http://www.golmn.com/
Pretty impressive to say the least. This company was started by the owner of a larger landscape company (revenue around $17M) in Canada that boasts a pretty staggering profit compared to the majority of the industry because they generate about $270k per employee (industry avg is about $100k).
For those who don't know my intro, I own a lawn/landscape/snow company (slow lane in my eyes, I focus most of my efforts on my fast lane biz and am transitioning out of the green industry - selling it in the spring) and I attended one of their seminars that came to a local Caterpillar dealer last February to learn about the software and test it out (they showed the gross numbers of the landscape company during the seminar). It helped me out a TON with how an outdoor contracting business truly comes up with their prices for services. I started using it this spring and it worked fantastic for generating proposals to send to prospects since it based all our prices off our yearly budget.
Anyway, shortly after attending that seminar I came across MJ's book and my mindset had totally changed on how I looked at business (chase needs NOT money!) and saw what they were doing and rather than being the one digging for gold (almost literally with landscaping) I'd prefer to be the one creating or selling shovels. Needless to say this software fulfilled the market because there was nothing geared towards budgeting/estimating especially on the landscape construction sector of the industry, there's a bunch of software available for lawn service work. Their customer service SUCKED when I decided to cancel this fall (potential opportunity?
).
The other day I checked out their website and saw that have 10,095 users (I'm not sure if that's accurate), but their service was $99/mo and is increasing to $199/mo + all the small add-ons they have available. $199/mo x 10k users = $1,990,000 per month! Very impressive! Not sure what the gross margin or net profit is on the software - I'm sure it's not exactly cheap to send their man sales guy around the country promoting the product and catering lunch for 2 days with 50+ people, etc., but nonetheless it's awesome.
I should note, this didn't happen "overnight", their first YouTube videos are from back in 2010.
...Now back to work so I can make it happen for myself.
Pretty impressive to say the least. This company was started by the owner of a larger landscape company (revenue around $17M) in Canada that boasts a pretty staggering profit compared to the majority of the industry because they generate about $270k per employee (industry avg is about $100k).
For those who don't know my intro, I own a lawn/landscape/snow company (slow lane in my eyes, I focus most of my efforts on my fast lane biz and am transitioning out of the green industry - selling it in the spring) and I attended one of their seminars that came to a local Caterpillar dealer last February to learn about the software and test it out (they showed the gross numbers of the landscape company during the seminar). It helped me out a TON with how an outdoor contracting business truly comes up with their prices for services. I started using it this spring and it worked fantastic for generating proposals to send to prospects since it based all our prices off our yearly budget.
Anyway, shortly after attending that seminar I came across MJ's book and my mindset had totally changed on how I looked at business (chase needs NOT money!) and saw what they were doing and rather than being the one digging for gold (almost literally with landscaping) I'd prefer to be the one creating or selling shovels. Needless to say this software fulfilled the market because there was nothing geared towards budgeting/estimating especially on the landscape construction sector of the industry, there's a bunch of software available for lawn service work. Their customer service SUCKED when I decided to cancel this fall (potential opportunity?
). The other day I checked out their website and saw that have 10,095 users (I'm not sure if that's accurate), but their service was $99/mo and is increasing to $199/mo + all the small add-ons they have available. $199/mo x 10k users = $1,990,000 per month! Very impressive! Not sure what the gross margin or net profit is on the software - I'm sure it's not exactly cheap to send their man sales guy around the country promoting the product and catering lunch for 2 days with 50+ people, etc., but nonetheless it's awesome.
I should note, this didn't happen "overnight", their first YouTube videos are from back in 2010.
...Now back to work so I can make it happen for myself.
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