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What's up guys it's golfgod69 your fav greycel. I can't get to sleep so I figured I would type this out. This thread is going to be about my business journey as well as some suggestions I would do if I had to start all over again.
In the past two months I have tripled my online income - going from $5k per month to $15k per month. It's been an insane amount of hard work and I really started 2023 like I was shot out of a cannon. I see a lot of threads here on moneymaxxing, how difficult it is to make $...etc - and I think I can help point you in the right direction.
When I first tried to start an online business about 3 years ago, I tried things like Dropshipping, Funnel Building, Website design...etc - these business ideas all failed miserably - now I know exactly why.
You can't start a business without skills.
In order to be a successful dropshipper you need to be able to build functional, aesthetic, and conversion optimized landing pages. You need to know how to drive traffic with digital advertising (FB, TiK, IG..etc), you need to have good Ad Copy (Copywriting) to get people to click on your ad, you need to know how to do A/B testing, you need to have a good product that customers want and that takes a lot of testing ($$$) ...etc
I do not dropship, I am just using dropshipping as an example. Dropshipping is not a beginner friendly biz model because of all the Skills and $$ you need.
So - anyways I eventually stumbled on a local business model (a subniche of flipping) after about 8 months of failing online business models in my early 20s. I bought a $60 course from this guy I followed on twitter, and immediately took a liking to the business model. It just clicked for me (this is important).
Local business is not bad, but it lacks the freedom that online business affords. My local business was a sub niche of flipping and I was one of the only people in my city to do it. I mastered my local business extremely fast, and was making $10k per month within 6 months of starting. Pretty crazy, but it was a super simple business model. I didn't know it at the time, but fuck was I lucky. Making $10k per month is rarely this easy, but this was one of those cases where the stars aligned and everything worked out in my favor.
But I wanted more. I had joined a few free facebook groups of other entrepreneurs who were doing the same thing as me. There was this one guy in there who was running Facebook Ads for people and he was charging $1000 per month + Ad spend. I knew how to run Facebook ads from my previous failed online business attempts - but I didn't have a lot of confidence, had a GF who wanted my time & attention, and honestly just didn't feel like doing it. So I hired the guy and he did ok. He made me about $1-2k net profit per month - $5 or 6k profit per month - $3000 spent on ads & $1k fee.
This went on for about 6 months, until some complaints started to arise about him in the group, and I thought - shit if I just re-learned Facebook ads I could undercut him and charge $500 per month - I would only need 10 clients to make $5k per month. So I spent a couple months re-learning Facebook Ads (a skill) - I started running ads for business. And they did better than his ads. So - I started advertising that I can do FB ads - I got a few free trial clients & did a good job.
A few months later (this was about a year ago) I had 8 clients paying me $500 per month - $4k per month plus a steady $10k coming in from my local business. Things were going really well. And then Facebook banned my account.
No reason. Literally no reason at all. I just woke up one morning, and Facebook's AI detected something about my account that it didn't like - it glitched out and banned me. This is not an uncommon incident, Facebook does shit like this all the time. They don't even have a customer service number you can call. Fuckers.
So, my online income was zero'd out of nowhere. I was extremely upset, and one thing led to another, depression..etc and my local business started to go downhill as well. Around my birthday, I picked myself up, analyzed what had happened, and made a plan to get it back.
I realized I had gotten extremely lucky with the local business, but I could still use it to generate income while I got back into online business. I had used a Skill to build an Online Business, but I was too reliant on that one skill for my income. It was also stupid not to have a backup Facebook account. I asked myself, "what other skills could I learn and leverage in order to create a better online business"? I wasn't sure yet how it would fit together but I wrote down Landing Page Design - Conversion Rate Optimization - Copywriting - Facebook Ads - Sales
Eventually I would come up with my new business plan - I could learn Sales skills to get people to purchase my services & help with cold calling prospects..etc I could use Facebook ads to drive traffic to well designed Landing Pages - that have good sales copy, and are optimized for conversions. I will need to constantly A/B test and improve these landing pages.
I used a combination of Udemy and Youtube to learn these skills. And to this day I am still learning more about effective landing page designs and conversion rate optimization techniques...etc - You can never stop learning and improving your skillset if you want to increase your income. After 6 months of using my local business to pay my bills, and learning online business skills full time - I was ready to give it another shot.
I worked for free for a few clients in my new niche - I crushed it and got the good testimonials. 3 months ago I had 3 clients and was making $4500 per month. And now, just 2 months later I just hit 9 clients - $15k per month. My business is also very scalable, as it is niche specific and almost a copy/paste method for each new client that signs up for a retainer with me for $2k per month (will raise the price again when I get 10 clients)
Some key takeaways - in no particular order.
1. Online Business is not easy. It's hard. If it was easy everyone would do it. I got lucky with my first business, and am also blessed with a high IQ (130) and my personality is suited for entrepreneurship. I would say that you need 2 of 3 things (Luck, IQ, Right Personality) in order to be successful entrepreneur.
2. If you want to succeed with online business - don't think about starting a business right off the bat. It won't work unless you have skills. Learn the skills first and then try to combine them in different ways until you find a strategy that works. Constantly be improving your skillset.
3. Choose a business model that doesn't require many different complex skills. These can include E-Mail Marketing - running Facebook Ads - building websites - high ticket sales (being a setter or Closer)
4. Choose skills and business models that appeal to you. I was more drawn to marketing than I was Sales. I don't want to learn to Code. I'm not interested in science..etc - Know thyself but don't be afraid to spend a day or two learning about a skill and realizing "Nah, this isn't for me" and if you do not absolutely need that skill, just forget about it- I do this constantly.
5. B2B (Business to Business) or (ervice Based Businesses --- these tend to be better for beginners. B2C (Biz to Customer) is more difficult for beginners imo.
6. Choose the right niche - and stay in your lane. Don't choose restaurants or coffee shops. Focus on things that are more high ticket - Dentist, Realtor, selling/marketing high ticket info products..etc - the more a business in your niche is making, the easier it is for you to justify a $2-$5k per month retainer for services.
7. DO NOT BUY ONLINE COURSES FROM ANYONE BELOW 25. These kids are so annoying. "Bro learn this new method that made my student Timmy 4.5 million dollars in 31 seconds" - lemme pull a Hamza here SHUT THE FUCK UP BRO. These scammers are trying to be Andrew Tate and just repackaging information that is easily accessible online and then giving it an inflated price, and somehow justifying it as if their customers fail it must be because they didn't work hard enough.
7. E-Learning is legit. Paid learning companies like Udemy are your best friend. Thousands of info products and courses on a wide range of subjects for $200/year I think? I know there are others but Udemy is what I use. Youtube is also good for specific use case information.
8. College is a scam - especially if you want to be an entrepreneur. I hold a bachelor's degree from a good university but I barely learned anything. Skills > Textbook Knowledge. "Ok cool Stacy, you studied Marketing. Do you know how to run Facebook ads? Do A/B split testing? Build landing pages? Write Ad copy? Oh you don't... well your hot so I guess your hired, but you're still useless"
9. Study your competition. Deconsruct their methodology. What ad copy do they use? What Facebook ads are they running (Facebook ads Library) - How good is their own landing page? What can you do better than them? I could go on about this - this shit is important.
10. You need to interrupt potential clients in their day and have smooth sales pitches ready. It's rare to get clients as a new business owner without reaching out to them (Cold Call, Cold E-Mail, Cold LinkedIn...etc) - pretty much every business owner went through this, even if they now can lean back on their reputation and have customers come to them. Pick up the phone and start dialing buttercup. Get some practice being rejected, both with prospecting and sales calls. You will get better with time.
11. You need a smooth onboarding process. The client just agreed to pay you $2k per month. "Oh fuck what do I do" -- You should have this planned out ahead of time. You can have them zelle/paypal you, or send them a link to a payment processor. When they agree to pay you - you don't want them to have any second thoughts - it needs to be smooth.
12. Don't be afraid to work for free in order to get testimonials within your niche. That's how I got started with both of my online business ventures. Just don't expect your free trial clients to end up paying you. Imagine getting sex from a HTB and then one day she tells you that she wants you to pay her. Well I suppose that is like having a GF/wife. Nevermind.
13. Bend over backwards for your first clients. CRUSH IT FOR THEM. Their success = Your success. Get a good rap going with them, and they will sell your services for you. Also, pick a good niche that you enjoy and try to work with people that you like as people. This isn't necessary but it makes things a lot easier. My first 2 paid clients are absolute G's and each of them have gotten me multiple sales calls that turned into a couple other clients. I'm now at a point where I might tell this client to fuck off and fire him if he keeps annoying me - but you can't do this at the start.
13. Don't be afraid to fail - but fail small. Failing is nbd. I have talked a lot about my successes - but I spent 8 months failing small - burning through cash trying to start a business. I don't recommend you burn through cash - the whole "Burn the Ships" idea only works for certain, unique individuals. If you do not do well under extreme pressure, it's ok to fail - but don't fail big. Don't go all in on a business idea unless you are absolutely sure it will work.
Honestly that's all I can think of for now. Hope this was helpful.
-Golfgod69, forever greycel
In the past two months I have tripled my online income - going from $5k per month to $15k per month. It's been an insane amount of hard work and I really started 2023 like I was shot out of a cannon. I see a lot of threads here on moneymaxxing, how difficult it is to make $...etc - and I think I can help point you in the right direction.
When I first tried to start an online business about 3 years ago, I tried things like Dropshipping, Funnel Building, Website design...etc - these business ideas all failed miserably - now I know exactly why.
You can't start a business without skills.
In order to be a successful dropshipper you need to be able to build functional, aesthetic, and conversion optimized landing pages. You need to know how to drive traffic with digital advertising (FB, TiK, IG..etc), you need to have good Ad Copy (Copywriting) to get people to click on your ad, you need to know how to do A/B testing, you need to have a good product that customers want and that takes a lot of testing ($$$) ...etc
I do not dropship, I am just using dropshipping as an example. Dropshipping is not a beginner friendly biz model because of all the Skills and $$ you need.
So - anyways I eventually stumbled on a local business model (a subniche of flipping) after about 8 months of failing online business models in my early 20s. I bought a $60 course from this guy I followed on twitter, and immediately took a liking to the business model. It just clicked for me (this is important).
Local business is not bad, but it lacks the freedom that online business affords. My local business was a sub niche of flipping and I was one of the only people in my city to do it. I mastered my local business extremely fast, and was making $10k per month within 6 months of starting. Pretty crazy, but it was a super simple business model. I didn't know it at the time, but fuck was I lucky. Making $10k per month is rarely this easy, but this was one of those cases where the stars aligned and everything worked out in my favor.
But I wanted more. I had joined a few free facebook groups of other entrepreneurs who were doing the same thing as me. There was this one guy in there who was running Facebook Ads for people and he was charging $1000 per month + Ad spend. I knew how to run Facebook ads from my previous failed online business attempts - but I didn't have a lot of confidence, had a GF who wanted my time & attention, and honestly just didn't feel like doing it. So I hired the guy and he did ok. He made me about $1-2k net profit per month - $5 or 6k profit per month - $3000 spent on ads & $1k fee.
This went on for about 6 months, until some complaints started to arise about him in the group, and I thought - shit if I just re-learned Facebook ads I could undercut him and charge $500 per month - I would only need 10 clients to make $5k per month. So I spent a couple months re-learning Facebook Ads (a skill) - I started running ads for business. And they did better than his ads. So - I started advertising that I can do FB ads - I got a few free trial clients & did a good job.
A few months later (this was about a year ago) I had 8 clients paying me $500 per month - $4k per month plus a steady $10k coming in from my local business. Things were going really well. And then Facebook banned my account.
No reason. Literally no reason at all. I just woke up one morning, and Facebook's AI detected something about my account that it didn't like - it glitched out and banned me. This is not an uncommon incident, Facebook does shit like this all the time. They don't even have a customer service number you can call. Fuckers.
So, my online income was zero'd out of nowhere. I was extremely upset, and one thing led to another, depression..etc and my local business started to go downhill as well. Around my birthday, I picked myself up, analyzed what had happened, and made a plan to get it back.
I realized I had gotten extremely lucky with the local business, but I could still use it to generate income while I got back into online business. I had used a Skill to build an Online Business, but I was too reliant on that one skill for my income. It was also stupid not to have a backup Facebook account. I asked myself, "what other skills could I learn and leverage in order to create a better online business"? I wasn't sure yet how it would fit together but I wrote down Landing Page Design - Conversion Rate Optimization - Copywriting - Facebook Ads - Sales
Eventually I would come up with my new business plan - I could learn Sales skills to get people to purchase my services & help with cold calling prospects..etc I could use Facebook ads to drive traffic to well designed Landing Pages - that have good sales copy, and are optimized for conversions. I will need to constantly A/B test and improve these landing pages.
I used a combination of Udemy and Youtube to learn these skills. And to this day I am still learning more about effective landing page designs and conversion rate optimization techniques...etc - You can never stop learning and improving your skillset if you want to increase your income. After 6 months of using my local business to pay my bills, and learning online business skills full time - I was ready to give it another shot.
I worked for free for a few clients in my new niche - I crushed it and got the good testimonials. 3 months ago I had 3 clients and was making $4500 per month. And now, just 2 months later I just hit 9 clients - $15k per month. My business is also very scalable, as it is niche specific and almost a copy/paste method for each new client that signs up for a retainer with me for $2k per month (will raise the price again when I get 10 clients)
Some key takeaways - in no particular order.
1. Online Business is not easy. It's hard. If it was easy everyone would do it. I got lucky with my first business, and am also blessed with a high IQ (130) and my personality is suited for entrepreneurship. I would say that you need 2 of 3 things (Luck, IQ, Right Personality) in order to be successful entrepreneur.
2. If you want to succeed with online business - don't think about starting a business right off the bat. It won't work unless you have skills. Learn the skills first and then try to combine them in different ways until you find a strategy that works. Constantly be improving your skillset.
3. Choose a business model that doesn't require many different complex skills. These can include E-Mail Marketing - running Facebook Ads - building websites - high ticket sales (being a setter or Closer)
4. Choose skills and business models that appeal to you. I was more drawn to marketing than I was Sales. I don't want to learn to Code. I'm not interested in science..etc - Know thyself but don't be afraid to spend a day or two learning about a skill and realizing "Nah, this isn't for me" and if you do not absolutely need that skill, just forget about it- I do this constantly.
5. B2B (Business to Business) or (ervice Based Businesses --- these tend to be better for beginners. B2C (Biz to Customer) is more difficult for beginners imo.
6. Choose the right niche - and stay in your lane. Don't choose restaurants or coffee shops. Focus on things that are more high ticket - Dentist, Realtor, selling/marketing high ticket info products..etc - the more a business in your niche is making, the easier it is for you to justify a $2-$5k per month retainer for services.
7. DO NOT BUY ONLINE COURSES FROM ANYONE BELOW 25. These kids are so annoying. "Bro learn this new method that made my student Timmy 4.5 million dollars in 31 seconds" - lemme pull a Hamza here SHUT THE FUCK UP BRO. These scammers are trying to be Andrew Tate and just repackaging information that is easily accessible online and then giving it an inflated price, and somehow justifying it as if their customers fail it must be because they didn't work hard enough.
7. E-Learning is legit. Paid learning companies like Udemy are your best friend. Thousands of info products and courses on a wide range of subjects for $200/year I think? I know there are others but Udemy is what I use. Youtube is also good for specific use case information.
8. College is a scam - especially if you want to be an entrepreneur. I hold a bachelor's degree from a good university but I barely learned anything. Skills > Textbook Knowledge. "Ok cool Stacy, you studied Marketing. Do you know how to run Facebook ads? Do A/B split testing? Build landing pages? Write Ad copy? Oh you don't... well your hot so I guess your hired, but you're still useless"
9. Study your competition. Deconsruct their methodology. What ad copy do they use? What Facebook ads are they running (Facebook ads Library) - How good is their own landing page? What can you do better than them? I could go on about this - this shit is important.
10. You need to interrupt potential clients in their day and have smooth sales pitches ready. It's rare to get clients as a new business owner without reaching out to them (Cold Call, Cold E-Mail, Cold LinkedIn...etc) - pretty much every business owner went through this, even if they now can lean back on their reputation and have customers come to them. Pick up the phone and start dialing buttercup. Get some practice being rejected, both with prospecting and sales calls. You will get better with time.
11. You need a smooth onboarding process. The client just agreed to pay you $2k per month. "Oh fuck what do I do" -- You should have this planned out ahead of time. You can have them zelle/paypal you, or send them a link to a payment processor. When they agree to pay you - you don't want them to have any second thoughts - it needs to be smooth.
12. Don't be afraid to work for free in order to get testimonials within your niche. That's how I got started with both of my online business ventures. Just don't expect your free trial clients to end up paying you. Imagine getting sex from a HTB and then one day she tells you that she wants you to pay her. Well I suppose that is like having a GF/wife. Nevermind.
13. Bend over backwards for your first clients. CRUSH IT FOR THEM. Their success = Your success. Get a good rap going with them, and they will sell your services for you. Also, pick a good niche that you enjoy and try to work with people that you like as people. This isn't necessary but it makes things a lot easier. My first 2 paid clients are absolute G's and each of them have gotten me multiple sales calls that turned into a couple other clients. I'm now at a point where I might tell this client to fuck off and fire him if he keeps annoying me - but you can't do this at the start.
13. Don't be afraid to fail - but fail small. Failing is nbd. I have talked a lot about my successes - but I spent 8 months failing small - burning through cash trying to start a business. I don't recommend you burn through cash - the whole "Burn the Ships" idea only works for certain, unique individuals. If you do not do well under extreme pressure, it's ok to fail - but don't fail big. Don't go all in on a business idea unless you are absolutely sure it will work.
Honestly that's all I can think of for now. Hope this was helpful.
-Golfgod69, forever greycel
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