Are you considering starting your own digital marketing agency? If so, you may be wondering how much you can make as an owner. The truth is, the potential to earn a six-figure income is there, but it requires dedication and hard work. With the right strategies and tools, you can create a successful digital marketing agency that brings in a steady stream of revenue. When it comes to starting a digital marketing agency, there are several options to choose from.
You may want to focus on a specific niche, such as Business to Business (B2B) or Business to Customer (B2C), or you may want to start a general marketing company. Alternatively, you could create a digital marketing company focused primarily on a specific social network such as Facebook. No matter which type of digital marketing agency you decide to create, it's important to understand the financials of the business. According to IBIS World, there are 5,585 digital advertising agencies in the United States, so there is a lot of competition.
However, there is also potential for high income if you can differentiate your agency from the competition. The average marketing agency makes a net profit margin between 6 and 10 percent, and digital agencies report even higher margins of around 20 percent. This means that if your agency brings in $100,000 in revenue, you can expect to make between $6,000 and $20,000 in net profit. Of course, it's not enough just to have loyal customers who pay high prices; you also need to be able to finance your own investment in marketing campaigns.
This is where Kevin David's MAP program comes in. MAP stands for Marketing Agency Program and it provides all the tools and resources you need to acquire customers who pay monthly. With MAP, you don't need any prior experience to start an entire virtual digital marketing agency and have customers who pay you monthly. Plus, since your digital marketing business has the unique ability to offer multiple services, there is a good chance that you can benefit from those multiple services.
So, is the digital marketing agency a good deal? Absolutely! With more entrepreneurs heading online and more businesses being created daily, now is the perfect time to start your own digital marketing agency and take advantage of this growing industry.