A modeling agency is a company that represents fashion models, to work for the fashion industry.
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These agencies earn their income via commission, usually from the deal they make with the model and or the head agency.
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The top agencies work with big-budget advertising agencies and fashion designers.
An advertising agency is a service based on advertising business dedicated to creating, planning, and handling advertising and sometimes other forms of promotion and marketing in a promotion for its clients.
Fashion design is the art of application of design and aesthetics or natural beauty to clothing and accessories.
They invest money into developing their talent so they can increase their status within the industry.
These top agencies will help train models, get test shoots, layout portfolios, and put together comp cards and other printed materials models need.
A comp card is a marketing tool for actors and especially models.
The agencies find work for models by presenting them to designers, photographers, and ad agencies.
The agencies are also responsible for booking the jobs, billing for the jobs, and eventually paying the models for their time.
By handling the details, an agency allows a model to focus on modeling and not on the business end.
Because modeling is a very competitive, fast moving business that extends beyond the traditional 9 AM to 5 PM business hours, an agency generally conducts business 24 hours a day, to handle emergencies such as cancellations or rush jobs.