Get Profitable HQ: Business Growth Strategies for Online Entrepreneurs

Hosted by Laura Smith

Business Entrepreneurship Management

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Latest episode

Sep 2024

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EN-US

About the show

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!

Listen to episodes

32 recent

September 17, 2024Episode 3121 min

An Important Announcement! What’s Next for GPHQ

Laura announces big changes for the podcast, including a temporary hiatus until February 2025. She opens up about her personal journey with chronic health issues and how it has tremendously impacted her business and life. She also announces plans of opening new coaching slots for six-figure business owners needing assistance with business growth (email Laura at hello@getprofitableHQ.com for more info). Be sure to stay connected through the Get Profitable HQ email list for updates and exclusive content during the podcast break!Key Topics:(01:45) Taking a break; future plans for the podcast and membership(03:30) New coaching opportunities; get help with summits, email list-building, products, and more(09:00) The reason for the break; Laura’s health journey(14:30) Emergency surgery; the recovery process; reshuffling life and priorities(19:20) The current status of Get Organized HQ; launching a new course(20:00) Trying to combine life and business as an entrepreneurYouTube Video: I Had Emergency Surgery & Health UpdateConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

August 6, 2024Episode 3027 min

How Much to Pay Yourself as a Business Owner

Laura dives into a listener's question about how to pay yourself as a business owner, as well as increasing that amount as the business grows. She discusses why she reinvested 100% of her profits in the early years to then eventually paying herself a salary and taking owner's draws. She also shares her own experiences and gives advice on separating business and personal finances, maintaining a conservative approach to reinvestment, and the gradual increase of her salary over the years. Tune in for an unfiltered, behind-the-scenes look at the financial decisions she’s made throughout her entrepreneurial journey! Plus, Laura touches on the book 'Profit First' and why she doesn't follow its advice to a tee.Key Topics:(02:00) Initial startup cost; reinvesting 100% of profits(04:40) The first business investments made(08:20) Transitioning to an S Corp and making salary decisions(13:35) Laura’s decision to pay off her home mortgage(16:10) Laura’s salary as a CEO; putting financial strategies in place(18:10) Following the Profit First model for financial management(26:40) The importance of paying yourself for your hard workListen to Episode 08: Top 5 Financial Mistakes Entrepreneurs MakeListen to Episode 09: Business Finances 101: Money Topics Every Entrepreneur Should UnderstandConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

July 30, 2024Episode 2926 min

Converting Freebie Seekers Into Paying Customers

Ready to turn those freebie seekers into loyal buyers? Laura gives strategies for getting those non-buyers excited about what you have to offer! She talks about how to nail your launches and create a sense of urgency, really get to know your audience and understand what they want, and play around with your pricing to get those sales numbers climbing. There’s no doubt that getting freebie seekers to actually buy can be a daunting task. But, with the right strategies and mindset, it is entirely possible to turn them into not just followers, but happy, paying customers! Key Topics:(02:25) Analyzing your email list(05:05) The value of non-buyers(08:05) Strategies for persuading people to buy(12:55) Effective advertising techniques(16:50) Creating urgency and motivation(19:10) Tips for successful launchesConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

July 23, 2024Episode 2825 min

How to Take Breaks from Your Business

Ever find it hard to really take time off as a business owner? How much time off should you really be taking? And how do you make that happen? There’s no doubt that taking a break from your business can be hard when you’re the one responsible for the whole thing! In this episode, Laura shares tips on how to take breaks and manage time off effectively. She talks about setting boundaries, the benefits of taking both short and long breaks, and the importance of listening to your own needs and those of your family. She also gives advice for managing work during busy seasons and the summer with kids home from school, advocating for planning and setting realistic expectations to maintain a healthy work-life balance.Key Topics:(01:10) How much time off should you take?(07:25) Reasons why rest is important(10:00) Tips for taking a break from your business; setting boundaries(15:20) Taking time off as a mom - maternity leave and summertime(19:00) Planning for slower, less profitable months in business(22:20) How Laura plans her summer with kids home from schoolListen to Episode 16: Achieving a Better Work-Life BalanceConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

July 16, 2024Episode 2726 min

The Tool Trap: Avoid This Common Mistake as an Entrepreneur

Overthinking which tools to use in your business? You may be surprised to hear that tools actually aren't the end-all be-all for your success. This episode tackles a common pitfall many entrepreneurs face: the obsession with choosing the right tools for their business. Just like a good camera doesn't guarantee a good photo, fancy software won't ensure business success! Instead, put the emphasis on creating a strong offer and effective marketing copy. From understanding your customer’s pain points to creating a landing page that converts, this episode covers what to focus on BEFORE fine-tuning tools and software choices.Key Topics:(02:50) What really matters when choosing business tools(06:00) Developing your product and sales strategy(09:15) Designing your sales page(12:15) Pre-launch strategies(15:00) Choosing the right software for your business(20:30) Which checkout software is bestConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

July 9, 2024Episode 2630 min

How to Have a Successful Virtual Summit

In the last episode, Laura discussed reasons why you should host a virtual summit. This week, she is sharing 12 tips for actually making your virtual summit a success. Learn why removing speaker requirements and prioritizing a win-win-win approach for customers, speakers, and hosts can elevate your summit game. Plus, Laura lets you in on the superpowers of pre-recorded sessions, why strategic live events can make a big difference, and how to make everything super accessible by saying goodbye to login barriers. By implementing these 12 tips for success, you can drive engagement, deliver a memorable experience for attendees and speakers alike, and ultimately take your event from good to great!Key Topics:(01:25) Key considerations for a successful virtual summit(02:10) Controversial speaker requirements(07:30) Creating a win-win-win situation(14:00) Long-term summit strategy(15:40) Focusing on quality content(16:50) Pre-recorded vs. live sessions(19:45) Maximizing sales and engagement(22:35) Avoiding common pitfalls(25:20) Streamlining access and user experienceListen to Episode 25: Why You Should (or Shouldn't) Host a Virtual SummitConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

July 2, 2024Episode 2524 min

Why You Should (or Shouldn't) Host a Virtual Summit

Laura dives into the nitty-gritty of hosting virtual summits. She explains what they are and how they work, bringing together online experts to speak for free while offering attendees a paid option for lifetime access with awesome bonuses. Laura shares her personal experiences, including the amazing growth and success of her own summits, and gives tips for making yours a hit. She keeps it real about the hard work involved and suggests creative alternatives like smaller, audio-only summits. Whether you're doubtful or all-in, this episode offers insights to help you figure out if a virtual summit is the right choice for your business.Key Topics:(01:30) What is a virtual summit?(03:55) Laura’s experience with summits; how they have transformed her business(06:00) The benefits of hosting a virtual summit(11:50) Challenges that may arise; reasons to not do a summit(15:05) Scaling down: smaller summit ideasConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

June 25, 2024Episode 2418 min

Breakdown of a Successful Product Launch

Hear Laura’s strategies that led to the recent successful launch of the Organized Life Toolkit. After facing challenges in previous launches, this one finally took off - all it took were a few smart tweaks! By implementing things like extending the pre-launch runway, focusing on content creation, and refining the marketing angle, Laura was able to meet revenue goals and engage with her audience effectively. If you’re in need of new ideas to help make your own launches more successful, you’re going to love this episode. Get ready to take notes!Key Topics:(00:50) Overcoming Launch Failures(03:15) Details of the Organized Life Toolkit(04:25) Sales Strategy and Pricing(06:00) Effective Pre-Launch Strategies and Marketing Angles(12:30) Social Media and Ads Performance(17:00) Future launch plansConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

June 18, 2024Episode 2316 min

Can You Grow an Audience WITHOUT Social Media?

“I don’t love social media - Do I have to do it in order to have a successful business?”Get ready to solve the mystery behind growing an audience without being totally glued to social media! Learn why selling your products and nurturing your followers are crucial, along with exploring various strategies for attracting and engaging with an audience. YouTube, search engine optimization (SEO), email marketing, paid ads, and collaborations with other content creators are just a few of the many strategies out there! Whether you’re tempted to try them all or just avoid them altogether, tune in for Laura’s advice on choosing the best option and then expanding your reach strategically.Key Topics:(01:30) Core elements of a thriving business(03:40) The best tool for audience growth(05:00) Laura’s struggles and strategies for navigating social media(09:50) Figuring out which option is best for you; organic vs paid traffic(14:00) Getting in front of other audiences(15:22) Choosing a platform and remaining consistentConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse

June 11, 2024Episode 2218 min

Top 6 Online Courses (Laura’s Favorites!)

With over ten years of entrepreneurship under her belt, Laura knows a thing or two about what to look for when investing in an online course, membership or mastermind! She has purchased many learning investments over the years, and in this episode she is sharing the top six that stand out as her favorites. Get details about each course, why they stand out as a favorite, and how to find the right course for you. From editing videos to mastering email marketing, tune in for the top 6 that have been game-changers for Laura’s business!What are your favorite business courses? Are you considering any of the ones mentioned? Curious whether or not they'll be ideal for your situation?Email Laura with any specific questions! hello@getprofitablehq.comKey Topics:(02:50) Mastering video editing skills in FInal Cut Pro(06:30) Nailing down your brand through copywriting(07:45) Step by step playbook for starting a digital shop(09:00) Finding a supportive membership community(11:10) Understanding email marketing; Convert Kit(15:00) An all-in-one program for community, mentorship, education, and eventsListen to Episode 21: How to Organize and Present Multiple Offers and Products to Your AudienceConnect with Laura:Getprofitablehq.comGetprofitablehq.com/the-profit-posse