Personal Finance Education - New Venture
Discussion
Dear All,
I have an idea, potential large Client base, and method to execute a programme offering an alternative education into personal finance. Whilst the idea of Financial Independance, Retiring Early (FIRE) is well documented and gaining traction across the internet, I want to offer a service/education coming at it from a slightly different angle.
I have a head full of thoughts, but struggling to unravel somewhat. I want to sell a package, rather than my time as such. Initlally this would be offered to local customers, millennials typically, whereby the service would be executed in the home office, before then providing an ongoing mentoring period (possibly remotely).
I would rely on generic social media methods to put the word out. Initial thoughts would be to put 5 Clients through the process (discounted rate) to hone the service and gain testimonials.
Along side this, I plan on blogging my journey to financial freedom myself- I am a low bracket tax payer, 31 years old, and want to show how (hopefully) it can be done.
I think the idea has legs, however welcome the forums thoughts- rip it to pieces.
Please forgive any typo’s as this has been written on the phone.
Dan
I have an idea, potential large Client base, and method to execute a programme offering an alternative education into personal finance. Whilst the idea of Financial Independance, Retiring Early (FIRE) is well documented and gaining traction across the internet, I want to offer a service/education coming at it from a slightly different angle.
I have a head full of thoughts, but struggling to unravel somewhat. I want to sell a package, rather than my time as such. Initlally this would be offered to local customers, millennials typically, whereby the service would be executed in the home office, before then providing an ongoing mentoring period (possibly remotely).
I would rely on generic social media methods to put the word out. Initial thoughts would be to put 5 Clients through the process (discounted rate) to hone the service and gain testimonials.
Along side this, I plan on blogging my journey to financial freedom myself- I am a low bracket tax payer, 31 years old, and want to show how (hopefully) it can be done.
I think the idea has legs, however welcome the forums thoughts- rip it to pieces.
Please forgive any typo’s as this has been written on the phone.
Dan
Sounds a reasonable idea.
The one barrier I can foresee is convincing your target market of the benefit to levels that would stimulate them to pay for it. I don't think I'm particularly unique in that I didn't really take any long terms financial planning seriously until I was in my late 30s, arguably 40s.
There are several providers offering similar, many pop up on my Social Media from time to time but all seem to be pegged to investment in 'their' investment portfolios so something more independent might be good.
The one barrier I can foresee is convincing your target market of the benefit to levels that would stimulate them to pay for it. I don't think I'm particularly unique in that I didn't really take any long terms financial planning seriously until I was in my late 30s, arguably 40s.
There are several providers offering similar, many pop up on my Social Media from time to time but all seem to be pegged to investment in 'their' investment portfolios so something more independent might be good.
StevieBee said:
Sounds a reasonable idea.
The one barrier I can foresee is convincing your target market of the benefit to levels that would stimulate them to pay for it. I don't think I'm particularly unique in that I didn't really take any long terms financial planning seriously until I was in my late 30s, arguably 40s.
There are several providers offering similar, many pop up on my Social Media from time to time but all seem to be pegged to investment in 'their' investment portfolios so something more independent might be good.
Thanks for your thoughts Stevie. I'm going to move the thread to 'Finances' in the hope of further responses.The one barrier I can foresee is convincing your target market of the benefit to levels that would stimulate them to pay for it. I don't think I'm particularly unique in that I didn't really take any long terms financial planning seriously until I was in my late 30s, arguably 40s.
There are several providers offering similar, many pop up on my Social Media from time to time but all seem to be pegged to investment in 'their' investment portfolios so something more independent might be good.
Mod's- please delete as I have moved to 'Finances'. Thanks!
Edited by dan_87 on Thursday 20th December 12:20
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