- Joined
- Oct 28, 2015
- Messages
- 1,056
- Location
- Puerto Vallarta, Mexico
Rep Bank
$2,940
$2,940
User Power: 467%
Just a week or two ago, I created a new business that was based on a transfers of skills I've acquired over the last 5 years and a built-in customer base.
To summarize, I've learned a lot about SEO from my product-based company. So much so, that people started asking me to help them.
A service-based business is always something that I wanted to do. It caters to my skillsets. Except I thought it would be in construction, not SEO. But sometimes the world choses your path for you.
There is a sort of underrated appeal of service-based companies. Cash flow is amazing and you can get by with little to no advertising if you just do an amazing job. This type of model is good if you are strapped for cash or if you need to draw a salary early from a business.
Many product businesses have a cashflow foot print that is uncomfortable at times. The main problems have to do with consistently funding new inventory for growth (forcing you to defer things you might not want to defer) and payment terms with larger customers.
***
It started with one client that has 200 employees and does huge business and just a few days later, I'm up to five clients.
The premise of the business cannot be more simple, but we are doing the things that nobody wants to do consistently and we are doing them exceptionally well.
Right now the clients are a mix of local services, product-based, and media.
These beginning clients will serve as a test to see where I should put my focus to prospect more customers. And I'm only bringing on customers where I know the likelihood of success is nearly 100%.
Everyone who signed on knows me and trusts me to do a good job for them.
The difference in this and what I have done in the past is really my conviction and confidence.
The value for the service is 5 to 1 (or more) right now with an incentive-based / grow-with-you cost structure.
There are well-known agencies charging at least 4-5x more (flat rate) for only one aspect of my service without any accountability. I've used many of them in the past and I know what I am doing is better.
With true conviction I know the system works and I think this is going to emanate in sales calls.
I'm creating this thread for accountability, process, and mindset purposes but my goal is to surpass my product business in sales by same time next year.
The next steps are focusing on the top of funnel / sales process right now as everything on the service side is already systematized to the point of redundancy.
Shot out to a few members who have had the most impact on me; @MJ DeMarco @ZCP @SteveO @Ravens_Shadow
To summarize, I've learned a lot about SEO from my product-based company. So much so, that people started asking me to help them.
A service-based business is always something that I wanted to do. It caters to my skillsets. Except I thought it would be in construction, not SEO. But sometimes the world choses your path for you.
There is a sort of underrated appeal of service-based companies. Cash flow is amazing and you can get by with little to no advertising if you just do an amazing job. This type of model is good if you are strapped for cash or if you need to draw a salary early from a business.
Many product businesses have a cashflow foot print that is uncomfortable at times. The main problems have to do with consistently funding new inventory for growth (forcing you to defer things you might not want to defer) and payment terms with larger customers.
***
It started with one client that has 200 employees and does huge business and just a few days later, I'm up to five clients.
The premise of the business cannot be more simple, but we are doing the things that nobody wants to do consistently and we are doing them exceptionally well.
Right now the clients are a mix of local services, product-based, and media.
These beginning clients will serve as a test to see where I should put my focus to prospect more customers. And I'm only bringing on customers where I know the likelihood of success is nearly 100%.
Everyone who signed on knows me and trusts me to do a good job for them.
The difference in this and what I have done in the past is really my conviction and confidence.
The value for the service is 5 to 1 (or more) right now with an incentive-based / grow-with-you cost structure.
There are well-known agencies charging at least 4-5x more (flat rate) for only one aspect of my service without any accountability. I've used many of them in the past and I know what I am doing is better.
With true conviction I know the system works and I think this is going to emanate in sales calls.
I'm creating this thread for accountability, process, and mindset purposes but my goal is to surpass my product business in sales by same time next year.
The next steps are focusing on the top of funnel / sales process right now as everything on the service side is already systematized to the point of redundancy.
Shot out to a few members who have had the most impact on me; @MJ DeMarco @ZCP @SteveO @Ravens_Shadow
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
