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Marketing School - Digital Marketing and Online Marketing Tips

The billion-dollar one-person SEO agency: Fiction or the future?, and CNET is sold for a $400M loss

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Business, Marketing

4.61.3K Ratings

🗓️ 28 August 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

In episode #2809, Eric Siu and Neil Patel discuss the possibility of creating a billion-dollar one-person SEO agency using AI, the Red Ventures selling CNET at a $400 million loss, and share personal experiences of dealing with failures and the challenges of cleaning up and rebuilding. 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) The billion-dollar one-person SEO agency: Fiction or the future? (02:47) CNET is sold for a $400M loss (16:54) That’s it for today! Don’t forget to rate, review, and subscribe!  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

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0:00.0

You have this one on the billion dollar one person SEO agency.

0:02.8

What's that?

0:03.9

Yeah, so there was this article on search engine land

0:07.0

that talks about a billion dollar agency.

0:11.2

You already know what this is about. We've talked about this a little bit.

0:14.0

You know, will someone be able to create a massive agency with AI without head count or people?

0:21.0

Okay, so what do you think about that? I don't think it's possible, but I think you're more on a different spectrum than I am.

0:28.0

I don't think it's possible either. I think you need to, so one thing I've been telling my team is that you know we have to

0:35.3

continue to keep the talent bar unreasonably high not just high, unreasonably high

0:39.7

because my take on it and I'm exaggerating a little bit here when I say this but we can only

0:43.4

afford to hire a top 5% of talent over the next 10 years right yeah and this

0:47.2

top 5% of people they're going to be managing a thousand tens of thousands

0:50.4

of agents and a lot of the resources that they've been constrained by

0:54.6

will be unconstrained.

0:56.9

So I think head count is going to be smaller.

1:01.6

I don't think a lot of company, head count's going to be smaller for a lot of companies and they're going to be smaller, I don't think a lot of company, head counts could be smaller for a lot of companies

1:04.6

and they're going to be able to do a lot more. That being said, I still think they're going to be big companies too.

1:09.8

Yes, and I think you're spot on in which companies with amazing talent are going to be very, very valuable.

1:17.0

We are just scratching the surface with AI, but a lot of people like, oh yeah, AI can do all this stuff for you in marketing and you don't need any people and you can just start cutting it down

1:27.9

You and I and most people in marketing have not seen any of that yet. I know a lot of creative shops that still do

1:33.8

extremely well in doing all their work manual. Yes, they're using this

1:37.4

technology to help them become more efficient, but they're still getting paid

...

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