Smart Agency Masterclass With Jason Swenk: Podcast For Digital Marketing Agencies

Employee Profit Sharing, Referral Commission & Hourly to Retainer Is employee profit sharing a good idea? In this episode of Ask Swenk, I answer your questions about if and how to compensate clients for referral business, how you can convert a longtime hourly client to monthly retainer and profit sharing for your team of employees. {1:58} Geoff asked: "What are your thoughts on profit sharing for key employees?" {4:50} Ryan asked: "I know you've talked about sales people and compensation before but, what about referrals? Flat fee or percentage? One time or for the life of the project/client?" {7:28} Kirk asked: "I have a great client we do work for at an hourly rate -- this is the only client we have like this. We want to transition that client to a long term contract for a flat rate. Any suggestion on the best way to have that conversation about making the transition?" Improving Your Agency To bring your agency to the next level, finding ways to improve is always important. Through my years of experience