sell an 8-Figure Digital Agency with Mitchel Joel

    Do you feel like growing and scaling is always a struggle? Need to differentiate yourself from other agencies? Finding success as an agency owner isn't easy. But with the right mindset, you can hit the 8-figure mark and even power through an eventual agency acquisition. Whether you want to grow your agency fast or plan on growing it to sell, you need to hear from the one and only Mitch Joel, who's done it all.

    In today's episode, we'll cover:

    • 3 steps to an 8-figure agency.
    • How to power through an agency acquisition.
    • #1 way to differentiate your agency.

    Today, I talked with Mitch Joel, co-founder of Mirum and founder of Six Pixels Group. Joel is a marketing superstar. He was one of Canada's Top 40 under 40, does keynotes for top brands, and has a best-selling book, Six Pixels of Separation. Mitch also sold his agency Mirum to WPP (a.k.a the world's largest ad agency). And he's on the show to talk about how he was able to grow, sell, and move on from his agency.

    3 Steps to an 8-Figure Agency

    For many agencies, the 8-figure mark is the "we made it!" moment. But how do you get there? Honestly, everyone's path is a little different. That being said, here are 3 universal steps you'll probably need to make.

    1. Take on the right partner: There are two things that make a partner great. They need to have the same goals, and they need to compliment your weaknesses. If you're a master salesperson and you're looking for an agency partner, don't look for a salesperson. Find someone who is amazing at the things you're really bad at. Otherwise, you may both end up trying to play to the same tune. And that can lead to a nasty breakup.
    2. Get a marquee client: Landing your first big client can completely reshape your agency. You can go from pennies to dollars overnight. It only takes on business with a few friends to grow your agency fast. There's a misconception that you have to have tons of clients to grow. That's not true. You just need a couple of good ones. And they don't even have to big per se! But they do need to be able to pay your agency what you're worth.
    3. Have the right philosophy: You need to be scale-focused. What does that mean? It means that your processes need to be capable of handling scale. Think about your ability to support large-scale projects with big clients. If you feel like your foundation is weak, you need to build it up before you take on any big clients. Don't just chase big fish without a big hook. You'll get pulled overboard.
    How to Power Through An Agency Acquisition

    There's another way to "make it" without hitting 8-figures. Getting your agency acquired is the dream for many of you. It happened to me, and it happened to Mitch. But what do you do when it actually happens?

    Your first instinct may be to go out and spend the cash. Don't do that! You have to wait until the acquisition is 100% finalized before you celebrate. The entire process will take a while. And you need to be focused on continuing to grow your agency AND focusing on your new "biggest client" — the company acquiring your agency.

    Force yourself to wait to celebrate. Afterward, you have to get used to not calling the shots. It's tough. You can always do what I did; go start a podcast. It gives you back some of the control you're used to. Plus, you get to help people out. It's a win-win!

    #1 Way to Differentiate Your Agency

    Are you tired of being a "me too" agency? Then change your philosophy. STOP trying to be like your competition and you do you.

    Don't be like everyone else, but instead figure where you stand on these four things that set you apart from every other agency:

    1. Trust
    2. Empathy
    3. Chemistry
    4. Authority

    How can you create a differentiate using these four pillars to stand apart? First, create trust with your clients by showing tons of empathy. Develop amazing internal chemistry that is evident in the way you carry out your core values. And display the level of authority that conveys domination in your area of expertise. Then, use your messaging (website, social posts, etc.) to display this differentiation to your prospects.

    Looking for a Payroll and HR Solution for your Agency?

    Payroll and benefits are hard. Especially when you're a small business. Gusto is making payroll, benefits and HR easy for small businesses. You no longer have to be a big company to get great technology, great benefits and great service to take care of your team.

    For a limited time, Gusto is offering a deal to Smart Agency Master Class listeners. Check out Gusto.com/agency for 3-months FREE once you run your first payroll with them.

    47 min
  • Can You Use Mergers and Acquisitions to Scale Your Digital Agency? With Jose Lozano

    Considering a merger or acquisition to scale your agency? Wondering what's involved in selling, but overwhelmed at the thought of it all? Relax! The processes can be stressful, but it's totally manageable and can also be a great growth strategy. Whether you want to stay in control and grow your agency with an acquisition, or you want to exit your business with a massive payday, here's everything you need to know about agency mergers and acquisitions.

    In this episode, we'll cover:

    • 3 things agency acquirers are looking for.
    • The best way to cure agency growing pains.
    • Can you really grow through mergers and acquisitions?

    Today, I talked with Jose Lozano CEO of 9thWonder — a full-service digital marketing agency with offices around the globe. Jose didn't start off with a massive agency, and he didn't grow one... he bought one! After selling his company to a massive organization, he led a group to acquire an agency to scale up. Jose shares why and how to scale your business by acquiring another agency.

    3 Things Agency Acquirers Are Looking For

    Selling your agency is an important decision. Are you really ready to sell? What will you do after you sell? Will you merge agencies and stay on, or get acquired and move on? The answers to all of these questions matter. But, before you can even start thinking about them, you have to ask the big question — is your agency sellable?

    When CMOs and big organizations look at agencies, they aren't just looking at profitability. They're looking for opportunities. Jose has done internal M&A polling, and I've talked to thousands of agency owners on this subject. Here are 3 things that make your agency sellable.

    1. Having Processes: You can be crazy-successful but still look like a bad investment. Having success is one thing — having a repeatable formula for success is a whole different ballgame. When you have the right processes in place it lets investors know you're successful and that you've broken your success down into a repeatable formula.
    2. Being Independent: If you created your agency with the sole purpose of selling it, you're at a disadvantage. It's like when people buy a house just to flip it, they treat it differently because it's not their home and never will be. The same thing happens with agencies. Being an independent owner who has hustled and bled for their agency is huge. It lets people know you're personally invested in your business.
    3. Niching Out: You have to have an unfair advantage. Why should an acquirer buy you? There are plenty of agencies out there but, if you do something better than everyone else — you're worth top dollar. Dominating a specific niche not only makes your agency more valuable to investors, but it is one of the best ways to be viewed as an industry leader.
    The Best Way to Cure Agency Growing Pains

    Your agency's size is not relative when it comes to stress. I've met agency owners with 3 part-time team members that were as stressed as owners with 30.

    It's all about how you handle key areas of your business. What's causing the stress? Is it ops? Or are you having trouble handling team members? Whatever it is you have to pinpoint it and either hire it out or partner up with someone who gets it. Deciding to grow is a conscious choice. And it can be impossible to make that choice when you're busy managing your stress level.

    Chances are, you know what's causing your stress. Maybe you're overwhelmed with finances and KPI's, or maybe you dragging your feet on hiring or firing. That's ok! If you feel like you're not cut out for the role of CEO the solution might be getting acquired or merging with an agency.

    Don't be afraid to give away some of your equity to reduce your stress. Which would you rather have? Full ownership of a stressful, chaotic agency, or 80% ownership of a well-managed one?

    Can You Really Grow Through Mergers and Acquisitions?

    Yes, you really can! Giving away equity can put you on the growth fast track. And acquiring another agency can also be one of the smartest moves you ever make if you do it right. I know what you're thinking! How do you know what your agency (or another agency) is truly worth? You can check out this video on agency valuation. Bottom line, the answer really depends: How profitable are they? What kind of niche are they in? What's their profit margin?

    Check out my post on how to double your growth with an acquisition.

    Looking for a Payroll and HR Solution for your Agency?

    Payroll and benefits are hard. Especially when you're a small business. Gusto is making payroll, benefits and HR easy for small businesses. You no longer have to be a big company to get great technology, great benefits and great service to take care of your team.

    For a limited time, Gusto is offering a deal to Smart Agency Master Class listeners. Check out Gusto.com/agency for 3-months FREE once you run your first payroll with them.

    27 min
  • 3 Reasons Big Agency Clients Don't Help You Grow Your Agency with Jesse Witham

    Are you struggling to find the right clients? Wish your agency was working with bigger clients? Finding the right clients isn't easy — especially if you're trying to grow from freelance to agency owner. The secret is having the right qualification process and knowing who to say yes (and no) to.

    In this episode, we'll cover:

    • How to go from freelancer to digital agency owner.
    • 3 reasons you might steer clear of big agency clients.
    • #1 way to choose the right agency clients.

    Today's interview is with Jesse Witham, the Co-Founder and CMO of Search Marketing Agency. Jesse has been doing SEO since he was young (like 14!), way back when keyword stuffing and digital directories were "SEO" so he knows the complicated evolution of the field. Jesse went from freelancing to owning an agency handling over $300 million in client SEO spend. He's here to share his story about agency growth and finding the right clients.

    How to Go From Freelancer to Agency Owner

    Going from freelancer to digital agency owner is natural. As a freelancer, you already have some clients— you just need to scale. So, why not start a business, hire a few people, and start serving more clients, right? While everyone has unique reasons for making the jump, they all share one thing in common — they're ready to go big or go home.

    So how do you actually do make the leap? The biggest thing is making the first hire. Sure, setting up an LLC, creating a brand and logo are all important steps. But, the symbolic moment for the transition from "freelancer" to "agency owner" is that first hire. That's when you know you've gone from being solo to being a team.

    And that's a lot of responsibility — suddenly you have someone relying on you. That's the magic line you cross when you go from freelancer to agency.

    Your first hire doesn't have to be another creative or a salesperson. You should always hire for your weakness. You don't want a clone of yourself, you want someone who can fill the gaps you leave. Like the ying to your yang :)

    Jesse's first hire was someone who could keep him organized; I usually suggest a first hire be a project manager.

    3 Reasons You Should Steer Clear of Big Agency Clients

    Big clients with their big budgets always seem appealing. Don't be fooled! Here's the problem with big clients — they can make or break your agency.

    Whether you're a new agency owner or have decades of experience under your belt, one thing never gets easier — turning down big budgets. Sure, big clients have tons to spend on marketing. But that doesn't mean those big clients are the best way to scale your agency.

    There are 3 issues with big clients.

    1. Inhibited growth: Having 5 huge clients can mean major revenue, but at what cost? When you have 5 clients that absorb all your time, it's tough to grow. You can't test new concepts on a multi-million dollar account. With smaller clients, you can more easily research, test, and develop new strategies and tactics. It's much harder with clients that are make-or-break accounts.
    2. Lack of diversity: The bigger they are, the harder they fall. And when they fall, it can really impact your agency (but not necessarily a bad thing!). Having a few key clients is stressful. You're constantly in fear of losing them.
    3. Big egos: When clients know they're your biggest, they may act like it. This leaves the client with the upper hand, and you without leverage. Big clients can also come with big egos. As an agency owner, your team expects you to handle those egos. That's tough to do when losing a single client can tank the agency. Having a bunch of similar sized clients allows you to be more selective.
    #1 Way to Choose the Right Clients

    It's important to know when to say no to clients, but the real question is — when do you say yes? The easiest way is to create some criteria. If they fit it, they're in. If they don't, they're gone. Easier said than done, I know. But letting a few rotten apples slip through can spoil the whole bunch. You have to create crystal clear criteria and stick to it.

    What does this mean? It means saying no more often than you're comfortable with at first. But in the long run, you'll only be working with the ideal clients who you can really help be successful. That's a WIN!

    Looking for a Payroll and HR Solution for your Agency?

    Payroll and benefits are hard. Especially when you're a small business. Gusto is making payroll, benefits and HR easy for small businesses. You no longer have to be a big company to get great technology, great benefits and great service to take care of your team.

    For a limited time, Gusto is offering a deal to Smart Agency Master Class listeners. Check out Gusto.com/agency for 3-months FREE once you run your first payroll with them.

    24 min
  • Which Two Audiences Should Every Digital Agency Create Content For? With Kieran Flanagan

    Would you like to master inbound marketing with killer content? Would you like your agency to generate more leads without working harder to find them? Generating more traffic and engagement is the key. And it's doing better is easier than you think when you address the right two audiences. With some strategy you can win at the content game and land your digital agency more inbound leads an ever.

    In today's episode, we'll cover:

    • Two audiences every digital agency needs to create content for.
    • Why the agency owner should be the face of the agency.
    • How your digital agency can increase blog site traffic.

    Today, I talked with Kieran Flanagan — VP of Marketing for HubSpot. Not only did Kieran help HubSpot grow into an international marketing goliath, but he's also partially responsible for growing their freemium business. We all know HubSpot is a big deal in marketing but, did you know 100% of HubSpot's customers come from the demand created by the marketing team? Kieran's on the show today to share with us the two audiences his team focuses on and why your agency should too.

    Two Audiences Every Digital Agency Needs to Create Content For

    How do you satisfy the mental cravings of clients and forge emotional connections with them? HubSpot breaks their marketing department into two teams — Mind and Heart.

    So, the Mind team is responsible for tactical content such as blog posts. The team figures out what people are searching and creates content around questions, concerns, and keywords based on SEO demand.

    The Heart team is responsible for emotional creative, like videos and audio content. You know, the stuff that pulls at entertains or creates connections. This type of content makes people feel that working with your business will solve their problem or ease their pain point.

    Here's what's great: Each team has its own content calendar, and they act independently. This way, both types of content gets full focus, and HubSpot knows it's churning out both types of content regularly.

    Why the Agency Owner Should Be the Face of the Agency

    What do VaynerMedia, Apple, and Microsoft all have in common? They all have an owner who represents the brand! You need to be the face of your agency. Now, I know that can be scary sounding. Many agency owners feel being the face of their agency is too time-consuming, but it doesn't have to be! You set the methodology. Yes - you be a leader. And no, you don't have to hustle 24/7.

    It can be as simple or as complicated as you want. As always, stop doing the things you suck at and nail your strengths. As an Agency CEO, you have 5 roles in the agency and being the front-face of the company is #1.

    How Your Digital Agency Can Increase Blog Site Traffic

    As most everyone knows, HubSpot has some fantastic blogging tips. They do pillar and cluster model for their posts, including marketing funnel diagrams and spend tons of time and resources on the HubSpot blog. So, obviously they have some phenomenal blogging tips, right?

    Here it is... drumroll please... you have to have a reason to write blogs. Wait! Before you roll your eyes, think about it. Does your agency really have a reason to create your blogs? Are you just writing "10 Reasons to Hire a Digital Marketing Agency" style blog posts (which are so clearly just cushy soft sales pitches)? Your prospects aren't stupid - they see right through that stuff. Your blog posts don't capture the heart or the mind of your prospects.

    When HubSpot writes "Best Marketing Hacks of 2019" their content isn't just ranking. They're accomplishing their mission, too. They sell marketing software and their mission is to help marketers with solutions to make their jobs easier. That blog post both ranks and it furthers their mission and it caters to a specific audience with a beneficial outcome.

    So -- If you sell agency services to lawyers, don't write "10 reasons you need a digital marketing agency." Instead, write a post titled "10 Ways to Get Quality Law Leads for your Law Practice" and see what difference it makes.

    23 min
  • How to Successfully Build New Technology at Your Digital Agency with Bhanuka Harischandra

    We've all seen tech companies explode in popularity and valuation. How can your digital agency get a piece a sweet tech venture? Check out how one agency owner is out there successfully building technology and simultaneously running a digital marketing agency -- and crushing it at both.

    In today's episode, we'll cover:

    • How to build technology at your digital agency.
    • One unique method to create tons of internal content.
    • #1 growth tip for new agency owners.

    Today, I talked with Bhanuka Harischandra, Founder and CEO of Surge.Global — a digital marketing and tech agency in Sri Lanka. Bhanuka's agency does everything from video to mobile to content and even SEO... but they also build tech. So, while half of Surge Global is helping businesses scale with marketing, the other half is scaling tech projects and creating tech companies. Bhanuka is here to tell us how to build tech at your agency and use it to grow and scale your business.

    How to Successfully Build Technology at Your Digital Agency

    Tech revenue is tempting, am I right? We see these tech startups with 5 employees that scale to $500 million in a few years and it's mind-blowing. So, as an entrepreneur, you may be trying to balance your desire to chase tech with your love for agency work. Guess what? You don't have to decide between them. Instead, you can build tech and build your agency at the same time.

    It's all about keeping a balance. Bhanuka's advice is to hire two separate teams. Your agency team should not develop tech projects. You need a separate R&D team to help build external and internal tech projects.

    You can even create an incubator. Hire some developers to work on different projects, see which ones take off, and then scale the winners up. Bhanuka transitions R&D teams with great products into their own business and his agency remains a shareholder. It helps keep everyone focused on their unique task.

    One Unique Method to Create Tons of Internal Content

    Creating internal content can be a serious pain for agency owners. Here's the thing — it's super necessary to have internal content for your team to rally around. You probably have access to some great content creators; they just need a little motivation.

    Bhanuka got his team to produce over 700 pieces of content in 30 days by gamifying content creation. He built an app and made a contest out of creating content. The team member who created the most content within a month would win $500. Second and third places were promised monetary prizes, too. And he compared everyone on a leaderboard to the team could view results in real-time.

    In the end, Surge only paid out $800 for 700 pieces of content. That's what I call a bargain!

    Here's what's awesome — Surge now has the app they developed out for other clients to use. (You can check out the app at Rallied.io)

    #1 Growth Tip for New Agency Owners

    It's been nearly unanimous from my podcast guests. The #1 piece of advice is learning to say no. But, it's about more than just saying no... It's knowing how to prioritize and say no to the wrong things so you can say yes to the right things. Even Bhanuka admits his agency almost went under by saying yes to the wrong things. He says always vet your prospects before they become clients and determine:

    • Are they a good fit for your niche?
    • Can you and your team get along with them?
    • Are they a culture match with your agency?
    • Will payment be received on time?
    • Are they reliable and responsive?
    • And, most of all, do they have realistic expectations (remember NBAT!)?

    If the answer to any of these is no, then you need to say no to working with this prospect.

    28 min
  • How to Incentivize Your Team With Agency Profit-Sharing with Tom Murray

    Every agency wants its team to work smarter and hustle harder. But, the smart agencies know the best way to get results is with the right incentive program. On today's show, we're featuring an employee incentive model that may change the way you think about salaries and bonuses, as well as culture.

    In today's episode, we'll cover:

    • 5 reasons to share 50% of agency profits.
    • Why agencies should only hire specialists
    • One big employee compensation secret
    • How to implement profit-sharing

    Today, I talked with Tom Murray, Managing Director of Jump450 — a full-service marketing agency in Soho, NY. Tom's agency does something a little crazy... they give 50% of profits to its employees. He's on the show to share why and how this crazy strategy is actually growing the agency faster than ever.

    5 Reasons to Share 50% of Agency Profits

    Giving away 50% of your profits may sound more like a nightmare than a strategy but the thing is — it can work. Better yet, the agency is also paying employees a competitive base salary! Sounds crazy right? Maybe. But, it has a bunch of benefits you're probably not even thinking about:

    1. You'll get the best-of-the-best. Incentivizing your team with bonuses on 50% of the profit gives them insane salary potential. The best talent in the industry will flock to your agency for one simple reason — you pay more.
    2. Goodbye retention issues. Let's be honest. Your team isn't going to find better earning potential anywhere else if you're offering them a huge cut of revenue.
    3. You can cut the fluff. The amount of motivation that profit-sharing programs give employees is mind-boggling. Some of the roles you're currently utilizing (like project managers) may be able to be cut. This helps the agency stay lean and allows a cushion to share 50% of topline revenue.
    4. Everyone will be an ambassador. Giving your employees a direct stake in the agency will hype them up. It makes natural brand ambassadors for your agency.
    5. Clients know the team is motivated. Clients understand offering 50% to your team will get (and keep) them motivated. And that means clients rest assured the team is doing a great job at all times.
    Why Agencies Must Only Hire Specialists

    When you need someone to do SEO work, don't just hire "someone" - hire an SEO expert. This may sound obvious, but most agencies aren't following this rule. Tons of agencies just hire generalists and train for the skill. Try it the other way around.

    If you pack your agency with people who are really good at one thing, everyone is going to be the best at their jobs. You can probably hire fewer people. And, best of all, your clients will get the best possible help.

    Struggling to convince talent to come onboard? Consider filling in the holes with hyper-specialized freelancers.

    One Big Employee Compensation Secret

    Are you ready for the big secret? For most employees, it's not all about the money. Your team has to show up every day for work. In fact, half their life is basically going to be spent there. So having the right atmosphere and breeding a good agency culture is crucial when it comes to motivating, inspiring, and engaging employees. Believe it or not, amazing culture is another way to compensate your team.

    So, you can bonus your team or offer a profit-sharing incentive, but if your culture is garbage, the team is not going to engage. When you start thinking about salary, think culture first. You can make your team happy by providing an amazing place to work (first) and then think about the compensation model and any bonus structure.

    How to Implement Profit-Sharing

    For smaller agencies, changing the salary structure is a breeze. But, if your agency has over 10 team members, it can be difficult to make a wide-reaching change. If you're just now considering a profit-sharing model, you'll need to spend time forecasting. The key is to build out data models and track cash flow before implementing a profit-sharing model, so you can be sure the agency can support it.

    In other words... it's tough but, it's definitely doable. Because -- your salary structure could be the one thing holding back your agency's success.

    23 min
  • How One Agency Increased Revenue by 4X in 2 Years with Chris Brencans

    Having trouble getting your agency to the next level? Want to increase agency revenue but can't get beyond a plateau? Then it might be time to get a little uncomfortable and take some risks. If you really want to level-up your agency check out the big risk one agency took which yielded 4X revenue in just two years.

    In this episode, we'll cover:

    • 3 hacks to help your agency level up and increase revenue.
    • Why outbound will make your digital agency revenue soar.
    • How to hire the right agency sales team.

    Today, I talked with Chris Brencans, CMO at OnTheMap — a full-service digital marketing agency. Chris's agency does something that may sound a little strange. Half of the agency's team are salespeople. That's right! 50% of the approximately 70 people at the agency are involved in sales, and business is booming. OnTheMap's revenue has grown from $1 Million to $4 Million in the last 2 years by investing in its salespeople and taking some risks. Chris is on the show to share some tips with us.

    3 Hacks Help Your Agency Level Up
    1. Lean on your processes. If you don't have processes, you're driving the highway without cruise control, constantly speeding up and slowing down. Why make it harder on yourself? Once you build-out the right processes, you can take your foot off the gas and start working on other areas of your business. You shouldn't be spending a ton of your time on client work. Instead, build processes so you can work on the business rather than in it.
    2. Find the glaring problems. Here's the big secret — you already know what your biggest problems are. Chances are, everyone in your agency knows what they are. Ask your employees and be honest with yourself as you reflect on them. They may be hard to fix. But ignoring them is causing them to be bigger than necessary. Tackle your agency's problems because they are a roadblock to your growth.
    3. Take some risks! If you have processes in place (#1) and you don't have any big problems (#2), then you're not taking enough risks. And, your reservations are what's holding back your agency's growth. Take a leap - bet on your agency! Organic growth still requires money, time, and resources. Be willing to spend them. (Like Chris's agency -- their big leap was betting on their sales team and poof! 4x growth in 2 years.)
    Why Outbound Will Make Your Digital Agency Revenue Soar

    Inbound marketing keeps you successful. But it's outbound marketing which makes you successful.

    Chris's agency is 50% salespeople. They bet big on outbound, and it grew them from $1m to $4m. This isn't a one-off tactic. Neil Patel uses outbound to grow his agency, and I had one agency on the podcast who has grown to $6m in 2 years tackling outbound.

    Outbound just works. You can execute it on a lean budget. There are tons of killer strategies to follow. And it's easy to get started. You don't need half of your team in sales, like Chris. It just depends on your specific processes. But you definitely need one person, or a few, dedicated to sales.

    How to Hire the Right Agency Sales Team

    Attracting salespeople is all about salary, benefits, and culture. Selecting the right candidate(s) is all about these 3 things.

    • Look for initiative. You want to give your salespeople some formal training, sure. But you should be able to hand them processes and let them run with it. This team is going to be handling valuable leads. Make sure you give them some room to prove themselves. I believe salespeople prove their worth in their first 60 days. If they aren't cutting it.... you know what you have to do.
    • Find the right soft skills. They say good salespeople aren't made; they're born. That's sort of true. Amazing salespeople need the right soft skills. Look for empathy, leadership, and resolve. You want a team of great communicators. Always hire for soft skills first. You can train the rest of the skill sets but personality either works with your culture or it doesn't.
    • Seek an eagerness to constantly improve. You want a team that's always looking to do better than last month. Do they set their own goals? Do they take constructive feedback? Make sure their hungry and eager to be successful.
    22 min
  • How to Land and Retain Big Agency Clients with David Brickley

    Are you struggling to capture those big fish clients? Does it feel like your agency is constantly battling for every account? We've all been there! You've still got some growing pains. But, what if you could skip those growing pains and go right to be big leagues? Here's how one agency owner made his first client Kobe Bryant.

    In today's episode, we'll cover:

    • How to score big agency clients.
    • 3 reasons your agency should hire some freelancers.
    • #1 way for digital agencies to stay competitive.

    Today, I talked with David Brickley, CEO of STN Digital and Host of The Business Of Social podcast. We all have our own unique origin story but, David's story is downright crazy. Not only did he score one of the biggest names in sports (Kobe Bryant!) as his very first client — he continues to work with some of the biggest names in sports and entertainment. James Harden, Shaq, Amazon, UFC, the Olympics, and even movie stars are his bread-and-butter. David's here to share his story about how you can grow your agency event while you're a small or mid-sized shop.

    How to Score Big Agency Clients

    What if I told you that David convinced Kobe Bryant to be his first client through a cold email? It's true! And, there's a lot we can all learn from that...

    Scoring your first big client is all about taking chances. Get out there and chase them - because why couldn't it be you?

    Forget about sticking to inbound and waiting for them to knock on your door. If there's something you want bad enough, get out there and chase it. And you know as well as I do — it only takes one big client to completely change the course of your agency.

    Once you have a big name or a big brand, you can leverage them to get other big clients. It's the domino effect. And, winning with outbound doesn't require a big budget - it's all about the grind.

    3 Reasons Your Agency Should Hire Some Freelancers

    Don't worry - you don't need a huge team to serve big clients, you may just need to add some freelancers. The gig economy is in full swing. You can talented and highly skilled freelancers to work on a project basis. And here's why:

    1. Freelancers give you tons of flexibility. You don't have to worry about onboarding for each unique client need. If your next client needs a little camera work done, you don't have to go out and hire someone for the one job. You can pay someone by-the-hour, and you never have to make a commitment.
    2. Freelancers give you scale. What happens once you get your first big client? Do you have a team ready to handle their projects? If not, you've got an unlimited number of freelancers ready to tackle that project.
    3. Freelancers are cost-effective. Does it really make sense to hire a full-time writer for 40 hrs a week to create a few blog posts? Do you really need a full-time animator? Freelancers allow the flexibility to pay-as-you-go on a project basis, without the overhead of full-time employees.
    #1 Way For Digital Agencies to Stay Competitive

    Every year, hundreds of agencies close their doors for good... and for most of them it's not intentional, but rather the result of lacking one basic thing. They didn't adapt.

    The algorithms keep changing and what worked last week or last month or last year isn't cutting it. For example, EO isn't the same this year as last year. And, it could be wildly different next year. Digital agencies have to be flexible and they need to be constantly innovating.

    If you aren't creating bigger, better, and more interesting things, you're headed down a dangerous road. You can't keep performing the same old tricks; you must keep things new and evolve to the needs of your audience.

    Client retention isn't all about wooing them (although the right gifts don't hurt!) It's about providing them value with innovative solutions they can't find with anyone else.

    19 min
  • How to Make Video Content To Attract New Agency Business with Chris Deblasio

    Creating video content is hard, right? It's got to be perfect lighting, sound, and of course relevant subject matter. Don't let all that overwhelm stands in your way of getting started. Video content is one of the hottest ways to attract new agency business. And, anyone can make incredible videos without a ton of experience - you just need to get out of your own way in order to get started.

    In today's episode, we'll cover:

    • How to start making video content for your agency.
    • 3 easy video types to help get you started.
    • #1 tip for creating engaging video content.

    Today, I talked with Chris Deblasio, actor, producer, and CEO of Agency850, the entertainment marketing company he founded. Chris's agency shoots Hollywood-quality videos and does product placement for movies and TV. Chris went from selling yellow page ads to running a successful video agency. And, he's learned a few tricks along the way. From being comfy in front of her camera to winning with video creatives, Chris explains how video marketing can add value to your agency's services.

    How to Start Making Video Content

    Chris makes high-quality videos at his agency but he's the first to admit you don't need fancy equipment to get the attention of your prospects. You don't need an expensive camera and a sound crew to produce outstanding videos -- just need your phone and a vision.

    Want to know the big secret to making great video content? Just start!

    The sooner you start, the sooner it will become second nature to you. Sure, you'll make some crappy videos in the beginning. But, you're never going to make really killer ones until you a few under your belt. No one is going to judge you by one or two stinky videos. Prospects will be looking at your entire body of content, not a few rough ones.

    The sooner you start, the sooner you can find your voice. And the sooner you can cash in on video marketing – which isn't going away anytime soon.

    3 Easy Video Types to Help You Get Started

    Here are 3 super-easy video content types to get you started. All you'll need is a camera and a smile.

    1. Q&A Show: A simple question/answer show is an easy way to throw your hat in the video content ring. All you have to do is sit in front of a camera and answer some questions. It will help you get comfortable being yourself in front of the camera, plus it will position you as a thought leader. Don't have any questions to answer? Research some in online communities like Quora. I did that when I first started Swenk Today!
    2. Live Content: Facebook Live and other live social platforms make it almost too easy. No one expects live videos to be filled with high production quality. That gives you a good excuse to play around a little if you don't know what you're doing. Give people a tour of your office or host a live Q&A with your clients and team.
    3. Podcast: Yes, all agencies should have a podcast! Your podcasts can be video podcasts. And, it's low risk. Most people are watching for the audio. So, if you have poor production and lighting skills, no one is going to notice. Even better, if you keep the podcast going, you'll be able to look back on your first episode and see how far you've come! Want a good laugh? Check out my first one which we now fondly refer to as my hostage video.
    #1 Tip for Creating Engaging Video Content

    The number one tip for making videos is... drumroll, please... be yourself!

    Yes! I know it's corny but it's true. Viewers want you to be genuine; this is easily the most important thing you can do to be successful with video content. Besides, no one can replicate you or your personality.

    It's totally normal. Most people tend to get a little nervous when in front of a camera. When I first got in front of the camera, I looked like an Oompa Loompa :)

    Take off the mask. A fake persona is obvious and copying someone else -- like Gary Vee or Casey Neistat is disingenuous. Go ahead and be yourself and give people a chance to like you for you.

    24 min
  • How to Use Freelancers as a Low-Risk Way to Scale Your Agency with David Freund

    Looking for a low-risk, high-result way to scale your agency? Want the flexibility to grow and scale at will? Freelancers are a great way to grab top talent in this gig economy. Using freelancers can help scale your agency faster and easier than bringing on permanent employees and the overhead that goes with them. But, the real key is knowing which roles to hand to freelancers and which roles you should not outsource. But, how about using freelancers as a core component of your workforce? I talk to an agency owner that uses both in-house employees and freelancers on almost every project. And it's helped him grow at the speed-of-light.

    • How to win with freelancers
    • Which roles you should never outsource.
    • What not to do with agency freelancers.
    • 3 reasons smaller agencies win big.

    Today, I talked with David Freund, Partner at Junto — a web design and content agency. David's agency doesn't just use freelancers on occasion... freelancers are a core component of his agency's growth strategy, with over 25 on his team. Vetting freelancers and leaning on them to deliver cost-effective results helps Junto stay competitive in the commoditized market. And, David's here to give us some tips on when and how to use freelancers the right way in order to grow your digital agency.

    How to Win With Freelancers

    Blending an in-house team with freelancers has a ton of benefits. Hiring a load of freelancers can help your agency go remote. And, it can definitely help you save on costs and onboarding headaches. But, the secret benefit is that it gives you insane flexibility to scale.

    With a core team of employees in place, you can hire and let-go freelancers at will. As your growth has ebbs and flows, your hybrid team of employees and freelancers has the flexibility to ebb and flow, as well.

    Need a new website designer? Hire a freelancer. Need fewer SEO specialists? Eliminate a few. With freelancers, you can grow and shrink at will. And, you don't have to worry about all of the junk that goes into hiring and firing. This gives you a huge advantage over your competitors who are stuck with less flexibility.

    Which Roles You Should Never Outsource

    As agency owners, the thought of outsourcing talent can be terrifying. Finding and vetting freelancers can be overwhelming. And, some freelancers can be unreliable or unpredictable unless. If you've been burned before you might be scared to work with others in the future. But, here's the secret — Dave says you have to outsource the right roles.

    For starters, keep strategy and project/account managers in-house. Keeping these roles strictly for permanent employees gives you the quality control that is necessary to grow your business.

    The last thing you want is to lose your agency's standard or sacrifice its reputation. Having a key team of managers within your walls is the secret to keeping a high standard and reaping the benefits of the gig economy.

    Your account managers act as a liaison between the agency and the client. You can structure your agency to have account managers work with the freelancers. That leaves you in charge of the big picture. But, you don't have to manage ALL of these freelancers and in-house team members at the same time.

    What Not To Do With Agency Freelancers

    It can be tempting to hire some freelancers, send them work, and then you deliver the end product to the client. Basically, your agency is just playing the middleman and reaping the rewards. Sounds like a win-win, right? Nope! Your agency needs to hold the reigns. You must have the systems in place to facilitate freelancers success and deliver consistent results to your clients. If the end product is a representation of your agency's work you have to have control over it from start to finish.

    Your job is to provide your freelancers with the systems they need in order to succeed. And, you or someone within your agency needs to have the skillset to understand and oversee the work you're outsourcing to a freelancer. So for example, if you don't know anything about web design, don't just hire freelancers and hand over a finished website to the client. At the very least, your account manager should have an understanding of web design and work hand-in-hand with the freelancer.

    3 Reasons Smaller Agencies Win Big

    Size doesn't matter - no, really! :) There's never been a better time to be a small or mid-sized agency. You can be nimble and agile with your clients, and you can be far more flexible than the bigger agencies. If or when prospects question your agency's size, use these benefits to spin the story in your favor:

    1. Small agencies can leverage freelancers. Using freelancers for skilled roles helps cut costs and compete for big projects. Sure, big agencies could hire freelancers but, they usually don't. They have a huge in-house team. And, they're going to lean on that team to get jobs done in order to justify salaries. But, that additional overhead puts them at a pricing disadvantage. Your agency can do the job cheaper and deliver better value. You have access to an entire global network of talented professionals because you're not restricted to just a specific few employees.
    2. They're still flexible. The best thing about being a small agency is that you can flip-the-script at-will. Want to start adding new services? Go for it by bringing on a freelancer with that skill set. Thinking about some new processes or strategies? Sure! You can try out all your ideas without disrupting a massive ecosystem
    3. Despite size, small agencies can compete in a changing world. Smaller means you're not stuck. You have plenty of maneuverability to start adjusting to the new trends in marketing. There are plenty of new and interesting avenues to explore... chatbots, artificial intelligence and a bunch of other emerging technologies exist in sparse markets. And, you can start jumping into those markets immediately!
    20 min

About Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies

From the publisher's feed

Growing an agency is very difficult, and you might feel unclear what to do next in order to grow and scale your agency. The Smart Agency Masterclass is a weekly podcast for agencies that are wanting…

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