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    Tuesday, May 1, 2018

    So my sister quit her job to start an online business from scratch. What do we do?! small business

    So my sister quit her job to start an online business from scratch. What do we do?! small business


    So my sister quit her job to start an online business from scratch. What do we do?!

    Posted: 30 Apr 2018 10:27 AM PDT

    I'm a full time university student, a full time mum and still have to dedicate time to the daily grind. My sister also a full time mum on her own, just quit her 9-5 job to start a Women's and Men's Fashion Online Business.

    We agreed to have a partnership and share the expenses towards the businesses.

    We have been talking about this for ages, to start something of our own and be financially independent. You know, those sort of things that you talk about but never do, but guess what, WE FINALLY DONE IT!

    So we decided to start at Shopify. Great for web design, full of apps to help out the business but we got caught up for advertising and marketing.

    We didn't have enough capital per se, we thought the maximum we would spend £100 for marketing in a month just to start off. I think we got too carried away with Facebook Ads and the hype from watching youtube videos on how people made millions by selling on Shopify or just any product on any website.

    Now we are now at least £300 just in marketing expenses, getting to understand SEO, managing which products sell or not, just starting off on Google Shopping and Google Adwords, we have to pay for Shopify website hosting, pay for the domain name, we also got our bills at home, IT IS A NIGHTMARE!

    I knew it was going to be hard, but no one told us it would be THIS WAY.

    But nevertheless, we are really positive and learning a lot and polishing our skills, mind that both of us didn't have any sort of experience how to start an online business and something tells me we are only at the tip of the iceberg.

    Things are getting better indeed and we are getting 600 people a day in our website, the design is really good, SEO analysed, marketing sorted, accessible prices, shipping takes a while (depending where the customer is, otherwise is very quick) due to our supplier (Oberlo) and the items are shipped either from China or United States.

    All good for the traffic, but why oh why no one is buying anything?? Customers pick items, get them in the cart, go to checkout but are not purchasing. The checkout is working 100% we have checked it, no problem with the shipping because we are upfront how long it will take.

    But my question is: How do we fix this? How come customers are in our page , get items in the cart, go to the checkout but do not purchase it? By the way, the payment gateway is PayPal, and a Shopify payment provider, all secure. We also converted Paypal into a business account.

    I worry because my sister just quit her job and the business has been rolling for a month with no sales but a lot of traffic, I mean 600 potential customers a day but no purchases, we have been offering discounts codes, free shipping and everything.

    How do we convert these customers into buyers? Any Advice? Please?

    Thank you!

    submitted by /u/Palfatu-Pro
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    Any other landscapers have any idea how to find good employees?

    Posted: 30 Apr 2018 02:55 PM PDT

    We currently have 6 crew members and they're all great guys and great workers but 2 of them aren't great all the time. They've been here a bit longer than everyone else and they tend to slack off every once in a while and it makes the newer guys think they can slack off too. The season is in full swing so we're very busy and we can not afford to have people standing around doing nothing.

    I don't plan on replacing these guys any time soon because like I said they're good at their jobs, but we do need a few more people right now so I was just wondering how you fellow landscapers find good help? We pay our guys $1 more an hour than almost all landscapers around us and we actually give them consistent overtime hours. We're all like a family so there's no hate going around the crews at all, everyone's really good with everyone else. It's a fun and hard working environment.

    submitted by /u/abusivecat
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    Marketing of Honey now

    Posted: 01 May 2018 01:07 AM PDT

    In general, when I am Marketing Honey now, I share these points... https://www.youtube.com/watch?v=iCNMpLARPlw any comments as to effectiveness?

    submitted by /u/beelokahi
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    I’ve made offers on real estate but never on an existing business, what would be an opening offer without offending the seller? Thanks in advance.

    Posted: 01 May 2018 04:40 AM PDT

    How business logo can be registered?

    Posted: 01 May 2018 02:41 AM PDT

    I made a website then turn into small organisation. But couldn't know how to register my business logo internationally..

    submitted by /u/BBALectures
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    I am selling my eCommerce website site

    Posted: 01 May 2018 12:58 AM PDT

    I want to sell my shopify store. Here are few details of the store and if you are interested PM me.

    I will share the link to the store In PM it self. I started the store in October 2017, I am going for higher studies so I want to sell this store.

    Store is built around one single sports niche but it has more space to grow in different sub niche down the road. It's equipped with premium theme by themeforest, Store consists of 96 products each optimized with unique keyword giving good traffic from google each month. The store has 1 winning product, all the sales in the image have come from instagram, reddit and few from google. All the data is captured

    Total sale value to date is - 1300$

    Net profit of - 400$

    Total email ID collected - 329

    Social media followers -5K

    Only interested folks PM me and I will share more details and then we can speak on Skype and then we can get on pricing.

    Thank you for reading, god bless you.

    submitted by /u/IMDKSJR
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    How important is the business name?

    Posted: 30 Apr 2018 07:54 AM PDT

    I started a company with a ridiculous name, and I'm doing it as a deviation, but I'm positive now that it only makes me seem inadequate.

    submitted by /u/jomdo
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    Where to get Electronic Shelf Labels (ESL's) in the US?

    Posted: 30 Apr 2018 01:02 PM PDT

    Anybody know why it's nearly impossible to find LCD shelf labels in the States, but they seem ubiquitous in Europe and Asia? Or if someone's got a connection, could you tell us where to go?

    My business wouldn't need very many, but I thought it would be a good idea.

    Example for the confused: https://frenchtechhub.com/wp-content/uploads/2015/12/ses-french-tech-usa-france.jpg

    submitted by /u/MarquettePharm
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    Is the Credit for Employer-Provided Childcare Facilities and Services applicable to a single employee business?

    Posted: 30 Apr 2018 09:16 PM PDT

    Can a business owner with no other employees setup an employer-provided childcare service (Form 8882) for the owner's business even though the owner is the sole employee?

    https://www.irs.gov/pub/irs-pdf/f8882.pdf

    submitted by /u/joeblow1000
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    How much of a product do you start out with?

    Posted: 30 Apr 2018 07:54 AM PDT

    I posted on here and another community about my idea of selling phone cases, then growing my brand to expand to more. I've took the initiative to start building a website on Shopify. I've also went a head a thought of some ideas for a logo & am looking into buying my domain name. My next question is, being as though phone cases are a cheap start up. How many cases of how many different styles would some people recommend I start out with? I can purchase up 5 different styles and sizes of cases with about 200 dollars.

    submitted by /u/c_xon
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    Email marketing campaign tools and ideas for a photography business

    Posted: 30 Apr 2018 10:07 AM PDT

    Hi redittors. I have a small photography business for real estate and interiors ran by my wife and me. I want to reach an audience that is not being reached not only by me but also by none of my competitors, because people don't use this service in my country. I thought of trying to implement an email marketing campaign, what ideas do you have ?

    submitted by /u/mikermatos
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    Advice on starting up an Instagram affiliate business

    Posted: 30 Apr 2018 10:01 AM PDT

    Hi, new to Reddit and new to affiliate marketing but does anyone have any advice On how to affiliate market on instagram? Like any links or products or companies to market? I've heard of max bounty but I don't have a website. Thank you

    submitted by /u/kennethn0210
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    Refund Policy Question

    Posted: 30 Apr 2018 02:52 PM PDT

    Hi all, I'm wondering if it's legally acceptable to enforce a refund policy that has recently been added to the website, but wasn't on the website at the time of a customers purchase?

    The purchase was in 2017 (a one year subscription) and the customer now wants a partial refund.

    Thanks.

    submitted by /u/mov93
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    [NYC] Those who run a small brick & mortar (specifically a cafe) business, is my valuation correct?

    Posted: 30 Apr 2018 06:23 PM PDT

    My wife and I have been serving our neighborhood (Queens, NY) for three years now, catering to private events and food fairs. We feel that we are ready to take the next step and open our own small cafe, and by small, I am talking about 700 sq ft. to start off.

    It'd be a turn-key operation that fits our budget of ~$100 per sq ft./year in Manhattan or bordering Astoria/Brooklyn areas. Ideally with no turnkey cost.

    With a 150k SBA loan at 7% interest (5 years) + lease, I am looking at around $9.5k/month.

    The good news is that my in-laws are living with us and are more than willing to provide full-time kitchen work (wife and m-i-l would be heading the kitchen) with little-to-no compensation if/when we have a slow start (their living expenses are paid by me.) So with 4 family members staffed in a 700 sq ft. cafe, I am not too worried about payroll until things pick up.

    Since the plan is to use most of my loan on lease payments, I am not looking to spend more than 20% on additional equipment or remodeling, which is why it's very important to find the right turn-key operation.

    The $150k loan breakdown so far is:

    • Setting 50% aside for first 8 mos. of lease payments: $76k
    • 20% on marketing over 6 months: $30k
    • 20% on equipment: $30k
    • 10% on first 2 months of product: $15k

    Coming from a catering/fair background, I knew the clientele that I had, and I knew the capacity that I was going to serve, so calculating the product that I needed to purchase ahead of time was easy. Expanding to a cafe leaves a big question mark on how much product I need, or if the math in general that I am doing is correct to begin with.

    This is where you can hopefully provide some assistance. If you've done this before, or know what the math is - am I valuating this correctly? Is my breakdown accurate?

    Thanks for reading and I highly appreciate any help provided.

    submitted by /u/Effex
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    WA state: Do I need a new business license to put my spouse on payroll?

    Posted: 30 Apr 2018 05:58 PM PDT

    I own a one-person (ie me) company with no employees. My current business license reflects a status of having only myself on payroll. My business operates only in WA.

    I'd like to bring my spouse on payroll because she's handling administrative stuff for me. Do I need a new business license?

    For unemployment insurance, http://bls.dor.wa.gov/hire.aspx says:

    If you have an established business and are planning to hire employees (including minors and workers in the home), you must file a Business License Application again before you hire.

    But for workers comp, http://www.lni.wa.gov/ipub/101-002-000.pdf says:

    There are also special provisions for some family-run businesses.

    submitted by /u/notbcnotdcnotnv
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    Paying for continuing education in your field.

    Posted: 30 Apr 2018 05:53 PM PDT

    Has anyone used their business credit card to take classes at a local JC?

    I want to take a foreign language class and a financial literacy course this summer but unsure if the IRS will allow me to write them off as business expenses.

    This is for my small notary/loan signing business I started. I feel both types of courses would benefit my company.

    Do you think I would be able to get away with paying for law school since the legal paperwork is also tied in to the business of loan signings?

    Does anyone have experience with this?

    submitted by /u/fat-stanley
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    Wordpress for small service business

    Posted: 30 Apr 2018 11:07 AM PDT

    Anybody have suggestions for a good, affordable Wordpress host where I can move my service business (carpet and cleaning)? I only see maybe 40-50 visitors a week so I don't want to spent a huge amount. Currently using GoDaddy as host and using their website builder, but I'd like to convert to a wordpress site for more flexibility.

    submitted by /u/BukketsofNothing
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    Learn HTML, CSS and Javascript

    Posted: 01 May 2018 12:33 AM PDT

    Here is how to learn HTML, CSS and Javascript: https://pastebin.com/4YBwdLWy

    submitted by /u/DamnDoge159
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    Need advice for starting a local business

    Posted: 30 Apr 2018 07:14 AM PDT

    Good morning (or otherwise), Reddit!

    I've been running with instacart lately and I'm seeing a huge demand for a similar service in my area. I know there are a lot of competetor apps, but most of them are city centered, I plan on tailoring my specifics to our more rural area.

    I've done the freelance webdesign thing for a while, so I've got the basics of bookkeeping and that stuff down. And hey, free UI development! What I need advice on is what kind a insurance or liability protection I need to look at. Where can I research in the future about adding drivers, either paid or contract. And how can I pay for customer purchases without using my own cash (I'm thinking business credit card?). Am I absolutely insane for thinking I can pull this off?

    Any advice anyone can offer is greatly appreciated! Thanks!

    submitted by /u/rabbiteOnWallstreet
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    Help me brainstorm on where to put these expenses?

    Posted: 30 Apr 2018 04:56 PM PDT

    I started this business around 5 years ago and 2 years ago brought in an unsalaried partner. My partner Kevin has an equity stake in all of my businesses now:

    Biz #1, he has 15%. This company has around 15 rental properties. Biz #2, 25%. Around 15 properties Biz #3, 50% - Around 25 properties.

    Some of my major expenses are: Private contractors, around $200K/yr. Software/website/private contractors, around $40K/yr. Travel for business development/sales $10K/yr.

    Would love your 2 cents on how I should assign the expenses (e.g. which companies should pay them) as they all benefit each business and assigning expenses to certain businesses would affect partner Kevin differently?

    One idea is let's say I have $200K in expenses, I just divide it based on the % of properties. So if Biz #1 has 20% of the properties, Biz #1 pays 20% of the expenses.

    That being said, I'd be open to simplicity just because ultimately it's only a difference of a few thousand and we both don't care much.

    submitted by /u/queensgambit52
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    Is Retail a Dying Business?

    Posted: 30 Apr 2018 02:53 PM PDT

    With online shopping becoming the norm, how viable are retail businesses in the next 10 years? 20 years? 50 years? Will we see essentially an elimination of retail businesses all together, to the point where we simply order what we want through an app and it is delivered to our door within hours?

    As a young manager of a liquor store, this is how I see the future. And I'm working towards creating the standard in the business. By next year I plan to have a service available in my area where you can get liquor, beer, pizza, and even milk delivered to your door within 30 minutes. I feel as this is the way all retail is going to go. It's always been about convenience.

    What are your thoughts?

    submitted by /u/LiquorSales
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    I'm learning FB ads to make it as my business later, so I'm offering free work to any business, but nobody wants to try. What should I do?

    Posted: 30 Apr 2018 10:48 AM PDT

    Hey guys, this is a really bad situation for me. I learned from many courses, pros and I know I can be valuable and make money to the owners, but when nobody gives me a chance even for free. I start to feel helpless. How could I handle it?

    submitted by /u/VojtechNeon
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    Advice for LLC electing S-Corp

    Posted: 30 Apr 2018 01:59 PM PDT

    I have an LLC and elect s-Corp... I didn't have enough deductions in 2017 (due to depreciation on assets i thought I would be able to write off) so it appears as if my income tripled compared to 2016, even though I'm barely keeping my head above water.

    Also, I forgot to pay myself a reasonable salary in 2017 so therefore didn't pay payroll taxes either. I did pay estimated quarterly taxes, but due to my income being a lot higher than the previous year those payments won't even make a dent in the total owed.

    So I owe $17,000 for last year, sent a check to the IRS for $10,000 and going to make payments on the rest. Now my CPA instructed me to pay myself a salary, $3,044/month and also pay $994 in payroll taxes each month. And my estimated quarterly taxes for 2018 are $6,000/quarter.

    The problem is my income is variable and i don't have an extra $4,000/month to pay myself and save for quarterlies and make the payment on the remaining $7,000 owed. Also, to increase deductions i likely need to make a big purchase like a truck or a tractor or something so there's extra expense also.

    I'm wondering if i should shut my LLC down and just start over with a DBA?? This LLC has been a huge hassle I'm not sure my business is profitable enough to pay all the expenses and taxes each month and each quarter. Has anyone been in this situation or have any advice??

    Thanks

    submitted by /u/Flowback28
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    Online education business. Taxes, billing, and more.

    Posted: 30 Apr 2018 09:37 AM PDT

    Hello!

    I'm starting an online business that will simply have online courses. As far as I can tell by searching I do not need to charge sales tax since it's a service. Is this correct? Courses will available nation wide (USA).

    Also, one of the LLC members is in Hawaii so we're registering the LLC there. We will have online billing, but anticipate a lot of checks in the mail as well. What are the implications of having the billing department, or just the main bank account, in another state?

    I believe speaking with a small business attorney is in the near future, but I'd like to hear some feedback and get a list of questions together for them.

    submitted by /u/akariel00
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