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

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.