Prev. Founder/CEO, Raised $7M in VC, $20M in Sales
That's great what you've done so far! I've raised over a million dollars specifically from angel investors. Raising money is usually a full time job. In order to get angel investment you need to put together a good pitch deck, practice your pitch and be prepared for good questions. Next you need to find angel investors. Usually the best way to meet angels is through introductions from other founders. Finally when you meet with the angel investors you want to tell them about all the progress you've made so far and how their investment will accelerate your progress. You also need to explain to them how your company has a lot of prospects for either making money, getting acquired or eventually IPO. It can be a very difficult process. If you need any help feel free to reach out.
Prev. Founder/CEO, Raised $7M in VC, $20M in Sales
The best place to start a company is Delaware. It has the most protections for businesses and has a long history of being the state of incorporation for almost all of the major companies in the United States. The incorporation process can be difficult but there are some services that help like nitrouscompany.com. If you need any help feel free to reach out.
Ops and PM expertise to help you get things done
It may just be how I'm interpreting your statements and question, but I'm sensing two different approaches are on your mind. Getting clarity around your end goal will help you attain that goal. You indicate you are a consultant with a methodology that works. At the same time, you indicate that the identified need is often a missing layer between business owner/CEO and front-line sales - the missing layer is a type of sales leader/manager. If you wish to fill the missing layer, that sounds like you are wanting to become a VP of Sales or some similar role. In that case, you would approach your problem as you would approach a job hunt. (The "how" for this fills innumerable books, articles, etc.) If, on the other hand, you want to focus on consulting, AND you are still focused on the missing layer, you'll have to figure out some way for that layer to be filled. Are you giving the CEO new skills, helping the CEO identify someone who can fill that role, or some other approach? By the way, if you assume you can partially fill that hole as a part-time leader, I'd suggest re-thinking it. Leadership, including sales leadership, requires a wholesale commitment to the team. So, someone still has to fill that role. To continue on that consulting path, though, you've actually pinpointed your answers. Referrals and relationships are ideal for a consulting firm of one. Beyond that, since you're a sales consultant, be your primary client. Use your methodology to stir interest, create a pipeline, convert to clients, etc. One last thought. The needle in a stack of needles is an apt description. There is a HUGE number of small/medium businesses out there without a sales leader. Do some market segmentation for yourself. Industry, geography, company size, etc. to make the haystack smaller. You'll find there are a lot of needles hidden in that smaller haystack...
My name is cody, I am 24 and love helping [
Well, let me start by saying this. You may need to change some policies upon your companies behalf in order for them to actually obey and follow through with upholding the new law in CA. If you could provide further detail to as of what exactly the new law is, and how it complies with your contractors specifically. I could be of better assistance, cody.
Serial Entrepreneur
I dont have any experience with hair products, but one thing that i have learned about business, doesn't matter what kind, is that we have the power to expand our businesses in our hand. Have you ever considered social media? Imagine this, if you are a singer, and you are trying to get a producer or a label in your track what do you think is the best way to present the track to them? Simply by sending DM's to 1000 singers. One of them will respond and iniate business with you
Mentor, Entrepreneur, Lawyer, Public Speaker
You could: 1. make a connection between per project and equity allocation - so each time they complete a project, they get a small % of equity. Research has shown that people prefer small payouts than one big payout at the end (ppl can't postpone their desires...). 2. Keep them involved in the decision loop and share with them small successes. Make them feel part of the company/business. 3. Give out additional 'bonuses' for projects done well or for milestones achieved by the company. 4. If you have the capital/money to support it, then make it clear that they can exchange their equity for money - if a company is willing to buy back it's equity, this shows that the equity has value - which will make them want to keep it. The only challenge with this last option is that if you do buy back shares, it creates a tax event for both sides which isn't always advised. There are a few additional options. I've successfully helped over 300 entrepreneurs and would be happy to help you. After scheduling a call, be sure to please send me some background information so that I can prepare before - thus giving you maximum value for your money during the call itself.
Serial Entrepreneur
there is no PCI compliance requirement for consumer devices and the mobile apps running on those devices.
Travelling marketeer and business consultant.
What type of product would you be selling in EU? There are quite some specialised, regional platforms. Coolblue is another Benelux platform e.g.
Clarity Expert
Hello, I like how you have identified your passion and understand who you want your target audience to be. I have sold technology solutions for 6+ years to entrepreneurs and business owners- a big part of the selling process requires value-adding, which can only be achieved by understanding the minds of your target audience. To find a niche, you need to start by asking yourself what kind of value you can bring to your specific target audience of entrepreneurs or business owners. Everyone has limited attention span these days and unless you can figure out what these people care about and how your coaching/consulting services can benefit them, it will be difficult to connect and add value for the entrepreneurs. In short, you should determine your niche by figuring out what these folks care about and then hone your craft around providing value for those individuals. Happy to get on a phone call if you want to talk about specifics. Best, Kevin
Increasing sales through customer success
Hello. I help increase sales through customer success. This mainly envisages sales, marketing, business strategy, and ensuring customer ROI. PR or influencer marketing is nothing in itself but part of a business plan. Where do you and your business want to go? What are the gaps? This should in my opinion determine what kind of brand building and activities you need. Let me know if you need to talk this through. Bye and all the best.
Growth Consultant & Founder of Upreports
Hello, growth hacking can be applied to offline businesses and services too. There are a lot of businesses dealing with offline products that have used growth hacking to multiple sales and profits. SquattyPotty is one such brand. A lot of growth hacks nowadays use digital channels but depending on the product in question, offline mediums can also be explored. Last year, I created a PPT that perfectly answers your question. Here is the link, https://www.slideshare.net/upreports/growth-hacking-tips-techniques-for-beginners Give it a read. If you have any queries, let's get on a call or exchange emails, varun@upreports.com. Thank you!
Clarity Expert
I would start by introducing a highly valuable or consumable product with the lowest price point. In other words, choose a lower cost item, but something unique and valuable. If you have to, break even or keep the profits minimal. This will create a positive perception and may even drive your feedback higher. you may want to do a second or third product like this to really build momentum for future higher profit product introductions.
I help startups patent their inventions
Spending $100,000 on patent discovery is excessive. We can an exhaustive study for $2000. However, an initial study can be done for as low as $250.
Pro poker player and coach. Gaming consultant.
There was a big poker scandal recently where someone was playing on a poker stream and getting fed hole cards in real-time instead of the normal 30-minute delay. Collusion is prevalent and there are ways to mark cards which is why you should always get a new deck if you notice marks or creases.
Clarity Expert
Are you willing to spend months and years to learn how to hypnotize people and Mind reading NLP ? If you do, it will put you among the top 1% of the best poker players in the world. Therefore, it will grant you a higher chance to win poker game.
Mentor, Entrepreneur, Lawyer, Public Speaker
Sounds like you're doing a great job already. Well done. Based on the continuous increase in growth, and assuming that there is a growing market for your product, it shouldn't be too difficult to find an investor. What you would need is to create 2 investor pitch decks (presentations): one which you use when presenting in front of them, and one which you send to them (they are similar but not the same). The pitch deck that you send to them needs to be perfect as you only have one chance. There are a lot of lists available of investors. It depends which country you're located in and where your target market is. I've successfully helped over 300 entrepreneurs and would be happy to help you if you need. After scheduling a call, be sure to please send me some background information so that I can prepare before - thus giving you maximum value for your money during the call itself.
Clarity Expert
Hi - I work with investors on a daily basis. You need to be able to show value of your brand. Either push this through public relations, thought leadership and being authentic. I'd recommend testing all avenues to attract the attention of investors in your sector. Gaining trust is key. You can also try an aggressive PR strategy like giving away free promos or content. Anything that shows your value appeals an investor.
Sales Operations
4
Answers
Clarity Expert
Hi there, I have 6+ years of experience selling enterprise software and one of the products I sold at Oracle included their SaaS LMS application as part of the whole HCM suite. Your question about comp definitely depends on the industry, location of the individual, experience level, average deal size, etc. However, VERY GENERAL guidelines that SaaS companies follow tend to be quota = 5x to 10x their salary. For example: - If a sales reps salary is 60k, then their quota should be 300k- 600k (very rough estimate). - For each deal that the rep closes, they should get a minimum 10% on each deal until the rep hits quota. - If the rep hits quota, there should be an accelerator on their comp plan (15%-25% of each deal sold) so that they will be motivated to keep on selling (capping your commission will be capping your growth). - After the rep hits 200% or 300% of their quota, the accelerator stays at 15% or comes down to 10% - PLEASE READ: All of the above is very dependent on average deal size, time to closure, among other factors that I would be happy to get into if we jump on a call. The most important factor here is to make sure your quotas are REALISTIC and ATTAINABLE- having a rep come in with an unattainable quota only to have them leave in a few months will be detrimental to your growth and even be a huge cost to your business. Happy to answer any and all questions in regards to quota structuring, LMS sales strategies, selling to the right lines of business, etc. It is a super competitive field and I understand through first-hand experience how difficult it is to displace any companies' current application suite. Maybe I can help provide some insight into this aspect of your business as well. Best, Kevin
Clarity Expert
The terms are based on how an Angel investor views your company as well as your startup’s value in the market. So they are looking at your impact potential within your sector and industry, the size of any recent exits, the willingness to enter into a deal, and vice versa for the entrepreneur.
Clarity Expert
Hey Lucas, I've been selling technology solutions for 6+ years now and one of the companies I worked with, Visually, sold animations/short form videos to content creators and companies. After taking a look at your website, I already see one marketing method that does not cost too much money for you: customer testimonials! You need to ask your current customers (paying or otherwise) to put their logo/channels/reviews on your website to show others that there are reputable people that stand by your work. After all, your best method of marketing should come from word of mouth from your current customers that are happy with the work you've been able to do for them. After getting some testimonials, you can start utilizing Twitter, LinkedIn, email, etc. to broadcast how you've been able to help these businesses with your animations and subsequently attract others to the value proposition of your product (animations). You've got a super good thing going right now and the fact that you are seeking help means you are extremely resourceful- a characteristic that will prove incredibly useful in whatever path you decide to pursue. I'm happy to jump on a call to provide you with some insight as to what your messaging should be in those LinkedIn/Twitter/Customer Testimonials to attract more customers.
Mentor, Entrepreneur, Lawyer, Public Speaker
Hi First of all - good luck. Second, I ALWAYS advise on doing market research and validation. The ratio of time versus value is always in favor of doing validation. I've successfully helped over 300 entrepreneurs and would be happy to help you if you need. Just send me some background info by email before, so that the call itself can be 100% dedicated to giving you my advice (maximum value for your money) You can see a more detailed answer about how to do market research/validation in one of my previous answers: https://clarity.fm/questions/6423/how-do-you-do-market-research Good luck!
Mentor, Entrepreneur, Lawyer, Public Speaker
Hi, You are correct that having a good LinkedIn profile (and presence) is important and helpful from business aspects. I believe that (1) I have a good LinkedIn profile, (2) I am an entrepreneur, and (3) I am active on LinkedIn. If you'll provide all the necessary, accurate, and truthful information about your credentials, I can create your profile - including 2-3 rounds of corrections (if needed). One last point: In your message you wrote: "...in a way that people...will contact me as a qualified prospect...". It is important to note, that (just) having a professional profile, will not cause people to request your services (and anyone who says otherwise is misleading you). Just like many other aspects in life, you need to put in the work. Meaning that you have to have good/decent credentials (past experience), and to be active on LinkedIn: adding valuable content, commenting, creating connections, helping other etc. I can help you create the profile, and give you advice on what activities you should do. The rest is up to you (unless you are also looking for someone to maintain your account, but this is less advised and a waste of money). I've successfully helped over 300 entrepreneurs, and I'd be happy to help you as well. good luck
Marketing Strategy
4
Answers
Digital Marketing Expert, Marketing Automation,SEO
As your question is complex, and requires data to target new companies, here are 3 strategies which could give you start in targeting: Here are 3 concrete strategies: Strategy 1: If you have first/last name, City, zip code, street, phone, then you can create a CSV list and upload the data to Facebook Audience, then you will be able to target those specific people with Facebook Ads. Strategy 2: If you have the company website, upload the company websites of the target companies to Linkedin, choose the Job Title position you want to target, and Linkedin will show ads only to those companies, and to those job titles. Strategy 3: If you have the domain of the website, you can create generic emails such as Info@company.com, contact@company.com and send your proposal to them. Generating generic emails are legal as they are not connected to a specific contact. To implement this 3 strategies, i presume 300$ will be a good fit to start with, if you want to target just a city. Also dont forget to create a landing page too.
4.5 yrs at Uber: Launched Uber Freight & UberEATS
Having worked at Uber for a number of years across Rides (2 sided marketplace), EATS (3 sided marketplace) and Freight (2 sided marketplace) I can help. To build a successful 2 or 3 sided marketplace, the company has to build up the "supply" side before there is any demand. In the ride-sharing business, the supply, and limiting factor to grow, are the drivers. In the early days at Uber, Uber had to get enough drivers on the road so that when a rider requested, there would be a driver within a few minutes to create a good rider experience. The only way for Uber to do this was to "guarantee" earnings for the driver, whether they got rides or not. This looked something like, "we'll pay you $20 / hr to be online and accept trips when they come your way." Of course, this is expensive if you don't have a lot of demand. However, once Uber was able to get drivers on the road and the word got out there on the rider side, riders had such a good experience that they would tell their friends, families, and colleagues about Uber, and demand for the product spread rapidly. Can one build up a 2-sided marketplace without millions in investment? Possibly, especially now that many of the barriers to these kinds of "part-time" gigs have been broken down. You would need to devise a way that if a person or company is supply in your business, that they are making money elsewhere, and using your platform to supplement their business (Uber originally did this with black car companies). Then, as your business grows (likely slowly) they can move more and more of their business over to your platform, so you're not subsidizing the down time. Happy to answer any additional questions about the marketplaces for Uber Rides, UberEATS, or Uber Freight!