Podcasts about subscription business

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Best podcasts about subscription business

Latest podcast episodes about subscription business

The Unofficial Shopify Podcast
Obvi's Ron Shah on Fails, Exits & Lessons Learned

The Unofficial Shopify Podcast

Play Episode Listen Later Feb 25, 2025 49:41


"You start with ‘there's no way this is me.' Then you question everything. Then, eventually, you realize—this really could be me."Ron Shah built Obvi into a $100M+ powerhouse, with $40M in top-line revenue in 2024. But not every business he touched turned to gold. Today, Ron gets brutally honest about two brands he started—Coffee Over Cardio and Paw Rangers—that didn't go as planned.This isn't your typical success story. Ron shares:Why success in one business doesn't guarantee success in anotherThe emotional toll of failure and the ego traps that cost him moneyHow to know when to walk away, pivot, or double downWhat he'd do differently if he launched these brands todayMost founders only share their wins. Ron is sharing his losses. And why, in hindsight, they might be even more valuable.Resources & LinksFollow Ron on Twitter: @obviceoCheck out Obvi: myobvi.comListen to Ron's podcast, Chew On This: Listen herecoffeeovercardiopawrangers.comSponsorsCleverific: https://cleverific.com/unofficialZipify: http://zipify.com/KURTAddress Validator: https://www.addressvalidator.com/Work With KurtGrow your Shopify store with me: ethercycle.com/applyJoin my newsletter for Shopify insights: kurtelster.com

L'Histoire nous le dira
Arnaque ou génie ? Histoire cachée du Club Columbia | L'Histoire nous le dira # 267 et P.Y. McSween

L'Histoire nous le dira

Play Episode Listen Later Dec 20, 2024 20:42


Et vous ? Étiez-vous membre du Club Columbia ? Comment s'est passé votre « abonnement » ? Adhérez à cette chaîne pour obtenir des avantages : https://www.youtube.com/channel/UCN4TCCaX-gqBNkrUqXdgGRA/join Merci à Pierre-Yves McSween https://www.instagram.com/pymcsween/?hl=fr Pour soutenir la chaîne, au choix: 1. Cliquez sur le bouton « Adhérer » sous la vidéo. 2. Patreon: https://www.patreon.com/hndl Musique issue du site : epidemicsound.com Images provenant de https://www.storyblocks.com Abonnez-vous à la chaine: https://www.youtube.com/c/LHistoirenousledira 00:00:00 - Introduction 00:02:33 - Histoire du Club Columbia 00:04:09 - Fonctionnement du Club Columbia 00:05:00 - Coûts et obligations pour les membres 00:08:28 - Comment le Club Columbia obtenait les albums 00:09:05 - Impact sur les artistes 00:10:20 - Production des albums par le Club Columbia 00:12:53 - Succès du Club Columbia 00:15:09 - Publicité et marketing du Club Columbia 00:16:24 - Exploitation du système par les consommateurs 00:17:13 - Intervention juridique et fin des clubs de musique 00:18:09 - Impact de Napster et des plateformes de streaming 00:19:27 - Conséquences pour les artistes 00:20:02 - Conclusion Les vidéos sont utilisées à des fins éducatives selon l'article 107 du Copyright Act de 1976 sur le Fair-Use. Sources et pour aller plus loin: Benoît Lelièvre, « La petite histoire tumultueuse de la maison Columbia », Urbania, 5 juillet 2023. https://beta.urbania.ca/article/la-petite-histoire-tumultueuse-de-la-maison-columbia Bernard Mooney, « Les enseignements de Columbia House », LesAffaires.com, 23 juillet 2012. Antoine Bordeleau, « Le glas a finalement sonné pour la Maison Columbia », Voir.ca, 11 août 2015. https://voir.ca/antoine-bordeleau/2015/08/11/le-glas-a-finalement-sonne-pour-la-maison-columbia/ Geoffrey O. Hull, The Recording Industry, New York, Routledge, 2004. « The Music Industry Strikes Back | System Shock Ep 2 », Bloomberg Originals, 8 janvier 2021. Frank Landry, « Columbia House insiders spill the beans on the company's secrets », Channel 33 RPM, 26 mars 2023. https://youtu.be/3ATvs-CSDF0?si=aXZnf8xQyhg7Aua6 Frank Landry, « Columbia House & BMG CDs - better than the 'experts' thought », Channel 33 RPM, 12 décembre 2021 Frank Landry, « How Columbia House made money giving away records, tapes and CDs | Vinyl Community » Channel 33 RPM, 11 février 2021 Frank Landry, « What happened to Columbia House music club? And were their record pressings really that bad », Channel 33 RPM, 7 février 2021. https://youtu.be/x4tazWI241E?si=UG-Z4YZ0qL_MagJJ « Was Columbia House a Scam?! | Secrets Exposed! », Micheal Andrew, 6 mars 2024 « How the "8 CDs for Penny" Club Worked », Weird History, 30 octobre 2020. https://youtu.be/A-zwZaBU5L0?si=phxJDkxtLf6Bcord « How Columbia House Sold 12 CDs For A Penny », Business Insider, 25 juillet 2018. https://youtu.be/jP0lq8XcRMo?si=zB8upMh5x_TO3HTZ Matthew Stuart et Clancy Morgan, « How Columbia House and BMG Music made money on CDs », Business Insider, 2 janvier 2019. https://www.businessinsider.com/columbia-house-bmg-music-profit-money-business-model-2018-7 Jonathan Rove, « The Club You Don't Want Let Into », Spin, 21 juin 2021, https://www.spin.com/2021/06/cd-clubs-columbia-house-bmg Geoff Edgers, « A dozen albums for a penny? I've still got mine, and plenty of time to listen », The Washington Post, 2 juillet 2020. Jack Hamilton, « Columbia House Offered Eight CDs for a Penny, but Its Life Lessons Were Priceless », Slate, 12 août 2015. Laura Wagner, « '8 CDs For A Penny' Company Files For Bankruptcy », NPR, 11 août 2015. https://www.npr.org/sections/thetwo-way/2015/08/11/431547925/8-cds-for-a-penny-company-files-for-bankruptcy Ethan Trex, « It's a Steal! How Columbia House Made Money Giving Away Music », Mental Floss, 21 juin 2011. « Columbia Records », Wikipédia. https://en.wikipedia.org/wiki/Columbia_Records Daniel Brockman and Jason W. Smith, « The rise and fall of the Columbia House record club — and how we learned to steal music » The Boston Phoenix, 18 novembre 2011, Annie Zaleski, « Four Columbia House insiders explain the shady math behind “8 CDs for a penny” », AV Club, 10 juin 2015. Bryan Bishop, « Columbia House, the Spotify of the '80s, is dead », The Verge, 10 août 2015. Tien Tzuo, « Columbia House of Horrors: How Not to Run a Subscription Business », Vox, 7 avril 2016. Ernie Smith, « The First 12 Cost A Penny, But … », Tedium, 11 juin 2015. https://tedium.co/2015/06/11/columbia-house-history/ « Negative Option Billing », Wikipdéia https://en.wikipedia.org/wiki/Negative_option_billing#:~:text=Negative%20option%20billing%20is%20a,it%20in%20advance%20of%20billing. « Columbia House Company », Encyclopedia.com, https://www.encyclopedia.com/books/politics-and-business-magazines/columbia-house-company Autres références disponibles sur demande. #histoire #documentaire #clubcolumbia #columbiahouse #columbiarecords

Inspired Or Acquired
Cheryl Ham - Building A Craft & Subscription Business To +$1M Revenue

Inspired Or Acquired

Play Episode Listen Later Nov 20, 2024 38:36


Cheryl Ham has built Hypnotic Yarn into a +$1M revenue business with 28% net profit margin and 80% of revenue on a subscription basis. She was an amazing story of trying to 'create a little side hustle' that has become a great business with a great mission to help customers unleash their creativity. We discuss what her business might be worth today and future plans for the company. Hypnotic Yarn Website: https://hypnoticyarn.com/Clint Fiore & Bison Business: https://bisonbusiness.com/Patrick Dichter & Appletree: https://appletreebusiness.com/

Inside SAP S/4HANA
Episode 112: Leading the Charge: SAP's End-To-End Quote to Cash Solutions to Run Subscription Business

Inside SAP S/4HANA

Play Episode Listen Later Oct 31, 2024 23:35 Transcription Available


SAP offers a quote-to-cash Software-as-a-Service solution for which it has recently been named leader by Gartner in their Magic Quadrant for Recurring Billing Solutions. Join us in this episode of the Inside SAP S/4HANA Cloud podcast as we delve into the world of subscription-based business models and how SAP is at the forefront of providing end-to-end quote-to-cash solutions. We will explore the challenges and opportunities that companies, especially in the SaaS industry, face when dealing with subscription management. Greg Hutcheon interviews our experts from SAP, Isabel Reingruber and David Eastlund, as well as John Froelich from the SAP partner Bramasol. They share their insights, experiences, and successful use cases.

Real Money Real Business Podcast
RMRB 966 - Building a Subscription Business Making $2K per Month in the Advertising Niche

Real Money Real Business Podcast

Play Episode Listen Later Oct 28, 2024 6:10


In this episode, Lauren talks to the seller of a subscription, display advertising, and affiliate business created in January 2011 in the advertising and digital media niches. Listen in to find out how the business makes an average of $2,733 per month in net profit, why the seller has decided to sell, the lessons learned from running the business, and much more. Visit https://app.empireflippers.com/listing/80121 to learn more about this business.

Mastery & Message with Lisa Princic
How to Perfect Your Subscription Business Idea & Make Sure It Sticks

Mastery & Message with Lisa Princic

Play Episode Listen Later Oct 23, 2024 10:23


I'm not quite ready to share all the details of my subscription yet, but you'll be the first to know! In today's episode, I am sharing with you how to refine your subscription idea so you make sure it sticks! Don't forget to subscribe so you can follow along as I document my journey to launching a brand new subscription offer. 

Unbox the Inbox | Email Marketing for Subscription Businesses
[Boost Sales] Harness the Power of UGC for Your Subscription Business

Unbox the Inbox | Email Marketing for Subscription Businesses

Play Episode Listen Later Oct 14, 2024 17:20 Transcription Available


Send us a textUnlock the secrets of user-generated content (UGC) and revolutionize your subscription business.Join me, Gary Redmond, as we explore how leveraging the power of authentic customer content can not only build trust but also skyrocket your sales. Imagine converting casual browsers into loyal subscribers through the simple act of sharing their experiences.By creating engaging competitions and rewarding your customers for sharing photos and videos of your products, you can generate a treasure trove of genuine, impactful content. Learn the strategies to motivate this content creation and discover the dual benefits of boosting your organic reach while simultaneously attracting more referrals.Transform your marketing approach with UGC and watch your conversions soar. Hear how incorporating customer testimonials and vibrant collages in your emails can make your brand stand out, fostering credibility and closing sales.Dive into the world of paid advertising where UGC shines, offering an organic feel that lowers resistance on platforms like Facebook and Instagram. Discover the magic of a successful campaign featuring happy dogs and subscription boxes, demonstrating the persuasive power of relatable, visually appealing content. Consistently showcasing UGC on your website and across various channels not only builds long-lasting trust but also provides a cost-effective way to engage potential customers and drive business growth. Join me in this episode and embrace the untapped potential of user-generated content. Please suggest any topic you would like me to cover by visiting unboxtheinbox.com Join my newsletter at garyredmond.com/newsletter

EGGS - The podcast
Eggs 382: Solving Subscription Business Challenges with Nick Fogle

EGGS - The podcast

Play Episode Listen Later Oct 3, 2024 54:34


Summary In this conversation, Nick Fogle shares his journey from law school to becoming a successful entrepreneur and CEO of Churnkey. He discusses the challenges he faced while transitioning from a legal career to coding, the lessons learned from his first startup, Wave, and how he identified market needs that led to the creation of Churnkey. Nick also delves into the importance of funding, overcoming adversity, and maintaining a growth mindset as an entrepreneur. Takeaways Transitioning from law to coding can open new opportunities. Building a startup requires resilience and adaptability. Identifying market needs is crucial for success. Funding can be a tool for growth, not just a necessity. Overcoming personal and professional challenges builds character. Pressure can motivate and drive success in entrepreneurship. Incremental progress over time leads to significant achievements. Understanding customer feedback is key to reducing churn. Building a strong team is essential for scaling a business. Embracing change and being open-minded is vital for entrepreneurs. Chapters 00:00 From Law to Code: A Journey of Discovery 11:06 Building Wave: The Podcasting App Experience 25:37 Transitioning to Churnkey: Lessons Learned 37:58 Navigating Funding: From Bootstrap to Venture 48:50 Overcoming Adversity: The Entrepreneurial Mindset ----Credits:Hosted by Michael Smith and Ryan RoghaarProduced by Ryan RoghaarTheme music: "Perfect Day" by OPM  The Carton:https://medium.com/the-carton-by-eggsFeature with Zack Chmeis of Straight Method up now! https://medium.com/the-carton-by-eggs/zack-chmeis-35dae817ac28   The Eggs Podcast Spotify playlist:bit.ly/eggstunes   The Plugs:The Showeggscast.com@eggshow on twitter and instagram On iTunes: itun.es/i6dX3pCOn Stitcher: bit.ly/eggs_on_stitcherAlso available on Google Play Music!   Mike "DJ Ontic" shows and infodjontic.com@djontic on twitter   Ryan Roghaarhttp://rogha.ar

James Sinclair's Business Broadcast podcast
This is why Subscription Business are SO DIFFICULT to grow!

James Sinclair's Business Broadcast podcast

Play Episode Listen Later Sep 23, 2024 61:45


Today we're talking to someone who has built a subscription business, they're making a £2000 a month but are struggling to take things to the next level. Subscription based models sound wonderful but in reality, are very very difficult to scale, find out more in this episode. Welcome to the Business Broadcast Podcast! Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business. James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success. Find out more from Shaun here: the555club.co.uk  Sign up to my weekly newsletter 'The James Sinclair Letter' here: https://www.jamessinclair.net/the-letter   Find out your Entrepreneurial DNA and take our '8 Traits of the Greats' Quiz: https://jamessinclair.scoreapp.com Try Entrepreneurs University 14 Day FREE Trial Here ►  https://jamessinclair.net/entrepreneurs-university-free-trial/ Get your tickets to our next event here ► https://www.jamessinclair.net/events Apply to be on my podcast here ► https://jamessinclair.net/podcasts/ Watch the podcast on YouTube ► https://www.youtube.com/@jamessinclairspodcast

De-stress Your Business
E128: Grow Like a Subscription Business, with Louise White

De-stress Your Business

Play Episode Listen Later Aug 19, 2024 49:27


Does your revenue feel like a leaking bucket, where more effort pours in than value pours out?     Many entrepreneurs tirelessly chase new sales and pump resources into various business areas, only to find that their overall valuation barely budges. This constant grind can lead to burnout and frustration, leaving business owners questioning which parts of their revenue truly drive value and which are just exhausting their resources.   The uncertainty and stress of not knowing how to optimize or where to channel efforts effectively can stifle growth and innovation.   Enter Louise White, a titan in transforming business revenue and a visionary in market strategy. Having orchestrated the turnaround and explosive growth of numerous businesses, Louise consistently turns stagnant revenue streams into massive wealth generators.    From redefining media companies in the digital age to achieving a monumental 28X return on a business exit, her strategies have proven to be goldmines.   In today's episode, we sit down with Louise to uncover: The secrets to distinguishing between high and low-value revenue. Proven strategies for restructuring your business model to focus on the most profitable areas. Insightful anecdotes from her own experience of turning struggling media companies into lucrative ventures.   Don't miss this opportunity to reshape your perspective on revenue and propel your business to new heights with Louise White's expert guidance!   #BusinessGrowth #RevenueOptimization #LouiseWhite #Podcast #Entrepreneurship #BusinessStrategy   ---   Helpful resources: LinkedIn- https://www.linkedin.com/in/louisewhite Twitter- https://twitter.com/louisecwhite

Ecommerce Coffee Break with Claus Lauter
CEO Reveals: 5 Simple Steps to Subscription & Loyalty Mastery — Gabriella Tegen | How to Boost Repeat Purchases, Why Simple Loyalty Programs Work Best, Effective Loyalty Rewards and Tiers, Strategies to Reduce Churn in Subscriptions (#317)

Ecommerce Coffee Break with Claus Lauter

Play Episode Listen Later Jun 26, 2024 31:38 Transcription Available


In this podcast episode, we explore how to leverage subscriptions and loyalty programs together to boost repeat purchases. Our featured guest on the show is Gabriella Tegen, founder and CEO of Smartrr.com Topics discussed in this episode: Why combining subscriptions and loyalty programs is a powerful strategy for increasing repeat purchases and customer retentionWhat types of products work best for subscription and loyalty program combinations (e.g. supplements, pet products, baby products)Why simple loyalty programs focused on referrals can be more effective than complex point systemsWhat types of rewards and tiers can be effective in loyalty programs, from bonus points to exclusive perksHow unredeemed loyalty points can become a financial liability for businessesWhat strategies can help reduce churn in subscription-based businessesLinks & Resources Website: https://smartrr.com/Shopify App Store: https://apps.shopify.com/smartrrLinkedIn: https://www.linkedin.com/company/smartrrapp/X/Twitter: https://x.com/smartrr_app?lang=en Get access to more free resources by visiting the podcast episode page att.ly/A_4-aSubscribe & Listen Everywhere: Listen On: ​ecommercecoffeebreak.com | Apple Podcasts | Spotify | YouTube | Podurama  How did you like this episode? Send us a Text Message.Join the "Founder's Sidekick" Program - The “Founder's Sidekick” is an asynchronous private coaching program designed for busy entrepreneurs, marketing executives, and founders to address burning business questions when starting and running an online business on Shopify's ecommerce platform. Visit https://ecommercecoffeebreak.com/start to learn more.Sign up for our free newsletter and become a smarter Shopify merchant. We scour and curate content from 50+ news sources, saving you hours of research and helping you stay on top of your ecommerce game with the latest news, insights, and trends.Ideal for online sellers, merchants, marketers, and DTC brands on Shopify who want to stay informed but are short on time. Join free. Every Thursday in your inbox. 100% free. Sign up at https://newsletter.ecommercecoffeebreak.com

Real Money Real Business Podcast
RMRB 884 - Building a Subscription Business Making $15K per Month in the News & Education Niche

Real Money Real Business Podcast

Play Episode Listen Later Jun 11, 2024 14:50


In this episode, Lauren talks to the seller of a subscription-based digital product business created in September 2016 in the news & education, employment, and lifestyle niches. Listen in to find out how the business makes an average of $15,000 per month in net profit, why the seller has decided to sell, the lessons learned from running the business, and much more. Visit https://app.empireflippers.com/listing/76593 to learn more about this business.

The Big Success Podcast
Membership Economy Expert Robbie Baxter: How to Build a Profitable Subscription Business

The Big Success Podcast

Play Episode Listen Later Jun 1, 2024 8:25 Transcription Available


Join Robbie Baxter as she shares expert strategies for building a successful subscription business. In her interview, she underscores the importance of fostering a sense of membership and cultivating trust within the community. She emphasizes the necessity of understanding organizational culture, developing effective systems, surrounding oneself with the right community, adopting a growth-oriented mindset, and strategically leveraging goals for sustained business success. Watch the full episode on Youtube: https://youtu.be/E8ivQUK8ahs.About Robbie Kellman Baxter:                                           Robbie Kellman Baxter is  a leading expert in subscription pricing and digital communities, has advised over 100 organizations across various industries, including the NBA and Microsoft, over the past 21 years. She hosts the podcast "Subscription Stories" and has developed popular LinkedIn Learning courses on business topics. Her acclaimed books, "The Membership Economy" and "The Forever Transaction," explore the shift to subscription models. A former strategy consultant and Silicon Valley product marketer, Robbie holds an MBA from Stanford and graduated with honors from Harvard. Please click here to learn more about https://robbiekellmanbaxter.com/About Brad SugarsInternationally known as one of the most influential entrepreneurs, Brad Sugars is a bestselling author, keynote speaker, and the #1 business coach in the world. Over the course of his 30-year career as an entrepreneur, Brad has become the CEO of 9+ companies and is the owner of the multimillion-dollar franchise ActionCOACH®. As a husband and father of five, Brad is equally as passionate about his family as he is about business. That's why, Brad is a strong advocate for building a business that works without you – so you can spend more time doing what really matters to you. Over the years of starting, scaling and selling many businesses, Brad has earned his fair share of scars. Being an entrepreneur is not an easy road. But if you can learn from those who have gone before you, it becomes a lot easier than going at it alone.Please click here to learn more about Brad Sugars: https://bradsugars.com/Learn the Fundamentals of Success for free:The Big Success Starter: https://results.bradsugars.com/thebigsuccess-starter

Crickets to Cha-Chings
171. Start a Niche Subscription Business for Printables: Live Coaching Call

Crickets to Cha-Chings

Play Episode Listen Later Apr 29, 2024 41:47


In this live episode of the Crickets to Cha-Chings podcast, Julie Berninger and Sasha Hutchison discuss strategies for growing an Etsy business off of the platform. They provide guidance to Naomi, an Etsy seller selling printables, on how to expand her business and reach a wider audience. The conversation covers topics such as building an email list, repurposing content for social media, and creating YouTube videos. They emphasize the importance of niching down and finding the right platforms to connect with the target audience. The hosts also highlight the need for traffic generation and suggest exploring Facebook groups as a potential avenue for growth. In this conversation, Julie and Sasha discuss the importance of trying new things and not being afraid to fail in business. They also explore the target audience for Naomi's products, including Sunday school teachers, camp directors, and homeschooling parents. They emphasize the need to understand the specific needs and interests of these target customers in order to create relevant and valuable products. The conversation also touches on the potential for affiliate marketing and the importance of staying focused on the core topic of the business. Gold City Ventures Beyond Program: https://goldcityventures.com/beyond/ Takeaways Building an email list is crucial for growing an Etsy business off of the platform. Repurposing content for social media can help save time and reach a wider audience. Creating YouTube videos can be an effective way to showcase products and attract customers. Niching down and finding the right platforms to connect with the target audience is essential for business growth. Generating traffic is a challenge for Etsy sellers, and exploring Facebook groups can be a potential solution. Don't be afraid to try new things in your business and allow yourself to fail. Understand the specific needs and interests of your target audience to create relevant and valuable products. Consider the potential for affiliate marketing to promote complementary products to your target audience. Stay focused on the core topic of your business to avoid confusing or losing your audience.

Real Money Real Business Podcast
RMRB 849 - Building a Subscription Business Making $6K per Month in the Finance Niche

Real Money Real Business Podcast

Play Episode Listen Later Apr 3, 2024 13:01


In this episode, Lauren talks to the seller of a subscription and info product business created in January 2014 in the finance and employment niches. Listen in to find out how the business makes an average of $6,239 per month in net profit, why the seller has decided to sell, the lessons learned from running the business, and much more. Visit https://app.empireflippers.com/listing/75953 to learn more about this business.

Unbox the Inbox | Email Marketing for Subscription Businesses
Building An Optimised Subscription Business | All Things Automations w/ Stefan Pretty

Unbox the Inbox | Email Marketing for Subscription Businesses

Play Episode Listen Later Feb 5, 2024 64:24 Transcription Available


Uncover the secrets of thriving in the subscription-based economy with Stefan Pretty, the Founder & CEO of Subbly, who joins us to share his entrepreneurial adventures.Get ready to navigate the highs and lows of establishing and scaling a subscription business, as Stefan dishes on the early days of Subbly and the thrill of securing those initial paying customers.This episode is a trove of wisdom for anyone looking to crack the code of customer engagement and retention, armed with the tools and strategies that have proven successful for Subbly.Hear how Subbly helped BusterBox brave the fiery pit of Dragon's Den and emerged with valuable lessons, even as the Masters golf tournament swung in with a plot twist.From crafting cart abandonment emails that reel customers back in, to implementing incentivizing automations that keep subscribers hooked, Stefan & Gary articulate the best tips for fostering loyalty in a market that's constantly in flux.Listen closely – the tips shared here could be the game-changer for your e-commerce hustle.Rounding off, we dissect the pillars of subscription box triumph – routine, adaptability, and an unyielding focus on aligning offers with the audience's desires.Stefan reveals his personal regimen that underpins his professional success, while also emphasizing the critical role of strategic email marketing, amplified by AI.Don't miss the chance to leverage these expert strategies and elevate your business in the challenging landscape of 2023. Please suggest any topic you would like me to cover by visiting unboxtheinbox.com Join my newsletter at garyredmond.com/newsletter

Startups in Stilettos
Revisit: Building a Subscription Business from the Ground Up with Marnie Madras

Startups in Stilettos

Play Episode Listen Later Jan 30, 2024 31:36


As the mother to four children under the age of 10, Marnie will tell you herself; she loved being pregnant. So much so she couldn't bear the idea that there were Mothers out there struggling with their pregnancies and failing to find the support they needed that solely focused on them. Marnie recognized the challenge in this, as she recalls feeling like she was losing her identity as she further transitioned into motherhood. Supporting women through this transition and shaking up the way women truly experience pregnancy is what Marnie has dedicated herself to in the building of her company.  In today's episode, we sit down with Marnie Madras, founder, and CEO of Rumbly, a modern DTC pregnancy lifestyle wellness brand that helps women navigate the transition to motherhood while bringing more joy to the overall experience. She shares with us how they accomplish this through a monthly subscription and stand-alone themed boxes, her process of bringing her vision into creation, how the search for a co-founder held her back, the key to outsourcing for your business, and so much more!   This week on Startups in Stilettos:   Meet Marnie (2:56)  How Marnie came up with the idea for her business (3:29)  Marnie's process of bringing Rumbly into creation (7:14) What held Marnie back from getting started (8:59)  The benefits of outsourcing for what you already know (12:32) Marnie explains her subscription model (14:24) Matrescence and the process of losing your identity in the journey to motherhood (18:54) Marnie discusses the shift in the conversation around pregnancy (21:34) Stephanie and Jess talk establishing your business on new platforms (24:55)   Join us for Entreprenista Founders Weekend: Join us from May 3-5th at The Ritz-Carlton in Orlando for your opportunities to connect and build relationships with the most powerful women in business. We can't wait to be with you in person at our Founders Weekend Wealth & Wellness Retreat. Reserve your tickets here.  Connect with me on Instagram @stephjillcartin and @entreprenistas and send me a DM and introduce yourself! I can't wait to learn more about you and your business. Are you ready to make meaningful business connections that lead to real business results? Join our Entreprenista League community of women founders at entreprenista.com/join! You'll have access to a private community of like-minded Entreprenistas who are making an impact in business every day, special discounts on business products and solutions, exclusive content, private events, the opportunity to have your story featured on our website and social channels, and access to Office Hours with top founders who have been on our show! We can't wait to welcome you, support you, and be part of your business journey! Thanks for tuning into this week's episode of The Entreprenista Podcast – the most fun business meeting for women founders and leaders. If you enjoyed this episode, please subscribe to the show and leave a review wherever you get your podcasts. Apple Podcasts | TuneIn | Spotify | Stitcher | iHeart Radio | GooglePlay Be sure to share your favorite episodes across social media to help us reach more amazing female founders, like you. Don't forget to follow us on Instagram, and LinkedIn and for more exclusive content, tips, and insight, join our community of founders right here.  

The Low Energy Leads Show: For Creative Entrepreneurs Scaling Up
How they turned a law firm into a subscription business with Chris Valdheims

The Low Energy Leads Show: For Creative Entrepreneurs Scaling Up

Play Episode Listen Later Jan 24, 2024 35:18


Thinking about making your service a subscription? Subscriptions are an exciting business model, but it's still pretty new for service providers. Designers, copywriters—even lawyers are rethinking the idea of a retainer and creating memberships and communities instead. This episode is an interview with Chris Valdheims, co-founder of Counsel for Creators, not your typical law firm. Counsel for Creators focuses entirely on creative businesses. They've created a legal subscription service that makes their work super accessible to even creatives just starting out. They pair that with packaged services like trademarks and business formation.  You'll love this episode if: 1) You're thinking of launching a membership 2) You are testing out different business models 3) You're scaling beyond yourself Step off the marketing treadmill when you get the Low Energy Leads newsletter. Mentioned in this Episode Counsel for Creators MixMax AutoPilot Connect with Chris LinkedIn Counsel for Creators Hypermemoir podcast Hypermemoir newsletter Connect with Lex Website Newsletter LinkedIn Buy Me a Coffee Sponsor This episode is brought to you by Shortwave from Uproar Coaching. Shortwave is an on demand coaching experience for women and femmes who want to be their most colorful selves at work. Learn more at ⁠⁠⁠https://www.uproarcoaching.com/shortwave⁠ Credits Episode edited by Ani Villarreal https://www.anivillarreal.com/ Music from Uppbeat (free for Creators!) | License code: CYHCUU5DLPVC8OTQ Thank you for being part of the Low Energy Leads community! Leave me a voicemail with your thoughts on this episode. --- Send in a voice message: https://podcasters.spotify.com/pod/show/lex-roman/message

Ecommerce Empire Builders
Easiest Way To Start A Dropshipping Subscription Business In 2024

Ecommerce Empire Builders

Play Episode Listen Later Jan 5, 2024 6:36


Welcome to 2024, where the dropshipping landscape is evolving rapidly, and subscription-based models are becoming increasingly popular! In this video, I'll guide you through the easiest and most effective way to start a dropshipping subscription business. This model not only ensures a steady revenue stream but also builds a loyal customer base, making it a highly attractive option for entrepreneurs.We'll explore:

The Abundant Accountant
Episode 128 | Subscription Business Model For Accounting Firms: Why Do You Not Need A Scope Of Work With Ron Baker

The Abundant Accountant

Play Episode Listen Later Jan 1, 2024 29:25


Joining us today is the co-author of the book Time's Up!: The Subscription Business Model for Professional Firms. Ronald J. Baker, the founder of VeraSage Institute, explains how he does not need a scope of work and why you should follow that path. He touches on the power behind transformation and the downside of having billable hours, value pricing, and fixed pricing. Ron also describes the Subscription Model and his Monthly Bookkeeping Text Firm. Join us in our valuable conversation with Ron today.   Love the show? Subscribe, rate, review, and share! https://theabundantaccountant.com/

Built to Sell Radio
Ep 421 How to Create Recurring Revenue with Robbie Kellman Baxter

Built to Sell Radio

Play Episode Listen Later Dec 22, 2023 57:24


If you've ever wanted to create recurring revenue inside your business you'll want to listen to today's episode of Built to Sell Radio. The show is the third in our three-part expert series and features a conversation between John Warrillow, the author of The Automatic Customer: Creating a Subscription Business in any Industry, and Robbie Kellman Baxter, the author of The Membership Economy and The Forever Transaction -- two of the world's leading experts on subscription models in one episode.

The Leaders Lab
Building a Self-Sustaining Business and Maximizing Value with John Warrillow

The Leaders Lab

Play Episode Listen Later Dec 12, 2023 34:34


So excited to bring you this week's episode discussing something that would benefit business owners and aspiring business owners around the world - specifically on the topic of building a business that is able to thrive without you in it's daily operations.My guest this week happens to be one of my favorite authors. He makes this value-packed discussion possible by sharing his years and years worth of experience and expertise in:- Building successful businesses and selling them- Business valuation and owner dependence- Improving and preparing a business for a valuable exit- Employee engagement and compensation and how it ties to business outcomes- Recurring revenue models in different industries- Private Equity deals in a post-COVID worldAnd more!ABOUT OUR GUESTJohn Warrillow is the Founder and CEO of The Value Builder System™, a sales and marketing software for business advisors to find, win and keep their best clients. It combines tools and ready-made content for accountants, brokers, consultants, and financial advisors who focus on helping owners protect, grow and realize the value of their business. John is the author of the bestselling book, Built to Sell: Creating a Business That Can Thrive Without You, which was recognized by both Fortune and Inc magazines as one of the best business books of 2011. Built to Sell has been translated into 12 languages. John's next book, The Automatic Customer: Creating a Subscription Business in Any Industry, was released by Random House in February 2015 and has since been translated into eight languages. In 2021, John released The Art of Selling Your Business: Winning Strategies & Secret Hacks for Exiting on Top. This completes the trilogy of books which teach business owners how to build, accelerate, and harvest the value of their company.As the host of Built to Sell Radio, John has interviewed hundreds of founders about their exit. Forbes ranked John's podcast as one of the ten best podcasts for business owners. Before founding The Value Builder System™, John started and exited four companies.You can learn more about John and his work here: builttosell.comABOUT OUR HOSTKen Eslick is an Entrepreneur, Author, Podcaster, Tony Robbins Trainer, Life Coach, Husband of 35+ Years, and Grandfather. Ken currently spends his time as the President & Founder of The Leaders Lab where he and his team focus on Senior Leadership Acquisition. They get founders the next level C-Suite Leaders they need to go from being an Inc. Magazine 5000 fastest growing company to $100,000,000 + in revenue. You can learn more about Ken and his team at theleaderslab.coListen to more episodes on Mission Matters:https://missionmatters.com/author/ken-eslick/

Empowering Entrepreneurs The Harper+ Way
The Secrets of SinglesSwag: Jonathan Beskin's Story of Building a Unique Subscription Business

Empowering Entrepreneurs The Harper+ Way

Play Episode Listen Later Nov 1, 2023 54:27 Transcription Available


Jonathan Beskin is the Founder and CEO of SinglesSwag, a subscription service designed to empower single women. In less than five years, Jonathan's startup has accumulated $60 million in revenue. He has been featured twice in the Inc. 5000 list.Jonathan Beskin began his career in banking, but quickly realized that it wasn't his true passion. Despite always wanting to be an entrepreneur, Jonathan struggled with self-doubt and anxiety. His entrepreneurial journey started while he was a business school student at FAU, where he enrolled in an executive program designed for working professionals.During this program, Jonathan studied real-life case studies of businesses with recurring revenue models, such as Netflix and Birchbox. Inspired by these discussions, he made the decision to focus on starting his own recurring revenue model business instead of solely advancing his career. Jonathan chose to keep his current job and devoted his efforts to building his own business in this field.Jonathan shares his experiences, challenges, and successes as an entrepreneur, providing valuable insights for aspiring business leaders. Here are three key takeaways from this inspiring episode:

Dan Kennedy's Magnetic Marketing Podcast
How To Capitalize On The Subscription Business Model

Dan Kennedy's Magnetic Marketing Podcast

Play Episode Listen Later Oct 13, 2023 43:56


Subscription services are everywhere these days, from streaming to info marketing to software to food delivery and beyond. Why are they so popular, and how can this business model be leveraged to your advantage? Past president of the Information Marketing Association Robert Skrob interviews CEO and publisher of Subscription Insider, Kathleen Greenler Sexton, to better understand why subscription based businesses have become so well received by consumers, as well as to learn tips and strategies for growing your customer base quickly without tons of churn later. MagneticMarketing.com NoBSLetter.com

Confessions with Jess and Cindy
Building a 7-figure subscription business with Amy Eisenstein

Confessions with Jess and Cindy

Play Episode Listen Later Sep 14, 2023 41:55


"I think, like everybody, there's always imposter syndrome, right? You know, this feeling of, am I really that good? Or am I as good as I pretend to be on TV?" - Amy EisensteinFor many nonprofit consultants, the temptation to diversify services is ever-present. This approach, although seemingly effective, can dilute one's specialty, leaving you wading through tasks that might not align with your core passion. If Amy Eisenstein's story sounds familiar, you know the challenge: offering myriad services but missing out on harnessing the true power of your expertise.Dive into Amy's business evolution from Amy Eisenstein LLC to Capital Campaign Pro. Discover how she harnessed the power of niche specialization, and revolutionized her revenue stream by transitioning to a subscription model. If you're in the nonprofit consultancy realm, this episode is your guide to optimizing and refining your services. Listen to the full episode now and unearth the secrets to niche mastery in nonprofit consulting.Highlights:Building a successful nonprofit coaching or consulting business requires specializing in a niche and choosing clients that align with your expertise and interests.Creating a subscription model for services can help generate recurring revenue and provide ongoing support and guidance to clients.Onboarding new clients is crucial for their success, and it involves introducing them to the team, providing orientation to the program, and ensuring they have access to resources and support.Retention and engagement of clients can be achieved through regular check-ins, monitoring their participation, and offering personalized support and guidance.Growing an email list and utilizing email marketing strategies, such as providing valuable free resources and nurturing leads, can be an effective way to attract and convert ideal clients.Connect with Amy:Website: https://capitalcampaignpro.com/For Nonprofit Consultants: https://capitalcampaignpro.com/toolkit-for-consultants/Find Us Online: https://www.confessionswithjessandcindy.com/Connect with Cindy:Cindy Wagman Coaching https://cindywagman.com/ The Good Partnership https://www.thegoodpartnership.com/Connect with Jess: Out In the Boons: https://www.outintheboons.me/ Hosted on Acast. See acast.com/privacy for more information.

Ditching Hourly
Zach Stevens - Going from Zero to $36k MRR with a Product-Marketing-as-a-Service Subscription Business

Ditching Hourly

Play Episode Listen Later Sep 11, 2023 59:18


Graphic designer, product marketer, and co-founder of Conversion Factory, Zach Stevens, joined me on Ditching Hourly to explain how he and his co-founders went from zero to more than $36k MRR in one month with a productized subscription business that helps SaaS teams turn traffic into revenue. Zach's links: https://www.conversionfactory.co/ https://twitter.com/zstvns https://www.designdive.co/ Talking Points:The fear of not being able to fulfill client expectations led to starting small with a hypothesis-driven approach.Communication is primarily done through asynchronous channels like Notion and Loom, with some exceptions for in-person meetings.Building rapport with clients and providing detailed explanations of deliverables enhances communication and feedback.Centralizing communication efforts avoids the nightmare of having to navigate multiple platforms and channels.Work-life harmony is about acknowledging that work and personal life will fluctuate in priority.Quotable Quotes:“Our conversion rate only had to be in the thousandths of a percentage point to be booked solid.”“We only wanna take on five clients at one time to see how well we manage the workload.”“More than half of our clients right now are on a higher strategy-based $9k/mo tier.”“At the initial onset, it did feel like there was a lot going on, but then it kind of fizzled out, and things got a lot smoother.”“We love using tools like Loom, anything that we can do to make it feel like we are in the room with them.”“If you follow this model and it works, you're going to have way more concurrent clients than you're used to.” ----Do you have questions about how to improve your business? Things like: Value pricing your work instead of billing for your time? Positioning yourself as the go-to person in your space? Productizing your services so you never have to have another awkward sales call or spend hours writing another custom proposal? Book a one-on-one coaching call with me and get answers to these questions and others in the time it takes to get ready for work in the morning.Best of all, you're covered by my 100% satisfaction guarantee. If at the end of the call, you don't feel like it was worth it, just say the word, and I'll refund your purchase in full.To book your one-on-one coaching call, go to: https://jonathanstark.com/callI hope to see you there!

Subscriptions: Scaled - A podcast about subscription businesses
Building a Baking Subscription Business with Kristen Baileys at Bake Eat Love Box

Subscriptions: Scaled - A podcast about subscription businesses

Play Episode Listen Later Jul 24, 2023 29:16


On this episode, we talk with Kristen Baileys, Co-Founder and CEO at Bake Eat Love Box (BEL Box), a subscription company that sends monthly boxes of ingredients to members to help them become better bakers. The idea was born out of Kristen's desire to become a better baker, something she admits she wasn't very good at. She searched for a baking subscription service and couldn't find one, so she decided to start one. After doing her research in 2018, Kristen decided to use the Cratejoy platform, which was perfect for her needs at the time. Today the company runs on Shopify, which isn't necessarily a subscription platform, but it fills her needs perfectly.They started as a bootstrapped company and proudly remain bootstrapped to this day. That means tight budgets, and they rely on partnerships and SEO-driven PR for most of their marketing and customer acquisition efforts.When they launched, Kristen thought their customer base would be females in their late 20s to early 40s. While that demographic does participate, a large segment of their customers are grandparents. The bottom line is the service isn't about baking the desserts. It's more about sharing the experience with friends and family.Resources mentioned:Bake Eat Love BoxCratejoyShopifyReady to get started with Rebar?Head to rebartechnology.com or email info@rebartechnology.com to schedule a call today.#SaaS #Subscriptions #SubscriptionBusiness #Churn #SubscriptionService

In The Trenches
Lessons Learned From 400+ Post-Exit Entrepreneurs: John Warrillow, Host of Built to Sell Radio

In The Trenches

Play Episode Listen Later Jul 22, 2023 53:43


This episode is brought to you by ⁠⁠⁠⁠⁠⁠⁠⁠Oberle Risk Strategies⁠⁠⁠⁠⁠⁠⁠⁠, the leading insurance brokerage and insurance diligence provider for the search fund community. The company is led by ⁠August Felker⁠⁠⁠⁠⁠ (himself a 2-time successful searcher), and has been trusted by search investors, lenders, searchers and CEOs for over a decade now. Their due diligence offering (which is 100% free of charge) will assess the pros and cons of your target company's insurance program, including any potential coverage gaps, the pro-forma insurance pricing, and the program structure changes needed for closing. At or shortly after closing, they then execute on all of those findings on your behalf. Oberle has serviced over 900 customers across a decade of operation, including countless searchers and CEOs within the ETA community. * This episode is brought to you by ⁠⁠⁠⁠⁠⁠⁠⁠⁠Symphony⁠⁠⁠⁠⁠⁠⁠⁠⁠. Symphony not only performs technical due diligence engagements for search funds, Private Equity firms, and strategic acquirers, but they also partner with those buyers on an ongoing basis on all things product (outsourced development, team augmentation, new product prototyping, UI refreshes, QA professionalization, and so on). Symphony is offering a full 15% off of any of their services for listeners of In the Trenches. Just go to ⁠⁠⁠⁠⁠the ⁠⁠⁠⁠Contact form on their website⁠⁠⁠⁠⁠⁠⁠⁠⁠ and tell them that you're a listener of the podcast to receive this discount! * My guest today is John Warrillow, author of the bestselling book Built to Sell: Creating a Business That Can Thrive Without You, and Founder & CEO of The Value Builder System, a sales and marketing software tool for business advisors to find, win and keep their best clients. Built to Sell was recognized by both Fortune and Inc magazines as one of the best business books of 2011, and has been translated into 12 languages since its initial publication. John is also the author of The Automatic Customer: Creating a Subscription Business in Any Industry and The Art of Selling Your Business: Winning Strategies & Secret Hacks for Exiting on Top. John is also the host of Built to Sell Radio, a hugely popular podcast where he has interviewed over 400 SMB founders about their exits. Forbes ranked Built to Sell Radio as one of the ten best podcasts for business owners. Before founding The Value Builder System, John started and successfully exited four companies.

In the Sauce
Building DTC Makes a Lot of Sense (Sometimes)

In the Sauce

Play Episode Listen Later Jul 20, 2023 51:51


Angela Vranich is the co-founder and Chief Product Officer of Little Spoon, the baby to big kid food subscription company making healthy, nutritionally optimized food for every eating stage. On this episode of ITS, Angela tells Ali the story of Little Spoon, and how they've grown exclusively on DTC by focusing on serving the needs of their growing community, both with new product innovation and through educational content for new parents.In the Sauce is Powered by Simplecast.

The Digiday Podcast
Ray Chao explains how Vox Media is building up a podcast subscription business

The Digiday Podcast

Play Episode Listen Later Jul 18, 2023 53:22


Two years after Vox Media entered the podcast subscription business through the Cafe Studios acquisition, the publisher has “tens of thousands of active paying podcast subscribers,” said Vox Media svp and gm of audio and digital video Ray Chao on the latest Digiday Podcast. “We acquired Cafe a little over two years ago, and we've learned a ton from just operating that business over the last two-plus years,” Chao said. Vox Media's broader subscription business continues to grow as it adds more podcast subscription options. In June, the publisher introduced a subscription program for narrative crime podcast “Criminal Plus.” And it followed with a subscription-based tier for “Where Should We Begin? With Esther Perel.” Vox Media is prioritizing acquiring subscribers directly but has been exploring third-party subscriber acquisition sources. For example, “Where Should We Begin?” sells subscriptions through Apple Podcasts at $4.99 per month or $41.99 per year. Chao said that third-party subscription sellers like Apple provide a means of capturing “lower propensity subscribers,” i.e. people who may be unwilling to go through the full direct sign-up funnel. Looking ahead, Chao has an eye on how Vox Media may differentiate the subscriptions it offers directly from those offered through third parties as a way to incentivize subscribers to sign up directly, such as by offering access to email newsletters and events, but still have a compelling pitch to those lower propensity subscribers, such as by providing access to exclusive audio content that is also available to direct subscribers. Vox Media has already implemented the dual-subscription option with Cafe Studios' podcasts. “An early learning for us is how do we work with both [subscriber acquisition] paths and maximize our consumer revenue business and engage more of our subscribers,” Chao said.

Startups in Stilettos
Building a Subscription Business from the Ground Up with Marnie Madras

Startups in Stilettos

Play Episode Listen Later Jul 18, 2023 31:25


As the mother to four children under the age of 10, Marnie will tell you herself; she loved being pregnant. So much so she couldn't bear the idea that there were Mothers out there struggling with their pregnancies and failing to find the support they needed that solely focused on them. Marnie recognized the challenge in this, as she recalls feeling like she was losing her identity as she further transitioned into motherhood. Supporting women through this transition and shaking up the way women truly experience pregnancy is what Marnie has dedicated herself to in the building of her company.  In today's episode, we sit down with Marnie Madras, founder, and CEO of Rumbly, a modern DTC pregnancy lifestyle wellness brand that helps women navigate the transition to motherhood while bringing more joy to the overall experience. She shares with us how they accomplish this through a monthly subscription and stand-alone themed boxes, her process of bringing her vision into creation, how the search for a co-founder held her back, the key to outsourcing for your business, and so much more!   “When you believe in yourself, and you believe in what you're doing, and you're so passionate about what you're doing, the process will naturally get you to where you're going. You've just got to be patient, but you will get there.“ - Marnie Madras  This week on Startups in Stilettos:   Meet Marnie (2:56)  How Marnie came up with the idea for her business (3:29)  Marnie's process of bringing Rumbly into creation (7:14) What held Marnie back from getting started (8:59)  The benefits of outsourcing for what you already know (12:32) Marnie explains her subscription model (14:24) Matrescence and the process of losing your identity in the journey to motherhood (18:54) Marnie discusses the shift in the conversation around pregnancy (21:34) Stephanie and Jess talk establishing your business on new platforms (24:55)   Our favorite quotes:   “You just go from one step to the other. one person leads to the next, or one learning leads to the next. And you discover something, and you think you can't do it. And you take on that task, and then you move on to the next, and you almost just have to have this true belief in the process.” - Marnie Madras  “I've really learned to go on gut, go for things and don't hold yourself back, you will figure things out on the way, and don't convince yourself of something that's that's not necessarily true.” - Marnie Madras   “Outsource for what you know. So you can focus on the other stuff. It's nice having those external eyes on it. But really, you will turn better work out if it's an area that you are familiar with. Because you can push, you can challenge, you can motivate, you can encourage, and you know how to do that when it's in that area of the business that you are familiar with.” - Marnie Madras   Join the Entreprenista League today at entreprenista.com/join. We can't wait to welcome you, support you, and be part of your business journey!   Connect with Marnie: Instagram  Rumbly  Linkedin Connect with your Startups in Stilettos hosts: Jessica Abo on Instagram Jessica Abo on LinkedIn Learn more about Jessica Abo here Carlyn Bushman on Instagram Carlyn Bushman on LinkedIn Learn more about Carlyn Bushman here Get Featured on Startups in Stilettos Want a chance to be featured on Startups in Stilettos? We're currently accepting applications from our Entreprenista League members to be featured on the show! Think of the Entreprenista League as your team members in what can be a lonely startup founder's journey. You'll have access to a private community of like-minded female startup founders who are

Experience Strategy Podcast
How to Create a Successful Subscription Business

Experience Strategy Podcast

Play Episode Listen Later Jul 12, 2023 42:07


Wondering how to succeed in a subscription business? In this episode, you'll hear from the authority in subscription business models. You'll learn how to identify the long and short-term problems that your customer most needs your support with, the cost value of meeting those needs with your product or experience, and the impact that subscriptions can have on your customer's experience, so you can provide continuous value with a forever transaction.  Robbie Kellman Baxter is a consultant, instructor, author and speaker. She wrote two bestselling books The Membership Economy and The Forever Transaction, hosts the podcast Subscription Stories, and has developed ten courses for LinkedIn Learning. Robbie has more than 20 years' experience providing strategic business advice to major organizations, including Netflix, Microsoft and the Wall Street Journal. She has been focused on subscription and membership models for the past twenty years. She earned her MBA from the Stanford Graduate School of Business, and she graduated with honors from Harvard College. You can find more about Robbie on her website https://robbiekellmanbaxter.com/  Whether you are creating, managing, or simply using subscriptions, you don't want to miss this eye-opening episode!  

Missions to Movements
How To Build High Quality Connections with Martine Resnick

Missions to Movements

Play Episode Listen Later May 31, 2023 33:25


Martine Resnick believes that if you intentionally build your community and your network with high-quality connections, you can go so much farther, quicker, faster. And it's also a lot more fun.After 20 years in corporate working for The Cartoon Network and Bumble & Bumble, Martine and her partner Eileen opened The Lola, a welcoming, purpose-driven women's co-working space and community in Atlanta. What's even more impressive? They secured their first 300 members before ever opening their doors!Martine walks us through her strategic strategies for raising money and making connections, the power of “Founder's Circles”, how partnerships have been critical to their growth, and how they build community thoughtfully and organically.In This Episode:Martine breaks down her entrepreneurial journey, following 20 years in corporate (The Cartoon Network, Bumble & Bumble, etc.) to community being the catalyst for opening The LolaHow Martine found her business partner Eileen, plus the benefits of this complementary pairing (more collaboration, leveraging one another's strengths)The intentionality behind how Martine cultivated community in Atlanta, hosting small events for 1-2 years BEFORE even opening their doors Why we need community and high-quality connections to stay accountable to ourselves and grow fasterHow Martine creates “stickiness” in her community and uses clear communication, resulting in stronger retention and more engagement from her membersResources & LinksConnect with Martine on LinkedIn and check out her beautiful co-working space in Atlanta, The Lola. Download her free guide to learn how to build high-quality connections in business.Martine recommends using Mighty Networks as an online community platform. Click here to start a free trial.What inspires website visitors to invest in your mission? Are you providing donors with a desirable online journey that keeps them coming back? Join my virtual session at the DonorPerfect Community Conference. I'll see you on June 6th and 7th! Applications for my Monthly Giving Mastermind program are now open. If you have been wanting to start a monthly giving program but haven't had the time or the team to make it happen, this is for you. We start in July, so apply now!Want to make Missions to Movements even better? Take a screenshot of this episode and share it on Instagram. Be sure to tag @positivequation so I can connect with you. Let's Connect! Send a DM on Instagram or LinkedIn and let us know what you think of the show! Head to YouTube for helpful digital marketing how-to videos and podcast teasers Want to book Dana as a speaker for your event? Click here!

DANCE BEHIND THE SCREEN; process, production, social media
Episode 129 | Subscription Business Models: Michael Wall, Sound For Movement

DANCE BEHIND THE SCREEN; process, production, social media

Play Episode Listen Later May 24, 2023 43:47


Michael Wall, one of the most innovative and impactful composers and educators in the world of contemporary music and dance, joins Martheya to talk about Subscription Based Models. They discuss nontraditional paths for careers in dance, music for dance, and gated content . (43:47) Episode Show kNOwtes | Podcast Home

Mentors Collective
Luxury Watches & How to Start a Watch Subscription Business with Matthew Gallagher

Mentors Collective

Play Episode Listen Later May 17, 2023 49:57


Matthew Gallagher, the founder and CEO of Watch Gang, joins Mentors Collective to talk about his journey from childhood poverty to building a multi-million dollar business. He shares his insights on entrepreneurship, marketing, and scaling a company. In this episode, Matthew discusses: -His childhood poverty and how it motivated him to succeed -How he started Watch Gang and grew it into a multi-million dollar business -His marketing strategies for acquiring new customers -His tips for scaling a company If you're an entrepreneur or anyone interested in learning more about entrepreneurship, marketing, or scaling a business, then you don't want to miss this episode of Mentors Collective. https://www.instagram.com/mattomic/ https://www.watchgang.com/ --- Support this podcast: https://podcasters.spotify.com/pod/show/mentors/support

How I Grew This
[Greatest Hits] VP of Growth at Blue Apron: Kar Paramasivam - Leading Growth in the Meal Subscription Business

How I Grew This

Play Episode Listen Later May 11, 2023 38:22


In this episode of How I Grew This podcast, Kar Paramasivam talks about the growth strategy at Blue Apron, a direct-to-consumer, chef-designed meal kit company. Starting his career as a banker, Kar shifted his focus to startups, where he got his first opportunity to lead a growth team at Shipt. From this point, Kar made his way through companies like Spacious.com (acquired by WeWork), Nutrafol, and CUUP, to his current role as a VP of Growth at Blue Apron. Kar shares some successful campaigns and approaches his team adopted to leverage Blue Apron's app and increase user retention and engagement.

The Business of Content
Taking your subscription business to the next level

The Business of Content

Play Episode Listen Later May 9, 2023 58:39


Of all the media revenue models, subscriptions can be the most tricky to execute well. There are just so many variables at play that impact a publisher's ability to succeed. You have to figure out what to place both in front of and beyond your paywall, how to price your subscription, how to convert free readers into paid subscribers, and how to reduce your churn.   And that's just scratching the surface. Getting one of these variables wrong can mean all the difference in determining whether a subscription business succeeds or fails.    That's why I convened a panel of experts to dive into the nuances of subscription economics and identify the strategies that will increase your chances for success. They included:   Peter Ericson, CEO of the Leaky Paywall subscription platform, which helps publishers seamlessly build their audience and grow paid subscriptions Michael Donoghue, CEO of Subtext, a platform that allows publishers to send text messages to their paid subscribers Jane Friedman, founder of The Hot Sheet, the most successful paid newsletter that covers the book industry Randy Cassingham, founder of This is True, possibly the world's first paid email newsletter  

Impact Pricing
How Subscription Business Model is Revolutionizing Pricing with Joe Woodard

Impact Pricing

Play Episode Listen Later Apr 24, 2023 30:15


As the founder and CEO, Joe Woodard empowers small business advisors to transform small businesses. He works toward this vision as the host of the annual Scaling New Heights conference, the host of Woodard Alliance, the head of Woodard Institute and various speaking and writing engagements he performs throughout the accounting and bookkeeping professions. In this episode, Joe discusses how to design a subscription pricing model that prioritizes building strong relationships with clients, empowering them, and generating a long-term impact on their businesses. This approach also helps increase the lifetime value of clients.   Why you have to check out today's podcast: Get an in-depth discussion on pricing result versus pricing transaction Understand how charging relationships works in a subscription pricing model Uncover how to price human connections that go beyond financial reasons   "Be bold with pricing. You are worth more than you think you are, and definitely more than your clients think you are." - Joe Woodard   Topics Covered: 01:29 - Talks about getting differentiated from the rest with his degree in classical Greek 03:37 - How his career path ended in Pricing 04:25 - What is so significant about the subscription business model? 06:16 - How do you price a relationship? 10:08 - Going in-depth into pricing for a relationship 13:40 - Measuring the service-provider-client relationship 15:12 - Going beyond financial outcomes when measuring the economics of relationship 16:25 - Discussions around Mark's objections: 'I don't see how you price for it [relationship] 17:02 - Pricing human connection that transcends economics 20:57 - The danger about price segmentation in relation to pricing relationship 22:03 - Pricing segmentation's end-goal in a subscription model 23:38 - Healthy subscription versus toxic subscription 25:48 - Driving customer lifetime value plus creating experiences for engagement 27:43 - Joe's pricing advice 29:19 - Connect with Joe   Key Takeaways: “We're intensely focused on the customer's outcome, and our outcomes become a means to that outcome. And therefore, we are pricing the relationship we have with the client because it's about the outcomes we're driving in that relationship.” - Joe Woodard “I am delivering, within the context of a relationship, value. And part of that is, I'm giving you attention at the individual level. Not a newsletter, not cookie cutter answers. There's something where you're individually being touched.” - Joe Woodard “Relationship economics is about the business outcomes or the business benefits that are gained by being in a relationship.” - Joe Woodard “The intensity of the relationships increases based on the value that you've added in the amount of attention that you're able to give.” - Joe Woodard   People / Resources Mentioned: Ron Baker: https://impactpricing.com/podcast/ep44-ronald-j-baker-trash-the-timesheet-exploring-opportunities-in-subscription-businesses/   Connect with Joe Woodard: LinkedIn: https://www.linkedin.com/in/quickbooksadvisor/ Website: https://www.woodard.com/   Connect with Mark Stiving: LinkedIn: https://www.linkedin.com/in/stiving/ Email: mailto:mark@impactpricing.com  

The Louis and Kyle Show
Rob Moore: Founder & CTO at Churnkey, How To Boost MRR and Reduce Churn At Your SaaS

The Louis and Kyle Show

Play Episode Listen Later Apr 16, 2023 52:17


Rob discusses the challenges of bootstrapping a marketplace as a solo founder, no code startup success, and the importance of solving a problem. He also shares his insights on solving problems with simple tools and SaaS company success patterns, finding and solving infinite amounts of small problems, and building a tool to combat customer churn.The conversation then moves on to personalized cancel flows for retaining customers, productizing internal tools in the data analytics space, and the one mantra for business success. Rob also talks about the differences between B2B and B2C marketing, challenges of scaling B2B and B2C startups, and the influence of early testimonials in the B2B sales process.Rob shares his thoughts on finding hidden gems and word of mouth marketing, the importance of long-term relationships with developer teams, and scaling strategy for a billing product. He also talks about using data to improve product decision making, making data-driven decisions with analytics for SaaS companies, and using recurrent neural nets for customer activity tracking.The conversation then moves on to beta studies on a new chart prediction tool, Shark Tank game theory, and the importance of pricing your product appropriately. Rob also shares his insights on the benefits and limitations of boosted revenue in subscription services, the importance of clear ROI and customer research in product development, and the commitment required for successful podcasting.Finally, Rob talks about his journey from hot takes to data-driven sports journalism, from hobby project to working with the NBA, and using Turkey to track data and billing logic. He also shares his thoughts on proactive customer retention for subscription businesses.Rob is a machine learning expert, graduating from the University of Oxford with honors for his Master's research. 

Accountant’s Advice Podcast by Hector Garcia, CPA
The Soul of Enterprise: ChatGPT, Subscription Business Model, and More

Accountant’s Advice Podcast by Hector Garcia, CPA

Play Episode Listen Later Apr 1, 2023 121:28


Conversation with Ed Kless, Ron Baker, and Greg Tirico from The Soul of Enterprise. Includes both live podcast episode and "bonus" patreon episode. Subscribe to the free podcast of TSOE: https://www.thesoulofenterprise.com/ Become a member to have access to Bonus Episodes: https://www.patreon.com/TSOE

Shopify Masters | The ecommerce business and marketing podcast for ambitious entrepreneurs
The 8-Figure Business Built on Vinyl Records and Subscriptions

Shopify Masters | The ecommerce business and marketing podcast for ambitious entrepreneurs

Play Episode Listen Later Mar 28, 2023 35:01


Matt Fiedler co-founded Vinyl Me, Please, a subscription-based vinyl-membership business, to give people the tangible connection to music they craved. After the first five years of bootstrapping, the business brought in over $11 million in revenue, and signed up more than 30,000 subscribers.For more on Vinyl Me, Please and show notes: https://www.shopify.com/blog/vinyl-me-please-subscription-business-success%20?utm_campaign=shopifymasters&utm_medium=youtube&utm_source=podcast

She Thinks Big - Women Entrepreneurs Doing Good in the World
234 Time's Up! with Ron Baker: Subscription Business Model for CPA Firms, Part 2

She Thinks Big - Women Entrepreneurs Doing Good in the World

Play Episode Listen Later Mar 22, 2023 30:40


*Want one piece of business strategy delivered daily to your inbox?* Subscribe here: geraldinecarter.com/subscribe How can CPAs grow their accounting practice when they're over capacity, underutilizing their talents and not providing optimal client support?  Many CPA firms still rely on the hourly billing business model, where the firm has to log more work hours providing services to increase revenue. It focuses on hours and deliverables, not on results and value. A compelling alternative is the subscription business model, where the provider enables serial transformations to the buyer, and continually adds value to the experience. The subscription model creates an opening for predictable, recurring, higher margin revenue.  In this week's episode, I talk about the subscription model with my guest, Ron Baker.  Ron is the founder of VeraSage Institute—the leading think tank dedicated to educating professionals internationally, and is a radio talk-show host on the www.VoiceAmerica.com show: The Soul of Enterprise: Business in the Knowledge Economy. Ron has authored seven best-selling books, including: The Firm of the Future; Pricing on Purpose; Measure What Matters to Customers; and Implementing Value Pricing. His latest book, co-authored with Paul Dunn, Time's Up!: The Subscription Business Model for Professional Firms, was published in November 2022.   In this two-part conversation (episodes 233 and 234), we talk about: Sale prices and multiples How AI can help scale businesses Disney and other big businesses using the subscription model Ways to “plus” your offer How CPA firms can shift to subscription model Highlights: — “We need to stop charging for the means and pricing the end.”  — “Strategy is about what you don't do. It's about the customers you don't have, the services you don't provide. It's all about trade offs. You simply can't be all things to all people.”  — “It's very difficult for a business to disrupt itself.”  — “CPAs have the ability to enable transformations. It's a privilege and a duty to help our customers, to make that impact on their life.” Connect with Ron: Website: https://www.thesoulofenterprise.com/ Ron's book: Time's Up: The Subscription Business Model for Professional Firms https://www.thesoulofenterprise.com/timesup Episode mentions: Subscription Business Model: Build Greater Wealth in Your CPA Firm, with Ron Baker https://businessstrategyforcpas.com/147 Time to Rethink Your Pricing Strategy?, with Ron Baker, Founder of VeraSage Institute https://businessstrategyforcpas.com/081 Breaking Away from the Mainstream Medical Model with Dr. Lewis Weiner https://businessstrategyforcpas.com/206 Selling Summit CPA for Multiples, with Jody Grunden https://www.businessstrategyforcpas.com/225 Hold My Beer and Watch Me Niche, with Josh Lance, CPA https://businessstrategyforcpas.com/212   Book mentions: Uncommon Sense, Common Nonsense by Jules Goddard https://www.amazon.com/Uncommon-Sense-Common-Nonsense-Organisations/dp/1846686024 Built to Sell: Creating a Business That Can Thrive Without You by John Warrillow https://www.amazon.com/Built-Sell-Creating-Business-Without-ebook/dp/B004IYISQW

She Thinks Big - Women Entrepreneurs Doing Good in the World
233 Time's Up! with Ron Baker: Subscription Business Model for CPA Firms, Part 1

She Thinks Big - Women Entrepreneurs Doing Good in the World

Play Episode Listen Later Mar 15, 2023 31:31


*Want one piece of business strategy delivered daily to your inbox?* Subscribe here: geraldinecarter.com/subscribe How can CPAs grow their accounting practice when they're over capacity, underutilizing their talents and not providing optimal client support?  Many CPA firms still rely on the hourly billing business model, where the firm has to log more work hours providing services to increase revenue. It focuses on hours and deliverables, not on results and value. A compelling alternative is the subscription business model, where the provider enables serial transformations to the buyer, and continually adds value to the experience. The subscription model creates an opening for predictable, recurring, higher margin revenue.  In this week's episode, I talk about the subscription model with my guest, Ron Baker.  Ron is the founder of VeraSage Institute—the leading think tank dedicated to educating professionals internationally, and is a radio talk-show host on the www.VoiceAmerica.com show: The Soul of Enterprise: Business in the Knowledge Economy. Ron has authored seven best-selling books, including: The Firm of the Future; Pricing on Purpose; Measure What Matters to Customers; and Implementing Value Pricing. His latest book, co-authored with Paul Dunn, Time's Up!: The Subscription Business Model for Professional Firms, was published in November 2022. In this two-part conversation (episodes 233 and 234), we talk about: Why Ron wrote his latest book, Time's Up Pricing strategy and positioning  Subscription model and DPC (direct primary care) doctors How the subscription business model can help CPAs transform their clients' life Highlights: — “If you go to the market with a common offering, you're going to command a common price.” — “The true value of accountants lie in guiding transformations. They have the power to advance their customers.” — “To differentiate, CPAs should be able to guide the customer to the desired future state.”   

Jake and Gino Multifamily Investing Entrepreneurs
Preparing to Sell Our Business with John Warrillow

Jake and Gino Multifamily Investing Entrepreneurs

Play Episode Listen Later Mar 2, 2023 44:05


In this interview Jake and Gino sit down with John Warrillow. The three talk about how companies are built to sell, why some companies are valued more than others and what you can do as an entrepreneur to maximize the value of your company. John Gives us experienced insights on what types of buyers there are, what criteria they look to in order to assess a business' worth and shed some light on why you always need to look at your business as the asset / insurance policy it is. Check out John's website here: https://builttosell.com “A Sellable Company is the Ultimate Insurance Policy.” - John Warrillow About guest: John Warrillow is the creator of The Value Builder System and author of The Automatic Customer: Creating a Subscription Business in Any Industry, Built to Sell: Creating a Business That Can Thrive Without You, and The Art of Selling Your Business. We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)

The Unofficial Shopify Podcast
Maximizing Retention: Tactics for Reducing Subscription Churn

The Unofficial Shopify Podcast

Play Episode Listen Later Jan 17, 2023 45:28


In this episode, we discuss the subscription business model and how to make it successful on Shopify. Our guest is Andriy Rudnyk, founder of Good Subscription Agency, who shares his insights on common mistakes brands make with subscriptions, the difference between good and bad subscription strategies, and advanced tactics for boosting subscriber conversions and reducing churn. We also discuss the growth of subscription businesses in eCommerce and the lessons that can be learned from the SaaS industry.Show LinksGood Subscription Agency - Get $595 off your first month with GSA.SUBTAThe Forever TransactionCheese GrottoAwtomicSkioRodeoSmartrrSponsorsFree 30-day trial of Zipify OCU - To get an unadvertised gift, email help@zipify.com and ask for the "Tech Nasty Bonus".Venntov, makers of SEO Manager, Order Lookup, and ClockedInRetention.com: Reclaim 5-10x Abandonment RevenueLoop Returns: Ecommerce Returns Management for ShopifyNever miss an episodeSubscribe wherever you get your podcastsJoin Kurt's newsletterHelp the showAsk a question in The Unofficial Shopify Podcast Facebook GroupLeave a reviewSubscribe wherever you get your podcastsWhat's Kurt up to?See our recent work at EthercycleSubscribe to our YouTube ChannelApply to work with Kurt to grow your store.

Grow Your Impact, Income & Influence
Matthew Holman: Unboxing Success - The Ins and Outs of a Box Subscription Business.

Grow Your Impact, Income & Influence

Play Episode Listen Later Dec 27, 2022 25:50


In this episode, we speak with the founder of a successful box subscription business about the ins and outs of building and running this type of company. From choosing the right products to curate in the boxes to finding and retaining subscribers, we cover all the key factors that have contributed to the company's unboxing success. Plus, we delve into the benefits and challenges of the subscription model and explore how this business has adapted and innovated in a rapidly changing retail landscape. Tune in to learn the secrets of starting and growing a box subscription business. https://meetings.hubspot.com/matt1938/intro-call Looking to use more stories to engage and sell on fb, Youtube and email? Grab our free 3 part training on story selling here: https://www.storyselling.how/how-to-sell-with-story Ready to Ditch the drawn out, worn out webinar for a heart felt presentation that connects while commanding epic close rates and engagement......all without the ‘salesy tactics? Grab my storyselling webinar training here:  https://www.storysellingwebinars.com/the-new-webinar-that-works #LiveEvent #webinar

Fueling Deals
Episode 197: Making Your Business Attractive to Buyers with John Warrillow

Fueling Deals

Play Episode Listen Later Nov 2, 2022 53:34


As an expert at selling businesses, John Warrillow has had his fair share of ups and downs in making businesses attractive to potential buyers; however, his goal wasn't always to sell businesses. In fact, as a child, he wanted to be a host of 60 Minutes, and even suggests that were he not doing what he does now, he would absolutely seek working for 60 Minutes, finding a great thrill in investigative journalism. Nevertheless, it's undeniable that John has always had a streak for business. He reminisces about his grade-school days as “Johnny the Juice Man,” wherein he sold juice to the Grade 6 cafeteria. Albeit his motives for this childhood business weren't entirely work-motivated; he got to leave class early to set up shop to move his product. He has turned his ability to make businesses attractive in the market into a full business in and of itself, by founding The Value Builder System™, which is a sales and marketing program built with business advisors in mind. John also isn't shy to share his wealth of knowledge, hosting his own podcast Built to Sell Radio, and authoring multiple bestselling books: Built to Sell: Creating a Business that Can Thrive Without You, The Automatic Customer: Creating a Subscription Business in Any Industry, and The Art of Selling Your Business: Winning Strategies & Secret Hack for Exiting on Top. “Johnny the Juice Man” to “The Guy That Sells Companies” John recalls back to the first major business he owned, and when he was coming to the point of wanting to sell the business. He was very confident in himself – too confident, he implies – and in the business that he built. His perspective was that it appeared to be a virtual gold mine. He believed there was no way it wouldn't sell for top dollar, but when it came time to sell his business, he was quickly faced with the reality that due the business was too dependent upon him and his various mistakes, it was worthless on the market, and there was no way to market it to potential buyers. This stark reality caused John to reevaluate the company, his standing, and make major changes to his business model, including: Hiring an advisor Adding a subscription model Hiring sales experts and professionals These major adjustments to his business model allowed him to redesign his company's structure to later become more attractive to potential buyers, which ultimately allowed him to sell the company to Gartner Group Inc., a large tech company that advises smaller companies and entrepreneurs on how to strategize, decision make, and create insights for their future. This brazen self-assuredness displayed by John is one of the overarching lessons I teach: Do not let ego control you or lead you. By allowing his ego to run his decision-making, John was met with a blunt admonition, requiring him to take several steps back, and ultimately delay the ability to sell his company. Had John made wiser choices and not let his ego rule him, his business would've been ready for sale much sooner; however, this was a lesson learned, and John heeded the experience of reality, and found his passion in helping other entrepreneurs set up and sell their businesses in a smart, goal-driven way, without ego. (For more on the pitfalls of running with your ego: check out Authentic Negotiating: Winning vs. Success Part 1 & Part 2 on the DealQuest Blog.) “Revenue is Vanity” Your mindset is also a large component to preparing yourself to exit. As I've discussed many times, there's a different mindset for each position you're coming at regarding a business. For example, a seller isn't going to have the same mindset as a buyer. For John, he needed to shift his mindset from allowing hollow numbers to indicate success to him, because after all, his business wasn't marketable. This has caused John to opine that this learned mindset is detrimental to authentic growth. He swiftly learned that he was chasing vanity goals, and not the goal of authentic growth. Herein the adage of “revenue is vanity” reigns true. Some examples of chasing vanity goals: Employee count Only focusing on top-line revenue Striving to reach the Inc. 5000 Only focusing on yourself Obsessing over profitability Some examples of goals to chase for authentic growth, and tracking comprehensive value of your company: Earning and fostering equity Holding onto minority shareholders Not placing all your value onto your growth-rate Taking into consideration others within the company Various qualitative assessments (IE: “Am I happy or stressed about dealing with customer complaints?”) Focusing on recurring revenue, versus one-time profit. These examples are not to say that you can never take into consideration or care about top-line revenue, or set goals to be accepted into the Inc. 5000. Nor is it to say that you must entirely forgo your own interests for the interests of others within your company. It is merely to say: By keeping in check what's important, and focusing on authentic growth versus superficial growth, your business – and by extension you – will open many more fulfilling and genuine opportunities for success. John cites that his shift in mindset also aligned with the timing of him becoming a parent. He likens his need for lack of ego and selflessness in parenthood to what is required of him as a business owner, going so far as to allegorize himself as “the parent of his company.” The goal for him in business is much like his goal as a parent: Prepare the business with all the tools it needs to be successful, without dependence upon him. PROFITABILITY, VALUE, REVENUE Focusing on profitability isn't a negative thing in business, however anchoring your company's successfulness strictly onto profitability is the wisest move. While implementing authentic growth strategies is key to building more stable success, the value of a company in the market can often be oversimplified to just numbers. By understanding this reality -- while also maintaining authentic growth goals – you create a balance for yourself and your business, which increases your chance at lasting success. When taking into consideration the habit of processing the value of a company into numbers, it's important to make sure you're focusing on the right numbers. As previously pointed out: Obsessing over profitability isn't a good move; rather, you should focus on 8 key factors to compiling company value: Financial Performance Growth Potential Switzerland Structure Valuation of Teeter Totter Recurring Revenue Monopoly of Control Customer Satisfaction Hub and Spoke PROFIT MULTIPLIER If you focus solely on the top-line revenue, and not how you generate your company's overall profitability, you can easily get yourself stymied in the unreliable cycle of one-time revenue sources; whereas, if you focus on finding balance with the 8 keys to company value, your worth and market value begins to steadily rise with security. A sizable variable you need to focus on is the multiplier of your profitability; what multiple of your profitability would a buyer be willing to pay for your business. For example: $1m business sells for $1.5m: A 1.5x multiplier. $3m business sells for $15m: A 5x multiplier. Disney purchased Marvel Cinematic Universe in 2009 for $4 billion, Marvel's 2008 revenue report shows $676 million: A ~5.9x profit multiplier. In October 2022, Twitter was purchased by Elon Musk for $44 billion; Twitter's 2021 revenue report shows $1.18 billion: A ~24.44x profit multiplier. You want to build your business's rounded, sustainable profitability to be so attractive to potential buyers, that you can achieve as high of a profitability multiplier as possible. THE NAÏVETÉ OF ENTREPRENEURS Among the biggest challenges entrepreneurs face is their own naïveté and lack of informed knowledge in deal-making. John's proclaimed mission is to better educate entrepreneurs, so they do not fall prey to the first flashy deal that comes in their line of sight. John's goal is undoubtedly a noble one, but it comes from his own learned experiences. Many predatory buyers and VCs will pull out all the stops to woo a business owner, wine and dine, and slap a number with more than a few zeros on the end, enticing the lesser educated entrepreneurs into accepting a deal that may not be the most valuable, or have terms in the contract that traps you in (such as no-shop clauses). Here are some key topics John feels passionate about entrepreneurs knowing: How to value your business How to create competitive tension Why you should never sign a no-shop clause until you've created that competitive tension How to understand your profitability How to vet LOIs Not be lulled into a false sense of security by a predatory deal How to learn the dance that is deal-making Being a highly educated entrepreneur will greatly reduce your chances of being taken advantage of or leaving a significant sum of money on the table by agreeing to a deal that wasn't in your own best interest. John cites a study wherein it claims 74% of business owners have some form of regret a year after they sell their company. The last thing any entrepreneur wants is to wake up one day, second-guessing if they made the right decision, or to come to realize they left money on the table because they were too hasty, or not educated enough to make a beneficial deal. After all, “success” is not just closing a deal or the highest dollar amount- it's also making sure you've made a deal that is the most beneficial for yourself. Never sell yourself, or your business, short or accept any less than what absolutely you deserve. • • • Reach out to John for more:https://valuebuilder.com/http://BuiltToSell.comhttps://builttosell.com/radio/ • • • Corey Kupfer is an expert strategist, negotiator, and dealmaker. He has more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker. He is deeply passionate about deal-driven growth. He is also the creator and host of the DealQuest Podcast. If you want to find out how deal-ready you are, take the Deal-Ready Assessment today

Build Your Tribe | Grow Your Business with Social Media
Are You Being Patient, Persistent and Omnipresent in Your Business? - 598

Build Your Tribe | Grow Your Business with Social Media

Play Episode Listen Later Jun 30, 2022 22:24 Very Popular


If you're one of those people looking around at other entrepreneurs and wondering why they're killing it and you're not… then you need to listen to this episode!  Chalene is about to get real and shed some light on why so many aspiring entrepreneurs are operating from a false belief system. You'll also learn about the basic steps you must lay down to set your business up for a win! And brace yourself for a shock as Chalene reveals new customer statistics!     Check out InstaClubHub!! The ONLY All-In-One Instagram Resource Community Designed To...Grow Your Following and Reach More Customers on Instagram™(All in Just Five Minutes a Day!)  InstaClubHub.com     Download the Patreon App and Join The Chalene Show at patreon.com/TheChaleneShow     Check out Bret's ALL NEW Course Money Matters 101 at Chalene.com/moneymatters    Links from Today's Episode: How to Make The Perfect Podcast Pitch How to Build an 8 figure Subscription Business with Todd White of Dry Farm Wines     Join our NEW, awesome PodSquad on Facebook here!     Subscribe to The Chalene Show!!!   Links you may want to check out:  Check out MarketingImpactAcademy.com Leave Chalene or Brock  a message or ask them a question at  (619) 500-4819 Not sure what your thing is? Go to Chalene.com/MyThing  Learn more about Kajabi Leave Chalene a Voicemail review or question for a chance to win a gift  HERE   Connect with us on your fav social platform: Chalene: Instagram: www.Instagram.com/ChaleneJohnson    Facebook: www.Facebook.com/Chalene    TikTok: @chaleneOfficial Twitter: www.Twitter.com/ChaleneJohnson Brock: Instagram: @Brock11Johnson TikTock: @brock11johnnson Be sure to follow Brock on his travel adventures @tayandbrock     Stop dieting & start living:  PhaseItUp.com     Sign Up For MY WEEKLY NEWSLETTER and you'll get FREE tips on how to live a ridiculously amazing fun-filled life!     Be sure you are subscribed to this podcast to automatically receive your episodes!!!      Get episode show notes here: www.chalenejohnson.com/podcast      Hey! Send me a DM & tell me what you think about the show! (Use the Hashtag) #BuildYourTribe so I know you're a homie! XOXO Chalene