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    Monday, January 1, 2018

    NooB Monday! - (January 01, 2018) Entrepreneur

    NooB Monday! - (January 01, 2018) Entrepreneur


    NooB Monday! - (January 01, 2018)

    Posted: 01 Jan 2018 05:08 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
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    Why did Forbes stop publishing its annual list of most powerful people?

    Posted: 01 Jan 2018 06:31 AM PST

    I enjoyed that list way better than their richest people list , I was looking forward to see how Bezos big year compared against Musk's PR and cult of personality , as well as the whole Gates vs Obama thing , not to mention the rise of Saudi Arabia Crown's prince , the fall of the Clintons and Al Waleed , the new Fed chair , Kim Jong Un status , Macron , Renzi , the protests in Iran , Maduro , Putin , Bannon , Robert Mercer , Merkel weakened by the vote in Germany...

    submitted by /u/AjaxFC1900
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    Lessons learned in 2017 on business and productivity.

    Posted: 31 Dec 2017 08:43 PM PST

    Hey guys,

       

    As 2017 is nearing to an end, I thought I should wrap up my learnings about business (marketing, sales) and personal development (productivity mostly) in a small post! In 2017 I launched my startup and follow every day the advices written here.


    1. Seek the best possible outcome, instead of perfection.

    In other rights "stop seeking to be right" or for business "Take the shortest possible path to deliver value to customers". I realised there is a greater advantage in seeking the best outcome in every situation instead of finding the perfect solution.

     

    A few examples:    

    1. You launch a product that provides 80% of what customers want in one week vs. You launch a product that provides 100% of what customers want but it will take you 12 months. Which one do you choose?
    2. You need to make 100 cold emails and know they will be perfect but it will take you one day vs. explaining it to someone else which might not do as it as perfectly as you but it will only take you 5 minutes to explain.

    2. Ship every day... and put a deadline on it.

    This one is for those being stuck in "analysis paralysis" which is a symptom of many entrepreneurs. We want to make it perfect, we want to "wait" for this or that to be done first. NO. Just ship it, BRO! Whether it is a small feature, a bug fix, talking to new customers... Just keep that momentum going. It will make you more motivated and yield compounded returns over the long term.

       

    Next to that, what works for me best to ensure I ship is to make it actionable and attach deadline into it (example: "Talk to 10 customers today and find out what their pain-points are with my product and summarise it by tonight."

     

    A few examples:    

    1. Email 50 potential new customers about services and understand what they need the most before this afternon.
    2. Send instructions to employee on how to do X, Y, an Z before 12 today.

    3. Be accountable.

     

    Imagine you are on a runnning track and everybody is watching vs. you are racing alone in the woods. What would push you more?

       

    Every morning on Skype I write to my business partner the top 3-5 things I will work on today and make him an update in the evening on what was done. You can also use Whatsapp, or whatever works best for you. I would be happy to add you on Skype and be your productivity buddy :-)

    ** A few examples:**  

    1. "Man, I am going to talk to 100 customers today".
    2. Business partner: "Good luck. I am going to code features X, Y, and Z and also talk to existing customers to tell them how they want those features to exactly be".
    3. "... I only talked to 98 customers today"
    4. Business partner: "Talk to 200 tomorow".

    4. Read the evergreen stuff on business... and summarise it.

    One of the most important skill as an entrepreneur is to build yourself. One part of building yourself is to build your knowledge and you usually do that by doing as well as reading other stuff. I would be extremely picky on what to read, and how to retain that knowledge.

       

    My takeaways on this are:

    1. Stop reading "marketing tactics" and other jargon blog posts. Build elementary wisdom in marketing, strategy, economics, finance. Just build a strong foundation and attach knowledge over time to it.

       

    1. Write about the stuff you have read / learnt and share it to others. Maybe even start a small blog and write a post along the lines of "Here are some evergreen marketing techniques I have learnt this year". Even if no one reads it, it will help you spot your blurry areas of knowledge.

    5. Leverage yourself, your team, your money, your business.

    As cliché as it may sounds, my favourite quote is from Archimede is: "Give me a place to stand, and I shall move the world" I absolutely love the concept of leverage because you can apply it in many areas of business (hiring, finance).

    A few examples:

    1. Instead of buying its own buildings, WeWork leveraged its strong brand to fill in offices.
    2. Instead of trying to find the perfect solution to hire that perfect employee who is too expensive, find common grounds and leverage what you can do to work together.

    And you Reddit, what did you learn in 2017?

    submitted by /u/europeentrepreneur
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    Hello people, I am a children's book illustrator trying to find a business plan that can help me monetize my work... but I suck at it...and dunno where to start...

    Posted: 01 Jan 2018 05:19 AM PST

    Happy New Year everyone !!! So, as the title says, I am a children's book illustrator and I love drawing since I was born. I am currently trying to turn my passion into a career and get my name out there in order to get some clients or collaborations and make everything overall more professional.

    2017 - was a great year for me, I improved a lot, I upgraded my tools and I have illustrated several children's books!!! Everything sounds great, right ? Well, i've done all this work on fiverr ( a website you may have heard of ) and I think it is a great platform, i'm also one of the few people on there that enjoys drawing unique illustrations and not automatically generate them using softwares or other websites. Here's the thing... i've got clients coming back to me for more, one of the books I illustrated even made it to a local news network and my clients in general are very happy with my work as well as my personality because i'm a very friendly guy SO I want to take this further while I keep working on fiverr. ( not trying to brag , lol )

    2018 - my plan for now is to create a website for myself, maybe with a contact form so can people get in touch with me if they have any projects or want to collaborate. Other than the website, I am using social media websites to promote myself of course, but I do not know what to do more than this that will actually be beneficial for me.

    This is where I need some advice from you guys, what would you do if you were in my place ? Have you started something like this and had any success , selling artwork / t-shirt designs / prints / owning a shop etc ? Any advice you may have is VERY valuable to me !!! P.S: sorry for my grammar errors ! Much love to each and everyone of you and have a fantastic new year !!!

    submitted by /u/WeedStation
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    How can I get email addresses of business owners for cold email outreach

    Posted: 01 Jan 2018 09:51 AM PST

    I've launched a web design company last year offering really amazing Wordpress based websites to small business owners for only $500. The way I've gotten my clients until now is through cold email outreach.

    I found a directory app for business in the NY area and hired someone from fiverr to scrape all the advertisers email adresses. Ive been emailing 50 businesses a day and generating 5 sales a week on average.

    Now that Ive burned through that app I am trying to find another source for email addresses. Any ideas?

    submitted by /u/weerter
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    Seeking female comedian co-host for comedy podcast.

    Posted: 01 Jan 2018 10:53 AM PST

    Message me with questions or if you want to know more. Based on location I would think we will have to record online somehow. I am based in the northeast US. My aim is to develop a comedy podcast and grow/market it to the point where we have a dedicated fan base and paid sponsors. I have a small podcast I have been recording and putting out episodes on soundcloud, to hone my skills. I would like for this one to be standalone and brand new. Looking forward to working with you! :)

    submitted by /u/discgolfpro
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    [Question] What's a good niche/biz field to get income from the get go?

    Posted: 01 Jan 2018 12:16 PM PST

    Investment/startup cost is max $1000.

    I know this question was asked a million times. I know the general answer to it are:

    1. Local services (but please are there anything other than cleaning)
    2. Flip stuff - retail arbitrage, estate, flea market
    3. Freelancing with biz mindset - reaching out to biz that need revamping for their websites

    Are there anything else? I need one that can get me profit $500/month.

    Small goals, but I want to build confidence that I CAN make it work, that I CAN break off of the salary life.

    submitted by /u/lovebes
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    I need to generate $1000 USD per month as a full-time student.

    Posted: 01 Jan 2018 01:43 PM PST

    Went all in. And traveled to Europe to study my bachelor. Had enough to cover the first year only because I won a scholarship.

    Now next year.....

    Hypothetically, living expenses are out of the way (€10,000). I still need to pay €9879 that I can probably pay in 11 installments.

    Down to ~1000 USD a month that I need to cover.

    My skills:

    • Writing (Mostly blogs) 75%
    • CAD 90%
    • Java programmer (Learning on the go) 80%
    • Photography 80%
    • Video editing 70%
    • Graphic design 85%
    • Electrician (Perhaps I could make my degree valid here in Europe) 100%
    • Good cleaner 100%
    • I have $5K USD that I won't use in the next 7 months.

    Ideas:

    • Reach out anyone selling a course, product etc.. Familiarize with the service/product, and write an attractive but convincing review. (Using psychology) 1 review = $20 USD (50 reviews per month)

    • Sell fucking pastries (I know a killer recipe) 1000 pieces a month, where I earn $1 net for each pastry. Deliver to businesses, households, offices, sell on campus. I dont know shit about licensing for food.

    • Idea for Youtube Channel. Is 6 months enough to elevate a YT channel to 1K per month? Buy a current youtube Channel?

    • Sell cheap ass apps on Play Store (I have decent ideas, but poor executions so far)

      Is it doable? If it is, how difficult? My degree is stressful enough. A student loan might not be possible.

    submitted by /u/netopatineto
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    Online courses to hone my business skills?

    Posted: 01 Jan 2018 12:15 PM PST

    Hello Everyone! I am looking to educate myself further on business admin and marketing. I am a designer and I've been working on my own for about 5 months, I've been doing alright but I know I could do a lot better and in order to do so, I need to learn new skills and trades. I know a lot of you have a business or marketing background and know more than what I do about it, so I would really appreciate your help.

    submitted by /u/karenzilla
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    [Discussion] Friends that embrace your financial success versus friends that push you away.

    Posted: 01 Jan 2018 11:47 AM PST

    I think I've been lucky in this regard. I had a friend that always argued with me and tried to talk down to me for not working for an employer, disrespecting everything I did. I told him to fuck off and never spoke to him again.

    I had another friend who embraced it, never asked for anything and declined things too. He only asked how I did it and tried to replicate my successes in his own life, but I'm curious as to your guys experiences?

    submitted by /u/ZroZlame
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    Fear of being sued. Sole Proprietor or LLC?

    Posted: 01 Jan 2018 08:36 AM PST

    I'm looking to start an online business. I've read it's not necessary to register the business but it's a good idea to in regards to the IRS if I start making "real" money. I'm not planning to sell anything you ingest, rub on skin, or anything like that. The closest thing to it would be a bowl and clothes of my own branding.

    Reading which business to choose to scares me. Sole Proprietor looks like it would be a good choice since it's easy and common but your personal assets are connected.

    If my products I sell would be "low-risk" category, does it make more sense to choose Sole Proprietor? Reading that if I get sued and my personal assets would be attached makes me fear I would be in ruin. Not that I plan to be but everyone sues over every little thing nowadays.

    submitted by /u/Foodie1989
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    16 year old and have a great business Idea need help on what to do next

    Posted: 01 Jan 2018 10:25 AM PST

    Hello Redditors,

    In a nutshell, to provide a little background of myself I'm a 16 year old entrepreneur and what I do is I flip items online. I also do graphic design for some of my local businesses here in my area! Oh yeah, I sold fidget spinners for about 2 weeks and ended up selling up all 800 units I had ordered!

    As you can tell most of my "businesses" and ways of making money are very simple mostly just buy, sell, flip. But I never thought of starting an actual company and create a product. I been thinking of an idea for about 1-2 weeks now and I believe it has potential. It's a product nobody has on the market right now.

    What I'm wondering is, what's the next step after I found my idea? For example, how do I get my product designed? How do I go about getting a team together, etc.

    Looking for detailed answers not basic answers such as, " Just go do." And so forth. Any advice and tips would be greatly appreciated :)!

    TLDR: How do I turn a business idea into reality as a 16 year old?

    submitted by /u/saltyweeum
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    New Years goal is to start making Youtube videos today. Any tips on equipment, software, and stuff I don't know?

    Posted: 01 Jan 2018 07:54 AM PST

    My main New Years resolution is putting together videos for a youtube channel and I want to have one done today. I don't know much about the craft.

    I have a Yi Action Camera that is similar to a gopro, Galaxy s7 and a decent gaming laptop to edit video.

    I want my videos to look professional. Any suggestions before I go out and spend thousands of dollars?

    Any stories to steer me away from mistakes?

    Thanks!

    submitted by /u/NottaGoon
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    5 Lessons I learned starting a business this Christmas and New Year

    Posted: 01 Jan 2018 01:21 PM PST

    Hi all,

    This Christmas I started a marketing consultancy business, auditing B2Bs and online retailers to show them how to improve their website, brand, marketing content, channel efficacy and tactics to improve conversions, leads, revenue, yadda yadda.

    It's been amazing and I've had a great time doing it so far. It's not my full-time job but it's definitely the healthy start to going solo I've needed as I have talked about starting for years now.

    To help me keep my thoughts together and stay motivated I am going to make short videos either about my experience or about my business and turn it into lead gen content. But before I get ahead of myself below are 5 lessons I learned from starting a business over the Christmas holidays.

    1. I Can Do It I've always put it off in the past because I either couldn't find the time or had other priorities taking up my headspace. I gave myself 2 hours a day to focus on building my business and it's really grown into something tangible already (and I've barely scratched the surface). You see, 2 hours a day, every day is 14hrs a week (2 work days) or 56hrs a month (1+ work weeks). - Think about how much you can do in a week and apply it to your own project. You'll feel like you're making progress and it won't eat into your lifestyle too much at the beginning. Making the start manageable is so important.

    2. It's about the journey I have always been focused on the here and now. Often I get distracted and have too many projects to juggle. For me, even reaching the first major milestone can be considered the 'end' of the first part of a longer journey and I slow down or move on to other things as I got that sweet sweet serotonin into my system.

    Change this mentality to focus on your new project as if it's a new relationship or friendship in your life and know that it will grow and be better for the amount of time you spend on it. This has kept me focused and honestly, I feel better about it. The serotonin keeps on coming!

    3. A little pressure is helpful I work better to deadlines. Most people do, it's a weird thing that humans cant self-motivate without external factors driving the productive use of our time. If you can game your brain to create deadlines even when they don't exist you'll do better.

    In my case, I asked for test subjects to run my marketing audits on in this Reddit post and used my commitment to turning around requests as a way to motivate me through the holidays.

    Find a way to give yourself deadlines and the productivity will come faster.

    4. Nothing is free. Well, my audits were, but that was a mistake. I didn't need paying for my time as it was a shared benefit. I improved the output of my service offering, people got some sweet suggestions on how to improve their website or marketing tactics. The problem is I never got a commitment from the people I was working with (even in time) so that I could use them to test drive my pitch, talk through my service offerings, turn them into potential customers. I'm still waiting to hear back from some people but my guess is the free part of the relationship is over, they will be more conservative about spending time with me trying to pitch them from here onwards.

    If you are doing something worthwhile, make sure there is something given to you in return, even if it is not monetary.

    5. It's ok to fail So above is a clear failure, and I could get down on myself and go back to work tomorrow and forget all about it, but honestly, it's motivated me to make a video and focus on the next steps. Website, brand and Round 3 of audits

    If you would like an impartial audit from me about your website then send me a private message and we can go through it together

    Thanks for reading! Paul

    submitted by /u/Dara_dus
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    My New Years Resolution To Crush It On Linkedin

    Posted: 31 Dec 2017 04:58 PM PST

    Don't sleep on Linkedin in 2018...

    I'm personally going all in on Linkedin.

    The amount of organic reach you can get is actually ridiculous.

    I've been experimenting with posting content on Linkedin the past few days.

    Here's 4 things I figured out of their algorithm:

    1. Long form posts (1300 characters get more reach)

    2. When someone likes your post their connections also see it

    3. Your posts that new connections see can be up to 30 days and if they like it, it refreshes it for their connections

    4. If you have a viral post going, any new likes and comments seems to "refresh" it for the newsfeed.

    I got multiple posts with over 1,000 views and some potential business in my pipeline for 2018.

    Right now I'm testing hashtags there too. Will update with results.

    If anyone else has anymore tips, feel free to share! I just got started on Linkedin, but I'll be playing the long game.

    You can read about my other goals for 2018 here

    Feel free to reach out and connect! I message everyone back.

    Let's crush 2018 guys.

    submitted by /u/KPhun
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    I started a tech business about 10 months ago. The business has been successful but I am struggling with doubt, anxiety, and a lack of discipline. How can I learn to be better?

    Posted: 01 Jan 2018 12:37 PM PST

    Brief backstory: I'm in my mid-twenties and I have a degree in engineering and an MBA. I've wanted to be an entrepreneur and an engineer since I was a little kid. I lined up some skills, people, and luck and I wound up with a business.

    Over the past 10 months I fulfilled my immediate obligations, which were the reason for starting the business (ie. initial sales). For the past two months I have been focused entirely on getting more sales and grow the business. Except that I've struggled to even try.

    There's so much to do and so much to learn. That's a huge reason why I love the position I'm in but I'm almost completely paralyzed by the nonsense in my own head. How can I learn to keep my head down and move beyond these artificial barriers?

    TL;DR: I've always struggled with discipline. I think if I could learn to be more discipline then I could move beyond the fears which hold me back. How can I learn to be more disciplined?

    submitted by /u/theArtOfProgramming
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    My story of mixing friends with business, hope this can help someone someday!

    Posted: 31 Dec 2017 09:28 PM PST

    Before my current career, I had an idea for a business. Next thi g you know, I decided to help all my friends out and hire them and bring them on board. Some got equity. The thing is, being young, I did not realize the mistake I made. Every decision someone did not like became a heated and emotional tug of war and everyone just started screwing everyone over. One friend now is really rich (millions) and got it from MY hard work.

    My advice to you all is to never hire a friend or family member, especially early on when the culture is not really set yet. At least when you have, lets say, 10 employees, there is culture set that they can not stick out of unless they try to and you can call it out quick.

    submitted by /u/throwawaynashville11
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    I’m selling a book about sexual slavery. How could I release a second book on the subject?

    Posted: 01 Jan 2018 12:05 PM PST

    Do Businesses Need Help Building Distributed Teams?

    Posted: 01 Jan 2018 11:47 AM PST

    I'm a full-time remote software developer, and have worked for fully distributed teams, and a mixture. I have a close relative that creates boards for companies and a whole lot of other nonsensical (to me) things regarding boards.

    I had the idea of helping organizations build distributed teams or a mixture of both. It would entail workflows, project management procedures, work environment methods, recruiting, handling employee specifications, etc.

    I've always been told if no one else is doing it, its probably a terrible idea; and through some research I haven't found anything close to what I'm thinking of.

    What do you guys think? Would businesses consult me (and my employees) to assist them in building a distributed workforce?

    submitted by /u/Jaboof
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    Private labeling and selling via Amazon's FBA - Has the ship already sailed?

    Posted: 01 Jan 2018 11:47 AM PST

    What are the best resources for learning internet marketing, SEO, and related fields?

    Posted: 01 Jan 2018 11:42 AM PST

    I'm a Backend Developer and Musician who has a few months of free time to learn new skills, and I decided to learn digital marketing, SEO, and related fields. Does anyone have any good resources for learning these skills? Thanks in advance.

    submitted by /u/TheGreyWoman
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    Anyone use HopperHQ for Instagram?

    Posted: 01 Jan 2018 11:41 AM PST

    Apparently it posts to IG from web, without needing your phone. This is exactly the kind of tool I need but I'm wary that it's a scam or will get my account banned. Does anyone on here use this?

    submitted by /u/Bfire7
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    [Discussion] Starting from Scratch: Return on Time

    Posted: 01 Jan 2018 11:39 AM PST

    Happy 2018 something new year, same me, same goal as last year but I think I'm coming closer.

    From some Gary Vee analysis (don't hate), I think one of the most overlooked things on this sub is time. More importantly, return on time. What, I'm saying is that I've put countless hours into "entrepreneurship" and so far I've gotten NOTHING BACK and its seriously starting to piss me off.

    For example for the past couple of YEARS, I've been sitting around playing with dropshipping and t-shirt companies and trying to learn photoshop and design and write affiliate blogs. My total return on over 1,000s of hours is about $100 bucks from an affiliate blog.

    Now bear with me, if I used those 1,000 hours and worked at a minimum wage job that's like $7,000 (rough avg after tax). $7,000 I could've easily outsourced design and writing to other people for like $25 per design and $100 per article? Yea, point being is that if I've taken that path I would be ahead of the game. And since its international market and if you're American you get to leverage the strength of the USD.

    Also, should I document my process?

    submitted by /u/aznology
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    How have you dealt with fear?

    Posted: 01 Jan 2018 12:17 AM PST

    It can't be just me, I mean, I've yet to actually get a client but I'm cold emailing daily. After learning and developing the skills necessary I was about to begin my digital marketing consulting journey.

    I got a reply from 2 first potential interested clients and I was paralyzed with fear. I had the phone ready, video samples have been made, practicing my phone script every day and yet I felt that I can't pick up the phone. That was even worse from approaching a girl in a bus station lol.

    My assumption is that everyone had this kind of thing when they got started.. question is how you overcome it?

    I've provided online services before to youtubers and bloggers. I can't recall I was worried or scared. For some reason getting a reply from "physical" businesses making me nervous.

    submitted by /u/johnsime
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    Seeking someone to write a KILLER "About" page

    Posted: 31 Dec 2017 05:48 PM PST

    So everything that I'm reading says that a site's About page should be engaging, and it should focus on how you/your product serves the customer. I've also noticed that a large number of visitors to my site check my About page, and some do so before even looking at products.

    I'm not the best when it comes to engaging content, so I'm looking to pay someone to write something good for my About page. I'm not sure what the going rate is. If anyone is interested and wants to shoot me an offer, I'd appreciate it. Bonus points if you have a link or sample of your work.

    My site: http://www.gunslingersoap.com

    Thanks!

    submitted by /u/gunslingersoap
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