Digital marketing agencies know the pain of submitting digital marketing strategy proposals, RFPs and vying for new clients. That process is both time-consuming due to the extensive research and often ineffective, especially when the resulting contracts do not lead to long-term business deals. I consider selling digital marketing strategy to clients as one of the best ways to foster a long-term, equitable relationship.
According to Agency Spotter, more than 120,000 ad agencies exist in the U.S. market today. Digital marketers feel that in the recent past, the industry has become increasingly competitive. If your business model depends solely on one-off projects like web development or social media marketing, your agency won’t be able to compete without a stream of recurring revenue.
The key to for digital agencies is recurring revenue and the ability to provide ongoing services to existing clients. Again and again, agencies that provide digital marketing strategy or SEO services to clients survive and thrive in this competitive environment. Because, as it turns out, becoming a strategic partner for your clients comes with a number of considerable benefits and above all digital marketing ROI.
Why most of the clients won’t consider the importance of the digital strategy you are offering?
I’ve heard many agencies bragging about the fact that clients won’t pay for strategy. But that’s just one side of the issue.
The picture is incomplete! There are several critical mistakes the agencies not paying attention to:
- I believe that when agencies have given the opportunity to put a strategist in front of a client, they only use their strategists to retro-justify an idea that the creative team has already fallen in love with. Sadly, many of those ideas have no strategic rationale, and the strategy end up as just another ‘sales pitch’. No client wants to pay for that.
- The strategists should not focus only on justifying a broader ‘channel mix’ for the client’s marketing, or the existing competencies of the agency, or justifies activities that help the agency win new clients and awards. Putting the agency consideration first would always decrease the value of the strategy outputs for the client.
- Agencies get caught in the trap of being production houses and “yes men” to their clients. And in turn, clients treat them like a production house. Agencies should always avoid getting stuck in that position by adding value to the business. Agencies should work on changing the perception of being project-based to strategy-based. Digital marketing strategy requires looking beyond your client’s entire marketing scope and investigate in business core, sales process, CRM management, automation, and tools in order to find ways to leverage the strategy into a solid revenue case.
How to sell the digital marketing strategy to your client?
- Clients will only be willing to pay for strategy when the agencies show they’re willing to make strategic recommendations that don’t advance their own agenda first. Avoid the strategy that only serves your resources capacity and sales targets. The client would be only considering his business objectives, not your package.
- Investiagte into their business objectives, structure, and process. Not all clients understand the real value of digital marketing and how it can increase the efficiency of sales and customer support. Highlight the impact of the digital marketing strategy on real-time analytics that can benefit the decision makers.
- Business leaders are always interested in scalable tactics while expanding in local and global markets. Focus on building a strategy that is reliable for different markets and easily implemented in multilingual and multichannel environment.
- Speak the language of numbers. Without numbers on future revenue forecasting, business ROI and advertising ROAS, your strategy will not have cost-effective benefits for business owners. The digital strategy is an investment decision for businessmen and they take the decision based on that.
- Going from “Why” to “How” is what makes the strategy solid. Convincing your clients about the success potential of digital marketing is only the first step while providing an actionable plan with progressive KPIs is the whole point.
- Dig deeper into the client’s business, understand the challenges, speak their terms and learn their methodology. The digital strategy should be spotting the right approach and providing real solutions to their problems.
- Be realistic and avoid the generic details such as the importance of content marketing or the infographics about the rise of mobile marketing, we all know this stuff. Your strategy should focus on the situation and not a graphic book with fancy charts. You will have approximate 30-40 minutes to convince the business managers, so hit the point directly.
If you have a question or need to contribute with your thoughts, I will be glad to listen and discuss.