written by | October 25, 2022

The Best Agency Business Ideas in India You Need to Know

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Table of Content


Large companies might not have the time, resources, or staff to handle all of their responsibilities internally. The corporation routinely seeks assistance from organisations with various specialties to manage or build their business. Whether it's between clients and other businesses, customers, or members of the public, agencies usually serve as a link. In this blog, let’s discuss the many types of agency businesses and what an agency business is and what it does. The article will also provide insights about agency business ideas in India.  

Did you know? In an agency business model the consumers pays a fee for the services offered. 

Also Read: Learn About Starting a Small Business in India

The Best Business Agency Ideas

Listed below are a few agency businesses:

  • Online advertising agency
  • E-commerce marketing agency
  • Travel agency
  • Digital agency
  • Recruiting agency
  • Event management agency
  • Real estate management agency
  • Insurance agency
  • SEO agency
  • Branding agency

1. Online Advertising Agency

An online advertising agency provides company owners with various marketing services to help them reach their target clientele and increase sales of their goods and services.

Online advertising agencies offer a variety of services to assist companies in their strategic marketing and advertising decisions, including the design of ads, planning marketing campaigns, choosing the best platforms for interacting with the target audience, and performance analysis.

How much can one make

19 lakhs - 27 lakhs Per month

Skills required

Business savvy skills, self-motivation skills, writing & research skills

Initial investment

15 lakhs (approximately)

2. E-commerce Marketing Agency

Ecommerce firms help online sellers achieve their business goals by utilising their skills in marketing, technology, and design.

Working with an ecommerce agency allows online shops to start up new ventures or grow existing ones without having to hire full-time staff.

Since the ecommerce business is always changing, online merchants must keep up with the most recent developments to avoid falling behind their competitors. Striking a balance between producing goods, offering creative services, and attempting to grow their ecommerce enterprises may be quite difficult. Therefore, working with ecommerce companies is the brands' only option.

Starting an ecommerce agency might be a lucrative and fruitful business endeavour. If you want to start an ecommerce business, research the most recent trends and focus on honing your digital skills. You might focus on a certain market or provide them end-to-end services.

How much can one make

1.2 crores a year

Skills required

Technology centric skills, self-motivation skills, writing & research skills, customer service skills

Initial investment

8.5 lakhs (approximately)

Time to revenue

300 days

Business model

Consulting

3. Travel Agency

In your capacity as a travel agency, you'll be in charge of connecting tourists with suppliers of all travel- and tourism-related services, including lodging, transit, sightseeing, tour guides, local adventures, etc.

The process of opening an internet travel business is much simpler than you may imagine. You'll need to conduct market research, obtain certain prerequisite qualifications (such as your IATA (International Air Transport Association) number, analyse the competition, create a website, and implement effective marketing strategies. Generally B2B travel agencies having more than 150 clients look for investment. In order to start an agency, one needs to invest in licenses, marketing and travel software. To increase profits, bargain for discounts with industry service suppliers and charge visitors the going rate.

How much can one make

₹ 4,50,000 every year 

Business model

Consulting

 

4. Digital Agency

A digital agency's job is to help a company accomplish its advertising, marketing, or technological objectives. A successful digital marketing agency may be started and maintained by anybody with enough enthusiasm and tenacity. You may launch a prosperous digital firm if you have the appropriate skill set, equipment, and mentality.

In 2020, the market for digital agencies throughout the world was worth over ₹ 24,864,164,250. Because more people are generating and consuming information through digital platforms, the market for digital agencies is expected to increase rapidly in the future.

How much can one make

1.2 crores in a year (average)

Skills required

Writing & research skills, customer service skills, Design skills, SEO skills, Coding skills

Initial investment

26 lakhs (approximately)

Time to revenue

300 days

Business model

Consulting, Subscriptions

5. Recruiting Agency

A recruiting agency is one of the best online agency business ideas. Reviewing what clients have to say about a recruiting agency and the outcomes those clients receive is the most excellent approach to judge its level of success.

A recruiter aims to land their customer a job, but once they do, they realise it's just the beginning of what they hope will be a prosperous firm. Have you ever thought of starting a recruiting agency? There is a lot you can learn from books, but nothing compares to obtaining experience in the real world.

Also Read: 200+ Small Scale Business Ideas with Low Investment

How much can one make

1.1 lakhs to 4.5 lakhs a month

Skills required

Reliability skill, patience, Customer service skills, Communication skill

Initial investment

49 lakhs (approximately)

Time to revenue

300 days

Business model

Consulting

6. Event Management Agency

Whether it's a conference, a wedding, or a formal gathering, an event management company manages all the details before, during, and after the event. By overseeing personnel, budgets, and vendor connections, the event management company puts the event ideas into action.

In a few years, there will be an 18% increase in demand for event management services. A business in an event management firm can be the perfect fit for you if you enjoy planning social and commercial gatherings. Your networking chances are increased, your earning potential is enormous, and your creative abilities are developed in the event management industry.

Determine your event planning market or target audience before acquiring the essential knowledge and experience to start your own event management business. To increase the chances of business success, establish a large network and recruit resources.

How much can one make

21 lakhs per month

Skills required

Negotiation skills, flexibility, IT and social media skills

Initial investment

4- 7 lakhs (approximately)

7. Real-estate Management Agency

You'll be in charge of planning and carrying out marketing campaigns for customers in the real estate sector as a real estate marketing firm. This could entail activities like creating marketing collateral, running social media pages, and carrying out market research. This is an excellent online agency business idea

You'll need excellent people and marketing abilities to succeed in this industry. Additionally, you must feel at ease dealing with a wide range of clientele. Starting your own real estate marketing company may be a fantastic method to generate money in the real estate sector if you have these talents.

Real estate marketing professionals make a range of wages. The typical salary is roughly 21 lakh rupees, but depending on your education and amount of expertise, it may be as high as 50 lakh rupees per annum. 

The real estate marketing business is more well-known than ever thanks to the current trend of individuals looking for houses online. Real estate agents must collaborate with a marketing firm that is adept at doing this to successfully advertise a property online. Now the pattern is only anticipated to persist, thus this is a fantastic moment to enter the real estate marketing industry!

This is a wonderful business option for those with strong marketing skills. You get a chance to network and grow your business by working with various clients.

How much can one make

8 lakhs – 50 lakhs per year

Skills required

Advertising, sourcing, screening, organizing

Initial investment

5.6 lakhs (approximately)

8. Insurance Agency

According to insurance data, the business has been thriving recently and is expected to continue. The insurance industry is expanding as a result of improved interest rates, more investment income, and steady economic expansion. Additionally, during the epidemic, insurance firms accepted investments in technical and operational improvements, a decision that has contributed to the industry's success.

Maybe you wish to leave your 9 to 5 work as an insurance agent and begin a new chapter of self-employment. Or perhaps you're thinking about changing careers and think the insurance sector would be a good fit. Creating an insurance firm might be a terrific idea for a variety of reasons.

Building an insurance firm, though, is no easy undertaking. Make sure you have adequate equity, then prepare to put in a lot of effort and choose wisely.

How much can one make

7 lakhs per month (highest salary)

Skills required

Activeness, self-motivation skills, customer service skills,convincing skill

Initial investment

4 lakhs (approximately)

9. SEO Agency

An organisation that offers firms Search Engine Optimisation services is known as an SEO agency. An SEO company's job is to assist businesses in improving their organic or paid search engine rankings.

Experts in all facets of SEO are now earning six figures and anticipate that these salaries will increase significantly over the next few years. The sector is expanding quickly.

Before it becomes overly competitive, getting into SEO now will help you build a solid foundation for your new job and increase your chances of success.

More than ever, it's simple to launch an SEO agency. The resources are available, and the competition is not as fierce as it formerly was. It could be a good idea to research successful digital agencies if you're thinking about creating an SEO or digital marketing firm.

How much can one make

2.86 lakhs – 7.5 lakhs a month

Time to revenue

390 days

Initial investment

1 lakh (approximately)

10. Branding Agency

Before it becomes overly competitive, getting into branding now will help you build a solid foundation for your new job and increase your chances of success.

More than ever, it's simple to launch a branding agency. 

Opening a branding firm may be a successful and fulfilling business endeavour. To assist a company, tell its story or reflect its distinct values and culture, you must be able to weave together diverse bits of data and information into captivating tales.

How much one can make

2.5 lakhs – 1.7 crores per month

Skills required

Writing & research skills, Copywriting, UX design, multi-channel skill

Initial investment

13 lakhs (approximately)

Time to revenue

270 days

Business model

Consulting, subscription

Also Read: Best Entrepreneurship Skills to Learn in 2022

Conclusion

Millions of entrepreneurs are beginning their businesses due to the appeal of starting a small business in the industry of their choosing. In light of this, it is crucial to pinpoint the locations where small enterprises may flourish and expand. It is critical to research the investment, skills & expertise required before one starts any agency business. We hope by reading this blog, you have some information about the small agency business ideas. You can choose an appropriate option for your business.

Follow Khatabook for the latest updates, news blogs, and articles related to micro, small and medium businesses (MSMEs), business tips, income tax, GST, salary, and accounting.

FAQs

Q: What skills are needed in a marketing agency?

Ans:

Successful marketers use communication skills and time management to handle multiple task and these are most prominent.

Q: How to get some agency business name ideas?

Ans:

You can research, use a name generator or create totally new agency business name ideas before starting your business.

Q: What are some of the factors to consider before starting a business?

Ans:

Before starting a new business, the following factors need to be considered:

  • Choose a business venture. Every profitable company endeavour starts with a good concept. 
  • Carry out market research. 
  • Obtain startup finance. 
  • Fulfil your legal obligations. 
  • Understand your sales procedures.

Q: What are some of the other agency business ideas in India?

Ans:

Automobile repairs, tiffin service, private tutoring, pet care service, and home and office furniture are a few of the other business ideas.

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The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.
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Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.