Are digital marketing agencies profitable?

Question

Could someone tell me whether setting up digital marketing agencies is profitable or not?

Answer 1

Yes, absolutely digital marketing is a profitable business and it has shown that year on year consistently thanks to the Internet revolution. This industry is booming with new opportunities every day. For sure, setting up a digital marketing agency is a profitable business. Let's break down the above statement to allow you to better understand:

1. With a digital marketing agency, you create a steady source of income through fees for your services to the organization that hired you.
2. Digital marketing is a versatile domain that creates and sustains different types of professions to meet the end goal of selling a product or any service. Within Digital marketing you have the option to join as a content writer, SEO expert, designer, social media manager, copywriter, etc. 
3. Gone are the days of physical marketing strategies, now all the companies heavily rely on digital mediums for marketing purposes thanks to cheaper internet, and good connectivity, organizations are rethinking their business strategies and digital marketing is the core of their business. 
4. Even if you are hit by the recession, you would be safe as you would be handling multiple organizations’ marketing so, even if a few of them canceled their partnership with you citing financial reasons, you still would have the support of other organizations.

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In this regard, I would suggest you watch this below video to get a clear understanding as it is about Digital Marketing for Beginners.