The Problems at Small Marketing Agencies & How to Fix Them
Oct. 20, 2014•0 likes•1,971 views
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Report
Marketing
How small and mid sized agencies can fix common problems like acquiring new clients, cash flow, revenue per client, proving ROI, client retention, client upselling and profitability.
5. Your Goals = Our Goals
From projects to retainers: eliminate cash flow variability
Larger and longer retainers: higher revenue per client
Build funnel of opportunities: sign up the right clients only
Repeatable sales process: no guessing. no waiting.
Repeatable delivery processes: enable you to control strategy and
outcomes.
Deliver unquestionable ROI: retention and referrals
Never ending upsell opportunities: retention and growth
6. AGENDA
1 What is Inbound?
2 Why Inbound?
3 Inbound and Agencies
4 Common Marketing Agency Challenges
5 HubSpot’s Agency Grader
6 Benchmarking Your Agency
7 Q&A
8. 86%
skip TV ads
THE OLD
MARKETING PLAYBOOK
BROKEN.
91%
unsubscribe
from email
200M
on the
Do Not Call list
44%
of direct mail is
never opened
IS
9. Inbound updates the playbook based
on the way people buy today.
Your
Content
Get Found Online:
• Website pages
• Blog articles
• Social media
messages
• All optimized to drive
qualified leads to your
site.
10. Inbound updates the playbook based
on the way people buy today.
Understand Your
Buyers:
• Personalize your
marketing
• Identify buyer needs
• Understand what
content pulls leads
through sales funnel
Get Found Online:
• Website pages
• Blog articles
• Social media
messages
• All optimized to drive
qualified leads to your
site.
11. The Inbound Marketing Methodology
Strangers
SEO Blog Sites Mobile Optimization
Visitors
Calls-to-Action Landing Page Optimization
Leads
Customers
Promoters
Social Media
Forms
Email Optimization
CRM Synch #
Lead Scoring
Sales Alerts
Personalized
Email + Web +
Social
Nurturing
Feedback Forms
Email + Web + Social
Engagement
ATTRACT
CONVERT
CLOSE
DELIGHT
13. A Few Statistics…
Inbound leads cost 60% less than outbound
leads
B2B companies that blog generate 67% more
leads per month than those that don’t
80% of business decision-makers prefer to get
company information in a series of articles versus
in an advertisement
Blogs give websites 434% more indexed pages
and 97% more indexed links
Sources:
http://socialmediab2b.com/2012/03/b2b-social-media-leads-infographic/
http://www.contentplus.co.uk/
http://www.searchenginejournal.com/
http://contentmarketinginstitute.com/what-is-content-marketing/
14. Average Customer ROI after using Software for 1 Year
Attracting Visitors
3.5x
Average Increase in
Monthly Website Visitors
Converting Leads
6.1x
Average Increase in
Monthly Leads
Closing Customers
69%
Report Growth
in Revenue
Source: MIT Sloan graduate student study available at HubSpot.com/ROI
15. HubSpot customers see early results grow over time
35
30
25
20
15
10
5
0
2.37x
6.12x
6 months 9 months 1 year 1.25 years 1.5 years 1.75 years 2 years
Source: MIT Sloan graduate student study available at HubSpot.com/ROI
32.94x
13.75x
Months after implementing HubSpot software
16. HubSpot's Salesforce Integration
Revitalizes Mimio's Marketing
HubSpot helps us to improve our entire lead process
from increasing acquisition, to enabling segmentation, to
sending them off to our sales organization in a more
qualified state than we were able to do before.
“
Dawn Augiar ”
Senior Manager of Digital Marketing
Mimio
40%
Amount they are
exceeding monthly
leads goals
70%
Increase in
year-over-year
web traffic
#1
Page rank of
target
keywords
Full story: www.hubspot.com/customers/mimio
17. AmeriFirst Brings Its Relationship
Based Strategy Online
“I love HubSpot software because the tools are in one
place. Instead of piecing it all together slowly with
multiple sources, I get to do it all with fewer people and
one platform."
“
Dan Moyle ”
Creative Director of Marketing
AmeriFirst Home Mortgage
Full story: www.hubspot.com/customers/amerifirst
3.8x
More monthly
website traffic
after 1 year
51.7x
More monthly
leads after 1 year
5%
Increase in sales
after 2 years
18. Thermo Fisher Scientific Generates 30% Of Its
Sales-Ready Leads With Inbound Marketing
The value in HubSpot is that you can do all of your work
within one dashboard. It’s really a one-stop shop. “
” Sonya Pelia
Social Media & SEM MarCom Specialist
Thermo Fisher Scientific
Full story: www.hubspot.com/customers/thermo-fisher-scientific
30%
Of sales-ready
leads generated
on their website
182%
Increase in organic
website visitors
within 8 months
154%
Increase in Twitter
following within 8
months
20. THE MARKETING
AGENCY MODEL
BROKEN.
Agencies are having trouble
growing because they’re struggling
with…
1. Moving upstream to sell larger clients
1. Building a recurring revenue model
1. Establishing client retention
WHY?
No defined services offering
Still selling project work
Not developing a services
model that fosters retention &
upsell opportunities
IS
21. But The Inbound Model Can Help Fix it…
INSTEAD OF
STRUGGLING WITH…
No defined services offering
Still selling project work
Not developing a services
model that fosters retention
INBOUND ENABLES
YOU TO…
1. Develop a higher-priced services
offering
1. Sell retainer work recurring revenue
1. Deliver ROI through ongoing services.
Always be proposing new tactics,
campaigns and projects.
22. Impulse Creative Scales Business
and Increases Retainer Client
Revenue 6X with HubSpot
Partnership
6X
Increase in
retainer client
revenue in 2
years
5.3X
Increase in
monthly leads
year-over-year
HubSpot has not only allowed our agency to embrace the
inbound experience, but it has also opened up our agency to
being able to transform the way we report progress to our
clients. Not only are we generating amazing results, we get to
show it to our clients every day through the simple reporting.
“
” Remington Begg
Principal, Owner
Impulse Creative
3X
increase in
revenue in
2 years
Full story:
www.hubspot.com/customers/impulse_creative
25. Paul Roetzer’s Books
Read this one for yourself: Buy this for your prospective
(and existing) clients:
26. Drew Himel, PCR Agency, WSI Franchise. $450k to $1.2M in 1
yr.
44. You Must Create Content WITH & FOR Clients
http://www.square2marketing.com/blog/content-marketing-use-the-hub-and-spoke-system-for-content-strategy
Let’s look at where we are right now. And then talk about how to differentiate in the future.
As inbound agencies and HubSpot partners, this is the strategy that most of you have followed.
You’ve standardized the packaging and pricing of your services.
… into retainers. You’ve largely walked away from project only clients.
With these retainer services, you deliver ROI. You grow your clients traffic, leads and sales.
Not only do your clients get a clear ROI, your agency has benefited as well…
You increased the amt of revenue you get per client.
You’ve improved your cash flow.
Your increased prices and consistent cash flow have allowed you to invest in your business. Invest in your marketing and sales, growing and developing your people.
However, there is one major problem. You’ve followed the same playbook as atleast 1500 other agencies. In a year, there will be 3k other agencies. There’s also plenty of non-HS agencies that do these things too.
What will it take to be successful going forward?
(PAUSE)
Think about your last 5 deals. Did you have any competition?
How many have you competed against someone else in this room?
How many of you could have any client you wanted? Tomorrow. Call them up and sign em up.
No. You probably can’t.
Why not?
Why? Because – to your prospect – you look similar as other firms.
You’re not the ONLY ONE who could possibly serve them better than anyone else.
The key to winning in the future will be having unique expertise – that noone else has.
Together, we have the potential to really really really drive results for your clients, yourselves and HubSpot… if you all commit to being different from each other, different from any other agency out there.
Change this next line to something like “About 9 months ago, I started speaking with agencies who have specialized… I heard over and over again.”
I know that many of you are already doing this. I have a few examples I’ll share. In these examples, I’ll show you how specialized agencies have improved close rates, achieve higher prices and margins and faster growth.
Introduce David
Hopefully, they will inspire you to be 1 of a kind.
Mimio was using multiple platforms for their marketing strategy. They tried unsuccessfully for over a year to integrate their Salesforce CRM with their other marketing tools, an effort that drained developer resources better spent on their actual product.
Mimio designs and develops educational technology hardware and software for elementary, high school, and university classrooms.
AmeriFirst Home Mortgage had a traditional marketing strategy that revolved around direct mail and a few phonebook ads. They knew they were leaving money on the table because they didn't have a strong online strategy and weren’t measuring their marketing results. They were looking for a way to complement their relationship-based way of doing business with an online presence, along with tools to track results.
AmeriFirst Home Mortgage is a community mortgage banker with 30 years in the business. First time homebuyers are their specialty. From conventional loans to government-backed programs, they are committed to finding the right mortgage for any homebuyer.
Due to the complexity of their product offerings, Thermo Fisher Scientific has a long sales cycle in which customers do extensive research before purchasing lab equipment. The marketing team within the Chromatography division was looking for a ways to influence the sales cycle by leading the scientific conversation, improving brand recognition, and converting more leads online.
Thermo Fisher Scientific is a leader in the worldwide separations industry with customers in the environmental testing, food safety testing, pharmaceutical and biopharmaceutical, biotech, hospital, research and government regulatory agency labs.
YouEarnedIt is a flexible employee engagement software platform to recognize people, foster happiness at work, and reward employees for being great. As a rapidly growing start-up, they looked to HubSpot to help provide the guidance, training and tools needed to build awareness, drive more traffic to their website and build a lead generation machine.
So, the world has changed. Inbound is more effective than ever. You have an amazing opportunity to create campaigns and projects that will really drive client success.