WANT TO WORK FOR YOURSELF? BETTER FIGURE OUT HOW YOUR BUSINESS CAN MAKE MONEY!
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- čas přidán 29. 12. 2021
- For a while now I've been wanting to make videos about the business side of things. I know a fair amount of viewers either own small businesses or are thinking of starting one. So today I thought I'd kick it off and tell you six different revenue streams I've incorporated to my business over the years, in hopes that they may apply to you and your business.
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**I choose to sell some products through 3rd parties instead of stocking items myself. Know that I will receive a commission if you choose to purchase through certain links. Thank you very much for your support!
This video is for entertainment purposes only. Good Works Tractors (Good Works Lawn & Power, LLC) cannot be held responsible for content found in any video. Always reference your owners manuals, use extreme caution, and proceed at your own risk.
I showed my wife this video and we both agree the most important thing you would not mention and the #1 reason for your success is your a nice humble guy That's why some people make it and others can't know matter what job they try. Good job & best wishes for 2022.
Very true.
Good morning Courtney. I give you lots of respect- starting and building your own business is a very difficult endeavour and most don't make it. Congrats on your success and thanks for sharing some of that journey with us. Lots of good advice in there, for folks to think about. Have a Happy New Year and lots of success for the 2022!
I appreciate it GP! I've had plenty of failures along the way. I just don't know when to quit, haha! Congratulations right back at you! Love watching your videos. Happy New Year!
Yes! Do more! I am a young 57 yr. old in an 18 yr. self employed handyman business and trying to figure out the mechanics of making videos in order to power my way to a better retirement. Need editing software, computors too small get a monster pc. Go Pro is miserable, basically a cube that doesn't do what you want when you want. Got another camera. Add a long list of other obstacles. Hard to believe it has to be this painful. I agree with drtcurt that your character is much to do with the popularity. I feel that direct honesty is still a value people recognize and appreciate. Again with your business trial and tribulation descriptions it lets us know the struggle I am dealing with is the same pains others have had to work through but you don't hear it from people who are similar to me like you seem to be. I was a mechanic and am now a handyman, I fix things, I meet people in a very comfortable old school kind of way. I am no "techie" or modern day computor wizard. If nothing else it's an encouragement to see such similarities in myself to how you approached things and evolved.
Utube is the reason I purchased from you. You had 3 more customers from my suggestion to family and friends based on your customer service.
That's awesome and greatly appreciated!
I am a full time registered nurse. Informed an LLC and started a lawn business with the commercial equipment I already own; My goal is to eventually scale out of nursing as it has burned me out. My mind is open to the tractor world, just not sure what I can do. Thanks for the video
You have one of the most informative, accurate and easy to watch tractor channels on YT and I was shocked to hear you claim not to be a good speaker. I was in the military and now in the DOD as a civilian so I've not experienced the risks of being a business owner, but I've always appreciated those who hustle to create and grow a business. You are a great role model for those looking to be successful. “Opportunity is missed by most people because it is dressed in overalls and looks like work.” - Thomas A. Edison.
This is one of my favorite videos you have done so far! I love all of the other videos but this one was on a more personal level and shows a great deal about you as a person. Keep up the great work and have a good day!
Great video Courtney. Thank you. You forgot an exciting revenue stream…your own amazing attachments!
Great video! I never understood that whole thing about paying to advertise for someone else, especially sports teams. I remove dealership stickers and plates from my cars because they're not paying me to advertise for them. Also, one of the coolest business models to be in is where people pay you to take things, then other people pay you to take that same item from you, like tire recycling. You charge people to take old tires, grind them up, then sell the output for landscaping, playgrounds, whatever. Same for oil recycling. Lastly, the good thing about having a number of revenue streams is that if one goes down, is not being reliant one any single one of them. Lose one and you're still putting food on the table, and you just work to find something to replace it.
Courtney - this is my favorite content so far. At least until my tractor gets delivered. It's uncomfortable for a lot of people to discuss the business aspects of their content. It shows the trust you have in your audience, and I hope the transparency you've provided comes back to you through these revenue streams. It might help to look at merchandise as advertising/marketing potential. There are some really easy online methods, like Printful, that could make it a very low-time investment (or dare I say passive income stream).
Good deal, the coolest part of your revenues streams is they are self-supporting, each one seems to draw customers to the next one. Always like watching your videos Courtney. Happy New Year.
So proud of you Master C! Your story is very inspiring so continue telling it whenever you can! There is a famous quote our Marines say that really matches with what it takes to be successful in business: "We must therefore be prepared to cope-even better, to thrive-in an environment of chaos, uncertainty, constant change, and friction.". You have done that good sir.
I am so happy for your first employee also! Thank you Chris for coming aboard and all that you do for your brother and GWT!
Happy New Year to you both and best of success in 2022!
Courtney; keep up the great content........ You almost make it sound too easy.....For those of us who have been there, we know how incredibly hard it is to start and make a small business successful. I did it for 20 years and thankfully I was able to end it well. Endless hard work, sacrifices, good decision making and knowing how to work with, serve and manage people is just the start........ Good luck in 2022 and beyond. Thanks for all you do!!
Thank you sir. Yeah, I know a lot of you can relate. Lots of trial and error involved, risk, money, time, etc. But, that's the best way for me to figure out what works.
Thanks for sharing, Courtney. You’re definitely an ambitious guy and doing a great job. Looks like you made the right choice hiring your brother. Great job with the production. Happy new year!
Courtney,
Thank you for the insight! You have a great presentation style and when combined with your character (honest, transparent, adaptable, etc.) you are bound to continue growing your business.
I look forward to seeing your next projects!
Great video again Courtney. I for one are glad not only for you being in the business but the ever expanding equipment and accessories you sell directly or through the discount club. Add to it your insight and timely information is becoming a one stop destination for all things tractor. Have a great day and hope you Chris, family and co workers have a great holiday!. Tim
Thank you for such an informative video. I actually watched a few of your old videos a few weeks back and thought you had greatly improved. Great work!
Thanks for the advice for small business. It was nice of you to share your experience & knowledge with us. Happy New Year.
Courtney I just watched your video on done with selling tractors. I agree with your business decision to concentrate on attachments . You asked your subscribers to count how many attachments they have for there tractors not counting the equipment such as balers, disc mowers etc i confess that i have 21 different attachments that i could think of for my John Deere 4066R , John Deere 4120 and John Deere 5085M . A lot of the attachments were recommended by you and purchases with the GWT discount. Your sincere and honest recommendations for products i believe were and are a key factor to your success and i could not tell you the number of people I recommend your website and you Tube channel
Very good insight to the business side of things! It’s rare (to me) that people will share their experience and advice regarding starting/having a business.
TTWT has also been very gracious sharing business insights with viewers.
Y’all have a generous character to be sure! Thank you for sharing and hope next year is a great one!
Wow! With all the things you do I appreciate you for taking time to answer my questions! Keep up the good work !
Thanks Courtney, I really appreciate everything you do. I have learned so much from you. I look forward to 2022 for you.
Love your channel! I've learned so much from your videos before I bought my 1st tractor. You ROCK!
Good Works Tractors and Courtney are real. That is the appeal and the formula for success. Any potential information seeker, customer or just plain viewer can connect to the genuine, messaging and delivery. The business model is not about gain and profit, at any cost. The success is the reality.
Thanks for what - and all that you do.
Shawn
I appreciate that Shawn. Very kind of you to say, Happy New Year!
Thank you, Courtney for your videos, etc.. We purchased a detacher from you, and it works great! Happy New Year.
Great Video Courtney! I appreciate hearing the business aspect of things. Keep em coming!
Courtney, you are the classic American entrepreneur! I believe what separates you from the wanna bees is the fire in your belly and the ability to pick yourself up when you fail and start over again. And, or course, the willingness to risk it all. You deserve where you are! Thank you.
Thanks for the history and profile of your business. It is nice to learn about small business owners and since I have purchased from you before and will more than likely continue to makes some purchases it was nice to know how you got started. I enjoy supporting the small business owner when ever I can. Great product line and excellent online store.
People way under estimate how hard this is. Great job on your part! Always know what your costs are and how much you have to sell/service to make a profit. Good luck to all!
Great content, as always. Explaining your buiss revenue in one vid is very helpful. Sage, brother, thank you.
PS, That dealership fixed my JD2305 at their bigger dealership, seems to be 100%, and no additional charge. So far, so good, @ 10 days
Awesome video! Really helps us small business owners. These are the types of revenue streams I have been working towards. Thanks for the awesome content. New subscriber here!
No doubts, A good way of growing and saving your money is through investing . You don't need to have much before you can invest. "That little money you have now can make you millions if you invest it wisely". I want financial free until my 40's and I'm still in my 40's, bought my second tractor already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn't matter if you don't have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made
Nice one Jacob. Any investment tip?. I would love to know how you made it this far
@@lukehoward4294 Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Anna Kristine) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance.She is quite popular for her services so you might have heard of her.
She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I'll advise you do get a good Investment advisor for yourself
@@jacobpetterson3873 I value your recommendations.
It's challenging to find a trustworthy person. I could really use your investment advisor after seeing how much money you've made through investing. If you don't mind revealing her information, that is.
@@lukehoward4294 look her up on the internet with her full name below and leave her a message she's quite popular for her services as she was recently featured on cnn.
She can work with anyone irrespective of where their located
*Anna Kristine Services*
Very interesting topic. Thanks! The production quality of your videos is great, too!
Morning Courtney. I have learned a lot watching your videos. New tractor owner and appreciate all the how to and options available. Thanks.
Thanks brother for the information, I'm only 30 minutes east !!!! Keep the videos coming !!!!
Thanks for the inspiration to just get it done. Leading by example and willing to share what you have learned. Perfect.
Glad you enjoyed, Happy New Year!
Hey Courtney, Great videos, very informative and big source of help for guys like me trying to learn about tractors and making money
Good video. I've been watching your channel for a long time because of all the information you share. I like that it has evolved with more of the entertainment type things like your new land projects. Keep up the good work and thanks for sharing the tips.BTW I still go to your GWT site to check inventory on tractors, which is how i found your channel in the first place.
Thanks for sharing. Enjoy your straightforward information and honesty!
Excellent video, just like all of the other ones you do. With regards to hats, shirts, etc. Most people who buy tractor's, implements and other equipment feel proud of the product they buy and where they buy it. A hat, shirt etc. if gifted with their purchase or bought online as merchandise makes them feel good and also loyal. It's not the monetary value of the merch but rather the respect. And respect will go miles for you.
Love this type of content! Thanks!!!
You guys are really good at what you do with the videos and the products you sell. I’ve purchased from you before and I’ll do it again. Keep up the “good work” and it’s nice to have the additional non-tractor related video from time to time. Lastly, give the merchandise sales another thought. I think it could be very good for you and your followers. Thanks for all the helpful and entertaining content.
I appreciate it Donn. I may give merch a shot again sometime. Just a strange concept for me, haha. Happy New Year!
@@GoodWorksTractors Look at it as a way for people to support GWT who like the channel but don’t necessarily buy from you (for whatever reason). Merchandise is a really good fit for you. Happy New Year to you and yours!
Congratulations on your success and best of luck in the new year!
Excellent content…you were one of my main sources of information when I was trying to decide how to go about getting a tractor. Your videos are extremely helpful.
this site also helped me with my tractor purchase.
That's awesome, glad to hear it!
Sweet!
Interesting , Thank You . for explaining so many things so well . As you have figured out time and finances are very important. I do enjoy you're videos ,but I do have local places to go. shopping local is very important to me.
Thank you. Great insights.
Thank you so very much for these videos.
Thanks Courtney👍 I appreciate you taking the time to share your thoughts and experience. I am just starting out and I’m starting to think 🤔 about a lot of what you are talking about in this video. My meat and potatoes is my regular Job but I would like to work from home more. We will have to see what direction we can go to accomplish our goals. Thanks again and Happy New Year!!! 😁👍🚜💨🎆🥂🕺
I hear ya! Working from home has a lot of value for me too. Best of luck on your journey!
I watch you off and On all the time....Former tractor owner....But I like tactors and like to keep my toe in the stream of things and what the industry has to offer.....I enjoy your Vids and info.
You know, everything we have belongs to God. I think you have proven yourself a faithful steward and I pray that God will continue to bless Good Works Tractors, you, and your family in 2022.
Thanks for the video, nice job explaining it. Gave me some inspiration to keep going strong, it can be a long road some days. A lot of great ideas, nice to know there is a light at the end of the tunnel. Good luck and look forward to the next video.
Happy to help and best of luck!
Great video with some insight on the backbone of what you are doing with your business. I think maybe its time for some blooper reels. I am sure with all the videos you have done, there must be a few that your brother can throw together!!
Thank you and keep up the great work.
I really like the decision to hire someone to do the video shooting and editing. That takes way more time than most people realize, so it’s great to hear that the CZcams revenue can offset the hire cost for you. Nice that you can employ family as well.
Thanks Keith. Yeah, it takes an absolutely incredible amount of time if you want to put out high quality content. But, it's the main way I advertise, so it's how I choose to invest my marketing dollars. A lot more fun than the traditional boring ways of marketing.
I liked the shadow waving to us!
Good morning Courtney.
Thank you for sharing story with us.
And be very honest..
Keep up the good videos..
Happy New Year…
Stay safe and always be kind..
Good for you. That's awesome you were able to do what you really enjoy doing and walk away from your normal job.
I've definitely been blessed.
Courtney, Good video.
As a guy that sells services I agree that you have to have multiple revenue streams. Especially in times like cov*d or low oil and gas prices.
I knew about wheel spacers but never considered them for my 60 hp Kubota. Your sponsorship with Bora changed my mind on ease of install and how it changed the stability. If I need wheel spacers I will definitely contact them.
Yeah, a little diversification never hurt, haha!
Hi Courtney,
Thank you for your channel! I appreciate the content you create. I enjoy watching your videos and your style.
Keep up the good work.
On another note, I know you carry MK Martin but maybe you can do a comparison video of the pull type blowers, and the Hybrids myself, Nix Snow, CopperCity Landscaping, Capital Services, and The Vanderzon’s operate.
I know you have made mention of them. After having one for several seasons it is so much nicer to work with.
Obviously we are all doing a lot of Driveways and our blowers are expensive but some companies have started making smaller units that fit the compact and sun compact market.
Thanks Courtney. You didn't have to do this, but it was fascinating? I am retired, but I was still glued to your story. I wish you all the success.
I appreciate that! It's off topic for the main content of my channel, but more of a behind the scenes. Glad you enjoyed :)
Very interesting video. It has already been said in the comments below but I'll humbly add my two cents anyway. The swag / merchandise issue is one I wish you would reconsider. I think most of us that buy implements for our tractors put a good deal of time and deliberation into it before we make the purchase. Where we choose to do that business can have some significance. Even something as simple as a sticker to put on your tractor or truck could make a cool conversation starter.
I think it's especially true when the business offers an array of different implements and attachments that can't always be found at local dealers; who are often limited to products made by the particular tractor brand they carry.
Happy New Year
I enjoy your informative videos. Thanks for making them
Thanks Courtney, its TTwT and you that got me to pull the trigger on a 1025R best wishes to you and your family. you did not have what i wanted and went new. good luck in 2020.
Courtney, I appreciate your videos. I am getting ready to jump in feet first with the tractor world. I am looking at a Kubota LX26... haven't decided if I want the mid pto. Your videos have helped me narrow down on needs and wants. Keep it up. Next time I am up to see my brother I may drop by.
Awesome, glad you find value. That makes it worthwhile to me :)
I live in Quebec Canada , and i watch all ur video , very usefull :) !
Good video Courtney. I always wonder how you got started in the tractor business and how your channel started. You said this was a different video...for me, not sure it is. You're always explaining or showing something. Mostly with the tractor related stuff. Thank you and your brother for taking the time to create this video.
Great video with good content. It's not easy but you make it happen.
Thanks for your honesty on how you started your own business.
As far as channel sponsors goes one thing to consider may be switching it up by doing shorter contracts if possible. Then it keeps the product and interest more fresh!
Interesting way things progressed, I don't know of anyone up here🍁 do that kind of business. Thanks for sharing your adventure. 🌴👍
Good video, very informative.
Great video Courtney!!
thanks for sharing this video and thanks for showing the behind the scenes of your company. do you see yourself opening a tractor dealership in the future,? offering service to what you're selling is a big revenue maker. keep up the hard work and keep sharing the great videos for 2022
12/30/21; Courtney, great honest talk about your revenue streams & background details. But... stop!...where was your droan pilot? Awh no, you said yur brother was camera man...you gotta give credit to your droan pilot too! Lol! Always enjoy your enthusiasm about tractors & attachments. So what is next affiliate? Ahh yes...welding machines, right? Hey, owners gotta fix those dents & cracks...aye? 👍👍👍☺🧑🔧
Haha, yeah he is also the masterful drone pilot! The hired talent for sure and has his work cut out trying to make me not mess it up! Happy New Year!
Good video. The Kubota off your right shoulder, looked like the cab lights were on the whole time. I suspect it was supplemental lighting you used for your video.
Don't feel strange when someone wants to wear some GWT gear. Its their way of supporting you and your channel if they can't/don't need to spend big $$$ on a tractor or attachment.
Great job Courtney!!
Hi Courtney,
I love the work you are doing here! I just have a quick question, when you started how would you find the used equipment for you to market and sell? Thanks!
Hey Courtney. This was a very informative video. Liked the income source analysis and the decisions made to "cut the line" on some of them. Starting a business and leading to success takes a lot of work and risk. Which is why I prefer to do pro-bono service projects with lil Jonny to help friends and others when I can. Can't say there is no risk but certainly plenty of reward (monetary and non-monetary). Thanks for sharing!
All good stuff Joe. Yeah, pro bono is feel good food for the soul. It's nice to give back when you can. Happy New Year!
Advertising "good works" is never a bad idea don't be ashamed 😉 there is more to the name than just Corey......you and your brother are good people 👍 😀 doing good work keep it up
Sorry off topic here. I would be very interested in a tractor detail video. What you use or recommend and how you do it. Iam sure most of us here would enjoy the video so we could spiffy up our tractors. Your do a very good job cleaning up tractors.
Great Video, thanks Courtney!
Thanks JPP!
Very nice and informative
Thanks for watching!
Good job Court
pc
Where do you find the tractors that you sell? Is it from auctions or do you buy trade ins from the new dealers?
I have a business that sells golf carts and trailers in Mississippi. Have been thinking about adding tractors and implements to the mix. Any advice is appreciated.
How about selling my tractor and equipment. Yanmar 324 less than 60 hours. Disk,loader,pallet forks. Yard rake, drive over belly mower, and dual axel trailer to haul it on.
Two days ago. I went to one of the main towns by me. Threw is two dealers. John Deere and Kubota. For smaller tractors. John Deere had none. The Kubota has two tractors, some skid steers and trackhoe. Their stock went way done to none. Just shairing.
same thing with my dealer no new kaboba tractors in stock for sale
@@madtater5948 I have been shopping. I have no problem when the time comes to buy one from this channel. He has them.
Where do you buy most of your tractors from
Top 12 ! Congrats 👏 on your business!
Same to you Mark!!
@@GoodWorksTractors Thanks! Our Business models kinda mirror each other!
I wish you were a distributor for Pression Manufacturing for their add a grapple line. We are getting a new Grand L 3560 le along with pallet forks. The adjustable add a grapple for forks is the best fit for our needs. The Kubota dealer we are buying from is a distributor but I would like to compare since I'm an accountant. Lol
On another note you might reach out to Big Truck Big RV channel. He is my biggest go to on trailering, but he just got a new sub compact tractor for his new property and he is struggling some on how to get the most use of his new tractor. He audience is huge and a collaborative effort might be in order for the both of you.
We actually are a new dealer for Precision Manufacturing. We just need to get their products on our website. We have briefly covered a few of their items and will be starting to put them to work soon!
@@GoodWorksTractors that is awesome! Thanks for that info! I'll get with you after the first of the year to see what you can do. You might also do a video on an install. Supposedly it doesn't take long to do it on the forks or a bucket.
Hats with your name and logo are a great way to expand your audience. You should really reconsider.
When are you going to start selling franchises? Have a good works tractors in everytown
I do not want to ask your trade secrets, but how do you find the margin to be profitable on used equipment sales? Are you buying units in need of repair? Are you offering trade in takes and creating the margin there?
With the value of used equipment being so high, it seems the margins are so tight depending on the area.
Don't feel awkward about people paying to wear your stuff! I doubt John Deere or CNH feel that way. I don't feel bad about paying more for Case branded items.
Nice video, lots of information for business owners like myself to chew on. One thought: Hats and shirts could be more effective for someone like you seeing as you’re trying to reach a more regional market or even further as opposed to myself who’s a small landscape company owner/tractor owner in southern Indiana and trying to just stay in this area. Word of mouth keeps me plenty busy but a hat or shirt starts a conversation about your brand for someone who’s maybe never seen the channel outside your area. Just a thought.
Thanks for your input! I totally understand the benefit of merch, it's just an uncomfortable feeling to think about folks paying to rep my company. I know it's been common practice by everyone since the dawn of time, just a strange one for me personally. Happy New Year!
@@GoodWorksTractors I have given out merch, for many years. Have never charged for it. I don't agree that someone has to pay for your stuff. I never will. I give it away as a thank you to my customers for them using my services. Also give it to the employees and their wife as a thank you. It is also free advertising .
Your brother is better at video editing. LOL Thanks for the video.
Hey Courtney, I appreciate your honesty and transparency in this video. I agree with most everything you explained here. As a LONG time viewer and tractor owner, the only thing that I have felt a little uncomfortable with, is the Sponsorship. For some reason, that Bora ad in every video just felt like a bit of a Sellout. - For whatever it's worth, hats and t-shirts will never be a big money maker, but they do, not only help us feel connected, and reinforce loyalty, but also would help increase your audience as we get the opportunity to tell others about GWT.
Keep up the great work !
Totally understand, thanks for your feedback. Sponsorships are a fairly common format with larger YT channels. I have tried to make a conscious effort to eliminate one Google ad in all videos with them as sponsor. However, some companies like BORA have a wide appeal to my viewer base and they align with my focus on tractor safety as well. So, it checked a lot of boxes and made/makes sense. At least to me! Happy New Year!
Could get some stickers for orders. We all love stickers
I enjoyed your video, great content. Keep up the "Good Works" (pun intended). Have a great New Year.
Haha, thanks Tom. Same to you and yours!
Thanks for Branching Out, I found JU FAB thru you and have ordered a Workmaster from them. Your video and their products helped me solve the problems I have with my loader. Thanks again
That's awesome, happy to help!
You are a salesman. A good salesman can sell anything.
I hate being called a salesman. I just help good products sell themselves. I like to think of myself as an educator that has to make a living, haha! However, I still appreciate your comment. Happy New Year!
@@GoodWorksTractors That's what a good salesman does. Your best quality is that you enjoy your work. Happy New Year.
Sir, 2 things you should remember if you take care of the pennies the dimes will take of their selves?
2nd. check out OTWM videos, they have just started selling their merchandise & it is going great. View the last 3 or 4 as they say how many orders they have shipped. Think about it a little more, don't close that door, as you may be able to hire someone part-time to start with???⚾