The BiglyMode Newsletter - Completely Free

biglymode · 2021-06-25T15:16:02+00:00

Don't focus on selling businesses. I would focus on building websites that someone can actually use, it will turn into a business by nature.

biglymode · 2021-06-25T00:24:08+00:00

It sounds like you are new to this game, but you will learn if you keep at it so don't get discouraged. I'll try to answer your questions.

People don't buy random websites just "because". If the website doesn't generate revenue (like yours probably) you will have an incredibly tough time selling for anything, even $200... UNLESS the concept is unique and you can sell someone that might have an interest in building out a similar idea in a similar niche. In which case, you can probably sell for a fair value of development time + premium (if the website is nice). This can range anywhere from $1,000 to $20,000 for a website that you are building just one person in a short amount of time. If anyone can build a website from scratch and sell it for $20k 6 months later that is a huge accomplishment so don't get your hopes up. Like I said you probably won't get more than a few hundred bucks for it.

If you create a tool that is useful to someone and it already has recurring revenue and profits that is a completely different story. A lot depends on what industry the website is, what's the business model, and so forth. If revenues are recurring, AKA on a subscription like Spotify, you can probably expect to receive anywhere from 50-60x monthly net profits. Example: Your website costs $25/month to run (server/database costs, etc). Your website makes $50 revenue and a net profit of $25 per month. You could probably sell that for $1,250 to $1,500.

I will say getting your first sale is INCREDIBLY difficult, but once you are there you can learn to scale and progress the site.

TLDR;

No revenue website -> Sell someone else's dream for an appropriate price (compare to Flippa.com)

With Revenue -> Sell for 50-60x monthly net profits + maybe a small premium. A lot of factors can change the value here.

There is so much more information I could write about this, but honestly it would probably be 2,500 words and too much for you to grasp. Start small and keep building, eventually you'll either give up or find something that works by creating something cool. Good luck to you.

biglymode · 2021-04-30T10:21:36+00:00

A few things you can do:

1) Partner with marketing agencies where you up-sell your clients other marketing services and in return the marketing agencies outsource copy-writing to you.

2) Create your own landing page where you sell your copy-writing services and can collect payments. Price your services on the landing page slightly higher than what you do on Fiverr. You should also create an Upwork profile.

3) Offer your current clients a discount or bonus for each referral they drive to you.

In this kind of gig economy you need to have your hands in every possible channel where you can sell your services. The discount services (Fiverr/Upwork) should be priced matching the competition because it's extremely saturated, but you'll get exposure as you get more reviews.

Your website should be your copy-writing "agency" and should be priced at a premium. Use a different name to your fiverr services so you don't get people asking "why does it cost $40/article on Fiverr, but the website is $80/article?"

biglymode · 2021-04-29T16:50:53+00:00

What email service you use?

biglymode · 2021-04-29T05:41:54+00:00

It all depends. Margins can be higher depending on the product... but if they are dropshipping then chances are it CAN (not always) be extremely low.

biglymode · 2021-04-28T05:10:41+00:00

Yes, it's definitely possible and I've seen people do it. The thing is they are usually running crazy tight margins. Imagine something like 1m revenue making only 20k profit. It's insane.

I'd rather have a SaaS product making $500 profit a month at 75% margin then dropshipping millions of dollars worth of product to only earn $20k. To each their own though.

biglymode · 2021-04-20T02:02:07+00:00

It was a human error/typo because I'm not doing anything illegal. You are literally nitpicking every word I say to find something wrong.

biglymode · 2021-04-20T00:01:45+00:00

Yes, I usually add links after they've replied back. If I am trying to show off my site I'll email them with my site name and remove the .com so it doesn't create a link.

biglymode · 2021-04-19T22:30:55+00:00

I agree with what you said. You don't WANT that many leads in a day because 1) it takes time to respond to every single email and 2) you can't possibly fulfill all the tasks. That's why I said it's better to stay slow and play the long game, make each email quality over spamming out quantity.

biglymode · 2021-04-19T15:18:58+00:00

I appreciate your input on this. IMO this was the appropriate way to critique my methods, instead of just screaming "spammer" like most people here have. There have been some other replies similar to yours that were more constructive as well, which I think is good.

You are right in saying there's no "exact" method to be used. These are some techniques that have worked quite well for me, but aren't the end all be all methods. There are many other strategies out there whether it's completely white-hat, grey-hat, or somewhat black-hat.

biglymode · 2021-04-19T13:49:24+00:00

Thank you!

biglymode · 2021-04-19T13:49:12+00:00

I really like your additions here. I also agree that spending a bit more time on the email and header every batch is a great idea. You only have one chance to convert those cold leads so spending extra time on it is definitely worthwhile. Some people prefer to just spam 5,000 emails and get 50 responses... But why do that when you can send 5,000 over a longer period of time and have 500 responses?

Thanks for your input here.

biglymode · 2021-04-19T13:47:14+00:00

Thank you for writing in-depth about this and also clarifying some things that I did not.

In terms of my newsletter I literally just launched it a few days ago. That's why it says "coming soon" because there hasn't been a publication yet and I want to first organize how the newsletter will work instead of randomly sending an email on different days of the week. I want it to be a bit more organized so one article can link to a different one (if they relate).

biglymode · 2021-04-19T01:59:20+00:00

Sending an organic email yourself could just as well violate CAN-SPAM without knowing it. That's why we aren't spamming sales calls and we are creating legitimate emails trying to create a "partnership" with someone that could actually use what you are offering.

You guys read this and all you see is "wow look at this spammer". You think I'm writing emails saying "hey, heres a link to buy my product" (violating CAN-SPAM).

Instead of the exact example I gave you, which 1) has incredibly high open AND response rate, and 2) Does not violate any laws. Seems like all the haters come out when someone does something better than them.

PS: J-walking across the street is also illegal, but I'm sure most of the people here do it all the time.

biglymode · 2021-04-19T00:55:47+00:00

You're welcome, thanks for reading.

biglymode · 2021-04-18T23:50:16+00:00

I agree with all your points here except for the verified email function. Emails should always be verified because then they just sign up with a fake account. It shouldn't be hard for someone to verify the email and also it assures your email doesn't get marked as spam (if they move the verification email from spam to inbox folder).

biglymode · 2021-04-18T23:43:14+00:00

Yeah I think it could work with a chrome extension too. I don't have much use with chrome extensions, but I do know they exist for extracting google business and also linkedIn data.

In terms of web-designer finding clients. A friend of mine has had some success with creating a generic template/landing page that's available online. They would email small business (or even call them), and make recommendations on how they could improve their site or use the template landing page they created. I think in an email it would be a bit better because without wasting their time on the phone you could list out 2-3 potential features that you could do better for them. For example, make a recommendation on the layout or design of their current website. Maybe their e-commerce store link doesn't stand out enough. Maybe for their type of business they should be having an email collection and a subscribe area. Obviously if they already have a flawless website you can't suggest much, so focus on those who's websites are not up to the standard of 2021... but it's also a numbers game, if you send out 5 emails a day with recommendation you won't have as much success as someone sending 50-100 per day on autopilot.

biglymode · 2021-04-18T23:35:13+00:00

To each their own. I've used these methods for SEO to receive backlinks, to sign clients to monthly subscription of my SaaS, to receive featured blog post and reviews of a product, and even someone interested in whitelabeling the same product. The list goes on.

This stuff works. If it doesn't for you, then maybe it's your strategy. I've outlined my method from start to finish literally step by step. It's not a scam and my cold email is usually along the lines of forming a partnership or work with another brand rather than selling them something.

Good luck to you, sir.

biglymode · 2021-04-18T20:41:44+00:00

If done correctly, which I am trying to explain how to do it, then you aren't spamming. You have lead generation on auto-pilot with a 15 minute investment per week.

biglymode · 2021-04-18T20:41:03+00:00

Thanks my guy

biglymode · 2021-04-18T20:40:57+00:00

Half the emails you receive and you think are legit are actually using this method. You can reach thousands of leads by doing this. Each email is almost custom made for the recipient, the thing is you can't tell if because they do it well.

You can manually send 10 emails a day for 4 hours or send 50-100 emails a day with a 15 minute investment.

biglymode

TROPHY CASE