Start A Growth Agency - Business Ideas

Updated: September 15th, 2022
Start A Growth Agency

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

A growth agency helps businesses achieve revenue growth objectives by following a core strategy that involves marketing, sales enablement, technology, and growth hacking. Unlike traditional marketing agencies, growth agencies influence more than marketing KPIs and can even influence product development and service offering.

The demand for growth agency services is high among the brand owners who understand if they stay small and stagnant, they risk losing clients.

Therefore, starting a growth agency is a fulfilling experience and an opportunity to make money. To start your own agency, focus on hiring available employees to help you in the management of various business aspects.

Some skills you may need to run a successful growth agency include editorial skills, graphics design, content creation, SEO, social media management, marketing, etc.

To ensure you run a successful agency, focus on creating a strong company culture and team bonding. Remember, clients are impatient, and so you must be ready to provide answers and services promptly.

Starting a growth agency requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell growth service, or selling growth service 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 growth agency ➜

Key Stats

market size
$399B
revenue (monthly)
$35.2K
starting costs
$11.7K
gross margin
93%
avg product price
$100
time to build
270 days
growth
Organic social media
business model
Subscriptions
time investment
Full time

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$150

$250

Website Costs

$223

$7,015

Business Formation Fees

$600

$4,700

Software Expenses

$162

$2,894

Advertising & Marketing Costs

$0

$1,400

Total Startup Costs

$1,135

$23,259

Successful Businesses

Business URL Rank

Gleam: Business Growth Platform

gleam.io

3,973

Demand Curve

demandcurve.com

62,031

VastGG

vast.gg

97,536

Ampfluence

ampfluence.com

176,993

sugatan.io

sugatan.io

185,804

Growth Hacker India

ishanmishra.in

192,225

MiloTreeCart

milotree.com

228,765

Growth Hackers

growthhackers.digital

241,436

Crowdcreate

crowdcreate.us

253,707

Phiture

phiture.com

259,118

Rain the Growth Agency

rainforgrowth.com

461,791

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!

Little startup costs required

The cost to start a growth agency costs significantly less money than most businesses, ranging anywhere from 62 to 23,259.

Rewarding work

Starting a growth agency can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

No overhead costs

To get your growth agency started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!

Cons Description

Crowded Space

Competition is high when it comes to your growth agency, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Longer Sales Process

A growth agency 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.

Work can be inconsistent

As a growth agency, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.

Lack of benefits

With a growth agency, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a growth agency, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a growth agency, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

Marketing Ideas

  • 1

    Affiliate Program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

    Learn more about affiliate program ➜

  • 2

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

    Learn more about word of mouth ➜

  • 3

    Social Media Advertising

    Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.

    According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.

    Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.

    Learn more about social media advertising ➜