Remove CPA Remove Operations Remove Sales Remove Vesting
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Do You Have a Hobby or a Business?

Up and Running

You have a vested interest in making sure it works. This can be an inexpensive method to test out your full-fledged idea, gain some initial sales, and even claim positive customer reviews before you’ve even launched. Get a sales tax license. Get a Business Operating Policy (BOP) insurance policy.

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Do You Have a Business or a Hobby?

Up and Running

You have a vested interest in making sure it works. You have a vested interest in making sure it can support your lifestyle, allow you to quit your job and NEVER work for anyone ever again in your life. Talk to a CPA and/or an attorney to figure out the best structure for your business ( partnership , LLC , S-Corp , etc.).

Vesting 101
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How I Started, Grew & Sold An E-commerce Business For Quarter Million Dollars ($250,000) – Part 2

Entrepreneurs-Journey.com by Yaro Starak

This article picks up from that point onward, discussing the challenges we ran into once we went into operation mode, the invaluable lessons that only first-hand experience can teach, the exit strategy which was the $250,000 sale of the website, and finally my overall concluding thoughts on the entire experience.

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Beware The Consultant

infochachkie.com

If a consultant claims they can enhance your marketing efforts, pay them based on their direct impact on your incremental sales. Such positions include: PR, Sales, Product Development, Lead Generation, Strategic Planning, Fund Raising, etc. Passion Cannot be Outsourced. Their story, market positioning, products, etc. Pyramid Power.

Equity 40
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How to minimize customer acquisition costs

Duct Tape Marketing

You congratulate your staff on the sale (keep it going!), Continue treading these waters and you’ll need a life vest. Determine Cost Per Acquisition (CPA): CPA = CPPC multiplied by CR. It isn’t just about post-sales marketing. How you come off at the point of sale is a huge factor as well.