“I went to them and said, can I bring my company inside your company and I will pay you a percentage of sales. And they agreed to it. And I used to pay them 5%. So in 2012, I paid them $10,000 in rent. We got up to like 500,000, I think in 13, something like that.”

Rick Tremor · Real Business Owners · Ask Me Anything | Episode 387

Play from 13:28
13:28

Audio streams from the publisher’s own feed. Verbatim does not host or copy it.

What was described

Negotiated to pay a woodshop owner 5% of sales as rent, which amounted to $10,000 in 2012 and later $50,000 as revenue grew.

5% of sales; $10,000 rent in 2012; $50,000 later

Said nearby on the same subject

“As immediately, you get the KGB out of your life… you have about $10,000 IRS debt… pay that off this month”
DR
Dave Ramsey
The Ramsey Show ·
How they work $10,000 Share this moment
“If the reseller is a customer, the amount the reseller pays them would be their revenue…if the reseller is an agent, they would record revenue as what the customer pays with a commission.”
MC
Mike Coleman
PwC's accounting podcast ·
Why it worked Share this moment
“The base rate rent for the MyState Bank Arena is $200,000 a year, but the Tasmanian government pays the LK Group $175,000”
CM
Claire Murphy
The Solo Bureau ·
Pricing $175,000 paid, $200,000 market rate Share this moment
“If your goal is to earn $10,000 a month as a coach and you're selling coaching sessions for $100 an hour... a high-ticket coach might sell for $3,000, $5,000, or $10,000 per client.”
♫
Said on Life Coaching Secrets
Pricing $3,000, $5,000, $10,000 per client; $10,000 a month target Share this moment

Moments like this, every Monday

The strongest new moments on your topics, in the speakers' own words. Free for three topics.

No card. No password. One-click unsubscribe.

Track a competitor?

Pro watches up to 25 names or phrases and emails you the morning after they are said.

See Pro, $29 a month

Verbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.