Blogging Drives Traffic Growth
The study compared blogging frequency against traffic & leads. The results showed staggering correlations.
Source: Lead Generation Lessons from 5500 customers.
Analysis Enables Steady Improvement
Analysis enables marketers to do more of what’s working and tweak or stop what’s not.
How Kuno Creative Leveraged Inbound
Marketing to 2x Revenue & Profitability
The Story
YOU WORK HARD
FOR YOUR MONEY
…But they never treat you right
• Where We Were
• What We Offered
• The Problem
• What We Did About It
• The Results
WHERE WE WERE
Working hard for the money
Year = 2009
Over 200 clients
Average revenue/ea = $5k
Client Retainers = 3
Website traffic = 500/mo.
Website leads = 5/mo.
HERE’S A PARTIAL LIST
CREATIVE PRODUCTS
• Graphic Design • Brokered Printing
(anything) • Brokered Media
• Brochures • Brokered Promotional
• Direct Mail Products
• Radio scripts • Online ordering systems
• Press Releases • Custom programming
• Stationery • Website Hosting
• Website Design • Off-site storage
• Print • Trade-show booths
• Outdoor Ads
A BIGGER
PART OF THE
PROBLEM
REVENUES & CASH FLOW
• Unpredictable
• We’re running out of money!!!
• And we’re just another design shop
• Better days are no where in sight
2008/2009
-15% Sales declined for the
first time in history.
It was a balancing
act.
WE HAD TO TRY
SOMETHING NEW
• Stretched for cash
• Laying off employees
• Working 60+ hours/week
BENEFITS of PARTNERSHIP
FOR US & OUR CLIENTS
Got More Website Visitors
Captured More Visitor Leads
Turned Leads into Customers
Analyzed Marketing Activity
No IT Staff & No Technical
Skills Needed – SAVING MONEY
THE POWER
OF A PLAN
CREATED A ROAD MAP
• What will we sell?
• How much will it cost?
• Sales Process
• Required Resources
• Assessing results
• Training new people
THE PLAN PART 1
CONTENT CLIENT QUALIFICATION
• 2-3 BLOG POSTS PER • PROSPECTING
WEEK ON LEADS
• 1 DOWNLOAD PER • PUBLISH PRICES
QUARTER ON WEBSITE
CLOSE THE DEAL
• CONSULTATIVE SALES
PROCESS
• FEWER PROPOSALS UP FRONT
Agency Sales Process Agencies that have
robust sales
processes are 2x as
% of Firms By Quartile and Number of Sales likely to be in the top
quartile. (Quartile 4
Process Activities has 2x size of retainer
& 1.5x growth rate of
4th Quartile 1st Quartile 39% quartile 1. )
35% 36%
30% 29%
25% 23%
20% 21% Sample Sales Processes
18% 17% 1. Use a documented sales
14%
process
2. Completed sales training
3. Have a standardized set of
questions to qualify
prospects as opportunities
0 1 2 3 4 5 4. Use a CRM to track sales
Number of Sales Processes Agency Undertakes activities and forecast
(out of 5 processes on right) revenue
5. Have a process to help
prospects establish sales
and marketing goals
Source: http://www.hubspot.com/state-of-online-marketing-services-industry/
THE PLAN PART 2
RESOURCES MONEY
• HIRE DARC • LINE OF CREDIT
EMPLOYEES • ELIMINATE
• ELIMINATE SERVICES PAYMENT TERMS
CLIENTS
• BEGIN GETTING RID OF BAD
CLIENTS
• FOCUS ON AREAS WERE GOOD
AT
80
OVER
%
Of marketers are more
likely to choose an
agency focused on
a specific sector.
Source: RSW/US
THE PITFALLS
OF CHOOSING
POORLY
• WHAT ARE YOU GOOD AT?
Healthcare
Software
Energy
• SAY NO TO:
Low cost “consulting” packages
Hourly Pricing
WHAT DO YOU OFFER?
PARTNERS IN HOUSE
• Strategy/Consulting • Content Creation & Design
• SEO • Social Media Marketing
• PPC • Demand Generation
• PR • Marketing Automation
• Collateral Copy/Design
• Direct Mail
• TV/Radio
• Print/Outdoor Ads
• Mobile Marketing
THE ART
OF PRICING
• What are your deliverables?
• What is your cost per
deliverable?
Manpower
Direct costs
Overhead
• What is your planned profit?
• Competitive factors
THE SCIENCE OF PRICING
• The deal is already discussed • The Proposal has a term
and agreed to • The Proposal has terms
• The Proposal reflects the deal • Discuss the Proposal
• The Proposal is a contract (?) in the 1st meeting
WHERE WE ARE NOW
Working hard for the money
Year = 2012
Less than 50 clients
Average revenue = $40k
Retainers = 35
Website traffic = 18,000/mo.
Website leads = 400/month
SUMMARY
1. Planning is the key to profitability.
Decide what you offer. Figure out the
delivery processes and price
accordingly.
2. Leverage inbound to create demand.
Blog, create offers and use email to
grow traffic, leads and sales.
Consistency and frequency drives
growth. Analyze for continuous
improvement.
3. Define your sales process. Qualify
opportunities. Create plans that achieve
client’s business objectives. Create
contracts only when verbal agreement is
Q&A
Learn How to Do what Kuno Creative Did:
www.hubspot.com/partner-ta
Well, In the immortal words of Donna Summer, you work hard for the money, but they never treat you right.
Pete Caputa is probably wondering why in the world I would use an image like this to describe our relationship and partnership with HubSpot. I think it’s safe to say that pretty no one at HubSpot looks like this.But I grew up on a small farm in the Midwest, raised horses, ….
Pete Caputa is probably wondering why in the world I would use an image like this to describe our relationship and partnership with HubSpot. I think it’s safe to say that pretty no one at HubSpot looks like this.But I grew up on a small farm in the Midwest, raised horses, ….
So here’s our pricing on our website. We have 3 basic levels, Basic Professional and Enterprise, just like HubSpot. Odd coincidence wouldn’t you say? These levels are treated as guidelines, not turnkey packages, so we always work through this schedule with prospective clients during sales calls and identify what they need before settling on a solution. It helps them to understand the deliverables, results and costs associated with their needs. You can see all of this on our website under inbound marketing pricing.What’s the purpose of doing this online and in public? Well, it helps to explain our pricing and get people comfortable with the levels of effort needed in each component of inbound marketing.Second, it helps leads pre-qualify themselves based on budget. When we get a lead that appears to be off target or unqualified, we will often send them here to see if they survive the sticker shock.This all goes back to knowing who you want to work with and tailoring your services and pricing message to fit them and exclude others.
So, the bottom line on pricing is:First, getting the deal points down in the first conversation. An online pricing page helps a lot here.Once that’s done, you create a proposal that reflects the deal points and pricing.Either your proposal is a contract or you have a Statement of Work that includes all the details, including all contingencies for additional time and work as needed.Make sure you have a Term so either you or your client can bail out if things go south.Make sure you have legal Terms detailed out.Make sure you review the Proposal/SOW in the first meeting to make sure there aren’t any surprises as you move forward.
So to pull an old line from HubSpot TV…What’s the Marketing Takeaway?Well, first figure out who you are and what you sell.Figure out how to do everything, involve your people in defining your processes, and pass them on to your new people. Keep coming back to those processes and make them better on a regular basis.Now you’re in a strong position to dictate price and win yourself some great clients.This solid foundation will make you profitable in the long run and allow you to grow without selling the farm to do so..Finally, if you can find a good partner, that’s the best investment you’ll ever make.