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  1. DaveC

    Valuing SEO/Adwords/social media customers

    MARKETING SOCIAL MEDIA 
    My partners and I are looking at taking over some SEO/Adwords/Social media agency customers. Any ideas on valuation? Average lifetime spend with a multiple? Most of them are month to month so not locked in long term but they have been long term customers. What turnover can I expect after transfer?
  2. DaveC

    Franchising is a waste of time!!

    INTRO 
    I'm not a big fan of franchises, but I certainly know folks who have done quite well with them. The trick seems to be: 1) Having several....so you can afford a manager for day to day 2) Buying a well established name (McDonalds, etc...) Even then, this is tough...McDs is getting beaten up by 5...
  3. DaveC

    How to Apply Fastlane to Farming

    HOT! 
    Specialty and niche foods are going to continue to grow (organic, gluten free, etc....) along with farmers markets. Urban farming mixed with green energy is going to be a way that a lot of Rust belt cities (Detroit, Cleveland, St. Louis, even Chicago to an extent) are going to need to reinvent...
  4. DaveC

    Chicago Meet Up...

    MEETUPS 
    Well turn out wasn't great but @Zenoviy Kovtun and I had some great discussions. I'll put in back to the community to let me know a better day/time of the week to meet as Saturday afternoons seem to be unpopular. I'll be in town most of the summer/fall so would love to make it more regular
  5. DaveC

    Chicago Meet Up...

    MEETUPS 
    I'm in Conference Room 2
  6. DaveC

    Thoughts on Toastmasters International and Furthering Education.

    I've been to some Toastmasters meetings, but have not been through the program although many people vouch for it. I found that improv class was much more beneficial in terms of handling "the spotlight". Even if you don't like comedy, these classes will absolutely get you out of your comfort...
  7. DaveC

    Chicago Meet Up...

    MEETUPS 
    I'll be over there anyways as its a good place to work for whoever wants to stop by. I'll be in one of the study rooms by the stacks
  8. DaveC

    Chicago Meet Up...

    MEETUPS 
    I only have the room from 3-5:00PM right now.....it sounds like we need to reschedule to a different day?
  9. DaveC

    Chicago Meet Up...

    MEETUPS 
    So who's in for sure?
  10. DaveC

    Selling my Ecommerce Business

    GOLD! 
    Why would that get a higher price? Just from being able to wait it out until the right offer comes along? I just know that with businesses, you'll get the best price if you have a seller with one of the D's (death, divorce, disease(sick), debt). These sellers have to liquidate and buyers will...
  11. DaveC

    Should I stop my 401k?

    HOT! INVESTING 
    Like most investment advice, it depends (age, assets, debt, spending tendencies, 401k vesting schedule, taxes, regular vs ROTH 401k, etc...). If you're going to cancel it only to blow it at the mall, then no don't do that. If you have an immediate 20% match, even with a 10% withdrawal penalty...
  12. DaveC

    Chicago Meet Up...

    MEETUPS 
    Uptown Library I'll have a room reserved 3:00PM-5:00PM June 3rd if that works
  13. DaveC

    Selling my Ecommerce Business

    GOLD! 
    I've done more buying than selling on web businesses but it sounds like you are on the right path. Find a way to extract yourself as much as possible from the day to day and get your books in order for sure, this is especially important if you are burned out. Getting a VA/assistant will dig...
  14. DaveC

    Chicago Meet Up...

    MEETUPS 
    My schedule is a little more flexible now, giving this another shot....how does June 3rd work
  15. DaveC

    Chicago Meet Up...

    MEETUPS 
    I haven't gotten much responses on this so I'm going to cancel the session for tomorrow.
  16. DaveC

    Chicago Meet Up...

    MEETUPS 
    I'd be down for something on March 4th....3-5PM at the Buena Park Library Branch
  17. DaveC

    Testing Market Need through Phone Calls?

    Short answer: No:) Long answer: Sales is part of setting up the business...no sales=no business. I wouldn't do one thing for setup until I had an actual check in hand. No one likes to be cold called. Ask your family members, friends, friends of friends to see where they are struggling with...
  18. DaveC

    No News For a Week Challenge (Super Easy): Who's IN?

    HOT! MINDSET 
    Replacing "news" aka infotainment with books has been a big boost for me. I've never heard an entrepreneur say I started getting successful by watching the news, but almost all of them are readers. Including most of the folks here I'm guessing:) If there's something critical that needs my...
  19. DaveC

    How do you price a SaaS offering?

    MARKETING SAAS / APPS 
    The 37 signals way isn't bad. Ask 37signals: How did you come up with pricing for your products? However, for most SaaS products, you are probably not the only fish in the pond. What are competitors charging? You don't want to be cheap (what's wrong with this product?) or too high (out of...
  20. DaveC

    How do I do Due Diligence buying a website?

    WEB/DIGITAL 
    My two cents....avoid auctions for buying websites. I'm assuming this is Flippa, and its very much full of scams. As you can see, the DD is very difficult, and stats can be faked. If you are looking at a small website, look at Empire Flippers, although they tend to have a lot of affiliate and...

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