How to start Advertising agency ?
Start-up cost : 150000 Rs – 200000 Rs.
Potential earnings : 200000 Rs – 800000 Rs / P.A.
Typical fees : 500 Rs per hour,
a monthly retainer, or a per-job basis
Advertising : Networking, ads in trade publications, participation in local chamber of commerce, and a Web site that is a true showcase of your company’s talents
Qualifications : Knowledge of design, layout, and typography; writing skills; experience working with businesses on brand and identity development
Equipment needed : Cell phone (with or without hands-free accessories); computer with Internet access and full suite of presentation and design software; high-resolution color printer, scanner; digital camera; fax; copy machine; business cards; letterhead; envelopes
Staff required : No
Hidden costs : Your high-end Web site will definitely cost you some money to design and host, but it’s worth its weight in gold for helping you quickly secure a high profile in the marketplace.
What You Do for advertising agency
You’re probably not going to be doing the Cadillac ads for General Motors in the beginning, but if you are motivated and highly skilled you can build up a home-based ad agency serving clients in a specialized area. To get a foothold, you’ll need to have at least some experience from a larger agency or a list of potential clients who already know you and your work. Your participation in activities such as indoor soccer or squash, etc., could be your lead-in to a small but profitable market. Or you could specialize in one type of store, one product, or a type of service. You will get to know your client organizations well, and you will draw on all of your creativity, both written and graphic. New ways of getting a commercial message out to the public, including targeted e-messaging, high-end Web sites with e-commerce and exciting new brand-building capabilities are revolutionizing the advertising field, so creativity extends into the nature of the business itself as well. Very few businesses can succeed without advertising in one way or another, so your creativity and awareness of market needs has many possible customers. You’ll need to educate your clients about the value of advertising, even when things don’t seem to be going very well for the company. In fact, that’s when they need you the most.
What You Need for advertising agency
High-end computers with the graphics and print-production software now available enable small agencies to produce outstanding ads that once required an entire art department. Setting up this equipment is expensive, though, and could cost from 200000 – 800000 Rs/ P.A . Bill out between 500 Rs per hour, or determine your rates on a per-job basis that takes into account how much work is actually involved in the project. Many ad agencies also work on monthly retainers of $500 or more; again, look at the workload and the time and expertise involved in each project. For presentations, you might also find a laptop especially helpful, which could cost another 200000 – 800000 Rs/ P.A.
Keys to Success
Advertising is a rewarding occupation because it relies so heavily on ideas and inspiration, connected directly to business results. Successful ad agency personnel (in this case, you) develop close relationships with their clients. You’ll be serving an area or group that you know about and enjoy, and you’ll be using all of your talents to do so. As a one-man (or one-woman) band, you must be able to do all the facets of the advertising process, from sales to writing, design, and promotion. But remember that it may also be very wise to partner with a good Web design firm to add to your portfolio of services without adding a regular, full-time staff . While this is a fun and always challenging business, its one downside is that the pressure never lets up because the competition for clients can be shark-like.
Expert Advice On Advertising agency :
What sets your business apart from others like it?
For Carol Wilkerson, owner of Wilkerson Ltd., in Portland, Oregon, it’s experience that sets her business apart: “I have over twenty-three years of experience in advertising and public relations, and I have dealt from the bottom up with any kind of promotional effort there is. Also, I’m small and selective about who I work with, because I want to make sure I can really provide the top-notch service the client’s looking for, turning things around quickly enough to keep them coming back for more.”
Things you couldn’t do without
Wilkerson’s business depends on a computer, laser printer, fax, telephone, and overnight delivery services.
“Before you start, determine what your strengths are and identify them for your clients. You really run into problems when you start promising things you really can’t do . . . you can’t fake knowledge and experience. Farm out what you can’t do to others who can, and you’ll gain a lot more respect.”
If you had to do it all over again . . .
“Oddly enough, I didn’t promote myself well enough in the beginning . . . I wasn’t a big enough cheerleader for my own business. It’s so ironic!”