The Prism Model: Agency Evolution

Points of Interest

• 02:02 – 02:20 – The Prism Model: Chris introduces his "Prism Model," a framework for evaluating if a problem is worth solving. The model focuses on identifying problems that are painful, recurring, impactful, solvable, and marketable, helping agencies vet business ideas and align their offerings with market needs.
• 05:21 – 05:40 – Service Saturation: Chris discusses the dangers of service saturation, where agencies compete on price and deliverables instead of outcomes, often leading to commoditization and reduced profitability.
• 09:32 – 09:50 – Niching Down with a Purpose: Marcel and Chris explore the common mistake agencies make when niching based on services or verticals, emphasizing the importance of centering on a specific problem and solution for positioning success.
• 14:35 – 14:55 – Point of View Rants: Chris highlights a simple but effective exercise to identify an agency’s unique point of view—by encouraging founders to rant about industry problems and extract their core beliefs and perspectives.
• 22:03 – 22:20 – Four Times MVP: Marcel shares his "Four Times MVP" framework, emphasizing the need to address a problem, develop a point of view, refine a process, and then build a product, to create scalable, impactful agency solutions.
• 29:38 – 29:55 – Efficiency vs. Innovation Spectrum: Chris explains the "Efficiency-Innovation Continuum," where agencies balance streamlined processes and innovative experimentation, deciding where to focus resources based on their goals and growth stage.
• 35:44 – 36:02 – Internal Specialization: Marcel highlights the importance of internal specialization for agencies, emphasizing the benefits of focusing on core strengths while partnering with other experts to deliver comprehensive solutions.
• 41:59 – 42:20 – Monetizing Churn: Marcel shares an example of an agency that monetized client churn by maintaining revenue streams through partnerships, turning what is typically seen as a loss into an ongoing profit center.
• 43:01 – 43:11 – Closing Insights: Chris emphasizes the importance of building partnerships and leveraging them to strengthen agency offerings while staying focused on core strengths, creating a sustainable model for growth and profitability.

Show Notes

• Connect with Chris via LinkedIn
• Dynamic Agency OS

Love the Podcast

Leave us a review here.