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685 contributions to Royalty Ronin
Did I screw up?
Hi @Travis Sago and everyone, long time lurker just joined :) I recently launched a lead reactivation offer and signed 3 clients in 24 hours, but I think I may have screwed this up. Here is the breakdown: Client 1: SaaS, targeting anyone who hand raised but didn't buy and/or churned (no active customers). Big ongoing list, 30% commission. Client 2: SaaS, launching a new brand/offer, wants to send out an offer to the old brands audience about the new brand/offer (5k leads over the last 3 years, my guess is 3k once cleaned), 50% commission. Client 3: Sales coaching, proposed we craft an offer together and send out to their audience of handraisers/churns, similar list size/age as Client 2. 30% commission Since these audiences I’m targeting in these campaigns are non-active customers (handraisers + churn), am I setting myself up for failure or do these audiences sound appropriately ‘warm’ to potentially be successful? Thanks so much and excited to learn! ps - current plan is to spin up inboxes, warm them for 2 weeks, then start sending emails and work them through a phoneless sales system Google Doc.
0 likes • 12h
Why are you treating an internal list like a scraped cold audience?
0 likes • 5h
@Matt Benjamin Do your clients use a CRM? How are your partners mailing their list right now?
OI: When to know if their starting price is too high to negotiate
Got a handful of conversations going with Skool owners today (6 so far) about purchasing. Of the ones that have a price, one said $75k and the other said $50k. These are not massive communities. A few thousand people. I know "how long is a piece of string" but is this just a case of needing to go through BDTS a few times and get a feel for it? The super high starting numbers seem ridiculous to me for what the owners actually have.
1 like • 3d
If you can share the chat screenshot, I can share how somebody following BDTS would have responded. Feel free to DM.
Struggling to open convo's with SaaS business owners
I've been looking into local SaaS businesses. Travis emphasizes on opening with a personal point to get the conversation rolling. Problem is, most of the SaaS business owners I come across has set their FB/IG on private and all they talk about on LinkedIn is the feature they have implemented. Compared to course creators and coaches they seem to live a more sheltered life. I have tried opening with "Do you have open capacity for more subscribers for X?" But I feel like I get lumped in with the 1000 of other marketing agencies pitching them. Any thoughts?
1 like • 8d
Check their G2 or Capterra reviews. Customers tell you exactly what the software does well and where it falls short. That's your intel. "I noticed a few reviews mention the onboarding process being confusing, is that something you're actively working on?" shows you did real homework. Also, Check their LinkedIn company page for hiring signals. A SaaS company hiring a customer success manager is probably dealing with churn. Hiring a growth marketer means they're ready to scale. Those signals are your conversation starters.
0 likes • 6d
@Matthias Van Cauter What do you mean?
Is this dead?
Is it still a thing… Social media marketing agencies? If they’re not “dead” like email, webinars, etc Who has that audience of agencies? I have an offer that’ll put them on the revenue side of things with their clients. Instead of a monthly invoice and their clients thinking…”What exactly did I pay for?”… They’ll be a revenue partner.
1 like • 8d
Tai Lopez, Iman Gadzhi. GoHighLevel's official Facebook group have thousands of agency owners. GHL also has an affiliate and partner program that could be a distribution channel itself. YouTube channels teaching SMMA still get massive views. Skool communities built around agency growth are also worth finding.
Licensing Opportunity
Hey @Travis Sago, I’d love your perspective on how to structure a licensing deal for a physical product business. I was listening the other day to a podcast where the founder of a US-based company was interviewed, and I thought their business model was great and was something I would like to bring to the Spanish market. They’ve validated the model in the US. They make multiple 7 figures selling serialized stories through snail mail (subscription model). I sent him an email yesterday asking if he would be open to bringing this into the Spanish market, and he replied within 2 hours saying that yes, they had started translating it into Spanish, but other priorities came up. So we’re meeting on Thursday to explore this potential partnership. I’m interested in licensing their IP, content, stories, and creative that are proven to work. They also have great processes, systems, and operations in place. The challenge is that this is a physical business, so margins are tighter: Printing, labor, shipping, etc. Plus customer acquisition (ads, partnerships, create content...) My goal is to structure this in a way where: They get meaningful upside (so it’s worth it for them), but I keep enough margin to operate and grow this new pie. I know when it comes to licensing there are no fixed terms and everything can be negotiated. 👉 How would you think about structuring a deal like this? I would like your take. Appreciate any insight.
1 like • 8d
Propose a small upfront licensing fee plus a percentage of monthly recurring revenue paid quarterly. Flat royalty percentage on revenue is cleaner than trying to do profit splits. You don't want him auditing your printing costs and you don't want to explain why margins fluctuated. Before agreeing to anything, clarify: 1. Who owns the Spanish translations, you or them? 2. What exclusivity are you getting and for how long? 3. What happens if you want to expand to Latin America later? 4. Is there a minimum performance clause and what are the consequences if you miss it? What's your plan for customer acquisition in Spain? That's probably his biggest question about whether you can actually pull this off.
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Active 3h ago
Joined Jun 6, 2023
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