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"A Marketing... PR Strategy for a Slowing Economy". Part
2
basis. Most traditional tech agencies have pricing and
business models that are not designed to accommodate these needs, but
smaller ("boutique") agencies, virtual PR teams, and individual practitioners
are a growing alternative for companies of all sizes, particularly those
with monthly marcom budgets under $10,000. Like their clients, these
outsources have to work smarter, faster, and cheaper in a slowing economy.
Working on a project basis usually goes against the
grain of the profit models of larger agencies. Downtown offices with
skyline views, employee salaries, benefits, and equipment are all overhead
costs that must be passed along to the client. Large agencies need steady
retainers to make sure financial goals and obligations are met. They
may offer prestigious addresses and recognizable names, but the actual
account work is often performed by young, inexperienced, staffers.
In adapting to market changes, agencies are starting
to resemble consulting firms, and smaller clients are again desirable
as
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