GTM Guys | Application Preview
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General Information
Business Registration Number: 12607178-0160
Location: Orem, UT, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $250k to $500k
Annual Gross Expense: $250k to $500k
Open to Loans: NO
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Funding Usage
There are a couple of areas of major opportunity that could generate a lot more revenue for the business, without incurring much more expense. In other words, it's an area that allows scalability quite easily compared to the traditional method of revenue we currently have set up. With this money, it will allow the business enough bandwidth to cover the current workload and cover the cost of expanding into this new area without putting the current business model at risk for several months.
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Business Plan
Because of my experience overseas, in teaching and technology and marketing over the last 13 years, I am building out a training service that teaches people in the Philippines how to manage digital ads like an expert, and then hire out those individuals to businesses who need help with advertising, but at a fraction of the cost of traditional U.S.-based marketing agencies. They will enjoy true professional, knowledgeable marketers who will help them grow and save money so their business has the capacity to save and even expand. This is a service businesses are begging to use but the existing companies who provide similar services either can't find a way to break into without poor quality of services. They encounter a lack of knowledge about marketing platforms and algorithms I have, and they typically encounter a language barrier, which I also have the skills and resources to circumvent. In the next 5 years my business will go from managing a small group of clients as a white-glove marketing agency to primarily managing thousands of business advertising services. The revenue of the business will undoubtedly reach to $1-2 million a year in revenue because of the large demand, ability to succeed where others fail, and the low cost which makes the service not just vital but a no-brainer to retain month after month. Less turn-over and more scalability with minimal cost compared to our current model. In the first year, with a more traditional agency model (but obviously with improvements) my business made around $300,000 in a limited space. Where I'm growing towards is a larger market with far less overhead costs to accomplish. That is why I think it's very conservative of me to say $1-2 million in the next 5 years. This is the next big step in helping small businesses succeed. It's not an unknown idea, it's just an idea no one has executed correctly - and few have tried. Given how hard it is for business to succeed, especially when the economy is not thriving, this will save businesses from going under and be in extremely high demand. Similar services are already in high demand, such as virtual assistants and designers. I already have connections to thousands of agencies who desperately need to use this service so they can cost-effectively manage business advertising services without all the overhead. Upon building this out it will be a matter of establishing agreements with them. It's important to note that I've already proven this out in my current business. I've trained my foreign virtual assistant to optimize ad accounts effectively and with clear insight.
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Self Identified Competition
Level 9 Virtual (they have considered partnering with me so I would train their teams on this so they could offer Facebook Advertising services with good quality, but they have failed to stay in touch, so instead of waiting on them I'm just going to build it out under my business umbrella and work with my network) Thinkific Belay Competitors typically make 3 major mistakes that prevent them from helping the larger pool that is neglected. 1. They outsource with individuals who are qualified but too expensive for most businesses to use 2. They try and the quality is so poor (because nearly all foreign/cheap virtual advertisers lack proper training and the ability to think for themselves) that people abandon the service 3. They establish the wrong scope of work that makes the service even more prone to flaws that they lose clients over areas that should mostly be avoided when involving foreign resources because of language and culture barriers.
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