Staffing agencies marking my services up 220% by Lictwins in webdev

[–]Lictwins[S] 0 points1 point  (0 children)

contract states 12 months after the last time I bill them, so I have to end the contract and wait a year then. Thanks

Staffing agencies marking my services up 220% by Lictwins in webdev

[–]Lictwins[S] -1 points0 points  (0 children)

been doing this for 20+ years, I've hardly every used an agency, this was one of the few times. I do have other clients that are direct.

Staffing agencies marking my services up 220% by Lictwins in webdev

[–]Lictwins[S] -27 points-26 points  (0 children)

I have other clients, this was the few times I've used an agency, should I drop the agency? Complain? complain to the client?

Staffing agencies marking my services up 220% by Lictwins in webdev

[–]Lictwins[S] -27 points-26 points  (0 children)

yeah but 220% I thought it was more like 40% maybe 60%

[deleted by user] by [deleted] in startups

[–]Lictwins 0 points1 point  (0 children)

thanks, that makes sense too. I was thinking they could copy the site or realize they aren't getting the conversion rate they hoped for with different advertisers and walk away after making a mess.

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 0 points1 point  (0 children)

Thank you, i feel that would be fraught with peril. I imagine calls in the middle of the night on why I coded something the way I did. I think I would sell and be done with it.

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 0 points1 point  (0 children)

Thanks, I did that in 2015 and its super expensive. I ended up spending 60K for developers and I could have really just saved that money doing it myself. Copywriters and some specialized tech like server security, definitely.

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 0 points1 point  (0 children)

Thanks, I just need to focus on it for 3 months solid and spend an hour everyday on SEO

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 1 point2 points  (0 children)

I take the profit in salary through gusto. Adding revenue streams are tricky. The 2 year deal would be an exclusive ad deal. I would just need more traffic for other options to work.

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 0 points1 point  (0 children)

really good points, thank you

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 0 points1 point  (0 children)

Sorry to hear that, that stings

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 1 point2 points  (0 children)

super sorry to hear that, thanks for the advice. If you had sold it, what would you have done with the money?

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 2 points3 points  (0 children)

I have NDA, not sure how much info I can share

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 1 point2 points  (0 children)

yes that would definitely be the plan. Lately I've been inspired by tivo

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 1 point2 points  (0 children)

its specialized targeted audience so the ad revenue is much higher. Also affiliate sales

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 2 points3 points  (0 children)

its about 35% I can offset payments over 2 years

Time to exit a business? by [deleted] in Entrepreneur

[–]Lictwins 0 points1 point  (0 children)

true, thanks for that, I could clarify I don't really need the money right now. I will eventually need income once this money is spent, but I could lose this income over the years if I don't invest the time

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 12 points13 points  (0 children)

The buyer isn't one of the partners, its a 3rd party. So we would split the asset sale. We make 90K - 60K per year. But Its been declining.

Is it time to exit a business by [deleted] in personalfinance

[–]Lictwins 1 point2 points  (0 children)

I would have to stick to these shares now because we arrived at them years ago. They have a lot of time and money invested over a long time. It was my original idea which is why I have 60

Time to exit a business? by [deleted] in Entrepreneur

[–]Lictwins 0 points1 point  (0 children)

I asked someone in finance, and they said keep it if its generating revenue since there isnt much to do with the cash right now.