Unlocking Agency Growth: Corey's Blueprint for Escaping Founder-Led Sales
Digital Coffee: Marketing BrewNovember 20, 2024
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21:0424.1 MB

Unlocking Agency Growth: Corey's Blueprint for Escaping Founder-Led Sales

The future of AI in marketing is set to transform outreach strategies, making it increasingly essential for agencies to build relationships before making contact. Host Brett Deister welcomes Corey Quinn, a former CMO of Scorpion and an agency coach, who shares insights on how agencies can escape the founder-led sales trap and focus on scaling revenue. Corey emphasizes the importance of specializing in vertical markets to sharpen positioning and implement effective go-to-market strategies. The discussion also highlights the role of AI in content creation, competitive analysis, and streamlining standard operating procedures. Additionally, they explore the necessity of customer intimacy and the establishment of client advisory boards to maintain trust and avoid potential pitfalls in client relationships.

Takeaways:

  • AI's impact on marketing will escalate in the next few years, requiring strategic adaptation.
  • Success in B2B marketing involves establishing relationships before initiating outreach to potential clients.
  • Agencies should focus on vertical markets to differentiate themselves and enhance sales effectiveness.
  • A peanut butter strategy in marketing spreads resources too thin; specialization is essential.
  • Customer intimacy is crucial in maintaining trust and avoiding missteps with clients.
  • Using AI for competitive analysis can help agencies identify unique positioning in the market.

Links referenced in this episode:


Companies mentioned in this episode:

  • Scorpion
  • Adobe
  • Broadcast.com
  • Pete's Coffee and Tea
  • Art of Tea

Corey

And Brett, you think it's bad now, wait till AI is in two, three years where it's just like that stuff.

Corey

It's going to be crazy.

Corey

And the generic outreach is going to be.

Corey

Think it works now?

Corey

A little bit.

Corey

It's going to.

Corey

It's going to get much worse.

Corey

And so therefore, being able to build some kind of relationship with the folks that you're going to reach out to before you ever actually reach out to them is, I think, a superior way of going forward, building a brand and building a pipeline for your agency.

Brett

That's good.

Brett

And welcome to a new episode of Digital Coffee Marketing Brew.

Brett

I'm your host, Brett Deisser, and if you could please subscribe to this podcast and leave a review.

Brett

It really does help with the rankings and let me know how I'm doing.

Brett

But this week we're gonna be talking about B2B marketing.

Brett

Yes, I always say this and it's always true.

Brett

It's the not as fun part of marketing as this, B2C marketing.

Brett

Because we all think of it as boring.

Brett

Because we all think B2B is boring.

Brett

But it's still very exciting in its own way.

Brett

And I have Corey with me and he is a former CMO of Scorpion and now dedicated agency coach.

Brett

Corey specializes in helping agency founders scale revenue.

Brett

At Scorpion, he played a pivotal role in growing the agency revenue eight times in five years to remarkable $150 million.

Brett

Corey is also an author of Anyone Not Everyone, a comprehensive guide for agency founders looking to simplify growth and escape founder led sales.

Brett

So welcome to the show, Corey.

Corey

Brad, I don't know about you, but that sounds pretty exciting to me.

Corey

I love all things B2B marketing.

Corey

Come on.

Corey

What more could you get excited about?

Corey

We're talking about escaping founder led sales.

Corey

Come on.

Brett

Hey, I get excited about coffee brews and people will call it boring.

Brett

So everything.

Brett

You might find things exciting and people might find what you find exciting boring.

Brett

So it's always that dichotomy.

Brett

Yes, but the first question, that's all my guest is, are you a coffee or tea drinker?

Corey

I am a coffee and tea drinker.

Corey

I have my coffee here.

Corey

Even though it is as we're shooting this one 35, I'm still finishing up my.

Corey

My pot of coffee here.

Corey

You nice.

Brett

I'm both too.

Brett

Mostly coffee, but I'll drink both.

Brett

I'm a little bit more particular about my.

Brett

I'm actually particular about both.

Brett

If I really want a good cup of coffee, I will do a pour over, but I will not.

Brett

And if I Just need coffee and I'm out and about.

Brett

I'll suffer with Starbucks, but I rather not.

Brett

If I can find something else, I will find something else.

Brett

For tea.

Brett

I was a barista and a while ago and we had Art of Tea and it was actually like the best tea I've ever had.

Brett

So that's only the really one I really like.

Brett

I'll have tea but that's the one I really.

Brett

They're a bit expensive.

Brett

Yeah.

Brett

But they're really good.

Brett

And basically their descriptions on their actual like tea on what it is, pretty close to what it is.

Brett

They have a Earl Grey creme which is actually pretty good.

Brett

It's pretty like it's got this like creaminess to it even though it doesn't have any cream in it type of a thing.

Brett

So I don't know how they do it, but it's actually pretty good.

Corey

Yeah.

Corey

Nice.

Corey

Is that your favorite tea?

Corey

I'm a big tea drinker.

Corey

I.

Corey

It's funny, back in college I dated a barista who worked at Pete's Coffee and Tea, which pizza I don't know about these days but a really good cup of coffee back in the day.

Corey

But she got me into all these amazing teas, Chinese teas, Japanese teas.

Corey

In any event, I got a taste for jasmine green.

Corey

That's my go to.

Corey

Like I can sip on that all day.

Corey

How about you?

Brett

Yeah, it doesn't really matter too much to me as long as good.

Brett

I had the art of tea.

Brett

Had actually Jasmine pearls.

Corey

Yes.

Brett

Those little ball things.

Brett

Yeah, they were hand rolled apparently too.

Brett

That's why it was so expensive.

Brett

But it was really good.

Brett

You could taste the jasmine.

Corey

That's my jam.

Corey

I love the pearls.

Brett

Yeah.

Brett

And so anyways, I gave a brief explanation about your expertise.

Brett

Can you give your listeners a little bit more about what you do?

Corey

Yeah, sure.

Corey

So quick, quick history on me.

Corey

I've worked for most of my career.

Corey

I've either been an entrepreneur or worked on a team at an entrepreneur's business helping them to grow their small business.

Corey

My experience is heavily in the sort of the sales and marketing aspect of entrepreneurship.

Corey

For instance, out of college I launched a business with my best friend and I.

Corey

We raised $6 million to start a streaming media business.

Corey

He was the CTO guy and I was the sales and marketing guy and it was an interesting time to do that.

Corey

That was about when mark Cuban sold Broadcast.com to Yahoo for a billion dollars.

Corey

That's how he made his money.

Corey

Was about the same time that I start this other streaming media business.

Corey

Unfortunately, we didn't have the same exit that he did.

Corey

It was still a good experience.

Corey

I spent 17 years in the agency space helping digital agencies grow.

Corey

I recently left my last role as Scorpion.

Corey

You mentioned in the intro where I was a chief marketing officer, we grew from 20 million to 150 million in six years.

Corey

And really now what I'm doing is I'm spending a lot of time working with agency founders who are stuck in the founder led motion.

Corey

They're in the, they're trying to scale up an agency, but despite their best efforts, they can never truly escape sales.

Corey

The big problem.

Corey

We figured it out at Scorpion, as I mentioned, we scaled it up.

Corey

And the answer, the short answer to fixing that is three things you need to first focus in on a vertical market.

Corey

So choose dentists or attorneys or some other vertical market.

Corey

Then position your agency so that you are a specialist in that vertical market.

Corey

And then, and only then should you start to do go to market strategies like inbound, outbound conferences, those type of things.

Corey

That's basically the work I do is I help them to transition from a generalist to a vertical market specialist.

Brett

How do they, as you said, founder exit?

Brett

Like how do they exit from just being a sales guy to actually being a founder?

Brett

Because it seems to be a hard transition because as a founder you're always told to always keep selling, to keep hustling, blah, blah, blah.

Brett

But it doesn't seem to make sense if you're always hustling or if you're always selling.

Corey

I think it's a, it's a great point and I think there's nothing wrong with a CEO hustling and selling.

Corey

Some CEOs are technical founders, that is, they're like SEOs who turned into an agency owner or sometimes they're more of the marketing and sales type who are great at networking or very extroverted and so on and so forth.

Corey

The challenge becomes at a certain point in a agency founder's life cycle of their business where they have demands on their time that require them to not be as heavily involved in sales.

Corey

And so somehow they have to find a way to get the same or better results from sales organization at their agency without them intimately being involved.

Corey

And what I've found in doing this for a couple years now is that there's three things that keep them, that keep them in the sales motion.

Corey

Number one is not having a focus.

Corey

And what I mean by that is that they are a jack of all trades.

Corey

They'll do a little bit of anything, they'll serve A large variety of different clients.

Corey

And as a result of that, the actual sales conversation needs to be bespoke.

Corey

It needs to.

Corey

They need to be able to maneuver the conversation, be able to provide a very custom solution.

Corey

And to have a sort of a salesperson do that confidently and effectively without over committing the agency or making false promises becomes very difficult.

Corey

And so that's, number one is the lack of focus.

Corey

And the number two is having water repositioning.

Corey

And what I mean by water repositioning is that most people who hire agencies are not technical buyers.

Corey

They don't have a real good way to understand what makes your agency different than the other 10 agencies that are basically saying the same thing.

Corey

And what ends up happening is that you end up competing on price and you lose deals to lesser agencies who are more slick and selling potentially snake oil.

Corey

So the watery positioning always gets the founder right back in.

Corey

The founder has to rely on their network to get those kind of deals going.

Corey

And then the third thing, first one was lack of focus.

Corey

Number two is lack of or having watery positioning.

Corey

And the third one is just not having a clear or consistent way to generate more deals, more opportunity, more pipeline when the founder is not actively working their network and selling.

Corey

I call it the peanut butter strategy.

Corey

A lot of agencies take their very small, typically marketing budget and just spread it all across a bunch of different channels and have a very generic message.

Corey

And as a result it's just not that effective.

Corey

So that's those three things.

Corey

When you have all those three things happening in an agency, which happens unfortunately quite a bit, the founders always sucked right back into that sales role because if they're not selling the company or the agency is not getting new business.

Brett

So how do they get stuck out?

Brett

Or not stuck, but how do they get out of that role?

Brett

How do they get unstuck from that role?

Brett

Because it's easy.

Brett

It's stuck in it.

Brett

Because if you're doing a day in, day out, habits form.

Brett

And then when habits form, you forget how to not do it.

Corey

Yeah, absolutely.

Corey

And so I think most agency founders really don't want to.

Corey

I would say, let me caveat this by.

Corey

In a certain stage in an agency's life cycle, they genuinely want to get out of the founder led motion as it relates to sales.

Corey

They don't.

Corey

They want to be able to contribute to sales and be a part of that, but not be dependent on sales.

Corey

And so what agency founders will typically do is they will hire third party cold callers or third party email providers, or they'll do LinkedIn lead gen.

Corey

Again, using these third party services, they may even hire an SDR or a couple SDRs or even a sales leader.

Corey

And it's only once those things fail that they realize that they need to focus, they need to niche down.

Corey

And the specific kind of niching that I work with is finding a vertical market which is an industry, like I said, like dentists or manufacturers or attorneys or any of these type of industries that they can become, they can choose to become a vertical market specialist in.

Corey

The formula that I talk about is having what I call deep specialization, having focus, which means saying yes to one vertical and saying no to others so you can actually have some repeatability in your business.

Corey

Number two is having the strategy, which is a massive action plan designed to give you a durable competitive advantage.

Corey

Warren, excuse me, Warren Buffett talks about this idea of having a moat around your business, right?

Corey

Having some kind of protective layer that's durable.

Corey

And then when you become a vertical market specialist, you're able to build more of that moat.

Corey

And then the third one is having empathy.

Corey

This isn't typically talked about in positioning or in choosing a target audience.

Corey

Typically you look at a spreadsheet and you say, what's the biggest audience with the biggest spend?

Corey

Let's go into that market.

Corey

And the challenge is that there's no industry that hasn't been or isn't currently today, as we speak, being pursued by a lot of very aggressive agencies.

Corey

And it's only those agencies that have committed themselves to not only be an agency, but also join that industry, that target vertical as a member of that industry.

Corey

And they've really, they have empathy for the buyer, they have empathy for the industry that they're truly able to, that they're truly able to differentiate and stand out as a trusted and reliable source.

Corey

So they need to focus.

Corey

Short answer number two, they need to have razor sharp positioning.

Corey

This is where they're able to have to position their agency such that they are seen as a member of the community, that they are specialists, that they're experts in solving a specific problem for the people in that industry.

Corey

And then they need to have again a massive action plan to be able to generate leads and pipeline without the founder, which I've found there are 26 different tactics you can take at a vertical level to generate new pipeline.

Corey

But most agencies are just, like I said, they're just doing the peanut butter strategy.

Corey

They're trying to do a little bit of everything.

Brett

Shotgun approaches, everybody else calls it as well too.

Brett

We just.

Brett

Shotgun blast.

Corey

Yeah, yeah, shotgun or I call it net fishing, which is a term from.

Corey

I forget his name.

Corey

From inevitable to impossible.

Corey

He's the author of that book.

Corey

And what I talk a lot about is more about spear phishing.

Corey

Identifying who is a vertical market you want to target that you have empathy for, you care about.

Corey

But even then, within that market, who are the 20% of businesses that can provide the most value for your agency and drive the most revenue?

Corey

There's a concept called your dream 100, which is getting really clear on the 100 best prospective clients for your agency and spending in proportionate number of amount of time, money and resource into generating those a hundred businesses or opportunities as your clients versus the rest of the market.

Brett

So it's not giving me like this like long 1200 word or 12,000 word message about how awesome you are and how you can help me edit my podcast videos.

Brett

Even though I already know how to edit my podcast videos, I know how to do it.

Brett

I spend time and I'm like, you don't even know what I need.

Brett

So you're just like, you're just giving it to everybody.

Brett

And it stopped doing that because not everybody needs your stuff.

Corey

And Brett, you think it's bad now, wait till AI is in two, three years where it's just like that stuff.

Corey

It's going to be crazy.

Corey

And the generic outreach is going to.

Corey

If you think it works now a little bit, it's going to.

Corey

It's going to get much worse.

Corey

And so therefore, being able to build some kind of relationship with the folks that you're going to reach out to before you ever actually reach out to them is, I think, a superior way of going forward, building a brand and building a pipeline for your agency?

Brett

Yeah.

Brett

So it's almost like that.

Brett

Talking about AI, should you use it for information gathering of maybe some prospective clients, maybe on LinkedIn, but not really using it as like the push to pitch, maybe to help you correct, create or draft the first pitch and you look it over and be like, I'm going to change this, I'm going to change that and that type of thing.

Corey

Yeah, I think AI is really good for, yeah, getting from a content development perspective, like a generative AI perspective, creating content kind of about 70 to 80% of the way there, depending on the quality of the prompt that you give it.

Corey

But I also think about things like competitive intelligence going in and asking ChatGPT to analyze, let's say your top five competitors try to understand like what is their primary focus from a positioning and a messaging perspective.

Corey

I think that's a really smart way to use that tool, those tools, because it can take a whole bunch of data and summarize a lot of that data in a way that requires a lot more effort from a human perspective.

Corey

So with just a couple of prompts, I can be able to get a real sharp image of exactly what are what my competitors are saying and how they're positioning themselves so that I could find some white space in the market to talk about how we're different than the rest of the companies that are competing for the business.

Brett

And almost what I do is I use AI to cut up the video content and then share it on that because that's easier to do and that's not really pushing.

Brett

And you're using AI in a better way than just send me or push out 10,000 pitch notes or pitch messages to all these people and you hope to get one it exactly.

Corey

I'm a podcaster too, and being able to have it suggest show notes and timestamps and even titles of podcasts, half the time it's not spot on, but it is a really great start.

Corey

Like I said, 70%, 78% of the way there, sometimes worse than that.

Corey

But it allows me to really focus on fine tuning versus coming up with just the source material in the first place.

Corey

So it's very powerful.

Brett

And talking about that and talking and just talking in general about kind of the economy where we're at, where inflation has really just hit businesses, hit everybody really hard.

Brett

And let's say you're an SaaS business.

Brett

How do you like pitch that?

Brett

Where a company say, we need your service and we'll pay this much money because everybody's looking at their bottom line, be like, do I need this reoccurring service charge?

Brett

How do you use the empathy or use your connections to keep them going?

Brett

Being like, look at, this is what we're doing, this is how we help you out.

Brett

Is there ways of doing that?

Brett

Because I'm pretty sure every business is looking at their bottom line going, what can I cut?

Corey

Yeah, I would say a really powerful way to leverage AI in that regard from an operations perspective is for it to create something that are called SOPs, standard operating procedures.

Corey

You could feed it video, you could feed it a bunch of text and have it spit out a standard operating procedure.

Corey

And the idea behind a standard operating procedure, it's real simple.

Corey

You follow, you give a procedure which is on a document, you give it to a new person.

Corey

If they follow the specific steps in order on the piece of paper or on the digital piece of paper, they're going to get the same outcome every time.

Corey

And so as a result of that, you don't need to rely on more expensive folks who have a lot of experience and a lot of judgment.

Corey

You take the judgment out of it, you create a process and you're able to reduce your overall overhead, potentially leverage things like resources overseas where the costs for those services are less.

Corey

You're going to maintain the high level of quality because you are using a standardized process versus leaving it up to people's judgment.

Corey

So that's a really powerful way to leverage it as well.

Brett

And even from a business side, how do you not piss off your customers?

Brett

Because Adobe seems to be doing that pretty well right now with their AI and their privacy policies.

Brett

They basically said in their new one that anybody or basically all your private or anything that you put up in their cloud is free to use for them.

Brett

And everybody's like, wait, what?

Brett

So how do you not do the Adobe as a small agency?

Brett

Or how do you not do that where you just completely miss who your customers are and piss them off so much they're like, I'm gonna find somebody new?

Corey

Yeah, I think it has to come with customer intimacy.

Corey

And when you talk about agency services, it's a service business and the agencies that have empathy and intimacy with their clients will probably be more intentional about rolling out some of those products that may be questionable or may damage the trust that they have.

Corey

And so if you are a business, I don't care if you're an agency or whatnot, if you're very self focused on what you need and less focused about what the client needs, then you run the risk of communicating that your clients are not the most important thing.

Corey

It was my belief that customer intimacy is a superpower and it is something that definitely differentiates businesses.

Corey

It's.

Corey

For me it's a must have.

Brett

Should you like use some super users and be like, hey, we want to, we're going to do this update.

Brett

What do you guys think about this before you completely roll it out?

Brett

Because I feel like a lot of times things can be avoided without you doing it to the entire public.

Corey

A strategy is.

Corey

This is the last question.

Corey

Unfortunately, I'm going to have to jump after this.

Corey

But a strategy to do that is something's called a client advisory board.

Corey

It's more sophisticated.

Corey

Larger companies do this.

Corey

But what you have is a small group of clients and then you let them guide your product roadmap.

Corey

You say, hey, we have these ideas.

Corey

Clients, what do you think about them?

Corey

Are they good or bad or hey, we want to roll this out, but what do you think?

Corey

So you get that feedback from that sort of the intimate group of clients who care about you and your success before it ever goes to market.

Brett

All right, and final question is where can people find you online?

Corey

Go to my book, anyone, not everyone.com, and there you'll be able to download a free version of the audiobook so you can start listening today.

Brett

All right.

Brett

Thank you, Corey, for joining Digital Coffee Marketing Brewing, sharing your knowledge on B2B marketing.

Corey

Absolutely.

Corey

Thanks for the opportunity, Brett.

Corey

We'll talk soon.

Brett

Yes, and thank you as always.

Brett

Please subscribe to this podcast on your favorite podcast, leave a five star review.

Brett

It really does help with the rankings.

Brett

Let us know know how we're doing and join me next week as I talk to another great thought leader in the PR and marketing industry.

Brett

All right, guys, stay safe, get to understanding your business and escape the monotony of just selling all the time and see you next week later.