I am 20 years old and my business has tanked.
I have $300 left to my name and I need to start cash flowing as fast as humanly possible.
My plan is to get back into sales cash flow 5-10k per month then roll that money into entrepreneurial ventures
I have two years of sales experience -Tech SDR -logistics AE -selling my own offer (small business SAAS)
My question is: What type of sales should I pursue
- Tech sales
- Commission only High ticket closing for personal brand offers (coaching, courses, etc)
I really dislike the corporate space but I know I could land a pretty high paying tech sales job fast with my resume.
High ticket sales is what I really want to do but the barrier to entry is much greater. It’s all about who you know, networking and would take time that I don’t have
What should I do. By this time next month I NEED to be making 5k minimum per month
Unpopular take but the absolute most reliable way to accrue wealth is:
- Get a job
- Spend less than you make
Not enough info. You have $300 left and what are your expenses? Do you pay rent? Live at your parents? Pay for school? Have three children?
$300 doesn’t sound like much but it really depends on your expenses. Most people say get a job, any job, as quickly as possible. They’re probably right. But it really depends on your expenses. If you have zero expenses then you can be a little more picky.
Sounds like you have skills, then use them. At the same time try to develop other skills.
Regarding your question. Go with “tech sales” if you cannot survive on $300 and once you can breathe again go into commision sales.
Perhaps you could combine the two ? Such as selling tech solutions for personal brand development or working for a tech company that offers personal development courses.
Considering your urgent financial situation, prioritize short-term stability. Leverage your tech sales experience to secure a high-paying role quickly. While high ticket sales align with your preference, the immediate focus should be on securing a steady income. Once stable, you can strategically transition into high ticket sales, using your earnings to fund entrepreneurial ventures. This approach balances immediate financial needs with your long-term goals. I can suggest you more if you would like to have one to one meeting.
What should I do. By this time next month I NEED to be making 5k minimum per month
You need to shed some liabilities, if you NEED to be making $5k a month.
Lower your bills, aka burn rate, to as close to zero as possible. Then if you want to start a business, you can actually start small and manageable and build in a way that is sustainable.
You don’t have time to f*ck around. Get a job @ both. Go balls to the walls and dump the one if this exceeds 100% of the other option. Good luck.
When I was your age I was in debt so you’re already ahead.
I need someone to make a minimum of two sales. Guaranteed commission is $3,500. Non Guaranteed commission is $1,000,000.
What’s your business? Also; if you’re interested you can work for me. High ticket sales for a consultancy firm. Let me know if you’re interested.
When you have $300 you take whatever job you can get. Now.
Good luck man.
Are you trying affiliate marketing on a commission-based?
If you have good sales experience, you can hook yourself into high-value products. Ping the SaaS founders they are looking for a partnership on commission based for each customer/client you bring.
Remember, every indie hackers are looking for marketers, sales people to partner with on commission-based.
As you need 5k next month and you are pretty sure that tech sales will get you to this. I would prefer this way.
After few months you can invest you saving to grow your personal brand in Tech sales in which you will have experience.
And after you have grown your brand to some level then you can sell your courses.
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Iam also on the same path I now have around 16,000+ followers in Instagram.
Can you consistently work hard?
At your age I was minus $30K from school debt. You got this.
I wouldn’t be against blue collar hustle work to make $ and have no risk on being able to generate. Hit houses and bag leaves + offer power washing and eaves cleaning, you can make $500-$1,200+ / day.
More sophisticated work - get companies qualified meetings for $200 plus 10% of sales as they happen, take 3/4 clients on and double down on the good ones, getting them on retainers once they trust you. Startups may pay this.
Need a unique outbound message with a follow up call. This is super doable. I have a lot not experience and am old now, but we sell 7-figure contracts now and it’s an absolute blast. We help companies and their greatly benefited.
if you knwo sales then why are you not able to sell your product/service?
Bet on black