#1 - You can get leads/booked calls from ads really cheap, and fill your calendar at a fraction of the cost your competitors do
This is only important if you care about being profitable.
In a saturated market, our costs began to steadily rise...
But the moment we changed our messaging to reflect our brand new Pay-Per Show offer...qualified prospects were chomping at the BIT to speak with us...
We know this because our ad costs dropped by almost 50%.
If that doesn't pique your interest then maybe you rely more heavily on cold email, LinkedIn, or referrals to get clients...
Since that's the case, you'll LOVE the next reason to move your agency to a Pay-Per Show model...
#2 - Organic outreach becomes much more effective, lowering your overall cost per acquisition
For about 6 or so months I went through a "cold email is dead" phase...
Truthfully it sort of was for my agency...
Being in business for over 3 years, we probably hit our entire niche 5 or 6 times.
But after our ad costs decreased, we thought it'd be a good idea to take this offer to organic outreach..
In doing so, our response rates nearly TRIPLED overnight...
What's amazing is that this barely costs my agency any money, so after factoring the revenue from cold email in our overall cost to GET a client is lowered even further...!
And it's all thanks to the next reason to transition to a performance-based model agency...
#3 - You have the satisfaction (and financial benefits) of having THE BEST offer on the market
It's sort of like having the biggest car or the nicest house on the block...
People notice...specifically your market.
Word spreads fast when you're adding as much value as you will with a Pay-Per Show agency.
What else does that mean?
MORE REFERRALS...
(even though you'll probably be having to turn some of them away...)
But no matter which source your new client comes from...
With this model...
#4 - Your income-per-client becomes UNCAPPED as you’re now a true partner who shares in the profits
That means, when your clients makes BANK...you get your rightful share of the profits.
No more "hoping for a testimonial" after doing exceptional work...
Specifically, this means that as your client scales up, they'll require more facetime/phone with prospects...so they can make more sales...
You'll begin to get text messages like this...
"Hey Joel, things are going GREAT but we'd really like to amp things up next month. What can we do?"
Say no more.
All we have to do is crank up the ad spend...then over the next 30 days — the client gets more "shows" ergo we bill them more "money"
See how that works? :-)
#5 - It will make you more appealing to “Whale Clients” who might just account for 80% of your revenue (if you set it up correctly)
When you get everything dialed in I highly recommend you go after some bigger fish...
Who are these "bigger fish" and how could they make up 80% of your revenue with the PPS model?
I'm talking about six-figure deals with franchises and corporations where you can be their GO-TO agency...
And those will definitely come in handy...
#6 - If the economy collapses, you’ll be much more likely to succeed (even through all the chaos and uncertainty)
I'm not one to speculate on the future of the economy but these are some weird times...right?
When COVID hit, I learned that my business's foundation was fundamentally flawed...
Being that everyone was restricting, I knew I had to make it easier for others to do business with me...
That's what the "Pay-Per Show" model was born out of...
It removes all the risk so that even in times of chaos or uncertainty, our prospects can still say yes (without it feeling like a total gamble.)
#7 - If you don’t the market will “sophisticate” faster than you’re able to innovate, and brand new agencies who seized this opportunity will end up with all clients.
This is just a fancy way of saying that if you fail to innovate...others will.
Those that innovate
After hearing these 7 reasons...you’d be silly to ignore this
Now you can start to see why the market is shifting…
And why the performance model is likely the BEST client acquisition model in the industry for 2021…