What it’s about
Barry O’Kane of Endzone Software believes in helping clients handle their issues. He also believes that planning how you help them ahead of time is pertinent to the success and happiness of your team and your client.
Retainers can bring stability to a business, get them out of the firefighting mode of needing to win projects, and provide assets within a company or contract.
For Barry, selling your clients retainers is all about proving your value consistently. If you’re selling retainers, you should not just be providing value but demonstrating it regularly, and moving toward a structured support process that will make you and your client look good.
In this interview, Barry talks about how to assess and improve how you currently support your clients, how to structure retainers, and ways to demonstrate value consistently so you keep clients coming back for more.
Don’t just provide value, demonstrate it
Barry says you need to be demonstrating your value on an ongoing basis if you want to optimize your retainer. This could mean offering a monitoring service, marketing campaigns, or anything you feel your agency could provide that will remind your client why you are important to them and the work they’re doing.
“Provide a CEO-ready report or a report that your client can then use to make them look good to their management. If your client can bring a report forward to their CFO that shows your value, it instills how you are fundamentally important to their role”.
Communicating your value on a day-to-day or week-to-week basis allows you to stay fresh in the mind of your client.
Split your work into three areas: Maintenance, reactive, and proactive
Barry believes that by splitting up your work into three main types, maintenance, reactive, and proactive, you will have more control over the service you provide and the happiness of your clients for longer periods of time.
“Reactive is your knee-jerk reaction. Your client needs help, and you feel the need to respond right away. The way you reduce and manage that is by setting up some maintenance that’s scheduled or automated.”
Barry says that the power in doing these steps is to move yourself into a proactive space where you have the freedom to upsell, bring in new income for the company, and demonstrate the value you are providing your clients.
Being reactive can hurt your projects
In being reactive rather than proactive with your clients’ issues, you run the risk of frustrating your own team by pulling them away from other projects and deadlines.
Instead of reacting, Barry says looking at why issues are happening, and how to prevent them from happening again. Consistent monitoring will allow you to identify issues before the client recognizes them and calls you in a panic.
Barry suggests doing some root-cause analysis to understand why and when the client is coming to you for help. “By asking questions you are setting yourself up for a maintenance process, reducing your reactive process, and creating a systematic approach.”
There are three main steps to doing this:
Identify where you’re being reactive.
Work out how to reduce that and gain control so your team doesn’t feel like it’s constantly in panic mode.
Build toward a structured proactive support process.
"Move conversations from, ‘I’m selling you something,’ to ‘I’m trying to solve your business problem’."
About the show
The Proposify Biz Chat is hosted by Kyle Racki, co-founder and CEO of Proposify proposal software. Each week, Kyle chats with friends and special guests about tips and strategies to help entrepreneurs, startups, and agencies grow profitable businesses.
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