this post was submitted on 09 Nov 2023
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Entrepreneur
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What are you trying to do? What’s the service?
Social media businesses like these are brutal. I would do something more lucrative.
There’s so much $ out there, just need to know how to go get it.
Or go get a job.
What types of business are more lucrative in your eyes?
I like agency models and asset light businesses with recurring income streams.
For example, I go talk to CEOs and CROs of tech companies and get them to augment their sales function to me and my teams. We make recurring income alongside the tech partner for the life of their contracts. They’re happy to pay bc I’m so much less $ to get to the same gross profit, while putting better people on the projects. So one sale takes 10-15 hours or less of my time. Then more to fulfill, but my teams do most of that. Each is worth $500k-$2m to us, so revenue velocity is higher than I’ve seen before. And it’s recurring, so it grows fast naturally.