Charlotte, NC
$95,000
Communication companies assist clients with things such as public relations, customer communications, and marketing campaigns. They may act as advisors, telling businesses how to appeal to their target audience more effectively. They can also handle communications directly, coordinating things such as e-mail campaigns and brand identity.
Advertising companies focus primarily on ad design and implementation for radio, print, web, TV and other avenues. Marketing businesses have a broad scope, creating content such as blogs, articles, social media posts, web pages and ads for print publications and online. There are approximately 13,000 advertising agencies in the United States. They handle different types of business communication and marketing services, employing over 260,000 people around the country.
Marketing is an essential service for companies around the United States. Businesses need their brand to be recognized and liked. They need consumers to know about products and have a desire to purchase them. Buying communication and media businesses for sale can be a great way to dive headfirst into this active industry. Ad agencies in the U.S. generate over $50 billion a year in revenue, and growth continues strong at around 4% annually. This can represent an excellent opportunity for entrepreneurs.
Before you decide to buy a communication and media business, it’s important to study your local market. Places with lots of large companies and small businesses may be ideal for a PR firm or marketing company. Of course, if your business model focuses mainly on digital marketing and online content, you can work with companies around the U.S. and even internationally.
Another thing to consider is the amount of competition present. Businesses with a large number of current customers may have an advantage over fresh startups that still have to make a name for themselves. For large-scale marketing projects, owners generally need to hire staff to manage, produce, edit and implement content, and finding the right talent is often essential for success.