Will Earn $120k This Year from Blog and YT Channel - What To Do With Extra Cash? Also, AMA You Want! Entrepreneur |
- Will Earn $120k This Year from Blog and YT Channel - What To Do With Extra Cash? Also, AMA You Want!
- fed up with all the bullshit circulating for entrepreneurs and startups
- I made an absolutely FREE SEO TOOL, with unique UX. You can try it, and i will be very happy if you give me some feedback.
- Executive report of our first two months selling mosaics lamps online
- Teamwork Creates Far More Success
- Cool Statistics on Buying preference of Online vs Online among buyers worldwide 2017... Useful for dropshippers and E-commerce Stores
- How to research a location for a coffeeshop?
- I have an idea for a medical device. What should I do next?
- S-Corp or Single Member LLC?
- Anyone had success with the RangeMe wholesale platform? What are the secrets to success [fix’d it]
- Dropshipping niche selection - where should I go now?
- How to increase my revenue on Youtube? Currently at $400/month
- A List of 600 Instagram Influencers With Engagement Ration
- How to optimize a website design for sales and/or contacts
- Over 600 likes no sale.
- How do you start?
- Trying to sell Black Friday domain, but no traction on Flippa...
- A Year later and Retail side up but want to go more Wholesale
- Live Documentary: Building a Business From Scratch
- Did Design Thinking produced anything significant?
- Hey there, a few friends of mine just opened up their new online shop that sells all hand made pirate themed items!
- Has anyone built a paid app for Google's G-Suite?
- Some advice for those selling to local small businesses.
| Will Earn $120k This Year from Blog and YT Channel - What To Do With Extra Cash? Also, AMA You Want! Posted: 09 Dec 2017 08:54 AM PST Some of you might know me from my income report posts here on /r/Entrepreneur ... Here's the quick tl;dr ↓ I run a style blog and YT channel called The Modest Man. It took a few years for it to become a "full time" operation, and the growth has been really cool to see since 2013:
September of this year was a record month for revenue at a little over $12k. Looking at Q3 2017, after expenses and taxes, the business put about $6,250 in my pocket each month. So, I'm by no means rich, but I'm almost at the point where I could hire someone (I have a part-time assistant now), and I have extra cash to put back into the business, which is really interesting. Up until this year, I was just trying to make a living and survive. Now the question, "What's the best way to use this extra cash?" Some options are:
I'd love to hear your thoughts on this, especially if you've been in this situation with your business and have some experience/advice. Also, I'd love to answer any questions you have about blogging, getting traffic, SEO, monetization, sponsorships and creating content. Here for a while, so ask away! Feel free to check out my detailed income reports if you'd like! [link] [comments]  |
| fed up with all the bullshit circulating for entrepreneurs and startups Posted: 09 Dec 2017 12:57 AM PST like i wish people were just honest, i mean - look at all the people obsessed with ICOs now? weren't those the same people trying to build Uber for X and use AI/Bots for the 'future' [link] [comments]  |
| Posted: 09 Dec 2017 08:27 AM PST The site is: http://seo-metrics.com, and i developed some new metrics. I have a unique technique to find out what is your (or your competitors) websites value if you use any advertisements. So called website appraisal. Feel free to leave a feedback, I will be very happy if you give me some tips and feedbacks. It's been about 3 months since I've started working on the tool. Until now, it's 750.000 real websites data analyzed. It's a really big and valuable amount of data, I can work with. If you have some new features idea, you'd like to see, I'd definitely prioritize it. I am also looking for SEO partner, because I get a ton of offer to make seo, but I don't have time for it. If you can recommend any seo company please feel free to contact me. [link] [comments]  |
| Executive report of our first two months selling mosaics lamps online Posted: 09 Dec 2017 08:11 AM PST Hi /r/Entrepreneur! A couple months ago my wife and I started an online business to sell Turkish mosaic lamps: https://mycolorfullights.com/. We have asked this subreddit for help a couple of times during the process. Today I wanted to offer insight into our process, good or bad. This is our first business venture. I figure this might be good perspective for others who are struggling through the initial steps of their business. Important Statistics
Overview We sell Turkish mosaic lamps online via our website https://mycolorfullights.com/. It is a dropshipping setup with several suppliers that we met while in Istanbul. Similar lamps are available online on other websites (our competition) however our impression was that they do not establish a trustworthy presence. They often have typos, broken English, outdated websites, and other red flags that would drive away potential customers. This is not true 100% of the time but we noticed it often enough that we thought we had room in the market for a more polished experience. We view this venture as a learning experience with a potential upside of being profitable if things go well. We determined up front that we would only invest a set amount of money in this and would bail if things didn't look promising after hitting our limit. So far we have not made a single sale online, and are in fact about $1,000 in the red. This fact does not discourage us. We see small signs of growth and engagement, and will continue to test new approaches. Our next move will be to start an email campaign against the emails that we have captured on our website. Where is our money going
What has worked
What has not worked
Previous Posts https://www.reddit.com/r/Entrepreneur/comments/7f00xs/update_thank_you_thursday_starting_a_niche_home/ [link] [comments]  |
| Teamwork Creates Far More Success Posted: 09 Dec 2017 07:59 AM PST Teamwork far outweighs individuality Francis Galton a British Scientist applied statistical methods to demonstrate that groups made up of people at all intellectual levels, often performed better than any one individual. In one example he pointed out that a group of local residents could almost exactly guess the weight of an ox at a town fair. The point he makes is: Under the right circumstances, groups are remarkably intelligent, and are often smarter than the smartest people in them. So basically groups can usually do better, have better information then the smartest individuals. It is proven over and over again that working with others is often the only way to massive success in business and all aspects of life. The best companies and people have been built with others by their side. Rarely does any one of us have all that's required to succeed with the complex tasks we face every day in this turbulent world. You need your counter partner to fill in the strengths where you may have weaknesses. No man is an island. When you play the role of enabler over 'disabler', you can have people contribute to improve problems, even at times people who are causing you problems. When you fight your critic to and prevent their contribution to avert pain they may cause you, this may very well be doing a disservice to your progress that they could contribute to. This is one way your enemies could actually help you in certain ways as sometimes your friends may never tell you the hard hitting criticism you need to hear to make the right change. Turn your me problems into we problems. This is how you can resolve persistent and resistant behaviors you hold. This is how almost all great functioning businesses perform. They have employees that specialize in certain areas of expertise but all work in unisex to get the job completed in the best and most efficient way. Nobody is great at all aspects of everything in the world and all tasks can't be done by one person. This is why the best business people delegate tasks and not necessary have to perform them themselves. There is a saying of the man who chases 2 rabbits catches none. You can be performing 2 or many tasks at once but you are never becoming an expert in anything or at least doing them well. I believe multi tasking is for fools. If you are doing two things at once, you are doing them both at 50% capacity. It's best to know what your strengths are and find others who are good at your lacking ones to fill them in. Even this applies for a specific task or skill you want to learn. It is best to learn from others who are better than what you are and even if you are the best, it is highly beneficial to have somebody watching to give you key critical criticism in the moment. We often have blind spots we are missing as we are in the game or hard at work in our moments. An outside pair of eyes is crucial to improve on the small details that make up our biggest improvements. This is why the best athletes have coaches, the richest most successful have mentors; businesses have managers and a hierarchy. This all helps us improve to continue to progress to the top and stay that way when we get there. Don't be shy to work with others and don't let your ego prevent it. It is the very reason most people go down the school of hard knocks... failing over and over until they get it. This is not needed to achieve your goals, partner with others or get people to give you valid in the moment criticism to improve what you are doing. [link] [comments]  |
| Posted: 09 Dec 2017 04:43 AM PST Image of the statistic: https://imgur.com/tFLrknb Complete statistics including the option to download as xls/pdf files: https://www.statista.com/statistics/692871/global-online-shopping-preference-by-category/ [link] [comments]  |
| How to research a location for a coffeeshop? Posted: 08 Dec 2017 09:39 PM PST Hi, we are thinking of openning a coffeeshop. I wonder how I should do the research. Just curious what are the resources / web sites / data that are available and how this is typically done. Thanks. Edit: I have looked through some web sites, they just generically say, research location. I am wondering if there are some data source / web site that I could quickly get some of the data. [link] [comments]  |
| I have an idea for a medical device. What should I do next? Posted: 08 Dec 2017 11:52 PM PST Sorry if I'm being vague, I'm naturally somewhat paranoid. Basically, I am an MD who has worked in about 15+ hospitals over the past 10-11 years and have yet to see my concept implemented in any of them. I cannot find a patent for such an idea. Perhaps because it is something that builds on similar existing ideas, can be construed as a conglomeration of existing ideas, or I'm bad at searching the internets. But it seems to be an advancement with definite benefits to patients and providers. What is my next step to try to see if: a.) This idea DOES already exist and is patented or not b.) I can somehow protect my idea c.) Figure out ways to design and implement it without losing control over the IP. It would take computer and electrical engineers - people with computing knowledge far beyond mine, but seems doable. Sorry if this is the wrong forum to post on. But thank you to those who answer in advance :) [link] [comments]  |
| Posted: 09 Dec 2017 12:55 PM PST I have a small business that just consists of myself. Currently I have a single member LLC. I hire various freelancers/contractors and pay them, and I get paid by various clients. I do my own payroll/bookkeeping. Last year was my first year as a single member LLC. I paid a ridiculous amount of taxes, mostly due to self employment tax, but also NYC has lots of taxes. I'm wondering if being an S-Corp, instead of a single member LLC will save me all that self employment taxation? I know that single member LLC is easy for filing taxes, because it is just on my personal return, and an S-Corp is more complicated. I usually hire someone to file my taxes, so I'm guessing S-Corp filing will be more expensive because its harder. However, if I save much more money in the long run, by not being taxed as much I'd be happier. Also for a single member LLC all I do is pay quarterly payments throughout the year and file 1099's at the end of the year. Will having an S-Corp require me to do many more tasks throughout the year? I would like to have it easy, so I dont have to hire a bookkeeper or accountant throughout the year, unless its affordable and not difficult to hire them. I would like to know the pros and cons of each please. Thanks! [link] [comments]  |
| Anyone had success with the RangeMe wholesale platform? What are the secrets to success [fix’d it] Posted: 09 Dec 2017 04:07 AM PST |
| Dropshipping niche selection - where should I go now? Posted: 09 Dec 2017 02:44 AM PST Hi guys. I'm goint to start my first venture next year, which will be a online dropshipping store. As I was brainstorming myself through various niches I ended up with 4 of them, and can't quite decide which direction should I go. My selected niches are - outdoor equipment, coffee store, kitchen accessories or power-tools. I'm not asking for anyone to do the hard work and research for me, I can do that myself but I'm just asking more experienced entreprenours if they have any advice, thoughts etc. on those niches and dropshipping as a beginner in general, as I might not see the bigger perspective on those niches without much experience myself. Thanks! :) [link] [comments]  |
| How to increase my revenue on Youtube? Currently at $400/month Posted: 09 Dec 2017 12:13 PM PST I currently have a small Youtube channel (hairliciously) with a little under 5000 subs. I currently average about $400/month and have been steadily earning more each subsequent month. What can I do to increase my revenue through Youtube? I was thinking of perhaps starting my own product line (hair products - shampoo, gels, vitamins, etc) but not sure if that is the best way to go. I also have a blog (hairliciously.com) but having no experience in building a website, not much money comes from the blog (<$5 a month). Any insight is greatly appreciated! [link] [comments]  |
| A List of 600 Instagram Influencers With Engagement Ration Posted: 09 Dec 2017 11:03 AM PST Found this in a blogger's group. Hope it helps - docs.google.com/spreadsheets/d/1rUImUvQMNaCFfjLlRH1wmgkHAEvEH9JsxOw3Kts3uc0 [link] [comments]  |
| How to optimize a website design for sales and/or contacts Posted: 09 Dec 2017 06:30 AM PST Hi everyone! I've been in the process of personally creating + designing a website for the first time with WordPress. I'm looking to get some feedback on the design and UX prior to putting a large promotional effort behind the site. Feedback pertaining to optimizing the user experience on the site, which will (ideally) lead to increased contacts and sales is of most interest to me. The website is: https://www.AvailDomains.com It's a work in progress (as all things entrepreneurial tend to be), but there's more than enough there to criticize. I really do appreciate your criticism - it helps me grow. Thank you! [link] [comments]  |
| Posted: 09 Dec 2017 01:19 AM PST I created a Shopify oberlo site for anime gear (shirts, sweaters) you know. Got over 600 likes and 60 shares in my post but no sales. I had a link to the site product. Wondering if it's too expensive? $42 for a goku theme sweater but no buyers. Payment gateway works fine and page is somewhat fine. [link] [comments]  |
| Posted: 09 Dec 2017 09:55 AM PST How did you decide on that one idea? Affiliate marketing? Learning coding to develop websites and selling? Dropshipping? It's overwhelming. The amount of information is crazy. So, how did you decide on that "one thing"? [link] [comments]  |
| Trying to sell Black Friday domain, but no traction on Flippa... Posted: 09 Dec 2017 05:56 AM PST Hey guys, I have been trying to sell my domain, blackfridayvouchers.com, for a while now. I've posted it on the traditional domain marketplaces such as Flippa as an auction. However, I don't seem to get any views or interest and it seems that without paying fees it is very hard to get traction. Does anyone have any experience of selling domains easily online or have a brokerage service that they use that they'd recommend? Apologies if this comes across as spammy, and thanks in advance for suggestions! [link] [comments]  |
| A Year later and Retail side up but want to go more Wholesale Posted: 09 Dec 2017 05:53 AM PST Our Retail business continues to increase but dealing with the general public is extremely stressful in an Amazon world. We make custom Performance Gear along with custom graphics, custom canvas work, etc. We did pickup a wholesaler in Kuwait of all places but would like more focus locally. I hired a sales rep to go out and start selling but not sure how focused he is. Maybe if you guys could take a look at our product line and tell me what you think. www.surfmonkeygear.com. I would appreciate it [link] [comments]  |
| Live Documentary: Building a Business From Scratch Posted: 09 Dec 2017 05:20 AM PST What's up :) I'm starting a company that's purpose is to collaborate with people to share inspiring parts of our culture. E.g. up 'n' coming musicians, artists and teaching people about the mind and body. I'm starting it because doing great things with interesting people gives me the tingles :) I am in the first week of starting, so at the complete beginning. However what makes this slightly unique is that I'm documenting the whole thing, start to finish on podcast and some video. So I'm not trying to sell anyone anything here. I actually just want to share the podcast I'm making, because I think it will add value . You'll get to see everything, from design work, sourcing distributors and different sales and marketing techniques I'll be using...it will be an interesting ride! Anyways hope you enjoy. The first 2 episodes are up! [link] [comments]  |
| Did Design Thinking produced anything significant? Posted: 09 Dec 2017 02:42 AM PST Hello all, right now I'm on a bit boring design thinking workshop. The teams were put randomly together in size of 7-9 persons. Its my first workshop about that topic. What I'm really wondering that the best ideas (sure mines) are ignored. Ok just kidding. But I have the feeling that a significant large group would tend to the most secure convincing idea that everyone can agree on. So the question is does design thinking really able to produce any kind of idea? [link] [comments]  |
| Posted: 09 Dec 2017 12:03 PM PST If you could spare a moment to check the site out it would be greatly appreciated. Any feedback would be greatly appreciated and accepted, thanks! [link] [comments]  |
| Has anyone built a paid app for Google's G-Suite? Posted: 08 Dec 2017 09:35 PM PST How did it go? What G-Suite products did you target? Did it grow a sustained user base and/or make any money? [link] [comments]  |
| Some advice for those selling to local small businesses. Posted: 08 Dec 2017 09:11 PM PST My family owned a local retail store when I was growing up, and as such I've spent thousands of hours behind the counter from high school to early college. Today I was reading some guides on how to reach out to small businesses and I realized that the guide was obviously written by someone who had not been on the other side of drop in meetings, cold calls, or cold emails. The dead giveaway was that the author did not seem to have a decent grasp on the sheer number of inquiries a business receives a day. I live in a medium size city, and the store was located in the suburbs, but nearly every day we'd have 2-3 salespeople pitching some product or charity opportunity, 4-5 cold calls, and who even knows how many cold emails/contact form submissions. A common misconception is that by dropping by a store's location to speak to someone, or getting someone on the phone that you will have their full attention and your opportunities will be relayed accurately. That just isn't the case. Often the person you're speaking to has explicit directions to shield decision makers from being reached by your efforts. Stopping by a business, chatting up the secretary/floor manager/sales associate, dropping off your card, and leaving is not a viable way to reach the decision makers that you seek. Here's my advice: Come prepared with some sort of digital media that you can provide your point of contact to check out when you leave. For example, if you're selling a new t-shirt line to a local retailer, you have 2 options. You could go the traditional route and drop off a spec packet with designs and prices. This will inevitably get dropped in "the pile" which is basically just a stack of junk for the decision maker to throw away if it ever makes it to him/her. Or you could go the second route and come prepared with the url to a youtube video outlining the products, the target demo, and have some quality artwork. Have your conversation with the sales associate, feel free to drop off the spec book (it can't hurt), but end the convo with "hey, heres the url for a video for our full line, take a look, and if you like it shoot it over to your buyer and see what they think". Make sure you explicitly tell the sales associate that you want them to check out your product/service first, the goal is to convince them of your worth and have them give your business an inside connection where one previously did not exist. You want them to give them something that they only see when you're gone because as long as you are on site they will have their guard up to protect against being sold to. You give them an introduction to your products/services, then shoot them a link where they can do their own research while you're not there. This allows your point of contact to take a close look at your product but at the same time give them "ownership" of the discovery, one that would hopefully make them look good to their employer. I know this example was pretty specific to physical goods/retail but the same strategy could be utilized in nearly all niches and business models. The strategy also offers a big advantage in that it feels way less skeezy then other overly persistent sales tactics. Additionally to improve results, especially for high ticket items, you can personalize your media offerings specifically for the business. Making a landing page/video outlining the advantages of a partnership with the business prior to even setting foot in the door gives you an extra step on your competition, but may not be financially viable with lower priced services. [link] [comments]  |
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