Is SMMA a good business model to start

[Lochlan]

Im 15 and trying to decide on a business model to start, I'm leaning towards SMMA at the moment because even if it does not work out I'll have a good foundation in marketing for when I start another business (like a internet business). I ran it by the 5 commandments in the millionaire fast lane and it seemed ok but did not pass the commandment of entry (as its relatively easy to get into part of the reason why I want to go with it) I also don't understand how I can exit from it and make it relatively passive/separate its results from my time (commandment of time). The industry multiplier I remember seeing in the book was around 1.5x which seems quite low compared to other multipliers (however when I googled it I got results saying 8x EBOTDA whatever that means and even .78x so I don't know). Theres also a lot of gurus who seem very trusted like Gary Vanderchuc and Iman Gadhzi. I tried running it by the WADM but I keep seeing "Shiny objects" ( business models that look great) and wanting to follow them but keep getting left where I started chasing another business model, So I just wanna find a business model that is relatively decent and start it and work on it it for the next 5 years or so. So in summery is SMMA Fastlane or can it at least be made Fastlane?

 

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[Lochlan]

Im 15 and trying to decide on a business model to start, I'm leaning towards SMMA at the moment because even if it does not work out I'll have a good foundation in marketing for when I start another business (like a internet business). I ran it by the 5 commandments in the millionaire fast lane and it seemed ok but did not pass the commandment of entry (as its relatively easy to get into part of the reason why I want to go with it) I also don't understand how I can exit from it and make it relatively passive/separate its results from my time (commandment of time). The industry multiplier I remember seeing in the book was around 1.5x which seems quite low compared to other multipliers (however when I googled it I got results saying 8x EBOTDA whatever that means and even .78x so I don't know). Theres also a lot of gurus who seem very trusted like Gary Vanderchuc and Iman Gadhzi. I tried running it by the WADM but I keep seeing "Shiny objects" ( business models that look great) and wanting to follow them but keep getting left where I started chasing another business model, So I just wanna find a business model that is relatively decent and start it and work on it it for the next 5 years or so. So in summery is SMMA Fastlane or can it at least be made Fastlane?

Sorry didn’t search SMMA first in the forum I understand now it’s generally considered to be dead now and just used for get rich quick schemes (at least I think still trying to figure out this forum) I saw some people said it is worth while if you can provide genuine help to businesses so I might start it then build out from it like make a leads platform in my niche

 

[James Klymus]

RANT - SMMA: The Fool's Gold

(Warning: Long-winded post about SMMA ahead. Continue at your own peril.) I can't help but notice a trend... There must be some huge promos going out in the biz opp space right now that makes everyone and their mother think it's a good idea to start a social media marketing agency. First...

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