Accomplishments and Lesson Learned Friday! - (August 10, 2018) Entrepreneur |
- Accomplishments and Lesson Learned Friday! - (August 10, 2018)
- My father has been manufacturing shoes for the biggest luxury brands for almost 40 years, I convinced him to start his own thing. At 71.
- I've spent 3 months building a startup without code, got my 200th user today - what do you think?
- Re: "I MAKE SIX FIGURES!!!"
- I know creating infographics is a good way to promote your content or products. While it still works, I wanted to share a video overview of the tools that you can use for creating an infographic.
- Payment Gateway Providers (Shopify) — E-Cigarettes, Monthly Fees, etc.
- Advice for testing the waters?
- Anyone do Amazon FBA
- Female Entrepreneurs, what are some of the challenges you have faced?
- July Report: 49,112 Page Views and $435,79
- How to advertise my page
- What book, video, or content would you recommend that I give to my friend who doesn’t see the potential of a startup/ambition?
- Father wants to expand his small business and for me to take over in the future.
- Fulfillment by Amazon
- What's the best way to spend business credit card points that actually helps the business?
- My friend makes bags using decoupage method,she is struggling alot,i want to help her but don’t know from where to start,can someone help regarding this?
- Any of the brilliant marketing minds on r/entrepreneur looking for a project? I have 4 eBooks that need a big marketing push - looking to work with (and pay) someone here!
- I want to start a Japanese Car Importer Business. How do I get started? Can I ask established businesses for tips?
- Successfully keep your prices high when new competitors keep appearing
- Landing Page for Validating Idea Question
- Why people won't consider entrepreneurship and getting over fear of success
- Asked to run a franchise
- What do you think of the common phrase "You get what you pay for"?
- Platform Giving Startups of All Sizes Good Salespeople
| Accomplishments and Lesson Learned Friday! - (August 10, 2018) Posted: 10 Aug 2018 06:06 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]  |
| Posted: 09 Aug 2018 04:51 PM PDT He is a shoemaker and worked in a factory near Florence (Italy) his whole life. I've been trying to convince him for years, and now I'm helping him to launch his first collection. They are custom suede shoes, handcrafted in Italy. We just launched a Kickstarter campaign, I guess we'll see in 45 days how it went. I'm biased so I won't say that they look great (but they do). [link] [comments]  |
| I've spent 3 months building a startup without code, got my 200th user today - what do you think? Posted: 10 Aug 2018 11:03 AM PDT I've been building newCo over the last few months and just switched on the new site (which is coded by my co-founder!). We just hit our 201st user! Super exciting. 138 of those users are paying members! MRR is currently around $1200 so a long way to go yet. newCo helps you learn to validate, build and grow side projects and new features. We provide access to video tutorials, actionable content, a database of early users, templates from other founders succeeded and a community of technical and non-technical folks. Would love to hear your thoughts/what could be improved? [link] [comments]  |
| Posted: 10 Aug 2018 08:53 AM PDT A guy was just on here saying how he'd tried all the entrepreneur routes advertised and they were nothing but scams and now he has a real job and congrats to him. This sub does seem to have an oversaturation of people talking about those scams but as Peter Thiel says in zero to one (great book) if its an easy idea to copy, you're in a race to zero margin. Sure the first guy to spot the niche probably made a packet but by the time he's written a book and flying around the country doing workshops, well that means that the market already got too competitive and now teaching other people how he can no longer make money is more profitable. There might be the odd guy that gets lucky and keeps the myth alive but the vast majority are doomed. Nobody is going to hand you a step by step guide to being a millionaire. There are always exceptions to the rule but the closest thing to a guide to be what most people consider an entrepreneur is to have a genuine insight into how to do something better, cheaper or faster, surround yourself with the right people and then balance execution, commercials, investment and growth like a hero and if you manage to navigate the lot, you get pretty damn rich. If you don't have the insight but can spot a good idea when you see one. Partner with someone who already has a great idea, you get just as rich assuming you are bringing other value to the table and you're there from the start. Start later and you get to join a proved company to a certain extent, there rewards are smaller but still an opportunity to earn fuck you money but the probability of success is higher. If you are a coder great almost every startup needs coders but if you're not a coder rather than picking up HTML for dummies try to leverage the skills you do have. Are you good at sales, marketing, operations, management, networking, etc. all these are things almost every startup needs. If my startup were to fail tomorrow and my paper money disappear I'd probably look to jump into someone else's who was already at the seed or A round stage, as starting from zero is hard, really hard. Once you've got the first happy customers and some funding things settle down a bit. Luckily so far so good. [link] [comments]  |
| Posted: 10 Aug 2018 04:23 AM PDT The easiest method is, of course, to hire a designer and let him/her do the work. However, that's not a good solution when you're just starting your business or you don't have the budget for it. An alternative that a lot of entrepreneurs are using is doing them yourself with an online tool. There are several tools that can help you do that. This following video shows how they actually look on the inside: https://www.youtube.com/watch?v=APg568MKT68 Saves you some trouble of testing each one to see how it can help you. [link] [comments]  |
| Payment Gateway Providers (Shopify) — E-Cigarettes, Monthly Fees, etc. Posted: 10 Aug 2018 12:46 PM PDT Hello all, I have started an e-commerce business on Shopify. Per their payment T&C, I cannot utilize them for my payment gateway. I was recommended emerchantbrokers, and I am currently checking this out. Do all payment gateways charge a monthly fee? I am already paying Shopify a monthly fee, so I am weary of stacking additional costs. Anny recommendations for different payment gateways that will accept e-cigs/vapes/ejuice products? [link] [comments]  |
| Advice for testing the waters? Posted: 10 Aug 2018 12:22 PM PDT Hi everyone, longtime lurker. I'd like to get some advice on how to approach testing the market. Basically
Capital isn't the problem, its more logistics and doing this right. I'd like to not just be throwing away my money. General Questions: -What should my thought process be? Steps? -Should I order like 10 of them and see it they sell? -Is Amazon not the best way to test? -Etc... Any help/advice would be greatly appreciated! [link] [comments]  |
| Posted: 10 Aug 2018 11:51 AM PDT I see all these people on Youtube buying private brand cheap stuff from China and then selling it on Amazon FBA as their own brand. They claim they make big money, but it seems too good to be true. Whats your opinion on it? [link] [comments]  |
| Female Entrepreneurs, what are some of the challenges you have faced? Posted: 10 Aug 2018 02:05 PM PDT Hi all! I'm a screenwriter and I've just begun working on a TV pilot about the employees and patrons of a Medical Aesthetics office. I'm trying to get a sense of the challenges that you have faced starting/running your business. All experiences are welcome, not just those in this particular industry. I'm looking for funny, cute, OMG, WTF stories about peoples' experiences as new entrepreneurs. This show is about is about a young woman dealing with the difficulties as well as the excitement of running her own business. This is supposed to be a feel good show, so I'm not trying to twist anybody's story, but unfortunately there are challenges that many women have to deal with, that men don't. I'm looking for stories such as; finding investors, funding it yourself, office locations, staffing woes, social media outreach, advertising, etc. More important than the business practices though are the characters involved! Who are the coworkers, partners, friends, strangers that have really helped to bring a smile to your face and remind you at the end of the day that it's all worth it? Thanks for everyone's help! [link] [comments]  |
| July Report: 49,112 Page Views and $435,79 Posted: 10 Aug 2018 01:49 PM PDT Hey /r/Entrepreneur! I am Rich, maker of Failory. A few months ago we became a transparent startup and became sharing our marketing strategies, numbers, revenue & expenses. Today I have just published our July report. July was a pretty successful month. +12K users visited the website, 250 of which subscribed to Failory newsletter. The SEO traffic grew a lot, and +50% of the traffic represented organic searches. I was also able to sell some sponsorships, so I made +$400. Moreover, I launched a few new pages on the site and carry out some design improvements.
Main information:
July went really well. I had a lot of time to work on the project, which resulted in a lot of content published and an increase in revenue. I didn't manage to get any interview viral on Hacker News or trending on Reddit as in previous months, but the traffic remained similar. The main reason for this is an impressive increase in the SEO traffic. Go on reading if you want to learn the marketing strategies I carried out in July, the numbers of social networks and analytics, and Failory revenue & expenses.
MarketingAs I had some more free time to work on the project than in previous months, I tested new different content promotion techniques and marketing strategies. However, the traffic of July didn't mainly come from social networks and direct channels as it used to happen in previous months, provoked by my content promotion efforts. Instead, organic search was the main channel of acquisition, representing the 53.1%. InterviewsIn July I published 3 interviews with failed startup founders and 4 with successful entrepreneurs. Any of them went viral on any online community. They average received 750 - 1,500 page views. When being launched, the interviews usually receive a big spike of traffic, but during the next days, the number of users that read the interview every day decreases a lot. The reason why no interviews went viral this month is that both the successful and failed business that I interviewed aren't/weren't really big companies, with a lot of founding and employees. Instead, they were side projects. I need to look for more big businesses founders that want to be interviewed, but the problem is that failed big businesses aren't willing to appear in Failory. Their founders prefer to forget about that sad story and don't want to confront any legal issues if they provide by error any confidential information. To promote the interviews, I have started to automate a few of the channels. Every time I publish an interview or a blog article, an RSS is updated. I have created an IFTTTapplet that checks the Failory RSS every 15 minutes, and if there is anything new, it posts in Failory Facebook page. The same happens with a few communities on Reddit that accepts submitting links. Regarding the new content promotion techniques I told you before, I have started to test Pinterest, Linkedin Groups, Google+, Slack and different communities on the industry of the business. In Pinterest, I simply submit the link and add a short description of the content. On the different Linkedin Groups, I try to make the post look as most unique as possible, adding the name of the community and talking about posts that have recently been published there. Google+ sucks. I just wanted to check if I was able to send at least 1 user to the website :) As for Slack, there are lots of communities on every niche and industry you can imagine. I usually write a few words and I add the link to the article/interview. Finally, searching on Google for communities on the same niche of the business is an interesting technique to get your content read by people who are already interested in that sector. Guest PostsIn July I published two guest posts on Failory. I didn't have to search for them and they were of really great quality, so I think it was a perfect deal. The first one talked about 10 success myths and was read a few hundreds of times without almost any promotion. The second one was an amazing guide on how to do business copywriting properly, with more than 3,000 words. The author is a high-school student who made an amazing work collecting the best strategies and tips on how to carry out business copywriting. It meant +1,000 page views and thousands of reads on /r/Entrepreneur. SEOOur SEO traffic kept increasing a lot in July. 6,525 users (53,1% of the total) came from organic searches. In June, SEO meant 4,875 users. So there has been a growth of 33.85%. Comparision SEO traffic June-July The big spike you can see there is caused by the interview with the Toygaroo founder. It is a failed startup that a few years ago went to Shark Tank. Every time the programme where they appear is shown on TV, there is a big spike in traffic resulting in 1,000 users in one day :0 From 122,500 impression they site received in July, 7,050 resulted in clicks on the website. This means an average CTR of 5.76%. The numbers of impressions, clicks and average position have grown in comparison to June. Comparision SEO impressions and clicks June-July But where does all this traffic come from? Well, particularly from three pages. This may be considered as a risk. But it is also a big business opportunity. As you can see from the chart, there are two articles about Indian startups that receive quite a lot of traffic. Especially the first one, which ranks for hundreds of keywords. So, making a partnership with an Indian business can result in being successful for the both of us. Improvements & FeaturesI have been doing lots of improvements to the site. If you are a designer who constantly checks Failory, you have probably realized I have done many tweaks all over the website. The main change was on the navbar, which now has a drop-down menu with "tools". I was also able to keep working on the Startup Cemetery project, which is a page in which you will find +100 big companies that have failed and will be able to read their failure stories. Finally, I created a really nice-looking /sponsorship page, which has even help me acquire one sponsorship this month!
NumbersWe all love reading the numbers of a business, so here is the July number report.
Google Analytics12,262 users entered Failory in 15,918 different sessions and visited 49,112 pages. The day with the least users was July 23, with 126. The day with the biggest amount of users was July 9, with 1297. 6,525 users arrived at the website from organic searches, representing the 53,1%. This means an average of 210 users per day. 3,278 users came from direct channels representing the 26,7%. 1,489 users came from social networks, meaning only the 12,1% of the traffic. These were the ten social networks that lead to the majority of the social traffic. Percentage of social acquisition Regarding the behavior of the users, these were the ten pages that received the biggest amount of traffic in July. Without taking into account the homepage, which is the first one, the three pages that received the most traffic are mainly receiving from organic searches, which is the main reason why I want to work more on SEO and get traffic with other articles I have published.
Google Search ConsoleFailory received 125,238 impressions and 7,060 clicks on Google searches. This means an average CTR of 5.64%, which is not bad! Google Search Console information As I told you above, three are the pages that receive the biggest amount of clicks. The rest can't even get compared. Regarding the keywords, they are quite more diversified. The "toygaroo" keyword is still getting a lot of traffic because of the monthly re-broadcasts of the Shark Tank episode in which this failed business appeared. Google Search Console keywords
I stopped tweeting that much with the Failory account, so in July I only got 13 followers and 376 profile visits, which is much fewer than in June (70 new followers and 1,184 profile visits). I basically stop tweeting because it meant a lot of time searching for great articles to share and writing the tweets, tagging the writers and the blogs. However, I am considering automating the sharing on Twitter with different tools, such as Buffer. Email NewsletterAt the end of June, Failory newsletter had 4,992 email subscribers. I now have 5,242. This means there are now 250 new email subscribers and that there has been a growth rate of 5.01%. I have created a Google Spreadsheet with all the interesting numbers of Failory, copying the format and information of Matt Giovanisci, on this MoneyLab experiment. I thought it was interesting to share it with you. I still need to add and delete some rows to adapt it to Failory business model.
Revenue & ExpensesSo July was the month with the biggest number of money earned, since launching Failory 12 months ago. I earned $435,79 :) The first days of July, a guy reached me and offered me $90 for adding a link to his name generator business on one of the Failory articles. I thought it was a great and easy to carry out idea, so I accepted it. Then, the team from Paved sent me a message through their platform offering $200 for sending a dedicated email to Failory 5,000 email subscribers promoting their new eBook about how to get sponsorships. I thought the eBook was something that it would interest my subscribers and it was free. So I sent the email. Furthermore, I was able to sell a two-weeks AD slot on our interview pages for $135 to Abi Noda, founder of Pull Reminders. This went really well. 215 users clicked on the AD, resulting in a CPC of only $0.62. Finally, my affiliate links resulted in 628 clicks, and with a conversion of 0,96% (really low!), I made $10,79. Regarding the expenses, I paid $20 for Webflow monthly hosting and $60 (a lot!) on fees for the dedicated email. I also hired a freelancer from the Philippines to get some interviewees with failed startup owners. This costed $50. So the real profit in July is $305.79.
GoalsGoals aren't working. I haven't check my "set goals" of June since launching June monthly report. Anyway, I was able to achieve three of them.
I will probably stop setting goals as, I have said, they aren't working. Thanks for reading this long report and helping me build Failory with feedback and nice comments :) I will probably tell you some great news in August monthly report, so keep an eye on the site! You can read the article in Failory, clicking here! [link] [comments]  |
| Posted: 10 Aug 2018 01:36 PM PDT Hi guys, I recently created a small shop for food theme phone cases. I also made a small IG page where I haven't done a ton with. If you had to market my page, what would you suggest to do? Go hardcore with IG? FB? If you want to take a look at the page, it's Nomcase.com (not sure if I'm allowed to post the link, but you probably need to see it to get the idea). Not trying to get any views from this post, just some honest feedback and input. Thanks guys! [link] [comments]  |
| Posted: 10 Aug 2018 01:34 PM PDT Basically I have a friends who I think would be a great partner, or cofounder, but he just can't get into the mindset that he, or any "normal" person, could build something big. He thinks you must be born rich and/or get super lucky. He's ambitious and into small time business opportunities (like T-Shirt ecommerce) but doesn't understand how a small startup can scale. He's kinda dismissive to my startup even though it's gaining traction. But! I know he has the personality and drive to be a good entrepreneur. [link] [comments]  |
| Father wants to expand his small business and for me to take over in the future. Posted: 10 Aug 2018 01:21 PM PDT Hi r/Entrepreneur! I am unsure if this is the correct subreddit to post this but I've been putting off asking someone with knowledge about it for a long long time now! My father owns a small carpet cleaning company, his prices are low as all hell and he has a monopoly on the our city and surrounding cities in this market. He is looking to increase prices since he provides professional services for dirt cheap and all of the competition is killed off (mostly). He has been talking to me about expanding big (into other large cities in England), more employees (hes a sole trader currently) and in general be bigger and worth more. I have a few questions regarding this situation: -What system would we have to have in place for him to be able to provide a full time job for people whilst still getting his share of business (he still wants to work for now) -How can we transfer the majority of his client base from Facebook to a dedicated website where people can book his service over phone. -How can we make sure that the new employees don't start a competitor or steal profit from us by doing more jobs using our vans and chemicals. -How do we expand into other cities? does it work like a franchise or do we have to move their to start someone off who will reliably note earnings etc. I just dont know how we can physically expand, neither me or him know the procedure for a business like this to expand since its not a stationary unit like a store. The money in this is great and is the reason why i want to take over in the future (once i finish my econ and business courses) any help or pointers on expanding this type of business will be greatly appreciated and thanks for your precious time! [link] [comments]  |
| Posted: 10 Aug 2018 01:15 PM PDT Is this a viable option? Can I really make money out of it? I need a way to make money without having a job while I am in university. [link] [comments]  |
| What's the best way to spend business credit card points that actually helps the business? Posted: 10 Aug 2018 12:49 PM PDT For a small business with expenses mostly tied up in digital marketing, shipping, and inventory, can someone give me some ideas on the best "bang for your buck" way to spend my credit card points for the business? I have a good amount that I think I should spend, as they're just sitting there and could be put to use. I'm thinking about using them for business travel or just 1% cash back, but maybe there's something I'm missing that has a great multiplier? Thanks! [link] [comments]  |
| Posted: 10 Aug 2018 12:29 PM PDT My friend make decoupage bags as her hobby,she send me her arts here and there,i really wants to help her but don't know how lr from where to Start. [link] [comments]  |
| Posted: 10 Aug 2018 08:30 AM PDT I have four eBooks that are well received and have sold reasonably well in the past with little to no marketing. 3 of the 4 eBooks are written to help job seekers improve their job search and vastly improve their interview. My most recent book helps employers find and hire talent in this low-unemployment economy - this most recent book seems touches on a hot issue and has a more niche audience (HR, recruiting and small business owners that do their own hiring) that should be willing to pay under $10 to help with this big problem. All four books are finished and published on Amazon, iTunes, Barnes and Noble, etc. Here's what I have:
I know that these eBooks are selling far under their potential - marketing is not my strong suit so I'm looking work with someone to help push sales. I am happy to pay a base + incentive based on book sales. I can help by blogging, making videos, writing articles, anything you would need to help build a pipeline of buyers. Maybe we should just focus on 1-2 of these books - I value any input and opinions. If this sounds interesting to any of the brilliant marketing minds on r/entrepreneur lets talk, brain storm, set some budgets and goals and make some money! [link] [comments]  |
| Posted: 10 Aug 2018 12:15 PM PDT I want to be a Japanese car importer. Specifically, JDM cars that are 25+ years old. Skylines, RX7s, Supras, NSX, etc. True, some buyers will go far and wide to the coasts (NYC, California, Florida, VA, etc.) to buy these cars and it wouldn't make any sense for me to crowd this business. I've read up on how to import just one of these cars. The laws, the forms, etc. But how do you import multiple for sale? I wanted to do it in small numbers. A lot of the other importers have a large stock. I mainly just want a dozen or so, higher end JDM cars to resell. I believe keeping the stock low, with select cars, would make the website and business more premium feeling. Some of these importers sell things like the Honda Beat, for between $5k-10k, along with their $30,000 R32 Skyline GTRs. I want to solely sell higher end models, to give buyers the feeling that these are hand picked, quality models they are buying. Would this work under the same type of dealer license that states give out? Or would this be a federal license? Competition can be seen as a good or bad thing. There are some established importers, but they're quite far away. I was thinking of contacting them to see how their business is structured. Is that a bad, dumb, naive idea? Am I just in over my head right now? [link] [comments]  |
| Successfully keep your prices high when new competitors keep appearing Posted: 09 Aug 2018 04:46 PM PDT I commented on the "I'm struggling to stand out within my niche" post earlier today and it's pushed me to write this post. Nothing to sell. Not looking for clients. No private FB groups or anything like that. Apologies for typos. Problem: You have little money, and competition is rising. You can't stand out. Your gut says to lower your prices but you know that might make things worse. It might squeeze your margins and create a race to the bottom. Caveat: This guide is geared toward bootstrapped or unfunded companies. If you have oodles of VC cash, do whatever you want you lucky swine! Solution: Understand different methods of creating a competitive advantage - it's not all about price. BTW: I'm Matthew, I'm a strategist at a profitable startup. I used to lead marketing for a company that got acquired for many many many millions using this technique. Sadly, I saw nothing of it :-( but, these methods worked! I usually post over at r/marketing and thought you might like this guide. These principles/strategies have been trusted for 20+ years. They come from Michael Porter – the godfather of strategy. I love his principles because unlike modern business books, he offers a structure to think within, leaving the creativity up to you. It's a stark difference to modern business books which cater to instant gratification and vague "do this and you'll win" type of advice. The 4 Generic Strategies Summarized (skip to strategy 4 if you want to know the best for underdogs). Note: When I talk about market size, I'm talking number of competitors you are against, not the number of buyers.
This part is wildly important. People and customers want to know how much to pay for your product or service, they do this by comparing your offering to the closest alternative - the market you put yourself in. This concept is called price anchoring. If you want to keep your prices high and competition away, drop your anchor in a wealthy market that is niche and compare yourself to something expensive, or provide value whose time is very costly. More examples in the takeaways. Takeaways for Founders (and Marketers) of the Unfunded and Underdogs Choosing a wealthy narrow market will save you. Like Tesla and Uber who started at a narrow market and worked toward a broad market as they gained success. The narrow category is your saviour for these reasons: a) Your marketing is more efficient. With a small but wealthy niche, your marketing/ad dollars go further. You don't need to reach as many possible buyers to land one sale. And, when you do, the sale value is higher. You might be able to make your first sales through email and coffee meetings. b) You can build a highly specific product for a few people. Imagine you wanted to break into marketing automation. This is a market dominated by Hubspot, Marketo, Pardot. It's going to be tough, right? To give yourself a fighting chance, you might want to choose a hyper-narrow market. Example: a marketing automation tool just for realtors. You could develop and naming features very specifically for realtors. Market on realtor websites (not marketing ones) and start winning the realtor segment. For them, the value of a new client is in the 10s of thousands. Compare than to many SaaS companies who hubspot target who sell for $10/user/month. With this revenue, you can scale, raise funds and attack another segment. Example: commercial space leasing... you get the idea. Underdogs can't conquer giant markets from day 1. But, they can take many small ones through specificity. c) Having a narrow focus doesn't attract attention of competitors. Hubspot is unlikely to quake in their boots at a new marketing automation tool for realtors. In fact, they likely won't even notice. For underdogs, that's what you want. You want to fly under the radar of everybody but your small, rich, market. d) Freedom to select one high-value target market. Think how Uber in the early days wasn't "ride sharing" it was "your own private driver". This allowed it to launch in a high-value, niche sector - capturing market share away from "private drivers". When people think they are getting a private driver, they anchor their price against private drivers. The customers wouldn't be as concerned about price, comparing it immediately to a taxicab. So, if you are worried about the competition rising, don't stress. Narrow your market, choose a customer whose own services are expensive, differentiate for that group hard – and conquer! --- OK, that's it, that's all. I'm going to write this up and post it to medium probably, so hit me up with any comments and suggestions. I want to improve this before posting. Let me know what you think! Much love and good luck! -- Matthew [link] [comments]  |
| Landing Page for Validating Idea Question Posted: 10 Aug 2018 11:53 AM PDT Hi, I am trying to validate an idea for a SaaS product by putting up a landing page and some ad dollars behind it, and was wondering what everyone's thoughts are on setting it up the landing page itself, in terms of copy, images, design I am currently considering 2 alternatives: 1.) One very short page that has a title, and sub-text on one side to describe the value, supporting imagery and perhaps a form like (Get Early Access / Keep Me In The Loop). I would be mostly selling the "value or benefit" of the product on this page, rather than anything in detail 2.) A multi part page that has mockup screenshots, longer copy, kind of like if I had built a bit of the product already, and was selling not just the value and benefit, but also features, how it works, ease of it working .. etc Which one would be better to validate an idea (considering I will be driving ads to this page)? If you have any other ideas I would be open to hearing as well! Thanks [link] [comments]  |
| Why people won't consider entrepreneurship and getting over fear of success Posted: 10 Aug 2018 11:39 AM PDT I've noticed through interactions and experience that entrepreneurship is not even considered a viable option by 99% of the population. Why is this? I haven't encountered anyone with their own business of any size or even side hustle beyond occasionally selling some of their unwanted or unused belongings. To take it further, very few have aspirations to make their own way or even entertain the idea of starting a business. Family, friends, classmates all believe a 9 to 5 is the only way to make it financially these days. As long as it pays well and isn't very demanding, they are more than content to coast by and exist. I'm interested in this question because I think the answer would help me get over a fear of success. Recently I had an idea and have begun working on making it a reality. I'm not expecting anything at this point but I can see a scenario where I can afford to do that instead of being an employee. My primary goal is the independence provided by entrepreneurship and not necessarily the money. However, being surrounded by people who dismiss entrepreneurship so easily has lead to a fear of success. I'm almost expecting to fail, believing it simply will not work out because it's not possible/I don't deserve it. How do you get over this nagging feeling that you won't succeed no matter how hard you work? I know this is feeling is a lie but it's always there like a reminder. [link] [comments]  |
| Posted: 10 Aug 2018 11:34 AM PDT A few days ago, I was approached by a local business and real estate investor to completely run a small restaurant he had purchased. I'll spare the numbers but it would about triple my income as of now just on salary. However, down the road (literally) a competitor is destroying business for other local pizzerias. It's a sit-down higher end place where this is a small time carry out and delivery only. This particular pizzeria has 50+years of history with the town. I read somewhere on Reddit that only chumps buy into franchises. The company (corporate) makes all the money when you do all the work. Should I drop everything and run it? I would have to hire all new staff, learn how to make everything etc. the old owner is willing to help me get started. The company made good profit the last 5 years despite new pizzerias opening with their specific shtick (fast casual, "ready now" fire pizzas). I've asked for a lot of help from friends and family. Advice from mentors alike. Now I'm asking the Internet. I would be giving up school temporarily. I can DM specifics if needed but I want to keep it as Anonymous as possible. Edit:spelling [link] [comments]  |
| What do you think of the common phrase "You get what you pay for"? Posted: 10 Aug 2018 05:26 AM PDT |
| Platform Giving Startups of All Sizes Good Salespeople Posted: 10 Aug 2018 10:58 AM PDT Here's the lowdown: getting salespeople to sell your product requires a lot of initial costs and even more if your startup wants good salespeople. My platform would be a place where startup brands can find salespeople to sell their product for absolutely no initial costs. It would be sort of like a social network where salespeople have a reputation that startups can see - so the best salespeople rise to the top. There wouldn't be any initial advertising costs and the only costs would be a commission on the sales (and a fee for my service). This would give early stage startups an easy way to bring their product to market and get actual sales fast. Also, businesses are always looking to get into the high school / college market, and there are lots of broke students who could easily sell to their friends and make some money, and if the students are good salespeople, these students will rise to the top as well. In short, both pieces of the puzzle have a great incentive to use my service. The natural selection of salespeople will have people competing for the top sales jobs and slowly improve the overall quality of the platform. I could see this working very well for clothing brands and still well for other industries. I would love some feedback on my idea! Thanks for your time!! [link] [comments]  |
| You are subscribed to email updates from Entrepreneur. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment