In this article, I will show you exactly how to start a digital marketing agency in Nigeria. I will walk you through the things you need to consider before you get started.
But first, what is a digital marketing agency?
The definition might not be what you think!
A digital marketing agency is a business that focuses on the promotion of products and services over the internet. They may also provide other related services such as search engine optimization (SEO), social media management, and content creation.
There are many types of agencies that specialize in different areas of digital marketing.
Some agencies may focus on specific types of social media platforms or vertical markets such as travel or fashion.
A digital marketing agency provides a number of services that can include website design, content creation for blogs, social media management, and SEO.
They may also develop tools that allow their clients to measure the return on investment (ROI) of their online campaigns. Services vary based on the needs of each project as well as specific goals set by each company.
Things to consider before starting a digital marketing agency
Digital marketing is a competitive business and it is important that you know what you are doing before you start a digital agency in Nigeria.
These include the type of agency you want to create, the scale of your business, your team, and how you plan on making money.
What type of digital marketing agency do you want to create?
Digital agencies can be classified into four types:
- Digital marketing agencies that focus on advertising and marketing campaigns
- Digital agencies that focus on content writing and content creation
- Digital agencies that focus on website design and development
- Digital agencies that focus on SEO
The next thing to consider before starting a digital marketing agency is the scale of your business.
Do you plan on creating a single digital marketing agency or multiple agencies with different roles?
What is the upper limit on your work in terms of the number of hours you plan to dedicate to this business?
You should also consider the size of your team and how do you plan on making money.
Are you thinking of paying staff members by the hour? Do you have other sources of revenue in place for your digital marketing agency? Will your team be in a central office or dispersed across countries and time zones?
With that in mind, here are the steps to follow to start a digital marketing agency in Nigeria.
1). Educate Yourself.
Before beginning your career in digital marketing, it’s important to educate yourself and understand as much as possible about the industry. This includes understanding the basics of digital marketing, knowing what you are getting into, and researching different agencies.
The first step to educating yourself is understanding what digital marketing is. Digital marketing is an umbrella term for a range of online advertising strategies that include website design, search engine optimization (SEO), social media marketing, email campaigns, content creation, and more.
More specifically, digital marketing is the process of using technology to plan and execute marketing efforts. The goal of these marketing strategies is to market products or services in a way that attracts customers by solving their problems or meeting their needs.
By understanding what digital marketing is and why it’s important, you will be more equipped to make informed choices about your digital marketing agency.
2). Find Your Niche
The next step to starting a digital marketing agency in Nigeria is choosing a niche.
The first step in this process is identifying what your company’s strengths are and how you can use them to create value for your customers. It’s important that you’re able to identify what makes you different from the competition because it’s only through that that you will be able to attract customers and build a sustainable business.
A niche is a specific, narrow group of people with similar interests. Marketing is about targeting and reaching the right audience with the right message.
Marketing is about reaching out to a specific group of people and making them aware of your product or service. A niche is a specific, narrow group of people with similar interests. There are three types of niches in marketing:
- Niche market – A market that has been purposely created for one particular product or service
- Niche segment – A group of people within a larger market who share common characteristics
- Niche audience – A smaller subset within an existing market
One of the most important skills of any successful digital marketer is the ability to understand their customer, so it’s vital that before beginning this process, you spend time understanding who they are.
With that said, here are some of the most profitable digital marketing niches:
- Non-Profit Organizations
- Real Estate
- Food Industry
- Legal Services
Choosing to target a specific market with your agency could be the best thing that ever happened to your online business.
3). Do Competitor Research.
Once you have identified the right niche for your digital marketing agency, the next step is to conduct competitor research.
In order to ensure that you are building your agency in the right place, it is important to know what your competitors are doing so that you can stay ahead of them.
Conducting competitor research is a necessary step in the process of strategizing how to start a successful digital marketing agency in Nigeria.
There are a few steps that you can take to make your research more fruitful. One of these steps is to conduct competitor analysis. This involves looking at the competitors’ websites, and social media channels, and looking for their content marketing strategies.
Other steps include identifying the pain points in their business, understanding their audience, and understanding what they are doing well – what makes them stand out from other competitors?
The following are some tips for conducting competitor research:
- Know your competitors and their strengths and weaknesses.
- Understand your own strengths and weaknesses.
- Make sure you know the market to which you are going to sell your product or service.
- Understand the competitive landscape, including what kind of products or services competitors offer and what kinds of advertising they use.
- Be aware of how much competition there is in the market, as well as how large it is.
- Conduct competitive analysis on your own website by looking at similar websites that are already established in the market, such as those that offer similar products or services that yours does.
4). Launch Your Website
The next step to starting a digital marketing agency in Nigeria is building your website. A website is the first impression that a company makes on its customers. It sets the tone for what kind of business you are and how you will interact with them.
The launch of your website is not just about getting it up and running – it’s about making sure that it has all the necessary features for your audience to engage with. This includes key features such as social media integration, lead capture forms, and content strategies.
Building a website can be overwhelming at times, so make sure you research thoroughly before committing to anything!
5). Build a Portfolio
To run a successful digital marketing business in Nigeria, you need a portfolio.
A portfolio is a way to showcase your skills and show your client that you are the right person for the job. This is why it is important to have a portfolio of work that you can use for your digital marketing business.
A portfolio can be made up of different types of work, such as blog posts, social media posts, web content, and more. You should also include items like case studies or examples of campaigns that you’ve worked on in order to show off your skillset and expertise.
If you’re just starting out in digital marketing, start small with a smaller project. This will give you time to learn the ropes and make mistakes without the pressure of having to deliver a full campaign from scratch.
6). Set a Business Model
How will you bill your digital marketing clients in your agency?
A business model is the pricing of your service, product, or company. It’s how you will charge for the items you offer.
Some companies use a fixed price model where they charge a set amount for each hour of work. Other companies use an hourly rate with a cap on how much they can bill per hour.
Another popular pricing model is a flat retainer.
A flat retainer is a pricing model that involves a flat fee for the month with no set limits on scaling up or down. Clients should have rules in place as to whether they scale up or down and what their requirements are.
7). Have a Social Media Presence
When you’re starting a digital marketing agency in Nigeria, you will want to be on social media.
Social media is a powerful tool that can help your digital marketing agency grow. It is important to have a presence on social media platforms such as Facebook, Twitter, Instagram, and LinkedIn.
It also helps you engage with your customers and provide them with the information they need to make an informed decision about your company.
And if you are going to be running social media campaigns, there are some best practices that should be followed:
- Understand your audience – know what they like and don’t like, what they want and need from you, how they consume content
- Engage with your community – keep conversations going with real-time replies
- Create content that is relevant to your audience – make sure your content is engaging and interesting for them
- Be consistent in your efforts – if you’re not posting on social media, then don’t expect people to pay attention to you
8). Generate Leads
Now that you have started, to grow your digital marketing agency, you need to generate leads.
And to generate leads, you need to have a marketing strategy in place. You need to create content that is valuable and shareable.
A digital marketing agency can use a variety of lead generation strategies to get more prospects for their client. Some commonly used lead generation strategies include:
- Paid advertising
- Social media advertising
- Email marketing
How To Land New Clients
There are many ways to find new clients, but the most effective way is by using the top growth channels online. Online marketing is a lucrative field and digital agencies need to be able to generate content on these channels in order to find new clients.
Landing a new client for a digital marketing agency can be tough, but there are many steps that can help you land your next client.
1. Reaching out to people offline
Reaching out to people offline is a lot easier than reaching out in the digital space. It’s important to identify your target demographic and start connecting with them in person.
At events, you can network with different people, interact with them and learn about their needs. You can then send them a personalized email or follow up with them later. These types of offline contact opportunities are crucial when trying to find new clients.
2. Creating content that helps your audience
Reaching out to people offline is a lot easier than reaching out in the digital space, but creating content that your target demographic will appreciate can be difficult.
Creating content related to your specific needs as a company and sharing it on different platforms is a great way to get your brand known.
With content marketing, you’ll also have the resources and time to improve upon your content as time goes on and get more people coming back for more.
3. Looking at statistics
Reaching out in the digital space is easier than reaching out offline, but it can also be harder to know where you need to focus your efforts.
Monitor your website stats and determine what posts have been successful on social media. This way, you can work towards increasing the numbers in those areas.
4. Sharing with others in your network
This strategy is all about documenting how you’re going about reaching out to potential clients so that other people can do it too! Share with them the content you’ve created or the content you’ve found and ask them if they want to implement this strategy in their own marketing campaign.
How Much Should You Charge for Your Services?
In the competitive market, it is important to know what your pricing strategy should be. One of the most important factors that you should consider when determining your pricing strategy is the value that your clients will get from you.
In order to determine how much you should charge for your services, there are a few factors that you need to consider:
- Your industry
- The type of service that you provide
- Your target audience
- The competition in the market
- The value that your clients will get
- The importance of your service
- How much you are willing to invest in marketing
- The expense and risk that your clients will assume by purchasing your services