🔥 About Your Agency

Have you built that "dream" agency yet? Let's talk about that "dream agency" you've been wanting to build. You know, the one that lets you get away from your desk every once in a while. Take a vacation without losing revenue or clients. How's that coming? If you need a boost to get there, [you should read this](. 🔥 Also in today's "freelancer to agency" newsletter: - 9 Steps to Go from Freelancer to Agency (Based on Experience) [[LINK]( - When to Call Yourself an Agency [[LINK]( - Do Agencies Get Bigger Clients? [[LINK]( Enjoy! Preston & the Millo Team 9 Steps to Go from Freelancer to Agency (Based on Experience) Transitioning from freelancer to agency owner can lead to higher revenue and more free time, but it's a significant change. Here are 9 steps to help you make the leap: - Treat yourself like an agency - Start using "we" and consider using a business name. - Build up your client pipeline - Ensure you have enough work to support the change. - Create systems for handling client intake - Develop a process to convert leads into paying clients. - Perfect your process for delivering client projects - Streamline your workflow and clarify responsibilities. - Get organized and legally covered - Consider setting up an LLC when you're ready to grow. - Hire for revenue-generating positions - Focus on roles that will bring in more money. - Shift your focus to sales and marketing - As an agency owner, your primary job is to bring in new business. - Watch your numbers closely - Keep a close eye on your finances to ensure sustainable growth. - Have fun! - Remember to enjoy the process of building your own small empire. Growing an agency can be challenging, but it's also one of the most exhilarating experiences in business. By following these steps, you can set yourself up for success as you transition from freelancer to agency owner. Want more detailed insights on each step? [Check out the full article]( for in-depth guidance on making this exciting transition. When To Call Yourself an Agency In this podcast episode, we chat with Tina, a graphic designer, about transitioning from a solo freelancer to an agency model. Consider maintaining some clients as solo projects while using a team approach for new clients as a transition strategy. Recognize that most team members will initially perform at about 70-80% of your level, but some may exceed your skills. Overcome the mental barrier of thinking you're the only one who can deliver quality work on time. Start by delegating small parts of projects or administrative tasks to ease into the agency model. The discussion emphasizes the importance of gradually building trust with both new team members and existing clients during the transition. It also addresses common fears and misconceptions about growing a freelance business into an agency. For more detailed advice and personal anecdotes on making this transition, [listen to the full podcast episode](. Do Agencies Get Bigger Clients? In this podcast episode, we discuss the transition from freelancer to agency with Austin, a software developer who's considering expanding his business. Key takeaways include: - Marketing as an agency can attract higher-paying clients, even if you're just starting to build a team. - When hiring, expect most contractors to perform at about 80% of your level initially. - Be transparent about your growth with long-term clients, but wait until you've established a solid working relationship with new team members before introducing them. - Consider keeping some clients for yourself while using a team approach for new clients as a transition strategy. - Start small by delegating parts of projects to test new team members before giving them full responsibility. - Focus on both long-term (content creation, social media) and short-term (direct sales, networking) strategies for growth. - Attend industry events outside your field to stand out and attract potential clients. The conversation emphasizes the importance of gradually building trust with both new team members and existing clients during the transition from freelancer to agency. It also highlights the potential for increased revenue and growth when marketing yourself as an agency. For more detailed advice and personal anecdotes on making this transition, [listen to the full podcast episode](. Whew! If you made it this far—thanks for sticking with us. See you in next week’s issue of 🔥 Freelance Fire. [Twitter]( [Facebook]( [Website]( [YouTube]( [LinkedIn]( Copyright © 2024 Millo, All rights reserved. You subscribed to this newsletter at Millo.co (previously GraphicDesignBlender.com). Thanks for subscribing. Our mailing address is: Millo 265 N Main Street Ste. D #229Kaysville, UT 84037 [Add us to your address book]( Want to change how you receive these emails? You can [update your preferences]( or [unsubscribe from this list](.