Entrepreneur. CMS & membership website expert.
Sorry that I don't have a specific answer to your question but I have extensive WP membership experience and work with with Memberium/IS with two clients. If you're interested in chatting you can schedule a call to discuss your needs.
Unique Insights, Creative Solutions
The answer is "it depends". It depends on the following: 1) Your current 'runway': [How much money you have saved + Your current recurring income - Your current expenses]. 2) How much money it would take to develop a 'minimal viable product' (MVP) that would allow you to test your idea. (i.e. would it require 0.1% of your savings + income, or would it by 50%) 3) How much potential you think your idea has. Usually, the cost of #2 is something that can be made _much_ cheaper than you might initially imagine. This can be done by truly understanding what the core 'value proposition' is that you want to test, and understanding very affordable, minimalist techniques that will allow you to develop a product capable of testing it with potential customers. I've done this many times in the past, and it has allowed me to rapidly test out and iterate many ideas with very small capital investment needed. Again, the answer depends on understanding the details of the previously listed issues #1, #2, and #3 above. If you'd like to discuss the specifics of your idea and whether an MVP could possibly be quickly and cheaply created and tested, either do some online research on potentially cheap and easy tools that might help out, or let me know, I'd be happy to help, best, Lee
Customer Development
6
Answers
Fractional CTO
Speak at Co-Work offices + Tech Meetups + Tech Conferences. Give 100 talks (easier than you think) + monitor your App usages every 10 talks. If people flock to your App, then just keep giving talks. If they don't, then either your App requires retooling or your messaging/explanation requires retooling. Be sure that you (or person speaking) has the ability to speak about tech topics in understandable terms.
Fractional CTO
Ugh. Investors. Here's the harsh or maybe happy truth. If your Startup offering (product, service, information, courseware, consulting, etc) provides stellar value, then you require no investment. Do your launch + if money starts pouring in, either skip the investors of if you really must use investors (doubtful, if you're providing stellar value), then the more revenue you have, the better terms you'll get from investors.
Successful & Experienced Leader from India
Fair Share is good but a partnership or even a director position is something you may want to think about based on the value add the legend will do to your business apart from lending his name. However if your business is going to piggy back on his name & reputation and he is not offering any investment in cash , its a good idea to offer him anywhere between 10 to 15 % of the equity with clearly defined expectations from both sides. I am making an assumption that you are going to be a high value startup.
Data Protection - GDPR; ICOs, Blockchain Research
You will need a privacy policy setting out the tools you use, the data they collect and the options to object to the collection. Additionally, you will need to give notice to the right to deletion and rectification as well as the contact point for data protection issues. If the GDPR applies to you then you must also enter into data processing agreements with your processors as well as maintain a processing register.
Fractional CTO
The US Gov hates cryptocurrency. In fact if you read recent laws (last 5 years) you'll find the language is vague + it can be construed that if you're a US citizen + you hold cryptocurrency, you may be in violation of law. Better to simply stick with fiat currency produced by every government in the world. Treat income management as a currency exchange proposition. Whatever language you speak, just target selling whatever you're selling into a country that reverse correlates the highest to your currency. So if you live in New Zealand + US currency is strong against the Kiwi, then sell product into the US. This way you always win big, because some currency in some country will always be your best investment.
New Business Development
3
Answers
A coach to help achieve, launch, pivot, or grow
In my experience working with this age group as a coach, adults in this age group are very interested in connecting to their purpose and passion. They are willing to pay. However, how much is the real question. A marketing study using a conjoint analysis would shed some light on how much this age group values connecting with their purpose and what their willing to pay. This type of analysis presents combinations of attributes to survey participants and asks them to rank them. Comparing the attribute sets yields insights into the attributes and combinations. As an example, I conducted a market study of young adult preferences to costs and incentives related to rental units. Each participant was presented combinations of rental location, rate, and incentive then asked to rank them. After combining demographic data with the results, I was able to determine how much above the average rate renters were willing to pay specific location types and incentives. Insights into location weren't surprising: all segments were willing to pay for coastal units. What was interesting? Most renters were willing to pay for non-cash incentives like landscaping or housekeeping services. Let me know if you'd like to talk more about conjoint analysis or market research in this area.
Clarity Expert
Congratulations on delegating so effectively! That is most likely one of the KEY factors in your growth. Too many of us fall into thinking "how can I do that" when we come up with new ideas. A billionaire mentor told me that the better question (and how she grew her businesses to well over a billion) was "who can do that"! Let your ideas flow, and keep giving them away. You are creating work for others, which is a huge contribution to society. Start looking at what is actually being accomplished as a result of all your ideas, and all your delegation, vs what you are actually "doing". All of my clients experience huge leaps in growth when they start delegating, and the growth is not incremental - it is usually exponential. And each struggles a bit with the guilt you mention - at least initially. But you quickly recognize that, as you said, it frees you to up think more strategically and creatively. Feel free to reach out if you have follow up questions. Best of luck in your continued success.
Real Estate Investment
6
Answers
Founder/CEO @ Polymath Labs (Soft. Dev & DevOps)
I recommend you checkout the following site: https://www.biggerpockets.com They also have a great podcast.
WordPress Development
3
Answers
Founder & CEO of Neuralab
I don't see a public documentation for their API or payment interface so it is unknown at this moment if this Zelle system could work with WooCommerce or any other eCommerce platform. Try contacting their support.
Entrepreneur
Many companies entering the Chinese market want to do SEO on Baidu, promote their brand on WeChat and Weibo, and prospect on Chinese online media. This is the first step to get established in the market. However, it is necessary to define your goals. For example, if you want to generate leads, increase traffic to your site, create a community etc. your digital strategy and will flow from your goals. Depending on your goals, in China, you will find 5 ways to market digitally. SEA is a paid marketing tool that boosts your ranking in the search engines. This tool shows your business on the search engines as an advertisement. (Similar to Google ads.) The advantage of SEA (or SEM) is the speed of its implementation. This tool allows you to choose the keywords you will be found for. SEM also gives better visibility on the web since it includes banner ads.
Founder, Venture Labs
If any channels are currently working for you, double down on them. Keep doing LinkedIn if it is working for you. I always like to focus on 1-2 sales channels, and then be constantly dabbling and testing others. This ensures that you stay productive (doing what works), while still being able to test and try new methods that may end up being more lucrative. A few ideas: - Paid advertising works. I've run paid ads for IT Companies in NYC and got them multiple clients for just a couple hundred bucks. Experiment with that if you have the budget for it. I recommend using someone good, otherwise you're just throwing money away. - Get on a platform like Clarity.fm or Quora. Become a leader in the IT maintenance/testing space. People will find you. - In general, content marketing is less relevant for local service businesses. For example, a blog may not be as effective. - Hire someone to gather leads for you. Cold email them. Same strategy as what you're doing in LinkedIn, but through email. My last piece of advice: Track Everything. For example, are you getting more leads through Quora per hour spent marketing, or more leads through cold email? What is the value of these leads? Does Quora get you more lucrative, high-paying clients? Tracking will help you to continuously improve the sales and marketing process. If you have any questions, feel free to follow up by scheduling a call. Thanks!
I help you buy, sell, plan, value a business
Businesses are valued as a function of their cash flow. In a contract service business, the cash flow can be tied to the contracts that are in place. Here is the problem, if the contracts don't go very far into the future, then you won't get a very high multiple of cash flow as a business valuation because the continuity of the cash flow is uncertain. This is why many businesses in this space sell on terms related to the performance of the business in the years after the transition. If you're thinking about selling your marketing agency, arrange a call and I'll tell you about some other deals I've done with similar businesses. Cheers dave
Clarity Expert
First I would try to figure out why your conversion is not great. Also a level deeper finding out what a normal conversion rate in your market actually looks like. There are markets that have naturally low conversion rates - are you sure that yours is below market standard? If yes - this would be my first point of action. Increasing conversion to or above market standard. As long as you haven't done this you are not playing the market to its potential. If you are playing close to potential it might actually make sense to put more pressure on the pipeline because you seem to have a product that at least is average. If conversion is below market standard I would look deeper into the offering itself - it does not make sense to put pressure on the pipeline for a below average product. Whether diversification makes sense is a complex question. Production capabilities, costs per unit, cross & upselling potentials with your core offering etc. all needs to be taken into account. I personally prefer to establish the core product (the product I can produce and sell with a reasonable margin) first and then move on vertically. First step here is to iterate the offering (product core + services around it + pipeline leading to it....) to a good product-market fit. Last but not least - just talk to your customers. Why did they drop off? Whom did they choose and why? etc. etc. In the end everything you do is communicating with "the market" so the best thing you can focus on is to learn "how to properly listen to what the market tells you". From there you can derive most of the answers for your business. Hope that helps. Feel free to reach out in case of follow up questions or need for elaboration. All the best with your venture! Karl
I help you buy, sell, plan, value a business
Hi, The answer depends a lot on where you're located and what business entities are available to you. You could end up with several. For example, you may wish to have a corporation which owns shares in the startups such that you are protected from liability. You may then wish to have a limited partnership where investors can put in money and this LP can make loans or share investments into the startups as well and the investors could enjoy pass-through tax treatment. They would then make their own decision about what kind of entity to hold the LP investment. Your corporation could be the general partner in the LP structure. You really need to spend some time thinking about what scenarios are likely then go talk to both a CPA and an attorney who are located in your jurisdiction. Hope that helps. If you'd like to brainstorm, arrange a call. www.DavidCBarnett.com
Founder/CEO @ Polymath Labs (Soft. Dev & DevOps)
It depends on what your end goals are. If you are going at it alone, this, or any other service should suffice. If you are also thinking of implementing a custom process and your company will have "secret sauce", you are probably better off developing your own solution. A few points to consider: * You want to make sure the product you use is reliable and safe. You will be storing PII for your candidates, the app has to do a good job protecting PII * From what I can tell, you still need to deploy this app yourself. If you don't have technical expertise, I wouldn't recommend it. You would be responsible for its reliability scalability, and security which is not trivial. An alternative is to use a SaaS product, which comes with all of the above managed by the provider
I enjoy helping companies be successful online.
Great question. One way to get the word out is to partner with site owners who may be interested in partnering with you. See what you can do for them first to help cross promote. If you are selling, for example Christmas cards, you may want to partner with a site that sell Christmas cookies, or holiday jewelry. You can also work out an agreement where you can buy space in a holiday website owner's newsletter. Usually this may not cost a lot, (it depends on how many subscribers they have) but this can get eyes on your site. When people come to your site, you definitely want them to enter their email address so you can connect with them in the future. So ask them to sign up for your newsletter or maybe you will send them a free sample, etc. You just need a way to build your email list so you can share your products with them. Because I live in the world of online marketing, you also want to make sure your site is SEO friendly. I can write a whole new post on this subject but search online for good SEO strategies to make sure your site can be found in search engines. If you need help with this, feel free to give me a call. Hope this helps!
MBA, CrossFit Gym Owner, lover of life.
There are various ways you can do this. The best way to do this is to post daily. To better streamline your ad I would copy and paste your description for speed and efficiency. If you are not limited by location I would post on CL to the largest cities in the U.S. These listing have more views so in turn you get found and seen by more traffic.
Innovation Leader and Brand Storyteller
For 50+, Facebook is a great platform, as you mentioned. Another one that still does well with 50+ is print, either in your daily newspaper, or magazines. It would depend on the behavioral targeting you're looking for, but print readers are typically 50+ and more affluent.
Content creator since before the phrase existed.
This depends on where you are located but in many major cities (U.S., Europe and Asia) there are showrooms buyers shop. This means, for a fee, your products are guaranteed to be viewed by buyers (though there is no way to guarantee they will select to buy them). These buyers range from local shops to regional chains to department store and boutique buyers. If you are picked up by one or more and show data to these online specialty stores, that is more appealing than a cold turkey approach. Simultaneously building an online following is key as well since both retailers have e-commerce-savvy demos.
University Relations
3
Answers
Brand / design strategist and startup enthusiast
When I was applying to business school (ended up at NYU Stern), Poets & Quants as the be-all end-all for MBA insider info. https://poetsandquants.com/
Art marketing and art business advice
You ask an interesting question. AI is a broad field. Are you planning to specialize or generalize your content? In a world where traditional subscription-based media struggles to stay afloat, you are choosing a risky option to deliver content. I have been in magazine and book publishing for 30 years. Lots has changed in those decades. I have switched to online course creation as an alternative to traditional media. There is a strong trend toward online courses. It is possible to create a valuable newsletter for a target audience. Start by tightly defining your ideal subscriber. You must know who you are creating content for and why. You must be confident you can create highly relevant and useful content unavailable to access freely. What are the benefits to the reader? Use the Minimum Viable Product concept to begin your process. You don't want to invest any more than necessary for an unproven product launch. Consider using the Ask Method to help you determine the viability of the product. Marketing the product is like any other launch. You need visibility and authority. Guest blogging, and media coverage are recommended. Create a website or blog with detailed, authoritative content you can work to get high SERP rankings. Podcasting is another way to build an audience. Researching for audience interest and competitive analysis are also strongly recommended before you launch. Feel free to set up a time for a follow up call via Clarity.
Fractional CTO
Fiverr is fine as a lead generator, in some cases. And far better to us a standard model of creating an Authority Blog or Podcast around your topic. You'll work far less via Blog/Podcast + have far higher income, than trying to use Fiverr as a revenue generator. You're welcome to book a call with me + I can walk through my experiences with different monetization approaches... as each niche + your expertise level + what you're offering (product, service, info) has to be considered. Also your entire funnel, including continuity system. Also your personality style (introvert/extrovert). Also your Lifestyle requirements - hours/week work, monthly profit, health, happiness. Many factors come into play designing your money flow. I've been freelancing + running various businesses since 1974 + having a match on the above factors will have a far higher likelihood of success, than having many mismatches.
Online Business Setup Coach
You have to see how much gross profit and net profit is there in the product sale. Let's assume the net profit is X then you could ask around 15% to 20% of the net profit. It also depends on how much efforts you are doing and who is paying for the paid ads. It also depends on how much efforts client is doing to build his brand on social media and other channels because if he is doing efforts, there will be more sale of goods.