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6 Networking tips for entrepreneurs to build profitable relationships

ACT

To build profitable business relationships and grow your network, share your knowledge with people, whether you meet them in person or online. But to turn these positive interactions into profitable business relationships, you must follow up and stay connected. You can do this in multiple ways. But showing up at meetups isn’t enough.

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3 Lessons from A Founder of 2 Million-Dollar Companies

Hubspot Sales

But Beatriz Acevedo did it twice, and in wildly different sectors – digital media and fintech. She co-founded: Mitú : A media network that specializes in content popular among young Latinos. With Mitú’s success, Beatriz realized that Latino youths respond well to pop culture, are active on social media, and need to feel belonged.

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AARRR Growth Funnel

Flevy

The term Growth Hacking was first coined by Sean Ellis—a startup advisor, angel investor, and entrepreneur—in 2010 to think beyond traditional Marketing and add a methodical, scientific approach to it. Growth Hacking is neither “scoring some quick wins to kick-start growth” nor “breaking into something one should not.”

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3 CRM Models and How They Improve Customer Profitability

Insightly

CRM Models: How They Can Boost Customer Profitability. With carefully segmented customers and a method for appealing to each group, you can attract and retain more lifelong customers and increase profits. That’s because adding value and consistently delighting customers increases customer retention and therefore profit.

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The 5 Stages of Entrepreneurship

Hubspot Sales

However, turning your idea into a profitable business is no simple task. The goal here is to identify and validate a profitable business idea. You can contact your network via email, social media, and many online communities. A written business plan is even more essential if you’re seeking investors in your company.

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The Ultimate Guide to Startups

Hubspot Sales

Getting funded by outside investors doesn’t necessarily make it easier, either … considering that 75% of funded startups fail. If done right, working with investors can give you more than money — it can also provide connections, advice, and mentorship. Fun fact: HubSpot’s Dharmesh Shah is an angel investor in over 60 startups.

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Silent Partners, Explained: What to Know About Finding a Silent Partner for Your Business

Hubspot Sales

In return for their initial investment, silent partners often receive stock in the company as well as a percentage of revenue or profit. In most cases, the silent partner will earn a smaller share of the profits than the active partners. Next, look to angel investors who typically fund projects during the early development stages.

Investors 103