Q&A: Real Estate Scraping, Selling Spreadsheet On Etsy, Bookkeeping Basics & More⏐Ep. #115
Jan 8, 2025
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Dive into a Q&A session covering everything from scraping commercial real estate for leads to the nuances of selling custom spreadsheets on Etsy. Discover strategies for closing sales over the phone and the pros and cons of e-commerce versus service businesses. Explore how to stay motivated in business when financial pressure isn't a factor, and learn about the importance of accountability partners. Lastly, get essential tips on bookkeeping that every entrepreneur should know for scaling their ventures.
32:57
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Quick takeaways
Utilizing tools like Reonomy can enhance the efficiency of client acquisition in commercial real estate by providing targeted data insights.
Creating custom spreadsheets for sale on Etsy can serve as a lucrative side hustle by identifying and addressing niche market needs.
Deep dives
Strategies for Scraping Commercial Real Estate Data
Utilizing advanced tools can significantly improve the efficiency of finding commercial real estate clients. One recommended platform is Reonomy, which offers a comprehensive database for $450 monthly but has a free trial to help new users gather necessary data without upfront costs. By setting up specific searches in Reonomy, users can export targeted lists of businesses that fit their criteria based on ownership and utility expenses. Complementing this with Outscraper allows for cross-referencing information to identify potential clients accurately, thereby streamlining the process of client acquisition.
Selling Spreadsheets as a Side Hustle
Creating and marketing custom spreadsheets can open avenues for generating additional income. Identifying a niche within the Etsy marketplace, such as designing tools for small businesses without existing CRMs, can help differentiate offerings. Researching successful sellers to analyze their best-performing products and client feedback provides insights into market demands and areas for improvement. This helps aspiring sellers adapt and optimize their products to meet the needs of potential customers more effectively.
Effective Techniques for Closing Sales Over the Phone
When negotiating deals over the phone, having a compelling offer is essential for success. A 'no-brainer grand slam offer' can mitigate shortcomings in conversational skills and influence clients to commit to a purchase. It's crucial to understand clients' underlying objections, which often manifest as generic reasons for hesitation, such as price concerns. By crafting an offer that highlights significant value, sales professionals can confidently address these objections and increase their closing rates.
Building and Managing a Business Without Heavy Financial Strain
Starting a business without the pressure of financial necessity is possible by emphasizing personal interests and community engagement rather than pure profitability. Exploring various hobbies and connecting with entrepreneurs can inspire new business ideas and rekindle motivation during challenging phases. Establishing partnerships with like-minded individuals can provide accountability and encouragement to persist in the face of difficulties. Ultimately, staying actively involved in industry discussions and experiences allows entrepreneurs to unlock innovative opportunities that genuinely excite them.
I'm back with another Q&A episode! This week, I answer your questions about scraping commercial real estate for leads, selling custom spreadsheets on Etsy, and how to close more deals over the phone. Plus, I share my thoughts on the best type of side hustle to start, whether you should choose e-commerce or a service business, and discuss my framework for starting, holding, and selling businesses. I'll also tackle the question of how to stay motivated when you're already well-off, and offer advice on bookkeeping for all of your new businesses.
Timestamps below. Enjoy! --- Watch this on YouTube instead here: tkopod.co/p-yt Ask me a question on or off the show here: http://tkopod.co/p-ask Learn more about me:http://tkopod.co/p-cjk Learn about my company: http://tkopod.co/p-cof Follow me on Twitter here: http://tkopod.co/p-x Free weekly business ideas newsletter:http://tkopod.co/p-nl Share this podcast:http://tkopod.co/p-all Scrape small business data:http://tkopod.co/p-os --- 00:00 Introduction to Business Ideas and Strategies 01:08 Scraping Commercial Real Estate for Grants 03:59 Selling Custom Spreadsheets on Etsy 11:06 Closing Sales Over the Phone 13:54 Choosing Between E-commerce and Service Businesses 15:48 Exploring Low-Cost Mattress Stores 19:04 Finding Motivation for New Business Ventures 22:50 Business Philosophy: Starting, Holding, and Selling 28:02 Bookkeeping and Accounting Essentials
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