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Progress Thread My First $2800 Client - Digital Agency Progress

Discussion in 'Progress/Execution Threads' started by DrunkFish, Dec 30, 2017.

  1. DrunkFish
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    DrunkFish Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Hey all. So i've posted here and there on this forum and decided to revisit.

    As a recap from my old posts,
    --i made a relatively successful youtube channel that's lead to tons of adventures and opportunities,
    --i've had small roles in a major show, and a less major movie that recently came out,
    --and along the way i've traveled a ton and tried businesses here and there.
    --Public spoke in front of a MAJOR if not the biggest prosthetic company in iceland and later in front of a CEO program locally of high school students
    --Oh and I became a real estate agent for a year and did one deal and then exited when i started this venture. Ha.

    This thread is a progress thread on my main gig now - my agency. So I've started a digital marketing agency. I freelanced copywriting for a bit but was busy with all the other stuff i just listed. While i was a real estate agent, i realized i was really obsessed with digital marketing. My friend and I were talking about working together to provide this service, so i decided f it. I'm gonna do it. I know it very well and i've been doing it forever and I love it.

    So, month after that I'm getting new legs made (double amputee) and I mentioned how I am doing social media services with a friend. My prosthetist (guy who makes my legs) mentions they've been wanting to do more with their social media so I should talk to the owner.

    Well one day I'm in the shop with them (we're semi close at this point but i havent met the owner) and im taking a picture with my DSLR and tripod for my facebook because i wanted a good picture rather than a shitty iphone 6s pic of getting new legs. I was just stopping by to take the picture, total spur of the moment "im fed up with my shitty iphone 6s pics and want something cool" move LMAO.

    That's when the owner walks in and all of a sudden my credibility shoots through the roof.

    "Hey -owner- this is Alex! the guy that won the contest for x company and is going to x country, who was in the tv show, who was in atlanta for that movie, who does social media!"

    So im literally sitting there with my "professional" looking camera setup and just bombarded with credibility so that's when i mention to the owner that the prosthetist mentioned they wanted social media. Basically he says yeah come up with a proposal and schedule an appointment.

    So i whip up a proposal in WPS (free version of MS Office basically) and a week and half later I walk into a conference room with 6 of the admins/owners and present my stuff. It was semi easy since they simply wanted social media and I like 'public' speaking.

    First month is a bit extra for start up fees. It felt pretty crazy to have a business write me a $2800 check. But that's when a realized, even though i just basically doubled my bank at that time, i didnt care literally at all about money.

    So this will be a progress thread for this.

    Currently:

    No LLC. No office. No employees/contractors.

    Goal:
    1: Working on another client, 95% probability but could still fall though. They met with a few other agencies/seo peeps and they said they liked me the best and i made the most sense. They will be hitting me back up on tuesday with their own 'custom' package and ill price it and hopefully we agree. This is above simple social media so i will be hiring a small team to take it on that I found on UpWork.

    So if i remember, Jan 2nd I'll have an update on the potential second client. It will likely be for around the same price as the first client even though it's more services. I'd rather go cheaper since it's my first time doing it and using this team.

    2: I need to make my biz legal! The thing is, since i do various other things as well as plan on doing real estate in my future, im wondering if i should do like "drunkfish LLC. DBA Digital Agency" and then later on put a drunkfish real estate LLC. UNDER that main LLC? I also model/act on occassion so i could have them make it out to the main drunkfish LLC. for example? OR should i make Digital Agency it's own LLC under my main LLC? No idea. But I want to figure this out asap.

    3: Remake the website in wordpress. I use squarespace and its super limited in comparison to WP... its just going to be a pain in the ass and also i hardly use the website. Word of mouth has been keeping me busy at this rate but I know having a kickass website will be much better.

    4: At some point i definitely need to make our own social media pages hahaha I literally have not had time/dont have the resources to manage all of it at once/not necessary until I can hire someone to take it on.

    ULTIMATE GOAL:
    Cool company, cool office space near me, 10-30 employees... and just keeping growing. Then fund my real estate investments.
    ALT GOAL:
    Get a few clients, at least $2500 MRR with a fully outsourced team running smoothly and use my team to create my own infoproducts as well as market them. Then use money for RE investments and keep growing those business's as well.

    So as i said, i will try to remember to post updates and answer any questions.
     
    Last edited: Jan 7, 2018
  2. LeoistheSun
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    LeoistheSun Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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  3. DrunkFish
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    DrunkFish Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Thanks, yeah I should be good (as in i checked). It's a really dumb name. It was incredibly hard trying to name a digital agency as quite literally anything and everything that might even be remotely relevant in terms of being a name was taken. I already have two domains and facebook but i dont use them yet haha.
     
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  4. hungryhippocampi
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    hungryhippocampi Contributor Read Millionaire Fastlane

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    Do you have to do something with "Digital Agency" in the name? How about "Media" or somethink like that? It's a creative, so take some liberty right. To get the juices flowing: how about Modern Mind Media...ModMind Media, ModMind Creative, Vaulted Media, or something along those lines?
     
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  5. DrunkFish
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    DrunkFish Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Oh no I already have a name I like. It does have media/marketing/agency type thing in the name. Vaulted is cool though!
     
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  6. hungryhippocampi
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    hungryhippocampi Contributor Read Millionaire Fastlane

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    That's the one that first popped into my mind but I thought I better add some other suggestion as well! Happy New Year!
     
  7. DrunkFish
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    DrunkFish Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Currently in negotiation... Will update soon.
    Very weird that they seemed really stoked when i was explaining all the ways to generate leads with Facebook ads and capture them with email and such, and then they go and pick the base package which in my case didnt include lead generating facebook ads or split testing emails. Lmao. But im working with it.
     
  8. DrunkFish
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    DrunkFish Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Still negotiating with that potential client... weekends suck haha.

    Also spoke with a few more CPA's. Seems like I will make a single member LLC and claim on my own 1040 for the most simple and efficient management and flexibility for the future if i do decide to go S Corp or something.

    Also I updated my original post Ultimate Goal with an Alt Goal that I'm working towards as well.

    Right now I currently work with a guy who acts as a manger of sorts, who has a team. I do some of the work, all of the sales and management, and he'll handle the technical aspects with his small team. If i can make this work with a few clients and have $2k-3k, I'm going to look into making and selling info products most likely. I did this a while back but I had aboslutely zero money so basically couldn't do too much effectively.

    But so with this me->manager->team setup, I'm hoping i can get it working smoothly. For in person media type stuff, I have a friend I will be hiring who has an MBA so he will do low end video and pics (which is all you need for social media and stuff with the budgets that I work with currently). I don't particularly think its a good idea to bring on an account or anything at this point in time, but possibly in the future. I've been keeping track of the money with Excel so far.

    I'm also trying to read more, so Im reading the emyth currently. I have a list of some books to go through :)
     
    Last edited: Jan 7, 2018
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  9. DrunkFish
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    DrunkFish Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Currently trying to hire more freelancers. Will be going through proposals tomorrow.

    What I might do, is niche down, pick an industry or two, and create some "One size fits most" 3 tier system that I know will work and deliver and go crazy with finding leads and meeting with biz owners.

    Currently its more like im adapting to whatever is coming my way, which means it's taking quite some time to create proposals but i think the other way around is better.

    So if i find an SEO expert, PPC expert, and copywriter and a few other guys, I can whip together a solid package and sell it, essentially. It will most likely be altered a little bit to each company, but mostly the same, especially if i niche down.

    I've had a CPA friend contact some bigger local digital agencies for market research. We'll see what the results are :)

    If anyone has any input, let me know.
     
  10. DrunkFish
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    DrunkFish Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Boom, just landed my second client as of yesterday! This one is more involved as my first one is more social media oriented and this one is more lead gen. So this will be the first time I'm personally putting the team to the test. Scary stuff. But once this goes well, i will be in a perfect position to start going hard in getting new clients because I'll have the process down.

    So far i've closed 100% of my leads ;)
     
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