Ep 240 – Who Does Revenue-Based Financing Work for Best?

SIBP-Blog-NEW-4 Welcome to Episode 240 of the Success in Business Podcast. We are here for you every Monday to teach you about success in business and today is no different.

Today Tom delivers on his promise to dig into revenue-based financing and who it works for best. It’s important to understand that revenue-based financing investors are essentially lenders. This is not “I love you money.”

Revenue-based financing investor will first consider revenue. They will want to know the prospect for having future, consistent recurring revenue. That’s called MMR: monthly recurring revenue. So, if you have a strong showing in that area then you would be an excellent candidate for revenue-based financing.

Examples of these types of companies are membership services like Netflix, Square Space, a paid e-mail through Google, etc. Tom continues to teach us that there is a positive correlation between the amount of the loan and the amount of the MMR.

Tom wraps up today’s great episode with a New Year’s toast! May you have a happy new year!

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Ep. 213 – The Secrets to a Successful Kickstarter Campaign, Part 3

SIBP-Blog-NEW-1 Kickstarter campaigns can be very successful if they are done right! Today in Episode 213 your host and business coach Tom Ryan discusses with Jason Pyles what makes a video effective. There are a lot of things that you need to do right to achieve that high production value in your video. Campaigns with good videos are funded twice as well according to Kickstarter.

Hiring a professional videographer is a big investment so you really want to check their portfolio and their references. Jason tells a couple of funny cautionary tales to illustrate the importance of finding good talent. If your have a tight budget for your project then Tom recommends approaching a local college or university’s Video Department.

If you have an iphone you might be surprised at the quality of the video you can shoot on this kind of device. Just make sure you have a steady hand. A perfect solution to this concern is a this GoWorx GoKnuckles Handheld Mount.

Check out an example of a great kickstarter video here.

Audio quality needs to be sharp our people will tune out. You need to make sure your subjects are properly wired and that you are using good microphones.

A great location can add so much to your video. Choose a location that is relevant to your audience.

Thanks for listening!

Links for Today’s Episode:

Kickstarter Rules

Kickstarter Success

Kickstarter Projects

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