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Let’s Make Money: 4 Tactics for Agencies Looking to Succeed – Best of Whiteboard Friday

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TechMatters

August 22, 2020

Let’s Make Money: 4 Tactics for Agencies Looking to Succeed – Best of Whiteboard Friday

We spend a lot of go discussing SEO tactics, but in a constantly changing industry and especially in times of mistrust, the strategies bureaux should apply in order to see success deserve more attention. In this favourite( and still related) Whiteboard Friday, Russ Jones discusses four essential success tactics that’ll eventually increase your bottom line. Russ too delved into the topic of profitability in his MozCon Virtual presentation this year. To watch his and our other shocking talker presentations, you can purchase access to the 2020 video bundle here.

</ iframe></p> <p style="text-align: center;"> <p> <a href="https://d2v4zi8pl64nxt.cloudfront.net/lets-make-money/5afdcfa7951332.49922344.jpg" target="_blank"><img alt="Agency tactics" data-image="gz8bfdxezdar" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;" data-src="https://d2v4zi8pl64nxt.cloudfront.net/lets-make-money/5afdcfa7951332.49922344.jpg" class="lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="><noscript><img src="https://d2v4zi8pl64nxt.cloudfront.net/lets-make-money/5afdcfa7951332.49922344.jpg" alt="Agency tactics" data-image="gz8bfdxezdar" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;"></noscript></a> </p> <p class="caption" style="text-align: center;">Click on the whiteboard portrait above to open a high-resolution version in a new invoice! </p> <p> <iframe extent= "1 00% " height= "1 00 " scrolling= "no" frameborder= "no" stand= "autoplay" src= "https :// w.soundcloud.com/ musician/? url= https% 3A // api.soundcloud.com/ tracks/ 4458405 69& complexion =% 23 ff5500& auto_play= fraudulent& hide_related= fraudulent& show_comments= genuine& show_user= genuine& show_reposts= spuriou& show_teaser= true" class="lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="></ iframe> Video Transcription </p> <p>Howdy, Moz followers. I am Russ Jones, and I can’t tell you how elicited I am for my first Whiteboard Friday. I am Principal Search Scientist now at Moz. But before coming to Moz, for the 10 times prior to that, I was the Chief Technology Officer of a small SEO agency back in North Carolina. So I have a strong passion for agencies and consultants who are on the sand doing the exertion, curing websites grade better and facilitate improve businesses.</p> <p>So what I wanted to do today was waste a little of epoch talking about the lessons that I learned at an authority that admittedly I merely learned through trial and error. But before we even going any further, I just wanted to thank the kinfolks at Hive Digital who I learned so much from, Jeff and Jake and Malcolm and Ryan, because the team effort over era is what dissolved up building an agency. Any enterprise that succeeds knows that that’s part of it. So we’ll start with that thank-you.</p> <p>But what I really want to get into is that we devote a lot of term talking about SEO tricks, but not really about how to succeed in an industry that changes rapidly, in which there’s almost no certification, and where it can be difficult to explain to customers exactly how they’re going to be successful with what you offer. So what I’m going to do is break down four really important patterns that I learned over the course of that 10 times. We’re going to go through each one of them as speedily as possible, but at the same time, hopefully you’ll walk away with some good thoughts. Some of these are ones that it might at first feel a little bit awkward, but really follow me.</p> <p> 1. Raise premiums </p> <p>The first guideline, number one in Let’s Make Money is heighten your costs. Now, I retain quite clearly two years in to my job at Hive Digital — it was called Virante then — and we were talking about raising expenditures. We were just looking at our customers, saying to ourselves, “There’s no way they can afford it.” But then luckily “were having” the foresight that there was more to promoting tolls than simply accusing your purchasers more.</p> <p> How it benefits old patrons </p> <p>The first thing that really reached us automatically was … “Well, with our old customers, we are able to exactly discount them. It’s not that bad. We’re in the same place as we ever were.” But then it resulted to us, “Wait, wait, wait. If we dismiss our purchasers, then we’re actually increasing our perceived value.” Our existing purchasers now make, “Hey, they’re actually selling something better that’s more expensive, but I’m getting a consider, ” and by offering them that treat because of their love, you engender more patriotism. So it can actually be good for aged customers.</p> <p> How it benefits brand-new patrons </p> <p>Now, for brand-new purchasers, once again, same sort of situation. You’ve increased the seen appreciate. So your customers who come to you think, “Oh, this fellowship is professional. This fellowship is willing to invest. This busines is interested in providing the highest quality of services.” In actuality, because you’ve heightened tolls, you are eligible to. You can spend more time and fund on each patron and actually do a better occupation. The third part is, “What’s the worst that could happen? ” If they say no, you put forward proposals the reject. You’re back where you started. You’re in the same position that you were before.</p> <p> How it benefits your workers </p> <p>Now, here’s where it certainly matters — your employees, your workers. If you are offering bottom line rates, you can’t offer them heightens, you can’t offer them teach, you can’t hire them facilitate, or you can’t get better employees. But if you do, if you raise prices, the whole ecosystem that is your agency will do better.</p> <p> How it improves your resources </p> <p> <img data-image="1ua6w7a534so" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;" data-src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/2-28014.jpg" class="lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="><noscript><img src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/2-28014.jpg" data-image="1ua6w7a534so" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;"></noscript> </p> <p>Finally, and most importantly, which we’ll talk a little more last-minute, is that you can finally tool up. You can get the resources and capital that you need to actually supplanted. I sucked this kind of out.</p> </p> <p> <img data-image="l4nos08x5e2v" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;" data-src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/1-86794.jpg" class="lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="><noscript><img src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/1-86794.jpg" data-image="l4nos08x5e2v" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;"></noscript> </p> <p>If we have a graph of quality of services that you volunteer and the toll that you sell at, most enterprises think that they’re offering great quality at a little price, but the reality is you’re probably down now. You’re probably under-selling your services and, because of that, you can’t offer the best that you can.</p> <p>You should be up here. You should be offering higher caliber, your experts who spend time all day studying this, and developing costs allows you to do that.</p> <p> 2. Schedule </p> <p>Now, growing prices is only part one. The second thing is restraint, and I am really horrible about this. The reality is that I’m the kind of guy who looks for the latest and greatest and time mounts into it, but planned matters. As hard as it is to admit it, I learned this from the CPC tribes because they know that they have to stay on top of it every day of the week.</p> <p>Well, here’s something that we various kinds of came up with as I was leaving the company, and that was to set all of our patrons as much as possible into a schedule.</p> <p> Annually: we would handle keywords and opponents doing ended analysis.Semi-annually: Twice a year, we are to be able do material analysis. What should you be writing about? What’s changed in your industry? What are different keywords that you might be able to target now given additional resources? Quarterly: You need to be looking at associates. It’s merely a big enough issue that you’ve got to look at it every couple of months, a ended link analysis.Monthly: You should be looking at your slithers. Moz will do that every week for you, but you should give your customers new ideas, over the course of a month, what’s changed.Weekly: You should be doing positions </p> <p> <img data-image="nn2alze5pd3e" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;" data-src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/3-41443.jpg" class="lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="><noscript><img src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/3-41443.jpg" data-image="nn2alze5pd3e" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;"></noscript> </p> <p>But there are three things that, when you do all of these types of analysis, you need to keep in mind. Each one of them is a…</p> <p> ReportHours for consultingPhone call </p> <p>This might seem like a little of overkill. But of course, if one of these comes back and nothing modified, you don’t need to do the phone call, but each one of these represents additional money in your pocket and importantly better service for your customers.</p> <p>It might seem hard to believe that when you go to a patron and you tell them, “Look , nothing’s varied, ” that you’re actually uttering them appreciate, but the truth is that if you go to the dentist and he tells you, you don’t have a cavity, that’s good bulletin. You shouldn’t say to yourself at the end of the day, “Why’d I go to the dentist in the first place? ” You should say, “I’m so glad I came to the dentist.” By that same positive outlook, you should be selling to your patrons over and over and over again, hoping to give them the precision they need to succeed.</p> <p> 3. Tool up! </p> <p>So number three, you’re going to see this a lot in my videos because I simply adore SEO tools, but you’ve got to tool up. Once you’ve grew rates and you’re clearing more money with your patrons, you actually can. Implements are superpowers. Tools enabling you to do things that humans precisely can’t do. Like I can’t figure out the link graph on my own. I need tools to do it. But implements can do so much more than exactly auditing existing patrons. For example, they can give you…</p> <p> Better causes: </p> <p>You can use tools to find opportunities.Take for example the tools within Moz and you want to find other automobile dealerships in the area that are really good and have an opportunity to rank, but aren’t doing as well as they should be in SERPs. You want to do this because you’ve already serviced successfully a different auto dealership. Well, tools like Moz can do that. You don’t only have to use Moz to help your purchasers. You can use them to help yourself.</p> <p> Better pre-audits: </p> <p>Nobody moves into a sales call blind. You know who the website is. So you just begins with a great pre-audit.</p> <p> Faster workflows: </p> <p>Which means you shape more money quicker. If you can do your keyword analysis annually in half the time because you have the right tool for it, then you’re going to see far more money and be able to serve more customers.</p> <p> Bulk pricing: </p> <p>This one is just mind-blowingly simple. It’s bulk pricing. Every tool out there, the more you buy from them, the lower the price is. I remember at my old firm sitting down at one point and recognizing that every customer that came in the door would need to spend about $1,000 on individual details to parallel what they were coming through us by being able to take advantage of the amount rejects that we were going as an organization by buying these sits on behalf of the members of all of our customers.</p> <p>So tell your clients when you’re talking to them on the telephone, in the lurch is just like, “Look, we use Moz, Majestic, Ahrefs, SEMrush, ” list off all of the contestants. “We do Screaming Frog.” Just name them all and say, “If you wanted to go out and precisely get the data yourself from these tools, it would cost you more than we’re actually accusing you.” The implements can sell themselves. You are saving them money.</p> </p> <p> <img data-image="vroqaiw7l1vm" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;" data-src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/5-81158.jpg" class="lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="><noscript><img src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/5-81158.jpg" data-image="vroqaiw7l1vm" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;"></noscript> </p> <p> 4. Just say NO </p> <p>Now, the last section, real quickly, are the things you’ve just got to learn to say no to. One of them has a little nuance to it. There’s going to be some bite back in the comments, I’m pretty sure, but I want to be careful with it.</p> <p> No month-to-month contracts </p> <p>The first thing to say no to is month-to-month contracts.</p> </p> <p> <img data-image="f81c63j3m5oc" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;" data-src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/7-61825.jpg" class="lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="><noscript><img src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/7-61825.jpg" data-image="f81c63j3m5oc" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;"></noscript> </p> <p>If a purchaser comes to you and “theyre saying”, “Look, we are ready to do SEO, but we want to be able to cancel every 30 days.” the reality is this. They’re not interested in investing in SEO. They’re interested in dabbling in SEO. They’re interested in experimenting with SEO. Well, that’s not going to succeed. It’s exclusively going to take one competitor or two who actually invest in it to beat them out, and when they beat them out, you’re going to look bad and they’re going to cancel their accounting with you. So sit down with them and explain to them that it is a long-term strategy and it’s just not worth it to your firm to bring on customers who aren’t interested in investing in SEO. Say it politely, but really turn it away.</p> <p> Don’t turn anything apart </p> <p> <img data-image="pnh7en7pw0pr" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;" data-src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/8-62716.jpg" class="lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="><noscript><img src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/8-62716.jpg" data-image="pnh7en7pw0pr" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;"></noscript> </p> <p>Now , noting that my next thing is don’t turn anything away. So here’s something careful. Here’s the nuance. It’s really important to learn to fire buyers who are bad for your business, where you’re losing money on them or they’re only impolite, but that doesn’t mean you have to turn them apart. You exactly need to turn them in the right direction. That liberty counseling might be tools themselves. You can say, “Look, you don’t genuinely need our consulting hours. You should go use these tools.” Or you can turn them to other fledgling transactions, friends you have in the industry who might be contending at this time.</p> <p>I’ll tell you a speedy sample. We don’t have much duration, but many, years ago, we had a client that came back us. At our age-old companionship, we had a couple of rules about who we would work with. We have chosen not to be employed in the adult manufacture. But at the time, I had a friend in service industries. He lived outside of the United Government, and he had fallen on hard times. He literally had his business taken away from him via a series of just really unprincipled happens. I picked up the phone and demonstrated him a label. I didn’t turn away the customer. I turned them over to this individual.</p> <p>That very next year, he had ended up acre a new job at the top of one of the largest gambling organizations in the world. Well, frankly, they weren’t on our schedule of parties we couldn’t work with. We property the largest contract in the history of our firm at that time, and it prepared our busines directly for an entire year. It was just because instead of turning away the client, we turned them to a other direction. So you’ve got to say no to turning away everybody. They are opportunities. They might not be your opening, but they’re someone’s.</p> <p> No work slink </p> <p> <img data-image="b1kvqk6ksugt" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;" data-src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/9-64816.jpg" class="lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="><noscript><img src="https://d1avok0lzls2w.cloudfront.net/uploads/blog/9-64816.jpg" data-image="b1kvqk6ksugt" style="box-sizing: border-box; max-width: 100%; border: 0px; outline: none !important; box-shadow: rgb(153, 153, 153) 0px 0px 10px 0px; border-radius: 20px;"></noscript> </p> <p>The last one is service creeping. Oh, subject, this one is hard. A customer comes up to you and they roster off three things that you furnish that they crave, and then they say, “Oh, yeah, we need social media management.” Somebody else comes up to you, three things you want to offer, and they say, “Oh yeah, we need you to write content, ” and that’s not something you do. You’ve just got to not do that. You’ve got to learn to shave off business that you can’t render. Instead, turn them over to people who can do them and do them very well.</p> <p>What you’re going to end up “doin ” your conversation, your sales pitch is, “Look, I’m going to be honest with you. We are great at some things, but this isn’t our cup of tea. We know someone who’s really great at it.” That honesty, that candidness is just going to give them such a better tie-in with you, and it’s going to build a stronger relationship with those other specialty corporations who are going to send business your room. So it’s really important to learn to say no to say no service creep.</p> <p>Well, regardless, there’s a lot that we went over there. I hope it wasn’t too much too fast, but hopefully we can talk more about it in specific comments. I look forward to seeing you there. Thanks.</p> </p> <p><a href="http://www.speechpad.com/page/video-transcription/" target="_blank">Video transcription</a> by <a href="http://www.speechpad.com/" target="_blank">Speechpad.com</a></p> <p> Ready for more? </p> <p>You’ll uncover even more SEO goodness in the MozCon 2020 video bale. At this year’s special low price of $129, this is invaluable content you can access again and again throughout the year to invigorate and kindle your SEO strategy 😛 TAGEND 21 full-length videos from some of the brightest judgments in digital marketingInstant downloads and streaming to your computer, tablet, or mobile deviceDownloadable slide floors for renditions </p> <p align="center"><a target="_blank" href="https://moz.com/mozcon/videos" class="button-primary large-cta blue">Get my MozCon 2020 video bale</a></p> <p><a href="https://moz.com/moztop10">Sign up for The Moz Top 10</a>, a semimonthly mailer updating you on the top ten hottest bits of SEO news, tip-off, and rad attaches uncovered by the Moz team. 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