David Schloss: How To Rapidly Transform Your Agency
David Schloss is an online entrepreneur who began marketing in 2007 from his college apartment.
Over the years, he has helped hundreds of businesses improve their website traffic, customer acquisition, and revenue using social advertising.
His business, Convert ROI, enables businesses to succeed by taking complicated social ad plans and seamlessly turning them into easy-to-follow revenue producing campaigns. He manages over $2.5mil per month in paid advertising via Facebook and Instagram.
He was been rated as one of the top “Experts to Watch” by Forbes Magazine, has been featured on Entrepreneur.com, Business Insider, The Huffington Post, and been interviewed on various podcasts and web shows around the topic of social advertising.
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Today's interview: How To Rapidly Transform Your Agency With David Schloss
[2:17] How do you prevent client churn from hurting your business?
- Take care of yourself before you try to take care of others
- Say no to more things
- Implement the advice from others to rapidly grow your business
- Hire more people
- Don't try to do everything yourself
[6:27] Should people start in a local niche?
- Getting results for local clients is easier
- Pick a niche of people you like and can get results for
- Build an All-Star team
- Don't try to wear every hat in your business
[9:36] What else would you tell people to do to consistently grow their business over time?
- Go to intimate masterminds instead of giant events with thousands of people
- Don't commoditize yourself
- Hang out with people that can help you grow your business
[14:48] Will you talk about money management in an agency?
- Immediately put away 25%-35% for taxes
- Break down all of your expenses in your personal life and business
- Get rid of expensive habits
- Have at least 6 months of savings before making big time investments
[24:31] Rapid fire questions
- What is one non-negotiable habit you implement every day?
- What is one book you wish everyone in the world would read?
- On what do you like to spend your time and money outside of business?
- What is the most memorable experience you have ever had?
- What is the most insightful or actionable event you have ever been to?
[28:05] Where can we learn more about David and hire him for his expertise?
- Facebook Group: Facebook Ads Savages
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Watch the video version of this interview here