Start A Digital Marketing Business
About
Starting a digital marketing business requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell digital marketing, or selling digital marketing online, you can use this page as a guide for everything you'll need to know.
Want to learn more? You can check out our full guide on how to start a digital marketing business ➜
Key stats
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
| Office Space Expenses | $35 | $3,250 |
| Employee & Freelancer Expenses | $0 | $5,500 |
| Equipment & Supply Expenses | $500 | $5,000 |
| Website Costs | $232 | $6,500 |
| Business Formation Fees | $5,600 | $20,400 |
| Software Expenses | $150 | $3,044 |
| Advertising & Marketing Costs | $0 | $3,050 |
| Other Expenses | $0 | $800 |
| Total Startup Costs | $6,517 | $47,544 |
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
Marketing Land | marketingland.com | #16,121 |
|
ezrankings | ezrankings.org | #25,970 |
|
DSIM | dsim.in | #66,379 |
|
QUIBUS trainings | quibustrainings.com | #68,716 |
|
Digital Marketing Agency | digitalmarketingagency.com | #76,323 |
|
REQ | req.co | #206,792 |
|
Inter (formerly Junto) | https://intercompany.co/ | #216,170 |
|
Markitors | markitors.com | #225,568 |
|
Digital Nest | digitalnest.in | #247,807 |
|
DML | digitalmarketinglahore.com | #360,180 |
|
Clicta Digital Agency | clictadigital.com | #367,327 |
Pros & Cons
| Pros | Description |
|---|---|
| Flexibility | You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own. |
| Ability to start your business from home | It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning! |
| Traffic to your website | A digital marketing business gives people a reason to visit your website and to keep coming back to you! |
| Meaningful business connections | You never know who you will meet or get to work with for your digital marketing business. This could be the start of an incredible business opportunity! |
| High customer retention rates | Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your digital marketing business becomes an integral piece of their every day lives. |
| Pick & choose the clients you work with | Digital Marketing Businesses have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients! |
| Cons | Description |
|---|---|
| Motivation of employees | If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees. |
| Longer Sales Process | A digital marketing business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers. |
| Low margins | The gross margins for your digital marketing business are typically around 23%, which can make it more challenging to incur new expenses and maintain profitability. |
| High employee turnover | In the digital marketing business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment. |
| You may need to charge sales tax | If you are selling your products in various states, you may be required to charge sales tax. Although this may not impact your financials specifically, it can be a headache to create a process and procedure for this. To learn more about sales tax, check out [this article](https://www.thebalancesmb.com/do-i-need-to-collect-sales-taxes-in-my-state-398913) |
| Customer churn | With a digital marketing business, people can cancel their subscription - which can make income unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible. |
Marketing Ideas
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1
Advertising on social media
Social media advertising is one of the leading ways to get the word out when it comes to digital marketing business.
There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.
-
2
Facebook Community
Building a community is a great way to grow your network and your business. There are several different ways of building a community, one of the most effective (and simplest) ways is to build a Facebook group.
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3
Email marketing
The more engaged list of emails, the more engaged customers, which ultimately leads to more sales. One of the best ways to start growing your list is by providing your customer with something free (or discounted) in return.
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