You can’t scale your agency because of THIS 1 little thing you haven’t heard of: “BACK-END UPSIDE”. A KPI on the back-end of your offer, that when you hit it, you get paid big bucks. Can be a rev-share, $500 per new sales call booked, etc. This does 2 things: 1 - Gives you the margin to hire a-players (You can’t scale with a $4/hour team from Sri Lanka - you need a-players) Having a KPI-based back-end upside opens up your margin to hire & pay these a-players well. 2 - Cuts the amount of work you do in half (Lean fulfillment = much easier to scale) 1 client at $8,000 a month is WAY more conducive to growth than 2 clients at $4,000 a month. You do the same work and make 2x as much. Make sense? Will you have to qualify prospects harder on the front-end? Yes. Will you have to turn some people away? 100%. But you’ll ACTUALLY finally scale this thing.
Opening up those margins >>> Currently not bringing in any clients to my agency I'm not making $10K+/month with, forecasted. Couldn't be more right Never bringing in low-end retainer clients again.
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Focusing on quality over quantity makes a huge difference in business growth.
Thanks for great sharing!
"Can't scale with a $4/hour team from Sri Lanka." LOL. You can't scale with low-paying clients. Low-paying clients never work in the end. You end up doing one-off jobs and you're a perpetual broke freelancer.
Address the challenges mentioned regarding qualifying prospects and turning some away. You could add, "While qualifying prospects more rigorously may seem daunting, it ultimately leads to a more focused and effective client base, which is crucial for long-term success. Terrence Kruse
Canada
6mofor real! i dont have sdrs but when i do hire soon im doing a commision based model cause how are people gonna be energized and motivated if you arent paying them what they deserve