Marketplace Tuesday! (November 28, 2017) Entrepreneur |
- Marketplace Tuesday! (November 28, 2017)
- I’ve sold nearly $20M worth of profitable businesses in 2017. AMA about online businesses models, scaling teams, and buying/selling online businesses
- How to Book A New Web Design Client Every Day
- "Amazon is worth 20% more than Sears" - 60 Min 1999... Today Sears is 0.4B and Amazon is 576B.
- Best entrepreneur advice I got- 'Fail often, fail fast'.
- What to do: Mark Zuckerberg or Eduardo Severin?
- Bidding on Government Contracts
- Thinking of starting a commercial cleaning company
- What's a flexible and easy-to-use CRM ?
- Confused 19-year old needs tips regarding future and entrepreneurship
- I did an AMA for my tutoring company, which ended up spending a day on the front page with nearly 20,000 points. Here's a bit about what it did for my company, and AMA about the IAMA process!
- Do you need release forms for in person surveys about your product?
- Advice me on how to manage business partners on this start up
- 16 lessons learned bootstrapping Kinsta from $0 to 7-figures in revenue
- What can I do with a 42.5k Instagram account?
- Who is the go to person to learn about building advanced funnels?
- Need to apologise to a customer, should I offer them a partial cash refund or a gift card?
- Anybody use an answering service?
- Can You ‘Remotely’ Co-Found A Start-Up?
- Entrepreneur Podcasts Report Card
- Why are Sales pages always so long?
- Learning Google AdWords
- Inventory management
- Getting a business credit card?
- Should I present my ideas to CEO? And how to do it?
- Need some advice
| Marketplace Tuesday! (November 28, 2017) Posted: 28 Nov 2017 05:06 AM PST Please use this thread to post any Jobs that you're looking to fill (including interns), or services you're looking to render to other members. We do this to not overflow the subreddit with personal offerings (such logo design, SEO, etc) so please try to limit the offerings to this weekly thread. Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Posted: 28 Nov 2017 07:01 AM PST Hey reddit! My name is Justin Cooke and I'm the co-founder of Empire Flippers where we've helped other entrepreneurs buy, sell, and invest in profitable online businesses. My partner and I started building out websites ourselves (and selling them) back in 2010, but eventually pivoted to letting others list/sell their businesses with us through our marketplace. We grew tremendously - from $200K in sales in 2012 to around $18M+ in 2017 - enough to land us on the INC 500 list two years in a row! We've built a team of 20+ people and (over time) have built a solid network of attorneys, bookkeepers, accountants, and other professionals involved in buying/selling businesses. We're a US based company, but our team operates remotely, giving us the freedom and flexibility to travel and explore. We're currently wrapping up a one month management meetup in Medellin, Colombia. I'm a fan and regularly here (lurking) on the /r/Entrepreneur subreddit, so happy to give back and share what I have learned over the last few years. We broker almost every type of online business (Adsense, Amazon Affiliate, FBA, E-commerce, Amazon FBA, Private Affiliate, iOS apps, SaaS, etc.) and have seen thousands of unique and successful businesses. You can read more about the 11 popular type of online business models here: https://empireflippers.com/11-popular-business-models-online/ Feel free to AMA about buying, selling or investing in online businesses, building management teams, starting a podcast, growing our business, interesting niches, living/working remotely, or anything else! Proof: Edit 1: Thanks for all the interesting and insightful questions! Trying to get to them as best I can. There have been quite a few questions about valuations. We have a tool that will give you an accurate (but rough) idea as to the valuation for your business. You can use that here: https://empireflippers.com/valuation-tool/ Edit 2: Great questions, everyone! I'm sorry I haven't been able to get back to all of you yet. Going to run to lunch for an hour or so and will get back to more questions when I'm finished. In the meantime, /u/contentmarketingreg (our Content Manager) will answer the questions he can! Also - for those of you asking about working for/with us, please review our Vetting Specialist position that's currently available/open. Edit 3: Thank you all so much for the questions! I tried to answer as many of them as I could. I'm going to end this for now, but if you're still looking for more information, you might want to check out our podcast or blog where we dig into even more detail. Want to find out more about these businesses we have for sale? You can check out our marketplace where we have all of our current listings. You can find out more about selling your business with us here. If you'd like to work with us, we have an open Vetting Specialist position right now. I'd also highly recommend checking out these Remote Jobs from our friends over at the TropicalMBA. Again - thank you all so much! Come say hi on Twitter when you get a chance! [link] [comments]  |
| How to Book A New Web Design Client Every Day Posted: 28 Nov 2017 09:25 AM PST A lot of web designers struggle with the business side of getting new customers, despite having amazing design and dev skills. The idea here is to target people who have registered a new domain, but have not chosen a web dev to help them out, and make the choice for them by impressing them. Hopefully this will help out - there are a lot of different ways to drive new business, this is just one option. Tools
Steps to Get A New Wed Design Job Per dayStep 1 - Get the leadsThere are a few different ways to do this, but the easiest is probably using DomainDevs.com to get a list of new domains that have been registered in your town/city/state each day. These are new domains that have been registered the day before, so they most likely do not have a site built yet. You'll probably get a list of about 15-25 each day and what you want to do is look through the domains for good "target sites" - and what I mean by this is a domain that has a definable theme by the URL. Something like JanetsDogGrooming.com would be a great example (I made this up as an example). One you have found and identified 4-5 of the target sites - you can move to the next step. You'll be taking these target sites, building out a demo, and then reaching out to the lead with a site that is already almost done, and very impressive. Step 2 - Setting Up Your WP DemosSo, now that you have 4-5 target sites you are going to want to go back to your Cloudways dashboard and clone that many wordpress sites. I like to have a "Base Wordpress" app installed with all the settings and theme pre-installed so when I clone it, it is all setup. Also create a sub domain for each site (based on the target URL) - this just makes the presentation easier. Step 3 - Getting the work done.Now that you have you 4-5 target sites (URLs and theme for the site) you can go to Upwork and hire a wordpress developer to build out the sites based on the niche that you think the site is in. For the example of JanetsDogGrooming.com you would want to instruct your worker to use lots of images of dogs, dogs being washed, dogs being groomed etc. These images can come from any of the stock image sites I have listed in the tools or other sources you find - there are lots with a simple google search. When you post your job on Upwork, you'll probably get a ton of responses - you want to find someone that can understand what you are trying to do, and make quick work of the demo sites you are building. You want to find someone that you can work with long term. You can find people that will take the job for under $5/hr, but I'd say go with someone in the $8/hr range - they should be able to bang out simple site in the target niche in about and hour with the basics (homepage, contact, about, gallery, etc). Try to get them too fill in as much info as possible on the demo site, but there will always be some dummy text that will need to be filled in later. Step 4 - Sell, Sell, Sell!Now you have 4-5 demo sites that look great and are in the niche of the domain URL. Now it's time to sell. This is probably the most important part, and where it gets a bit intimidating.
At this point you will probably know if you've made the sale or not - they will either be excited, or brush it off and the conversation will end pretty fast. RevisionsIf the lead is excited and wants to continue and purchase the site, they will obviously have changes to text etc. Direct them to using AwesomeScreenshot or a similar tool so that they can take screenshots and annotate exactly what they want to see changed. When you get this back - just send it off to your UpWork guy, and the changes will be done quickly. Calculate ProfitYour daily will vary based on your conversion rate of your sales call and what you charge, but using a 1/5 conversion rate and a rate of $1000 for each successful sale. 5 Demo Sites @ $8/hr = $40 Revenue from each site sale: $1000 Profit: $900 Bonus - After about a month or two of the client having the finished site, reach out again to book SEO services. They're probably going to need this. Wrapping UpObviously their are other costs, such as your time, Cloudways, DomainDevs, and any images purchased, but this is a great way to get new clients in your sales funnel and start booking new jobs. The biggest takeaway is that you need to call and care about the persons new project - they are going to be super pumped and you should be just as excited to help them. [link] [comments]  |
| "Amazon is worth 20% more than Sears" - 60 Min 1999... Today Sears is 0.4B and Amazon is 576B. Posted: 27 Nov 2017 09:40 PM PST https://www.youtube.com/watch?v=6cTjhzSgdwE Interesting how times change. Nice look back at 60 Min covering Amazon back in 1999. They were amazed at how Amazon was worth 20% more than Sears. Today, Sears is 419Mil and Amazon is 576Bil. Just amazing how much and how quickly things can change. [link] [comments]  |
| Best entrepreneur advice I got- 'Fail often, fail fast'. Posted: 27 Nov 2017 08:10 PM PST "Having a failure does not make you a failure.The advice was from my father. Over time, I morphed that to, 'fail often, fail fast' and came to realize that people and companies that fail, win more." As contradicting as this sounds it's pretty simple. Fail more, wine more. Fail faster, win faster. [link] [comments]  |
| What to do: Mark Zuckerberg or Eduardo Severin? Posted: 28 Nov 2017 08:37 AM PST A few months ago my friend Ilse and I launched temploola.com a website giving away templates for invitations, business cards, resumes and loads more. The short pitch is that we're giving away high quality templates that you would be happy to pay for, with no catch. We're slowly growing but we ran into a difference in opinion on the strategy. Comparing myself to 'the Zuck' would be sort of stretching it, but yeah, I'm Zuckerberg in this story :) My idea is to provide huge value and don't ask anything in return. People can just download the templates with a click of the button and if they want to share it they can. My take is that this gives us the biggest chance of going viral and when the traffic is there we can decide on monetization. Ilse's take is that we shouldn't let traffic 'go to waste' and capture emails & monetize right away. Especially with emails we should start asap because having an email list will increase our value with advertisers later. So far we mostly settled in my favor. Visitors can download everything with one click and no catch. The only thing we're doing right now is asking for an email when people intend to exit, but you can just click this away. Would love to hear some opinions on which strategy you would choose! [link] [comments]  |
| Bidding on Government Contracts Posted: 28 Nov 2017 11:04 AM PST I recently stumbled upon Fed Biz Opps. I want to ask anyone who has ever used this portal or worked with the government how they got their start and how the process was. Long answers not needed but appreciated. Thank you. [link] [comments]  |
| Thinking of starting a commercial cleaning company Posted: 28 Nov 2017 01:11 PM PST I have a decent income as is and my wife works part time as a dental assistant. She is willing to clean as long as we own the company. I am a good salesman, but wondering how good the market is for commercial cleaners. I get that it may vary by city, but in general, is cold calling the best way to get clients? Anyone have any advice? [link] [comments]  |
| What's a flexible and easy-to-use CRM ? Posted: 28 Nov 2017 10:47 AM PST I'm looking for a simple CRM solution which would allow me to do things like : - Add fields based on my business's needs - Automatically send e-mail messages and track their replies - Manage tasks and todos per client What flexible and easy-to-use CRM gems are out there that you use ? [link] [comments]  |
| Confused 19-year old needs tips regarding future and entrepreneurship Posted: 28 Nov 2017 03:32 AM PST Hello reddit, I'm a 19-year old guy from Sweden that recently graduated from school. This year i'm studying one class that I failed, but I have no idea what to do the next year.. I think a lot about creating a company because it means that I work on something I really believe in. Not be an employee and look forward for every Friday every week. And besides I heard a quote some months ago that someone is always making profit on you when you're working in a company for someone else. At least in bigger companies. And thinking about that makes me almost sick, it's like you're stuck in a loop that repeats forever unless you don't have any outcome, and you don't get to realize your own potential worth anyway. The only things i've come up with so far is either start on university about something to do with entrepreneurship or investing. Please feel free to give me some inspiration and tell me about your start-ups or your decision on studying in university. Thank you a lot. [link] [comments]  |
| Posted: 28 Nov 2017 07:27 AM PST Hi guys, On a whim, I decided to post an AMA about my business on /r/IAMA, as I work in a fairly interesting, niche market (upscale tutoring in NYC.) Website: Altiora.NYC My AMA ended up getting far more popular than I anticipated, and it spent an entire day on the front page of Reddit! Here are a few takeaways from the experience, and feel free to ask me about anything I didn't cover. Titling your AMA: Having an interesting, provocative title is REALLY important. I spent a lot of time thinking about how successful posts on reddit word their titles, so I decided to create this post: Yes, it's a little impolite to talk about how much money I make in the title. I got a lot of nasty comments accusing me of bragging or being crude. But ultimately, I think it needed that to make the AMA click-worthy. I tried to make another AMA recently without talking about money in the title, and it only received 30 points as opposed to 20,000. (Yes, I know there are other variables.) Dedicating the time: I literally dedicated my entire day to this AMA. I started the post on a day I had off, in the morning hours when people are already settled into their jobs and browsing the internet. I did my best to answer EVERY comment that was a genuine question. I also posted in-depth responses rather than the sentence or two I see on a lot of AMAs. I was typing all day, and half of the following day. My hands were aching, and it was exhausting. But that time I dedicated helped my post spend so much time on the front page of reddit, and I had many people comment about how it was the best quality and most in-depth AMA they had seen in ages. What it did for my business:
Overall, this post helped me build up my reputation on reddit quite a bit. I still regularly have people messaging me with questions about how to get into the market themselves, people asking me how to prepare their kids at home, people asking me to write more books, and the occasional weird stalker. It made me a bit of money, but my day to day life isn't very different. I kind of wish I had waited to make that post until tutoring season, rather than in the summer, so I could have maximized its potential impact on my client base. But it was still an interesting experience that was beneficial to my business! Feel free to ask any questions about anything! [link] [comments]  |
| Do you need release forms for in person surveys about your product? Posted: 28 Nov 2017 06:14 AM PST Wondering if there'a an IP issue with asking strangers for suggestions. If they offer a better design, do they legally own that idea? [link] [comments]  |
| Advice me on how to manage business partners on this start up Posted: 28 Nov 2017 07:12 AM PST Hello! First of all I am a native Spanish speaker so sorry if I have a bad english. I am starting my very first business, I almost get my degree on business administration but this is the first business that I will manage from scratch. My cousin came up to me with an idea, I liked it and saw a lot of potential in it. He and one of his friends came up with the idea, my cousin got me in the business because of my knowledge and experience. My cousin said that it would be cool to have a fourth guy in the start up so I told him that I knew the perfect dude for the work. In this business logistic and transportation is very important for its success, so I told a friend of mine who has a transportation business and he liked the idea too. So now we are four guys, two of us almost with our degree in administration (my friend is the guy with best grades in our generation) and the other two just had the idea but do not actually have much to contribute to. Without us, they would pretty much fail at the start (at least at the start). Without a proper or even perfect management of the transportation the profit will burn itself. Also, without our help it would take them a lot of time to make the business plan and all the operational manuals. How is the ownership of the business defined in these scenarios? I am not asking you if I can cut them out and steal the idea, I just don't see fair that for example my friend does most of the hard work of the business and get a 10% ownership of it while my cousin and his friend get the 60-70% and I get a 20%. Probably my friend and me will do about 90% of the work, he is a god with the logistics and sales. I am more of a tech guy that can focus on making every process more efficent and take the most out of every resource so I will be in charge of general administration. I guess that the other two guys would be in charge of operational part (supervising some employees that will just have to put some material on a machine and crush it into some cubes) this isn't really a big deal if safety measures are taken. Also.. We are having a meeting the next week with an investor who liked the idea and we have to show him with evidence how viable the operation is. This guy said that he is willing to invest several millions in this idea, in this case how does the ownership is defined? This money would be very handy, but I would not like to give up the control of the business. I want to hear your opinion, and what would you do if you were in my position! Edit: Typos, and btw my cousin and his friend just finished high school and do not actually have any "business" vision so thats why I am say that most of the work will fall over me and my friend [link] [comments]  |
| 16 lessons learned bootstrapping Kinsta from $0 to 7-figures in revenue Posted: 28 Nov 2017 07:57 AM PST Running a business is not just about the money or X figures of revenue. It's about building a team, solving problems continuously day after day, driving innovation, hiring and firing, responsibility, self-learning, self-management and so much more. It's something that cannot be learned in school or taught by anyone. You need to do it, practice, solve problems, make mistakes, learn from them and improve. Check out these 16 lessons we learned during our bootstrapping journey, and how we turned our startup into a 7-figure business. Some of our decisions turned out to be great, while others cost us a lot of money and time. But it's possible to build a profitable SaaS business even if you don't have any connections, resources, or money. https://kinsta.com/blog/bootstrapping-startup/ Would love to hear from you guys about both successes you've had and failures in building a startup. [link] [comments]  |
| What can I do with a 42.5k Instagram account? Posted: 28 Nov 2017 07:34 AM PST So I have a 42.5k instagram account related to pets that I use to promote my affiliate blog and generate a mailing list (36 people so far after 2 weeks!). I'm also growing 2 more account similar to the niche to expand the group. However, Im looking to make the most out of this account. I get a few advertising offers every now and then. Those monetized in instagram, how do you make your money? Are websites like Shoutcart and other broker sites worth it? [link] [comments]  |
| Who is the go to person to learn about building advanced funnels? Posted: 28 Nov 2017 08:55 AM PST Title basically says it all: I want to learn about different funnels, how to set them up, the psychology behind them, sequences, templates, ... [link] [comments]  |
| Need to apologise to a customer, should I offer them a partial cash refund or a gift card? Posted: 28 Nov 2017 08:50 AM PST Our courier screwed up a delivery and it took two weeks to get to the customer. It was not our fault at all, we were stonewalled by the courier every step of the way. However, nonetheless as a retailer it's my duty to get orders to my customers so I'm going to compensate him. What would you offer; a fixed refund amount (30%? 50%?) or a gift card to the store? Part of me thinks a gift card is better as a) it costs me less, and b) there's nothing wrong with the product itself. Not to mention I've practically taken companies to war in the past and been offered nothing so anything is a bonus right? [link] [comments]  |
| Anybody use an answering service? Posted: 28 Nov 2017 02:08 PM PST I am running a general construction company. I get about 3-8 calls a day from potentiometer clients and about 5 or more telemarketing calls. I use a google voice number. Out of those I really want to talk to about 2 or 3 a week. Others are small handyman projects. Anybody use an answering service that will answer the phone get the basic project info. The either forward it to me or tell them we don't do that type of work? [link] [comments]  |
| Can You ‘Remotely’ Co-Found A Start-Up? Posted: 28 Nov 2017 01:40 PM PST I found the article below posted on Yahoo today very interesting. Is there really a way today to build a company with a cofounder that is in your same office location or can you go at it remotely? I guess with all the technology there is a chance but wanted to hear your thoughts. https://finance.yahoo.com/news/remotely-co-found-start-130000479.html [link] [comments]  |
| Entrepreneur Podcasts Report Card Posted: 28 Nov 2017 07:32 AM PST I've been listening to podcasts since 2009. Here's my personal assessment for the ones that I listened to in 2017. My Wife Quit Her Job A-
Shopify Masters B-
Amy Porterfiled Online Marketing made easy A-
How I built this A
The Smart Passive Income B-
Masters of Scale B+ * Format: Solo/Interview * Comment: Advice from someone who has built a billion dollar business.
Startup Podcast D
Marketing School B-
Smart Agency Masterclass B
Entrepreneur On Fire C
$100 MBA C
[link] [comments]  |
| Why are Sales pages always so long? Posted: 28 Nov 2017 04:45 AM PST I see through some pages of Optimizepress and I generally notice that Sales pages and videos etc are always fucking long to convince the person. Like 10meters of scrolling and/or 20min videos. In my opinion (but no experience) people are buying spontaneous and because they like how it looks and what it promises how it solve their life problems. Shouldnt the sale be on point, concept clear and try to convice the buyer within 10-20 seconds? Someone with experience here who tested both short and long versions? What do you guys think? [link] [comments]  |
| Posted: 28 Nov 2017 01:15 PM PST I started a campaign about 2 1/2 months ago with google adwords and thus far haven't gotten much in the way of new customers. I have extremely limited knowledge when it comes to online advertising, and am a bit overwhelmed by the adwords interface. Can anyone recommend a good tutorial for getting started with adwords? Thanks so much!! [link] [comments]  |
| Posted: 28 Nov 2017 12:43 PM PST Hello, can anyone recommend me an inventory management software that is low cost? Thanks [link] [comments]  |
| Getting a business credit card? Posted: 28 Nov 2017 12:38 PM PST I need a business credit card for a business I am starting. I am full time working on business (registered sole proprietor) so I do not have another source of income. Business revenue is still 0. I have decent personal credit score. What business credit card can I get approved for? Any help would be greatly appreciated, Thanks! [link] [comments]  |
| Should I present my ideas to CEO? And how to do it? Posted: 28 Nov 2017 08:26 AM PST Hello reddit. I'am 26 years old guy, who moved abroad about 3 years ago for better working opportunities and income. I moved from almost 3rd world country to Germany, and I've been stuck in 9 to 5 for most of that time. That is too far away from my dreams and goals, and in all that time only thing i was thinking of was how to get out of the loop. I've had few ideas and tried to make something out of them, but none of them worked so far. Recently I started to analyse my work space and company where i currently work. I've come to conclusion, that almost every single person in production is from abroad. And it got me into thinking, why none of these mid sized companies that have ~30mil revenue never invest in a "nearby" country where they could get all the benefits as foreign investor and cut their wage costs from ~150k eur a month to around 25k eur for cca 50 workers. Also tax is alot easier to manage where I come from and export has its benefits also. Not to mention cheaper energy and land costs. So my idea is to present this, and include some of the research ive done on the topic to my CEO. I could also get him everything he needs to start a company including land and construction companies to build him whatever buildings he might need, mostly because my fiance's father has pretty big construction company and good contacts in my country. I've calculated that this way he could be saving around 100k euro a month with everything taken into account including costs of transport. It seems like a decent opportunity at least i hope. Please if anyone has some advice or tips how to approach this it would be amazing! Thank you [link] [comments]  |
| Posted: 28 Nov 2017 12:09 PM PST Where could I find a mentor who's an expert in a SasS startup or someone who has experience with building a brand with an online startup? [link] [comments]  |
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