The most challenging type of clients, they have so many problems and challenges that it is literally a train wreck to fix. And maybe they don’t even want to be fixed. That’s something I’d want to check first. If they are coming to you, and if they want fixing, then maybe there’s an opportunity here for some kind of roll-up or putting it together.
So the question that was put to me is, do I feel this represents a great opportunity to go into a bunch of revenue share deals quickly? Or would I avoid these people because of their poor business acumen? I think it could be a major mess. Trying to do that many deals all at once for your first revenue share with people who are disorganized and out of control would probably not be worth the effort. I would say, for your first revenue share deal, pick one person, and pick someone who’s very keen and enthusiastic, and who’s got all the ticks in the boxes.
And I say this in my revenue share training. The best prospect for revenue share deal is one who you would probably find it a little bit hard to get. The ones that are too easy to get are not good ones. Because if you’re a coach like me, you get people every day saying, Hey, will you coach me, and I’ll just pay you out of results? Great. But you’ll notice one of my filters is, generally for SuperFastBusiness, I want someone to be making at least $10,000 per year online with the thing they want help with before we’re a good fit. Because that part up until there is just so hard, it’s like Mount Everest. Trying to get these people from 20,000 to 70,000 a year up to 200,000 or 700,000 a year, there’s a lot that’s going to have to happen for that. So they’d have to be extremely motivated, they’d have to be ready to surrender all control and let you run the show for that to work out.
So I don’t think it’s a great opportunity. But I do think if they’re that hopeless, you could just hire them. Hire them as experts. Go and start your own brand, do a reverse revenue share deal, and put all of them on a performance basis as a reverse revenue share deal and now you’ve got an opportunity.
See our products here