• Breaking News

    Monday, November 27, 2017

    NooB Monday! - (November 27, 2017) Entrepreneur

    NooB Monday! - (November 27, 2017) Entrepreneur


    NooB Monday! - (November 27, 2017)

    Posted: 27 Nov 2017 05:07 AM PST

    Please use this thread to ask any newbie questions.

    We do this to not overflow the subreddit with newbie questions, so please try to limit the questions 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.

    submitted by /u/AutoModerator
    [link] [comments]

    What's the worst marketing advice you have received?

    Posted: 27 Nov 2017 11:23 AM PST

    I'll go first:

    "Email marketing is dead, it's all about social media"

    Being in the info product/online course market for the past 8+ years I can tell you that email marketing is FAR from dead and actually outperforms our social media campaigns.

    I'm sure it depends on the industry, but don't shy away from email marketing just yet.

    What's the worst marketing advice you've received?

    submitted by /u/jeffrofals
    [link] [comments]

    How can I figure out the legality of using a name?

    Posted: 27 Nov 2017 07:34 AM PST

    I live in a metro area that consists of two bigger, yet still small towns (20k and 50k populations), and then a bunch of smaller towns (under 10k each). All in all, there's around 500k people living here. There exists a rarely used acronym to refer to the area, which can be adjusted into a pronounceable name. My question, though, is whether or not I can legally use this name on merchandise. . Although it refers to the collection of cities, there is a mall using the name as part of its name, and there's also an unrelated economic development group using the word as part of its name. I searched the trademark registry and didn't see it listed anywhere, so I don't know if anyone owns the rights to the word, or if it's just fair use.

    There's generally not much identity here, so I've come up with a social media hashtag and a bunch of design concepts based around the small local art scenes popping up in the area. They haven't gotten much attention, but they're promising, and I want to use this to lift the artists attention to a higher level and make a little bit off money from it myself.

    I plan o designing and selling t-shirts, hats, and stickers. I also have a concept for a website, set up in blog format, where artistic endeavors from my region will be shared. I want to do all of this legally, and so figuring out if I can use the name is the next logical step for me right now. Can anyone i've some advice?

    submitted by /u/ElMayordomo
    [link] [comments]

    Looking for a business partner

    Posted: 27 Nov 2017 12:02 PM PST

    I'm tired of doing business solo. I've tried my hand at so many ventures I can't list them all. Some were successful, some were complete failures. Looking into it, I think the thing that contributed to my failures most was trying to go about it alone. Believe me, I've tried this with my real world friends, but none of them are as committed as I am. Reddit never fails so I'm here looking for a business partner. Reddit is a huge community of people so I'm hoping someone here is in a similar situation. I'm 20, about to go bigger with my marketing/advertising business and considering Amazon selling. I'm also building a couple of online courses.

    submitted by /u/QuantifyLifeCo
    [link] [comments]

    Seeking overseas business partner

    Posted: 27 Nov 2017 08:49 AM PST

    Is there anyone on here who speaks mandarin and lives in China?

    submitted by /u/Deebo211
    [link] [comments]

    As a recently-graduated mechanical engineer, are there any transferable skills that I have which could be used in a startup?

    Posted: 27 Nov 2017 10:29 AM PST

    I'm having troubles finding a startup that I want to pursue. I feel like I should try to take advantage of the knowledge I learned in school, but I can't think of any transferable skills.

    Do you have any ideas?

    submitted by /u/mattaphorica
    [link] [comments]

    How good were you at web dev before you started selling your services?

    Posted: 27 Nov 2017 01:49 PM PST

    Hey guys, I've been a lurker mostly on this sub for awhile and I've finally decided to pursue web dev as a side hustle/potential full fledged business. I've done several things to make a few bucks here and there, flipping things on ebay/Amazon being the most lucrative, but nothing I've done has had a client style relationship where I have control over the product like web dev does.

    My question is, how did you know you were ready? I'm all self-taught and my degree/career is in chemistry, not any sort of coding background. I have made a few websites for myself over the years and I've also developed two web app tools for games that I play (written in javascript/react). I feel like I know enough html/css/javascript/wordpress to make a good website, but I don't want to disappoint any clients. I guess I just sympathize with how hard running a small business is and how important every dollar can be. I believe that having a web presence is important in this day and age, and I feel confident in my salesman skills in convincing local businesses of that. My issue is, what if my websites don't perform? I would really hate to have clients regret paying me $1000-$2000 if they don't see results or don't like what I make.

    submitted by /u/sheymyster
    [link] [comments]

    I'm 15 years old and I've saved up $1000 from working part time. I want to start my own business. Any ideas?

    Posted: 26 Nov 2017 05:52 PM PST

    I'm willing to invest my time and up to $1000. I am also willing to take time to learn new skills if it will be profitable. I just want to be independent and make more than the equivalent of 10.70 an hour, which is the minimum wage here. Any ideas would be great!

    submitted by /u/mrtn20185
    [link] [comments]

    Did anyone else pay a lot more for facebook ads over the holiday weekend? I need help getting to a profitable ROI!

    Posted: 27 Nov 2017 01:21 PM PST

    I'm guessing that the increased cost is because of more people running ads over the holiday weekend? Either that or I need a serious refresh on how to run FB ads successfully.

    Mine is a consumer goods product (coffee and hot tea related) and my bread and butter has been selling wholesale. I'm considering finding a partner that can kill it with B2C (not amazon) so I can focus on where I'm having success with retailers. I'm thinking of offering a percentage of sales as renumeration or something like that? Has anyone else done anything like this?

    In my pride I thought I could figure out the FB game on top of everything else I do. Profit is greater than pride, so I need some help! Thanks

    submitted by /u/newbtoob
    [link] [comments]

    How to Optimize Facebook Videos for a Better, Broader Audience Reach

    Posted: 27 Nov 2017 09:34 AM PST

    Hey guys! Facebook does not make it obvious but there is a way to optimize videos—as in with keywords and other settings. I recorded a 5 minute video showing you how! See https://youtu.be/rwP0T2LlPfs.

    submitted by /u/tnnvtr
    [link] [comments]

    Shipping a 1000 packages to Detroit economically

    Posted: 27 Nov 2017 12:46 PM PST

    I am Canadian living across the border from Detroit. I own a small bookstore and will be purchasing a large order of books from many distributors in the USA. They do not ship to Canada, nor would I want this because the astronomical fees.

    The packages will be coming all across the US and commingled with all couriers.

    I need to find an economical way to ship all these packages to a location in Detroit so I can come pick them up in my car. Packages vary in size from 1lb - 20lb. There will be 500 - 1000 packages. The total volume of the packages would be a 1/3 - 2/3 the size of a Mr. Bean car.

    Normally I'd spend a week at a relatives in Michigan and have them all mailed but they moved so I must get creative.

    I've contacted stores which offer postal box rentals, including:

    UPS: $6 per package MyDetroitMailbox: $5 per package Hallstarz: Pending call back USPS: Pending call back

    At this pace, it appears I am better off renting from an AirBNB and staying in Detroit for 2 weeks to wait for all the packages to arrive (which I dont want to do).

    Are there any creative ways I can economically ship 500-1000 individual packages in Detroit?

    For example, purchase / rent a properties address which would accept packages for me and hold them. Or maybe have an address or PO box which would force couriers to leave delivery notices and hold the packages at their depot allowing me to circumvent a retail location holding fee and pick up my packages from couriers depots directly.

    Any ideas?

    submitted by /u/IRSplsstop
    [link] [comments]

    Where to advertise kitchen electronics?

    Posted: 27 Nov 2017 12:35 PM PST

    So I've been selling these personal coffee machines for awhile. I get them for an extremely low price compared to what they sell for. I have to buy in a quantity of over 20 but that's no problem. The problem is when I have the company fulfill my orders, they sometimes send the wrong model and that's the reason why I don't like to do online orders. I've been selling on Craigslist and let go but I'm looking for another outlet to grow my business of reselling products. Does anyone have ideas on where to sell? I used to ebay but I hate dealing with fake accounts and I tried using amazon but for the product I'm selling, I can't say that it's in new condition without being a verified vendor for the products company.

    Sorry if this is the wrong sub.

    submitted by /u/lchambers9448
    [link] [comments]

    Remote Crowdfunding Team - What can you bring to the table?

    Posted: 27 Nov 2017 12:30 PM PST

    I've had a real interest in the idea of putting together a remote team of 2 or more skilled individuals to create crowdfunding campaigns for physical products. Crowdfunding means minimal upfront investment, especially if you have skills to do it yourself. Using a combination of design, marketing, video, sourcing and anything else you can provide, I believe we can have a reliable collective that can produce quality and winning crowdfunding campaigns.

    A little about me; I'm 23, a freelance product designer with aspirations to do more. I'm knowledgeable in online business, marketing, and advertising and I have professional experience in 3D CAD design, Photoshop, Illustrator, and After Effects. I have connections with Chinese manufacturers and

    Household goods, tech accessories, 3D printing, cannabis, and block-chain are just some of the industries I'm interested in entering. Not only a great way to build your portfolio, we will make sure each campaign is expected to pay off. I'd love to hear your ideas and possibly get a discord chat going of like-minded individuals.

    submitted by /u/FlipLaunch
    [link] [comments]

    Any one start a business in illinois recently?

    Posted: 27 Nov 2017 12:06 PM PST

    Hi, maybe I'm slow but it seems that the state of illinois makes it difficult to start out.

    I am a cctv tech and want to go legit but have trouble understanding where to start.

    Any advice would be appreciated.

    submitted by /u/johnnysivilian
    [link] [comments]

    Initiative for Facebook Ads and Social Media Marketing Pitch

    Posted: 27 Nov 2017 11:53 AM PST

    Hello everyone,

    I'd like to propose an initiative to my bosses in order test out Facebook Ads / Social Media Marketing. I am inexperienced in these fields, however I am very confident in my ability to excel. This would be one way for me to provide great value to my company as an employee. We are a phone repair company.

    In order to pitch it, I will need a business plan. Your help / criticism is greatly appreciated.

    The basics:

    • Budget?

    I'd start off small with a $500-1000 budget for the first campaign.

    • How is it going to be measured?

    I plan to offer a small discount to those who show up in store. This would allow me to track the effectiveness of the initiative in terms of sales. They would need to recite a phrase or word in order to receive the discount.

    • What would determine the success of the campaign?

    The success of the campaign would prove to be successful if the return on investment is positive. It's success would also be determined if the Ad / Campaign shows great results in terms of viewer engagement (Likes / Views / Shares / Clicks)

    • Platforms?

    Main platforms would be Facebook Ads & Instagram.

    • Target / Demographic

    Potential and existing customers in the immediate area of the store.

    Customers unaware of our business / customers who are aware, but haven't committed to using our service. (Create awareness)

    • Advertising maintenance schedule

    This hasn't been tested yet. Therefore i'm unsure of the required activeness required for the initiative to become successful. I am dedicated to whatever is required for it's success.

    • Estimated ROI

    Again, i'm not knowledgeable on how successful or unsuccessful this will be. However, I am confident in the fact that this is the right move for this company. I believe this will benefit us in big ways.

    //

    If there's anything you think i should add or adjust, don't hesitate to post. All feedback is welcomed. If you have any tips as well, that would be great!

    submitted by /u/aznaj
    [link] [comments]

    Shipping fragile products: beer bottles

    Posted: 27 Nov 2017 11:52 AM PST

    Hi there,

    For an upcoming project I need to ship glass beer bottles, 6 bottles a box. The bottles will most likely be in this carton: https://imgur.com/a/s3Ll4

    What would be the best way to ship this and make sure the carrier doesnt break my bottles!

    Thanks guys

    submitted by /u/Basbeeky
    [link] [comments]

    Short interviews for my Career Planning class

    Posted: 27 Nov 2017 11:38 AM PST

    I've been into entrepreneurship for quite some time now, learning and attempting to start my own business. I am currently in a career planning class in school and for an assignment we are supposed to interview five people related to what we want to do in the future. I know I want to own my own business as soon as possible so it would be great if I could interview some people who are currently doing it. If you are interested in helping me out, comment below or PM me. Basically, it is just five or so questions about running a business and whatnot. We can do it via Video, audio, or just through chat if you would like. There is nothing for me to offer you here as I'm currently just a student, however I greatly appreciate any help you guys are willing to offer!

    submitted by /u/ABabyPanda777
    [link] [comments]

    Selling a startup

    Posted: 27 Nov 2017 03:58 AM PST

    I'm wondering if anyone has any experience with selling a startup? How, when, why, how old was the startup, was the team local or remote, who was the buyer (individual/company), where was the buyer from (local or not), were you looking for buyers or did a buyer find you, how long from first talk to closing, etc.

    Also I'm especially interested in how valuation is determined in a startup, since growth rate might be really fast but overall income is probably low, also you might not even have any churn rate which is unsustainable but frequently used in valuation, especially in SaaS companies. Another thing is your take on valuation of remote teams, so if your team is remote how would that affect valuation.

    I did a lot of googling around this topic and mostly I have found generic "advice" mainly for established companies, with words startup inserted in there somewhere. So I'm really interested in how this is actually done in practice, what to watch out for, etc. I'm sure a lot of other people would be interested in hearing about this from someone who's actually done it or was working on the sale.

    The reason I'm asking is I got an offer for my startup, completely out of the blue, and so I'm considering it but want as much info as possible.

    Anyway, thanks in advance.

    submitted by /u/saasfanatic
    [link] [comments]

    Finally decided what to do, not sure about some things though.

    Posted: 27 Nov 2017 11:26 AM PST

    Hello, I am 18 years old from a not-well-known country in Europe. I stumbled upon an idea (from the States), it is let's say geography related and is like those websites which make t-shirts/pillows/cases etc. There is nothing like this in my country and I have this extreme excitement inside me that wants to try it, because I think the start capital is almost minimal comparing to other ideas, so I have nothing much to lose.

    The problem is that I am not sure how and on which platform to structure the website - keep in mind I have absolutely no clue about how those things work. I need it to be very functional so people could choose exactly what they want and customize it + have the options to choose the sizes and whatnot (exactly like those custom clothing websites).

    I have a page on instagram with about 3k followers, I will probably boost it to around 20-25k then push the ads to the max locally and hope for the best. On the insta page I will post my products in real life uses, not just blanc digitally made photos.

    How does this sound? is weebly a good place to start the shop?

    submitted by /u/fitorquit
    [link] [comments]

    How will you rate this website?

    Posted: 27 Nov 2017 07:16 AM PST

    According to google insights my website has good number, but I know that is definitely not the case.

    What is bad? What dont you like? Where can I improve? Is it easy to find/use our online store? What does the website do to rep our brand? Is our brand clear?

    Be honest, be cruel, be anything but a sugarcoater. What do you not like/is hurting me on my website FantomWorks.com

    Edit: Loving the honesty, feel free to add more or let me know you agree with them.

    submitted by /u/FantomWorks
    [link] [comments]

    7 Tips for Helping Sourcing Suppliers From China

    Posted: 27 Nov 2017 03:28 AM PST

    [author profile] https://www.linkedin.com/in/ding-dean-tan-5917bb15/ As someone currently working in Asia Pacific, and having had experience working in China, here are some information for those looking to find Chinese sourcing suppliers:

    1. Seek out suppliers holding quality certifications, such as ISO 9000 certified, or "Gold Supplier" designation/membership on Alibaba, where all Gold Suppliers in China must pass their Onsite Check.

    2. Obtain and review assessment report to see if the supplier qualified as "assessed supplier" under Alibaba, through verification by top global inspection companies such as Bureau Veritas, TüV SüD, SGS and TüV Rheinland. Under the assessed supplier inspection program, the abovementioned global inspection companies can assist to verify Certifications from subsidiaries, partners, and contractors, production/export capacity, production flow, and various important attributes of a reliable supplier.

    3. Check out the "verified video" produced by Alibaba, which are recordings of onsite inspection by established third-party certification entity. See below for more details: https://service.alibaba.com/buyer/faq_detail/13858711.htm?spm=5386.7779426.1998688828.3.jIwnzl

    4. Hire a trusted local third-party consultant, one who is experienced in assessing manufacturing suppliers, especially of someone who has previous work experience in the same technical field would be preferred, to go out and visit the evaluated supplier. The same consultant person can also conduct periodic visits to the same supplier to followup manufacturing progress. In addition, the trusted local consultant can also spend time talking to various current employees from the supplier to gain some additional behind the scene unofficial insight into the supplier, especially to see how the supplier treats their own workers.

    5. Watch out for the Low Price trap, where some suppliers will offer extremely low prices to attract potential suckers/buyers, and after receiving payment, they will raise their price or demand buyers to place a larger order.

    6. Another way to prevent defective finished product from being shipped to the US is by inspecting the goods for quality prior to loading onto containers in China, via a containing loading check (CLC) performed by a third-party inspection company such as asiainspection.com. During the CLC, the inspector will select boxes at random to confirm quantity and quality in accordance with specifications or approved sample provided by you, and various packaging details. This will definitely protect your interests and reduce the risks involved.

    7. Ask for a written guarantee in the contract between you and the supplier so as to ensure the products you have ordered will be of the same quality as the initial samples that you received. If you have to request a refund or file legal charges against the company, the above will be much stronger form of evidence.

    submitted by /u/deantan
    [link] [comments]

    I just launched a tool for busy Airbnb owners

    Posted: 26 Nov 2017 08:57 PM PST

    Hi guys!

    I just launched a tool for busy Airbnb owners here: https://Alfred.co

    Alfred is a web app that aggregates all your bookings from multiple properties under one handy schedule that can be shared with your team.

    Your team can add notes and mark guests as checked in & out. Invite Alfred to your chat group and he will keep everyone updated.

    I hope it's useful for some of you 😊

    submitted by /u/lopify
    [link] [comments]

    Is it taboo to ask a domestic manufacturer to handle freight for your company?

    Posted: 27 Nov 2017 06:32 AM PST

    When buying parts for my product, we are almost always asked for our freight account number or given an address to send UPS or Fedex freight for a pickup. The rates are usually much higher than what our old supplier had contracted with UPS, so we just let them do it for us (e.g. our freight quote was $650, theirs was $175)

    I know that it gets cheaper as you ship more, but now that we are upping our production and using more big boyish factories, it's all kind of overwhelming. Would I look like an idiot asking my sales rep to arrange shipping for us on their behalf? Is there a professional way to ask this?

    submitted by /u/lippindots
    [link] [comments]

    I'm a 20 year old student living in London and have £8000 saved up from work.

    Posted: 27 Nov 2017 06:27 AM PST

    Do you guys have any ideas on how I can start up in such a busy and expensive city. I really want to start something up because I believe I chose the wrong career path (Accounting) and I don't want to work in a field in which I have 0 passion and motivation. Advice will be HUGELY appreciated!

    submitted by /u/Ifuwinuwin
    [link] [comments]

    What are some must-have online services to run a successful crowdfunding project?

    Posted: 27 Nov 2017 09:55 AM PST

    Hi everyone!

    We are a team of two people, just founded our startup and plan to launch our first product on Indiegogo since Kickstarter is not available in our country. We believe in the novelty of our product and we are preparing a provisional patent to fill before the prelaunch as well as a prototype. We've made a massive research about online crowdfunding services but ended next to many choices. Limited by our budget which can't exceed $3K, our location in North Africa so no offline networking, and the smallness of our team, we're asking about the most useful and low-cost services to help us succeed and get backers.

    We've been thinking of using "Krowdster" backer directories for targeted social media ads, but some reviews don't welcome it. We are wondering if it is worth it to invest in a PR service too, keeping in mind that they cost >$200 and that we have our PR already written.

    We have set a social media editorial calendar and proceeded with the photos, teasers and promotional videos. We want to have everything ready before the prelaunch, but still wondering what's better, to reveal everything from the beginning or gradually?
    Also, any tips and ideas are welcome, we really need to make it succeed and are ready to give it everything we can but are afraid it won't as we are limited by money and location.

    Thank you for your time and replies.

    submitted by /u/uniqu_usernam
    [link] [comments]

    No comments:

    Post a Comment