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Marketing School - Digital Marketing and Online Marketing Tips

Agency Acceleration: LinkedIn Strategy, Client Retention, and Offers

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Business, Marketing

4.61.3K Ratings

🗓️ 14 September 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

In this bonus episode, we give you a sneak peek into what our Agency Owners Association (AOA) hangouts look like. Join their discussion about client retention, managing churn rates, the significance of customer delight, and innovative approaches to client acquisition through platforms like LinkedIn. Don’t forget to help us grow by subscribing and liking on YouTube! Check out more of Eric’s content (Leveling UP YT) and Neil’s videos (Neil Patel YT) TIME-STAMPED SHOW NOTES: (00:00) Introduction to Agency Growth Strategies (02:51) Understanding Client Retention and Churn (06:06) The Importance of Customer Delight (09:00) Leveraging LinkedIn for Client Acquisition (12:00) Crafting Compelling Offers for Better Engagement  Go to https://www.marketingschool.io to learn more! Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Single Grain << Eric’s ad agency NP Digital << Neil’s ad agency X @neilpatel X @ericosiu

Transcript

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0:00.0

All right, so we have a little treat for you.

0:01.4

So this is a coaching call from the Agency Owners Association.

0:06.0

This is a group that Neil and I have for agency owners

0:08.8

to help you grow faster.

0:10.1

So if you're the agency space, you a services business this is applicable to you.

0:14.0

It's a little preview of a call. It's probably 10-15 minutes or so and you get a sense for what it looks like to be in the group.

0:19.6

If you want to learn more about the group you can go to marketing school.

0:22.0

I.O. slash agency again it's marketing school the I.

0:25.2

O. slash agency hope you enjoy the episode.

0:27.6

Markos did you have a question I don't know if we got to you?

0:29.7

Yeah I did.

0:31.6

um it's So my question was, I'm trying to figure out what the best plan of attack is to scale.

0:38.0

Like for context, we're always hovering between 12 and 14 clients and an average deal size of about 6.57,000.

0:47.3

I'm trying to figure out if I should be focused on increasing my deal size, on average, to focusing on the performance to 10K for example or try and increase

0:58.4

my capacity to 21 or 22 clients or should I be doing both and I'm trying to figure out where I should be putting my effort

1:06.4

Marcus what's your performance I have to focus? What's your churn right now at your monthly churn? How many are you how many clients are you losing? So last month we lost

1:14.1

zero this month we lost one so 8%. I put a lot of focus into getting my turn down to as

1:21.1

close to zero as possible recently by getting a trade of director.

1:25.0

Got it. Okay, because reality for everyone is if your turn is even 5%, you have to replace about 50%

1:30.4

of your customers every year.

1:32.6

So agency churn, ideally, like,

1:34.7

I think it's still a shitty economy right now,

...

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