Marketing Agency Show cover image

Marketing Agency Show

Choosing Pricing Models for Your Marketing Agency

Aug 16, 2023
Donna Mostrom, an expert in pricing strategies for marketing agencies, shares invaluable insights on transforming pricing models from hourly rates to retainers or project fees. She discusses the impact of the anchor effect in luxury branding and the significance of understanding your Ideal Customer Profile. The conversation highlights the importance of balancing client portfolios and adapting pricing amid economic uncertainty. Mostrom emphasizes the necessity of clear communication to manage client expectations and ensure mutually beneficial relationships.
42:24

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The evolution from hourly billing to tiered pricing models allows agencies to better align with their premium service offerings and target clientele.
  • Demonstrating value through clear service expectations and strong client relationships is essential for agencies to thrive and maintain growth.

Deep dives

Starting a Marketing Agency: An Unconventional Journey

The journey of starting a marketing agency can often come from unexpected circumstances, as illustrated by one agency owner who ventured into business due to a transient lifestyle. Faced with frequent moves due to her husband's job, she recognized the challenges of securing a traditional marketing role. Instead of taking a conventional leap into agency life, she started freelance work, allowing her the flexibility to adapt to her situation while gradually refining her service offerings. Over time, this initial freelance effort evolved into a focused marketing agency, catering primarily to medium and large businesses.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode