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Definition of key accountmanagement. If you're not sure what key accountmanagement is, don't worry, you're not alone. In other words, spend more of your time and resources on the clients with the best growth potential. Before we get to that, let me explain how key accountmanagement became a business strategy.
15 Reasons Why You Might be a Bad AccountManager Bad key accountmanagers fail to build business relationships and achieve results. Here are fifteen signs you might be a bad key accountmanager and how to turn yourself into a good one. Account plans are help you define your key account strategy.
They don't need anything As a key accountmanager, if you've done your job right, there's no reason for them to keep in touch. When everything runs smoothly, your client can concentrate on things that aren't working. Usually our clients are more important to us than we are to them Especially if you're not a major supplier.
Agency owners often tell me their accountmanagers aren’t leading client meetings confidently. If not, it could be hurting your agency … How to get your accountmanagers to ask better questions (and how it can increase client lifetime value) How to get accountmanagers adding value to your agency from Day 1 (and reduce churn)
In this episode we talk about making clientrelationships more profitable. We covered so many different areas including: What clients really value and how to talk the client language. Why you need to establish and nurture senior clientrelationships. And so it’s about seeing your client as an equal.
I get to speak to a lot of accountmanagers who work in creative agencies. And I get a lot of questions about how they can progress their career, how they can be better at the accountmanagement role, and some of the key things that are most important when it comes to being more efficient and more effective in the role.
This is the top 10 tips to be successful in agency accountmanagement. This was with Kate Whittaker , Kate has 30 years as a marketing client. And she said, good accountmanagement makes everything run smoothly. How do clients make money, for example? Welcome to Episode 27.
An account director client of mine has been struggling with a clientrelationship. Unexpectedly, her long-standing, ‘satisfied’ client rejected her cost estimate for a new scope of work. The client explained she’d received a cheaper quote (almost 50% less) from an alternative agency.
We often hear about how ‘relationships’ make or break the long-term partnership with a client, and it’s true that the connection that you keep with the client can play a vital part in determining whether you will keep getting repeat orders or not from your client. Low understanding of the overall company business.
IN THIS EPISODE How well have your clientrelationships faired against the almighty test that was 2020? With research suggesting that 68% of customers citing ‘perceived indifference’ as their top reason for leaving a supplier - have you lost customers by not remaining close enough to them?
Ask any buyer what cements the relationship between them and their best suppliers, somewhere down the line this concept of connection will rise up. No buyer I know will say that they continue buying from a company without some form of bond or relationship with them. Keep action at the top of your list of priorities.
My goal as always, for you is to come away with helpful tips, ideas, golden Nugget nuggets of wisdom, and reminders for how to keep and grow existing clientrelationships. On episode 16, and this is tip number five, I had the pleasure of speaking to the accountmanagement team at Skeleton Productions.
We discuss a myriad of topics, including: the process for hiring the right accountmanager at your agency examples of how to set client expectations and boundaries why having a written scope of work is key to successful project delivery and Rob’s thoughts in general on the agency landscape and the future of agencies.
And if you’re in an agency accountmanagement role and you’re keen to be seen by your clients as more of an advisor than a reactive order taker, then check out the details of my accountmanagement training courses. And really our role is to be really valued client partners.
Don’t forget to go back to Episode 9 , where Jessica and Iris talked about how to approach and develop relationships with procurement. And if you want to expand your current clientrelationships and you’re working in agency client service, my Account Accelerator programme is designed specifically for you.
There’s a lot of talk at law firms about clientrelationships. But for many clients these can still seem hollow words based on one-way relationships. Robert Millard and John O’Connor explore how firms that are trying to embrace true client centricity are setting themselves apart. But what keeps clients loyal?
In the fast-paced and ever-evolving world of business, nurturing strong and lasting relationships with key clients is crucial for success. Key AccountManagement (KAM) is the art of strategically managing and nurturing these vital accounts, unlocking their full potential and driving long-term growth.
For this reason, you require a key accountmanagement process. . CEOs (Chief Executive Officer) and chief sales officers place a high priority on key account programs. By addressing three crucial problems—misguided key account selection, overworked key accountmanagers , and resource waste—CSOs can buck this trend. .
For this reason, you require a key accountmanagement process. . CEOs (Chief Executive Officer) and chief sales officers place a high priority on key account programs. By addressing three crucial problems—misguided key account selection, overworked key accountmanagers , and resource waste—CSOs can buck this trend. .
We also ran an AI for AccountManagers webinar recently together with Roy Murphy and the recording has been asked for several times. So can you talk to us a bit about how basically guidelines for agencies and accountmanagers in particular that might be using those tools? 35:32 Sharon Toerek Exactly.
What is Strategic AccountManagement? Building value-driven strategic connections with your important clients can aid in long-term development and retention, maximizing the income potential. This approach is called strategic accountmanagement for enterprises (also known as key accountmanagement).
Growing your existing accounts is one of the most overlooked sources of new revenue. If your accountmanagers are proactively looking for ways to help your clients reach their goals, you will grow your revenue too. So that is a very humble position. Thank you for sharing that. I don’t I think give it some time!
One agency accountmanager told me, I talk about this in my programme, and we talk about using client stories and talking about what other clients are benefiting from and what you’re seeing, the trends, the patterns. I absolutely agree and I love that you’re making this point. But do you know what?
And that’s quite a good segue into, because I know, the people listening to this are either agency owners, or they’re accountmanagers. So for example, any one of those eight profiles, could be an accountmanager. They’re so trusted by individuals, when it comes to suppliers or customers.
And what our research consistently shows, is those that had the best service, the best clientrelationships are undoubtedly the ones that have performed better. It’s interesting that some of our clients say to us, what’s happening out there? Like, are we asking our clients for their expectations? Jenny 10:23.
Given the current unstable economic climate, client retention for agencies is a real top priority right now. He’s brilliant, just go and ask for his advice and I went and had a coffee with him, and he just said, there’s an accountmanagement position open, do you want it? And I just thought I’d jump for it.
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