9 Ways to Add Revenue to Your Marketing Agency Before 2021 Boost your growth in the last quarter of the year with these practical tips on sales, retention and more.

By JC Hite

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

courtneyk | Getty Images

Like many other industries, marketing has had a difficult time this year, with an almost 5 percent decline in ad spend (versus last year's 6.3 percent growth). But as businesses realize the value in advertising even now, there are still ways for your marketing agency to grow in the last quarter of the year.

Here are nine practical things you can do to increase your revenue and hit your end-of-the-year goals.

1. Protect the clients you have by communicating

Reach out to every single client and tell them you want to end the year as strong as you can. Set up a weekly sync-up with them and tell them you want to be there for them. Communication helps you understand how clients are feeling. This helps you either upsell or cross-sell when things are going well, or fix a problem if things aren't.

If you can do a video call, do it. Our brains are wired to respond to faces more than anything else, so having a face-to-face call will have more of an impact.

Related: What Restaurant Franchising Will Look Like in 2021

2. Be a solutions person

Find out if things are working and see if you can pivot. If one product isn't working, switch to another one. Add a CRM. Add SEO. Instead of digging deeper into your niche product, expand into other things that can offer solutions, and retain your clients.

3. Ask for referrals

Ask your family, friends, and clients to refer two other businesses to you. Business owners know other business owners, and even if they don't want your services, they can point you to others who might.

Related: Want More Customers? Get Quality Referrals From Existing Customers

4. Reach out to friends and family

Many people don't like offering their products to family and friends, but if you do it with sincerity and humility, you can do it right. Be upfront with them and be ready to actually bring them something useful — a package or plan that you truly believe will help their business.

Offer to just audit what they're doing with their marketing. Auditing allows you to show them what you know and what they're missing out on. Frame it as "practicing" or giving them a plan of action, no strings attached.

5. Go to Lowe's or Home Depot

Go to your local hardware stores like Lowe's or Home Depot early in the morning and sit in your car in the parking lot. Write down the name of every business whose truck you see visit the store: HVACs, plumbers, roofers, etc.

When you get back to your office, create workflows in your CRM to reach out to these businesses. Contact these businesses and invite them to lunch or dinner. Get 200 business owners in your pipeline, and build relationships with them.

These clients are your neighbors and friends, and they have a long-term life cycle, so if you can get them, they're valuable for your agency.

6. Cross-sell

Cross-selling can be a great way to build on your retention efforts and increase revenue without prospecting new clients. If your clients are happy, cross-selling them to another service should be easy; it just has to make sense.

Call up your clients and ask them about their growth goals. Come up with a marketing plan that can help them reach those goals, and pitch it to them.

Related: Grace Under Fire: How to Prepare Your Sales Pipeline for 2021

7. Use your calendar and put in the work

It makes no sense that anyone would work 40 hours a week for someone else, but not want to do the same work for their own business. It takes work to get your agency to a stable place, and it takes work to increase your revenue consistently as well.

Fill up every minute of your workday with your tasks, calls, learning, networking and more. This also means having time for your family and yourself and filling up that time intentionally as well. Set aside time for each task, whether it's cold calling or spending time with your kids, and use it.

8. Exercise and meditate

Exercise and meditation has myriad benefits for your mind and your productivity, aside from the physical benefits. Exercise can help our brain's plasticity, making it easier to learn and improve our memory. Exercise also helps us decrease our stress hormones.

Meditation, meanwhile, will help you refocus your mind on your goals and on these steps. You can focus on repeating and refining your commitments and reflecting on the purpose of your business and growth.

Whatever activity you prefer, make it a routine, and start or end your day with it to get those benefits and aid your journey to professional growth this quarter.

Related: Grace Under Fire: How to Prepare Your Sales Pipeline for 2021

9. Find a mentor

Surround yourself with other people who've done what you're trying to do. Many business owners employ coaches who've never had an agency, never owned a business and never done marketing. Coaches can help, but having a mentor can be even more valuable to give you advice and guidance on specific issues.

Mentors can look like someone in your niche or industry who's been doing marketing longer or even a mastermind community.

JC Hite

CEO / Founder of Hite Digital

JC Hite is the CEO and founder of Hite Digital, a white label digital marketing agency. With a passion for business and people, he’s successfully scaled his agency in just two years and counting. Now his companies help other agencies to do the same.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Related Topics

Science & Technology

These Are the Top 6 AI Threats to Your Business Right Now

The modern workforce is forever changed by artificial intelligence. If you fail to understand that we will all need to learn AI to some degree, you haven't been paying attention.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Business News

Here Are 3 Strategies Startup Founders Can Use to Approach High-Impact Disputes

The $7 billion "buy now, pay later" startup Klarna recently faced a public board spat. Here are three strategies to approach conflict within a business.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Vice Will No Longer Publish Content on Its Website, Lays Off Hundreds of Staffers

Vice Media CEO Bruce Dixon announced the news in an internal memo to employees on Thursday.

Business News

'This Can't Be True': Google Responds to Viral Hoax Claiming the Company Is Shutting Down Gmail

The fake news release started making its way around X on Thursday.