Comments on: The Key to a Predictable, Profitable Business http://www.toiletpaperentrepreneur.com/getting-clients/the-key-to-a-predictable-profitable-business/ Wed, 23 May 2012 13:57:00 +0000 hourly 1 By: The Key to a Predictable, Profitable Business | caribbeanstartups.com http://www.toiletpaperentrepreneur.com/getting-clients/the-key-to-a-predictable-profitable-business/#comment-3688 The Key to a Predictable, Profitable Business | caribbeanstartups.com Mon, 31 May 2010 16:54:32 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=451#comment-3688 [...] profitable businesses. It works for Chris, and it works for me. Now, you need to do the same: More Posted in Startup Resources Tags: profitable business « 8 Ways to Improve Your Web-Based [...] [...] profitable businesses. It works for Chris, and it works for me. Now, you need to do the same: More Posted in Startup Resources Tags: profitable business « 8 Ways to Improve Your Web-Based [...]

]]> By: Mike Michalowicz http://www.toiletpaperentrepreneur.com/getting-clients/the-key-to-a-predictable-profitable-business/#comment-3687 Mike Michalowicz Fri, 25 Sep 2009 00:36:17 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=451#comment-3687 Brenda - you had me at "monthly fee". Nicely done! - Mike Brenda – you had me at “monthly fee”. Nicely done!

- Mike

]]> By: Brenda Horton http://www.toiletpaperentrepreneur.com/getting-clients/the-key-to-a-predictable-profitable-business/#comment-3686 Brenda Horton Thu, 24 Sep 2009 17:28:06 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=451#comment-3686 Thanks Mike! As business and technology consultants, we revamped our business model last year and are now in the process of setting up some subscription based software products for a low monthly fee. Brenda Horton Hware Thanks Mike! As business and technology consultants, we revamped our business model last year and are now in the process of setting up some subscription based software products for a low monthly fee.

Brenda Horton
Hware

]]> By: Adalia John http://www.toiletpaperentrepreneur.com/getting-clients/the-key-to-a-predictable-profitable-business/#comment-3685 Adalia John Thu, 03 Sep 2009 15:49:25 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=451#comment-3685 This is a golden nugget one that I have received before. However, I never implemented it and it was one of those to do things. This reminds me that today I am going to take at least one small action to get this from the "to do"list to the "done list." This is a golden nugget one that I have received before. However, I never implemented it and it was one of those to do things. This reminds me that today I am going to take at least one small action to get this from the “to do”list to the “done list.”

]]> By: Mike Michalowicz http://www.toiletpaperentrepreneur.com/getting-clients/the-key-to-a-predictable-profitable-business/#comment-3684 Mike Michalowicz Tue, 01 Sep 2009 11:23:22 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=451#comment-3684 @Frank - Thanks, brother! - Mike @Frank – Thanks, brother!

- Mike

]]> By: Mike Michalowicz http://www.toiletpaperentrepreneur.com/getting-clients/the-key-to-a-predictable-profitable-business/#comment-3683 Mike Michalowicz Tue, 01 Sep 2009 11:22:53 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=451#comment-3683 @Hameedullah - You definitely are on the right path. One additional tip, is make the price a "no-brainer" if you can. Meaning the value must be so obvious, that at the price you offer it at is a no-brainer. @Hameedullah – You definitely are on the right path. One additional tip, is make the price a “no-brainer” if you can. Meaning the value must be so obvious, that at the price you offer it at is a no-brainer.

]]> By: Hameedullah Khan http://www.toiletpaperentrepreneur.com/getting-clients/the-key-to-a-predictable-profitable-business/#comment-3682 Hameedullah Khan Tue, 01 Sep 2009 07:14:31 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=451#comment-3682 Just when I am in the middle of starting my own Recurring Fee based service. Glad I was on right path. :) Just when I am in the middle of starting my own Recurring Fee based service. Glad I was on right path. :)

]]> By: Frank http://www.toiletpaperentrepreneur.com/getting-clients/the-key-to-a-predictable-profitable-business/#comment-3681 Frank Mon, 31 Aug 2009 16:35:51 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=451#comment-3681 Great tip Mike!! Frank Great tip Mike!!

Frank

]]> By: The Key to a Predictable, Profitable Business | Caribbean Startup Blog http://www.toiletpaperentrepreneur.com/getting-clients/the-key-to-a-predictable-profitable-business/#comment-3680 The Key to a Predictable, Profitable Business | Caribbean Startup Blog Mon, 31 Aug 2009 16:01:41 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=451#comment-3680 [...] This weekend I was enjoying some Margaritas with my friend Chris. He is one of the greatest entrepreneurs I know (and I know many, many entrepreneurs). You have never seen him in the news or on the front of a magazine, and that’s because he wants it that way. Chris’s company throws off a 37.6% net profit, every month. And when I say net, I mean NET. This is the money left over AFTER all business expenses, all salaries (including his), after depreciation, after interest and after taxes. Oh yeah, and I forgot to mention his company does over $1M… every quarter. Just in case you haven’t had your coffee yet, that is $4M a year business, with a net profit of $1,400,000 every year. Like clockwork. With enough Margarita’s Chris grabbed my arm, and with a slight slur (Margarita’s will do that to you), told me the “secret’ to his success: Recurring Monthly Fees. Recurring monthly fees are the secret to predictable, profitable businesses. It works for Chris, and it works for me. Now, you need to do the same. more [...] [...] This weekend I was enjoying some Margaritas with my friend Chris. He is one of the greatest entrepreneurs I know (and I know many, many entrepreneurs). You have never seen him in the news or on the front of a magazine, and that’s because he wants it that way. Chris’s company throws off a 37.6% net profit, every month. And when I say net, I mean NET. This is the money left over AFTER all business expenses, all salaries (including his), after depreciation, after interest and after taxes. Oh yeah, and I forgot to mention his company does over $1M… every quarter. Just in case you haven’t had your coffee yet, that is $4M a year business, with a net profit of $1,400,000 every year. Like clockwork. With enough Margarita’s Chris grabbed my arm, and with a slight slur (Margarita’s will do that to you), told me the “secret’ to his success: Recurring Monthly Fees. Recurring monthly fees are the secret to predictable, profitable businesses. It works for Chris, and it works for me. Now, you need to do the same. more [...]

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