The 3 Benefits of Productizing Your Services w/ Sam Shepler
The 3 Benefits of Productizing Your Services w/ Sam Shepler  
Podcast: Agency Life
Published On: Thu Oct 05 2023
Description: Should you productize your services?Does a productized service business completely differ from the standard agency model?Can both models co-exist within the same business?These are all questions we answer in today's conversation with Sam Shepler, CEO of Testimonial Hero.  He transitioned from leading a full-service video production agency to founding a productized service business in 2018.  In this episode, Sam shares the 3 specific benefits of productizing your services--and the potential pitfalls to look out for.Sam's team has some good successes to learn from, hitting Number 342 on the Inc. 500 list in 2022 and having successfully scaled beyond $3MM in annual revenue.As he shares the lessons from their journey, we touch on:The "trinity" of benefits in productizing your servicesHow to avoid competition from AI and low-cost service providers (even with a highly repeatable service offering)Specific financial do's and don'ts to keep in mind if you're heading down this path.Resources mentioned in today's conversation:Get your copy of The State of Agency Operations Report (2023)Connect with Sam on LinkedIn: https://www.linkedin.com/in/samshepler/Follow Sam on X: https://twitter.com/SamShepler Sam's tweet thread we discussed: 7 things I’ve learned running a $3MM Productized AgencyThe webinar about agency profitability metrics (gross margin, net margin, etc): Growing Your Agency Too Fast or Too Slow w/ Drew McLellanHave a question about today's topic? Text it to us here!Want to get more content to support your agency life? Subscribe to the Agency Life newsletter, check out past episodes & find more content at teamwork.com/agencylife. This podcast is brought to you by Teamwork.com.