When Should You Consider Hiring A White Label Marketing Agency?
Online marketing includes several strategies such as content marketing, SEO, PPC, social media marketing, email marketing, affiliate marketing, and lead generation. However, most digital marketing agencies and startups are proficient in just one or two streams, making it difficult for them to efficiently handle all the varied activities.
It is why many reputed brands are now choosing white label agencies for their marketing requirements. There are many advantages of outsourcing to a white label agency and reselling their ready-made solutions to your clients after branding them as your own.
Some of the primary benefits include:
- It saves you time, money, and effort. It allows you to cut time and cost incurred in recruiting and maintaining experts and training new hires
- It enables you to create new revenue streams for your agency
- It allows you to focus on your core strengths and business activities by taking care of all else
However, collaborating with a white label company can be tricky if, as a business, you are resistant to change, fear losing control, and are inflexible to new ideas and ways of working. But hiring white label services can do wonders for your business, especially if you are facing the following challenges:
1. You Want to Expand Business Services Across Domain
Because of market uncertainties and unpredictable product life cycles, businesses are advised to grow fast and lean, to scale up or pivot. They need to expand if a new business opportunity arrives. However, most companies cannot capitalize on such opportunities because of many bottlenecks, such as lack of staff, infrastructure, and expertise in a niche field.
For instance, you run a digital marketing agency, and you get a bulk order to develop websites and apps. You can’t take on this opportunity if you do not have the trained workforce to provide the requested services. A white label agency can help here. You can outsource web and app development to a white label website design agency proficient in it and provide other services your client requires using in-house teams. This way, you can retain the client and expand the contract’s ticket size.
2. You Don’t Have the Budget to Hire Additional Workforce
Most startups and small businesses have budget constraints. So, they hire only a few employees to run in-house operations. When such a company wins a series of contracts to provide specialized services, it will struggle to meet the requirements with its small in-house teams.
In such a situation, instead of wasting time, effort, and money on running aggressive recruitment campaigns, the company should hire a white label agency that specializes in the needed field. Investing in hiring bigger teams can be overkill for a startup, especially given the market’s fluctuating demand.
3. You Can’t Deliver the Quality Your Clients Want
Sometimes, you don’t have in-house staff to provide the kind of quality service your client seeks in addition to the existing services you provide. For instance, suppose you offer social media marketing services. In that case, your client may also need you to arrange a copywriter to write their website blogs in sync with their social media branding. It can be highly time-consuming and tedious to hire an expert copywriter.
Moreover, it may not be a sensible business decision to hire people for this position permanently when copywriting is not one of your primary services. Hiring a white label copywriting service can be the best option in this case.
4. You are Failing to Meet Your Business Goals
Startups often struggle with operations and meeting their business goals and revenue targets. In such a situation, it becomes crucial to keep the company afloat. Though they may be good at running their core business operations, most startup owners find it challenging to identify and plug loopholes. A white label agency can assess the underlying issues and bring in the much-needed fresh perspective. It will help you identify areas that need improvement and implement new strategies to put your business back on track.
5. Your Business is Not Growing
It’s a major red flag when a company stops growing. During the pandemic, many companies that were either not growing or were operating at a steady pace with a limited number of clients went entirely out of business and had to pause operations.
It happens when there is a slump in demand or during economic downturns. The situation may aggravate if you don’t have a sound strategy in place to face it. As your existing clients leave, your revenues plummet. Partnering with a white label marketing agency is the best way to navigate such sticky situations as it allows you to expand operations and build cash reserves. The support of financially strong clients during lean business periods keeps small businesses afloat.
White labeling is a highly cost-effective business practice. It is also the most feasible solution when your business is struggling with fluctuating demand and market uncertainties. It allows you to stay agile and expand business operations without compromising on client satisfaction and service quality. However, you should do thorough research before hiring a white label agency. It should be competent, experienced, accountable, and have a successful track record of delivering quantifiable results.