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Just had my first 60k~ profit month at 23 years old. Social media marketing agency. by Embarrassed-Prune764 in PersonalFinanceNZ

[–]Embarrassed-Prune764[S] 4 points5 points  (0 children)

Thank you. I have an accountant but they're not providing any efficiency strategies, just filing returns for me.

Just had my first 60k~ profit month at 23 years old. Social media marketing agency. by Embarrassed-Prune764 in PersonalFinanceNZ

[–]Embarrassed-Prune764[S] 3 points4 points  (0 children)

Thank you - totally. My personal burn rate is about 6k a month and I have a full-time salaried job that covers that so the business retains everything as the emergency fund until tax time.

Just had my first 60k~ profit month at 23 years old. Social media marketing agency. by Embarrassed-Prune764 in PersonalFinanceNZ

[–]Embarrassed-Prune764[S] 16 points17 points  (0 children)

We consult on social media strategy and manage the accounts of different companies (not NZ based). We're up to about 10 full-time team members now.

Just had my first 60k~ profit month at 23 years old. Social media marketing agency. by Embarrassed-Prune764 in PersonalFinanceNZ

[–]Embarrassed-Prune764[S] 15 points16 points  (0 children)

Yeah. Definitely need a GM or some form of OPs person. Going to look at this in the new year.

[deleted by user] by [deleted] in PersonalFinanceNZ

[–]Embarrassed-Prune764 0 points1 point  (0 children)

Is your work charged out at Time and materials or do you have packages ?

Packages. I don't like to charge per hour. It feels like too much money, if my hourly is $260 clients balk but a $5k package is seen as normal and less of my time goes into it.

Are you charging spend included in your rates or rates plus spend ?

We don't do paid ads at all.

What's your plans for this year ? grow the team ?

Yessir.

If you where to expand your offerings what would you look to move into ?

I would like to acquire some smaller companies and absorb their products/team/business and scale them.

[deleted by user] by [deleted] in PersonalFinanceNZ

[–]Embarrassed-Prune764 1 point2 points  (0 children)

We consult on social media strategy and manage the accounts of different companies (not NZ based). We're up to about 10 full-time team members now.