DELIVERING DIAMOND RESULTS [INBOUND 2014]
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Square 2 Marketing retains 90% of their clients through a rigorous inbound marketing methodology. They have a dedicated inbound marketing manager who oversees monthly goals for traffic, conversions and leads. If leads are qualified through their sales process of discovery calls, diagnostic meetings, and design meetings, it often results in a new client. Square 2 only hires the best people and evaluates them regularly to ensure top performance through their unique company culture. Their success is measured through client results in leads and renewed engagements through a scientific testing approach to inbound tactics.
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DELIVERING DIAMOND RESULTS [INBOUND 2014]
- 1. #INBOUND14 Delivering Diamond Results The Process Behind How Square 2 Marketing Retains 90%+ of Their Clients Mike Lieberman Chief Inbound Scientist, Square 2 Marketing
- 2. MIKE LIEBERMAN @Mike2Marketing Fun fact: Recovering advertiser, once spent $85,000 on a single page ad in a magazine
- 3. 1 Background – who we are and how we got here 2 The Method – how we do it 3 The People – only the best 4 The Results – what we do for clients 5 Lessons Learned – what you should consider 6 Community Building – what we can do together
- 4. 1 BACKGROUND – Who We Are #INBOUND14 and How We Got Here
- 5. #INBOUND14 Who We Are - The Highlights • Clients all over the country and two clients outside the U,S. • 45 team members, both in office and remote • 1 freelancer (specialize content writer for picky client) • On pace to do $5 million in revenue this year • 10% net profit • 42 active clients • $11,000 average MRR • 0 projects • 75 HubSpot clients; $620,000 in annual licensing revenue
- 6. #INBOUND14 2 THE METHOD - How We Do It
- 7. We Eat Our Own Dog Food When It Comes To Marketing #INBOUND14
- 8. #INBOUND14 Our Own Inbound Marketing Methodology • Dedicated Inbound Marketing Manager • Monthly goals for website traffic, conversions and leads • Defined sales process • Weekly KPI Review • Onsite SEO • Off Site SEO • Social Media on all major networks • Guest Blogging on multiple sites • Blogging five times a week • Quarterly Webinars • Monthly Content Publication • Annual Site Relaunches • Monthly adjustments to the site • Lead Nurturing • Social Media PPC (when we need extra push) • Conversion Assist Optimization • Speaking – multiple times per month • Educational email • Best of the blog email • Video Marketing Minute (twice a month) • New Tactic Launching!
- 9. #INBOUND14 These dogs are wanted in seven states for tax evasion & fraud. Our Sales Process Is Regimented and Disciplined
- 10. #INBOUND14 Our Own Inbound Sales Process • All inbound leads are followed up personally the same day they come in • All inbound leads get a 30 minute Discovery Call • If Qualified, they get a 90 minute Diagnostic Meeting • If Qualified, they get a 90 minute Design Meeting • Followed by a 30 minute follow up call • Prospects who want to hire us, get a two page Marketing Services Agreement with a more detailed Statement of Work • Process delivers four new clients per month (on average)
- 11. #INBOUND14 Our Teams Are Structured Around Our Clients
- 12. The HIVE Our teams are called Hives with the CLIENT at the center of the Hive #INBOUND14
- 13. #INBOUND14 Our Hives Interactive Consultant Strategist Editor Consultant Clients Consultant Copy Architect Support PM - MCR Copy Architect Copy Architect
- 14. #INBOUND14 Our Hives with Shared Resources Creative Director Content Director Interactive Graphic Design Consultant Strategist Editor Consultant Clients Consultant Copy Architect Support PM - MCR Copy Architect Copy Architect
- 15. #INBOUND14 Key Metrics • Hives target is $135,000 in monthly reoccurring revenue • Roughly 12 clients • Work between 45 and 50 hours per week • Target is to be 70% billable • Target is 80 Net Promoter Score • 90% retention rate of retainable clients
- 16. #INBOUND14 The Engagement Methodology Is Rigid By Design
- 17. #INBOUND14 Regular Planning • Initial strategy - first 45 Days • Any required adjustments and content planning - every three months • Reconnect with clients overall business strategy - annually • Program optimization around results - monthly
- 18. #INBOUND14 Phased Approach • Planning • Foundation • Implementation • Optimization • Planning Again
- 19. #INBOUND14 Always Be Teaching • What, How, Why • Daily Education • Weekly Reminders • Monthly Reporting
- 20. #INBOUND14 Work On The Renewal Throughout The Engagement
- 21. #INBOUND14 During The Engagement • Rolling 12 Months Goal Tracking and Projections • Keep Track of Tactics Discussed But Not Implemented • Continuously Recommend New Tactics • Maintain Parking Lot of Suggestions • Help Them Plan Year 2, Including Your Involvement
- 22. #INBOUND14 Toward The End Of The Engagement • Start With Three Months Remaining • Show Them Year Two • Provide Full Set of Recommendations (whether you’re doing it or not) • Co-Create Final Program • Make Them “a little” Uncomfortable
- 23. #INBOUND14 3 THE PEOPLE – Only The Best
- 24. #INBOUND14 Core Values – Impact Daily Decision Making
- 25. #INBOUND14 Core Values • Every Client Is A Raving Fan • No Fluff • Remarkable or Nothing • Always Be Teaching • Practice What You Preach • Team Equals Family
- 26. Cultural Imperatives – Guides Our Behaviors and Actions #INBOUND14
- 27. #INBOUND14 Cultural Imperatives • Positive • Light Hearted • Agile • Confident • Empathetic • Solutions Oriented
- 28. We Recruit For Every Role Every Day #INBOUND14
- 29. #INBOUND14 Getting Hired • Resume Screen • Social Media and Content Review • Culture Phone Screen • Interview with Team • Interview with ME (for mid level roles and up) • Presentation to the Team (for most roles)
- 30. #INBOUND14 Regular Reviews Quarterly Scorecards on Attitude and Aptitude with Quantitative Results
- 31. RESULTS IMPACT COMPENSATION DIRECTLY Feed the EAGLES and Starve the TURKEYS – top performers get quarter raises based on quantitative performance #INBOUND14
- 32. 4 THE RESULTS – What We Do For #INBOUND14 Clients
- 33. #INBOUND14 Get Them Results
- 34. IT COME DOWN TO ONE THING If you get them leads, they’re happy! #INBOUND14
- 35. #INBOUND14 They’re nervous, anxious, maybe even worried about getting fired.
- 36. #INBOUND14 They’re nervous, anxious, maybe even worried about getting fired. You have to make them feel safe and comfortable
- 37. #INBOUND14 Here’s How We Do That • Weekly Email Updates • Monthly Progress Reports • Bi-weekly Conference Calls • Daily email and phone conversations with clients • Regular Net Promoter and Check In Calls with me • Highlight the successes
- 38. If You Don’t Get Them Leads, None Of That Matters #INBOUND14
- 39. • We wont take an engagement without strategy work • We set performance expectations and goals before we start • We track and reset these monthly • We know what inbound marketing tactics deliver what results • We won’t take an engagement if the client isn’t willing to pay for the tactics they need • The team is trained on inbound marketing optimization • They track and review program performance daily and optimize it weekly #INBOUND14 Here’s How We Do That
- 40. We’ve Always Take A Very Scientific Approach To Inbound #INBOUND14
- 41. #INBOUND14 Here’s How We Do That • Test new stuff on us first • If it works, trial it with clients…be transparent • If it works for them too, make it part of SOP • We don’t like to learn how to do inbound at our client’s expense • Try everything that makes sense • Fail fast and try lots of different experiments • Testing isn’t just about marketing tactics • Get the team involved
- 42. 5 TOP 10 LESSONS LEARNED – What You Should Consider Doing #INBOUND14
- 43. #INBOUND14 Lesson 1 – Don’t Go Forward Without Strategy
- 44. #INBOUND14 Lesson 2 – Proceed With Caution On Freelancers
- 45. #INBOUND14 Lesson 3 – Be Proactive With Clients…No Matter What
- 46. Lesson 4 – Don’t Proceed Without Some Type Of Marketing Automation #INBOUND14
- 47. #INBOUND14 Lesson 5 – Document Everything
- 48. #INBOUND14 Lesson 6 – Hire The Best People…And Then Nurture Them
- 49. Lesson 7 – Track Everything Daily, Weekly and Monthly #INBOUND14
- 50. #INBOUND14 Lesson 8 – Don’t Underestimate The Importance Of Your Culture
- 51. #INBOUND14 Lesson 9 – Innovate Constantly
- 52. #INBOUND14 INBOUND SALES • Strategy and Plan • Process Redesign • Tools • Training • Ongoing Coaching
- 53. NEW eMAGAZINE • Cut through the clutter • Improve email marketing #INBOUND14 results • Support the community • Educate • Test new ad revenue model
- 54. #INBOUND14 Lesson 10 – Get Help Sooner Than Later
- 55. 6 COMMUNITY BUILDING – What #INBOUND14 We Can Do Together
- 56. #INBOUND14 You’re NOT Alone
- 57. #INBOUND14 You’re NOT Alone mike@square2marketing.com 215-491-0100 215-880-6290 @Mike2Marketing
- 58. #INBOUND14 2Inbound – The Magazine • About YOU! • Submit Articles • Submit Success Stories • Submit Ideas • Sell Ads – Revenue Share • Advisory Board • Surveys and Polls • We’ll Share All The Results and Key Learnings With You • Editorial Calendar – October is Website, November is • Submit articles and inquires to lmoreno@2inbound.com
- 59. #INBOUND14 Come And Spend The Week
- 60. #INBOUND14 ONE Lucky Attendee Is Coming…ON US " Fill out this form " Selected at random " Spend the week with us ON US " Come to meetings, meet the team, visit with clients " Ask Us ANYTHING! LANDING PAGE STILL NEEDS TO BE ENTERED IN HERE
- 61. #INBOUND14 We’re Buying Agencies " If you love selling but service is challenging " If you love servicing but selling is challenging " If you’re concerned about trying to “figure it out” on your own " If you’re all in on Inbound and share our vision " If you want to be part of a bigger team We should talk!
- 62. #INBOUND14 We’re ALL IN on INBOUND…..join the fun!!!!!