Changing Customers unlocked his $1M Business! (Business Coaching with Mike Andes)

8 Dec 2024 · 49 min
49:29

A coaching session where Mike Andes advises Obi (founder of a chauffeuring business) on growing profitability and scaling. Key recommendations: shift from ads-driven B2C to B2B by targeting event planners and middlemen; integrate Stripe with an email/text platform (Mailchimp) to import ~1,000+ contacts and run event-driven campaigns and segmentation to increase lifetime value; operational fixes include clarifying driver pay splits (industry ~20% or guaranteed minimums), improving dispatch/answering systems (voicemail scripting, answering service, virtual assistant), and packaging services (event bundles, SEO-focused website pages). Evidence: Obi reports spending ~$3,000 to bring in ~$30,000 and average ride tickets of $600–$800; Obi has ~89–98 Google reviews and shows Stripe/Kymark reports (June ~$48,000).

Questions this video answers

He said: If I spend about $3,000, I'm bringing in $30,000.

Typical is 20% (e.g., on $100 fare driver gets $20).

He guarantees drivers a minimum of two hours for one-ways (e.g., $40 on a $140 trip).

He reported about 89 (also referenced 90–98+ reviews).

Approximately $48,000 for June (reported in the transcript).

Chapters

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