Entrepreneurs-Journey.com

In my business timeline, which is seriously due for an update to account for the last year or two, you may recall I talked about the early days with my start-up business BetterEdit. If you check out the Way Back Machine archives for BetterEdit.com you will see the different evolutions of the site, including a period where BetterEdit was more than just an academic proofreading business - I offered book/manuscript proofreading, business editing, language translation and transcribing services.

I was focused on cashflow back then and thought the best way to generate cash was offer as many services as I could. As each job came through I’d search my network of resources for an appropriate freelancer to do the work. Freelancers would provide me with quotes, I’d choose the best, slap on a margin to make a profit and quote that back to the client. It was a time consuming process but I made it work and closed most leads and made some of my first business profits using that model. At one point I had an ongoing business editing client feeding about $2000 worth of work to me each month, but it was always difficult to juggle finding the right people, making sure the jobs were done on time and realizing a profit from the process.

Needless to say things changed, and if you read through the archives of this blog, in particular this article - Pricing Points, Perceived Value And How To Make More Money Per Sale, you will see how my business strategy improved as I learnt more about business from guys like Rich Schefren, Jay Abraham, Perry Marshall and others. The changes flowed through to my business model as well, to the point where it is today - a much tighter focused business that generates a higher profit margin per job, provides a better quality service and I don’t have to run around looking for freelancers for each project like I used to.

Matching Vendors With Clients - VendorSeeK.com

I relate my story because just today I received a review request from VendorSeek and it brought back memories of my original business model. Here is my review.

VendorSeek is a business to business services clearing house. Whenever you need a professional service you can go to VendorSeek.com and submit a form for quotes. VendorSeek solicits it’s network of verified vendors, who reply with quotes to complete the project, you just choose which one, if any, to accept.

The VendorSeek website explains the benefits like this:

Read the rest of this entry >>

[ Add Your Comment | 7 Comments ]