About Get Profitable HQ: Business Growth Strategies for Online Entrepreneurs
Ever wondered how to turn a passion into a thriving seven-figure business? Laura Smith, host of Get Profitable HQ, spills the secrets that helped her overcome shyness and build a successful online business for over a decade. Running a business while juggling family, travel, and a chronic illness is no walk in the park. She gets real about the struggles entrepreneurs face and shares strategies to help you balance life and business. Discover the behind-the-scenes truths that will resonate with every entrepreneur trying to make it work! *Feel a sense of camaraderie as Laura assures you that everyone faces challenges in growing their business. You're not alone, and she's here to prove it! *Demystify the world of business numbers. Feel empowered to befriend and understand your business metrics, laying the foundation for success. *Gain practical insights into growing your email list, boosting conversion rates, and navigating the intricacies of online tools and courses. Laura breaks down tangible steps you can implement right away. If you’re ready to transform your business and life, hit play now. Don't miss out on the community, knowledge, and REAL talk – your journey to business success starts with this podcast!
Laura announces big changes for the podcast, including a temporary hiatus until February 2025. She opens up about her personal journey with chronic health issues and how it has tremendously impacted her business and life. She also announces plans of opening new coaching slots for six-figure business owners needing assistance with business growth (email Laura at hello@getprofitableHQ.com for more info). Be sure to stay connected through the Get Profitable HQ email list for updates and exclusiv...
6 Aug 2024
How Much to Pay Yourself as a Business Owner
Laura dives into a listener's question about how to pay yourself as a business owner, as well as increasing that amount as the business grows. She discusses why she reinvested 100% of her profits in the early years to then eventually paying herself a salary and taking owner's draws. She also shares her own experiences and gives advice on separating business and personal finances, maintaining a conservative approach to reinvestment, and the gradual increase of her salary over the years. Tune in for an unfiltered, behind-the-scenes look at the financial decisions she’s made throughout her entrepreneurial journey! Plus, Laura touches on the book 'Profit First' and why she doesn't follow its advice to a tee.
Key Topics:
(02:00) Initial startup cost; reinvesting 100% of profits
(04:40) The first business investments made
(08:20) Transitioning to an S Corp and making salary decisions
(13:35) Laura’s decision to pay off her home mortgage
(16:10) Laura’s salary as a CEO; putting financial strategies in place
(18:10) Following the Profit First model for financial management
(26:40) The importance of paying yourself for your hard work
Listen to Episode 08: Top 5 Financial Mistakes Entrepreneurs Make (https://www.buzzsprout.com/2299500/14585298-top-5-financial-mistakes-entrepreneurs-make)
Listen to Episode 09: Business Finances 101: Money Topics Every Entrepreneur Should Understand (https://www.buzzsprout.com/2299500/14624834-business-finances-101-money-topics-every-entrepreneur-should-understand)
Connect with Laura:
Getprofitablehq.com (https://www.getprofitablehq.com/)
Getprofitablehq.com/the-profit-posse (https://getprofitablehq.com/the-profit-posse)
30 Jul 2024
Converting Freebie Seekers Into Paying Customers
Ready to turn those freebie seekers into loyal buyers? Laura gives strategies for getting those non-buyers excited about what you have to offer! She talks about how to nail your launches and create a sense of urgency, really get to know your audience and understand what they want, and play around with your pricing to get those sales numbers climbing. There’s no doubt that getting freebie seekers to actually buy can be a daunting task. But, with the right strategies and mindset, it is entirely possible to turn them into not just followers, but happy, paying customers!
Key Topics:
(02:25) Analyzing your email list
(05:05) The value of non-buyers
(08:05) Strategies for persuading people to buy
(12:55) Effective advertising techniques
(16:50) Creating urgency and motivation
(19:10) Tips for successful launches
Connect with Laura:
Getprofitablehq.com (https://www.getprofitablehq.com/)
Getprofitablehq.com/the-profit-posse (https://getprofitablehq.com/the-profit-posse)
Reach and audience
Public platform figures. Ratings count people who left a rating, not total listeners.
Apple Podcasts (US)
4.7 / 5
11 ratings
Spotify
5.0 / 5
2 ratings
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