article thumbnail

Every Online User Platform Needs Revenue To Survive

Startup Professionals Musings

You might sell one of two of your widgets for $1 million each, entering profitability immediately, but then die because you can’t grow sales at that price. MySpace, for example, boomed after launch for five years without a revenue model. When their deep pockets went empty, Facebook stepped in, but demanded revenue from ads.

Revenue 297
article thumbnail

4 Key Components Of Every New Business Financial Plan

Startup Professionals Musings

Yet every business requires revenue and volumes, as certainly as it requires a product to sell. There is no black magic involved in predicting the future, if you use these four simple steps, with my basic rules of thumb to keep you on the right track: Determine your margin on sales. Forecast sales-volume expectations.

Forecast 290
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Search Engine Ranking Can Make Or Break Your Business

Startup Professionals Musings

If you sell widgets, and a user is searching for widgets, your ad will appear on the first page. With PPC, the goal is for the search user to not only see your ad, but to click on it to get to your website (click-through), and buy your widget (conversion to sale). Marty Zwilling.

Search 385
article thumbnail

How to Use Social Media To Drive Sales

ConversionXL

eCommerce sales during the last Black Friday topped $1 billion for the first time in history. For Facebook average order value was $74 with 76% of total social sales and 69% of total clicks. For Twitter average order value was $190 with 8% of total sales and 11% of total clicks. That’s ~12% more than the average person.

article thumbnail

4 Simple Steps Will Get Startup Financial Projections

Startup Professionals Musings

Yet every business requires revenue and volumes, as certainly as it requires a product to sell. There is no black magic involved in predicting the future, if you use these four simple steps, with my basic rules of thumb to keep you on the right track: Determine your margin on sales. Forecast sales-volume expectations.

Forecast 369
article thumbnail

How to Manage Supply Chain Planning Like a Pro

YoungUpstarts

From manufacturing to sales to finance, the supply chain routinely fails to command the respect it deserve. Too many startups mistakenly believe that their “widget” comes from one source. trillion in profits due to cost-saving and increased revenues. Employ Demand Forecasting and Inventory Planning Solutions.

article thumbnail

Beyond Lead Gen: How To Optimize B2B Sales Enablement

ConversionXL

We often talk about online conversion optimization without mentioning that many businesses, especially B2B, rely on offline sales to produce revenue. There’s a lot we can do online to help our sales teams close deals. It starts with sales enablement. What Is Sales Enablement and Why Should You Care? Image Source.

B2B 48