The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

Intro: Digital agency owner of 10 years

Learn how to build wealth and win financial freedom the Fastlane way!

Say "NO" to mediocre living rife with jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence. Join more than 70,000 entrepreneurs who are making it happen.
Join for FREE Today
Get the books
Remove ads? Join Fastlane INSIDERS
(Registration removes this block)

david76

New Contributor
May 5, 2022
5
7
Hi guys. So a little about me.

I took the momentous decision to resign from my 14 year job. I'd had a young family,so it was a huge gamble.

10 years later and my business is still going, now with 7 staff, and many happy clients.

However, I don't feel content, nor successful.

My business is a digital marketing agency. So we do everything from helping people design and launch their new brands and websites, to the marketing of their business over social and google.

My job is pressured. I have 6 great team members, but obviously have overall responsibility for their output. On a daily basis I'm helping our clients, several of whom turnover tens of millions per year.

Without wanting to blow my own trumpet....I know my stuff. I understand development tasks, managing developers, managing designers. I have super strong knowledge of paid marketing campaigns, and super strong knowledge of conversion optimization. Every clients we have leans on me for advice....in everything from their website to recruitment. Id like to think I have grafted and crafted my current position, and Im proud of how much knowledge I have and how it often significantly impacts and helps other business owners.

All of this comes with significant pressure. For example I have to ensure the business turns over at least £25,000 every month in order to pay the wages....it always does.

My discontent however grows, as personally I'm financially worse off than I was ten years ago. Im taking home less than £30k per year....yet I have this huge demand on my time, and expertise. People around me think Im successful because of all I do, but I feel a fraud, as Im taking home less than some of the PAs of our clients.

On a daily basis I see jobs advertised for £60k and think....I could do that with my eyes closed. Yet I persist with the business. I suppose what I have come to realise, is that the industry Im in, isnt one where you make yourself rich unless you have significant entrepreneurial skills....and Im resenting the fact that Im working so hard and achieving so much for my clients, whilst Im left behind.

So.....thats my fairly short version of why I have joined this forum. I want to see what else is out there....and if I should be pumping my time into something else that may actually better my life.

Cheers guys.
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

david76

New Contributor
May 5, 2022
5
7
Welcome!
If you have the skills needed to grow an online business, why won't you use them to build and grow your own business instead of selling your skills to others?
That's exactly why I have joined the forum. However, the main point in answer to your question is that digital marketing a business probably represents 5% of everything that goes into running a successful and lucrative business. I've already grown a stable and successful business. I certainly dont want to do it again until I'm certain it's actually going to be lucrative.
 

MJ DeMarco

I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Jul 23, 2007
34,411
134,904
Utah
Wow, sounds like you built yourself a prison, but in reality, you built yourself a job...

I wrote three books on the exact problem you are suffering. You might want to read 1 or 2 of them. And if you had read them, you should know an answer to your problems. In short, you are cheating yourself -- your experience should lead to asymmetrical potential, because YOU have potential. Good luck.
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

Andy Black

Help people. Get paid. Help more people.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Speedway Pass
May 20, 2014
14,268
53,962
Ireland
Hi guys. So a little about me.

I took the momentous decision to resign from my 14 year job. I'd had a young family,so it was a huge gamble.

10 years later and my business is still going, now with 7 staff, and many happy clients.

However, I don't feel content, nor successful.

My business is a digital marketing agency. So we do everything from helping people design and launch their new brands and websites, to the marketing of their business over social and google.

My job is pressured. I have 6 great team members, but obviously have overall responsibility for their output. On a daily basis I'm helping our clients, several of whom turnover tens of millions per year.

Without wanting to blow my own trumpet....I know my stuff. I understand development tasks, managing developers, managing designers. I have super strong knowledge of paid marketing campaigns, and super strong knowledge of conversion optimization. Every clients we have leans on me for advice....in everything from their website to recruitment. Id like to think I have grafted and crafted my current position, and Im proud of how much knowledge I have and how it often significantly impacts and helps other business owners.

All of this comes with significant pressure. For example I have to ensure the business turns over at least £25,000 every month in order to pay the wages....it always does.

My discontent however grows, as personally I'm financially worse off than I was ten years ago. Im taking home less than £30k per year....yet I have this huge demand on my time, and expertise. People around me think Im successful because of all I do, but I feel a fraud, as Im taking home less than some of the PAs of our clients.

On a daily basis I see jobs advertised for £60k and think....I could do that with my eyes closed. Yet I persist with the business. I suppose what I have come to realise, is that the industry Im in, isnt one where you make yourself rich unless you have significant entrepreneurial skills....and Im resenting the fact that Im working so hard and achieving so much for my clients, whilst Im left behind.

So.....thats my fairly short version of why I have joined this forum. I want to see what else is out there....and if I should be pumping my time into something else that may actually better my life.

Cheers guys.
Welcome.

People have figured this out, so it’s possible.

Can you offer less services and take on more clients with the same headcount? (Maybe by creating a productised service?)

Or can you charge (a lot) more for your current services?

Do you have a project manager overseeing projects or are you doing that yourself?

How can you step away from the coalface and work ON your business and not IN your business?
 

Andy Black

Help people. Get paid. Help more people.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Speedway Pass
May 20, 2014
14,268
53,962
Ireland
As well as MJ’s books, “Built To Sell” might help you. Just don’t get it on Audible.
 

david76

New Contributor
May 5, 2022
5
7
Wow, sounds like you built yourself a prison, but in reality, you built yourself a job...

I wrote three books on the exact problem you are suffering. You might want to read 1 or 2 of them. And if you had read them, you should know an answer to your problems. In short, you are cheating yourself -- your experience should lead to asymmetrical potential, because YOU have potential. Good luck.
It definitely isn't a prison, as I very much enjoy what I do. It has afforded me more time with family, and since the day I launched Ive walked my daughter to school every day, and never missed a panto, play or sports day. To that end, starting the business has been a huge success.

I will take a look at your books :)
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

Paul David

Gold Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
Feb 17, 2015
708
1,435
41
England
Hi guys. So a little about me.

I took the momentous decision to resign from my 14 year job. I'd had a young family,so it was a huge gamble.

10 years later and my business is still going, now with 7 staff, and many happy clients.

However, I don't feel content, nor successful.

My business is a digital marketing agency. So we do everything from helping people design and launch their new brands and websites, to the marketing of their business over social and google.

My job is pressured. I have 6 great team members, but obviously have overall responsibility for their output. On a daily basis I'm helping our clients, several of whom turnover tens of millions per year.

Without wanting to blow my own trumpet....I know my stuff. I understand development tasks, managing developers, managing designers. I have super strong knowledge of paid marketing campaigns, and super strong knowledge of conversion optimization. Every clients we have leans on me for advice....in everything from their website to recruitment. Id like to think I have grafted and crafted my current position, and Im proud of how much knowledge I have and how it often significantly impacts and helps other business owners.

All of this comes with significant pressure. For example I have to ensure the business turns over at least £25,000 every month in order to pay the wages....it always does.

My discontent however grows, as personally I'm financially worse off than I was ten years ago. Im taking home less than £30k per year....yet I have this huge demand on my time, and expertise. People around me think Im successful because of all I do, but I feel a fraud, as Im taking home less than some of the PAs of our clients.

On a daily basis I see jobs advertised for £60k and think....I could do that with my eyes closed. Yet I persist with the business. I suppose what I have come to realise, is that the industry Im in, isnt one where you make yourself rich unless you have significant entrepreneurial skills....and Im resenting the fact that Im working so hard and achieving so much for my clients, whilst Im left behind.

So.....thats my fairly short version of why I have joined this forum. I want to see what else is out there....and if I should be pumping my time into something else that may actually better my life.

Cheers guys.

Cut the number of services you offer, and focus on just one. ie website design or facebook ads or whatever. Focus on one niche.

Reduce the number of staff and create a systemised business where you become the expert at that service in your niche.
 

livetrue

New Contributor
Read Fastlane!
Read Unscripted!
Oct 27, 2019
15
17
Canada
And here I am, just starting to try and build a successful web agency as you've had! I'm about 1 month in.

What advice would you give to someone starting out?
What would you do differently if you had to do it all over again?
 

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

More Intros...

Must Read Books...

Explore books recommended by MJ DeMarco and other members of the Fastlane entrepreneurial community.
Fastlane Bookstore
Top