The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Search results

  1. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    Ryan, Welcome to the forum. My answer is a question. How quickly can you save up another $10,000? I do find a few businesses that are about $20,000 that give the 50% return. They are more mature businesses that have been around at least two years. This is key. The ones priced at $10,000 or less...
  2. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    Thank you, Jeff, for the feedback. I've read this forum for quite a while, and I find the most inspiring threads are the ones that deal with real experience born from theoretical process. It makes the information more tangible. People ask how can one build a business from scratch. There is no...
  3. R

    EXECUTION Buying a Business - Need to know the process

    You always want an indemnify clause in your sales agreement. Talk to a M&A lawyer, even just for a consult. You can get free ones. What details did you find for the lien? Like for how much and for what?
  4. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    I'll give you another secret/tip. Many of those businesses that are more than 2x my ROI valuations are actually closer to 2x than you see. For example, earnings that sellers publish to buyers are based on the P&L statements. You have to drill down into them to see that they are listing...
  5. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    I have not gone this route. I may consider it in the future if the right opportunity came along. Of course this depends on outside parties like lenders and owners being on board with such a transaction. I'd rather not be dependent on that. Besides having cash available for a purchase is huge...
  6. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    I never buy the company. I always buy the assets. If you already have a corporate structure in place, or some business entity, you should consider running the new business under it, unless you want a more complex structure for tax and liability purposes. For you, real estate investment sounds...
  7. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    I have a couple contractors who are very good with both SEO and client interaction. I spend my time acquiring business. Our web site gets about 30K page views a month. I'm not an expert on SEO, nor do I want to be. My model is to have contract staff do that work.
  8. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    I don't like real estate because of 1) ROI based on the principal that you invest with, 2) the debt, not that debt is bad, but you incur a lot of it, 3) the lack of financial flexibility due to having more debt, 4) the lack of mobility when having real property. I like being mobile, so if I...
  9. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    I don't waste my time with cold calling. But there are forums that people list their businesses. Here's one that I contribute to on occasion. And since I showed interest, I get solicited with offers: http://www.webhostingtalk.com/forumdisplay.php?f=184 The forum above is specific to web...
  10. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    @pumpking Ok your overall question is a good one. My answer is that you would probably want to have some IT experience before taking on a software business. But you don't have to be a programmer. There are a lot of IT workers who have experience doing technical projects. Project managers...
  11. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    @pumpking you don't need to be a software engineer to take on a SaaS solution or any other kind of software. As a business owner, I believe you should focus on managing, not doing day-to-day work. My blog/media news business is brand new for me. Sure I can write, but I was not well versed in...
  12. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    I decided to promote our web site's forum using Facebook Boost Ads. I took the idea of offering a free something for people who register and post on our message board. Let's see how this does today.
  13. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    Thanks. Appreciation back at you for feedback and giving us a little of your story. I'll clarify blogging. I mentioned that one of my businesses is blogging. I just hate writing. So when I realized I could outsource it, then blogging became useful, and it diversified my holdings. I just...
  14. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    Yeah, reading up on this, competition for news feed space is growing and organic reach is declining. I like the idea of driving people towards our Facebook group, but I think growing our web site's forum makes more sense. The forum then captures way more repeat traffic and allows for direct...
  15. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    Jarrod, Sorry I missed this. We have one primary developer, and I have a couple secondary ones. I'm pretty involved in making architectural decisions with the primary guy. He's very good, so I ask him if he thinks one way is better than the other. We maintain and enhance the programs. Recently...
  16. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    That's very specific. If so, then I would just Google "accounting software businesses for sale". I believe BizBuySell would be good place to start.
  17. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    Just to give some real numbers on our Facebook page. So we have about 250,000 followers. This generates about 120,000 page views on our web site a month. We get a CPM of $10, meaning that we earn about $1200 a month from ads due to the Facebook traffic. Let's say we do an ad spend of $4000 a...
  18. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    I'll run some tests with the same postings in both our page and the group. Let's see what the results are.
  19. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    We run a media/news business where we interview celebrities, are invited to red carpet events, openings, etc. We get influencers reaching out to us about posting on our Facebook page and web site because of our shown following. The vanity aspect of it leads to real business opportunities. I just...
  20. R

    GOLD! From 0 To $240,000 Per Year PROFIT In 18 Months

    I "like" it! Such a great idea! I'm sure it's being used a lot as a strategy, but thanks for this. So simple, effective, and efficient. I'm going to implement this.
Top Bottom