Profit Strategies for Agency Owners: Should You Distribute or Reinvest?

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Business, Marketing

4.6 • 1.3K Ratings

🗓️ 17 August 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this bonus episode, we give you a sneak peek into what our Agency Owners Association (AOA) hangouts look like. Find out the importance of finding a balance between reinvesting in the business vs. taking distributions and insights on acquiring companies, including different financing options and deal structures. Don’t forget to help us grow by subscribing and liking on YouTube! Check out more of Eric’s content (Leveling UP YT) and Neil’s videos (Neil Patel YT) TIME-STAMPED SHOW NOTES: (00:00) Introduction to the Coaching Call (00:30) Finding the Balance: Reinvesting vs. Taking Distributions (01:27) Acquiring Companies: Financing Options and Deal Structures (08:03) Sourcing Off-Market Agencies for Better Deals (09:47) Building a Deal Team for Successful Acquisitions (12:57) Recommended Resources for Agency Growth and Acquisition Go to https://www.marketingschool.io to learn more! Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Single Grain << Eric’s ad agency NP Digital << Neil’s ad agency X @neilpatel X @ericosiu

Transcript

Click on a timestamp to play from that location

0:00.0	All right, so we have a little treat for you.
0:01.4	So this is a coaching call from the Agency Owners Association.
0:06.0	This is a group that Neil and I have for agency owners to help you grow faster.
0:10.1	So if you're an agency space, you a services business this is applicable to you.
0:14.0	It's a little preview of a call. It's probably 10-15 minutes or so and you get a sense for what it looks like to be in the group.
0:19.6	If you want to learn more about the group you can go to marketing school.
0:22.0	I.O. slash agency again it's
0:23.9	marketing school the I. Oh, slash agency hope you enjoy the episode.
0:27.8	Neil really likes taking this distribution. He's always like to take distributions
0:31.4	before even at MP Digital, he had other companies.
0:33.5	I've always been a fan of, because I come from working in tech, I'm like reinvest, reinvest, reinvest,
0:37.2	reinvest, right?
0:39.2	I think it's probably better to have a mix of both.
0:42.1	So you want, because at the end of the day you need to protect yourself, right? You know, you're young right now, Allian, so you can gamble more, but maybe not so much because you're going to be a dad soon, right? So you just gotta be careful there.
0:53.2	I think it's, you gotta decide what risk
0:55.5	you're comfortable with.
0:56.9	If I'm gonna become a father, I'm not a father,
1:00.4	right, but I'm just like, okay, shit,
1:01.7	like it's no longer just about me it's about my my spouse and my kids
1:05.6	so I might just up the distributions more so it it's ultimately comes on the personal choice
1:14.0	Yeah, thank you.
1:16.0	Yeah, and the other thing too is like at least in America,
	...

Transcript will be available on the free plan in -228 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Eric Siu and Neil Patel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Eric Siu and Neil Patel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.