Running a digital marketing agency is complicated, and it’s only going to get more so. That’s why you need an account manager who can help you avoid the pitfalls of trying to do everything yourself. Watch this video and see why account management will save your agency time and money!
Running a digital marketing agency, I’ve got news for you, you probably need a specific role within your company. And you need it sooner than you think. And that role is account management, right?
If you run your digital marketing agency, there’s lots of hats to wear, right? There’s landing of the clients as the sales hat, the marketing hat for your own business, there’s the delivery hat, which is how do we get the work done whatever you just sold website, SEO Pay Per Click social media marketing, the actual doing of the work. And then there’s account management that’s managing the relationship with the client going through the reporting, helping them see what you’re doing, helping them understand the value, so they stick with you long term. Fact is, that takes a lot of time, that takes a lot of energy. And if you don’t do it, right, if you’re not consistent with the follow through, you’ll have churn problems, those churn problems lead to the lead to what they lead to lack of revenue, lack of confidence, they also lead to a bad reputation within your vertical, right, if you’re if you’re doing an industry specific agency, like I recommend, and one particular vertical, if you lose clients, the word will spread relatively quickly.
And so here’s, here’s why I think most agencies do, they try and do it all themselves, they try and focus on getting the clients, and then they keep themselves active with doing the work. And then they’re also trying to retain the clients and, like, retain new relationships. And that leads to a couple things, right, it’s gonna lead to burnout, right? Something’s got to give. If you’re trying to wear all the hats, and you’re trying to retain the clients and you’re trying to do everything you’re going to burn out, you’re either going to stop selling, you’re going to stop fulfilling. And ultimately, balls are going to get dropped, right balls will either get dropped in your own sales and marketing efforts, probably more likely, balls will get dropped for your client things you promised you were going to do don’t get done. communication that you know, you should be keeping up, going through the reports showing them what you’re doing starts to fall by the wayside.
And that results in client churn, right? It results in clients leaving it results in frustration, it results in feeling like you’re taking one step forward, and one step back. And so what you need to do, right, I really think there’s two positions, you have to remove yourself from right away within your business. The first is operations, right? the doing of the websites, doing the SEO doing the pay per click, the second position that you need to remove yourself from his account management, that customer relationship, that customer focus side of the business. And I really believe it’s sooner than you think. Right?
You might think, Well, once I’ve got 50 clients, once I’ve got 30 clients, I can think about doing something like that, I think that would be a mistake, I think that’s way too far into the future, I believe, you probably need to be looking at an account manager around 10 to 15 clients, depending upon what you charge, that’s probably somewhere between $10,000 – $20,000 in MRR monthly recurring revenue.
If you can make the investment in a good account manager at that point in time, you’ll be able to retain your clients higher because they’re going to be getting served. And they’re going to have a proactive communication process that account manager is responsible for, but you’re also going to throw yourself up not to have to do the launch calls not to have to do the monthly reviews not to have to worry about that client calling in at four in the afternoon asking for these 19 things that didn’t get done. Right, it will free to focus on what you need to focus on as the entrepreneur as the owner of the business, which is business development, which is thinking about Okay, how do we position ourselves in this space? How do we continue to fill the funnel for our business and how we continue to grow and scale. So you may need an account manager sooner than you think.
If this has been helpful, and you’d like some additional insights on how to find great account managers for your digital marketing agency, put account managers in comments and I’ll kind of hook you up with some training that walks you through how to find really good account managers and some of the psychological factors you want to pay close attention to when selecting someone for that role. So post it in comments.
If you have any questions about this? Let me know. And if you’re not already in the digital marketing agency success Facebook group, I’ll have a link here. Be sure to join us there. We’re sharing some of our best ideas, strategies and techniques for growing and scaling your digital marketing agency. We’d love to have you join us in that Facebook group. It’s completely free. Other than that, post account management in comments here if you’d like some additional insights on how to find good account managers, and I look forward to talking with you soon.
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I started my local internet marketing agency in 2011. We started with ZERO clients and ZERO revenue. Now, we bill $425,000 per month ($4.5 Million per year), and grow every month.
There are three keys to that kind of digital agency growth:
► Choose a niche and focus intensely on serving it.
► Position yourself as THE expert in that niche.
► Serve your niche clients better than any competitor can.
In fact, our business is growing so consistently that we have awards to prove it. We have made the Inc. 5000 list of fastest-growing US companies four years in a row—2016, 2017, 2018, 2019.
You can watch a video where I explain how we grew our agency to the Inc. 5000 list by clicking here.