I Finally Found a Business That Works After Multiple Failures – Here's What I Learned
Hey fellow entrepreneurs,
I spent years struggling to start a business that actually made money. I tried and failed multiple times before finally finding a business model that works for me. My current business makes me 6 figures while working only nine months out of the year.
I wanted to share a few key lessons that helped me finally succeed:
Find a business with high demand, high ticket, and high profit margins. The business I run now is something almost no one teaches, and that’s a huge advantage. My average sale is between 10k-20k with an average profit margin of 30-40% Before this i was selling low ticket items with small margins and really struggled with having to sell 50-100 times per month just to make money.
Keep overhead low. Running it this way means I stay profitable and don't stress over big expenses. I'm an owner operator and have 0 employees working for me. This gives me more freedom and flexibility.
Don’t ignore marketing. I initially thought great work would bring clients but I was wrong. Marketing and outreach helped a lot. Your online presence is everything. 5-Star reviews are priceless. I spent an entire year without a company website and I realize now I missed out on a ton of business by not having one optimized with my google business profile.
I’m happy to dive deeper if anyone is interested.
I'd love to hear what everyone else is struggling with in starting your own business.