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Creating Your Agency's Competitive Advantage

Season 59 Episode 595 Published 3 years, 5 months ago
Description

Do you feel stuck on how to unlock your agency's growth potential? Are you struggling to communicate your agency's competitive advantage in order to stand out? Most entrepreneurs hit a point where the old strategies don't work anymore. There's when growth requires a different skill set to take your agency to the next level. Today's guest has centered his career and agency around figuring out the secrets to rapid growth. He shares some of the common mistakes he sees clients making, and how you can prepare your team for quick growth.

Mark Patchett is the founder of Growth Shop, a digital agency specializing in growth marketing. His agency provides brands with a proven methodology that removes the guesswork with the firepower of a team that will help them grow. They've helped build brands like Victoria Beckham Beauty and hundreds more. Today he'll break down his thought process around growth and how to understand your position in the market.

In this episode, we'll discuss:

  • How positioning creates a competitive advantage.
  • 3 mistakes that prevent you from understanding growth.
  • Preparing your team for rapid growth.
  • Using reviews to understand your position in the market.
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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.

Podcast Takeover!!

Get to know your Smart Agency Guest Host: Dr. Jeremy Weisz is the co-founder of Rise25, an agency that helps companies launch and run podcasts profitably. He followed Jason's podcast and eventually joined the mastermind and has been a guest on the podcast before. Today, he's helping Jason bring something new to the Smart Agency podcast audience by interviewing a special guest and getting a new perspective to the show.

How Positioning Creates a Competitive Advantage

Positioning is a tricky beast. Mark's competitive advantage is that his agency team has actually built companies in the past. Most performance agencies do some Facebook ads and maybe ad creative. However, when you have experience building a company you know this is just a fraction of it. Having in-depth knowledge of entrepreneurship means Mark's team can take the conversation beyond just Facebook.

Furthermore, his agency offers a platform where clients can see all relevant data in one unified view. Clients get an executive view with all the key data in order to pinpoint why their business is performing well or not.

3 Mistakes That Prevent You from Understanding Growth

As someone who's looked under the hood of many big companies, Mark has seen some of the biggest mistakes they make when it comes to understanding growth:

  1. Not understanding attribution across different platforms. They may say Facebook isn't working because they're not making as much as they'd
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