The Go To Guide To Multiple Agency: Everything You Need To Know
There are many benefits to multiple agency, but it's a difficult decision. If you're not sure if multiple agency is a good fit for your business, then read on!
In this blog post we'll cover the basics of multiple agency and give you some tips for determining if it's right for your company.
Multiple Agency :
A multiple agency is a company that has multiple marketing or advertising agencies working for them.
This can be beneficial because it gives the business owner access to multiple skill sets and resources.
The main difference between single and multiple agency is that with multiple agency, you have multiple partners who are each experts in their own field.
This can be extremely beneficial because it allows you to tap into a wide range of skills and services.
Benefits of Multiple Agency
There are many benefits to multiple agencies, including:
1) Â Diverse Skill Set:
As we mentioned before, multiple agency gives you access to multiple skill sets.
This can be extremely valuable because it allows you to tap into a wide range of skills and services.
You'll be able to find an agency that specializes in every area of marketing, from SEO to social media to website design.
This will save you time and money, since you won't need to hire multiple separate agencies.
2) Â Greater Collaboration:
One of the best things about multiple agency is that they'll be communicating with each other.
This allows for more effective collaboration and results in a better final product.
3) Â More Resources:
Having multiple agencies gives you access to more resources.
This can be extremely valuable, especially if you're working on a big project.
Agencies often have exclusive relationships with vendors and suppliers, so you'll be able to get better pricing and more services.
4) Â Better Coverage:
By having multiple agencies, you'll be able to reach more people.
Each agency has its own specialty and target market, so by working with multiple agencies you'll be able to tap into a larger audience.
5) Â Greater Efficiency:
Multiple agency does have some added overhead, it can actually be more efficient than working with a single agency.
This is because multiple agencies are able to specialize in different areas, so you won't need to spend as much time teaching them about your business and products.
When you have multiple agencies working for you, there is more communication and less overlap.
This leads to a more efficient use of time and resources.:
Tips for Determining if Multiple Agency is Right For You:
1) Â Compare Agencies:
Before you hire multiple agencies, it's important to compare them.
You should look for multiple agencies that specialize in the same type of marketing so they can complement each other and work more efficiently together.
This will ensure that there is no overlap between services or resources, which leads to greater efficiency.
2) Â Communication is Key:
One of the most important things to look for with multiple agencies is communication.
You need to make sure that they are open and honest about what projects have started, how far along they are, and when you can expect results.
Make sure that you have a system in place for communicating with all the agencies, and be prepared to spend time coordinating between them.
This can be time consuming, but it's worth it if you get better results.
3) Â Analyze Your Data:
Each agency will be coming up with their own recommendations for marketing initiatives, so it's important that they're all keeping track of the same metrics and KPIs.
In multiple agency, the data from each sector is shared. This allows for comprehensive analysis and a better final product.
Make sure that all your agencies are working with accurate data so you can get reliable results. This will save time and money in the long run!
4) Â Establish Clear Goals:
In multiple agency, it's important to have clear goals. This will help you and your agencies stay on track and ensure that everyone is working towards the same goal.
Making the decision to go with multiple marketing or advertising agencies can be a difficult one.
Who should go for multiple agency?
1) Businesses with multiple services:
Business that offer multiple types of products or services will benefit from multiple agency.
This is because they'll be able to tap into multiple skill sets without having to hire separate agencies for each product line.
A business can have one marketing agency do all their online advertising, another take care of local SEO and a third manage social media.
This saves time and money since you won't need to hire multiple companies separately, making it easier on your budget as well!
2) Businesses with multiple locations:
Business that have multiple offices will benefit from multiple agency.
This is because each office might need different marketing strategies and services, which can be hard to manage if you only work with one agency.
By having multiple agencies working for your business, it becomes easier to provide coverage in multiple regions at once!
A good example of this would be a multi-office restaurant chain or hotel group. They could use an online advertising company to help them increase their digital presence on the web while using local SEO companies for more targeted marketing in different cities.
This would help them reach a larger audience while still catering to the needs of their local customers!
Downsides of Multiple Agency:
1) Increased Costs:
One of the main downsides to multiple agency is that it can be more expensive.
This is because you'll need to pay for multiple services, and often times agencies will charge a higher price for multiple services.
2) Increased Complexity:
With multiple agency, things can get more complex.
This is because you'll have multiple people working on your campaigns, and it can be difficult to keep track of what everyone is doing.
This can lead to wasted time and money if not handled correctly.
3) Poor Communication:
The third downside of multiple agency is poor communication.
This can often happen when different agencies are working on the same project without proper coordination.
This can lead to a lot of confusion and conflict, which will ultimately hurt your campaigns.
4) Lack of Consistency:
The final downside to multiple agency is lack of consistency. This can happen when multiple agencies are working on the same campaign, but not in tandem with each other.
They may be doing similar tasks or activities which means that your brand will start to look unorganized and unclear- just like a multiple personality disorder!
5) Cultural Differences:
A final downside to multiple agency is cultural differences.
This can often happen when agencies are based in different parts of the world and have different working practices.
This can lead to a lot of misunderstandings which will ultimately hurt your campaigns!
6) Lack of Authority:
The final downside to multiple agency is the lack of authority. This can often happen when different agencies are working on your campaigns and they don't have a clear chain of command.
This happens when multiple people work on your campaigns, but not in tandem with each other.
They may be doing similar tasks or activities which means that your brand will start to look unorganized and unclear- just like a multiple personality disorder!
This can lead to conflict between agencies, and ultimately hurt your campaigns!
Conclusion:
Overall, multiple agency can be a great way to increase your marketing coverage while still catering to local needs.
However, there are several potential downsides that you need to be aware of before making the switch.
By understanding these risks, you can make sure that multiple agency works for you and your business!