Like many guys on here I've always known that one day I was gonna be an entrepreneur and for the last few years I've just kinda been waiting for that big idea to come to me.
I just graduated in the summer and its looking likely that I'm gonna have a good job starting this year.I know having a job isn't very fastlane but I think it'll be beneficial to my personal development.
The potential job offer isn't stopping me from starting my own business though, so I started this thread to push myself along and ask for advice in the process.
I started providing a little repair service over the last few weeks as a side/seed business to address the yearning to start my own business and earn a little extra dough to invest in any other ideas I had.
Reading TMF totally changed my business mindset. I always seem to come up with ideas which are really just creating a job for myself rather than a scalable business. Now with my new mindset I'm in the process of fastlaning my repair service up.
I am doing this by creating a website and providing a mail in repair service to the whole of the UK. Also to add more revenue potential I will be using third party repair companies and taking a referral/lead generation fee.
The first bit of advice I'm looking for is in relation to my referral service and how I should charge it out. Which one of these three methods of working is best?
1. Customer pays me the full cost of the service through my eccomerce site. I then arrange for the third party repair and forward the money to the 3rd party minus my cut when the customer is happy. The benefits would be the 3rd party gets a committed lead and the customer gets the most convenient service available. The downside would be increased accounting time.
2. The customer pays a "deposit" which is really just my referral fee on my site I then arrange the repair and they settle the rest of the bill themselves. This would be great for me as its the most passive but I'm not sure if customers would be happy with thus way of working and the 3rd party wouldn't have a fully committed lead.
3.the customer pays the the 3rd party directly after the repair but I only arrange the repair after the 3rd party pay me my referral fee. Less accounting but the 3rd party doesn't have a committed lead.
Which one would you chose? Or any other suggestions?
I just graduated in the summer and its looking likely that I'm gonna have a good job starting this year.I know having a job isn't very fastlane but I think it'll be beneficial to my personal development.
The potential job offer isn't stopping me from starting my own business though, so I started this thread to push myself along and ask for advice in the process.
I started providing a little repair service over the last few weeks as a side/seed business to address the yearning to start my own business and earn a little extra dough to invest in any other ideas I had.
Reading TMF totally changed my business mindset. I always seem to come up with ideas which are really just creating a job for myself rather than a scalable business. Now with my new mindset I'm in the process of fastlaning my repair service up.
I am doing this by creating a website and providing a mail in repair service to the whole of the UK. Also to add more revenue potential I will be using third party repair companies and taking a referral/lead generation fee.
The first bit of advice I'm looking for is in relation to my referral service and how I should charge it out. Which one of these three methods of working is best?
1. Customer pays me the full cost of the service through my eccomerce site. I then arrange for the third party repair and forward the money to the 3rd party minus my cut when the customer is happy. The benefits would be the 3rd party gets a committed lead and the customer gets the most convenient service available. The downside would be increased accounting time.
2. The customer pays a "deposit" which is really just my referral fee on my site I then arrange the repair and they settle the rest of the bill themselves. This would be great for me as its the most passive but I'm not sure if customers would be happy with thus way of working and the 3rd party wouldn't have a fully committed lead.
3.the customer pays the the 3rd party directly after the repair but I only arrange the repair after the 3rd party pay me my referral fee. Less accounting but the 3rd party doesn't have a committed lead.
Which one would you chose? Or any other suggestions?
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