- Published on
Avoiding the Agency Trap: A 3-Phase Strategy for Success
- Authors
- Name
- Luxe Wealth Strategies
- https://instagram.com/luxewealthstrategies
Reading Time: 2 min read
Key Points:
- The author grew their audience by 5 million people in 24 months by using a rarely discussed method involving using advertising agencies.
- The author overcame their own skill deficiency by paying agencies to help them shortcut their path to success.
- The Agency Trap: Many agencies take advantage of new clients by charging them a premium and providing poor results.
- 3-Phase Agency Strategy:
- Phase 1: Hire a basic agency to help you create content regularly and learn the basics.
- Phase 2: Work with a more advanced agency to learn advanced techniques and strategies.
- Phase 3: Train your in-house team to take over the responsibilities and eventually divorce the agency.
- How to Choose an Agency:
- Assess your priorities: Do you have more money or more time?
- Set clear intentions and expectations with the agency.
- Learn from the agency and document their processes.
- Co-create content with the agency.
- Transcribe knowledge and expertise to your in-house team.
- Common Agency Mistakes:
- Many agencies charge a premium and provide poor results.
- They often promote themselves as experts, but may not actually be skilled.
- They may use outdated strategies or approaches.
- They may overcharge for their services.
- How to Avoid the Agency Trap:
- Set clear expectations and intentions with the agency.
- Learn from the agency and document their processes.
- Co-create content with the agency.
- Transcribe knowledge and expertise to your in-house team.
- Be prepared to transition to an in-house solution once your team is competent.
Additional Insights:
- The author emphasizes the importance of building an Enterprise and creating a valuable business.
- The author highlights the need to learn new skills and platforms to stay ahead in the game.
- The author stresses the importance of transparency and clear communication with agencies.
- The author shares their personal experiences working with multiple agencies and the lessons they learned from those experiences.
Source: I Gained 5,000,000+ Followers With This Secret Method, Alex Hormozi