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59 | How Long Does It Take To Start Making Money?
Manage episode 423381068 series 3563174
Contenuto fornito da Dr. Temeca Richardson (Dr. T). Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Dr. Temeca Richardson (Dr. T) o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
Many new entrepreneurs are trying to figure out how long it should take before they start making money in their business and in truth, that may not be the right question to ask. In this episode of SHE Launches podcast, we are talking about how long it should take and we have AI to thank for some of the answers. You might be surprised about the length of time it should take to start making money in your business, but there are some SUPER IMPORTANT words that you may need to also consider. We are discussing all of that and more in this episode.
Next Steps:
Get access to our SHE Launches Freebies (FREEBIES)
Ge a copy of the SHE Launches Playbook (www.shelaunchesit.com)
Join us on Facebook (https://www.facebook.com/groups/shelaunches)
Email me for support at: drt@shelaunchesit.com
SHOW SUMMARY
00:00 - 10:04- Dr. T discusses how long it takes to start making money in a business
- She emphasizes the importance of getting started and the challenges of launching a business
- She uses artificial intelligence to gather information on franchise setup and the time it takes to start making money
- The process can vary significantly and depends on factors like finances, experience, and location
- Dr. T aims to help people understand the launch process and improve their chances of making money sooner after launching their business
- Starting a franchise involves significant costs, including franchise fees, real estate, equipment, and recurring fees
- It takes 2-4 months to launch an e-commerce online business, but 6 months to a year to build an audience and generate meaningful revenue
- Most new online entrepreneurs overestimate how quickly they can make money, and it often takes 3-5 years for an online business to become highly profitable
- Building brand awareness, search engine rankings, and a customer base takes significant time for an online business
- Common challenges faced when starting an online business include attracting an audience, creating a sustainable business model, having the right expectations, understanding competition, and customer retention
- Getting support and help can help speed up the process of building a successful online business.
- Dr. T emphasizes the importance of seeking support and help to achieve success
- He discusses the realistic expectations of making money and the effort required
- He encourages listeners to leave a rating and share the podcast for impact
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