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Getting out of the business after 12 years and need some advice!

Discussion in 'BlackHat Lounge' started by bmac, May 22, 2013.

  1. bmac

    bmac BANNED BANNED Premium Member

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    I started in the Internet marketing business back in 2001 and after over 12 years of doing this and 9 years of doing it full time I am leaving the business to start a different type of company. I have been thinking about it for over a year now on what the best exit would be since this type of business is not very easy to sell. All I really have is my knowledge on what works and what does not work. Over the past 7 years I have really done well making well into six figures per year so I hate to just shut everything down and walk away.

    I have tried hiring people but that never worked well because I was spending a lot of time managing them. So I have come up with two options and wanted to get your opinion on which I should go with. One is to just find some jv partners and share with then my methods and I keep a little of the income. The advantage is continued cash flow but I think it will still be a lot of labor keeping up with it and training everyone and I would always have to watch and see if I was really getting paid and if the partners where sharing the methods with everyone all over the net. I have used about 10 to 15 methods that have worked great over the years and no one is usin them so I have never shared then with anyone.

    I also considered writing an ebook and selling a very limited number of copies. Maybe one ebook for each method and sell it for $99 and only sell 10 copies of each so the method does not get used very much. This would take much less time but not sure there is a very big market for it. Just looking for some feedback and ideas
     
  2. netmoney1

    netmoney1 Executive VIP

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    If you sold 10 copies of each that would be at most $15k.....if you are making 6 figures a year find a great manager to run the effort....and collect a piece...

    I mean if you are really making 6 figures a year put someone in your place...take 20%....over 10 years that's 200k...(at just 100k a year)
     
  3. the_demon

    the_demon Jr. Executive VIP

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    If you wanted to transfer your clients to our firm, we could talk about a revenue sharing arrangement. PM me if interested.
     
  4. lancis

    lancis Elite Member

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    When I dont understand the business model I get suspicious. :)

    You have 15 methods, limited to 10 copies, selling for 100$ each: 15 * 10 * 100 = $15,000.
    This is not a typical start-up exit price. :)

    I wouldn't move a finger if 15 WSOs would bring me only $15,000 - its a waste of time.

    If your story is true, then by all means just leaving it as is and moving to the new business is the best idea.
     
  5. iminmenorca

    iminmenorca Newbie

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    hey there...

    i have a somewhat solution (depending on where you are based)

    we are in the uk and are looking to acquire books of accounts.. as you have pointed out your knowledge is your asset - but we like to think we are clued up to ...

    So how about we manage your book - you'll earn an income for the lifetime of the client and hey presto - still earning from you have done and have the time etc to run your new business..

    Pm me if you are interested...
     
  6. PrinceVisi

    PrinceVisi Elite Member

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    I can be the manager. PM me. Very hard working and secret keeper.
     
  7. bmac

    bmac BANNED BANNED Premium Member

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    We do not have clients. All my income has came from CPA and pay per click programs. The hire a manager theory is always easier said than done. I have tried that for years and I still spend many hours per week managing the manager. Anyone that has ran a big business understands what I mean. I have invested the money I have made so it is not about me making money. If so I would just keep doing what I am doing. I just hate to shut down and not make use of 12 year of experience but if u just post the methods here they get over used within a few days
     
  8. darkstar69

    darkstar69 Jr. VIP Jr. VIP

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    I would go the JV route if i was you.
    If you write ebooks to sell them you only have one time money from it and most likely you can be sure they are shared sooner vor later and the methods get saturated.
    When you find someone for JV you have recurring money.
    Also it's better in case something goes wrong with your other business you can geht back into IM with the methods without having your knowledge shared with many other people or sold it as an ebook.
     
  9. bmac

    bmac BANNED BANNED Premium Member

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    So you would not write a short book for $15k? You must be doing better than me lol


     
  10. bmac

    bmac BANNED BANNED Premium Member

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    The only issue I have had with jv is most guys are just lazy. They want your method and then they end up selling it as their own.
     
  11. netmoney1

    netmoney1 Executive VIP

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    $15k for something that produces more than 6 figures a year??? Find someone with IM knowledge and train them...guarantee you can find someone to run the ship for 80% - structure it so you still have control. NDA's, Lawyers, etc...
     
  12. bmac

    bmac BANNED BANNED Premium Member

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    Train them is the issue. It takes a lot of hours to train someone to do something I have spent 12 years learning. I am still working full time just in a different area of marketing so I don't really have time. I will still make the same amount I am just not using these methods anymore
     
  13. darkstar69

    darkstar69 Jr. VIP Jr. VIP

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    This is exactly the reason i usually don't do JV's.
    But in my case i am the lazy part.
     
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  14. tompots

    tompots Elite Member Premium Member

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  15. Rua999

    Rua999 Power Member

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    Could you not train a trusted family member to continue on for you and split the profits with you?! Surely somebody close to you would jump at the chance and you will be more confident in trusting them than a stranger.
     
  16. bmac

    bmac BANNED BANNED Premium Member

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    Yes I have tried some jv's in the past and everyone wants something for nothing. You have to work no matter the method. I always see guys spend a ton of time looking for ways to automate everything which is fine but they spend all their time looking for ways not to have to work much instead of doing the work that would make them money
     
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  17. ashash7

    ashash7 Registered Member

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    This is exactly what I would suggest. Build a pyramid underneath you where you are at the top. Have one person under you who distributes the work you want done to employees. This person under you is in charge of collecting that work and making sure it's done correctly at the end of each day, then turns that information over to you in a file. I have one person who reports to me the day's work by 4pm. If the stats aren't where I want them, I let that person know and they let the people under them know to get it right the next day. A project manager is what you need. They are in charge of the work, and you are in charge of approving if the day's work went well.
     
  18. bmac

    bmac BANNED BANNED Premium Member

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    The 10 copies was just and example but I would not want to sell many because it decreases the value of the information is the whole world knows it. I am not selling a business just some ideas that used to work well for me. The good employees I have are invoked in the other business that I have moved on too.
     
  19. RussianMarketing

    RussianMarketing BANNED BANNED

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    Bmac sorry if I'm out of line on this one, but why the hell would you leave a business that's making well into six figures per year. You could grind out 2-3 more years and retire comfortably somewhere in SE Asia.

    Also, If you're business is making well into 6 figures, why would you even sell your sig for the "right price"?
     
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  20. dennica

    dennica Jr. VIP Jr. VIP Premium Member

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    i have meet that problem before.. getting tired of managing my team.. what i did was is that i hired a manager...

    now I have lots of free time..