Austin-Based Effective Spend Named Among Fastest Growing Companies on the Inc 5000
On August 12, 2020, Austin-based, Effective Spend, was named among the fastest growing companies on the Inc. 5000.
This is Effective Spend’s 2nd year in a row to make this prestigious list, and the company is one of only 34 Advertising & Marketing Agencies in Texas recognized this year. The company moved up 270 spots from its 2019 ranking, landing at #3412 on the 2020 rankings. Earlier this year, Effective Spend was also recognized on Inc.’s list of the Top 250 Texas Companies.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at https://www.inc.com/inc5000/2020.
Effective Spend has seen exponential revenue growth of 110% over the last three years and has grown its full-time team by 156%. During that time, the agency has focused on expanding its service offerings to include creative design and video animation, Amazon marketing and digital PR in addition to its core PPC and SEO services.
“What sets us apart from other digital marketing agencies is that we keep a focus on providing real ROI to our clients and a commitment to the highest quality,” said Founder & CEO, Brian Wulfe.
Effective Spend prides itself on being a non-traditional agency. Unlike many digital agencies, our media managers manage full-funnel, cross-channel media campaigns for their clients rather than being siloed within a single media channel. This allows the team to more effectively optimize strategy and budget toward the channel mix that will yield the best performance for our clients. Additionally, our media managers work directly with their clients rather than communicating through an account service team. This ensures that the team remains aligned with client goals and that performance and client needs don’t get lost in translation.
Despite the challenges of the COVID pandemic, the company has continued to grow throughout 2020. The company’s diverse client portfolio, ranging from B2B SaaS companies to consumer brands to education, has helped insulate Effective Spend from the decline that many other agencies are experiencing due to the pandemic. In fact, the company has added 8 new job openings since March.
Later this year, Effective Spend will be expanding its operations to Los Angeles, California, opening its first satellite office there. The agency expects to see continued growth throughout 2021 and is on track to make the Inc. 5000 for a third time next year.
About the Inc. 5000
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success.?
As a whole, the 2020 Inc. 5000 companies achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.??
The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses.?
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million.