Is it Worth it to Start a Digital Agency? | Ep. #938

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Marketing, Careers, Business

4.6 • 1.4K Ratings

🗓️ 24 February 2019

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode #938, we discuss whether it’s worth it to start a digital agency. Tune in to hear if an agency could help your cash flow. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress here! TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: Is it Worth it to Start a Digital Agency? [00:38] Neil started out with Advantage Consulting Services. [00:53] A lot of people start agencies and then parlay it into a software company. [01:15] It’s a good way to get cash flow for other projects. [01:54] Eric feels with every new client you ad, the service gets worse. [02:25] Neil started an agency because he gets so many leads, that he had no choice. [03:00] However, an agency doesn’t scale that well. [03:25] Consider keeping your agency lean to insure your cash flow. [04:40] Expansion is hurting Neil’s profits, but it’s still working for him. [05:00] It’s hard to scale an agency past $5 Million. [05:35] It’s not easy to grow an agency in the first place. [05:47] They don’t generate revenue the same way. [06:12] Go to this Single Grain page to watch a video about growing an agency. [06:54] That’s it for today! [06:57] We hit our goal of 1 Million downloads! So, we will be throwing a free event in Los Angeles. Check out this website if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested! Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Get ready for your daily dose of marketing strategies and tactics from
0:06.8	entrepreneurs with the guile and experience to help you find success in any
0:11.4	marketing capacity. You're listening to marketing school
0:14.5	with your instructors Neil Patel and Eric Sue.
0:19.4	All right guys before we start we got a special message from our sponsor.
0:27.0	If you want to rank higher on Google, you got to look at your page speed time.
0:31.5	The faster your website loads, the better off you are. With
0:34.4	Google's core vital update, that makes it super, super important to optimize your
0:38.5	site for low time. And one easy way to do it is use the host that Eric and I use dream
0:44.5	host so just go to dream host or Google it find it check it out and it's a great way
0:49.7	to improve your load time.
0:55.0	Welcome to another episode of Marketing School. I'm Eric Sue, and I'm Neil Patel.
0:57.0	And today we are going to talk about
0:59.0	if it's worth starting a digital agency.
1:01.0	So I think this is a fun topic because Neil actually started with
1:04.3	a C.S which is Advantage consulting services. Yeah, a long time ago. Doesn't exist anymore.
1:10.0	Yeah. You want to go? Do you want to let you go first?
1:13.3	I think, okay, so here's my take on the agency and Neil and I have,
1:17.5	might be different points of view, but I think I've had a lot of people on the
1:21.0	growth everywhere podcast and a lot of them started
1:24.6	software companies and they parlayed their agency into the software company, right?
1:28.5	And I think that's smart.
	...

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