Would would happen if.......

32 replies
So I'm bored... even though I have a ton of stuff to do but one of my servers is down for a few more hours.

I was thinking... what would happen if some of the more well known warriors got together on a company that hasn't been started yet. What would happen? Think we'd be able to make this a multi-million dollar company in under a year?

I can't help but think that if we put some of us together we could probably take a very nice chunk of market share.

Think about all the cold calling experts being on one team with their different techniques and experience, along with other experts.

Anyway just something I was thinking about, what do you guys think? What kind of numbers would you guestimate in gross sales? Who would you have on your dream team?
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  • Profile picture of the author MonteMichaels
    Originally Posted by iAmNameLess

    So I'm bored... even though I have a ton of stuff to do but one of my servers is down for a few more hours.

    I was thinking... what would happen if some of the more well known warriors got together on a company that hasn't been started yet. What would happen? Think we'd be able to make this a multi-million dollar company in under a year?

    I can't help but think that if we put some of us together we could probably take a very nice chunk of market share.

    Think about all the cold calling experts being on one team with their different techniques and experience, along with other experts.

    Anyway just something I was thinking about, what do you guys think? What kind of numbers would you guestimate in gross sales? Who would you have on your dream team?
    While that sounds like an awesome idea, i think you might find that there would be too many chiefs and not enough Indians left. Everyone has a different way of doing business, and there might be quite the clash of egos.


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  • Profile picture of the author vndnbrgj
    I definitely agree on a multi-million dollar business in under a year....

    This is where the problem would lie:
    Different parts of the country.

    It would be fantastic, if all the good marketers were in the same state.
    But, without that, everyone would just talk on Skype?

    Who would be responsible for what?

    I think it could work out very well, if everyone got together....
    Otherwise, I think it would be a huge headache down the line.
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    • Profile picture of the author iAmNameLess
      Originally Posted by vndnbrgj View Post

      I definitely agree on a multi-million dollar business in under a year....

      This is where the problem would lie:
      Different parts of the country.

      It would be fantastic, if all the good marketers were in the same state.
      But, without that, everyone would just talk on Skype?

      Who would be responsible for what?

      I think it could work out very well, if everyone got together....
      Otherwise, I think it would be a huge headache down the line.
      I think the marketers being in different states would be a huge advantage, at least in my point of view. Yeah, possibly a group chat on skype or a self hosted room or something.

      I think the main obstacle would be operations. Production of the service and getting together on that. Obviously if there were a business like this, it would be incorporated and we'd work out the % owned or whatever. We all have our own teams for the work, so that may be difficult to figure out but I think the majority of us would have a huge focus on sales.

      Production might be the biggest problem.
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  • Profile picture of the author ryanmckinney
    Maybe to many chiefs, maybe not. You would need more Indians than chiefs.

    Maybe a few experienced Warriors , took a few novice Warriors, and see what happens.

    Ryan
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  • Profile picture of the author MonteMichaels
    Originally Posted by iAmNameLess

    Quote:

    Originally Posted by MonteMichaels

    While that sounds like an awesome idea, i think you might find that there would be too many chiefs and not enough Indians left. Everyone has a different way of doing business, and there might be quite the clash of egos.


    Posted from Warrior Forum Reader for Android

    You may be right... but imagine if it worked...
    Yeah if it would be able to work it would be a beautiful thing for sure. Someone would still have to be in charge. Even the most talented players in the NBA are told what to do.


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  • Profile picture of the author RobbieT
    Yep, great idea and something that I had thought about also but I thought that it could be done online and perhaps it could be compartmentalised, a bit like an assembly line, with people doing their speciality to the product and then passing it on to the next person.

    Probably too messy but something to think about.
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    • Profile picture of the author Eddie Spangler
      I have no doubt that it COULD create a multi million dollar company pretty fast or it could create this:
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  • Profile picture of the author Eddie Spangler
    But for the sake of getting started What do you think would be the best thing to sell?

    I vote for the most powerful marketing company promoting small biz using internet and social media technologies that exists. Literally a potential billion dollar per year company potential.

    High margins, High Demand, Underserved Market
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  • Profile picture of the author Deidra Renee
    Originally Posted by iAmNameLess View Post

    So I'm bored... even though I have a ton of stuff to do but one of my servers is down for a few more hours.

    I was thinking... what would happen if some of the more well known warriors got together on a company that hasn't been started yet. What would happen? Think we'd be able to make this a multi-million dollar company in under a year?

    I can't help but think that if we put some of us together we could probably take a very nice chunk of market share.

    Think about all the cold calling experts being on one team with their different techniques and experience, along with other experts.

    Anyway just something I was thinking about, what do you guys think? What kind of numbers would you guestimate in gross sales? Who would you have on your dream team?
    I think a dreamteam would be you, john durham, kenmichaels, David miller, bob Ross, kaniganj..I'm sure there are a few more, but those are the main people I'd like to see.
    It would be important for direct mail and other type of experts to be on the team also,IMO.

    Gross sales could easily go over a million in a year.
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    • Profile picture of the author ryanmckinney
      Originally Posted by Deidra Renee View Post

      I think a dreamteam would be you, john durham, kenmichaels, David miller, bob Ross, kaniganj..I'm sure there are a few more, but those are the main people I'd like to see.
      It would be important for direct mail and other type of experts to be on the team also,IMO.

      Gross sales could easily go over a million in a year.

      Naaahhhh, this is the dream team.
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  • Profile picture of the author Aussieguy
    If you wanted to, you could sell shares in a private company (shares offered to WF members). Shareholders vote in the board from nominees. Board picks the management team, including Managing Director.
    This team sets up a back end by investigating the pool of potential resources we have here on WF. One would imagine (if the WF isn't actually filled 99% with newbies and you-know-what) that a full suite of services would be able to be developed at very wholesale prices. Service providers could be anyone on WF (or elsewhere). Whatever the management team finds gives the biggest bang for buck. Maybe even hiring their own in house team in one location.

    This could then be offered as a "turnkey business opportunity" on the WF. Finally a WSO worth buying (only this wouldn't be a WSO!).
    A full service whitelabelled back end.....but one that actually gives the "business opportunity buyer" a start up package of sales & marketing materials.

    Now, obviously this is the WF, so the motive is probably to give people an opportunity to start something without some massive franchise fee!

    What I'm picturing (as one of no doubt zillions of options):

    So a WF member can actually (finally!) buy a "turnkey" business opportunity that gives them a full set up....a website (branded with their logo etc, that would also be done for them should they need one), they get all the printable brochures, business cards etc files that they can get printed (that way those who have the money can do so, if not, they don't need to). In other words, any WF member can simply buy a business start up package (which is sold at cost), provided they agree to the terms (ethics etc).

    The WF member now has what? An instant start up package of templates, training etc, including even their own website with showcase. But this time, they have a true instant back end, that is a full service suite. They can now do any of the following:

    - listen to Jason Kanigang's training (that the company has licensed) and start cold calling, if they want...or listen to the other training that shows them how to get out there, using proven methods.
    - Get brochures, business cards etc printed if they wish. Even run newspaper ads etc if they wish. This is all in their start up kit.
    - Get out there and start selling any or all of the services to their area (or however they like).
    - They might even get out there and hire their own commission sales team
    What's the cost? The start up kit. Plus an (optional) private membership with ongoing training / what's happening in the world of "local IM".
    What do they make? Similar to a whitelabel service, they make the difference between wholesale & retail. What's the difference to just finding a whitelabel service? This one will offer a full suite of services, it will have a community which gives you much needed social support. And more of an emphasis on sales & marketing strategies/training etc.

    What does the "company" get? Well, they've just set up a whitelabel business basically....only they have a great advantage over other whitelabel reseller providers: access to many people actually looking for a business opportunity - globally! In other words, they *should* become a decent sized company fairly quickly!

    The shareholders own the company, and that works the way it does with any company. I wander if it could get so big that it could go public, lol?


    Anyway, that's just one ramble of zillions of options. Downsides are many also. Not financial risk, but others like: how many come to WF genuinely looking for a business opportunity. I've been thinking about the whitelabel thing recently, so it's reflected in the angle I took. There's other options of course. For example: the way I described really builds no brand for the company (other than as a re-seller companym hwich there's nothing necessarily wrong with that). But, for example...you could do all of what I stated above, with one twist: they don't buy a turnkey business and brand it as their own, instead (like a franchise) they buy a business that is still the brand of said company. That would probably make more sense, as after all...people would be getting in for a pretty exceptional deal.
    Once the start up package is developed (as part of start up phase), it would cost next to nothing to provide all the materials/training etc (perhaps by member website, so that content stays updated, rather than just download a bunch of files). So the buy in could be pretty minimal. You could pretty much boil it all down to a small annual fee that kept them "active" that gave them access to everything (i.e. everthing on the member site). The fees from the business packages should self-fund the member site.

    The company needs to put together the best backend available, and work out exactly how to do that, with all the various options of doing that.

    The brand building means that the original shareholders who bought in and funded the start up are actually building their brand more stongly than with the unbranded white label option.

    Final comment: I wrote this as my thoughts lead, which is not how I'd normally create a post (I'd usually have some idea of where I'm going!). But, as this was just an "ideas" post, I figure anything goes. So, apologies for anything that didn't make sense etc.
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  • Profile picture of the author Craig McPherson
    Gee, If the logistics could be nailed down it certainly is a mouth watering proposition. Create a mastermind group and who knows where this idea could go.

    Hmmmm
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    • Profile picture of the author theaer
      Love the ideas... though I can't help but think that it is 'cannibalizing' your own current business.

      I mean, many of the top WF members make their money selling information products to the startups... there is no incentive to support a turn-key system as it would eliminate the core of the current business.

      Anyway, I think too many of the same personalities (cooks) will be at war with one another (in the kitchen) with poor results.
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  • Profile picture of the author LBspeaks
    Originally Posted by iAmNameLess View Post

    So I'm bored... even though I have a ton of stuff to do but one of my servers is down for a few more hours.

    I was thinking... what would happen if some of the more well known warriors got together on a company that hasn't been started yet. What would happen? Think we'd be able to make this a multi-million dollar company in under a year?

    I can't help but think that if we put some of us together we could probably take a very nice chunk of market share.

    Think about all the cold calling experts being on one team with their different techniques and experience, along with other experts.

    Anyway just something I was thinking about, what do you guys think? What kind of numbers would you guestimate in gross sales? Who would you have on your dream team?
    What happens when a car has 15 tyres all moving in different directions? Worse... what happens when a car has 15 drivers all driving simultaneously?
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    • Profile picture of the author John Durham
      Someone already tried it last year, organizing a group of warrior partners...investors...talent... They put out a rent a site model and asked Warriors to invest... probably 200 did, and to my knowledge none of them have made a cent yet except the organizer, but Im sure he isnt sleeping too well these days...,and has alot of people on his tail.

      This OP is an interesting thought, but Im not sure how the logistics would work out...certainly would be a major undertaking...

      Personally I'd just like to hire someone like Diedra who can sell websites on the phone, but she doesnt need anyone else to make money!

      What would be interesting to me is to have taken these 200 people or so, out of the few thousand that bought my first report, who are now selling on their own..., and have trained them to sell for me instead! lol.

      Originally Posted by theaer View Post

      Love the ideas... though I can't help but think that it is 'cannibalizing' your own current business.

      I mean, many of the top WF members make their money selling information products to the startups... there is no incentive to support a turn-key system as it would eliminate the core of the current business.

      Anyway, I think too many of the same personalities (cooks) will be at war with one another (in the kitchen) with poor results.
      Actually there is alot more money to be made selling offline products than information, take it from someone who has done both, unless you have 100k people on your list or something.

      Thanks for the interesting thread IAMNameless.

      What would be more interesting, come to think of it, would be to sell an information product designed to introduce an opportunity to sell for you... Like as in , I train you through information, then supply an opportunity for you to take the knowledge and work for my company with it and start earning immediately.

      We are going to sow a few different kinds seeds this year. More meaningful ones.
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      • Profile picture of the author LasseKohau
        I actually discussed this idea with Jason a few days ago.


        Maybe, a startingpoint for developing this business idea, could be a 2 or 3 event mastermind group - discussing business ideas, products, sales, backoffice solutions, retention, growth strategies and so on.

        Nail down a formal business and finance plan.


        I guess, that one of the toes in this - is the individuliastic attitude of warriors, maybe I´m wrong about this, but it seems to me, that worries are much stronger in supporting, than in working together, which is a shame.


        rgs, Lasse
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      • Profile picture of the author TonyD
        Originally Posted by John Durham View Post

        What would be more interesting, come to think of it, would be to sell an information product designed to introduce an opportunity to sell for you... Like as in , I train you through information, then supply an opportunity for you to take the knowledge and work for my company with it and start earning immediately.
        I really like this idea John as the person buying would see it as a way to put their new found knowledge to work straight away and also be earning from it. They would be more motivated to buy as it would be an investment into a long term career, but then companies do not usually expect their new hires to pay for training? Would you suggest employing them or contracting them?
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        • Profile picture of the author John Durham
          Originally Posted by TonyD View Post

          I really like this idea John as the person buying would see it as a way to put their new found knowledge to work straight away and also be earning from it. They would be more motivated to buy as it would be an investment into a long term career, but then companies do not usually expect their new hires to pay for training? Would you suggest employing them or contracting them?
          Contracting most definitely.
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          • Profile picture of the author mojo1
            Originally Posted by John Durham View Post

            Contracting most definitely.
            Do keep in mind the following for those who contract independent professionals.

            Contracting people who are being instructed and trained like an employee for IRS purposes could get the said company in a lot of hot water by misclassifying them though.

            If any training is involved with the expectation of being able to monitor their performance, then they would or should be classified an an employee be it part or full time.

            Just something to be aware of.

            I did the research earllier this year as I wanted to know the pros and cons of using/hiring contractors/outsourcing versus employees. I must say that my eyes were wide open with what I learned and see that many folks here on the WF have their businesses set up on a very shaky foundation and many WSO's lead most people in a very misinformed way when it comes to the proper way to establish a contract with independent workers.

            Ugly scenario: If a contractor took their 1099 form down to their local unemployment office and tried to collect unemployment, the unemployment office could then decide to conduct an audit or simple IRS litmus test on the business owner and if the business does not pass this contractor litmus test there will be major fines to pay.

            1. http://erginc.com/pdfs/independent_c..._questions.pdf
            2. http://www.irs.gov/pub/irs-utl/emporind.pdf
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        • Profile picture of the author Jerry McGough
          I think if you have six like minds, their egos and throw in money, it's virtually doomed.

          That being said, I did have the same fantasy a few years back on an idea I had, and here's how I thought it could work.

          If you're in the USA, each person would have a certain geographical area. They get all leads from that area and reap the financial rewards from their area.

          They work together....but separately.

          Sort of like a franchise structure.......

          I'd suggest that to iniate such a union, the six founders should go spend a week together in a nice beachfront mansion in the Outer Banks and hammer things out around the clock.
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  • Profile picture of the author bob ross
    I agree with how difficult it would be with so many "chiefs" but it would be interesting to see happen for sure!
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    • Profile picture of the author DWolfe
      I know it could work if A solid foundation was layed out. Something along the lines of a Directory site with the whole package structured from the ground floor up. Get teams of 2-4 players in each area. Ones good at selling SEO, Others selling a basic web-site, Others doing QR-codes and SMS. Than we would need advanced web-sites and custom designs. Find a few people to make banners and design graphics. I see on this forum two people that seem to excell in each area. Plus we need one leader in each ares, I would let I'am Nameless be the head since this is his IDEA.

      Than build a whole package. Basic Listing on site cost x dollars. Advance Listing cost xx dollars. Want to be on type of site XXX dollars.

      Hope someone can plan this all out and run with it without taking peoples WF Members $$$"S but instead bring in cash flow.
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  • Profile picture of the author bob ross
    If anyone wants to actually do this, I'm all for it.

    I would LOVE to be a part of something like this:

    Focus on one really specific niche, let's take contractors for example. They're easy to deal with, always need leads, typically clueless to marketing, and often have lots of cash to spend.

    We have one or two experts in each field, handling teams of skilled workers. Each specialized field will need to handle both the prospecting and the marketing services.

    Offer extensive marketing packages that they can't refuse to take advantage of:
    • lead generation
    • reputation management
    • sales promotional tools
    • direct mail services
    • ppc
    • seo
    • places
    • email marketing
    • social media

    We prospect them via direct mail/cold calling/email/seo, targeting established remodelers that need more leads, new contractors that need to jumpstart their business, contractors with bad reputations, and all the guys that are out there just needing to take their contracting business to the next level.

    Offer all sorts of packages that include outsourced cold calling, easy direct mail campaigns, web development, seo, ppc campaigns, etc...

    With all of our expertise I'm positive we could generate a ****load of leads and could possibly make a fortune strictly on pay-per-lead, like a much better and diversified service magic.

    I can see getting paid on a subscription or contract basis, pay-per-lead basis, percentage of gross sales basis, or preferably a mixture of all.

    "We'll acquire thirty leads for you completely free in exchange for 20% of the gross sales, or you can pay $50 per lead and 10% of the gross sales".

    How can they refuse something like that? Thirty leads is so easy to acquire it's not funny. A telemarketing team of five alone can set 5-10 solid leads per day.


    Upsell them on all the other service packages and I'm 100% absolutely positive there's a large fortune to be made. With all of our expertise and combining it to focus on one specific local niche, it would probably be extremely easy for us to do.
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    • Profile picture of the author David Miller
      I'm reading through this thread and I can't help but wonder if the end result of this proposal would eventually become that which many of us have left behind. Perhaps it would be a financial sucess. It could also be complete with the cumbersome policies and procedures that choke creativity in favor of expedient mediocrity.

      In other words, many of us have left the corporate "group think" to be on our own for a reason. Face it, we're not here because we can't get a job. We're here because we know in our hearts we can stand on our own and realize our dreams.

      I've always viewed the WF as the place where I can come, get a handle on what else is going on in the marketplace, get some ideas, share some thoughts and sometimes vent.

      However, what I have been pondering is more along the lines of a skype group of like minded people who understand "professional" sales and marketing. Just imagine an entire thread where there is not a single post about "how cold calling" doesn't work!
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      • Profile picture of the author ShayB
        Originally Posted by David Miller View Post

        However, what I have been pondering is more along the lines of a skype group of like minded people who understand "professional" sales and marketing. Just imagine an entire thread where there is not a single post about "how cold calling" doesn't work!
        If you ever make one of those, I want in!
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  • Profile picture of the author Solid Web
    I think it would be a fantastic idea, seeing as the top marketers are all going to be coming from different parts of the world, everyone is going to have a specialized idea of how it works in their state! Gaining the strengths of the chiefs and dropping their weaknesses!
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  • Profile picture of the author Jason Kanigan
    The most difficult part would be defining areas of responsibility, and keeping those who are not responsible for those functions OUT.

    And the Warriors would have to do the WORK in their area of expertise.

    Heck, if you've ever read about the pirate system, it was pretty democratic. The captain was elected by the crew and if he or she screwed up badly while leading them, they'd be removed. Something similar could work here.
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    • Profile picture of the author ShayB
      A very intriguing idea.

      I do agree about the chiefs-vs-indians ratio. I'm happy leading, but also quite content being behind the scenes and a supporter, rather than a leader all the time.

      I see this having a greater possibility of working if one person has the vision and then starts inviting individuals with the strengths he/she needs to help build the team, rather than a haphazard "I'm in!" from a group of random people and then trying to sort/delegate tasks.
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  • Profile picture of the author John Durham
    I am in agreement with David Miller. I do think its a cool idea though.
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    • Profile picture of the author ShayB
      Originally Posted by John Durham View Post

      I am in agreement with David Miller.
      So am I.

      I have an idea I'm taking into the direction of franchising. Plus variations that I'm simply using for my own personal offline biz.

      I'd love to have a small mastermind group that I knew had similar ideas about cold-calling, etc., to be able to have ideas to bounce off of.

      Also people that I knew had real-world biz experience, too.
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  • Profile picture of the author Hugh
    The talent pool here is outstanding.
    The management problems: mind-boggling.
    Have to agree with David, nobody is here looking for a job.

    Hugh
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