Matt Weinberg, co-founder of digital agency Vector Media Group, breaks down the revenue mix between ad spend management and web design/development.
0:00 / 0:08exact quote · 8.8s
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“That's actually, that, that part of our business is about 30% of our business. The rest of it is, the majority of the business is really the web development and the web design piece.”
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More from Matt Weinberg
Disclosure
Weinberg: Vector Media Group's average retainer is 50 to 100 hours monthly
“Average retainer is between, I'd say, 50 and a hundred hours a month.”
Matt WeinbergMar 30, 2016▶ 7:19This Media Agency Does $6m in Revenue with 32 Employees With Matt Weinberg of Vector Media Group EP 211
Disclosure
Weinberg: Vector Media Group did about $6 million in revenue in 2015
“Yeah. So last year we did about six million dollars in revenue.”
Matt WeinbergMar 30, 2016▶ 8:53This Media Agency Does $6m in Revenue with 32 Employees With Matt Weinberg of Vector Media Group EP 211
Disclosure
Weinberg: Vector Media Group charges 9% to 12% of ad spend
“It ranges between nine and 12% depending on the spend.”
Matt WeinbergMar 30, 2016▶ 4:10This Media Agency Does $6m in Revenue with 32 Employees With Matt Weinberg of Vector Media Group EP 211
Disclosure
Weinberg: Vector Media Group charges around $180 per hour for development
“You know, our rate is around a 180 dollars an hour. So if you're buying a hundred hours, it's about 18,000 dollars a month.”
Matt WeinbergMar 30, 2016▶ 8:04This Media Agency Does $6m in Revenue with 32 Employees With Matt Weinberg of Vector Media Group EP 211
Disclosure
Weinberg: The vast majority of Vector Media Group revenue is hourly based
“On development and on development, we sell by hours. On marketing, we really sell by percentage of spend or more of a retainer model. Design is kind of hourly based, but it's kind of retainer. It's a little bit of a mix, but yeah, I would say the vast majority…”
Matt WeinbergMar 30, 2016▶ 8:20This Media Agency Does $6m in Revenue with 32 Employees With Matt Weinberg of Vector Media Group EP 211
Insight
Weinberg: Clients underestimate post-launch changes and should reserve budget for feedback
“And I think a lot of times people underestimate how much their ideas change post-launch. You know, we always want to make sure the client leaves some of their budget for post-launch because as soon as you start getting real customers using it, they're going to…”
Matt WeinbergMar 30, 2016▶ 11:53This Media Agency Does $6m in Revenue with 32 Employees With Matt Weinberg of Vector Media Group EP 211
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