Have a brick and mortar biz doing 300K but want to venture into online!

14 replies
Hello All,

Ive just signed up and am fairly new. Ive been nosing around a while now and thought id ask your advice.

I have a business that works at the moment. We are a service business, much like an electrical company but we specialise in security systems. As some of you mate know its very stressful, long hours and very physical.

Im looking ti make the switch to a more online business. I know it can be just as stressful but hopefully less physical and perhaps more time at home with the family.

Although I turn over a decent amount the profit is around 10% so not great, but I do have a lot of knowledge in this field.

Mu question and I apologise if this is asked a lot, do you think I should:

1. Build a website with some quality articles/advice for people looking to do what I do at their own home. Them find a product to sell/adsense etc.

2. Build a paid member only website with the same articles.

3. Something else I'm missing completely!

Your time is very much appreciated and I look forward to being a member
#300k #biz #brick #mortar #online #venture
  • Profile picture of the author JohnMcCabe
    If you truly have the expertise you claim, and I have no reason to doubt you, you might want to look into a model like Angie's List or Home Advisor. In addition to ads, they charge the various contractors for each referral.
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  • I would do a consulting business for home owners looking to install or looking for security options. Since you are an expert on this you should brand yourself online as an expert and charge for consultation. It´s a big business.

    Send me a pm if you want more information
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  • Profile picture of the author Randall Magwood
    The first easy step you can do is build a site. Since you're doing $300k a year, the small price for a web designer should be minimal. Also, a super easy way to get started is by promoting it on Google Places (or Google Local Places - whatever it's called). That way when someone in your area is looking for a service like your's, they'll be able to immediately see your listing instead of having to wad down the page looking for someone that can help them. But you should at least be doing email marketing to your current and past clients. That's a given.
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  • Profile picture of the author DRP
    Originally Posted by mozzmorr View Post

    I have a business that works at the moment. We are a service business, much like an electrical company but we specialise in security systems. As some of you mate know its very stressful, long hours and very physical.
    Originally Posted by mozzmorr View Post

    Im looking ti make the switch to a more online business. I know it can be just as stressful but hopefully less physical and perhaps more time at home with the family.
    There's no such thing as an "online business". Business is business. Angie's list is a website, but it's a corporation with an office, payroll, taxes, expenses, etc. The whole idea of the "laptop lifestyle" is a cruel lie sold to the masses to take advantage of them. Which brings me to my next point...

    Originally Posted by mozzmorr View Post

    3. Something else I'm missing completely!
    This right here. What you should consider doing instead is utilizing internet marketing to enhance your current business. In fact, today's competitive environment calls for most businesses to incorporate integrated marketing communications in order to stay competitive. They need to utilize offline and online approaches to business in order to stay in business.

    The idea for you is to start an online marketing initiative to increase your brand awareness, market share, and gross revenue.

    So you should consider looking into that. The first thing is to create your objectives when it comes to marketing your business online. After that, you create your strategy to meet said objectives, and then work on the tactics that will bring it all together.

    If you do this correctly, your offline and online efforts will be nothing but a benefit to your existing business.

    But please don't fall into the trap of thinking that their is a magic system or "online business" that you can start and run with to replace your "offline business". Doing so will be very costly to you, I assure you.

    All the best!
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    I'd rather tell you an ugly truth than a pretty lie.
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    • Profile picture of the author Christopher Fox
      Originally Posted by DRP View Post

      The whole idea of the "laptop lifestyle" is a cruel lie sold to the masses to take advantage of them. Which brings me to my next point...
      What the hell is this, then, and who are these people showing up to it?:

      http://affiliatesummit.com/

      Annual, global conventions with nuttin' but a bunch 'o people doing what you say is impossible and a cruel lie.

      It is NOT a lie, DRP, for some people have achieved exactly what you say is impossible. There are affiliates (and other business models) making into the millions per year that are doing it all with a laptop and a cell phone, being able to work wherever they have an internet connection. Ya know, one of those online businesses you say doesn't exist. There are freelancers making a modest to 6 figure income doing the same thing, working from home, with all of their business being conducted on the phone or computer.

      And you know this, DRP, that some people have, and will continue to make it, even though you obviously cannot pull it off yourself, and are stuck at a job, beholden to your employer to clothe and feed you. And since you know people have, do, and will continue to make it, calling it a lie, is, well, a lie, for you are saying something you know to be untrue.

      The 'idea' is quite tangible and exists, and some people are living the lifestyle you claim doesn't exist. It is just not achievable by the vast majority. That is the lie - that anyone can do it, with no money, no experience, and no real knowledge and skill sets. And even with those prerequisites, many still fail.

      This stuff is not something achievable by the majority who try it. This is no different than anything else - few will make it to that upper echelon (long term, full time income, even if only $50,000-$60,000/year). There are also a bunch of windows, where people could scoop up some easy money with little actual business skills, that are now closed - but were open at one time. So, at one point, there was some truth involved in some of these 'systems & methods' of making money.

      It is not a lie, DRP. It is just something that most won't achieve, and you and I are FAR from alone in understanding that most of this stuff is bullshit - all of the 'easy, methods, systems, anyone can do it with no money', etc.

      Here's what I can guarantee you - you, or anyone else, will NEVER make it if you think it is all a lie, and if you don't try. Good thing Jeff Bezos didn't ask for your advice, eh? Stupid internet, nobody can start a business from home with a laptop and internet connection and make it big, it is all a lie. According to you, that is.

      In 2014, just in the US and just in retail sales (not services), 305 billion dollars traded hands over the internet. $75,000 is 0.00000025% of that. If you are telling me it is impossible for someone to take a laptop and internet connection and tap into that tiniest of tiniest of fractions of that money, well, you flat out do not know what the hell you are talking about. Period. Yer just a Negative Nancy.

      What you should consider doing instead is utilizing internet marketing to enhance your current business. In fact, today's competitive environment calls for most businesses to incorporate integrated marketing communications in order to stay competitive. They need to utilize offline and online approaches to business in order to stay in business.
      That right there is awesome advice. But, he needs to not use the word 'instead'. Replace that with 'in addition to'. There is nothing wrong with trying to achieve both - generating more leads for his current business while also trying to establish another income stream. But, a website with AdSense probably isn't the way.

      EDIT: Out of curiosity, DRP, what, exactly, are you a bona fide expert in? What aspect of Internet Marketing do you specialize in?

      Following up with the OP:

      1. Build a website with some quality articles/advice for people looking to do what I do at their own home. Them find a product to sell/adsense etc.
      Check the web presence of your competition. It is another damn 'buzzword', but you need to look into the concept of content marketing. With the proper strategy and a little patience, you could increase your sales, perhaps up your price a bit, do some cross and upselling, etc. And while doing that, you will be educating yourself on this whole Internet Marketing thing, and you may come up with the right pieces and ideas to branch out and achieve what you want.
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      One man alone can be pretty dumb sometimes, but for real bona fide stupidity, there ain't nothing can beat teamwork.

      - Seldom Seen Smith
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  • Profile picture of the author Brent Stangel
    2. Build a paid member only website with the same articles.
    Make it step-by-step video tutorials.
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    Get Off The Warrior Forum Now & Don't Come Back If You Want To Succeed!
    All The Real Marketers Are Gone. There's Nothing Left But Weak, Sniveling Wanna-Bees!
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  • Profile picture of the author TLScopy
    Originally Posted by mozzmorr View Post

    We are a service business, much like an electrical company but we specialise in security systems. As some of you mate know its very stressful, long hours and very physical.
    I'm assuming from your question that you want to exit the physical world and enter the info-product space????

    I would suspect that all the networked, all in one solutions like simply-safe are cutting into the physical, wired security systems?

    If I'm right, I also suspect that amateurs know little about how to think tactically and often set up those systems in a way that makes them feel safe but in reality they are exposed to the bad guys...

    Could you use your expert status as a pro installer to offer training on ways to make consumer grade security systems more effective?

    I'm thinking about some of the concepts the 5 second survival guy uses for his self defense product could be used as inspiration...

    Your selling "Fear Abatement" at the core just like he is...

    http://5secondsurvival.com/ (Not sure if its ok to post url...I have no affiliation with this company)
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  • Profile picture of the author mozzmorr
    Thanks so much for all the reply guys! I think what I was meaning was ill continue to do the 'brick and mortar' biz until the online biz becomes the main income winner. The reason behind this is Im a slave to the equipment in this industry. If things go faulty or take longer to deliver or arrive then I have to work on or late. I have no problem working late but would like to see some real value or income in doing so.
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    • Profile picture of the author gamn13
      Alot of great nuggets here.

      I think you have to start off by asking yourself are you looking to completely get out of your current business? or just restructure it? so your managing the business instead of it running you.

      Another big question is how are you currently getting clients? Do you already have digital marketing campaigns generating leads and sales for your services?

      Before you jump into creating a digital product you may want to learn the basics of marketing with the internet by developing profitable campaigns for your own business.

      Once you get that down, you'll have some experience getting results from marketing and advertising online, then you can easily test different business models, i.e. affiliate marketing, info-products, etc.

      Just a random thought, maybe you should try incorporating some affiliate offers and services with your offline business, which will through you extra income, and boost margins if you figure out how to incorporate it.
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  • Profile picture of the author mozzmorr
    I currently work from 6am till 8/9pm for a pretty standard wage of around £2k per month. As they say I can only work so many hours! I feel and have thought possible that I could with a lot of work make the same online while spending more time with my family and friends and not being a slave to UPS or the equipment! Also when I'm off work (which is rare!) I'm not earning!
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  • Profile picture of the author Sean DeSilva
    What is the one thing you would tell someone to do if they were seeking to secure their home? If you can narrow down to just one thing, you have a good attention grabber. I teach my clients new to info marketing to treat that as the entry point into a longer funnel. It is then driven by additional high-value tips and methods of streamlining the process (these are the products/sales).
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  • Profile picture of the author Steve B
    Originally Posted by mozzmorr View Post

    Have a brick and mortar biz doing 300K but want to venture into online!

    Personally, I would not stop doing what you're doing if you're making $300K - you probably won't make anything near that as a new Internet marketer.

    Incorporate an online component to your business that fills in the "gaps" or holes in the marketplace that you aren't now addressing in your physical business. Use the "online" portion to expand the reach and audience of your current physical business. It makes sense to also use the online capabilities you have to provide customer or prospect education and communication within the niche.

    If there are parts of your current business that you don't like, hire them out to others to free up more of your time to do what you do like.

    Steve
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    Steve Browne, online business strategies, tips, guidance, and resources
    SteveBrowneDirect

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  • Profile picture of the author JohnMcCabe
    Here's another idea.

    Transition from running a successful business to helping other people in the same business do better. Google the names of Joe Polish and Rory Fatt for an idea of what can be accomplished.
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  • Profile picture of the author Frank Donovan
    Originally Posted by Steve B View Post

    Personally, I would not stop doing what you're doing if you're making $300K - you probably won't make anything near that as a new Internet marketer.
    Steve, that's the headline, but the OP admits to making only 10% profit ($30k?). Then he goes on to say this:

    Originally Posted by mozzmorr View Post

    I currently work from 6am till 8/9pm for a pretty standard wage of around £2k per month. As they say I can only work so many hours! I feel and have thought possible that I could with a lot of work make the same online while spending more time with my family and friends and not being a slave to UPS or the equipment! Also when I'm off work (which is rare!) I'm not earning!
    So I'm not sure how much his business is providing him at the moment.

    In any event, he's clearly unhappy and stressed out with his current situation. I'd suggest that he looks into a franchise model - if he has the control of the business to do that. An online advisory service might work, but would take some time to gain enough traction.

    But honestly, if he's killing himself for $2k a month, almost anything else would be preferable.

    EDIT: I've just noticed he wrote £2k, so he must be based in the UK. That's still below the average income here, so my point still stands.
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