A digital marketing agency’s job is to generate growth and new revenue streams for your business. If you want to grow right now, then hiring an ad agency will certainly increase your chances of doing so.
On the other hand, if you’re not actively looking for new growth opportunities, your competitors are. There has been a significant shift towards digital channels when it comes to consumer behavior and buying habits. NZ digital marketing spending hit a record of $1.78 billion (NZD) in 2022 (Advertising Standards Authority). According to a survey by Statista, 33% of consumers shifted to online shopping in 2020. Hiring a digital marketing agency now means looking beyond the short-term campaign and into the long-term company goals in mind.
By hiring the right digital marketing company, you get to work with experts that deliver measurable results. Why wouldn’t you want that?
Everyone that is anyone is using the power of digital marketing services to their benefit. Think of Apple, Microsoft, or New Zealand brands like Kiwibank and Xero. Before, only the big brands with substantial marketing budgets had the resources to hire online marketing companies. Today, an ad agency like IM Creative provides services at affordable prices for small to medium-sized companies.
A strong online presence means your business is not limited to exposure only in the physical sense. It can reach people worldwide from the comfort of their own homes. Particularly with the tools at the disposal of the top online marketing companies. These tools are currently achieving an average of 83% more conversion than any human and doing so at a large scale. The opportunities are big when you hire a digital marketing company. The best time to hire an ad agency was yesterday. The next best time is today.
When should a small business hire a digital marketing agency?
If you’ve been in business for a few years but have hit a growth plateau, this is something to consider. You know your business model works and there is demand for your products or services. Moreover, you have an established and reliable supply chain, whether it be quality products or service capabilities.
A digital marketing agency can help you get to that next level and reach your maximum potential. Although there are no certainties, the sheer fact that you are in business makes it very likely you could succeed. Hiring an ad agency with experience in digital marketing services within Australia and New Zealand only increases your chances.
Small businesses ranging from flower shops to local vehicle towing companies should seriously consider hiring a digital marketing agency. You’ll find that your competition is likely advertising with a web agency and taking a lot of market share. A simple Google search can verify which competitors in your industry are advertising directly to an ‘in-market’ audience. Hiring the right digital marketing company will not only help you stay competitive but get ahead of the competition.
The reason why we’re in business is because the internet marketing service we provide delivers for our clients. If you’ve tried a do-it-yourself approach but your efforts aren’t delivering results, it’s time to approach a web marketing company. An expert will analyse your current strategy, identify what’s not working, and develop a pathway to success. In addition, hiring an internet marketing agency eliminates the time needed to implement a winning strategy. Therefore, allowing you to focus on your core competencies.
You don’t necessarily need to break the bank when you hire an online marketing agency. At the expense of hiring just one employee, an ad agency can play a crucial role in your digital success.
Is it a good idea for an owner-operator or startup to hire a digital marketing company?
In truth, hiring a digital marketing company costs thousands of dollars, and the owner must come to terms with that. Of course, there are cheaper ad agency alternatives that you can find overseas or web agency gurus offering guarantees. However, the old saying holds true, ‘you get what you paid for’.
In business, there are no guarantees or cheat codes for becoming rich. To get the high-profit returns you are seeking, you must be willing to invest in a reputable ad agency. Of course, that does not imply that you will succeed. There are many other factors like the cost of production, price, and quality that play an important role. However, hiring an experienced digital marketing company gives you the best chance of online marketing success.
Granted, when you are starting, you may not have the cash flow to invest in a top online marketing agency. You may be working full-time and starting your own business as a side hustle initially. In such cases, our advice is to learn and implement various digital marketing services on your own. We’re not saying that you need to become an expert overnight. But, there are plenty of free tutorials online to help you implement some of the digital marketing services yourself. The goal is to learn whether your startup is a viable and sustainable business in the long term. Once you get an inclination for how the market reacts to your offering, you’ll feel more confident investing in advertising.
In summary, it’s a good idea for a first-time entrepreneur to learn some advertising skills themselves. That way, they can save on the thousands of dollars it would cost to hire a digital marketing agency. Serial entrepreneurs with a successful track record, likely have more capital and experience to hire an ad agency.
Why do medium and large companies decide to work with or switch between online marketing companies?
Medium and large companies can certainly hire an in-house team and yet they still work with marketing companies. More often than not, they have a combination of in-house marketing professionals and external online marketing companies. There are many reasons for that and we’ll be discussing some of the main ones here.
The primary reason why corporations hire an online marketing agency is because of the broad outlook that is provided. An experienced digital marketing agency works with multiple big clients across many industries. While your internal team will ensure a consistent brand message, an ad agency can provide the best practices. Therefore, they can leverage this position to offer an internet marketing service unique to their standing in the marketplace.
Labour laws in New Zealand and Australia are fairly regulated and employee protections make it expensive to swiftly change course. Hiring an online marketing agency on a fixed or monthly basis gives companies the flexibility to make swift strategic changes. Whether the internet marketing service campaign is failing to meet expectations or you simply don’t need a web agency anymore. This does indeed play an important role in the decision to hire a digital marketing agency over hiring more people.
Large corporations may decide to switch from one marketing firm to another or work with multiple at once. The reason a web marketing company is dropped could be due to poor performance or simply a breakdown in relationships. You can imagine a company’s marketing manager moves on and the new person in charge wants to make their mark. The relationship between the internet marketing agency and the old manager goes from a significant factor to an irrelevant one. One of the first things the new decision-maker could do is fire the marketing firm and appoint their preferred choice.
When should you not hire a digital marketing agency?
Sometimes, there are reasons not to hire a digital marketing agency and that is what we’ll discuss here. You will find that big marketing companies often turn prospective clients away if they are not the right fit. That is the case when they notice signs that could lead to issues down the road.
You should avoid hiring a digital marketing company if you are struggling with cash flow. When you hire a professional to provide their digital marketing services they expect their clients to be professional too. No one wants to chase up on invoices past their due date and neither does a marketing firm. Naturally, payment uncertainty can lead to a stop-and-start workflow for the ad agency, which hampers the momentum of your campaign.
Another reason not to hire an ad agency is if you are selling illegal and prohibited goods or services. Any reputable digital marketing company will turn down the work anyway. Nonetheless, most digital platforms have strict terms and conditions prohibiting such use of digital marketing services. Even if a web marketing company takes you on as a client, they will not get far before getting banned.
Lastly, this one is more of a reminder rather than a hard reason not to hire an online marketing agency. You should always discuss objectives and expectations before hiring an internet marketing agency. Naturally, they will evolve over time. Nonetheless, it is of utmost importance that both you and your web agency are aligned in achieving the same goals.
Remember, hiring a digital marketing agency should be seen as an investment, not as an expense. Having said that, those who do see it as an expense won’t likely read this far down anyway.