When times get lean it’s a great opportunity to calculate ROI on all time and money spent. Maybe some dollars are shifted from new customer acquisition efforts to customer retention. Also starting asking why you do certain activities, just to make sure you’re super clear on the goals. Do you work on SEO because you want to brag about page rank or is it really about creating more sales? Probably the sales, but if you can’t attribute real revenue to an activity you should start to question whether or not you’d need to continue the activity at its current level.
This is actually a very fair post, but the unarticulated lesson is this: Agency expertise is incredibly hard to scale. If the individual who sold you on their expertise will not be handling your account or driving the strategy for it on a frequent basis, run away.
When an individual has broad & deep capabilities in a practice area, they are in demand. In order to scale they must hire around them and that usually means that individual gets into a trap: they now have a payroll support and entirely different problems than not having enough time for all the clients that they sold their attention to. Some figure out how to get past that, but most don’t so you as the client are left with a precipitous drop in quality.
When hiring an agency, it’s important to get a verbal commitment on the % of work attributed to each agency team member during the pitch (this isn’t very hard) and then have those exact statements written into the contract with levers to reduce fees or exit altogether if those thresholds are not met by the agency. No one ever does this second part, but with the current bloodbath agencies are experiencing I imagine most will be happy to commit to that kind of expertise guarantee to win new business.
The point of hiring an agency is to access expertise and scale that is too difficult to build & manage in-house. If the agency isn’t regularly providing that kind of value, like OP has described, it’s time to bounce. Don’t throw good money after bad, even though changing or leaving agencies can also be painfully disruptive.