5 New Agencies With $10,000 Per Month Potential

Summary

The video introduces five unique agency ideas outside of traditional marketing and short-form content creation. The speaker emphasizes the importance of finding untapped niches where competition is low, encouraging viewers to think creatively about solving non-marketing problems for businesses. Examples include virtual assistant placement, sourcing coaches for gyms, helping gyms expand to new locations, gym-specific cleaning services, and meal delivery for athletes. The key message is to focus on solving pain points outside of marketing to create profitable, competition-free businesses, inspiring viewers to develop their own innovative agency concepts.

Takeaways

• 🚀 **Find Your Niche**: The video emphasizes the importance of finding a niche where you can have a monopoly and minimal competition.
• 🧭 **Leverage Your Skills and Interests**: It suggests using your skills and interests to solve problems in your chosen niche.
• 💡 **Think Outside the Box**: Encourages thinking beyond traditional marketing and considering unique services that can add value.
• 💼 **Define an Agency Broadly**: Defines an agency as a group that solves a problem or provides an outcome, not just a marketing firm.
• 💹 **Value Creation Through Pain Relief**: Highlights that value is created when you alleviate pain points for businesses.
• 💡 **Consider Non-Traditional Services**: Suggests considering non-traditional services like virtual assistant hiring or gym-specific cleaning.
• 🏋️‍♂️ **Gym Niche Example**: Uses the gym niche to illustrate how to identify and solve specific problems like hiring coaches or finding locations.
• 🌟 **Specialization is Key**: Emphasizes the advantage of specializing in a service that is not widely offered.
• 💼 **Service Delivery is Learnable**: Reassures that service delivery can be learned, encouraging viewers to not let lack of expertise inhibit creativity.
• 🔍 **Identify Patterns in Problems**: Advises looking for patterns in problems across a niche to find opportunities for service creation.
• 🌐 **Market of One**: Encourages operating in a 'market of one' where you are the sole provider of a unique service.

Q & A

What is the main strategy suggested in the video for starting a successful agency?

The main strategy suggested is to find a niche or service where you have full control and monopoly over the market, by operating in a place where no one else operates.

What does the video suggest as a method to inspire unique business ideas?

The video suggests using the method of imagining two overlapping circles, one representing your skills and interests, and the other representing your niche's problems, to find the overlap where money can be made.

What is the definition of an agency according to the video?

An agency is defined as a group of people or a person contracted to solve a problem or provide an outcome.

Why is it beneficial to think outside the traditional marketing agency model?

Thinking outside the traditional marketing agency model is beneficial because it allows you to find unique problems to solve, which can lead to creating markets for yourself where competition is minimal.

What is an example of a non-traditional agency suggested in the video?

One example of a non-traditional agency suggested is an agency that helps a specific niche hire virtual assistants, charging an upfront fee and possibly a retainer for sourcing cheap labor for admin tasks.

How does the video propose to find new agency ideas?

The video proposes to find new agency ideas by considering the problems that businesses in a specific niche face and thinking about how you can solve those problems with your skills or interests.

What is the importance of 'removing pain' in the context of business as discussed in the video?

In the context of business, 'removing pain' is crucial because it is the key to adding value. The video emphasizes that by alleviating a business's pain points, you can create value and thus make money.

What is the potential agency idea related to gyms that the video discusses?

The video discusses a potential agency idea where you source highly qualified coaches for gyms, especially for CrossFit or group training style gyms, and charge a finder's fee if the gym hires one of the coaches you've sourced.

Why is it advantageous to be the only agency offering a specific service, as per the video?

Being the only agency offering a specific service is advantageous because it allows you to have a market monopoly, where you don't have to compete for clients and can set your own terms.

What is the video's stance on the current state of social media marketing agencies?

The video suggests that the social media marketing space is becoming increasingly competitive and difficult, with the 'golden era' of easy money through marketing agencies coming to an end.

What is the final call to action for viewers in the video?

The final call to action is for viewers to like the video and subscribe to the channel for more content that can help them in their business endeavors.