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Nikonomics - The Economics of Small Business
Welcome to Nikonomics—the show for entrepreneurs and Wantrapreneurs, ready to tackle the toughest roadblocks to their first million.
Nik brings firsthand experience, having bought and sold over a dozen businesses, achieved multiple 7-figure exits, and generated over $100 million in revenue.
Each week, he blends humor with real insights from successful entrepreneurs, sharing growth strategies, deal insights, and unique business ideas you won’t find elsewhere.
Ready to turn your entrepreneurial dreams into reality? Hit play and let’s get to work.
Follow me on Twitter here: https://twitter.com/CoFoundersNik or @CoFoundersNik
Nikonomics - The Economics of Small Business
207 - No Agencies Allowed: Creating Massive Home Service Growth without an Agency with Steve Hunsaker
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Join me, Nik (https://x.com/CoFoundersNik), as I interview Steve Hunsaker (https://x.com/stevehunsaker1). In this episode, we dive into the "sexiest, unsexiest business": home services!
Steve, a veteran of three successful businesses including one that pulled in $800,000 in two months, challenges the norm. He argues why smaller home service companies should ditch pricey ad agencies and embrace DIY Meta Ads.
Learn his unique approach to marketing that prioritizes founder-led content, leverages powerful on-site organic strategies, and achieves remarkable ROAS. Get ready to transform your customer acquisition!
Questions This Episode Answers:
• Why should small home service businesses avoid ad agencies for marketing?
• How can home service businesses effectively run Meta Ads (Facebook/Instagram) themselves?
• What specific on-site strategies can generate organic leads and referrals?
• How does speed to lead impact customer acquisition costs in home services?
• If starting over, what blue collar trades offer the best opportunities today?
Enjoy the conversation!
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This week we covered:
00:00 – The Grim Reaper of Ad Agencies
02:47 – Unsexy Business: $4M in Home Services
06:00 – How to Sell $50K Without Sales Calls
08:50 – Paid Ads: What Actually Works in 2025
12:09 – Why DIY Marketing Still Wins
14:51 – Scaling to $4M with 40% Margins
18:07 – Dealing with Competition & Staying Profitable
20:57 – Understanding ROAS & CAC Like an Operator
23:43 – Ad Campaigns That Actually Convert
27:01 – Lessons from Losing $100K on One Deal
29:49 – Final Advice for Operators & Founders