EP 454: Improving client-agency trust and other takeaways from the 2024 Agency Edge Research study with Susan Baier
Jun 17, 2024
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Research expert Susan Baier from Audience Audit dives into the 2024 Agency Edge Research study, highlighting the key finding of improving client-agency trust. The discussion covers three client segments and their attitudes towards agencies, the importance of trust in client relationships, and trends in in-house marketing teams. A webinar review provides insights on enhancing business development for agencies.
Clients prefer specialized agencies over generalists, emphasizing the value of niche expertise.
Trust is crucial in client-agency relationships, with specialization boosting agency credibility and favorability.
Underperformance by agencies prompts clients to seek new partners, highlighting the need for consistent delivery and meeting expectations.
Deep dives
Agencies Prefer Specialists over Generalists
Clients overwhelmingly prefer working with agencies that specialize in specific areas, with only 13% wanting to work with all generalists. The study indicates that 87% of clients desire agencies with at least some specialization, showcasing a trend towards specific expertise over general services. Clients value agencies that have a reputation for a niche, as this specialization provides an advantage in being hired.
Trust and Expertise Are Key Factors in Agency Selection
Trust plays a significant role in client-agency relationships, with factors like knowledgeable and experienced account staff, proof of delivering results, and understanding the industry being crucial. Clients prioritize agencies that exhibit expertise, deliver on promises, and provide excellent service. The study also highlights that agencies with a niche garner more trust and are perceived favorably by clients.
Agency Performance Influences Client Decisions
Poor performance by current agencies often triggers clients to seek new partnerships. Factors such as underwhelming ROI, lack of expertise within the in-house team, and disappointment in the agency's delivery impact client decisions to explore new agency options. The study emphasizes the importance of agencies consistently meeting client expectations to retain trust and avoid client dissatisfaction.
Importance of In-House Staff and Number of Agency Partners
The study reveals an increasing prevalence of in-house staff within client organizations, with 76% indicating a full-time team. Notably, 39% of clients work with only one agency, signaling a shift towards collaboration with fewer agency partners. Clients express a preference for agencies that have a depth of expertise and deliver results, ultimately aiming to streamline their agency relationships for better outcomes.
Webinar Opportunity for a Deeper Dive
To further explore the findings and insights from the 2024 Agency Edge study, a webinar is scheduled for July 9th at 2 pm Mountain time. The webinar, hosted by industry experts, will delve into the data, trends, and client preferences revealed by the study. Participants will have the opportunity to engage with the presenters, ask questions, and gain actionable strategies for enhancing agency-client relationships and business development.
Every year, we go out into the field to understand the biggest pain points and priorities for both agencies and clients. This year, we took data from the 2024, 2019, and 2014 Agency Edge Research studies to compare how client expectations have changed over the years.
This year, the burning issue was client-agency trust — what clients look for in an agency, how an agency can retain clients, and what causes a client to look elsewhere for another agency.
To help make sense of all the changes, Susan Baier from Audience Audit joins us to discuss what agencies can do and are already doing to impress clients. We’ll break down the three distinct client segments that emerged, their unique attitudes towards agencies, and what factors drive their decision to hire or fire an agency partner. We also discuss how to position your agency for better alignment with client priorities.
If you’re looking to learn how to better position yourself to win and retain more clients in 2024 and beyond, don’t miss our deep dive into the data to gain a competitive edge in your agency.
A big thank you to our podcast’s presenting sponsor, White Label IQ. They’re an amazing resource for agencies who want to outsource their design, dev, or PPC work at wholesale prices. Check out their special offer (10 free hours!) for podcast listeners here.
What You Will Learn in This Episode:
What clients think agencies do really well
Changes in client-agency expectations over the years
Agency advocates, begrudging buyers, and exacting experts
How attitudes have changed toward having a trusted agency partner
Why agencies are having more in-house staff than before
What agency management fatigue has done to change client-agency relationships
What does agency trust look like to clients?
Do clients want an agency with a niche, or generalists?
What makes an agency a poor fit for a client
How client-agency trust can push a client to look for a new agency
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