Bummer! You're not a
Stitcher Premium subscriber yet.
Learn More
Start Free Trial
$4.99/Month after free trial
HELP

Episode Info

Episode Info:

VaynerMedia is one of the biggest and best agencies out there now, and it isn't profitable; Gary Vaynerchuck even said it himself! But that's by design... and here's why.

Now, I'm a huge fan of Gary Vee so this is not a personal attack. Actually, I was watching a video where he is talking about top line revenue and why his agency is more focused on that instead of the bottom line (profit).

It's all about Gary's long-term vision and goals for his agency. He uses his agency to learn the industry and experiment in marketing. So, that way when he's able to buy other businesses/investments he can turn his marketing machine on them to turn those profitable. That's Gary's long-term vision and why he's not concerned with bottom line profitability.

It's the same as me, building my personal brand at JasonSwenk.com. I'll never sell the personal brand, but I can use my learnings to build other companies. I'm thinking about it with the long term in mind.

Look at Amazon -- they are not thinking about the short term for the shareholder, they think long-term growth strategy and what's next. I will always bet on Jeff Bezos' success because he's got that mentality.

Think long term and think about profit...

I had Mike Michalowicz on my podcast (check it out: https://jasonswenk.com/constantly-working/) and his book Profit First is all about paying your self first. We are taught in business that we take income minus expenses and what's left is profit, but Mike believes in paying yourself first. That's what I want for you guys... long term goals and profitability.

What's your long-term vision? What numbers do you look at when you're considering your agency's growth? Comment below!

=======================================================
SUBSCRIBE NOW to follow my entrepreneurial journey. https://www.youtube.com/playlist?list=PLDvZHFVeqEMq58q6tMoyMK-ufpp0ysoVP
=======================================================
Thanks for watching. I hope you keep up with the daily videos I post on my channel. Make sure you subscribe and share your learnings with others. Your comments are why I do this, so please take a second and say hello. 

JASON SWENK IS AN AGENCY ADVISOR THAT GUIDES MARKETING AGENCIES THROUGH A PROVEN FRAMEWORK FOR GROWING THEIR AGENCY FASTER & EASIER.

Fresh out of college Jason was off to work for Arthur Anderson, one of the big 5 consulting firms. He quickly realized that he could never work for anyone other than himself. He decided to change direction, launch a digital agency that quickly grew to a multi-million dollar operation working with brands such as AT&T, Hitachi and Lotus Cars. After 12 years of steady growth, the agency caught the attention of bigger agencies and Jason sold it in 2012.
Now, Jason leads http://JasonSwenk.com, a unique media company & consultancy helping marketing agencies grow & scale their agencies faster by applying the framework that he used to grow, scale and eventually sell his agency. Jason has helped over 10,000 agencies in 23 countries meet or exceed their business goals.
Jason currently hosts two shows that are available for download…

The Smart Agency Master Class Podcast, dedicated to providing tactics and strategies to agency owners and decision makers that cut through the BS, focus on exactly what works and what doesn’t; and

SwenkToday a daily VLOG that documents the entrepreneur journey of building another multimillion-dollar business, where he shares the latest strategies and answers the most burning questions entrepreneurs have. 

SCHEDULE

TUES/THUR VLOG #SwenkToday
Q&A from my digital agency audience

Ask me A Question
http://jasonswenk.com/askswenk

Podcast Wednesday:
(Digital Agency Interviews)
https://itunes.apple.com/us/podcast/smart-agency-masterclass-marketing/id870206013?mt=2&ls=1
or
http://smartagencymasterclass.com

Follow me here:
Website: http://jasonswenk.com 
Podcast: http://smartagencymasterclass.com 
Facebook: http://www.facebook.com/jasonswenk   
Twitter: https://twitter.com/jswenk  
Instagram: https://www.instagram.com/jswenk  
Linkedin: https://www.linkedin.com/in/jasonswenk  
Medium: https://medium.com/@jswenk/ 
Soundcloud: https://soundcloud.com/jasonswenk

Music by epidemicsound.com

Read more »

Discover more stories like this.

Like Stitcher On Facebook

EMBED

Episode Options

Listen Whenever

Similar Episodes

Related Episodes