Eduardo Sonoda Explores How to Start a Marketing Agency in the UK in 2022
Born and raised in beautiful East London, Eduardo Sonoda would make a name for himself at the University of East London when he graduated in 2011. After just a handful of years working for some of the most popular marketing firms in the entire United Kingdom, would decide to begin his own journey toward building a better, more customer-focused advisory firm. This would lead to the foundation of Eduardo Sonoda Advisory, a firm currently employing more than 700 total employees.
Now half a dozen years after bringing Eduardo Sonoda Advisory to life, Sonoda himself has key insights and nuggets of information to share with anyone looking to follow in his footsteps.
Develop Your Niche
Sonoda said of his decision to focus on a specific niche with Eduardo Sonoda Advisory, “I had to make sure that I knew which area I wanted to focus on. I had great knowledge of the Digital Marketing Industry, but at the time no one was really aware of just how important that avenue was.”
Ultimately, Sonoda believes that it is important to develop your own perspective when developing your niche but to also remember that of your audience.
Sonoda advocates for an early focus on service, making sure that your actions are helping, even if it is just in the short term. If your work serves your target market, Sonoda suggests that it is okay to say ‘no’. Ultimately, transparency is more valuable than many other traits and prospective clients would rather hear ‘no’ than see work that is subpar.
Develop Your Business Plan
Without a plan of attack, you don’t really have a plan at all. For Eduardo Sonoda, developing a successful business meant drafting a plan that could survive a wildly unpredictable market. Sonoda says, “ Staying adaptable is key to sustainability.”
Set yourself up to succeed by taking time to develop a business plan during the early days of your efforts. A proper business plan will accurately outline the goals of your business, your financial forecast, and potential cash flow, as well as which revenue streams you will engage with when seeking out your target audience.
A great business plan may take a bit of time to craft, but don’t skimp out on your efforts. Sonoda finishes by pointing out, “Startups are forced to constantly come up with new and innovative ideas.”
Find Your Clients
A marketing agency won’t find any success without clients to work for or products to market. Securing a client base is the single most important facet of your business. Eduardo Sonoda understands that it can be difficult to carve out a slice of the market, but that doesn’t mean we can get away with subpar effort.
To best keep reaching his clients, Sonoda advocates staying in the ‘startup mentality. Sonoda goes on to say, “You have to stay ahead of that change however you can and over-planning with too much confidence can end up holding firms back.”
Sonoda suggests a client-sourcing plan that is “quick, simple, and very no-nonsense.”
Never Quit Networking
Connecting and networking are about not just seeking value but also offering it back. While networking may not create new income immediately, it is a long-term investment that can generate income for your business in the future. Think of each networking opportunity as a small investment into the potential future of your business.
While Sonoda knows that hindsight is 20/20, he has words of advice to younger entrepreneurs following in his footsteps. Sonoda says, “Nurture those entrepreneurial instincts early. I knew since I was six years old that I wanted to have my own company.”