Startups I have 3 business ideas and would love some help with deciding which one to pursue. |
- I have 3 business ideas and would love some help with deciding which one to pursue.
- How to understand that my startup is unique and there aren't more analogues?
- Flexible full-time or part-time job while working on your projects/startup?
- How to raise capital to fund an idea at a young age ?
- Reducing shipping costs: help?
- Equity, Ownership, Profit Sharing, or None of the Above
- Ideas wanted: How do I MVP an e-book?
- Trying to fund my business w/ no credit history
- From startup to agile
- My co founder left, what should I do?
| I have 3 business ideas and would love some help with deciding which one to pursue. Posted: 24 Jan 2018 09:55 AM PST Hi guys! I'm struggling to decide between 3 business ideas and I'd love to see what your thoughts were regarding how to decide which way to go. Some background info: I quit a soul-sucking corporate job that was making me hate my life, I have a very limited budget and I want to find an online business that will start making money soon. I tried Amazon FBA several times in the past and wasn't successful. Can't really afford to try again and get stuck with the inventory. I also tried affiliate marketing and was not successful either. 1) An online shop and dropship via aliexpress in the spirituality niche. PROS: No inventory, small startup costs. I have a good domain name and website that I set up very recently and I very occasionally get some organic traffic even though the website is pretty empty. CONS: I don't know how to drive traffic to the website other than paid, and I'm concerned I won't have enough margin to cover the cost of a conversion through paid traffic. 2) A resume writing service: PROS: I'm really good at this. I managed to land a fancy job in the biggest and hardest to get into company in a very coveted industry with little to no experience. In fact, I received two random messages through LinkedIn from strangers asking advice on how to get into this company. Also, my modifications to my friends and family's resumes have helped them get way more interviews than they were getting before. CONS: I don't have any certification or way to differentiate myself from other people doing this. I don't have any experience as a recruiter or in management, and I'm in my mid-twenties, so not a ton of work experience. 3) A content/copywriting agency: PROS: I can target a specific industry, and the fact that it'd be B2B makes it easier to find and reach out to potential customers directly. I can outsource some of the work and then edit their content, which would save time and be easier to scale. CONS: I'm concerned this niche is saturated and it might be hard to stand out. Also, I don't have any portfolio of previous work that I can show potential customers. What I've done so far: I studied which are the most searched for keywords related to each idea with KWFinder and compared those with Google Trends. Keywords related to resume writing services are by far the most searched for but have TONS of competition by big-name brands with many resume-writing qualifications which I don't have. The spirituality niche has less searches but also less competition, which is a good thing. Content writing agencies also have less searches, but since it's a B2B service that's understandable. I have also made mock-campaigns on Facebook to determine how much reach each would have and make sure they all have potential. Spirituality store and Content Writing Agency have passed that test but I'm struggling on how to segment Facebook ads to find people that are job searching. I also plan to make 3 landing pages for the 3 different services and testing out with Google Ads which one receives the most clicks and sign ups. Is there something I might not have thought of that might be useful to know? *Edited to focus more on finding ways to figure out what decision to make. [link] [comments]  |
| How to understand that my startup is unique and there aren't more analogues? Posted: 25 Jan 2018 12:48 AM PST Hello! I have a new idea for a startup, but I do not know how unique is my idea . Maybe some company is already doing this or have prototype. How do I test my idea? I tried to googling, but I haven't found any analogues. Friends advise me to read patents, but it's very long and there are too many of them. I'm just afraid to break someone's copyrights, I do not want problems because of this. What can I do, can someone know the solution? Is there any unique way? I will be grateful to any answer. Thank you in advance. [link] [comments]  |
| Flexible full-time or part-time job while working on your projects/startup? Posted: 24 Jan 2018 05:04 PM PST Anyone working a full-time and/or part-time job(s) while working on your projects/start-up(s)? If so, is that job flexible enough for you to invest significant time and/or money into your idea(s)? Can you "double-dip" and do you? By double dipping, I mean cutting into your agreed upon work hours (while still satisfying job requirements of course) and re-allocating those spare hours toward your ideas. Or even applying learned skills and/or domain knowledge from your job to your startup/projects. Another benefit can be building relationships that turn into a book of business, prospective users, future employees/partners. Or any other benefit that I haven't identified. Super curious here. Seeking to maximize value/output to time ratio. I would love to learn different ways people have designed/are currently designing their entrepreneurial lifestyle/journey. [link] [comments]  |
| How to raise capital to fund an idea at a young age ? Posted: 25 Jan 2018 12:06 AM PST Hello , I was wondering if anyone has any wisdom they can share on acquiring the money to begin a project . I am an 18yo college student that cannot have a job right now who also has many ideas that I believe in . I know that you can't really get investments from venture capital or angels without something to show for example a prototype or prior sales . I also am not interested in getting bank loans . I've been feeling trapped lately and am really in need of some advice . My ideas range between things like , applications , services and something related to real estate . Any money I make right now comes from stocks( nothing crazy but decent gains ). I've read the book " $100 startup " but I feel the ideas referenced in that book cost way less to make a reality compared to the ideas I have currently . If you have any advice I am all ears I really don't want to waste time waiting till I graduate college to actually do something [link] [comments]  |
| Reducing shipping costs: help? Posted: 24 Jan 2018 07:38 AM PST I'm working through the financial feasibility of an idea and the shipping costs are killing the possibility. The basic idea is to be a distributor for a low-access, high quality, regional product, and making this regional product available to a larger audience. But splitting up a bulk order into smaller packages is making this costly from the shipping standpoint. Aside from having the company I buy from send out the product directly (which would make me useless aside from gathering customers and being the point of sale), what are ways to reduce shipping costs for a large number of small packages? [link] [comments]  |
| Equity, Ownership, Profit Sharing, or None of the Above Posted: 24 Jan 2018 04:06 PM PST I feel like I'm at a major crossroads in my life. I was just laid off. Luckily, I have a small severance and a little bit of savings. Even luckier, the lease on my place just ended. And as of this week, I've moved in together with my fiancé, who is smarter and better than me in every way, and earns a good salary. Roughly 5-6 years ago, I was working for a guy (let's call him Bill) who started his own multimedia production company in 2005. Even though it's been registered as an LLC, the business was always a one-man shop until I was hired as his first, full-time employee. As a millennial with just a few years of prior work experience, I worked hard and did my due diligence, but never felt much personal investment or had much drive to do much in the way of growing the business. All in all, we developed a great working relationship with inherent trust on both sides. I eventually went on to find another job because I wanted more experience, security, and benefits. But more importantly, Bill hadn't been able to consistently pay himself any kind of real salary since I started. After leaving, I continued to help him with occasional projects in my spare time when his budget and my schedule allowed. Fast forward 4 years and two corporate jobs later, I've come to loathe the typical office environment, I consistently regret my lack of motivation years ago, and I don't want to do anything but work for myself and build something special. The "what if" is in the forefront of my mind, and I feel like this is the prime time to give it everything I have. Bill already has all the equipment needed to do the job, has a separate structure on his property to work out of, and enough clientele to gross roughly $150k/yr on average (95% from word-of-mouth). He's very good at the work itself, far better than me, but has, admittedly, always lacked the business savvy, which I really think I can do. It also helps that we've always worked really well together. I talked to him just a few days ago about going into business together, and for several reasons, he's more than excited about the possibility. So here is the big question: I don't have the money to buy-in, and after over a decade of building the business himself, I certainly don't expect him to up and give me 49-50% straight away. I understand there isn't enough money at the moment to pay him, me, and invest in the business, but I'm more than willing to work my heart out until there is. What can I do, what can he do, and what kind of agreement could we put in place that could work out for everyone? Thanks in advance for any advice/suggestions! tl;dr How do I go in on a business with someone who's been investing in it alone for over a decade, assume half the responsibility, and come to an arrangement/agreement that works for both parties? [link] [comments]  |
| Ideas wanted: How do I MVP an e-book? Posted: 24 Jan 2018 03:14 AM PST I work as an architect (of buildings) in Sweden, and for the last couple of years I've collected a large number of links to and information on manufacturers and providers of construction elements, furniture, kitchen cabinets, and many things related to the construction and refurbishment. I'm combining this with informative and illustrative texts on each category. It's all curated and surprisingly useful as finding high-quality manufacturers and providers is very time-consuming (and even as a professional you tend to forget names of products and manufacturers). The plan is to sell this as an e-book for ~$35 and turn the material into a nice side-project with some, though small revenue. The question is: what is the best (and cheapest) way to MVP this? I appreciate all ideas! Create a e-book mockup as a teaser? Create one sample chapter and give away for free (but how to market it?) I have a (free) webpage running with the categorized links, but I've yet to write the texts. [link] [comments]  |
| Trying to fund my business w/ no credit history Posted: 24 Jan 2018 02:24 PM PST I'm in my early 20's & I'm trying to find 15 months no interest credit cards I can take very manageable loans on with no credit history, but BoA, Chase, etc keep denying me on the basis of not having credit history. I'm looking to launch my business soon, but I need 3 months worth of advertising costs just to hire a PPC campaign manager in order to secure a strong launch. I need some sort of help on getting a shark free loan. I'd appreciate some advice. I'm looking for direction in terms of taking on managable debt with no credit history. [link] [comments]  |
| Posted: 24 Jan 2018 02:04 AM PST Say you do a startup, and you bootstrap. And you have ambitions of employing people an growing a lot. At what point do you start working with agile processes. I mean some of the tech giants of today, started out with maybe 1 designer and 1 developer, sometimes those two actually being the same person, and stayed that way far into the deployed product. Do you get my question? Like, when do you go from just trying random ideas to measuring and iteration? In some ways one could maybe argue that Steve Jobs never did that? It feels like a question that is not that much talked about in todays reality of measuring, agile and scrum and what not. [link] [comments]  |
| My co founder left, what should I do? Posted: 23 Jan 2018 12:11 PM PST My friend and I started a web project half year ago. He left because of private reasons. I recruited another friend that I count on for the project but he doesn't have a lot of time to contribute because he works, so I'm basically working almost alone with no project's revenue or income from my parent's home. I feel that project's pace is a bit slow although I have solid results for now and I am very determined to continue and grow the project. What should I do to accelerate my results? I see the the following options:
I'd like your advice (I'd appreciate if you private message me to discuss it) [link] [comments]  |
| You are subscribed to email updates from Startups - Finding problems and solving them!. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment