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    Thank you Thursday! - (June 07, 2018) Entrepreneur

    June 07, 2018

    Thank you Thursday! - (June 07, 2018) Entrepreneur

    Thank you Thursday! - (June 07, 2018)

    Posted: 07 Jun 2018 06:06 AM PDT

    Your opportunity to thank the /r/Entrepreneur community by offering free stuff, contests, discounts, electronic courses, ebooks

    and the best deals you know of. Please consolidate such offers here!

    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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    Anyone have experience selling 3D printed objects from home? (I have other questions as well)

    Posted: 07 Jun 2018 09:19 AM PDT

    Edit: I would love your feedback of the actual product itself. To the first 10 or so that respond, I'd be happy to mail one for free. Please only do this if you are a fidgeting type of person and think you could benefit from it. All I ask in return is for your honest feedback, as if you just spent $10 on it and this is what you received in the mail. I would have questions about first impressions, how long it takes to understand its purpose, how comfortable it is in your hand, how you'd rate the quality, and so on. Your feedback truly is very important to me (otherwise I wouldn't be posting). Just PM if interested, I promise no bamboozles.

    --------------------------------------------------------------------------------------------------------------------------------------------

    Hi all, long time reader, first time poster (hoping I have 10+ comment karma on this account). Anyways, I've developed a new fidget toy that I'm very proud of and am calling it the Fidgamid. It's kinda a next generation fidget spinner that is silent and non-distracting.

    Anyways, I've been creating some great products on my 3D printers at home with simple hardware purchased from the store. The feedback has been fantastic and I've sold about 75 of these fidget toys for $6 to $10 each, when each one costs me about $3 to make with about 3 hours of print time and 5 minutes assembly time. I can create about 100 a week if the printers don't fail (~75% success rate). I'm in the very early stages waiting for the LLC paperwork to come through and would like to sell first to local mom & pop shops first, then progress to selling online. I've also sold many to my daytime company as it has plenty of space for logos and company information.

    Getting to the point, due to the nature of 3D printing, each and every Fidgamid is slightly different. The texture can change, the smoothness off the printer and extend of my sanding, and the biggest thing is the spin quality changes from each one (smoothness, resistance, etc.). Occasionally there will be small blemishes from the printer and I do my best to sand them out. I have a blemished pile I hope to sell online cheap or give away. I'm also concerned about some of the lines that come with 3D printing, the surface is smooth off the printer and I do some minor sanding, but to get quality you would from injection molding is out of the question, I just can't obtain that level of smoothness. None of my customers so far have complained about smoothness.

    Another problem is the material (PLA) I use is sensitive to high temps and high humidity. I brought mine to Indy 500, which was very hot, and it basically warped and became very sticky in my pocket due to the climate. Should I just send a note to avoid hot cars and humid climates?

    I guess I'm concerned about the variance between each model - no two are exactly alike. They are all great fidget toys, but each with its unique touch. How would you recommend starting selling? The company logo is great for design expos but I have to lower my price significantly - still a great way to get the name out there.

    Where would you start:

    -Selling online (Amazon, Ebay, Etsy, etc.)

    -Selling to local toy stores

    -Targeting trade show companies

    I believe I have a great product and have put so much time and effort into perfecting it. It's unique, it's simple, and it works. I have about 500 in stock fully assembled in case my demand exceeds my building capacity. I'm willing to lower the price and eat the costs myself to get the name out there.

    Any feedback would be great. I'm still developing a website and plan to get some great photos this weekend with my hand model (aka girlfriend who just got her nails painted).

    Edit: Here is the website under construction. It has some early photos: www.fidgamid.com

    Edit 2: YOU GUYS ARE AMAZING!!! Seriously in all of my years on reddit, this has been the most help I've ever received and cannot thank you enough. My offer still stands if you'd like a free sample, I'd be happy to mail you one as a way of saying thanks!

    submitted by /u/hail_the_mole_people
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    The 3 Step Process To Find The Perfect Niche For You

    Posted: 07 Jun 2018 11:57 AM PDT

    If you follow this specific process, it will be impossible for you to not have a niche selected by the end of this post. Now, bear in mind one thing: you have to actually do the exercises - reading them alone won't help you. But this process is designed so that the niche you pick will give you three things: satisfaction, have an impact on others and make you money.

    The first thing I want to warn you is there's a specific mindset that you've got to approach niche selection with. If you don't have this mindset, you're going to waste weeks, months and even years doing the wrong thing.

    Mindset

    First of all, you don't want to spend tonnes of tonnes of time "researching". In fact, 99% of your "researching" is actually just procrastination.

    This post will give you everything you need to pick your niche; you don't need to read countless articles, you need to start taking action. If you dive into a niche and then after a couple months realize that there's a better one out there for you, then that's fine - you'll be able to pivot to a new niche and bring all the skills that you learned in your old niche with you.

    The very first niche I entered was "Stoicism"... Yup, I talked about ancient philosophy. Unsurprisingly, that wasn't the best niche for me and I've now pivoted into the "helping people become fulfilled by creating profitable online businesses" niche. But the thing is, I would never have found this new niche if I hadn't got started.

    Now, on the other camp is the people that don't do any research and just dive in and start "following their passion". Later in this post, I'll cover why you don't want to do that, and how "following your passion" is actually just 1/3 of the equation.

    Now, let's get onto the physical techniques that you can use. You're going to need a pen and paper or at least a place to write down your thoughts as you go along this specific process.

    Step 1: Passion

    You're going to want to do something that you enjoy doing. Not become of magic or some wishy-washy reason, but because a) without passion, there's no way you'll stick through the boring/hard parts and b) because it'll make the whole process a lot more satisfying.

    So, how do you find all of your passions?

    1a) Answer these questions.

    Answer the following questions to come up with a list of 10 (or so) areas that you are passionate about.

    • What experiences have you had that you attach a lot of meaning to?
    • What area do you think you'd be happy spending years building a business, creating content etc?
    • What kind of things did you enjoy doing as a kid?
    • What kinds of things do you like learning about?
    • If you wanted to become the best in the world at something, what would you pick?
    • What types of things do friends, colleagues, or family usually seek your input for?
    • What is a problem that you'd love to fix?
    • If you didn't have to worry about money, what would you be doing?

    Hopefully, these questions will get you started on thinking about your passions. Take a couple minutes now to think of any other passions that you missed after running through these questions.

    1b) Past Jobs

    1. Write down every single job you've had in your whole life - from the paper round to your current job.
    2. Now, next to each job, rate the job from a 1-10.
    3. For each job, write your favorite part, and worst part of each job.

    This will start you thinking about the themes of work that you enjoy

    1c) Your Problems

    Go back in time and try and visit all of the times that you had a serious problem, or all the problems you currently have.

    The more serious the better.

    Here are some examples:

    • Did you use to have social anxiety?
    • Do you wish you could find the perfect niche for you?
    • Do you wish you had a steady income?
    • Do you wish you had more time?
    • Do you wish you didn't grow up with argumentative parents?
    • Do you wish you were a little bit healthier?

    Come up with a list of 10 or so problems that you've been through or are currently going through.

    What you need to understand is that your problems are probably the same problems that many other people are facing. A "problem" niche is just as powerful as a "passion" niche.

    After you've come up with a list, draw a star next to any of the problems that fit any of these three points:

    1. You've now solved this problem.
    2. You'd be interested in helping other people solve this problem.
    3. You are still going through this problem, but you'd be interested in documenting your journey in overcoming it.

    Any problem that fits one of these criteria will make it valuable to your People (More on this later).

    1d) Find Themes

    Now go over the first three action items and look for similarities or "themes".

    For most people, this is quite a difficult step but stick with it. You'll see them eventually I promise.

    Do your best to come up with 3-5 themes, even if they are super faint and kind of abstract.

    Great, you've now got a list of 3-5 'passions'. This is where most people stop their research. But I promise you, this will lead to failure. Passion is just 1/3 of the equation and if you don't consider all 3 Ps, you will fail. Period.

    Reminder: Step 1 was P assion

    Step 2: People

    It doesn't matter if you think that your business idea is the best, it's the people in the market that will control your success or failure.

    Luckily, thanks to the internet, it's not easier than ever to see if people are interested in the kind of business you are thinking about.

    2a) Amazon Kindle Bestsellers

    If people are spending money on buying books in an area, this tells you two things:

    1. there are people interested in this topic
    2. people are interested in paying (some) money to learn more about this topic.

    These are both good signs.

    Head on over to the * nonfiction Amazon Kindle Bestseller* list. If you are from outside of the US then go to the .com site because this has a more comprehensive list than all of the others.

    First, look at the categories of books on the left hand side. Find the ones that most closesly link to the list of themes you came up with in 1D.

    But don't stop here - go deeper into the sub-niches. In fact, go as deep into the tree of niches as you can. When you're just starting out you want to place yourself in the smallest subniche possible. The smaller adn more targeted the niche - the lower barriers to entry.

    Instead of talking about "business and money", go down into "investments" and even further into "bonds".

    Once you get as deep as you can go into the niches you're interested in, scroll through the bestselling books and see what kind of topics they're on.

    Do you think you'd be able to create similar content or products as the books that people are interested in?

    2b) Clickbank

    Clickbank is an affiliate marketplace. If you can find an informational product that's selling well and is close to the niche you are researching then this is a very good sign as it shows people are very interested in this topic.

    So, head on over to Clickbank.

    Then scroll through the categories on the left-hand side. Make sure that, again, you don't go into the broad niches - instead, go into the sub niches. Once you have found the niche that most closely resembles your niche, click into it and then "sort by popularity".

    Take a look at the products and see how well they are doing. Do this for every niche you are considering entering.

    If you can imagine selling a similar product, this is a very good sign.

    2c) Google Ads

    If advertisers are buying ads in a niche, there's money to be made.

    Go to Google and type in a few searchers that you think the audience of that niche would search. For example, in the "male weight loss using calisthenics" niche, they may search "how to lose stubborn belly fat".

    If, at the top of this Google search, there are adverts then you must view this as a good sign. Often times when I walk a client through this process they say "oh no, there are competitors" but this is a flawed way of thinking. Instead view it as: "oh yes, other people are making money that means I can too!".

    Reminder: Step 1 was P assion

    Reminder: Step 2 was P eople

    Step 3: Profit

    Great news, we've pretty much already covered this P in the "people section". When you enter a new niche, you'll either be creating products, or selling othre people's products.

    By going through Amazon and Clickbank, we've now identified that there are both physical and information products that can be sold. But it's even better than that - you can become an affiliate to both Amazon and Clickbank, so you don't even need to create a product to get started!

    RoundUp

    By now you have found a good niche for you. We've done what we said we would do! Great!

    Now, in most posts like this one there's a call to action: buy my product, or sign up for my newsletter...

    But I don't want that from you. All I want is from you is to head on over to my profile and click that follow button.

    That will put my posts into your feed whenever I post.

    And over the next few days, I'll be walking you through the fundamentals of starting an online business. Just like this post, but on different topics.

    The fundamentals, that every business needs. No "shiny objects". No pitches to my course.

    If this sounds interesting to you, head on over to my profile and click that follow button.

    Final Word

    After you've done that, I have one final P for you: PICK THE NICHE TODAY AND GET STARTED.

    You've now done all you have to - the next step is to go into that niche! Start producing content, start building your business, start making money, start impacting people's lives, just start.

    Even if you pick the wrong niche that's okay. Most of the skills you learn in a niche can be carried over to all the other niches.

    Hit me up if you need any help - I live to serve you.

    -Andrew

    submitted by /u/kibbehorh
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    What Missionaries and Cannibals can teach you about running a business that nobody ever told you

    Posted: 07 Jun 2018 05:10 AM PDT

    In 2004 Christoph van Nimwegen a cognitive psychologist at Utrecht University began a series of simple but highly revealing experiments to discover what kind of behavior leads to expertise.

    This experiment is highly relevant to your journey as entrepreneur, freelance, or even just a human being.

    The experiment had two groups of people play a computer game based on the the classic logic puzzle called Missionaries and Cannibals.

    The Game:

    Maybe you've tried this one before.

    The Missionaries and Cannibals Puzzle

    There are three missionaries and three cannibals on the west bank of a river. There is a boat on the west bank that can hold no more than two people. The missionaries wish to cross to the east bank. But they have a problem: If on either bank the cannibals ever outnumber the missionaries, the outnumbered missionaries will be eaten.

    Question:** Is there a way for the missionaries to get their wish--to get to the east bank without losing anyone?**

    You can try the game for yourself if you google for it. It's not very difficult but requires some try and error in the beginning.

    In Nimwegen's experiment there were 5 blue and 5 yellow balls.

    To "win" this game you need to figure out the series of boat trips (sequence) that will allow you to win.

    This requires some sort of planning and strategy.

    Would you want a computer to help you? Think carefully!

    One group worked out the software that provided step-by-step guidance, offering for example which steps are allowed and which not.

    The other group got no help at all and had to "figure it out".

    *As you can expect, the people using the software were much faster! *

    So if you choose to get help from the computer! Wise choice!

    But wait. The experiment did not only last a single round.

    It was about building expertise.

    After playing multiple rounds of the game the people who "figured it out" were much faster, made fewer mistakes than the group with the computer help.

    Think about this when you are looking for an app that will help you and even before you ask somebody for help on this forum. Are you able to figure this out yourself?

    Even this might require a little bit more time in the beginning?

    Ray Dailio takes about this in his books Principles.

    As a successful entrepreneur you need to take second and third order effects.

    Using Ray Dalio's Principles: What's the 3rd order effect of this experiment?

    I think you got the point but there was even more revealing about this experiment for your entrepreneurial journey.

    Eight month later the same participants were asked to do the experiment again.

    The people *who had to figure it out, were about twice as fast as their counter parts. *

    Using software programs in your company

    Be careful about the software you choose to use in your company for recurring tasks.

    Always start with simple tools like Word and Excel, email before you start using software to streamline the task!

    Get a real good understanding of what it is that you are actually trying to accomplish.

    You would not believe how many successful companies there are that basically just relay on excel (or Google Sheets) and email and the program of their choice.

    After studying some of the most successful online companies and "gurus" who are clearly successful that was quite revealing to me.

    On the other hand. Especially if you are a solopreneur and working alone. There is no point in being good at everything.

    For example I suck at design and don't have the means yet to hire someone with great graphical knowledge so I still keep the software that I bought on appsumo for this.

    But if I've wanted to get good at Facebook advertising and develop skill there I better start with using their platform instead of using a service like Adespresso.

    As I am writing this I just returned some of the software I bought recently. :)

    The Bigger Picture: What can we learn from this on a greater scale for building a business?

    This is the most important part of this article. Especially if you are just starting out. Don't look for the easy way to make money online. There is already plenty of competition.

    Take your time and develop expertise.

    Take your time to "figure things out".

    This is not only much more rewarding for yourself as you are building true competence. It's also good business advise.

    This is even more important if you look at what niche you want to be in

    This get's even more important if you look at what niche you want to be in because the 80/20 principle is everywhere and rewards are disproportionate.

    This is especially true if you want to build some kind of expert business because doing the same things that everybody else does will get you nowhere!

    The best spot's are already taken.

    To illustrate this point I created an example.

    Let's imagine a small niche with 100 bloggers making a turnover of 5 Million USD/year

    That would mean the best blogger would have an income of about 713,000 USD/year and the least poplar blog would make about $13,000/year.

    ![](https://images.airstory.co/v1/prod/i15283617879ce8dec6-0d96-4d81-b3cf-9d67cec6d13e/untitled.png)

    However we look at the reality in the internet it's more like a 95/5 distribution, which looks like this:

    ![](https://images.airstory.co/v1/prod/i1528361797ed7a9601-cd35-48f9-8cec-65aef36fe6ad/untitled.png)

    The best blogger would make almost 1 million USD/year.

    Of course this is just a fictional example but I hope you get the point. When you start a business don't do what everybody else does.

    You want to be #1 in your niche.

    This requires figuring it out and most of the time "creating your niche".

    Of course you can and should use best practices of how you should run a business.

    But when it comes to creating your product or service you don't want to be #85 because in this day and age the winner takes it all.

    What if you are just starting out?

    Don't start an online business!

    Really. This is hard. To hard for most, when you are just starting out.

    There are too many things to learn and handle at once.

    Start out by building a core skill first and get paid for it.

    One of smartest moves I've experienced was from someone in a Facebook group I've been part of.

    Both of us have been an early user of Kartra, an awesome-all-in-one solution that I use to run my online business.

    They launched a few weeks ago.

    Before that launch she was trying to build a business in the "mompreneur-space". A very crowded business already.

    Instead she decided to become best at this new platform for internet marketers.

    She offered to help everybody in the group for free building her expertise, know when the platform would finally launch, there would be huge demand for people knowing how to handle the platform.

    When the platform finally launched attracting 1000's of customers she was the most known expert in the Facebook group giving her instant credibility. Afterwards she could charge 4-figure retainers for helping other people moving their business to the new platform and integrating it into the existing webinar platform called webinarjam.

    She took the time building expertise in an area that's in high demand and changed from the guru space into an agency model.

    There was basically ZERO completion when she made that move.

    That's just a small example.

    PS: If you want to see this post with the pictures of the 80/20 curves you can view it on my blog here

    submitted by /u/Martin_Boeddeker
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    Well, I did it.

    Posted: 06 Jun 2018 04:40 PM PDT

    I did my first round of cold calls and cold pitches for a wholesale/manufacturer product sourcing company I am starting.

    Even though I only made it to 6, all 6 talked to me for a bit, exchanged business cards and info, and a few even gave me lists of inventory they were short on!

    I know it may not be much, but shit does it feel good to finally be in the game.

    You won't go far in business if you don't actually pound the pavement and get shit rolling. Sitting behind a computer hoping someone buys a line by line copy of an Aliexpress listing isn't going to accelerate your business or dream to the place you want it to be.

    Get out there yo.

    submitted by /u/Dreezy523
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    Liquid Nitrogen Puffs

    Posted: 07 Jun 2018 11:55 AM PDT

    I was recently at a mall and saw a kiosk where they sold "dragon breath" it got me very interested and i'd like to know how i can begin doing something like this. I've used google but i'm having trouble finding out the facts, it doesn't look like its a franchise, nor does it seem trademarked? Is it as simple as getting the proper machine, utensils, and space and just making a new name? Please help!

    submitted by /u/drylipsandchapstick
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    Looking for co-founder from US, I am a web developer and have a finished product

    Posted: 07 Jun 2018 01:53 PM PDT

    I am looking for someone from US who can help me, I have a finished product/business concept and I need someone to be able to reach out to partners in the US. My business doesn't require any investment or something like this. Just a partner who is interested to put in the needed work to get it running with me.

    submitted by /u/Max-20
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    I will work for you online.

    Posted: 07 Jun 2018 01:11 PM PDT

    I have knowledge in photo/video editing, programming with python, app development for android, web design, music production. I am fast, and excellent at multi tasking. I am the worst perfectionist you will ever meet, I literally get pissed off when something is out of pattern or details do not go well together, I am fast at researching stuff, I can do any type of online work.

    I am 18 almost to be 19, I speak Croatian, English and German, just ask me if you want to know anything more.

    I wilk work any type of online work for you, I am desperate. I have to move out for the sake of my mental health, this is a cry out for help, seriously, I spend these hours killing it in school at work and extra job I have every saturday, I still somehow manage to work out here and there, and on top of that, I am hustling my ass off every day working on my websites so I can finally start selling them, but I need fast money now, I can not wait anymore, I live with my narcisstic manipulative mentally sick rat racing dad and his clone wife who happens to be my step mom, a fucking witch, I can not do it, either move out within 3 months or suicide I am sick of this

    btw i tried it all, shopify 9 times, appen, lionbridge, mturk, teespring, dropshipping services even that, fiverr, I need money

    submitted by /u/chosenrationality
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    As a programmer, should I partner with a marketer or build and sell my own stuff?

    Posted: 06 Jun 2018 09:44 PM PDT

    EDIT: No idea why this question would be downvoted as seems quite relevant to entrepreneurialism? If someone can shed light then please do!

    Just a brief background to give context to the question - taught myself web development 8 years ago. Spent first 5 years on freelance websites and then walked into a full-time dev job which lasted for 3 years. I quit that 7 months ago and returned to contracting which I do part-time and moved to Thailand. I now have 30+ hours/wk and am about 3 months into building my first, boring, validated product. I can sustain myself with part-time contracting for the foreseeable so have no urgent needs.

    Before I got into programming and during my earlier years I spent a lot of time around marketers so have quite a bit of background knowledge on that (helped build plenty of marketing software which required such knowledge). I'm willing to cut off programming in favour of sales as I understand my business largely relies on it.

    However, have had this thought recently that I could perhaps shortcut a lot of stuff by simply partnering with a marketer and at least getting my foot on the ladder a lot sooner than doing everything myself.

    Thoughts? Would you advise somebody do it all at first as a kind of learning experience THEN partner when they know what to look for in a partner?

    submitted by /u/Psychocist
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    Self Storage

    Posted: 07 Jun 2018 04:54 AM PDT

    Anyone here in the self storage game? A friend and I are about to purchase a 12k sqft building and convert it into units. 5k sqft downstairs for vehicles and boats and then 4.5k upstairs built out into 5x10 and 10x10 units with more space outside for rv's and sailboats.

    Looking for critique, success stories, failures, ect. We will have a 115k mortgage at 3.65% for 15 years with no early repayment penalty.

    submitted by /u/curatormaine
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    Help me out choosing a company name!

    Posted: 07 Jun 2018 02:35 PM PDT

    Hi there!

    Im starting a small digital marketing agency, I already had a name (which I thought was really cool) but as soon as I searched online, I saw that there were 3 more companies with the same name located in other parts of the world, not my country but still.

    So, help me out, should I keep my name "locally" or should I start thinking on another name?

    Thanks!

    Sorry for my english, is not my first language

    submitted by /u/SR_BANANA
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    Please evaluate my Real Estate / Drone business idea

    Posted: 07 Jun 2018 12:38 AM PDT

    Disclaimer: This might already be a thing in bigger countries, but where I live (Hungary), I have not seen any major agency doing it.

    Real Estate advertisements have not changed a lot in the past few years in my experience. Yes, there is Facebook and you have Facebook ads, which makes it easier for agencies to find a buyer, but at the end of the day, the advert itself is all the same as before: some images of the house, a floorplan, and of course the details.

    What I found is that people are more likely to visit tourist destinations, cities that are teased with a video or images that were captured by a drone from a perspective that you are not likely to be in unless you fly there with a helicopter (which I do not believe to be likely).

    Point being, I believe that there is a psychological reason why people find images/videos taken from up high more appealing, and therefore they are more likely to be interested in the subject as well. Now my spin on this story would be real estate advertisements. Obviously, this does not work with flats/apartments, maybe if you want to showcase the view, but any other type of real estate is good.

    The business model is simple: 1. Contact real estate agencies in my area 2. Try to convince them that this will make a house more likely to sell 3. If they agree, take a few pictures and maybe a video with my drone 4. Edit the images and the video, have them upload it to their ads

    Now I would like to ask a few questions: 1. Does this idea have any viability? Maybe it just sound good in my head but is a terrible idea in reality. 2. If yes, which model would be better? Get a commission after each sale they make, or have a fixed price on images/videos? 3. I know how to fly a drone but I do not own one at the moment. Would it be worth making an $500 investment? 4. If still yes, what other areas could I expand to? I know my way around Facebook ads and can make a very appealing website, so marketing would be no problem.

    Also, if you have any other advice on this matter, I would be more than grateful to hear it.

    Sorry for the long post and thank you for your comments in advance!

    submitted by /u/barnipro21
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    Expanding a copywriting business

    Posted: 07 Jun 2018 02:12 PM PDT

    Been doing freelance copywriting on the side for 6 months, mostly SEO blog posts, website copy & product pages. But struggling with an issue of how to "scale up" my services.

    I have hit a wall on pricing, where people consistently only want to pay me $50-60/hr max for my work, though I think my professionalism, speed, quality and customer service is worth more (all things I push in my marketing).

    But I can kind of see my clients' point: many are startups or small businesses, and the thought of blowing $400+/month on blog posts that may generate leads doesn't make much sense. Plus, it's sometimes hard to quantify results on the analytics side in a way that I think will resonate with business owners... I don't have access to any of their analytics a lot of the time to gauge results.

    Question is: am I not marketing myself to the right niche/clientele to get higher rates? One option it seems to me would be to target bigger companies, with potentially longer term contracts.

    Another way to go: expand my offerings to other services as well, like sales pages, social media management or PPC, where conversion is much more black and white and I can build a stronger jusitfication for higher rates. The thought of doing PPC appeals to me because it seems more "scalable" and less of a grind than writing articles all day.

    Anyway, any help would be much appreciated. Thanks!

    submitted by /u/dfefed325
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    free 5 courses for you to start.

    Posted: 07 Jun 2018 05:21 AM PDT

    Update on newly launched website

    Posted: 07 Jun 2018 01:59 PM PDT

    Www.wardrobesdirect.com.au

    Well it's been about a week since I launched and things are looking on the up.

    I hired an agency to oversee SEO for my site and have started running fb ads.

    A good response to the ads ($20 spend a day) not much but plenty of hits from it. Averaging 100 landing page views a day. As of yet there is no sales but again I have only had the ad going for 3-4 days.

    I am getting phone calls from small builders enquiring on ordering and a lot of interest from transportable homes companies. So a lot of interest via phone calls with some clients already stating they will order this week. Woohoo!!!

    It's a good feeling to start moving forward with all the work I've put in over 2 years. Draining my bank account to fund it and living on no money Stresses me out so bad but with little steps forward like this it reminds me why I'm doing any of this.

    Working for myself and becoming a money generating monster and the freedom... my god the freedom.

    I also am getting great responses on a lead gen ad for our local service business. Averaging 4-5 leads a day on $10 spend daily.

    I'm starting to realise what makes a good ad for my area of business and the more no nonsense I make it the better the result.

    I see ads always wth tons of emojis or no clear pitch of wtf the company does or it's super vague.

    "Write the way you talk" David Ogilvy.

    It's so true. Mine states our pricing (a starting price example) our turnaround time from payment of order to receiving order and benefits.

    Everything I would say when meeting in person for a quote. I don't use elaborate words because it comes of as being sold to and no one talks like that.

    Less is more.

    Also the picture is SO important to making a better impression.

    USE GOOD PICTURES!!!!

    Our best pictures for ads usually include ourselves with the product and a customer. Or us installing with the customer observing. It's massive social proof and works really well.

    Anyway I will Lee updating how I do with the online store and how my advertising goes.

    submitted by /u/Nawchillout
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    Task Management system

    Posted: 07 Jun 2018 07:36 AM PDT

    I know it's a very crowded market but I am planning to develop a Task Management system website (focusing on desktop to begin with). The first reason for this is that I would like to organise myself in the most optimal way. No current system (or to-do list) has covered what I personally require so far. As a bonus, I plan to put the platform out to the public as I am sure others will find it useful. Then if I'm lucky, it may turn into the next Wunderlist or Todoist.

    Task Management is an important part of any business so I am sure there will be some great insight within this sub. So my questions are:

    • What Task Management system(s) do you use?
    • What frustrations do you have with your current system?
    • What new features would you love to see in a Task Management system?
    submitted by /u/reddit_____
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    Psionic

    Posted: 07 Jun 2018 01:32 PM PDT

    Hello, I have created a small apparel and game developing company (Psionic) located in Cincinnati, Ohio. I have created this comapny with 0 funds and I am looking for investors and/or donators. If you want to donate I will leave my PayPal email below, and if you are interested in investing or partnering there will be other contacts below.

    PayPal/Contact Email: theweirdguys2@gmail.com

    Discord: PsionicDoggo#7071

    I look forward to having business with you.

    If for some reason you can't contact me on one of the 2 resources but would still like to contact me then you can dm me on Reddit and we can figure out from there.

    Thank you for your support!

    submitted by /u/PolarNomad
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    Looking to purchase surplus inventory.

    Posted: 07 Jun 2018 09:44 AM PDT

    Hello I am looking to purchase surplus inventory. It does not matter what the product is as we will take a look at it and make a decision on whether or not it is a good fit for us. Any suggestions?

    submitted by /u/samjsmith114
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    50 to 100k for a business. Any ideas?

    Posted: 07 Jun 2018 09:38 AM PDT

    Thinking of opening something in Vegas and besides F&B, I'm coming up with a blank. Any ideas?

    submitted by /u/Nickamin
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    Sole proprietorship

    Posted: 07 Jun 2018 08:59 AM PDT

    Hello, I'm looking for practical advice on how to manage myself and my new sole proprietorship.

    I'm a mixing\recording engineer. I've started renting a space and growing my business and practices but I'm still very new to handling my finances and realizing the best way to manage a sole proprietorship. I feel for now being a sole proprietorship is my best option.

    I typically record and mix for friend's bands, friend's of friend's bands, and some clients via craigslist and reddit.

    I'm looking for advice\discussion on how to best handle myself and any advice no matter how simple is welcome!

    Thanks in advance for any feedback.

    edit: I'm in PA

    submitted by /u/username2065
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    Doubts about franchising

    Posted: 07 Jun 2018 06:32 AM PDT

    Hey everyone!

    I'm thinking about opening a service franchising in the third or fourth quarter of this year. In a couple of weeks I'll be going to a franchise fair to broaden my knowledge and look at some opportunities.

    So what are the basics and the key points that I should know before I jump into this.

    Is there any article that I could read and educate myself about it?

    Edited for clarity.

    submitted by /u/Gabrielcast
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    How do I convert Instagram followers to customers/traffic?

    Posted: 06 Jun 2018 11:42 PM PDT

    I've been building a drone photography sharing community on Instagram. Completely powered by the audience, people send me picture, I feature them on my page, simple. The community is specifically targeted towards DJI Drone owners, like the Mavic, Phantom, Spark, etc.

    I've been growing it for the last couple months and I've recently reached 10K followers, and a very engaged audience. So, how do I convert that audience into customers, or indirect customers? I've been working on creating an Unsplash style page but for drones. Haven't done much advertising other than have it in my bio. Get a few visits per day, 5-6 signups a week, but nothing major.

    Should I continue to grow this community (Unsplash style page), and generate ad revenue? Or should I go towards a store style where I sell accessories for drones? (Considering taking a social enterprise direction, to help improve air quality) Or maybe even a blog? I want to also provide some value to the user as well, can't expect people to just start using a new tool/website. Any suggestions on which route to approach?

    Let me know if you guys have any additional questions or information that I might have missed out on to help get a clearer understanding.

    Thanks in advance!

    submitted by /u/VuduDesigns
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    Dying E-Commerce Site: Need Advice on Turning Into a Nonprofit, Marketing, and Partner Issues

    Posted: 07 Jun 2018 12:03 PM PDT

    Here's some background about me: last year by myself I built a dropshipping e-commerce site selling fidget products that I made like 500$ in a month on, till the fad died out. I did all the social media, marketing, website building, and talks with the person selling them. Now I got a new website going called darevoyage.com (feel free to give me advice on how it looks / products / anything will help actually).

    So I'm essentially paying 30$ a month to Shopify for the past 6 months and haven't sold anything due to these reasons: I haven't marketing anything. I'm using affiliate marketing through Instagram affiliates, however not a lot of them respond, in fact in the past 2 months I've only sent out one free swimsuit to a girl with 100k followers that she is posting this weekend. The system I'm using is giving them 10% of the profits and a 15% discount code for the followers so when I sell a swimsuit I make about 40$ - 25% - cost of the suit so about 20$.

    I don't really care about making money right now I have a really good summer internship, tuition payed for by another internship, housing payed for through another job. But because of those jobs time is a concern, would making my brand centered around donating all profits to charity help me (1) gain more sales, (2) easier access to influencers (they think they're doing something good / better their image and thus be more responsive to me) ?

    The last part is I started this with one of my friends who's a great dude, however in a way holding me back and I would sometimes rather do this by myself. It's like a cycle of he's not putting in that much work, why should I? I set up the website, social media, messaged affiliates, etc... I asked him to keep messaging affiliates like 3 times and he never does, he set up the swim suits from oberlo on the page after a week when I had the other 3 sections done in a day. I don't know I just want to do this by myself without hurting his feelings or having to start the website all over on my own.

    TLDR; started a swimsuit/leggings e-commerce site, want to donate all profit to charity to increase visibility / easier marketing, partner doesn't put much work in so I don't want to either.

    submitted by /u/ShadowSlick
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    Small loan from a friend, how to treat it?

    Posted: 07 Jun 2018 08:09 AM PDT

    Hi guys, I hope I don't waste your time with this question and that we are able to help others like me with the same question!

    I started a company (in the US) and took two loans from two friends, one for $1K and one for $5K. It was initially going to be equity in my company, but they are not accredited investors, so we settled for royalty payments over time. Basically, I would pay them back 3x on their investment over time with the cash flows I'm generating. How should I treat this for tax purposes? Can I treat this as a loan with a high-interest rate? Is this even legal seeing as they are not lenders nor are they accredited investors?

    Any online tools I can read? Tax lawyers and accountants are expensive!

    Thanks!

    submitted by /u/Dis-entropy
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    Require Suggestions

    Posted: 07 Jun 2018 11:53 AM PDT

    I am Mechanical Engineer, recently graduated, wanted to start a business. I was looking to start making of ebikes may be profitable business.I was thinking about it from a long time. But I having doubts in my mind ,will it run good and also i haven't any experience about it. I reqire some suggestions on this. What should I have to do? I have also prepared design for ebike. Any one wanted to become partner, who is willing to do it are welcomed. I think at least i will get better suggestions.

    submitted by /u/redit18
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