How to Outsource Your Inbound Marketing Services to Other Agencies

Post on 28-Nov-2014

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description

My presentation at Inbound Conference 2012 on how to leverage outsourcing to increase leverage, minimize risk and grow your marketing age

transcript

The Agency Network Effect

how and why to outsource your client work to other

agencies.

#inbound12#inbound12

SpencerPOWELL

Fantasy Football Name: Royal Flush

@spowell24

#inbound12

Agenda

1. Why Outsource?2. What Are Your Goals?3. Agency Lifecycle4. Selecting a Partner Agency5. Executing a Partnership

#inbound12#inbound12

1WHY OUTSOURCE?leverage outsourcing and grow

#inbound12

stack revenue.

#inbound12

Year 1 Year 2 Year 3 Year 4

Jan $500 $6,500 $12,500 $18,500

Feb $1,000 $7,000 $13,000 $19,000

Mar $1,500 $7,500 $13,500 $19,500

Apr $2,000 $8,000 $14,000 $20,000

May $2,500 $8,500 $14,500 $20,500

Jun $3,000 $9,000 $15,000 $21,000

… … … … …

Dec $6,000 $12,000 $18,000 $24,000

Annualized

$72,000 $144,000 $216,000 $288,000

Sell 1 Retainer per Month

#inbound12#inbound12

LEVERAGE“It is much easier to put existing resources to better use, than to develop resources where they do not exist.” ― George Soros.

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minimize risk.

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Ladder Effect (without outsourcing)

Profit Zones

New Hires

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Ladder Effect (with outsourcing)

Profit Zone

New Hires

#inbound12#inbound12

2GOALSyou gotta know where you’re going

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Goals

• Scale a 1 person business• Grow a small team• Grow a large team

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scale as one.

#inbound12#inbound12

grow a small team.

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grow a large team.

#inbound12#inbound12

3THE AGENCY LIFECYCLEwhere is your agency today?

#inbound12#inbound12

Infant Toddler Child Teen Adult Senior

1 2-3 4-6 7-10 11-15 16+ Team Size

? ? ? ? ? ? Revenue

? ? ? ? ? ? Amount to Outsource

THE AGENCY LIFECYCLE

#inbound12#inbound12

Infant Stage• 1 Person• $150K in revenue• Outsourcing 75-100%

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Toddler Stage

• 2-3 people• $300K - $450K in revenue• Outsourcing 30-75%

#inbound12#inbound12

Child Stage

• 4-6 People• $600K - $900K in revenue• Outsourcing 20-30%

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Teen Stage

• 7-10 people• $1M - $1.5M in revenue• Outsourcing 10-20%

#inbound12#inbound12

Adult Stage

• 11-15 People• $1.7M - $2.2M in revenue• Outsourcing 5-10%

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Senior Stage

• 16+ people• $2.4M + in revenue• Outsourcing 0-5%

#inbound12#inbound12

Infant Toddler Child Teen Adult Senior

1 2-3 4-6 7-10 11-15 16+ Team Size

$150K $300K - $450K

$600K - $900K

$1M - $1.5M

$1.7M - $2.2M

$2.4M+ Revenue (avg. $150K/head)

75-100% 30-75% 20-30% 10-20% 5-10% 0-5% Amount to Outsource (workload)

THE AGENCY LIFECYCLE

#inbound12#inbound12

Selecting a Partner Agency

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Partner Agency Checklist

info.tmrdirect.com/checklist

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How to Execute a Partnership

ConclusionWhy Outsource?1. Stack Revenue2. Gain Leverage3. Minimize Risk4. Achieve Your Goals