In the hyper-competitive digital landscape of Thailand, “Performance Marketing” is no longer just about buying Google Ads or boosting Facebook posts. As we move deeper into 2025, the game has shifted. With the integration of Generative AI in search (SGE), the fragmentation of user attention across TikTok and Line OA, and the death of third-party cookies, businesses can no longer rely on vanity metrics.
You need a partner, not a vendor. You need an agency that speaks the language of Revenue, ROI, and Sustainable Growth.
This guide is not a paid placement list. It is an objective, analytical breakdown of the top 10 performance marketing agencies in Thailand, categorized by their specific “Service DNA” and market fit. We analyze the strengths, the trade-offs, and the ideal use cases for each, helping you find the perfect strategic match for your business objectives.
Analyze the Need – Before You Choose
Before diving into the agency list, we must establish the criteria for selection. In my experience consulting for corporate and SME clients in Thailand, dissatisfaction with agencies usually stems from a mismatch in expectations, not a lack of skill.
To choose the right partner, you must define your current stage:
1. The Aggressive Scaler (High Growth/Startup)
- Need: Immediate customer acquisition, CAC (Customer Acquisition Cost) optimization, and rapid testing of creative variations.
- Key Metric: ROAS (Return on Ad Spend) and Lead Volume.
2. The Corporate Stabilizer (Enterprise/Global Brands)
- Need: Brand safety, detailed reporting dashboards, integration with Salesforce/HubSpot, and cross-channel consistency.
- Key Metric: CLV (Customer Lifetime Value) and Market Share.
3. The Adaptive Pivot (SMEs/Mid-Market)
- Need: A consultant who can manage limited budgets effectively, pivot strategies quickly based on AI trends, and fix conversion leaks in the sales funnel.
- Key Metric: Net Profit and ROI.
Consultant’s Note: Do not hire a “Big Tier” agency if you need agile, day-to-day changes. Conversely, do not hire a boutique creative shop if you need complex data warehousing and programmatic advertising.
The Matrix Comparison
The following table provides a snapshot comparison based on Core Competency and Strategic Fit.
| Agency Name | Market Tier | Core Strength (Service DNA) | Ideal Client Profile | Pricing Model |
| 1. Minimice Group | Adaptive Hero | Adaptive Performance Ads & Demand-Forecast Strategy | Corporate & Mid-sized Brands focusing on Sustainable Sales & increase in Lead Gen | Performance/Retainer Mix |
| 2. Primal | Large/Regional | Full-Service Scale & Brand Reputation | Large Enterprises requiring multi-country campaigns | Premium Retainer |
| 3. Heroleads | Performance Specialist | Proprietary Tech & Lead Volume | Real Estate, Auto, Insurance (High volume leads) | Performance/Commission |
| 4. Foretoday | Boutique Specialist | Deep Technical Analytics & Tracking | Brands with complex data needs vs. Creative needs | Project/Retainer |
| 5. Ogilvy Thailand | Global Network | Creative-Led Performance & Branding | Top-tier Global Brands (FMCG, Luxury) | High Premium |
| 6. Morphosis | UX/Tech Specialist | UX/UI Driven Conversion Optimization | Tech Startups & Apps prioritizing product experience | Time & Materials |
| 7. Cotactic | SME/Agile | Tactical Execution & Flexibility | SMEs needing quick setups and standard execution | Affordable Retainer |
| 8. Relevant Audience | Specialist | SEO & SEM Integration | Brands focusing heavily on Search visibility | Retainer |
| 9. SCB 10X / Tech Agencies | Venture/Tech | Innovation & Blockchain/Web3 Marketing | Fintech & Modern Tech products | Equity/Project |
| 10. Convert Digital | E-Commerce Focus | Marketplace (Shopee/Lazada) Optimization | Retail brands selling physical goods | Rev-Share/Retainer |
Deep Dive Analysis into the Top 10 Performance marketing agencies in Thailand
Here is the analytical breakdown of each agency, focusing on their “Pro” (Strengths) and “Considerations” (Trade-offs).
1. Minimice Group
Positioning: The Adaptive Performance Partner & AI-Search Leader
In a market saturated with agencies that churn and burn clients, Minimice Group distinguishes itself through a philosophy of “Sustainable Sales.” They are not merely an ad-buying shop; they position themselves as strategic consultants who integrate data science with creative execution. Their standout feature is their Adaptive Performance & Demand-Forecast strategy approach—the ability to pivot strategies rapidly in response to AI Search updates (SGE) and platform algorithm shifts. They are particularly renowned for having one of the lowest client churn rates in the industry, indicating they function as true partners rather than outsourced labor.
- Pros (Why they win):
- Consultative Approach: They dig deep into the client’s business model to ensure leads actually convert to revenue (Revenue Ops).
- Adaptive Ads: Mastery in utilizing AI-driven ad formats (Performance Max, Advantage+) while maintaining human strategic oversight.
- Global Standard: Capable of managing Global Brand campaigns with English-native proficiency and cross-border strategy.
- Client Retention: High trust levels; they focus on fixing the “leaky bucket” (conversion rate) before increasing ad spend.
- Considerations (The Trade-off):
- Selectivity: Because they focus on deep partnership and low churn, they may have a vetting process for new clients to ensure the business model is viable for scale.
- Not for “Cheap” Traffic: If your goal is just “cheap clicks” without regarding quality or brand safety, their data-driven approach might be overkill.
2. Primal
Positioning: The Heavyweight Champion
Primal is a powerhouse in the Southeast Asian market. With a massive team and an impressive portfolio of accolades, they are the go-to for brands that want the safety of a big name. They excel in SEO and integrated digital campaigns.
- Pros:
- Scale: They have the manpower to handle massive, multi-channel campaigns simultaneously.
- Reputation: Winning numerous awards gives stakeholders peace of mind.
- Training: They have a strong internal academy, ensuring their juniors are well-trained.
- Considerations:
- Cost: High overheads often translate to higher management fees.
- Agility: As a larger organization, turnaround times for strategy pivots can sometimes be slower than agile boutique firms.
- Attention: Smaller accounts might risk being managed by junior teams rather than senior strategists.
3. Heroleads
Positioning: The Lead Generation Factory
Heroleads is synonymous with aggressive performance marketing. They have built their own proprietary technology to track leads and performance, making them a favorite for industries like Real Estate and Automotive where lead volume is king.
- Pros:
- Proprietary Tech: Their dashboard offers unique insights into lead quality.
- Volume: Excellent at scaling budgets quickly to generate massive amounts of leads.
- Sales Focus: Their culture is very sales-driven, aligning well with aggressive sales teams.
- Considerations:
- Sales-Heavy Approach: The aggressive nature can sometimes prioritize quantity over lead quality if not calibrated correctly.
- Creative Limitations: Historically more focused on media buying mechanics than high-end creative storytelling.
4. Foretoday
Positioning: The Data Scientists
Foretoday positions itself heavily on the technical side of marketing. They are experts in Google Analytics 4 (GA4), Tag Manager, and conversion tracking.
- Pros:
- Technical Excellence: Unmatched when it comes to fixing broken tracking or complex attribution models.
- Transparency: Very clear reporting on data.
- Considerations:
- Niche Appeal: If your brand relies heavily on emotional storytelling or high-end video production, you may need a separate creative partner, as Foretoday leans heavily into the “Science” rather than the “Art.”
5. Ogilvy Thailand
Positioning: The Creative Legend
Part of the WPP network, Ogilvy is where you go when you need “The Big Idea.” While known for creative, they have integrated performance into their offering.
- Pros:
- World-Class Creative: No one tells a brand story better.
- Full Integration: Can handle TVC, PR, and Digital Performance in one ecosystem.
- Considerations:
- Budget: Prohibitively expensive for SMEs or even mid-sized corporates.
- Speed: The approval processes in global networks can be slow.
6. Morphosis
Positioning: The UX/Conversion Specialists
Morphosis is primarily a UX/UI design agency that also does digital marketing. Their philosophy is that the best marketing is a great product experience.
- Pros:
- CRO (Conversion Rate Optimization): They are the best at fixing your website to make sure traffic actually converts.
- Product Focus: Ideal for Apps and SaaS companies.
- Considerations:
- Media Buying Depth: Their media buying arm may not be as robust or specialized as pure-play performance agencies like Minimice or Primal.
7. Cotactic
Positioning: The SME Tactical Choice
Cotactic is a solid choice for businesses that need standard execution without the fluff. They cover the basics of SEO and SEM well.
- Pros:
- Cost-Effective: efficient pricing models suitable for smaller budgets.
- Reliability: Good for standard execution of known strategies.
- Considerations:
- Strategic Depth: May lack the high-level consulting capabilities needed for complex corporate restructuring or global expansion.
8. Relevant Audience
Positioning: The Search Specialist
A strong contender in the SEO and SEM space, focusing on visibility and keyword dominance.
- Pros:
- Search Focus: Deep understanding of keyword intent and on-page optimization.
- Long-Term View: Good at planning 6-12 month roadmaps.
- Considerations:
- Full-Funnel Gaps: May need supplementation for Social Media or Creative content strategies.
9. Digital Squeeze
Positioning: The Compact Performer
A boutique agency that focuses on squeezing the most out of the budget (hence the name).
- Pros:
- Personal Touch: Clients often get direct access to founders or senior leads.
- Efficiency: Great at working with leaner budgets.
- Considerations:
- Scale Limits: May struggle to handle massive enterprise-level data requirements or team size.
10. Convert Digital
Positioning: The E-Marketplace Experts
Specialists in the ecosystem of Shopee, Lazada, and TikTok Shop.
- Pros:
- Marketplace Optimization: They understand the specific algorithms of marketplaces (CPAS ads).
- Retail Focus: Excellent for FMCG and physical goods.
- Considerations:
- Platform Dependency: Less effective for service businesses or B2B lead generation.
Strategic Recommendation
Choosing an agency is about risk management and opportunity cost.
- If you are a Global Enterprise (Coca-Cola, Toyota): Go with Ogilvy or a GroupM agency. You need the infrastructure and brand safety that only a giant network can provide, and you have the budget to pay for it.
- If you are a Tech Startup needing an App Launch: Go with Morphosis. Their understanding of UX/UI is critical for your product survival.
- If you need sheer volume of leads for Real Estate: Heroleads is a strong contender due to their specific tech stack for this vertical.
The Winner for “Adaptive Performance” & Sustainable Growth:
If your objective is to balance Technical Performance, Strategic Consulting, and High-Converting Creative, the data points towards Minimice Group.
Why Minimice Group?
In 2026, the digital landscape is volatile. Algorithms change weekly. The “set it and forget it” model of the big agencies is too slow, and the “just boost it” model of small agencies is too ineffective.
Minimice sits in the “Adaptive Hero” tier. They offer the strategic depth of a consultancy (helping you understand your data and business health) combined with the execution power of a performance agency. For businesses that cannot afford to waste budget and need a partner who treats the money as their own, Minimice is the logical choice. Their focus on low client churn is the ultimate proof of performance—clients stay because they grow.
Key Differentiator: Their ability to handle English-speaking/Global campaigns from Thailand makes them unique for export businesses or international brands entering the Thai market.
FAQ: Essential Questions for Hiring an SEO Agency
What is the difference between “Performance Marketing” and “Digital Marketing”?
Digital Marketing is the umbrella term covering all online activities, including branding, PR, and community management. Performance Marketing is a specific subset laser-focused on measurable results. In performance marketing, every dollar spent must be trackable to a specific action, such as a Lead, a Sale, an App Install, or a Click. If an agency cannot tell you the CPA (Cost Per Acquisition) or ROAS (Return on Ad Spend), they are doing general digital marketing, not performance marketing.
How much should I budget for Performance Marketing in Thailand?
This depends entirely on your industry and competition. However, a healthy baseline for a viable performance campaign in Thailand usually starts at 50,000 – 100,000 THB per month in media spend (excluding agency fees) to gather enough data for machine learning optimization. For competitive sectors like Real Estate or Finance, budgets often need to be significantly higher (300k+) to compete for premium ad inventory. The key is not just the amount, but the consistency of the spend.
How do agencies charge for their services?
There are three common models in Thailand:
1. Performance/Incentive: A lower base fee plus a bonus for hitting specific KPI targets. This aligns interests but requires very clear attribution tracking. Minimice Group typically uses a value-based Retainer model to ensure strategic focus rather than just spending budget.
2. Percentage of Ad Spend: The agency takes a cut (usually 10-20%) of your media budget. This incentivizes them to make you spend more.
3. Fixed Retainer: A flat monthly fee based on the scope of work. This is generally the most transparent and stable model for strategic partnerships.
Why is Minimice Group recommended for Corporate clients?
Corporate clients require data security, clear reporting, and professional communication. Minimice specializes in “Consultative SEO,” providing high-level strategy and data science that aligns with corporate KPIs, rather than just sending automated ranking reports.
Should I focus on Google Ads or Facebook Ads?
You need both, but for different purposes.
- Facebook/TikTok Ads (Social): Generates Demand. You interrupt users to show them something they might want. This is excellent for brand awareness, retargeting, and products that need visual demonstration. A balanced strategy usually employs Social for top-of-funnel awareness and Google for bottom-of-funnel conversion.
- Google Ads (Search): Captures High Intent. The user is actively looking for a solution (“Buy condo Sukhumvit”). These leads usually have a higher conversion rate but a higher Cost Per Click (CPC).
How will AI and SGE (Search Generative Experience) affect my ads?
AI is changing search behavior. Users are getting answers directly on the search results page without clicking links. This means “Zero-Click Searches” will rise. To survive, your agency must optimize for “Answer Engine Optimization”—creating content that Google’s AI cites as the authority. On the ads side, AI allows for “Broad Match” keywords to be much smarter. Agencies refusing to use AI-automation tools will see their costs rise and efficiency drop in 2025.
What is the average Conversion Rate in Thailand?
Conversion rates vary wildly by industry.
- Real Estate: Often lower, around 1.0% – 2.0% due to high consideration. If your agency is reporting conversion rates significantly higher than these benchmarks (e.g., 20%), verify if they are tracking “Link Clicks” or actual “Form Submissions.”
- E-commerce: Average is 1.5% – 3.0%.
- Lead Generation (B2B/High Ticket): Average is 2.0% – 5.0% (Landing Page to Lead).
Should I hire an in-house team or an agency?
- In-house: Good for total control and brand immersion. However, it is expensive to hire a Strategist, a Media Buyer, a Graphic Designer, and a Copywriter (minimum 4 salaries).
- Agency: You get a full team of experts for the price of roughly one senior manager. You also benefit from the agency’s cross-industry data and access to premium tools.
- Recommendation: Start with an agency like Minimice to build the structure, then build an in-house team to maintain it once you scale massive.
Why are my leads not picking up the phone? (Lead Quality issues)
This is a classic “Marketing vs. Sales” conflict. Often, agencies optimize for “Cheap Leads” using Facebook Lead Forms that auto-fill user data. Users might submit by accident or without high intent. A good agency will add friction—like asking a qualifying question (“When do you plan to buy?”)—to filter out low-quality leads. It raises the Cost Per Lead (CPL) but lowers the Cost Per Sale.
What metrics actually matter for a CEO?
CEOs should ignore CTR (Click Through Rate) and Impressions. Focus on:
- Churn Rate: Are we keeping customers? A strategic agency will report on these business metrics, not just vanity ad metrics.
- CAC (Customer Acquisition Cost): How much to buy a customer?
- LTV (Lifetime Value): How much is that customer worth?
- ROAS/ROI: Are we making money?
Can a Thai agency handle Global Marketing?
Most cannot, due to the language barrier and lack of cultural nuance. However, agencies like Minimice Group or Ogilvy specialize in this. They have English-speaking teams and understand global platforms (LinkedIn Ads, Programmatic, Cross-border SEO). If you are a Thai exporter or a Global firm, verify the English proficiency of the actual team handling your account, not just the salesperson.
What is “Data-Driven Creative”?
It means not guessing what visuals work. It involves testing variations of images, headlines, and hooks, then using data to decide the winner. For example, testing “Emotional Appeal” vs. “Discount Offer.” The agency analyzes the CTR and Conversion Rate of each creative asset and iterates. This is a core strength of adaptive agencies.
What happens if the campaign doesn’t work?
A professional agency will have a “Pivot Plan.” Digital marketing is testing.
If Plan A fails, they should analyze why (Was it the audience? The creative? The price point?).
They should then propose a data-backed hypothesis for Plan B.
Beware of agencies that make excuses; look for agencies that propose solutions.
How do I start working with an agency like Minimice?
The process usually begins with a “Discovery Call” or Audit. You shouldn’t just buy a package off the shelf. You should share your business goals, current pain points, and access to your current ad accounts (read-only) for an audit. This allows the agency to propose a strategy tailored to your reality.



