Smart Agency Masterclass With Jason Swenk: Podcast For Digital Marketing Agencies
What You Need To Know To Profitably Sell Your Agency | #AskSwenk | Ep #139
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:11:20
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Sinopsis
Curious about selling your agency? In this episode of Ask Swenk, I cover how to determine your agency's current value and what you can do to increase it. I also take a real look at the process to eventually sell your agency and gain profit. {0:48} Tim asked: "What is my digital agency worth if I sold it today?" {4:10} Bree asked: "What does the process look like when you sell your agency?" {7:32} Tony asked: "How can you increase your agency valuation?" Tim asked: "What is my digital agency worth if I sold it today?" The short answer is it's worth whatever someone will give you money for it, and whatever you're willing to take. The thing I want to debunk right now is if you can get over $5 million, that you'll get tons and tons of money, or get over a million. It doesn't matter on your gross. I know agencies that are over $10 million in revenue, and they're like at 4% profit, which is horrible. Your goal for a profit margin should be 40% and more than that. If it's not, you're doing something wrong. There's