Yet another marketing agency progress thread..

[poseidn]

No big updates, just thought i'd post. Making some consistent $ with this biz. Had a few opportunities arise in other areas i'm pursuing too (that are better long-term), business is automated A-Z so requires maybe 1hr of my time a day

 

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[poseidn]

Been travelling for past 7 months.

Started from zero with a new business as old business wasn't doing great.

Started a business with another partner who I eventually found was stealing from me - he was siphoning off leads and calls I was generating and keeping them for himself.

Had another business with a partner which didn't work out aswell.

Both of these business failures/learnings occurred within the same week (a tough week!)

Had to start from zero in May 2022, but this time I was going to do it all on my own, no partners. Flew to SEA on a 1 way ticket and 5 months later was bringing in $7k/month MRR (80% margin)

It's now May 2023, a year on - and i've had a BLAST this last year. Been working a couple hours a day, partying lots an travelling.

Decided to focus on biz in last 2 months and am now at $15k MRR (90% margin). While this is a small money to lots of people, I have never had this much money ever. But I know i've got to get to the next level - million dollar per year earning status. Then beyond that to an exit.

This thread is great because I can see it's taken me pretty much 3 years to get to this income level which is just unacceptable. But I feel now momentum is behind me - i have a base level of money to deploy and base level of skills.

Next goal is to funnel all of this cash into a new, more scalable venture (based on paids ads) that will get me to $100k/mo, but this will require a new business. Then, use the funds from that to go for a fastlane project (something to sell for $XXMN)

So, in short, my current 'plan' is:
STAGE 1 - Service business to $10k (i've gone past this now)
STAGE 2 - Business that can be scaled with paid ads (think ecom, info, etc) to $100k
STAGE 3 - Fastlane project (think saas, maybe ecom still, etc) to $XXM.

Each stage builds cash flow for the next stage and builds skills essential for the next stage.

 

[poseidn]

Got into infoproducts last couple of months as realised i needed to change my vehicle to get to $100k/mo, been learning a F*ck tonne, and funneling all my earnings from agency into adspend. Learning at a very fast rate.

Very excited to see where future takes this.

Current plan (which will likely change) is to get infoprod publishing company to 6fig months, ideally more, mid-6figs ideally. Then get into a fastlane business (think saas, software, maybe ecom etc).

I plan to update this thread ever 6 months or so, whenever it comes to mind to update it. Would be nice to look back on years from now. Anyone in infoproducts and running cold-traffic feel free to DM me, happy to talk shop and share learnings.