Ever wonder what the most successful agencies did differently than everyone else?

Was it luck, skill, hard work, the industry they chose, or something else?

Through my consulting work at Revenue Boost, I’ve worked with and taught over 400+ agencies how to scale their business.

From this, I’ve seen consistent patterns & traits in the ones who grow effortlessly…

Versus the ones who stay stuck for years – no matter how hard they work.

One key difference in approach stuck out to me.

I’ll illustrate what this one difference was with a story.

Once upon a time…

Two marketers graduated from business school with big plans to start their own agency. 

Ready to conquer the world, they started cold calling, cold emailing, and doing everything under the sun to get clients.

And although they had the SAME levels of work ethic and talent…

One of them now has an 8-figure agency.

The other one of them is still freelancing odd jobs, barely making ends meet.

What did the successful one do differently?

He took a big risk and started turning down clients and projects.

Instead of offering everything to everyone, like most agency owners…

And being a jack of all trades but a master of none…

He decided only to serve Plumbers and be the best dang’ plumbing marketer on the planet.

With a goal to make their pipeline fuller than a broken toilet pipe.

He mastered the art of niching down and realized it would be easier to be the biggest fish in a small pond.

And you should too – and in this article, you’ll learn exactly how to define your own niche.

Now it may seem scary to turn down clients…and it may feel like you’re limiting yourself by focusing on only one client-type.

But it’s exactly the opposite. You’re actually limiting yourself by being everything for everybody.

Niching Down Can Help 2x-3x Your Revenues

One of my clients Lauren ran a digital agency offering everything under the sun.

Social media, paid ads, web dev, SEO, and she offered it to clients from many different industries.

Because of this, her agency stayed stuck at $25,000 a month and she couldn’t break through.

On top of that, she and her team worked so much harder than they had to and operations were messy.

Every client needed different things, required customization, and nothing was standardized.

We sat together to audit all her past clients, and we found that Medical practices were her best clients.

They were easy to sell, stayed the longest, and gave her the least amount of headaches and complaints.

So, she changed her entire business model to ONLY service this industry.

Then, she developed a standardized offer for that industry, rather than customizing everything.

One offer, to one target market. Afterwards, she started cold emailing businesses in her niche with her new offer.

The Results?

 She 2X’d her revenues and grew to $52,000 in monthly revenue in not even four months time.

All from making one simple shift. One decision that can make everything easier, and you can do the same.

See, most agency owners and marketers start out with one or two clients, and then they get referred new clients from various industries.

Before they know it, they’re marketing everything for everyone and have NO idea who their ideal client is.

The Problem with Running a Business This Way Is That It Becomes Impossible to Scale.

Every single new client requires a ton of research, thought, and brainpower.

Because each new client has different needs, it leads to having no standardized processes and systems.

Which keeps the founder stuck in the business and unable to hire a team.

The other problem that arises is acquisition.

There are hundreds of thousands of agencies on the planet, and it’s really hard to stand out.

UNLESS you specialize.

When you specialize in a niche – let’s say, SEO for plumbers…

Then you aren’t competing with every other agency on the planet. You don’t look and sound just like them anymore.

Now, you’ve created your own tiny pond in which you can be a big fish.

There are way fewer agencies that specialize in plumbers or SEO, let alone both. So, you’ve eliminated the competition with one decision.

If a plumber was looking at two agencies – one that was a general digital agency and one that specializes in helping plumbers…

They almost always choose the agency that specializes in their industry and has testimonials from people just like them.

Not to mention, it’s easier to market when you have a clear niche in mind.

You know who you’re writing your content for…

You know who to send emails and social media DMs too…

You know exactly who to target in your ads….

You know what podcasts you should get booked on

And so on and so on.

Plus, you can charge whatever prices you want. Because you aren’t compared to the hundreds of thousands of agencies out there – you have a unique offer now.

Committing to one niche makes marketing easier, it makes selling easier, and it makes scaling easier.

You only have to be good at doing 1 thing for 1 person, and you can build systems and processes around it. This way, you can hire a team to take it over and be able to work less.

Become a Certified Analytics & Data Master

At Last, You’ll Have A Powerful Analytics Dashboard That Will Help You Make Smart Business Decisions

Click here

Now how do you do it? What if you don’t know who your ideal client is?

Step 1: Audit Your Current + Past Client List.

Write down every single client you’ve ever served, and group them by niche. Industry, location, size and so on.

Once you group them together, one niche might stick out for you already as your favorite type of client.

If it doesn’t, use my 7-Point checklist and rank each niche on a 1-5 scale.

These 7 criteria points are what makes a great niche.

#1 – Total Addressable Market:

How many businesses are in this market? Is it large enough to support your bigger goals? Is the market shrinking or growing? Make sure the niche is big enough for you and that it’s not declining.

#2 – Purchasing Power

Is this market (or at least a segment of it) able to afford what you want to charge?

Think back to if you’ve received a lot of pricing objections when you’ve sold to these people in the past.

#3 – Lifetime Value

How long did these clients stay? Were they one-and-done projects or did they stay with me for eternity?

The bigger the life-time value, the more money and time you can spend to acquire a client.

If the niche typically churns in a few months or only works with you for quick, one-off projects…

Then you’ll have to spend so much energy on sales and marketing to keep the business alive.

#4 – Strong Need & Pain

Does this market have an important problem to solve, one that they have to fix? Or, is what you sell just a “nice to have”?

If the latter, it’s going to be very hard to get clients.

If they can’t live without your solution, then getting clients will be a breeze.

#5 – Desire to Solve that Pain

It’s one thing for a market to have a problem, but they must also have a desire to solve that problem.

Even if they have the need that you fulfill, that’s not enough – they also have to care about fulfilling that need.

#6 – Easy to Reach

Is the market fairly easy to find online? Can you reach them via most advertising platforms and social channels? Are their groups and communities online?

If you’re targeting businesses that are hard to reach online, you’re creating one extra barrier to your success.

Step 2: Choose 1 Niche After Ranking Each of Your Past Clients.

Tally up all the rankings and pick the 1 with the highest score.

Don’t worry about making the wrong decision.

Consider this an experiment.

You aren’t married to your new niche, you can always change back in a few months if it doesn’t work out.

Step 3: Create a Pre-Packaged Offer for Your New Niche

The whole point of niching down is to create more focus and simplicity in your business

Part of this is about WHO you sell, part of this is about WHAT you sell them.

Start out by choosing 1 problem to solve for them, and 1 solution to that problem.

List out what the deliverables will be and what you want to charge.

Keep it simple! You can build upon this later.

Step 4: Test the Waters and Go Land 5 New Clients.

Before you make any drastic changes to your business, such as letting go of clients, changing your branding and website…

Test the waters first, and verify if this new niche is the direction you want to go.

Go land another 5 clients or so, and that’ll be enough to identify if these are really our ideal clients or not.

You might think they are at first but you’ll know for sure once you serve more of them.

Wrapping Up…

You know now the problems of being a jack-of-all-trades with no clear focus.

Every new client is a ton of work and requires customization…

And getting new clients is difficult because there’s nothing that stands out about your agency. You’ll look and sound like everyone else.

This means when you do niche down, and sell 1 offer to 1 target market…

Your workload will decrease. Each new client will be easier to serve than the previous one.

You’ll become world-class at helping your clients from all the focused repetition

You’ll quickly develop a reputation and become a big fish in a small pond.

In every way, it’ll become easier to grow, scale, attract, and retain clients.

Plus, you’ll have more fun and the business will be simpler & easier to run.

And with this knowledge…

You’ve learned the 5 simple steps to niching down.

So…

Time to get to work!

Put this into practice and watch it transform your business.

The post Profit More, Work Less: 4 Steps to Niching Down For Your Agency appeared first on DigitalMarketer.

Convincing new clients to sign up for your marketing services can be a challenge in a sea of other competitive offers. 

Because marketing is not a tangible service, persuading potential clients that your business is the one to go with requires a tactical strategy that delivers value. 

To do this, you need a solid marketing proposal. 

Perfecting the art of an effective marketing proposal is the key to winning lucrative clients and boosting your business sales. Once you’ve nailed it, you can rinse and repeat – saving you hours of time creating new proposals from scratch. 

Read on to learn how to write a marketing proposal that will drive new clients to your agency like bees to a honeypot. 

What Is a Marketing Proposal?

A marketing proposal is a document that outlines the proposed marketing strategy, tactics, and deliverables for your specific client or project. 

It acts as a convincing method to encourage potential clients to hire your services. You can achieve this via your marketing proposal by demonstrating your understanding of their business, industry, and target audience, and showcasing your expertise and experience in creating effective marketing campaigns. 

A well-crafted marketing proposal can help you win new clients, establish long-term partnerships, and grow your business – all whilst showing why clients should choose to work with your agency instead of the competition.

What Are the Components of a Marketing Proposal?

To win the conversion phase of marketing, your marketing proposal must act as a clear communication method. Demonstrating both why prospects should choose you to work for them, and exactly what you plan to do in order to grow their business. 

To this end, the key components of a marketing proposal include:

• Executive Summary: A brief overview of the proposal, highlighting the key points of your marketing strategy and why it will benefit your prospective client.

• Situation Analysis: A detailed analysis of your client’s business, industry, target audience, and competition. This demonstrates your understanding of your prospect’s needs and challenges.

• Objectives: Clear, measurable goals that the proposed marketing strategy aims to achieve – such as increased brand awareness, lead generation, or sales growth.

• Strategy: A detailed plan outlining the recommended marketing tactics, channels, and messaging that will be used to achieve the stated objectives.

• Pricing and Payment Options: A breakdown of the costs associated with implementing the proposed marketing strategy, including any fees, media costs, and production costs.

• Timeline: A detailed schedule outlining the proposed timeline for the marketing campaign – including key milestones, deliverables, and deadlines.

• Metrics: The set of metrics that you will use to measure the success of the marketing campaign – such as website traffic, conversion rates, or social media engagement.

• Conclusion: A summary of the proposal, emphasizing the benefits of the proposed marketing strategy and why you are the right choice for the client.  

Some of these components are fairly straightforward and don’t necessarily require a more detailed explanation.

Others we will look at in more granular detail to help you to create the most effective marketing proposal. 

How to Perform a Situation Analysis

As we’ve mentioned, you must demonstrate a thorough understanding of your prospect’s business, industry, target audience, and competition.

To achieve this, you must perform a situation analysis to understand where the business is at right now, and the challenges they’re facing. Start by researching the business – this includes its history, mission, values, and products or services. Identify the client’s unique selling proposition (USP) and competitive advantages.

Next, research the industry and market to understand the current trends, challenges, and opportunities. Identify the target audience, their demographics, psychographics, and their buying behavior.

Identify the prospective client’s main competitors and analyze their marketing strategies, strengths, and weaknesses. Identify the gaps in the market that your prospect can fill.

Research and consider your prospect’s pain points. These are the problems within their current marketing strategy that needs fixing. Your prospect will either know that they have these problems, but don’t know how to fix them, or they may be altogether unaware of any issues. 

An example of a pain point could be inconsistent messaging. When the messaging across different marketing channels is inconsistent, this leads to confusion and a lack of brand recognition. Fixing this problem may involve developing a cohesive messaging platform that is aligned with the brand’s mission, values, and value proposition.

You’ll also need to know exactly what you’re currently working with. This involves reviewing the existing marketing efforts – their website, social media profiles, advertising campaigns, and content marketing. Identify what’s working and what’s not. 

How to Set Clear Objectives

Once you’ve completed your research and ascertained the current position, you can begin to set the clear and measurable goals that you’ll include in your marketing proposal. 

Some examples of marketing proposal clear objectives can include:

1. Increase brand awareness within the 20-35 year old female demographic by 20%.
2. Improve open rates by 10% through email marketing efforts.
3. Generate 20 new leads per month. 

Each of these objectives should be specific, measurable, attainable, relevant, and time-bound (SMART). Including clear objectives in a marketing proposal can help to align the marketing strategy with the business’s goals, provide a clear roadmap for success, and track progress and results over time.

How to Create the Marketing Strategies

We’ve looked at the what. Now we’ll explore the how part of the marketing proposal.

This section of your marketing proposal should include concise information about how you plan to improve your prospect’s marketing strategy. Basically, it’s time to show off your skills. 

Let’s use our aforementioned objectives as examples:

1. Increase brand awareness within the 20-35 year old female demographic by 20%.
2. Improve open rates by 10% through email marketing efforts.
3. Generate 20 new leads per month. 

The marketing strategies you create to achieve these objectives could look like this:

1. To increase brand awareness in this specific demographic, develop a social media strategy that includes regular content updates, engaging visuals, targeted social media ads, and influencer partnerships to increase the brand’s visibility. 

2. To improve open rates by 10% through email marketing efforts, segment the email list to include more targeted subscribers, optimize email subject lines, personalize emails using automation software, and ensure emails are optimized for mobile devices.

Say your prospect wants 20 new monthly leads for their JPG to PDF software service. The strategy would be to  develop  a lead magnet as an incentive to offer potential leads in exchange for their contact information. Then, plan to optimize the business website with clearer CTAs to direct visitors to the lead magnet.

Remember to add in this section of the marketing proposal that you will include regular monitoring to determine the effectiveness of each of the marketing strategies. 

How to Create Pricing and Payment Options

When it comes to pricing and payment options in your marketing proposal, there are a few things to keep in mind. 

Firstly, always be transparent. Prospects appreciate transparency, so be clear and make sure that your pricing structure is easy to understand. Be upfront about what is included in each package or service, and make sure there are no hidden fees or charges. 

Offering multiple options gives your potential clients flexibility and choice. For example, you might offer different levels of service at different price points, or offer a discount for clients who sign a longer-term contract.

You could also consider an online payment system that accepts multiple forms of payment. This can make it simpler for clients to budget for your services and make payments on time. 

Be sure to highlight the value of your services in relation to the pricing. Clearly explain how your services will help your prospective client to achieve their goals, and why your pricing is reasonable in comparison to the results they can expect to see.

Marketing Proposal Tips 

Focus on the Prospect

Ensure you write the marketing proposal with the prospect at the forefront. It needs to be all about their problems and business, and how you can help. More You, and less We.

Include Visuals

Where relevant, include eye-catching infographics to demonstrate your points. If you’ve got success stories from previous clients that include impressive stats, add them in, too. 

Use Templates

To make life easier, explore Proposify alternatives that will help streamline your marketing proposal creation process. Customize templates to come up with the best one to work with for your business’s needs. 

Are You Ready to Master Social Media?

Become a Certified Social Media Specialist and learn the newest strategies (by social platform) to draw organic traffic to your social media sites.

Click here

Be Clear

Include transparent timelines for marketing campaigns and one-off projects. This looks like specific milestones and key deliverables dates. 

Encourage Action

Include a clear and compelling call to action that encourages your prospect to take the next step. This can include scheduling a call or meeting, signing a contract, or requesting more information.

The Art of Persuasion

Writing a marketing proposal that convinces new clients requires a thorough understanding of your audience’s needs, clear communication of your unique value proposition, and a well-structured plan for delivering your solution. 

By following the tips outlined in this blog post, you can create a proposal that effectively differentiates your business from competitors, provides evidence of your effectiveness, and clearly outlines your approach and process. 

With these key elements in place, you can create a persuasive marketing proposal that helps you win new clients and grow your business.

The post Crafting a Winning Marketing Proposal appeared first on DigitalMarketer.

My name is Adrian Boysel, and I have something special to share with the Digital Marketer community. This advice is something that I’ve previously only shared on stage or on camera. But today, I’m going to document one of the most important and personal keynote presentations I’ve ever delivered: how to generate six figures of revenue in six months.

This is something that I’ve been doing since the very beginning of my career—and that’s because I had a plan of action with steps to follow. Here, I’m going to share those steps one by one, and show you how to become an industry leader and create a momentum explosion for your business.

Three Steps, Six Figures, Six Months 

Before I get into the steps, I want to share the story of how I stumbled upon this winning formula for revenue generation. Graphic design was originally my side hustle while I worked in sales. Unfortunately, in 2006, amid just some challenges in my life, I suffered some traumatic losses from my income and dropped my car insurance. After an accident, that decision cost me 30 days of freedom.

That was one of the lowest points of my whole life, so I asked my mentor for advice. He told me, “Look, man, this is not the end of your life. You’re still young. You still have an opportunity to come back from this. This is a blow, but you can come back from this. You’re a smart guy, you’re a talented guy, and you’re passionate. This should not hold you back, and this should not ruin your life. Don’t let it hold you back.” 

So I took that opportunity, those 30 days that I spent in jail, and I actually wrote my entire business plan for a printing company. I had already been doing printing as a little side hustle, like I said, for friends and family and for him for bars and nightclubs, and I really wanted to take it seriously and change my life. I knew that I had to do something differently. Ultimately, I didn’t want to work for anybody but myself. But I needed to figure out a way to do that, and that’s where the three steps were born. 

Get the Digital Marketing Blueprint…

With a Customer Value Journey that strategically builds a relationship with new prospects and converts them into loyal, repeat customers. Click here

Step 1: Plan 

Planning is the first and most crucial aspect of business success, and it’s where most businesses fail before they ever get started. Creating a business plan may seem intimidating, but it doesn’t have to be complicated. Success in sales is nothing more than a numbers game, and a business plan simply defines the game’s rules. You need to know what you’re selling, who needs it, and how many sales you need to make. 

My plan was simple. I was selling a brand experience. That meant logo design, business cards, and promotional materials like flyers. My audience was local small business owners, with a focus on nightclub owners. I wanted to sell at least $200 in printing products and design services to at least three people every day for six months to make six figures in sales. If I could sell $2000 per client, I only needed to make two sales per week. That made room for a lot of nos between those yeses. 

Step 2: Act 

Well, as soon as I got out of jail, I started sticking to that business plan. My first office was a tiny 10×8 space with no windows, a desk, and a futon that I was sleeping on. Kalifornia Printing was born in that cramped hole-in-the-wall, tucked behind a barbershop. I called hundreds of people 

every week to make my minimum sales goals, and those clients referred new customers to me once they saw how passionate I was about helping small businesses to build their brands. 

Create an irresistible offer tailored to your target audience that explains how your product or service solves a problem for them. When you reach out to build a relationship with your

prospects, they will appreciate your taking the time to understand their problems. Those relationships are the core of sales success, as well as building a team you can rely on to stick to your plan, as well. Take massive action on your business plan and don’t let up until you get where you want to be. 

Step 3: Grow 

Finally, you have to pursue growth. You need to grow your skills by learning new techniques and adding more services to your repertoire. That skill growth will, in turn, grow your prices and your income as you offer more value and more complete solutions to your clients. That will lead to more referrals, which will grow your client base and bring in new relationships to start the process again. I went from selling logo designs and business cards to creating brands from scratch. 

Once you grow your income, you can afford to grow your team. These are the people who have your back and to whom you can delegate tasks that aren’t where your passion lies. In the beginning, at Kalifornia Printing, it was just me. Now, at Adrian Agency, I have two amazing business partners and a team of creative professionals to help the agency achieve new heights in sales, relationships, and fulfillment. 

Want to get certified in Content Marketing?

Leverage the tools and channels to predictably and profitably drive awareness, leads, sales, and referrals—EVERYTHING you need to know to become a true master of digital marketing.​ Click Here

Key Takeaways for Six Figures in Six Months 

That’s it; just plan, act, and grow your business to six figures in six months using the steps above. If you keep your business plan simple and easy to follow, it makes it easier to act on your plan. By creating irresistible offers, you make it simple to reach your sales target, no matter how big or small the price tag may be for your product or service.

Finally, relationships are worth more than all the money in the world. They drive your sales, build your company, widen your network, and create opportunities for you and your business to thrive. Keep these philosophies in mind, and you’ll see an explosion in your momentum.

The post Six Figures in Six Months: How to Build Your Business Fast appeared first on DigitalMarketer.

Why specializing in a niche produces high returns.

If you try selling to everyone, you’ll sell to no one.

Dave Walters, Founder & CEO of Steam Powered Marketing talks about why he decided to focus on a niche.

WHAT IS DIGITALMARKETER:

DigitalMarketer is the premier online community for digital marketing professionals. It’s a place where you can learn how to market like a pro, connect with industry experts, and get the strategies and tools you need to grow and scale your business to new heights.

The post Why Specializing in a Niche Produces High Returns – Dave Walters [VIDEO] appeared first on DigitalMarketer.

What’s the benefit of building strategy FIRST?

Jay Vics, Founder & CEO, JVI Mobile Marketing shares how making this shift has impacted his and his client’s businesses.

WHAT IS DIGITALMARKETER:

DigitalMarketer is the premier online community for digital marketing professionals. It’s a place where you can learn how to market like a pro, connect with industry experts, and get the strategies and tools you need to grow and scale your business to new heights.

https://www.digitalmarketer.com/

The post How Strategy Can Build Your Marketing Message – Jay Vics [VIDEO] appeared first on DigitalMarketer.