Episode #938
Is it Worth it to Start a Digital Agency? 
February 24, 2019

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:

Discover Latest Episodes

Episode
Will diversity, equity, and inclusion make you rich?, You are the media now, and How TikTok comments pushed Converse to bring back discontinued sneakers
July 23, 2024

In episode #2784, we reference a study by McKinsey in 2015 that claimed a link between profits and executive diversity. We also discuss founders creating their own media channels and the influence of ...

Episode
Data reveals how long it takes to reach product-market fit, The rise of in-house influencers, and Apple expands 30% fee on Facebook and Instagram ads globally
July 22, 2024

In episode #2783, we discuss the importance of launching a product quickly to iterate and reach product market fit, the rise of in-house influencers and how companies can leverage their employees' soc...

Episode
Strategies to Land $5M+ Clients in Luxury Home Building
July 20, 2024

In this bonus episode, we give you a sneak peek into what our Agency Owners Association (AOA) hangouts look like. A luxury home builder seeks advice on how to generate leads without relying on archite...