Quote:
Originally Posted by Sly
The online adult industry and the online industry in general is changing and shaking so often... I think a traditional "five-year plan" would be really difficult to stick to. But I do think that you can make a fairly loose five-year plan, stick to it, and achieve those goals. You just need to be willing to change gears every now and then or try new things, drop old things, etc.
This business is not for the old folks that are set in stone... that is for sure. You need to jump when the rope hits your feet.
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Agreed. My 5 years plan is more for off line assets.
My 1-3 year plan is more online based because it is so easy to make money. I had to break down and take Jim Gunn's advise to train my own people. I am in SW MI so there is not a lot of online people available for what I need. ARS is on the other side of town, but they are an exception.
I needed some online skill sets, and basically am now giving a few part timers crash courses with some of my other deals. They will eventually get to the point where they will be more of an asset. As they learn a new skill, I have them actually type out a step by step for what to do. That way I have it for the next person.
I am finding diversity is key, and the more services you can offer, the better off to keep money rolling in. For me, instead of just offering content. You can offer other services making it more of a value to the buyer.
The way my business is structured, I keep the margins high and costs low so it remains very profitable, but also very flexible for me to move to other things as the industry changes.
Having that flexibility is key.