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Build a Better Agency Podcast

Scale and grow your agency with better clients, invested employees, and a stronger bottom line, with Drew McLellan of Agency Management Institute.
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Build a Better Agency Podcast
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Now displaying: July, 2019
Jul 29, 2019

Influencer marketing isn’t new. Remember Joe Namath in pantyhose? (If you don’t Google it)

But what is new is that anyone can harness the power of the internet and attract and monetize an audience. The value to our clients in that new twist is that there is an influencer for any subject, budget, or audience.

This is an area where many agencies are crushing their financial goals. But if done wrong – you can lose your shirt. That’s why I knew we needed to talk to Shane Barker.
Getting to the tactical heart of effective and profitable influencer marketing is what episode #199 is all about. My guest is Shane Barker, who has been doing influencer marketing since before the term was even coined. We talk about finding the right person, the proverbial needle in the influencer haystack, and how to determine the real reach of that individual who calls him/herself an influencer.

Maybe you or your clients are still questioning the ROI of influencer marketing. Shane and I discuss how to do it right from start to finish, so you and your clients get the most bang for your influencer buck.

From working with agencies and brands on influencer strategy and with celebrities on digital reputation management, to obtaining a #1 national ranking with PROskore as a social media consultant, Shane has built an impressive list of accomplishments. As a regular contributor to publications like Salesforce, Yahoo Small Business, Marketing Profs and others, he continues to grow and share his knowledge.

What You Will Learn in this Episode:

  • How to vet influencers so you and clients get what you pay for
  • Why you should interview influencers to find the right fit beyond the metrics
  • How to A/B test in influencer marketing
  • What goes into developing a solid influencer marketing strategy
  • How to be the best choice for the influencers you want to work with
  • Developing Scope of Work terms with an influencer
  • The best tools to use to start your influencer search
  • How to fine-tune your influencer search with the “eyeball test”

Ways to Contact Shane Barker:

Jul 22, 2019

In all the years that I’ve been an agency owner (almost 25) and worked alongside agency owners (15+) there is a common pain point — biz dev. We love getting to the table and talking with a potential client about how we can help them. However, getting to the table feels like a slog.

That’s why, if we’re honest with ourselves, we don’t invest as much time and attention as we should to prospecting. The situation becomes a real Catch-22. Sooner or later, that bites every agency owner in the caboose and the bank account.

In episode #198, I talk with Dan Englander, who was on the show a while back (episode #76) and what I appreciate about Dan is that he’s been a student of this challenge. Not only has he analyzed the reasons why we avoid going after new business, but he has developed a process with tangible steps you can take to break the pattern. He’s the proverbial “man with a plan.”

We dig into what makes a good sales team, the right roles for the right people, and how to get and stay on the right biz dev tasks as owners and principals.

Dan founded Sales Schema in 2014 to help marketing service companies reach new heights by aggressively focusing on new business. Previously, he was the first employee business development lead at IdeaRocket. Before that, he was Account Coordinator at DXagency. He’s the author of Mastering Account Management and The B2B Sales Blueprint. In his spare time, Dan enjoys developing new and exciting aches and pains via Brazilian Jiu-Jitsu.

What You Will Learn in this Episode:

  • How to set up a biz dev team for success
  • How to create a 3-person sales pod
  • The role of a B2B biz dev strategist in your shop
  • Specific tasks that owners and sales leaders should be completing
  • How to create a transparent process that leads good-fit clients to a buying decision
  • How to find enough confidence in your pipeline to be choosy about clients
  • Ways to back up an abundance mindset with solid strategies and tactics
  • How to build momentum through your biz dev efforts
  • How to avoid perfection paralysis in biz dev

Ways to Contact Dan Englander:

Jul 15, 2019

The customer journey, UX, customer experience: buzzwords or actually points of value we can offer clients? I think in the hands of the under-informed and without good data, a process for gathering that data, and a genuine understanding of what the customer journey can tell us, it becomes a matter of hearsay and guesswork.

That isn’t good enough for this week’s guest, so we’re taking the guesswork out of it. I talk with Heidi Trost, owner and CEO of Voice + Code, about how to gather the right data and what to do with it to make that crucial connection between the goals of the customer and the goals of the company.

Heidi Trost has built an agency around those kinds of fixes. Heidi started Voice+Code in 2010 after working at other agencies and being an adjunct professor. She has a passion for helping clients build technology that actually serves their customers and delivers on the experience the customer is seeking. We’re going to dig into all of those topics.

Heidi’s obsession with usability and the user experience began with her award-winning graduate research at Rochester Institute of Technology. Today, her passion is to help businesses measure and optimize the user experience while making the digital realm safe, usable, and accessible.

As a user experience researcher and designer, speaker, and usability expert, Heidi has helped startups and Fortune 500 companies develop digital product strategies that align customer needs with business goals.

What You Will Learn in this Episode:

  • The data and metrics to use in understanding the customer journey
  • The best methodologies for getting input from your clients
  • How to test your assumptions about a customer persona
  • How to set up usability studies
  • How to map out the customer journey
  • Getting realistic about the customer journey
  • What prevents a product or service from achieving a great user experience
  • How to convince clients to invest in research

Ways to Contact Heidi Trost:

Jul 8, 2019

I know a lot of agency owners think about selling their shop. But do they think about it strategically? Or soon enough? Do they execute on a plan that will set them up for success 5-10 years before they’re ready to sell?

Usually, the answer to those questions is no. And on the flip side, how many agency owners think about growth through acquisition? Selling is a big part of the conversation but buying should be on the table as well.

In episode #196, I talk with Terry Lammers, who has been buying and selling businesses since he sold his family fuel company. We talk about the monetary and non-monetary aspects of getting the most from your agency or being a smart buyer if you’re on that end of the transaction. Most importantly, we dig into how, why, and when to start planning your exit strategy as an agency owner.

Terry Lammers grew up in a little town of 600 people. His family owned a wholesale fuels and lubricants company and when Terry took over as president of the company, he had some big ideas for growth. Out of that experience developed a fascination with the process of buying and selling businesses.

Since then, Terry has formed a business brokerage that helps people who want to buy and sell businesses. He also has his designation as a certified valuation analyst, accreditation through the National Association of Certified Valuators and Analysts. He is the author of You Don’t Know What You Don’t Know: Everything You Need to Know to Buy and Sell a Business.

What You Will Learn in this Episode:

  • Why it’s never too early to plan your exit strategy
  • How to value a business (like an agency) with little regular recurring revenue
  • Who to have around the table to plan your exit strategy
  • Nonfinancial elements of your agency that add or subtract the value
  • Why culture is so important and why blending two company cultures is so difficult
  • How agency owners can start thinking about the acquisition as a growth strategy
Jul 1, 2019

How’s your year going so far? I might have a pretty good idea already. We work with and see how 250+ small to mid-sized agencies are doing every year and there are always patterns that emerge.

Every spring, I give a trends presentation to all of the agency owners in AMI peer groups. Together we explore how those trends are showing up in our world and how they’re impacting the industry.

Then, in the summer – I share those same rends with my podcast audience. If you’ve been listening for a while, you know this is an annual feature of the show.

In this episode, I share the financial picture that is emerging from the data. How are clients spending their marketing dollars? Is this a good time to be an agency owner? I’ll share what the numbers are saying. We’ll also talk about the mood among agency owners and whether or not they’re bullish on 2019 and 2020.

There are too many trends to cover in one episode, so this is part one. Check it out so you’re ready for part two next month.

What You Will Learn in this Episode:

  • Top agency trends in 2019
  • Understanding the rise of project work
  • How to manage after a gorilla client suddenly breaks up with you
  • Why transparency in markups and commissions is so important
  • Why agencies are earning more dollars, but those dollars are harder to acquire
  • How to regain that spark when agency work makes you weary
  • New trends in agency succession planning

Drew McLellan is the CEO at Agency Management Institute. He has also owned and operated his own agency since 1995 and is still actively running the agency today. Drew’s unique vantage point as being both an agency owner and working with 250+ small- to mid-size agencies throughout the year gives 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 — Drew 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, Forbes, Entrepreneur Magazine, and Fortune Small Business. The Wall Street Journal called his blog “One of 10 blogs every entrepreneur should read.”

Ways to contact Drew McLellan:

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