Accomplishments and Lesson Learned Friday! - (June 01, 2018) Entrepreneur |
- Accomplishments and Lesson Learned Friday! - (June 01, 2018)
- How To Write a Business Proposal
- Why you should be skeptical of bold claims made by FBA sellers
- Looking to start an affiliate business - Profit Engine By Mark Ling any good?
- Thread by @naval: "How to Get Rich (without getting lucky): Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy. Unders […]"
- Can the leader of a solely own company call himself, the CEO?
- What accounting software do you use for your small business?
- Selling tools made in Excel/Google Sheets?
- 115 email subscribers and 3,600 page views after two weeks...now what?
- I'm starting a new business. Need some advice
- Payne Organic Green in Oceanside NY 11572.
- Will visual programming tools like Bubble help more non-techie entrepreneurs get their startup off the ground?
- I Want to Send an Invoice and Get Paid Digitally, But Not Via Credit Card. Any Solution?
- Insider info on the new Instagram Algorithm: 5 secrets you must know
- What books have made you guys money? I’ll start “how to market to the affluent” by Dan Kennedy
- Best business to buy as a retiree
- Does an LLC actually protect you from Lawsuits?
- I've created a free tool for selecting emojis for your Facebook ads, enjoy!
- Product Packaging HELP!!!
- Design App Advice, please.
- A flower shop that sells vegetable garden
- How To Tell The Difference Between Shiny Object Syndrome & Just Realizing It Is Time To Move On To The Next Project?
- Want to purchase fresh leads with phone/gender - any one have old lists they would like to sell me or point me in right direction?
- How to integrate forms into email that can then be used as data source.
| Accomplishments and Lesson Learned Friday! - (June 01, 2018) Posted: 01 Jun 2018 06:08 AM PDT Please use this thread to share any accomplishment you care to gloat about, and some lessons learned. This is a weekly thread to encourage new members to participate, and post their accomplishments, as well as give the veterans an opportunity to inspire the up-and-comers. Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| How To Write a Business Proposal Posted: 01 Jun 2018 09:23 AM PDT A business proposal is an offer presented to a client with the intention of providing services that meet that particular client's needs. The business proposal should not be confused with a business plan. A business plan is usually a document that details a company's strategy for meeting its financial and operational goals. Preparation: Preparation and planning is an essential part of writing a good business proposal. The time you take to prepare for the task will determine the quality of the document itself. In fact, it's recommended that you always take more time to prepare than you take writing out the proposal itself. During the preparation stage, you will have to consider the audience you are writing to. Gather as much information about the client as possible so as to tailor the proposal specifically to them. Establish also the approach you will use in tackling the client's problem. Sometimes clients require that you include in your proposal what method you will use when working on their problem. This is planned for at the preparation stage. Writing the proposal: After being satisfied that you have all the information you need you can then proceed to write the proposal. The document itself has a particular structure that you should be careful to observe. These are the contents of a good business proposal:
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| Why you should be skeptical of bold claims made by FBA sellers Posted: 01 Jun 2018 09:37 AM PDT Hey guys! FBA has seemingly become the new hot topic on /r/entrepreneur, and for good reason. With Jeff Bezos being the richest man in the world, and Amazon saturating our lives more than ever, one might think they're missing out by not jumping on the bandwagon. And the topics on this subreddit have certainly come to reflect that. I can't even count on two hands how many times I've seen "Making $20,000 per day doing FBA AMA" here, and I can't count past two hands because I never learned to read. So I taught myself to read and picked up the Amazon financial statements to get to the bottom of this. Surely there must be some information out there to give us insight into this world -- is Amazon FBA a way to make millions for the average Joe, or is it starting to become a get-rich-quick-scheme-too-good-to-be-true sort of thing? So here are the statistics I unearthed. First, the amount of goods sold via Amazon FBA, in the calendar year ended in 2017, was $31.88 billion. So far so good, that's a lot of money! But... Amazon has also reported that there is over 2 million active FBA sellers, so the pie begins to shrink. If we divide $31.88 billion by 2 million active users, we get to the more modest sum of $15,940 of revenue per user. Hmm. But you may be saying, "John, who's average here? I'm destined to make $1 million bucks a year, because that is how cool I am, friend." Amazon also revealed how many users are making $1 million in revenue or year or more. The answer? 0.6%. That means that there are 12,000 FBA sellers out of 2 million making those revenue figures Once we remove these super-affiliate/FBA sellers, it leaves $19.88 billion at the most (remember those sellers are $1m or MORE) / 1,988,000 at the least FBA sellers (Amazon has said there are at least 2 million sellers, they haven't revealed the exact number), which lowers the average revenue per FBA seller remaining to $10,000 per year at the very most, but this figure is probably less. Oh, but we're not done... Remember, again, this is revenue. Amazon FBA takes substantial portion of these proceeds for fulfillment. To be generous, let's say that the gross profit of the items is 30%. This leaves $3,000 gross profit or less for the average FBA seller. This is notwithstanding any other costs related to the business. Amazon charges for shipping the products to them (albeit discounted), as well as charges for labeling products and storage fees at their warehouses. You may also incur costs related to warehousing, and this does not take into account any cost of marketing required to grow your business. As I looked into this more and more, it became clearer and clearer to me that, while there is the possibility to make money in FBA selling, FBA selling was starting to look a lot like Amway / mlm / pyramid scheme selling, in a few significant ways.
So, in short, while I can't call FBA selling a scam, I would urge caution to those who are tempted by the bold claims FBA sellers are prone to make here. In any case, if it seems to be promoting a blog, Udemy or YouTube course, and relies heavily on throwing large numbers at you to dazzle your senses, I urge you towards skepticism. [link] [comments]  |
| Looking to start an affiliate business - Profit Engine By Mark Ling any good? Posted: 01 Jun 2018 04:53 AM PDT I am looking to build an online business and don't know where to start... Anyone tried any online courses from Mark Ling? I did some research online and found that he is the author behind affilorama.com and has been a successful online entrepreneur for years now ( doing mostly affiliate stuff and coaching). Last year he released the learn build earn course that teaches people how to launch their own digital product business. While I didn't buy it, I did some research online and found that a lot of people were satisfied with the in depth training provided by Mark. Now, this year he is launching a affiliate marketing course called the profit engine. I found a review at GFKamerica.com where they will review the course before it is available to the public (as soon as they get their copy). The thing I like about it is the fact that they really go in depth in their reviews with actually showing you the members area before, so you can actually see it is not a scam (like this one) My question to the community is: do you think it is worth getting the course? I am really looking to start an online business, but don't know where to start and would like to get a reputable mentor that has a structured process in place. Thanks [link] [comments]  |
| Posted: 01 Jun 2018 08:34 AM PDT |
| Can the leader of a solely own company call himself, the CEO? Posted: 01 Jun 2018 11:37 AM PDT Is CEO a title that requires a company to have a board of directors, investors? If not, then what is the criteria (employees, revenue, etc.) for using that title? [link] [comments]  |
| What accounting software do you use for your small business? Posted: 01 Jun 2018 11:17 AM PDT In light of Quickbooks decreasing in reliability and increasing in price, we're looking at the possibility of finding new software. Also, I'd rather buy software once than pay 20 bucks a month. We use it for accounting and payroll for our less than 10 employee bar. Any suggestions? [link] [comments]  |
| Selling tools made in Excel/Google Sheets? Posted: 01 Jun 2018 01:22 PM PDT Hey everyone, I was wondering if there's anyone here that has any experience and/or knowledge of selling tools that they've made in Excel or Google Sheets. I made a few unique tools that I'm sure a lot of people could benefit from (financial, automotive, etc.), and I'm curious if there's a market of people who would buy these. [link] [comments]  |
| 115 email subscribers and 3,600 page views after two weeks...now what? Posted: 01 Jun 2018 06:36 AM PDT On May 15th, I started a website tracking flight deals from the US to international destinations, and then posting the best deals I find. Since then, I have over 3,600 page views, and 115 email subscribers. I have had zero prior experience with website building, email lists, or marketing (I'm a CPA after all!). I feel like this is a pretty good start, and demonstrates to me that I have found a niche that has room for me to grow - but I am at a lost as to what to do next. Right now, I am not charging anything for my services - but once I get a good enough following, then I will have a "freemium" model of the email list whereas you can pay to get all deals, or stay free and only get some. I'd appreciate any help on next steps to either drive traffic, make my site better, business model advice, or how to monetize what I already have. Thank you! P.S. Not trying to self promote, but if you need to look at my site for reference, here it is (I am a visual person, so I know it can be helpful). https://thewrightflight.wordpress.com/ [link] [comments]  |
| I'm starting a new business. Need some advice Posted: 01 Jun 2018 01:59 PM PDT Hello everyone I have an idea for a business, sort of a party brand and lifestyle aimed to people aged 17 and over. But first of all, I need to make clear some points. • I live in Argentina. Here in my country, young people attends "previas" which is basically a party someone hosts at their house (with a start time of 1.00 a.m generally). There are less people as compared to being at conventional parties, and the idea of it is to get wasted there before going out to a club. • I'm planning to start selling drinking accessories and party supplies for them, such as tablecloth, glasses and red cups (quite loved in here), drinking games, etc. • There's nobody running a business like this (at least in my city) so that's why I'm not sure if it's going to work. At the same time, I believe this is an opportunity since the target is used to get all these products by themselves. • I'm also developing a unique drinking card game with a "We didn't playtest at all style" which is intended to be our real own product. • Marketing and sales will be done through Instagram. Maybe in the future, we might consider a website. I 'd like to know if you have any suggestions or ideas. Sorry for my english :) [link] [comments]  |
| Payne Organic Green in Oceanside NY 11572. Posted: 01 Jun 2018 12:47 PM PDT We (Payne Organic Green) have started our Medical Clinic but we will need consultation how to increase our patient. If Our website has any lacking please recommendation for changing. [link] [comments]  |
| Posted: 01 Jun 2018 12:31 PM PDT Visual programming tools like Bubble.is are becoming really powerful. There's a lot of (understandable) resistance and doubt from the traditional coding community, but I think there's a lot of evidence backing this belief that visual development tools will become more powerful and make building software more accessible to non-techie entrepreneurs. Would love to hear your thoughts, doubts, predictions for this trend… A couple of video interviews/articles about successful startups built on Bubble.is as examples: Dividend Finance - 100s of millions of dollars in funding [link] [comments]  |
| I Want to Send an Invoice and Get Paid Digitally, But Not Via Credit Card. Any Solution? Posted: 01 Jun 2018 12:23 PM PDT Hello, I am looking for a free online solution that allows me to organize invoices and that will prompt the recipient to pay digitally but not via Credit Card because I don't want to eat the cost that credit cards charge merchants. Any solutions? Again, the key attributes are: -free -allows me to organize invoices -can prompt recipient to pay digitally, preferably through Zelle or some other similar convenient payment method that does not cost me. Thanks! [link] [comments]  |
| Insider info on the new Instagram Algorithm: 5 secrets you must know Posted: 01 Jun 2018 12:09 PM PDT Over the years, Instagram has become the new Facebook. Everyone is on Instagram, and brands are caring about the platform. Around 70% off all my social media calls are on Instagram and how brands can leverage the platform more. Instagram won't reveal the intricacies of their algorithm. To learn as much as we can, I picked the brains of Instagram influencers. I have determined there are 5 secrets you 100% must know about. Instagram growth doesn't "happen." Can we first admit that we want more followers on Instagram? Can we also admit that it is 100% okay to care about "vanity metrics." Those metrics make us feel good, and also show us that our Instagram account is growing. Instagram follower growth is important as there is a churn of followers. Some people will stop following you or stop using the platform. We need more people coming in all the time. Talking to influencers about growth they share their secrets to growth. According to Instagram Expert Emelina Spinelli's Instagram training:[Instagram Expert Emelina Spinelli's Instagram training](www.emelinaspinelli.com) Brand new accounts have two main ways to grow. The first is creating interesting and engaging content that no one has ever seen before. The challenge with this method is that your content has no initial audience to engage with it. The second way to grow is also the most tried and true metric of follow/unfollowing. The key to being authentic when you follow/unfollow is to follow those who engage in similar content. Find your niche early on and engage with other people in the niche. If you are an amazing food stylist, find the top 10 food stylist and follow there most active followers. Once those people follow you, engage with them and build a community. Then you aren't going to be inauthentic. If you also create unique content then you will grow a following top the follow/unfollow game. You don't gain followers by posting. Quality + Quantity Instagram's algorithm monitors most likely hundreds of different factors. No one knows for sure exactly how many signal's Instagram uses, and Instagram would never tell us all. That said, we have been able to deduce a few key signals that are important. Authors Notes: The evidence in this article is from my team and I monitoring growth of 100 accounts. All accounts used the follow/unfollow method. Each account was different sizes and niches to generate as broad of a spectrum as possible. What we determined was that there is a hard cap on the number of daily actions you can perform on Instagram. That number changes when you post more times on Instagram a day. This makes sense of course and isn't a giant revelation. Instagram knows who is active and stops you from spamming follow/unfollow if you aren't posting. You look like a spammer if you post only 1 or 2 times a week but follow/unfollow. What was more exciting, is that Instagram can actually determine quality content. A few accounts that posted only once a week that still generated significant growth. Digging deeper we found why. Those accounts had 3 common themes. high levels of community engagement quality of content social authority of those accounts. The net result is that if you want to win the Instagram game, you must have a large quantity of quality content. Instagram Algorithm Metrics that Matter Different actions on Instagram affect the Instagram algorithm more then others signals. Certain metrics weight more then others in the algorithm. An Instagram like weighs less then a solid comment. Using this information we can determine what qualifies as quality content. The least valuable signal to determine the "quality" of a piece of content is likes. More likes on a piece of content doesn't mean the content is quality. It is one of many signals. The most valuable signal to determine the "quality" of a piece of a content are saves. The more saves a piece of content generates the greater the reach the content generates. Content that generates 20 or more saves increased total reach by 2-4k impressions. This also makes sense, users have been "spamming" likes on a plethora of content. Trying to like more photos to build their audience and get more likes themselves. Users have saved a lot less photos and thus the value of a save is much higher. The save feature is doesn't send a signal to other users. So people use the tool to save content they actually love. The other surprising finding is that comments under 3 words have almost no value. Due to in part the massive amount of "spam comments." Comments that have a couple of emoji's or a simple generic message like "nice pic." On the flip, Comments that have 4 or more words generate real engagement. These comments actually have a noticeable effect on your Instagram algorithm. Finally we took a look at the Story feature. There was a massive growth if user created stories and watched other users stories. Creating stories that actually generate engagement effect your Instagram algorithm as a whole. The simple breakdown of metrics to measure by least to greatest weight are: Likes on a photo/video 1 -3 word comments on a photo/video 4+ word comments on a photo/video Saves per photo/video Story views Story watches What we can deduce is that organic engagement is easy for Instagram to measure. Trying to game the system by spamming tons of likes on a photo through engagement groups is finished. Trying to build a "save only" engagement group won't work either as it wouldn't be hard to identify and adapt to one. Instagram's algorithm is much smarter than you and I. The focus must be on generating real, quality content that resonates with the audience. What this means is a real investment must put into your social media content marketing. No more "pass it to the intern to handle" instead, actually spend money on hiring in professionals. Instagram Algorithm Comments Diving a bit further into comments, Instagram can determine "spam" comments. Instagram does this in two main ways. The first is the quality of the comment itself. As we stated before the 3 word and under comments are generally ruled as not important and spam. This isn't always a hard and fast rule, but as a general rule it holds true. If you are having a conversation back and forth with a user, 3 words and under can be fine. As the sheer quantity of the comments works in your favor. When you are leaving comments write real, authentic comments. People will come back and engage with you on your page, leaving real authentic comments. The other way Instagram determines the quality of the comments is the authority of the commenter. Think of comments like you would "backlinks" to a website. A comment with low follower count, low quality content, and low engagement is bad for you. The quality of the comment is going to be very low in the algorithm. Compare that to a comment from an influencer or brand. That comment has more value in the algorithm Instagram ranks yours account as a whole. Determining if you are a spam account that should be shadow band or promoted. The FEED is important! Look at any big native Instagrammer whos primary revenue comes from Instagram. You will notice a consistent look and feel across every photo and the entire Instagram feed as a whole. This was a simple way of establishing your look and help with your visual branding. Your feed matters more than you think! Instagrammers who had tighter, more defined feeds also generated more engagement. We determine this to be akin to a "time on site" metric. The more time a user spends on your account, the more value you are to Instagram. You are increasing their advertising revenue. This also works in your favor. As users "spam" your account with likes and comments. Your old content gets an extra boost in the algorithm and kicks the content into someone else's feed. This gives you a nice little boost of impressions. Master the feed to master the Instagram game. Find a unique style that wows fans and is native to the niche. My assumption about the Instagram Algorithm Since I do not work for Instagram or Facebook, my findings and assumptions are not 100% verified. That said, with a little deductive reasoning, you will agree with my assumptions. We know that Facebook owns Instagram. We also know that Facebook's business model of using data to sell advertising. See: Cambridge Analytica. My assumption is that Instagram's algorithm is 95-100% the same as Facebooks. With that knowledge we can treat our content creation and distribution like Facebook. Let me know what you think, did the findings help you understand Instagram better? Do you think Instagram's algorithm is based off Facebooks? Leave a comment with your thoughts and if you like this please share it on social media. Update: Instagram product lead Julian Gutman explains the algorithm (https://techcrunch.com/2018/06/01/how-instagram-feed-works/) [link] [comments]  |
| What books have made you guys money? I’ll start “how to market to the affluent” by Dan Kennedy Posted: 31 May 2018 08:50 PM PDT |
| Best business to buy as a retiree Posted: 01 Jun 2018 11:45 AM PDT Was recently in Maine on vacation. The motel/hotel we were staying at was owned by someone aged 50+. He had a wholesaling business and sold it for a decent chunk of cash and bought the motel/hotel. Seemed he enjoyed his job - he socialized with guests, was in florida 6 months of the year (his motel is closed half of the year). This made me think. What type of business would be good for a retiree? Probably don't want to put up with as much BS, less energy etc. What do you think? [link] [comments]  |
| Does an LLC actually protect you from Lawsuits? Posted: 01 Jun 2018 11:38 AM PDT I was talking with another small business owner and they told me that they did not have an LLC because they wanted to reduce taxes. They also claim that an LLC does not "really" protect you. They nor I know what really means but I would like to get some feedback and knowledge on the matter. [link] [comments]  |
| I've created a free tool for selecting emojis for your Facebook ads, enjoy! Posted: 01 Jun 2018 11:34 AM PDT |
| Posted: 01 Jun 2018 11:31 AM PDT I have a product I have been working on and have some packaging questions...like where do I start? I am interested in blister packaging, and honestly something like this would work great. What is the best way to go about that? Try and find a company who does blister packaging for other products or try and order the plastic/cardboard back and put them together myself? Heard some are heat activated and such. Any advice would be great! [link] [comments]  |
| Posted: 01 Jun 2018 11:11 AM PDT Looking for alternatives for Adobe Creative Suites for Mac. Preferably something that's free but still good quality. [link] [comments]  |
| A flower shop that sells vegetable garden Posted: 01 Jun 2018 11:04 AM PDT (Sorry for my english) Hey guys. I'm thinking of starting a business, like a flower shop, but to sell plants so you can have some sort of garden at home (ie basil). I think it works as a gift (with a nice vase), and it lasts longer than a flower. I was wondering if you have seen something like this where you live (or even online), because right now I'm doing research on the subject. Would love to read your inputs. Thanks! [link] [comments]  |
| Posted: 01 Jun 2018 10:46 AM PDT I have been pushing forward with my business in an industry where I have no passion or real industry knowledge about the product itself so I can market the products very well but sales are just where I would like them to be simply because I do not know the product itself well. Employees are expensive and risky this early on and so I am hesitant to hire someone to become a product development manager or something similar. I also really do not have a passion for what I am doing and am realizing that it is getting hard to get up in the morning to work on my business, which I run full time. I can grow my company further, but I would need to develop a better product line which would be a few $10,000 bills, if they had $10,000 bills lol. I am considering either bringing on a VC who has already expressed interest in joining my company or scrapping my company and starting something that I can see great potential with and would love to run. How can I tell if I am getting shiny object syndrome or am just seeing that this is not the business or industry for me? [link] [comments]  |
| Posted: 01 Jun 2018 10:25 AM PDT Would love to purchase your old(ish) lead data, data must include cell phone numbers with name and gender Thanks [link] [comments]  |
| How to integrate forms into email that can then be used as data source. Posted: 01 Jun 2018 10:23 AM PDT I am looking for a solution to somewhat automate the shipping process. Currently all shipping requests, with names, address etc come via a general email. I would like to either integrate a form into an email or maybe make a separate form, that would standardize the format in which the shipping information is received. I could then use that to have FedEx ship manager use as information to create the shipping labels. Maybe there is another elegant solution which I am not aware of. [link] [comments]  |
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