Someone asked this about the course:
What’s the earning potential of your business model. If I wanted to offer the same service you are offering - (if I understand it correctly), running Google Ads for local businesses in various towns and cities, what do you charge your customers monthly, on average, and how much do your expenses run?
I’ll answer this directly and then mention other paths you can take with the skills from the course:
When I take on smallish local service businesses my fee is about €250/mth or the local currency equivalent. (Note that all clients pay the ad spend.)
If they’re a larger business and/or serve many cities then I typically charge twice as much, so about €500/mth.
It’s kinda a flat fee, but I quote it as “€XXX/mth or 10% of ad spend”. So if either size of business spends over €6k/mth on ads then my fee would be €600/mth. I typically don’t bother increasing fees but leave it as a flat fee. If they get a better and better ROI then I’m happy to leave the money on the table because that translates to a happier client, longer lifetime, higher LTV, and greater chance they refer other people.
I also have some bigger clients that cover many countries and have a lot of services and products. I’m charging them about €1,500/mth. I’ve had clients at €5,000/mth but I don’t want them that big and taking up that much of my time.
I’m at 25-30 Google Ads clients. Up until I had 20 clients I managed all the campaigns and did the Monday morning Weekly Report emails. So no costs there.
I now pay €200/mth to get the weekly reports created. It’s a simple task, but the first step for someone to join the team and learn what we do, why, and how. Currently, my stepson is doing them.
I also have a full-time freelance developer because I decided to help clients with their websites and sometimes build a landing page for them. This isn’t necessary for you at the start.
I pay a freelance webmaster to configure and optimise hosting for any landing pages we do create - because they have to be highly available and blazing fast (especially on mobile).
I also pay a recurring fee to a graphic designer every month for landing pages that he’s designed and are still live.
Ditto with a copywriter.
And I’m working out how to bring an
email marketing/automation freelancer too.
So you can see, as my revenue grew I was able to pay for more capabilities over time. Think of this as your clients paying for your team, *not* as an additional cost.
...
What else can folks do if they know how to run Google Ads campaigns successfully?
- JV/partner with their clients.
- Get paid per lead.
- Generate leads for their own local service business.
- Get into eCommerce. I’m not a Google Shopping specialist but still manage to help eCommerce clients.
- Get into selling courses. One of our clients makes 5 figures a month selling courses.
- Get people onto email lists. We’re running these “info-seeker campaigns” for a few clients. They seem to drop the ball with their email marketing though, hence looking to get help with that. I also helped a startup acquire 15k signups a day using Google Ads.
- I’d like to create a directory for my county.
- And directories for various verticals. (By directory think booking dot com.)
- And build and rent websites (WaaS).
- And test some plugin ideas I have from seeing the same problems with clients over the years.
- Provide a service for businesses to get real time market research of what people are searching for so they can then build the funnels to sell what the market actually wants rather than what they think it wants.
- So much more!!!