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    Tuesday, July 10, 2018

    Marketplace Tuesday! (July 10, 2018) Entrepreneur

    Marketplace Tuesday! (July 10, 2018) Entrepreneur


    Marketplace Tuesday! (July 10, 2018)

    Posted: 10 Jul 2018 06:05 AM PDT

    Please use this thread to post any Jobs that you're looking to fill (including interns), or services you're looking to render to other members.

    We do this to not overflow the subreddit with personal offerings (such logo design, SEO, etc) so please try to limit the offerings to this weekly thread.

    Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

    submitted by /u/AutoModerator
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    Any post on this sub that reads "$12k/month" or "$50k/month" or $whatever k/month is an advertisement and extremely annoying. Do not fall for their shit, and do not feed them with your comments and praise.

    Posted: 09 Jul 2018 06:38 PM PDT

    Obviously there are those few exceptions that are actually real people who make real money... But the majority are not. We have to remember that Reddit can be used as a free marketing platform. But these types of posts, whether it's beard oil, t shirts, or whatever... They gotta stop being upvoted by everyone.

    They aren't helping you and/or your dream to become rich. We have to stop saying "whoa! $15 thousand dollars a month?? I want that! Upvoted!"

    I've been on this sub a long time and there are some real genuine people here... But we have to weed out the bad ones, and not fall for all the shit.

    submitted by /u/helloyesnoyesnoyesno
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    Bored, Help

    Posted: 10 Jul 2018 11:00 AM PDT

    I'm not even sure if this is the place too come or how friendly this community is but I'm just going to say this, I'm bored. I'm 25 years old and I work a 40 hour per week office job. I literally get paid pretty well to do absolutely nothing. I spend my time trying to not be bored/ watching tv shows on Netflix to make the time go by faster. I need to something to do and I really want to start a business but I literally have no idea what to do or where to begin. What do I sell? What do I do? I'm lost and bored and could use some guidance of what I could do with my time while I'm at work. I'm not exactly looking to steal someones niche but some advice would be useful. I'm not rich but seed money is also not the biggest issue either. If anyone has tips or what not please share. Thanks for your time!

    submitted by /u/25bruin
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    Construction Company names

    Posted: 10 Jul 2018 01:40 PM PDT

    Would 'Picturesque' work as a name for a construction firm? Working on Private houses, extensions, new builds, renovations etc..

    submitted by /u/Citybytheseaside
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    Need Advise on Starting a Food Product Business

    Posted: 10 Jul 2018 01:38 PM PDT

    Hi Everyone,

    I came up with an idea for a food product that I am interested in pursuing and am seeking some advice.

    The product itself would not be created from scratch. It would contain multiple different products that would be put in a package and mixed around. This product would be focused on selling to a niche market that I really think I could gain some traction, with the right branding and marketing.

    To start this sort of business I had some questions:

    What kind of business should I file?
    To begin I am interested in doing product testing. I would like to get a proof of concept before dumping a lot of money into forming a business. I have read that to begin I should start with a sole proprietorship and after getting my proof of concept I should form an S corp or LLC. (I do not plan to add any business partners to this venture)

    What do I legally have to do before selling the food?

    I'm not sure what to do because I am taking multiple existing products, mixing them, and repackaging them. Since I am doing this, I do not know if I can take the nutritional information I already have for the products and creating my own label or if I need to send it in to have the FDA approve and label it.

    The product also contains allergens.

    Do I need to rent a commercial kitchen?

    A few different sources have informed me that I need a retail space to create a food product. I am not cooking anything, simply taking my different ingredients and putting together in a bag.

    If you can answer any of these questions or provide any additional information that you think might be helpful that would be great!

    submitted by /u/tanner828
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    Presenting your product to a "big player" company for sale

    Posted: 10 Jul 2018 01:19 PM PDT

    Hi guys,

    I recently created a small little online shop that sells phone cases that are focused around food, using fun and colorful designs. I've gotten orders from bakeries, cafes, boutiques, requesting my product, which has made some profit. I wanted to know if anyone had ever contacted a Best Buy, Target, or any big box retailer about selling your product in their stores.

    If you have done it, how did you do it? If you haven't, what's the best way of doing it? besides just sending e-mail presenting your product, etc.

    Any advice would be greatly appreciated!

    P.S.- I also realize if it were to happen, the order qty would be much bigger, but I'm positioned to fill larger orders too.

    submitted by /u/andrestorres1216
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    How much do you charge for website design and marketing?

    Posted: 10 Jul 2018 01:15 PM PDT

    Hi,

    I just recently started my own business on the side developing websites and digital marketing.

    I have only had two clients so far in the 3 months I have been doing it. Didnt do anything for first month other then build my own website.

    Client 1,

    Complete custom website redesign, seo optimization, performance optimization, content management system, blog system, content upload (images), business ssl, google analytics and search console. Logo redesign (optimized).

    I told him I would do Google Adwords for free. (I was new to it and it was learning experience)

    Total: $5,500 (time to complete: 1 month)

    Client 2,

    Complete website redesign, seo optimization, performance optimization, business ssl, analytics. Logo redesign (optimized).

    Total: $2,000 (time to complete: 2 weeks)

    The reason I ask is because I am not sure if I am highballing or lowballing. I see people on freelance websites making websites for as low as $200-400 which makes me feel like I am overcharging. I am worried I might lose potential clients because I am overcharging.

    How much do you charge for website/software work?

    submitted by /u/UnFukWit4ble
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    Client is selling online, but would like a presence in retail stores. Advice??

    Posted: 10 Jul 2018 01:12 PM PDT

    I am working for an ecommerce business averaging about $5k in revenue per month. They'd like to partner with a couple of local brick-and-mortars to boost our visibility through cross-promotion.

    My client is really stuck on the idea of essentially drop-shipping with local businesses. They want to place a floor model in the store and have the business send them shipping information to send out the orders.

    The problem is, they'd have to come up with wholesale pricing to do something like this, but it's an online business and we're already selling at a lower rate than what you'd pay in a physical location.

    Have any of you started out in e-commerce and started distributing through a brick-and-mortar business?

    In my opinion I think he'd be better off trying to run a cross-promotion with discount codes or a contest in partnership with one of these businesses. What do you think??

    submitted by /u/dominokitty
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    Client owes me £40K and wants more work done.

    Posted: 10 Jul 2018 04:19 AM PDT

    Looking for some advice on how to deal with this, I've had non-paying clients before but not on this scale. I run a really small video production company and a recent client is refusing to pay-up before they get paid off their client and they have 90 day payment terms, immoral but regularly done I'm sure.

    I like working with them and they clearly like my product, but this is really making it hard to deal with them.

    I genuinely believe they WILL pay, but have no confidence that it will be anytime soon. They have already uttered mentions of a payment plan - no thanks...

    Any tips on how to deal with this - there is no way I'm doing any more business until their account is cleared. I don't have the capitcty for this to happen again and it has already effected my plans.

    By business advisor has previously suggested going to their end client and explaining why you cannot deliver any future work. This is a pretty aggressive tactic and would ruin all chance of future business with this agency.

    I just want them to pay up and we can move on. In future they will have to pay a huge deposit :(

    Any comments fully appreciated.

    submitted by /u/Mossmad
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    20 years old and ambitious

    Posted: 10 Jul 2018 12:59 PM PDT

    As the title says, I'm 20 years old and have wanted to form my own business for a few years now. I have very few talents and my interests mostly lie in technology and computers. What I'd really like to do is build computers but that is something that many people are already doing. Is there any advice that you all would give me? If it helps, I'm currently living in Vermont.

    Edit: I'm currently working at a retail store that's aimed mostly at tourists. It's pretty awful if you ask me.

    submitted by /u/Dogrules23
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    Pop Up Shops? Anyone have any input or advice?

    Posted: 10 Jul 2018 12:51 PM PDT

    Has anyone successfully created a pop up business?

    How do you advertise?

    submitted by /u/hap_hap_happy_feelz
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    Importing goods from China to UK

    Posted: 10 Jul 2018 12:48 PM PDT

    Hi,

    I'm wondering if anybody is familiar with the process regarding shipping plastic bottles from China to United Kingdom. I tried to speak with the live chat support on gov.uk who in all fairness was probably fairly helpful but I just really didn't understand much of what they was saying.

    Ultimately I want to know how much it's going to cost me for a shipment of 250 bottles (It'll be around 17-20 boxes) to go through customs and what fees to expect so I can try and work out costs/profit.

    Really appreciate any advice and information

    submitted by /u/Astra_d
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    Amazon Delivery Business

    Posted: 10 Jul 2018 12:35 PM PDT

    Amazon recently announced a new delivery business for entrepreneurs. https://logistics.amazon.com/

    Opportunities

    Low Startup Costs: $10,000

    Annual Revenue Potential: 1M - 4.5M

    Annual Profit Potential: 75K - 300K

    When you first look at this it sounds like a great opportunity. 10k to get your own business off the ground isn't that bad. When I started actually looking into the details I saw a bunch of red flags. 1st off you are a contractor of Amazon while your team members are employees of your company. The 300K potential profit per year is based on 40 delivery trucks. If we break that down per truck it looks like this.

    Each Truck / Per Year: 7,500

    Each Truck / Per Month: 625

    When you just start off you would start with 5 trucks. So for 10k down and 5 employees you could potentially earn 37,500 in your first year. When you do start to grow and blow up to managing 40-100 Employees you could expect to earn around 300K and my guess is this is before taxes. They also do mention what the drivers make which my guess is in the neighborhood of minimum wage and if thats the case I would expect higher employee turnover.

    Who on earth thinks this is a good business to get involved with? Maybe I am reading into this wrong but I just thought I would post this and get your thoughts.

    submitted by /u/therealdanvega
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    Selling a real non-scam website on Flippa, so yes Flippa haters, I guess they do exist..

    Posted: 10 Jul 2018 12:33 PM PDT

    I've read the assorted 'flippa is a scam' posts, but when it came time this week to sell my small amazon review site it really was the best option. Their is no other major player in the space for small (under $500 revenue) websites.

    So yes they do exist, though perhaps not all that common. I will say though that the two sites I've bought on flippa have both paid for themselves in 12-15 months. and with only two purchases I'm clearly not an expert, so it can be done.

    I bought this as a kind of proof of concept for me, now it's time to make money for someone else. (for the curious only I'll PM you the flippa link)

    I kinda wonder if people bashing Flippa are the ones making money at it, and telling everyone it's impossible.

    submitted by /u/Kurt_Perschke
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    Commercial Kitchen - but Store in Home?

    Posted: 10 Jul 2018 12:18 PM PDT

    Is it okay (legal) to make food products in a commercial kitchen but store the prepared food products at home?

    For example, if I wanted to make and sell jam online, could I rent a commercial kitchen by the hour - make and package the jam at the commercial kitchen then store the final product at home? To be shipped from my home?

    submitted by /u/Awakeat5amagain
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    The window(for your house) industry needs to be disrupted!

    Posted: 10 Jul 2018 12:06 PM PDT

    In my quest to get all the windows in my house replaced(22 in total) I'm realizing that the window buying process is archaic. If I have to endure another hour long demo with a windows sales guy I'm going to go crazy. Why do the 100's of window manufacturers hide the prices of their windows and force a sales guy on you?

    submitted by /u/sklawllc
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    Need to improve website

    Posted: 10 Jul 2018 11:41 AM PDT

    I make decent sales through Instagram but would like to improve my website and scale. While I am working on bringing better/more product I feel as if I can have a much better layout for my store. While I do want sales I do mix it up with knowledge about the universe so it's more than just a store.

    Website: onelonelyspeck.com

    submitted by /u/Adventure03xx
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    Best international shipping/fulfillment solutions for a small batch (500-1000 products)

    Posted: 10 Jul 2018 11:34 AM PDT

    Hi, I'm trying to make my numbers work for a project (possible crowdfunding). Something that has surprised me massively are the international shipping costs. My brain thinks is plain crazy that anyone would pay $25 for a product plus $30-40 on shipping (because of VAT + customs) So this is my biggest worry. I don't want to have to up the price so much that is not interesting anymore, just to be able to pay shipping costs.

    If you have experience, I will really appreciate your input.

    Each package would be approx.: 7"x9", 22,4 oz

    As I see it I have 3 options:

    • To ship and fulfill directly from china: I heard good things about this, also horror stories. The worst thing for me is the lack of wanting to do things perfectly, slow communication and doing things differently from what was spoken (like sending items in bags instead in boxes)

    • To use Amazon: a friend of mine that sells books told me that Amazon eats your profit, specially if you are small.

    • To use a fulfillment service in Eu, another in USA and another in Canada.

    Ideas, examples and suggestions are welcomed.

    submitted by /u/YeyeLatte
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    What's the best way to advertise my small videography startup?

    Posted: 10 Jul 2018 11:13 AM PDT

    So I have all the video equipment needed (quite a lot) and I'm ready to shoot anything from weddings to corporate shoots. Now I'm trying to figure out how to get customers. I just moved here to Atlanta so I don't have a big network here. Should I post Facebook ads?

    submitted by /u/michgilgar
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    Resources where I can read up on managing remote workers?

    Posted: 10 Jul 2018 10:58 AM PDT

    I've been a manager for a while, and recently went the entrepreneur route. As s result of the business I'm in, I need to contract a lot of development work overseas. I'm not using Upwork or other sketchy freelance sites, and I'm paying a decent amount of money on an hourly basis.

    The problem is, managing remote workers is very different, and I don't have software development experience to know appropriate timelines for tasks. I trust the developer, but there is always a perverse incentive in paying hourly for work.

    I was wondering if there were any resources out there that detail the best way of managing remote workers without micromanaging, ruining morale, but still ensuring that productivity remains high and efficient.

    Thanks!

    submitted by /u/legaldrugdealer
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    Going back to a job!

    Posted: 09 Jul 2018 08:59 PM PDT

    For the past 5 years, I've sucked it up and gave my everything to start my own tech company. Before that, I ran an agency for 10 years. At one point with the startup, our team consisted of 20+ core people, not including the hundreds of contractors we amassed on our app. As the cofounder, I learned so much about everything from concept to scalability. As of a few months ago, I exhausted my finances and finally today decided to go back to a job.

    Though I should feel sad about losing my flexible work schedule and ability to be a C-level executive, I am incredibly relieved and ecstatic about being employed with benefits and a regular paycheck. I am so giddy! I don't see this as a failure or surrender, rather a next step.

    Lesson learned: Don't be afraid to start a new business or something you're passionate about. Give it 110%. And when you've exhausted everything (financially, physically or emotionally), don't be afraid to go back to your roots with a job. There's no shame in working for others because essentially you're still being paid to learn.

    submitted by /u/dudebosslady
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    should I sell my company or not

    Posted: 10 Jul 2018 10:43 AM PDT

    hello reddit. I am speaking with accountants on this matter, but I thought I would also reach out to reddit to see if I can get some helpful insight.

    I am 42 years old and have co-owned a dermatology practice for the past 8 years. We are doing very well, and have recently been approached by a competing practice wanting to buy us out. I work full time so I only own 33% of the practice and my partner owns the other 66%. They are offering to purchase our practice for about 300% of our annual revenue, and want me and my partner to sign 2 year non-competes. They also said that they will continue to hire me and pay me roughly 50% of what I am currently making for as long as I want to work, but they will not get it in writing for some reason.

    My partner who owns the majority of the company is planning on retiring in a year or two anyways, so he likes this deal a lot, as it would allow him to retire and get a bit of extra money out of the practice. myself on the other hand am not looking to retire for at least 6-10 years, so I am not sure that I like the idea of selling my practice for 300% of its annual income, and only get payed 50% of my annual income per year. If my partner does decide to sell, I am stuck with either purchasing the 66% from him before the competitors do, or simply hold on to my 33%.

    I hope all of this makes sense, and I am happy to answer any questions you all may have. I am just wondering from a financial standpoint if it is worth it to sell my company for 300% of its annual income, when I plan on working for another 6-10 years. I feel like I would get a large boost of money short-term, but I would net less money in the long-term.

    Thank you for your time, and looking forward to hearing back from you guys.

    submitted by /u/squalaa
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    Remote banking options for online business?

    Posted: 10 Jul 2018 10:35 AM PDT

    Question for entrepreneurs with online businesses - my business parter and I opened an LLC in Delaware. Its a media website.

    We are now at a point where we need to set up an account to accept investments (nothing merchant related - just investments). I understand that traditionally, the account needs to be set up in the same state as the business.

    The problem is my partner and I both live in different states, neither of us are in Delaware. Are there any options for an online business checking account to circumvent this problem and stop myself needing to take a trip to Delaware?

    submitted by /u/ThxBungie
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    What would happen if you opened a non-business banking account for business?

    Posted: 10 Jul 2018 10:03 AM PDT

    Wondering what would happen if you opened up a regular chequing account with a regular credit card and then it was found you are doing business transactions. What would generally happen? I'm thinking of opening up with Tangerine as it's simple banking.

    submitted by /u/SendSneks
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    Thinking of starting your own video production company? Start here.

    Posted: 10 Jul 2018 01:43 PM PDT

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