The Agency Accelerator REWIND: Pricing, Margins And Profits with Marcel Petitpas
This is a REWIND episode, updating one of the most popular podcasts. So in this episode of the podcast, I am excited to be joined by Marcel Petitpas and we are discussing everything to do with your agency’s profits, pricing and margins. Another action-packed episode so grab a pen and paper and be sure to take notes!
Time Stamp
[1:17] Let’s start by welcoming Marcel Petitpas, our guest for today’s episode. He is the founder of Parakeeto, which aims to help agencies become more profitable. Parakeeto is a software platform that helps users to create data-driven estimates.
[1:51] The importance of focusing on agency pricing and profitability.
[4:18] At what stage of an agency’s growth should they start implementing time-tracking systems?
[6:55] The importance of understanding your business processes.
[8:05] Pitfalls and tips to early prospect discussions
[13:55] How to maximise the profitability of a project
[16:18] How to calculate Adjusted Gross Income (AGI)
[18:47] What are key metrics for agencies to look at? Differentiate between Gross Margin and Average Available Rate.
[25:04] How to make team members more commercial
[28:27] How to implement the Agency Profitability Flywheel in your agency
[33:05] A business paradox: Slow down to speed up
[33:43] What are the best strategies to raise your prices
[35:25] The ideal approach for value-based pricing.
[36:00] Word of advice: “Say YES to things that scare you!”
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Useful links mentioned in this episode: