this post was submitted on 23 Nov 2023
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I started a company for $0 that makes more than anything I’ve ever done.
I wouldn’t take $500 and say what can I make with it. I would say, “what’s something I can build now where I can get traction without capital outlay?”
For example, I’m in the tech business and we sell people’s solutions for them. We are good at it..we charge a lot for this service. We partner with companies and we have them pay monthly retainers to pay for our sales labor. We collect $, then 45 days later pay people. That’s free float. $0 cost. We have a handful of these. It’s floated the while business.
Day 1 $0 cash or revenue
Day 60 $60K monthly retainers signed
Day 90 $100K in monthly retainers signed and we had paid out $42K so far on $160K collected, all recurring
Then it kept going, fast. Then commissions rolled, then it ran up quickly. We will be over $10MM this year and it makes money
Take bigger swings and make a bigger impact. You don’t need a lot. Also, you can raise $, it’s easier than you think but you want to create traction first.
I’d be interested in hearing more about that. Third party sales as the business model? Or did I misunderstand
Yep
But couple tweaks to trad’l models and we go super deep on a theme so that we have a big people and dozens of warm ins as new projects start up.
This might be because I’m oblivious but what does “we have a big people and dozens of warm ins” mean? Not trolling, genuinely clueless.
Sry was working out. Fat thumbs.
We come with clients and pipeline.
lol gotcha. I’m in consulting, started my own firm. One man show and it’s going incredibly well, but I’d love to diversify a bit. That’s why I was asking about your model.
What sort of consulting?
In the next year we want to maybe buy an ecommerce consultancy and apply our performance model to it. Curious about what some decent shops are in ideally Canada but we’ll start researching the USA next year for companies. So easy now with AI to make lists and pull data.