Welcome to Part 2 of a highly requested topic - creating physical products! In this episode, Laura shares her experience with the manufacturing and fulfillment process of creating physical products, specifically day-planners. She discusses the decision to manufacture overseas, the challenges of finding a factory in the US, and the process of working with a factory in China. She also talks about packaging and the overall customer experience, as well as the pros and cons of fulfilling orders yourself versus using a fulfillment center. If you're thinking about adding physical products to your business, this episode is full of advice that'll hopefully make the process a little smoother!Key Topics:(01:30) Deciding between domestic and overseas production(08:00) Elevating the unboxing experience(11:35) The expense of a product sample(14:00) The anxiety of international wire transfers(17:10) International shipping and customs challenges(20:45) Choosing between self-fulfillment and fulfillment centers(24:25) Logistical challenges of home delivery for large shipments(27:20) Listening to what your audience wantsConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Thinking about adding physical products to your business? Don't be intimidated! In this episode, Laura shares all the fun ways you can sell physical products, whether on their own or to enhance digital products with a physical component. She gets real about the pros and cons of venturing into selling physical products and emphasizes the importance of considering scalability and upfront costs. Laura also shares her own experience of selling handmade goods on Etsy and the strategic decision to transition to mass-produced products. From standing out in the market to attracting new customers, there's so much to gain from incorporating physical products into your business! Key Topics:(02:40) Ways you can use physical products in your business(04:15) Pros and cons of selling physical products(10:45) Laura’s journey of launching and selling products(13:10) Evolving from handmade goods to digital products(15:15) Finding a need in the market and creating products for it(16:40) Sourcing a planner; hiring her brother to assist with the jobConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Time management is a common challenge for entrepreneurs, but it's not impossible to find a balance! In this episode, Laura spills the beans on her top tricks for keeping up with everything (her business, personal life, and managing a chronic illness) without missing a beat. Learn about the importance of operating in your zone of genius, protecting sacred time for deep work, and setting realistic expectations. By getting these tactics into play, Laura believes you can dial up your productivity and feel pretty great about getting your work done AND having a life!Key Topics:(01:05) Searching for the perfect time management strategy(03:00) Being able to simultaneously take care of children and working(07:30) Working two hours a day while making millions of dollars(09:40) Setting realistic expectations for building a successful business(11:25) Mindset; the correlation between discipline and happiness(16:25) Operating in your zone of genius(21:30) Carving out sacred time for deep work(26:00) Prioritizing should be painful(27:20) Feeling satisfied with what you can accomplish and avoiding burnoutConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Running a multi seven-figure business may seem glamorous from the outside, but behind the scenes, entrepreneurs often face moments of doubt, insecurity, and the overwhelming desire to shut it all down. In this episode, Laura shares a vulnerable experience that she recently went through, triggering feelings of self-doubt and imposter syndrome. As entrepreneurs, our minds can create stories and interpretations that may not be accurate, leading to a spiral of negative thoughts and potentially the urge to quit your business. Laura offers insights into how she manages these moments and provides strategies for staying the course and learning from the experience.Key Topics:(01:50) Feeling the desire to quit(04:10) Differentiating between acute emotions and long-term dissatisfaction(05:30) Overthinking and self-doubt triggered by an employee resignation(10:35) Reflecting on past instances of feeling inadequate(12:20) Implementing systems to prevent mistakes in the future(16:05) Seeking support from trusted friends(18:00) Recognizing personal insecurities and triggers(21:10) Using grounding practices and identifying the heart of the issueConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Have you ever read a book that changed your life? For Laura, one book (surprisingly, not business related!) gave her the courage to start her own business. In this episode, she shares how she overcame her shyness and fear to pursue her entrepreneurial dreams. Learn about the concept of deliberate practice and putting in the hours to become an expert in your chosen field. Also, get insight into doing “deep work” and how it can lead to greater productivity and satisfaction. If you’re looking for inspiration to start your own business, don’t miss this episode! Find out how one surprising book changed everything for Laura, and could possibly do the same for you!Key Topics:(01:40) The book that inspired the courage to start(04:40) Deliberate practice and 10,000 hours(07:35) Gaining confidence through the belief in hard work(10:15) Getting immediate feedback to make changes and adjust(13:00) Seeking feedback from coaches and peers(16:40) The satisfaction and results of deep work(20:35) Setting aside time to “get in the zone”Connect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Behind every successful business, there are sure to be some failures and flops. Get a behind-the-scenes look at Laura’s most recent product launch, which she deems her biggest failure in a long time. Despite setting a goal of $60,000 in revenue, the launch only generated $22,864. This episode uncovers the details of the launch, including the product, pricing, and previous year's results, as well as possible reasons for the underperformance, such as the economy, selling too much, and product fatigue. Laura also dives into the data to analyze buyer behavior and shares her plans for future launches. Click play to learn how you can turn a launch disappointment into plans for business growth and improvement!Get access to the episode VIDEO inside The Profit Posse!Getprofitablehq.com/the-profit-posseKey Topics:(02:30) Breakdown of The Paperless System (06:10) Comparison of last year's launch results(09:50) Reasons for the failed launch(16:00) Email open rates and subscriber’s buying behavior(20:15) Launch data and insights(24:45) Plans to offer new products for customers to buyListen to Episode 07: The Unfiltered Breakdown Of A Recent Sales LaunchConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Curious whether you will have a better ROI selling high ticket vs low ticket items? The good news is that either option has the potential to make a lot of profit! It’s up to you to decide which is better for your business. With a lot of experience generating multi-seven figures selling low ticket items in her business, Laura challenges the notion that in order to make a lot of money, you need to sell high ticket items. Learn the differences between the two, including the need to create more products for low ticket sales, the use of high touch marketing strategies for high ticket sales, and the importance of optimizing funnels with order bumps and upsells for low ticket sales. If you’re under the impression that high ticket items are the only way to make big money, think again! Tune in and learn how both options can be successful, and find out which one is ideal for your business!Key Topics:(00:53) Differences between selling high ticket and low ticket items(04:08) High touch marketing strategies for high ticket sellers vs strategies for low ticket sellers(05:21) Email list strategies; Spending money in pre-launch phase vs going straight for the sale(08:26) Number crunching and data analysis(09:45) Importance of optimizing and improving low-ticket products(10:37) How order bumps and upsells can significantly increase revenueConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Feeling burned out in your business? You’re not alone! The constant pressure to succeed, the never-ending work hours, and the blending of personal and business life can all contribute to feelings of exhaustion and overwhelm. In this episode, Laura shares her thoughts on the increasing number of people who have been quitting their businesses. She also provides strategies to avoid burnout and maintain a positive work-life balance, including setting boundaries, managing stress, working in your zone of genius, and more! If you’re feeling mentally and emotionally exhausted in your business, hit play to learn burnout remedies to support your business and most importantly, your well-being!Key Topics:(01:51) Understanding and overcoming entrepreneurship burnout(03:14) Feeling the constant need to work(06:05) Blurring the line between personal and business life; how to set boundaries (08:16) Learning not to internalize every piece of feedback(12:17) Dealing with periods of decline in business(15:38) Struggling with the need to feel successful(20:24) Avoiding distractions to complete deep work; finding your “zone of genius”Connect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Are you maximizing the potential of your email list? Tune in to learn how to build a healthy and engaged list that generates the results you’re looking for! In this episode, Laura reveals her secret to getting over 6,000 replies to one email (yes, ONE!). She shares her personal success stories, including generating $24,388 in revenue from a flash sale and selling $92,000 worth of products through email marketing. Learn how an engaged email list can lead to better results and increased revenue, the factors that affect email deliverability, and simple strategies for improving open rates and click-through rates. If you’re eager to create a top-notch email list that engages your audience and boosts business growth, this is the episode for you!Key Topics:(02:57) The power of an email list(05:30) Misconceptions about email lists; fixating on subscribers(08:06) What matters the most with email lists; click rate and frequency(14:51) How to increase engagement; consistency, unique content, cultivating opportunity for response(18:50) Practical strategies for email engagement; personalization and subject lines(23:34) How to improve your emails; share things you love, adding video, and motivational contentConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

In the previous episode of Get Profitable HQ, Laura discussed the top five financial mistakes that every entrepreneur makes. If you’ve made one or more of those mistakes in your business, don’t sweat it! You’re not alone! In this episode, Laura breaks down the financial basics that every online business owner needs to understand. Learn the top 3 financial terms you should be familiar with, as well as everything there is to know about filing taxes, including the benefits of filing your business as an S-Corp. If you’re ready to stop saying, “I’m not good at numbers,” then tune into this episode to achieve clarity and start feeling more financially confident running your business!Key Topics:(01:23) Three important terms to know; revenue, expenses & profit(05:52) Paying taxes on profit(06:45) Taxes we pay in the U.S.(09:06) Paying local and state taxes(10:26) Standard deduction vs. itemization; when and which one to use(14:22) Explaining the graduated income tax system(18:17) The effective tax rate; taking all your taxes into account(18:46) Operating your business as a S-CorpConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Are you an online business entrepreneur looking to get a better handle on your finances? Laura breaks down the five significant financial mistakes that entrepreneurs often make. From ignoring numbers to misunderstandings about tax deductions, this episode covers it all! Learn practical solutions to avoid these pitfalls, the importance of understanding the finance and tax system, and the steps you can take to optimize your business growth. Click play to avoid these common mistakes and feel more financially empowered in your business journey!Key Topics:(01:47) Ignoring your financial numbers; being aware and making informed decisions(05:12) Avoiding financial responsibilities; learning and understanding basic financial concepts(09:47) Tax write-offs; maximizing profit and avoiding unnecessary expenses(12:53) Being unprepared for tax obligations; budgeting and planning for taxes(14:39) Mixing personal and business finances; keeping separate accounts and tracking business expenses accuratelyConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Curious about how different sales strategies can impact your business? Dive into the launch breakdown of the recent Fall Back in Love with Your Home sale and learn strategies that could apply to your own business! Laura discusses the structure of the sale, the products that were on sale each day, and the results achieved. She also shares mistakes and lessons learned from the launch, including the importance of opt-in sales, the effectiveness of text marketing, and the impact of new products on sales. Hit play to gain valuable insights on ways to optimize your sales strategies and drive greater revenue and profit!Key Topics:(01:35) Overview of the sale structure and strategy(02:45) Comparison of sales numbers from previous years(04:35) Opt-in only vs. sending to the entire list(05:50) Alternating between expensive and cheaper products in the sale(10:10) Lessons learned and improvements for future sales(14:20) Ugly sales pages can still be effective(20:00) Challenges with integrating email and text services(22:10) Frequency of sending texts and the cost associated with it(24:30) Lack of success with social media promotion(26:35) Hopes for future launches and profitabilityConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Are you struggling with setbacks in your business journey? Navigating the rollercoaster of entrepreneurship often involves many failures. But what if these failures could be reframed as invaluable lessons, propelling you closer to success? In this episode, Laura gets real and shares her three biggest failures from the past decade in business. Learn how risk-taking plays a key role in business growth, the importance of aligning products/services with target audience needs, and strategies used to refine the hiring process for building an effective team. Whether you like it or not, failure is an inevitable part of the entrepreneurial journey. Tune in now to transform those failures into stepping stones toward success!Key Topics:(01:00) Not fearing failure and trying new things(03:15) Risk tolerance and over-analyzing situations(07:20) Joint decluttering challenge with a poor product fit(11:10) Using lessons learned to create a successful virtual summit(12:10) Membership sales strategy failure(20:20) Overestimating demand and ignoring the current situation(28:00) Hiring mistakes; lack of experience in reading people during interviews(33:45) Learning from past hiring mistakes and improving over time(36:50) Understanding what can and cannot be outsourced in a business(38:00) Learning and improving leadership skillsConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Have you ever taken a course that didn't live up to the hype? In this episode, Laura shares the factors that determine whether a course or learning experience is actually worth your investment. She emphasizes that the outcome of a course may not directly correlate with its quality, as even a mediocre course can provide valuable insights and lead to significant results. She also discusses the importance of taking action and implementing what is learned, as well as the significance of timing and fit when choosing the right course for you. Tune in now to learn what makes an online learning experience truly good and how to ensure you get the most out of your investment!Key Topics:(03:00) Focusing on the outcome rather than the quality of the course(04:00) Laura’s personal example of a coaching program that wasn't great but had a significant impact(09:05) The first course in a specific area tends to have the most impact(11:50) The marketing hype around courses and secrets to success(14:45) Importance of practicing and implementing what is learned(16:00) Considerations when choosing a courseConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

Want to know the secret to success in business? Discover the number one quality every entrepreneur needs to succeed in business - GRIT! Laura shares what grit actually means, its importance in entrepreneurship, and how it can be applied in real-life situations. By embodying graciousness, reliability, inventiveness, and tirelessness, entrepreneurs can overcome challenges, adapt to change, and achieve their goals. Hit play and learn how to cultivate this essential quality and set yourself apart from the rest!Key Topics:(02:20) Definition of grit(04:00) Being gracious to everyone and giving others the benefit of the doubt(06:25) The importance of personal integrity and keeping promises to oneself(08:31) Strategies for taking action and avoiding mental clutter(16:26) Embracing growth, change, and adapting to the online business world(18:50) Tireless determination and willingness to go above and beyond(23:00) Working hard and being focused, regardless of the amount of work(24:05) The joy of seeing your hard work come togetherConnect with Laura:Getprofitablehq.comgetprofitablehq.com/the-profit-posse

Ready to unlock the secrets of strategic hiring for your business growth? Join Laura as she unravels the entrepreneur's dilemma: When and how to bring the right people on board. Discover the financial considerations, the power of teamwork, and the mindset shift needed to bring on team members and scale your business. Laura shares her personal experiences of working with contractors and full-time employees, as well as provides practical strategies for successful hiring. Don't miss out on the insights that will help you determine if now is actually the right time to hire for your business – hit play now!Subscribe to the email list and share your hiring experiences with Laura!Getprofitablehq.comJoin The Profit Posse! getprofitablehq.com/the-profit-posseKey Topics:(00:30) Milestones in hiring: Contractors or employees(01:10) Why you should have a plan for your business before hiring(04:00) Starting small with clear and objective projects(07:20) Importance of clear processes and procedures for hiring(09:35) Hiring experts for tasks you don't know how to do(11:50) Considering the financial aspects of hiring(13:15) Benefits of having help in your business(17:00) Looking at numbers and knowing when you can afford to hire(22:45) Laura’s first time hiring an employee(27:10) Having truth tellers and being honest with yourselfConnect with Laura:Getprofitablehq.com

Ever wondered why consistency is the key to success in business? Tune in as Laura uncovers her top lessons learned from 11 years of entrepreneurship. Spoiler alert - they’re probably not what you expect! Discover the power of consistency, the endless pursuit of growth, the surprising truth about being the best, and MUCH more! By applying these lessons to your own business, you can set yourself up for long-term success and growth. Remember that success is a journey, and each lesson learned brings you one step closer to achieving your goals. If you’re ready to unlock the secrets to growing a thriving business, hit play and gain insights from over a decade of entrepreneurial experience. For exclusive behind-the-scenes content, check out Laura’s 2024 State Of The Union To The Team, available in The Profit Posse membership. Join now and elevate your business game!Key Topics:(01:30) The importance of consistency(06:00) The never-ending pursuit of success(08:40) Benefits and drawbacks of there being no ceiling in business(10:40) Tips for dealing with the pressure and comparison(12:20) Having a clear plan and endpoint for your business(15:10) It's not about being the best, but about being known and trying(17:50) Embracing your zone of genius(20:00) Failure is not the end, but the beginning of great things(22:05) Taking risks and evaluating best, worst, and likely case scenarios(25:50) Intense focus and constant pruning for successConnect with Laura:getprofitablehq.com

Hear the journey of a shy and risk-averse individual who transformed into a successful entrepreneur, growing her business from a small blog to a thriving online platform! Laura Smith, the host of Get Profitable HQ, shares her journey of overcoming her fears and building a business that not only aligned with her passion for home organization but also became a significant player in the online business world. Discover the challenges she faced, the strategies that worked for her, and the surprising turns her entrepreneurial journey took.You'll learn about the power of focusing on your email list, the impact of low-ticket products, the journey of starting a virtual summit, and the importance of building a supportive team. Whether you're a seasoned entrepreneur or just starting, this podcast is for you. Ready to be inspired and gain actionable insights for your own business journey? Click play and discover the transformative story of how one woman turned her passion into a successful online business!Join The Profit Posse! getprofitablehq.com/the-profit-posseKey Topics:(00:10) Laura’s background and her journey to starting Get Organized HQ(01:40) Overcoming shyness and fear of starting a business(05:50) The year of no fear(08:20) Quitting her job and taking the leap into entrepreneurship(10:40) Focusing on growing an email list and selling products through email marketing(19:20) Challenges and benefits of running a membership(21:05) Starting small and scaling up with a summit(22:50) Leadership and growing a team(24:25) Selling low ticket products(28:50) Importance of analyzing numbers in your businessConnect with Laura:getprofitablehq.com

Ever wondered how to turn a passion into a thriving seven-figure business? Laura Smith, host of Get Profitable HQ, spills the secrets that helped her overcome shyness and build a successful online business for over a decade. Running a business while juggling family, travel, and a chronic illness is no walk in the park. She gets real about the struggles entrepreneurs face and shares strategies to help you balance life and business. Discover the behind-the-scenes truths that will resonate with every entrepreneur trying to make it work! *Feel a sense of camaraderie as Laura assures you that everyone faces challenges in growing their business. You're not alone, and she's here to prove it! *Demystify the world of business numbers. Feel empowered to befriend and understand your business metrics, laying the foundation for success. *Gain practical insights into growing your email list, boosting conversion rates, and navigating the intricacies of online tools and courses. Laura breaks down tangible steps you can implement right away. If you’re ready to transform your business and life, hit play now. Don't miss out on the community, knowledge, and REAL talk – your journey to business success starts with this podcast!getprofitablehq.com