(1:16:18 PM) 10:22:00 PM T h u g n e s s: I'm launching my own network soon
10:22:05 PM K: nice
10:22:08 PM T h u g n e s s: Oh ya
10:22:10 PM T h u g n e s s:
10:22:27 PM K: let me know if u need an investor after u have a biz plan / model
10:22:31 PM T h u g n e s s: I found an investor to cover the costs of tracking, the rest is easily accessible.
10:22:45 PM T h u g n e s s: You know people?
10:23:00 PM K: was saying i can prob do something
10:23:11 PM T h u g n e s s: I mean those ppl who you call 'investors' would prob. jack my biz model and shit lol
10:23:41 PM T h u g n e s s: Is that how you started?
10:23:48 PM K: biz plan?
10:23:53 PM T h u g n e s s: I don't have a biz plan
10:23:57 PM T h u g n e s s: I don't need one.
10:23:57 PM K: make one
10:23:58 PM T h u g n e s s: It's not on PAPER.
10:24:02 PM K: you do brah
10:24:06 PM T h u g n e s s: But it's all planned out
10:24:08 PM K: otherwise you miss out on so much
10:24:12 PM T h u g n e s s: lol
10:24:14 PM T h u g n e s s: Like what?
10:24:26 PM T h u g n e s s: I have strategies locked down, offers, etc netwolaskjdaskd so mcuh shit
10:24:48 PM K: just believe me it helps guide u in the right direction and if you have a potential investor / other shit down the road its the first thing their gonna ask u
10:25:01 PM T h u g n e s s: A business plan is MIGHT lengthy to the point where like it's a fuckin ESSAY and you end up focusing on shit you never need.
10:25:06 PM T h u g n e s s: mighty*
10:25:15 PM K: mines just 2 pages
Talking with a potential investor at the time "t h u g n e s s " aka Yousif and then a new convo talking about the investment.
12:14:22 AM T h u g n e s s: Ok good
12:14:26 AM T h u g n e s s: Let's not be greedy then, lol
12:14:30 AM T h u g n e s s: Let's make this work
12:14:52 AM T h u g n e s s: We should re-examine the cut you're getting you beast, lol.
12:14:55 AM T h u g n e s s: It's super high.
12:18:28 AM T h u g n e s s: We literally make nothing until we reach 1.5k for tracking cost. Anything after 1.5k = profits, BUT you get 15% of that too.. so it's like, Ummm.. FUCKED lol. There's epenses like hosting, employees, that's about it to be honest. That and taxes. When it adds up, it looks I'm getting about 20+% in PERSONAL keep of the profits with everything else totaled. I'm trying to cope because I even got tracking cost lowered for you. If you can keep 10% that would be great, because generally AM's get that much, but you're not an AM so no recruiting, no work.. You just sit and collect 10% of what we make PLUS the 1.5k. Like if you look @ the big picture, that's an insane amount ANYWAY. 2% of 50k = 1K. Imagine 100k+ and you keeping a whopping 10% margin. That's nutty. I just wish you can make some changes so it works out fair for ALL of us, you know.
12:19:10 AM K: i understand this totally
12:19:15 AM K: 10% is fair
12:19:25 AM T h u g n e s s: Thanks a lot bro.
12:19:43 AM T h u g n e s s: No worries, 10% will be a huge amount because of the volume we'll be producing.
12:20:37 AM T h u g n e s s: How recent was the pricing sheet for Linktrust you showed me last time?
12:20:44 AM K: last november
12:20:49 AM T h u g n e s s: Oh
12:20:53 AM T h u g n e s s: How much was setup fee alone?
12:20:55 AM K: so like 6 months old
12:20:56 AM K: ill check
12:21:01 AM T h u g n e s s: Ok
12:21:04 AM T h u g n e s s: Spoke to Jeremy there.
12:21:40 AM T h u g n e s s: He said they upgraded the STANDARD license and it's 3K+ now JUST for the setup fee, not including monthly. I managed to get it down to 1.6 or 1.5k setup fee and the 1.5k/month or something.
12:21:50 AM K: $1500 setup
12:21:54 AM K: $1600 / month
12:21:59 AM T h u g n e s s: Yeh he said he's giving the old pricing for the new version.
12:22:01 AM K: tell them u want a free month
12:22:04 AM T h u g n e s s: I guess that's his discount.
12:22:09 AM T h u g n e s s: Ok, I will tomorrow.
12:22:15 AM T h u g n e s s: That would help a lot
12:22:46 AM T h u g n e s s: Damn dude, reg'ng an LLC here is SO expensive.
Tell me how much you have paid to him since the initial investment?