Eric Siu
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah.
So the original, I mean, it's like, it's like a typical marketing agency where people will come to us looking for SEO help or paid advertising help.
And, you know, just to be frank, I was, I took over the business around two years ago.
So I'm not the original founder.
It was a struggling business.
And, you know, I really started to figure out, started to look at things and say, wow, I, there's certain parts of the business that I just don't like.
So I really want to talk about how, you know, I was able to stop doing what, you know, I'm not good at and really started to focus on what we are good at.
Um, and in this, in this scenario, you know, we still get a lot of great leads and, you know, we, we've kind of started going in a direction of becoming a referral agency where we're giving business to other agencies and we're collecting a recurring income.
So that's been continuing to grow in the last eight months.
And then the, the monthly recurring revenue on that so far is a $30,000 a month from zero, um, eight months ago.
Yeah.
So I interesting story.
I was brought on to help help the agency.
I was given a 10 percent stake.
And then down the road, the original founder decided he didn't want to do agency anymore.
He wanted to go do something else.
There were a couple of other partners in the business.
But, you know, we worked out a deal where at the end of the day, out of pocket, out of my own pocket, I paid two dollars for the company.
Yeah.
So the way it was structured, so, you know, we paid out, you know, the buyout, you know, the buyout was actually about 150K, but that was paid out by the company's, you know, revenue.