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What Should You Do with Your Crappy Little Services Business?

Both Sides of the Table

It would not be a big stretch to image a well run service business like this making 15-25% net profit margins. I could go on-and-on with all of the sales-blocking messages you will hear when you try to charge for a product. That is $12 million in profits over 3 years. Who are your competitors – how much do they charge?&#.

Services 332
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Startups Should Focus On Their Net Profit Score Not Potential Promoters

InfoChachkie

As crazy as this scenario sounds, it is very similar to the “scoring process” companies engage in when they track Net Promoter Scores. A company''s Net Promoter Score (NPS) is a beloved metric slavishly tracked and reported by product marketing and customer support executives of both established and nascent enterprises.

.Net 100
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Startup Pricing: Are You Selling A Giffen Product?

InfoChachkie

At Citrix, GoToAssist customers would occasionally ask if they could just pay for our screen-sharing functionality because they didn''t intend to use the product''s other features, such as reporting and session recording. Even sales reps will invoke a cost plus logic when negotiating with me on behalf of their customers.

Pricing 100
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Boomers are Looking for Another Bite at the Apple

Startup Professionals Musings

News & World Report , people over 40 were key players in 86.6% The article also refers to government data showing that those 55 to 64 and older represent one of the fastest growing groups of self-employed workers. High-travel sales and buyer positions. Retail sales to Gen-X and Gen-Y. Angel Investor.

Mentor 75
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Are You an Entrepreneur?

InfoChachkie

Repeatedly organize yard sales in which you sold your broken toys, books you wrote and illustrated, along with overly sugared lemonade and burnt cookies. They seemed as surprised by their popularity as the reporters who covered Beatlemania. For instance, when you were growing up, did you partake in any of the following activities?