Become a Part of an EcoSystem of Ready-to-Go Agency Business | Ep #638

What is the key to unlocking strategic partnerships in order to grow your agency? Wondering how to identify promising collaboration opportunities? The most mutually beneficial strategic agency partnerships are with tangential agencies that align in vision and share in collaboration. Today’s guest has great insight and information about what the most successful agencies are doing to find the best partnerships to grow. Learn how to identify and approach high-potential partners hungry for help only you can provide.

Alex Glenn is the founder & CEO of Partner Programs Inc., a parent company that operates Partner Program Collective, Agency Partners Collective, and Partner Hub, a platform built for agencies who want to find and manage their partnerships. Overall, Partner Programs Inc. works as an ecosystem that offers community support and training services for both sides of the partnership equation. Alex will offer his unique perspective on how agency owners are using partnerships to grow their businesses and the things they should avoid to protect their agencies.

In this interview, we’ll discuss:

• Which partnerships offer the most growth for agencies?
• What you should be looking for in a strategic partner.
• A trap you should avoid at all costs.

 

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How You Should Be Using Strategic Agency Partnerships to Grow

According to Alex, the past five years have seen a whirlwind of partnership experimentation as strategies trickle from tech giants down to digital agencies. But what options offer the most growth for agencies today?

1. E-commerce. E-commerce has historically been ahead of the curve in terms of software and in the agency world. Usually, e-commerce brands know they have a short window to either make it or land on their face once they launch. To make the most of their go-to-market, they need strategic partnerships.Typically, they’ll go for agencies that already have a channel of influencers, past products they’ve brought to market, and partners that will help increase the reach of that go-to-market. These are agencies that can almost guarantee success.
2. Niche agency. After e-commerce, the typical agency partnership would be a niche agency that has demand for software, web development, etc. These agencies are so niched down that partner agencies know they won’t have to worry about them cannibalizing their service offering.

Across categories, Alex sees partners thriving by playing to niche strengths versus chasing full-service breadth. As co