You’ve been dreaming of this day for as long as you can remember. The day you can finally launch your agency, the one you’ve been building up from the ground floor.
It is a remarkable moment when you consider all the work and preparation that went into this day. From developing a business plan to securing funding, creating a pitch deck, and scouting for new clients, you can feel the anticipation as the clock hands approach twelve.
It is time to open your agency for business, and today is your lucky day. You can finally put all your hard work into practice and begin building your dream agency.
But a question pops up in your head – how can I create a profitable agency marketing strategy?
You’ve been dreaming of this day for as long as you can remember. The day you can finally launch your agency, the one you’ve been building up from the ground floor.
It is a remarkable moment when you consider all the work and preparation that went into this day. From developing a business plan to securing funding, creating a pitch deck, and scouting for new clients, you can feel the anticipation as the clock hands approach twelve.
It is time to open your agency for business, and today is your lucky day. You can finally put all your hard work into practice and begin building your dream agency.
But a question pops up in your head – how can I create a profitable agency marketing strategy?
Like any other business, your agency will need a marketing strategy to be profitable. While you may be tempted to dive right into marketing activities and campaigns without a thought, there are a few steps you can take to ensure your efforts will be profitable and sustainable.
Firstly, build a business case. Just like any other business that’s trying to justify a marketing spend, you need to be able to prove the value of what you’re doing and the amount of return on investment (ROI) you’ll get. This involves performing a profit analysis and determining what makes your product or service special and unique. Also, consider the competitors’ pricing and what features they’re providing to set yourself apart from the crowd.
With this knowledge in hand, you can determine the amount of marketing spend you’ll need to make. Just keep in mind – you’ll never know exactly what works and what doesn’t until you try it. So, take your pick from the various strategies discussed below and begin implementing them.
Measure The Results Of Your Strategy With A Growth Study
One of the most crucial things you need to do before diving into your agency’s marketing strategy is to measure the results of your efforts. You can’t optimize what you can’t measure, and the saying ‘measurement is the key to improvement’ is true for any industry. In digital marketing, we sometimes get so absorbed in activities and metrics that we lose sight of the big picture. For instance, focusing on clicks, leads, and conversions can make you lose sight of the fact that you’re not generating any revenue or nurturing any customers. In these cases, it’s essential to step back and measure the success of your strategy with a growth study, which will evaluate how effective your marketing is in generating new leads and converting them into paying customers. In addition to this, you should consider the results of your marketing efforts in terms of increasing brand awareness, boosting your online presence, and establishing yourself as an expert in your industry.
Understand The Anatomy Of A Lead
Most businesses will go through hundreds of leads before actually gaining any traction. This is especially true for marketing agencies, which often struggle to secure new business in the first place. One of the major problems hindering agency growth is the fact that most marketing departments don’t have a full understanding of what a lead is and how to go about growing their list. In order to tackle this, it’s essential to set up a lead management system, which will enable you to track and analyze all your leads. Moreover, as a marketer or an agency working with marketers, it’s your job to understand the anatomy of a lead so you can engage with them effectively. This may mean getting to know them a little bit and using tools like SurveyMonkey to get some feedback about your product or service. By doing this, you’ll be able to determine what makes a lead tick and whether or not they’re a good fit for your business.
Build A Rolodex Of Prospects
Just like any other business, your agency will eventually reach the point where it needs to focus on expanding its customer base and growing its client list. To do this, you need to build a rolodex of prospects, which is essentially an address book of all the people you know or know of who might be willing to spend with your agency. To be able to do this, you’ll need to put in the time to build relationships with the right people, gain their trust, and ensure they’re aware of your product or service. One way of doing this is by spreading the word about your agency through social media. You can also get in touch with existing customers and see if there’s anything you can do to further enhance their experience or grow the business. By doing this, you’ll be able to effectively build a rolodex of prospects and begin to grow your customer base. This will ultimately lead to more business and the ability to offer more value to your customers.
Create A Clear Marketing Mix
Now that you have a customer base, you can start to develop a clear marketing mix. In terms of the four Ps of marketing (Product, Price, Place, and Promotion), you need to have a clear idea of what you’re going to use to promote your product and service. In addition to this, you need to ensure your chosen strategies and tactics are working together to form a cohesive marketing plan. For example, if you’re using social media to gain exposure and brand awareness, you may decide to take advantage of its viral qualities and use a few highly creative tricks to get the most from your campaign.
Determine The Next Marketing Action
With a clear marketing strategy in place, you can now determine the next step of your marketing plan. Just remember to keep your clients’ best interests at heart and consider what will make them feel valued and keep them coming back for more.
Hopefully, this article has helped you understand how to create a profitable agency marketing strategy and has given you some ideas on how to begin. If you’d like to learn more, check out the links below.