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How to Increase Your Agency's Revenue By Niching Down and Saying No

How to Increase Your Agency's Revenue By Niching Down and Saying No

FromSmart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies


How to Increase Your Agency's Revenue By Niching Down and Saying No

FromSmart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies

ratings:
Length:
16 minutes
Released:
Feb 27, 2022
Format:
Podcast episode

Description

Are you afraid to niche for your digital agency because you think it means saying no? Are you scared niching down will pigeonhole your agency and limit its potential? Think again! There are so many benefits when you choose to focus your agency services on a specific market. Joe Giovannoli worked for a full-service agency right out of college and decided to replicate that model when it came to building his own business. Like many agency owners, he was hesitant to focus on a specific market. But once his agency, 9Sail decided to niche down to just SEO for law firms and construction, they started to grow quickly. Joe is on the show sharing about niching down twice, life after learning to say no, and the most exciting deal his agency has landed. 3 Golden Nuggets Niching down twice. There is a lot of fear associated with niching down and making the switch to only go after a specific market or provide a specific service. Joe did this twice, once to change their service offering from a full-service agency to an SEO & SEM agency. Then again to focus on two specific industries with law and construction. Both times it was a scary step and he found himself relieved at the results. “We started getting more referrals. We've started getting more qualified leads, and we actually started to establish a name for ourselves in those spaces,” he says. Clients that take you with them. When asked about the most exciting deals they’ve gotten as an agency, Joe thinks back to the times they get referred by past clients. This is a testament to their work as an agency. Some of former clients have worked at several different companies over the years and each time they get to a new company they call 9Sail to work with them again. “That’s the really exciting stuff,” he assures “the deals that we get referred in from a past client, or we get referred in from somebody that's happy.” Life after learning to say no. What is life after learning to say no to being the agency that does everything and choosing a niche where you can be an authority? “The word relaxed comes to mind,” Joe told Jason. For starters, the team feels comfortable learning the space and knowing they're going to use this knowledge time and time. Rather than always needing to learn the nuisances of different industries. Also, niching gives them an opportunity to build their pipeline where they chose the clients that are the right fit for the agency. This results in a more predictable means for growth. Sponsors and Resources E2M Solutions: Today's episode of the Smart Agency Masterclass is sponsored by E2M Solutions, a web design and development agency that has provided white label services for the past 10 years to agencies all over the world. Check out e2msolutions.com/smartagency and get 10% off for the first three months of service. Subscribe Apple | Spotify | iHeart Radio | Stitcher | Radio FM Saying No to Trying to Be Everything to Clients & Finding Success After Niching Down Twice {These transcripts have been auto-generated. While largely accurate, they may contain some errors.} Jason: [00:00:00] Hey, Joe, welcome to the show. I'm excited to have you on. Joe: [00:00:05] Yeah. Thanks. Excited to be here. Jason: [00:00:07] Tell us who you are and what do you do? Joe: [00:00:11] Uh, yeah, so, uh, my name's Joe Giovannoli. I am the founder and CEO of 9Sail. We are a search marketing company for law firms and construction companies. So we work on both the SEO organic side, as well as the paid search side of a marketing strategy that a law firm or construction company might have. Our goal is basically lead generation for those, those companies. Jason: [00:00:35] Awesome. And, uh, tell me a little bit about you and how you got started in the agency. Joe: [00:00:40] Yeah. So I actually, uh, had started a company while I was in college. Uh, that was a social media marketing agency. And then coming out of college, I decided to work for a full-service marketing firm, you know, really just to get m
Released:
Feb 27, 2022
Format:
Podcast episode

Titles in the series (100)

Growing an agency is very difficult, and you might feel unclear what to do next in order to grow and scale your agency. The Smart Agency Masterclass is a weekly podcast for agencies that are wanting to grow faster. We interview amazing guests from all over the world that have the experience of running successful businesses, and will provide you the insights you need. Our podcast is just over 3 years old, and have reached more than a half million listeners in 42 countries.