Last week we emphasized just how important it is to build your email list. Email provides you with a direct connection to your target audience, with no social media algorithms or trends getting in your way. Your email list will serve as the backbone of your relationships with your potential customers.
But now, it’s time for the specifics. How do you actually build an email list? One way is to use paid Facebook ads to promote a lead magnet, which is something that provides value to your...
Figuring out if a business idea is feasible comes down to a very simple, age-old business formula:
Profit = Revenue - Expenses
It’s a very easy formula, but coming up with the right estimates to determine the feasibility of your idea can be a bit trickier. That’s why we’re walking you through each piece of this equation to help you figure out if you should move ahead to creating a business plan.
Before we get started, it’s important to note that this exercise is based...
If you’ve been following our podcast, you might be starting to wonder just how much it costs to start and run an online business. Today, we’re going to dive into the various expenses by sharing our current costs with you for our business.
It’s important to consider your operational expenses from the start so you can assess the feasibility of your business idea. They’re a crucial piece of planning your company and determining how viable it is.
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