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Hi all, I currently have 2 businesses and am still working 4 days a week part time to fund these businesses. I am very grateful for the opportunity to be in this forum and would love to hear any advice you can recommend if you have experience with these:
1. Social media agency - only about 200-3k p month revenue.
2. Cleaning business - 300-500-1k p month revenue.
3. SaaS CRM (in development)
The thing I realised is that while it is okay money, in order to really make more I would have to scale them which means more hiring and marketing. The other thing is that some clients don't stay and leave after a few months so even if I have a few that stay long I would have to continuously market in order to protect myself in case other clients leave which means very unstable income at times. E.g. at one point my social media agency was at 3k per month but the client left and now I'm at 200 p month. Same with my cleaning business. So I think it'll take a long time before I get to 10k+ per month which is my goal.
So my question is; is it just harder to scale a service based business vs eCommerce or SaaS for example? I guess every business model has pros and cons but what would be the fastest way to scale? I'm looking at SaaS and eCommerce because these seem much easier to scale and automate - I don't have to manage multiple staff AND clients.
Scaling plan - Cleaning - easy to market, low profitability, need at least 200 clients per month to get to 10k+ p month
Keep in mind for my cleaning business I am currently handling most enquiries via phone and email and I only have 1-2 cleaners (who can only clean in a specific location radius nearby) with about 10+ clients atm. I am currently building a Zapier automation so I don't have to keep doing this but for staff hiring etc. I'd still have to test staff, train them, manage equipment costs etc. Unless I hire a VA, maybe that can work.
So I am planning to scale by first filling up the roster for 1 cleaner within their location radius (if it's too far they won't go for it) --> Use cashflow to buy more equipment --> hire more cleaners, fill their roster for their different location and repeat. This is gonna take a long time to scale.
Scaling plan - Social Media agency - hard to market, higher profitability, need 5 high ticket clients to get to 10k+ p month
My plan for this is to build up some more clients (for social media), build my personal brand and then use the cashflow to put into some ads so I can land higher ticket clients (paid advertising, email marketing). Then once I get to capacity, hire a VA to automate all this.
Please let me know if you have any tips or advice. Thank you very much God bless
1. Social media agency - only about 200-3k p month revenue.
2. Cleaning business - 300-500-1k p month revenue.
3. SaaS CRM (in development)
The thing I realised is that while it is okay money, in order to really make more I would have to scale them which means more hiring and marketing. The other thing is that some clients don't stay and leave after a few months so even if I have a few that stay long I would have to continuously market in order to protect myself in case other clients leave which means very unstable income at times. E.g. at one point my social media agency was at 3k per month but the client left and now I'm at 200 p month. Same with my cleaning business. So I think it'll take a long time before I get to 10k+ per month which is my goal.
So my question is; is it just harder to scale a service based business vs eCommerce or SaaS for example? I guess every business model has pros and cons but what would be the fastest way to scale? I'm looking at SaaS and eCommerce because these seem much easier to scale and automate - I don't have to manage multiple staff AND clients.
Scaling plan - Cleaning - easy to market, low profitability, need at least 200 clients per month to get to 10k+ p month
Keep in mind for my cleaning business I am currently handling most enquiries via phone and email and I only have 1-2 cleaners (who can only clean in a specific location radius nearby) with about 10+ clients atm. I am currently building a Zapier automation so I don't have to keep doing this but for staff hiring etc. I'd still have to test staff, train them, manage equipment costs etc. Unless I hire a VA, maybe that can work.
So I am planning to scale by first filling up the roster for 1 cleaner within their location radius (if it's too far they won't go for it) --> Use cashflow to buy more equipment --> hire more cleaners, fill their roster for their different location and repeat. This is gonna take a long time to scale.
Scaling plan - Social Media agency - hard to market, higher profitability, need 5 high ticket clients to get to 10k+ p month
My plan for this is to build up some more clients (for social media), build my personal brand and then use the cashflow to put into some ads so I can land higher ticket clients (paid advertising, email marketing). Then once I get to capacity, hire a VA to automate all this.
Please let me know if you have any tips or advice. Thank you very much God bless
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