I've been working in online marketing for nearly 10 years now. My 
experience has ranged from being both in-house and agency side as well 
as running my own freelance company. Today I run an agency (with other 
people too) with offices in two countries.
One thing this varied experience has done for me has given me insight
 into clients who have budgets from $400 per month all the way up to in 
excess of $40,000 per month. You learn a lot about client relations from
 both budget spectrums, however, I have found that the smaller the 
budget, the higher the proportion of maintenance that the client 
requires (from my experience).
Here are some potential issues you may encounter with small budget 
clients and solutions for managing expectations from the outset.
For this post, let's assume that "the client" is a new lead that has 
come in and has a budget of $500 per month. Let's also assume that the 
client is a "one man band" (up to 5 people), is less than 2 years old, 
and has no other marketing budget set aside.
1. Expectations of Hours Spent
When I was a freelancer much earlier on in my career I said yes to 
pretty much any job that fell in my lap. While this was great at the 
beginning, over time I found that I was working too much in proportion 
to what my client was paying. As it was early in my career, I was 
perfectly willing to work extra hours to ensure client retention. But 
eventually there came a point where it was too much.
Solution
Create an hourly rate and stick to it, even before any contract is 
signed. Here, the client has $500 to spend each month and you have to 
consider any outgoings you may have attached to that budget. An example 
would be to charge $75 per hour, giving you 6 hours of work per month 
plus $50 to spend.
This expectation may not please your client as that $500 is important
 to him/her. Six hours may not sound like a lot, but this has to be fair
 on you too. For $500 the client can't expect a "virtual member of 
staff" who is on call to answer everything at any point – especially if 
your hours are fulfilled. The client has to remember that you will have 
many clients just like him/her, and that they too will have their own 
expectations.
2. Managing Those Limited Hours Wisely
The term "SEO" is now only part and parcel of a general online 
marketing strategy that requires work on various aspects, including 
on-site, content, outreach, CRO, analytical research, social media 
integration, and reporting. For that $500, you will have to manage this 
each month to ensure that they have the best quality work done with 
consideration of that budget, noting that month-on-month you will have 
to concentrate on different things.
Solution
Each month you will have to set out how much time you want to spend 
on each task. You can make it slightly easier using a project management
 document to ensure everything is organized for all clients. Luckily I 
have created a free project management template for Google Drive which can help you with this.
One thing to note: the client should always be informed of your plans
 ahead of time as their priorities may not match your own. Concentrate 
more perhaps on converting visitors rather than sacrificing the majority
 of your time with outreach.
3. Sacrificing or Simplifying 'Non-Essential' Tasks
Managing those hours may still be tight for you. If you're faced with
 a task that could potentially take 2 hours to complete, you should 
seriously consider if there is a way to compress it into a one hour task
 without loss of quality to the client.
Solution
Create an extremely simple report containing limited data that will, 
in effect, reduce the time it takes you to produce it. One tip here 
would be to include less commentary or create a streamlined Google 
Analytics Dashboard for your client to view that can give them 
up-to-date information without you having to produce another section 
about analytics in your report.
Something else to consider is logging the work you do. Trello and Toggl
 will help you out with this, but having to report on every minute 
detail of your work is inefficient and has no real value to anyone when 
the general budget is small – there's no need to log every email you 
send just for the sake of the client if you're organized enough.
Agree on KPIs
You need to understand the client's business from the outset. The 
client is investing a lot in you despite having no guarantees of any ROI
 – SEO is something that can't be measured or forecasted with precision 
(especially with low budgets), and SEO takes quite a few months to see 
real results.
However, you still need to decide on what these key performance 
indicators (KPIs) are and you need to ensure that the client understands
 that short tail is pretty much impossible unless their short tail 
keyword targets is a general long tail.
Solution
Let's say that the client is an accountant. You need to ensure that 
you know what their average client makes for them as one client may make
 them $2,000 per annum (assuming that the client keeps them 
year-on-year).
I would also advise to have an agreement of no less than 6 months so 
that the client understands that no work you do will show any real 
effect for at least 3 months and that you will need months 4, 5 and 6 to
 analyze results and prove you have fulfilled your agreed KPIs.
Try to Increase Budgets over Time
Let's say that 6 months have now passed and you've fulfilled the KPIs
 you agreed at the beginning of the contract. The client may insist that
 no ROI has been generated, however, you must refer back to your agreed 
KPIs – if you fulfilled them, then you did your job correctly. Of 
course, KPIs will be connected to ROI, but sometimes the work you do is 
only so much.
Using the accountant as a client example again, one KPI would be that
 you need to increase conversions where a conversion would be defined as
 an email form completion or telephone call. Once that email is sent or 
call is placed you have no control as to whether that conversion will 
turn from a lead into a client for many reasons – the client may not be 
able to service that lead as intended, there may be a seasonal slump, or
 the salesman answering the calls and emails may not be good him/herself
 at converting leads.
Solution
Translate to the client, and be clear, that fulfilling KPIs and ROI 
aren't always the same thing and ROI is something you can't solely 
control and therefore can't be held to it to decide on any renewal.
You may also want to suggest (if your first 6 months can prove it) 
that their budget needs to be increased to show more significant 
results. The client may always say that they intend to increase their budget, but until they actually do it, they simply won't receive what they expect to receive.
No comments:
Post a Comment