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    Wednesday, August 1, 2018

    Wantrepreneur Wednesday! - (August 01, 2018) Entrepreneur

    Wantrepreneur Wednesday! - (August 01, 2018) Entrepreneur


    Wantrepreneur Wednesday! - (August 01, 2018)

    Posted: 01 Aug 2018 06:07 AM PDT

    Please use this thread to ask any wantrapreneur questions.

    We do this to not overflow the subreddit with wantrapreneur questions, so please try to limit the questions 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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    We made 250k USD last month with our dropshipping side hustle. Oberlo / Shopify reached out to us to do a success story. AMA!

    Posted: 01 Aug 2018 07:55 AM PDT

    Hey Reddit!

    My name is Jacky Chou. With my partner, Albert Liu (albeliu on Reddit), we launched a home decor dropshipping site that went from negative 3k to 250k a month in 8 months at 30-40% margins. We're both first generation Asian-Canadians who moved from Vancouver to Berlin to work in marketing.

    We started our dropshipping store as a 'practice what you preach' case study, as we're both working as digital marketing consultants (Albert as a freelance Facebook consultant and I'm a founder of an SEO agency, Indexsy).

    Oberlo / Shopify reached out to us to do a success story. For those interested, we've summed up our learnings below:

    1. Dropshipping is extremely saturated and competitive.
    2. You're paying for ads to buy data so Facebook/Google can optimise better.
    3. Perceived value determines how much you can charge for a product. Invest in web design and ad creatives.
    4. Do not try to imitate the big players in dropshipping. If they are selling a specific product, it's highly likely it's already too late.
    5. Invest in product research and building a brand/niche store. Having multiple products that appeal to the same customer will increase your AOV.
    6. Screen suppliers for product quality / packaging. Better packaging will increase perceived value and help to build trust. Also, make sure suppliers are not putting their own promotions in their products (Oberlo Suppliers will never put promotional material in their packages).
    7. Pay attention to customer satisfaction. This is even more important in dropshipping than traditional e-com given lower perceived value.
    8. Set up processes ASAP and outsource when possible. Bring on external help for time consuming tasks and areas you are not familiar with so you can focus your time on growing the topline of the business.

    We're here to answer any questions you may have about dropshipping, ecommerce, or even life in Berlin!

    EDIT: Taking a breather for the night, will come back a bit later and tomorrow to answer any remaining questions. This was fun, if you want to connect, find me on Linkedin!

    Proof:

    Screenshot Revenue

    Screenshot Oberlo Revenue

    LinkedIn Post

    Oberlo Story

    submitted by /u/chouprojects
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    [Feedback Please] Rotten Tomatoes for Amazon Products

    Posted: 01 Aug 2018 09:50 AM PDT

    Hi reddit,

    I wanted to share a tool I built to scratch my own itch, but starting to think it may have wider appeal.

    I call it Best Best List and the aim is to answer "what product should I buy?" in a similar way that Rotten Tomatoes answers "what should I watch?" i.e. by summarizing the opinions of lots of other critics/websites.

    It has been working really well for everyday, kind of "mundane" products that you would get on Amazon. Say for instance you're looking for a small blender. The way I usually go about it is:

    1. search google for "best small blender"
    2. open up three or four resulting sites and spot the five or so models that I see mentioned a few times
    3. cross-check those with their Amazon ratings/reviews/prices.

    I'm not really interested in spending hours reading long-form reviews.

    I realized that I could code a little bot to do all this work for me... and so I did! It's by no means perfect and very much a work in progress, and when I realized a few friends started using it and giving me good feedback I thought I would share it here.

    bestbestlist.com

    Like I said, I'm totally scratching my own itch and it has been working well for me. Based 100% on what the tool is spitting out, I have recently bought an EZ-curl bar for my home gym, new tweezers, a small blender, and a cigar cutter. I've been extremely pleased with all the recommendations.

    Caveat: It might not be the best tool for very complicated items with tons of specs (e.g. a TV) or an emotional purchase with brand loyalty (e.g. a guitar) - for those maybe you do want to spend hours reading reviews.

    If you want me to run the tool on something you're thinking of buying, I'd be happy to run the query for you, I made a submit form so I can keep track: bestbestlist.com/ask.

    Would love your feedback primarily on "does this make mundane buying decisions easier for you?" What do you think?

    edit: formatting

    submitted by /u/geniuspin
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    As a business owner, how many different business "hats" do you wear daily?

    Posted: 01 Aug 2018 04:37 AM PDT

    Hi everyone,

    I'm trying to find a business idea here. I wonder how many different things do you juggle daily as a business owner and which one do you hate the most?

    Thanks!

    submitted by /u/alinrauta
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    How do I hire an overseas person to help with "making blog posts look really nice before publishing" tasks?

    Posted: 01 Aug 2018 01:27 PM PDT

    I'm making a product review website and will have many lists, like "Top 10 television sets for small living rooms", etc. I have someone to write the article, but I need someone to format it so it looks nice with all the "Pros and cons" and "What we liked....what we didn't like..." etc

    What is this person called? A Wordpress editor? a blog poster?

    I dont know exactly what I'm looking for so dont know where to look for the people I need.

    thanks

    submitted by /u/mnfloro
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    Ask /r/Entrepreneur: Anyone here bought business from Flippa

    Posted: 01 Aug 2018 05:52 AM PDT

    Hi

    My question is specially from those who bought site/app from Flippa, how is your experience and what is your advice for newbies?

    Thanks

    submitted by /u/pknerd
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    [Feedback Please] Renting a cruise ship for hotel business

    Posted: 01 Aug 2018 01:42 AM PDT

    I need you and your feedback!

    I know there are a lot of brightminds in this community. So I ask you to please chip with anything you got. Any challenges that I havent spotted, solutions to my challenges or other comments/discussion is very welcome.

    The problem to be solved

    113.000 people visit a smaller island over 4 days with a population of 40.000 people. Not everyone can get a place to stay for the night.

    An event that has taken place for the last 4 years and every year more people come this island to stay for a week. Everything is booked, ferries, airplanes, hotels, bed & breakfast. People rent out their own homes for high prices (4700 usd for a weekend)

    The solution

    Rent a cruise ship with capacity for 2500 guests and use as a hotel ship. The ship hotel is an upgrade compared to the current possibilities to stay and it would increase the amount of people able to visit the event, without having to go back home the same day.

    Furthermore the ship would be quite a stunt meaning that I could probably get some of the local newspapers to cover the happening to get some marketing.

    The process

    I contacted a cruise travel agency as they have the contacts I need. I requested them to take contact to shipping companies, to see which ship is available and how many cabins I would have to rent out.

    So far I have assumed that renting a cruiseship with 2500 cabins would be appropiate. I realize that by letting an agency book the ship I introduce a middle-man whom will take his cut, but I need to be sure that all legal requirements are taken care of, both in regards to security measures but also in regards to docking permissions, personnel, etc.

    I have received a guestimate that renting a cruise ship this size could cost 1.6 million USD. Raising that capital will be a challenge, as we're two guys trying to make this happen. A way to try to get around this would be a kickstarter/Gofundme campaign and try to raise the money this way by selling the tickets to the cabins before actually renting the ship. However the travel agency has informed that we are already quite late, despite the event taking place in june 2019, as cruise ships are sold a long time in advance.

    I have considered whether we should rent a smaller ship to lower the required capital, but staying on a ship with capacity for 200 people just seems far less prestigious and thus might attract less customers.

    As soon as we know the ships capacity we can set up a landing site to allow people to book their stay. On top of this there would be some costs in regards to marketing the business. Both of these points dont really worry me too much.

    I see the following three ways of getting our cabins booked.

    1. Own landing site
    2. Kickstarter (If you donate X you get a cabin)
    3. Booking agency (Has platform and people might see it easy, but takes a cut of the cake)

    Challenges

    How to raise the needed capital? Already discussed

    How do we deal with the risk of people cancelling their stay? Introcing a non-cancellation policy might make it less attractive to book, however it seems needed to reduce our risk.

    Should we skip the travel agency and take upon ourselves to find a cruise ship we can rent?

    Other thoughts(Skip if tired of reading)

    The event has a political agenda. Some of the guests are therefor politicians which may be inclined to pay a larger fee for a stay and might like a prestigous opportunity like this. The larger amount of guests attending are "normal" people though.

    Will need to create a company to ensure that its not one person taking a lot of risk and getting slammed with a large tax fine for the revenue. Furthermore creating a company will ensure time to split the profit after the event.

    Upsale opportunities

    • Food/Drink. Most cruiseship tickets are sold with all inclusive, however if we could change this as we dont go on a cruise but act as a hotel, we might be able to scoop a profit on the food/drinks.
    • Local restaurants/bars and so forth. The event closes each day at 18.00, meaning that everyone is looking for a place to eat and enjoy themselves in the evening. Partnering up with the local restaurants and sell tickets for their places might be a way to make an extra buck.

    Thank you!

    If you made it this far, thank you for taking your time to read through it all! I appreciate your time and effort. If you could leave a comment with your thoughts it would mean a lot to me, thank you.

    submitted by /u/pewpewlazor
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    The Ultimate Business Copywriting Guide [+3,000 Words!]

    Posted: 31 Jul 2018 05:19 PM PDT

    Hey /r/Entrepreneur! I am Rich, maker of Failory, where I weekly publish all type of content about entrepreneurship. Today I published a +3,000 words article on how to do business copywriting properly.

     

    Following these 16 techniques, your website, advertisement, and sales copywriting will definitely convert more. Go on reading to learn more about business copywriting!


    Killer copy is the bloodline of marketing.

    Creating it is an art and science.

    Art because it requires creativity, a sense of elegance and style.

    Science because it involves testing, trial, and error, fine-tuning, predictability and breakthroughs.

    Whether you're a newbie, intermediate or an expert refreshing or brushing up your skills, this copywriting guide is for you.

    So, without any further horn-tooting, let's dive in:

     

    What Is Copywriting?

    While you have come across the word, it's not the most common term around.

    So, what exactly is copywriting?

    Any writing that persuades your audience for taking an action is called copywriting. Signing up for email updates, sharing something on social media or buying something online, are a few examples. Copywriting is often summarized as 'Copy'.

    Copy is what we find on headlines, product descriptions, sales pages, CTR buttons, email subject lines, and pretty much everything used for marketing purposes. Even if it is a task as small as remembering the name of your company.

    Writing copy is a process where you have to jab your readers' attention, secure it all the way down, push his emotional buttons and drag him to a boiling point. You also have to lift risks off your buyer's shoulders, eliminate objections, ask for the sale and justify your price.

    That said, contrary to the usual misconception, copy is not about 'copying' something, shoes or shirts for example.

    ‍ 

    Techniques and Tactics of Copywriting

    Just like every game-changing factor in business, copywriting takes mastery. Want your online presence to shine? Improving your copy chops is your way to go.

    And to help you exactly with that, here we'll go over the ultimate list of copywriting techniques. Let's get started:

     

    Understand Your Audience Thoroughly

    While researching and writing down a customer profile may seem like a lot, sheerly effective has more to it. Understanding your customer is a must and failing to do so will hamper your sales. Often, copy is written without talking to the people spending the bucks. Having that said, what is it that helps you understand your audience better?

    The answer? SHORT SURVEYS.

    Short surveys are the easiest way to understand your customers better. Such surveys show you what's going inside the head of your target audience, what are their recurrent questions and objections. And luckily, there are a ton of tools to help you with this. You can use Google Forms, SurveyMonkey, Wufoo and/or other tools to get the job done.

    The goal here is talking with your customers. You can phone them individually, but nothing beats surveys to gather information from a massive amount of customers. After creating the survey, you need to conduct it and then think through to learn more about your audience. Put their answers under the microscope and emphasize on the points they mentioned.

    Their words will be a superb source for your copy, be it web content, headlines, email subject lines or something else.

    Without focusing on the words your audience use, it's easy to start using jargons and language that they probably won't understand. Often, we address products as buzzwords or industry phrases that our customers don't know of. While this may make sense to us, won't help our target audience. Plus, it won't also resonate that much with your customers.

     

    Research the Heck Out of the Product/Service

    This is where you get your hands dirty. For creating the best copy suited to your audience, you're going to:

    • Analyze previous sales or copy pieces
    • Interview customers and employees
    • Analyze your web analytics
    • Dig through Google Alerts for info

    Extensive research is all about stepping into the buyer's shoes. This will help you add empathy and answer all the important questions and objections.

    ‍ 

    Create Hypnotizing Titles

    "On the average, five times as many people read the headlines as read the body copy." ~ David Ogilvy

    In other words: A subpar headline can punch your business in the nuts.

    The headline is the first copy your customers read. This can either hook the reader or chase them away. Even if you have body copy that'd turn 5 out of 10 people into buyers, if the headline fails to hook them, your sales will go down and the potential customer would be off to spend his money elsewhere.

    Ogilvy marked headlines as the most crucial, so he considered them as worth 90% of the money spent on ads. While there are many tips on tailoring out killer headlines out there, the entire creation process can be summed up as follows:

    • Offer a tantalizing benefit to your audience
    • Spark the reader's curiosity
    • Guarantee exact results in time

    While testing out your new headlines may feel tempting, if you don't want to waste your time and effort, headline templates are your way to go.

    You can find such templates here on Copyblogger. And if you're looking for something extensive, this is just the thing for you.

     

    Utilize the A-I-D-A Formula

    You know exactly who your prospect is and what their pains and desires are. You also have a headline that'll jab his attention hard. Now it's time to crank out some copy.

    Copywriting usually hits the rock bottom at this stage. People go in circles and ask themselves 'what now'?

    That's exactly when AIDA formula comes to the rescue.

    The AIDA formula is the skeleton for most sales pages. It's designed around the interest of your audience, helping you see through his thoughts, questions, and objections. So, it resonates with your prospect and makes them take action.

    So, what exactly does AIDA mean?

    ‍ 

    A - Attention

    The headline and the opening sentence, where you jab your prospect's attention and tell them what's going to benefit them.

     

    I - Interest

    This is where you rub chili powder in your reader's open wounds, or by creating a story highlighting how he'll fill his desires.

     

    D - Desire

    And now that your reader is interested in your offer, it's time you stomp on his greed glands and bring out emotions describing how your product/service will catapult his life.

     

    A - Action

    Once your product emotionally hooks your reader, you ask them to take action here. Usually buying, downloading, clicking or subscribing.

     

    The AIDA formula In Action

    Now, let's witness an ad that has effectively used the AIDA formula. This ad emphasizes fun and entertainment.

    Here the designer used vibrant colors for jabbing attention. The ad sure delivers the benefit - enjoying the holiday with friends - which captures our interest and desire. Then you have the 'Buy Now' button placed boldly, encouraging you to take action by buying their holiday pass right away.

     

    Tell A Story

    Everybody loves a good story. And people listen when you talk about someone they can relate to and explain how they beat those challenges.

    And ultimately, your product will help them overcome all the obstacles.

    You can find such technique in emails, landing pages or in videos. No matter what the format is, you'll find 4 common components:

    Opening: Introduce their pain. Explain that the character was living a normal life, and something came and shattered everything.

    Conflict: How the life of the character got threatened if he/she doesn't fight the problem? How does his journey look like while fighting this challenge?

    Dialogue: People are magnetized in a story. It's basic human nature: 2 people discussing. We also love dialogue as it's easy to read and digest.

    Solution: Your product or service is finally introduced as the cure of the problem. Sharing specific results increases the credibility of your product.

    While your story doesn't have to dramatic, it sure has to draw the target audience in. And that's where in-depth research comes in.

     

    Tell More

    When it comes to copy, they say "The more you tell, the more you sell." Meaning that copy with longer facts and benefits will convert better.

    Why?

    Unlike the firsthand conversation with a sales guy, written ads have only 1 chance to convert the reader. Should you get in front of the reader, you have to imply everything out there.

    Take the Google Analytics for instance.

    Pages filled with facts and benefits implied as the proposition ain't simple - usual prospects are going to question a lot. So, it's better to anticipate such questions and answer them in your copy.

    However, while following the basic principles of effective content marketing, keep in mind that not all facts and benefits must be presented up front.

    You can leak the presentation over weeks using an email autoresponder, or a registration-based content library. This way, you're converting long copy into short, easy-to-digest pieces.

     

    Carve Out Red-Hot Opening Lines

    Every ad, sales letter, article, email subject line you put out, begins with one single sentence. This sentence must speak to the needs and desires of people directly and your content must convey what it promised.

    Journalists call the first sentence (or the paragraph) the lede. The first sentence is out there to make your content irresistible.

    The first sentence of your copy must be short. And compelling. So short and compelling that it's almost easier to read it than not.

    And just as all great copywriting, the only goal of the first sentence is getting the second sentence read. And then the third one. And so on.

    And if you lose your reader at any point, you lose everything.

    Now that you know the importance, the question remains:

    How do you go about creating killer opening sentences?

    Here's how:

    • Open with a question to force your reader to mentally respond
    • Keep sentences short to keep your readers reading
    • State your claims bluntly

    Having that said, the best way to learn to create great openings is by studying examples. And to help you with just that, here I present you with some resources:

     

    Before: Hello, welcome to our website. If you're looking for [Product name], you've found the right place.

    After: We don't just take photos. We capture your precious memories so you can cherish them forever.

     

    Before: Our website has been around since 2000, and this is our 6th anniversary online providing designer-inspired sunglasses.

    After: How can you get the latest designer-inspired looks minus the crazy prices?

     

    Before: Our website offers you unbeatable rates and wide-ranging travel services assured to satisfy even the most incisive vacationist

    After: Imagine yourself on the beaches of Honolulu, wandering through the rainforests of Belize, or whisking down a powdery mountain in Aspen. All the deals at 50% off.

     

    See the difference? While the 'before' sentences are mediocre, dull and powerless, the 'after' do a great job of making up for that.

    Bottom line: don't stop at attractive headlines. Keep things going by putting out inviting opening sentences as well. Doing so will help you turn more visitors into open-wallet buyers.

     

    Figure Out Your USP

    Spend some time crafting a Unique Selling Proposition. USP is what makes you stand out from the crowd. It can be a risk-reversing guarantee, some bonuses or anything. Lots of companies are extremely successful by setting their company as their tagline. Domino's, for instance. Their tagline: "hot pizza delivered in 30 minutes or less" is a great USP, making them one of the biggest and most successful pizza chains inside North America.

     

    Study Your Competitors And Other Successful Ads

    Studying the competition is one of the most important things anyone can do. Figure out what they are doing, what they are charging and how are they getting customers. Then swear by these data to leave them behind.

    Observe how your competition considers your customers. Do they look capable and trusted, or full of obvious defects? Do they imply any great tactic to convince the buyers?

    Take advantage of whatever you can as there's no hard and fast rule about stealing marketing tactics.

    Further, you can also read professionally written copy in magazines to understand how ad agencies convince prospects. Especially, you need to focus solely on products and/or services you know your market is buying. Then follow the same approach with your sales page.

     

    Pound Away With Benefits

    Learn to convert features into benefits. Start by creating 2 lists. First, the benefits, second, the features. Now combine them by converting features into extra benefits. For instance:

    Instead of writing "Instant access to", write "You will get instant access to".

    Here you can see the answer to "What is in it for me?". And as benefits focus more on the side of the customer, they do a better job of converting prospects into customers.

    Pack your headline and first paragraph with benefits. Start out with a powerful opening paragraph by spotlighting the most crucial benefits of your service or product.

    Whatever the customer wants you to fill, focus on it all over the first paragraph and your audience would love to learn more.

     

    Flood Away With Bullet Points

    Use bullet points rather than paragraphs for listing benefits. Bullet lists offer the reader small, digestible pieces of information which are easier to read than blocks of text.

    That said, don't turn each bullet point into a new paragraph, because that ruins the entire point of using bullet points. Rather, use them to convey your strongest benefits and excite them for learning more.

    And avoid periods after each bullet points. You can use a semicolon or comma if you want, but period makes you stop the eye. No period means incompleteness so your audience keeps reading.

     

    Eliminate Objections

    Answer every potential buyer. Because online buyers tend to be skeptical of new sites and products offered. So, lots of objections pop up why they won't buy what you're offering.

    Help them beat their uncertainty by answering all their objections in your copy. While your copy won't be loved by everybody, you can shoot up your sales if you help people understand why their skepticism is needless.

    Make a list of potential objections. One of the most crucial advantages of a live sales guy is he can handle any objections. And sales are gained or lost swearing by how well the seller can handle the prospect's objections.

    Before writing any copy, make a huge list of potential reasons your customers may or may not want your product.

    Perhaps, they think it's too expensive? Too time-consuming? Or a ton of other things. Knowing their objections beforehand packs you with the power to point out their concerns on your sales page.

     

    The Basics: Keep Sentences Short, Add Action Verbs, Eliminate Fluff, Add Flow
    Short sentences and eliminating fluff:

    Always go for short, to-the-point sentences. Website copy must have short sentences, with a maximum of 3 sentences per paragraph. Adding too much text is as good as no text at all because prospects will run away instantly if they arrive and see the text just as a textbook.

     

    Verbs:

    "Adjectives are just fluff and air. Like tossing flowers out of your ad to get your prospects attention." — John Carlton

    Loading up your sentences with powerful action verbs shows a difference right away. The other packs-a-punch, and delivers powerful imagery straight into the reader's brain. Because it uses action verbs to describe and removes the fluff.

     

    Adding flow:

    Read what you've written out loud. It is one of the best ways to make sure your copy flows nice and is written well. If you're stumbling on sentences or being lost when reading, your customers will too. Once you've checked yourself, get someone else to read it out aloud to brush up even more.

     

    Embrace Reframing

    A 1999 study showed reframing has a shocking persuasive power. While conducting the study, they went door to door to sell note cards for charity.

    In their first pitch, they offered $3 for 8 cards and got sales at 40% of the houses.

    In their second pitch, they offered 8 cards for 300 pennies, followed up by "And that is a bargain", consequently giving sales at 80% of the houses.

    Such a tiny tweak, yet such great results. But why?

    Here's the deal:

    People aren't used to hearing 300 pennies over 3 dollars. So, their normal thought process is disrupted. Now, while they're counting the actual amount, they're told that 'it's a bargain' to close the deal.

    This is called reframing. It is an extremely powerful tactic allowing you to manipulate the value of an item by comparing and focusing on the reader.

    Here's an example of reframing in practice.

    Why would someone rush to blow 500$ a year, right? After all, that's a good amount for most people.

    But what about $42 a month

    Or $8 a day?

    Seems a lot more affordable, right?

    And that's the sheer power of reframing.

     

    Use Open Loops

    Ever had an amazing TV show that you couldn't take your eyes off? A book that you couldn't close off?

    If so, congrats. You've been through open loops, aka the Zeigarnik effect.

    Open loops seduce our brain's natural temptation for completion. The brain enters a mode of confusion or tension when it finds something incomplete. It could be for simple reasons like a question, a story or even a chore you didn't complete. And the only way of ending the tension or confusion is closing the open loop.

    When writing copy, an open is a part of that doesn't tie up instantly. Applying open loops is easy and makes your copy more attractive right away. Here is an open loop instance from CopyHour landing page.

    The writer starts off with discussing a mysterious secret used by copywriters to fine-tune their pieces and end up making barrels of cash - making you wonder what this secret is.

    However, the writer doesn't stop there. The copy keeps dangling the secret right before your face, strengthening your curiosity and getting you more interested to find out what is actually is, consequently, bumping up the conversion.

    It's easy to implement open loops.

    The most effortless way to start is by asking more questions and vaguely imply on them. Just as the example above. This lack of completion gets your reader more curious and invested in your writing.

     

    The Ultimate Tip

    When you sit in a room and talk about a campaign, everyone's got an opinion. Some think you should use one picture, while others vote for another. Some support larger fonts, while others advocate smaller.

    Often when you come up with an initial design, you just have to opt for an option or another swearing by the best information at your disposal. And when possible, you have to test to figure out how your copy and design actually performs.

    Testing does a great job of learning how your target responds to various pieces of copy. They may respond better with "special", "free" or "powerful". Regardless of the case, every time you do an A/B/C/D/etc. test, you learn new stuff regarding your business.

    How much of testing should you do? Well, that's up to you. You can keep sharpening your campaigns by testing new elements. And luckily, the internet makes it almost effortless to conduct test nowadays.

    Realize that testing can reveal profit and revenue possibilities you never thought were feasible. If replacing one word as the subject line can give you 10,000 more clicks, imagine how it'll impact your bottom line.

    Testing can be intriguing. But once you get hold of it, opportunities are limitless.

     

    Last Words

    Mastering copywriting takes time. You have to focus at each tactic at a time. But once you've got the hold of it, the rewards are humongous.

    If you'd like to mention some other effective copywriting method that I forgot, let me know in the comments and I'd get back to you right away.


    You can read this article with lots of nice illustrations and styles on our website :)

    submitted by /u/richclominson
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    Psychological effects of entrepreneurship and the irony of reaching success

    Posted: 01 Aug 2018 01:49 PM PDT

    As I've seen more personal success, I realized it is becoming harder and harder to share wins, especially specific numbers, with friends--even other entrepreneurs, for fear (or reality) of others being jealous of me or thinking I'm bragging, when I just want to share my life experiences and to inspire others.

    This has led recently to me celebrating alone and not telling anyone, which feels incredibly lonely.

    I recently secured a few good wins, and was about to tell a few friends, but then didn't because I didn't want to be taken the wrong way.

    Even doing this on reddit feels like it will be taken the wrong way, but I'm just trying to get this off my chest even if only a few people resonate.

    Anyone else deal with this?

    submitted by /u/broseidonswrath
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    How to Maintain the Momentum of Success

    Posted: 01 Aug 2018 01:28 PM PDT

    Every person has achieved some degree of success at different points in their lives (no matter how small they may seem, and at any age). It wasn't until I was 17 that my confidence started to grow exponentially. Even then, I still was very insecure compared to how I am today.

    I had many points in my life where I'd have major success, then a "downfall" soon after. I felt frustrated as I felt like every time I got "up", I'd fall right back down again. There were many times where I tried to be frugal and would still end up spending way more money than I expected. This was a cycle in my life that had to end and I knew it wasn't going to stop just by "saving money."

    I concluded that I could solve this by making so much fucking money that I wouldn't have to think about spending ever again. On the path to success, you must not forget that the ups and downs are part of the ride and that there willbe a day where you won't ever have to worry about money again (along with many other things). If you want to achieve the light at the end of the tunnel, you must be willing to accept the good and the bad to get there. I've dealt with many people that I never wanted to talk to in order to get where I had to go. Since I've reached a certain point of success in my life, I now only deal with those that I want to work with. Of course the losers still try to remind me that they exist, but their ignorance doesn't affect me in the way it did before.

    The moment you succeed at something, whether it's blowing up in the news or earning $500,000 in a week, pretend as though it didn't happen. When I say this, I'm not saying to actually believe it didn't happen, rather, work as though it didn't happen. This will allow you to put a healthy amount of pressure on yourself to exceed further than you could've ever imagined. When I had a great success in the past, I would sit around a bit and act as though I wouldn't have to work again, even though I knew I'd eventually have to. Now that I no longer lie to myself, I am aware that in order to never have to worry about money again, I must consistently stay hungry.

    When you are always hungry, you will always do what it takes to eat. The reason I know that I'm going to become the youngest self-made billionaire, and the world's first trillionaire is because I am the most hungry entrepreneur in the world. My appetite is so large that I can, and will handle whatever it takes. This is also because I have a deeply rooted passion for what I do that is far beyond making money. It is not the money itself I care about, rather, what positive change I can bring with the money I earn. I've dealt with the worst case scenarios so many times that nothing bothers me anymore. I wouldn't say I'm "numb" to it, rather I don't let it insinuate doubt like it used to because I know that my path will bring so much good to the world that I do not have any other option but to succeed.

    In order to maintain the momentum of success, you must continuously repeat the type of actions that bring further success. While this sounds obvious, we often find ourselves getting far too comfortable when we succeed instead of trying to bring something new to the table. With the recent press I've gotten, I know that I can't just repeat the same thing to get more press and that I need to come at it from a different angle. As some of you may know, I rap and with that, I plan to market myself in a completely alternative industry (music) that will help bring success to my main projects including Kelsey Coin. Mohammud Hassan, the world's first Kelsey Coin buyer, found me after Riff Raff linked a song on his Twitter that we made called Drank All Over My Clothes.

    Now even if my music endeavors don't succeed at this time (although I know they eventually will), I still have alternative ways to market myself to continuously remain on the press and accomplish my goals. No matter what "blockages" you encounter on your journey, the only way to push forward is by finding your way around them. You will notice that every "blockage" is actually life telling you that there is a better way regardless of whether it's aligned with your original plans. In 2014 I knew that I would become successful soon, but I did not know exactly how. Four years later, I look back at my life with a massive degree of appreciation, as the beautiful things that have occurred made me realize that life itself is greater than any dream.

    I look at success as a boomerang that you throw out into the world and three years later it comes back to you along with a whole lot of rewards. As you continue to maintain the momentum of success, you will find yourself having gone further than you originally thought, and in a way that you can only experience to truly understand how it feels.

    submitted by /u/theycallmecpk
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    Help with manufacturing tips for niche card game product designed for language education

    Posted: 01 Aug 2018 01:12 PM PDT

    We've made a card game that teaches a foreign language with the intent to accelerate learning for casual learners. The game has about 100-150 cards (if we have room for more, great!), and we're fine with doing B&W prints.

    We found some online game makers, but their rates eat so much into our margins that we'd be operating at a loss. I can post sources here, but don't know if this is a violation of subreddit rules. We've been quoted as much as $0.60 per card and $2.99 per box. Then we look at games like Cards Against Humanity and they're selling sets of 600 cards + large box for $25!

    We are willing to do small bulk printing (we have a $1,000 budget for all business expenses) and aren't afraid to make a trip to the PO to ship ourselves. What can we do? What are some options we can explore?

    We are educators and none of us have experience in manufacturing, so any help would be greatly appreciated. And as always, thank you SO much!

    submitted by /u/conjunctional
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    Planning and Startup Questions -- Property Management LLC

    Posted: 01 Aug 2018 12:55 PM PDT

    Hey All,

    I know absolutely nothing about starting your own business. Literally nothing. That being said, I know a little bit about property management (2 years residential, working on 1 year commercial) and I was thinking about possibly starting a small LLC on the side to do some commercial property management on top of my day job. For some more relevant information:

    -This is in the Denver and surrounding area.

    -I think the very first step I'm going to take is getting my real estate license (starting the process in about a month or so).

    -I don't plan on buying any rental properties. Literally just managing other peoples properties for them.

    -I don't plan on actively pursuing the creation of the LLC for around one more year, I just want to get everything in line before then.

    So the thing is, I have absolutely no idea where to start. I know what I *want* to start with is a name, I just have no idea how to come up with one. I think just coming up with a name will put a label on the goal that I want to reach. It won't be some abstract concept of "future property management company" but an identifiable concept like "x name".

    Additionally, is there some type of... checklist (maybe not in a literal since) of things I need to do, consider or prepare for in advance? Any help on just getting started would be appreciated.

    submitted by /u/captpandor
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    How do we gain initial users on our new app?

    Posted: 01 Aug 2018 12:53 PM PDT

    My friend and I are in the process of creating a music streaming app/website! What steps would you guys recommend we take to gaining initial users?

    submitted by /u/eorg99
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    Need better pricing on Marketing Automation / Email campaign manager for 200k contacts

    Posted: 01 Aug 2018 12:51 PM PDT

    Any of you with large customer databases figured out a way to keep your costs lower? Almost everything out there is insanely high for this amount of contacts.

    Currently on Autopilot. Mailchimp is somewhat affordable but it's very limited, ActiveCampaign, HubSpot are all overpriced for what I need.

    Thanks

    submitted by /u/drteq
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    I want to make money online or learn how to as a teen. What should I do/what skill should I learn for it?

    Posted: 01 Aug 2018 12:43 PM PDT

    I want to make money an have my own money,have money to help my parents but idk what to do or what to learn or where should I start.

    I have no money to invest or starting capital!!!!!

    submitted by /u/gueinibba
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    Difference between business and entrepreneur

    Posted: 01 Aug 2018 11:37 AM PDT

    This seems obvious. It also seems arrogant to some. But it is just a genuine (possibly rhetorical) question, to make a point on a view I have and hopefully debate and learn.

    TLDR; Q: What is the difference between r/Entrepreneur and r/business? Or, what is the difference between entrepreneurism (besides that its not a real word) and business?

    Long (boring) version

    My opinion, well, first, my brief background:

    I am a Mechanical Engineer with masters degree who worked as a professional in the power generation industry for 10 years and then emigrated to the US recently, half (unsuccessfully) looking for a job and half (looking at starting a company). I have too many eggs in too many baskets. I have done Udacity's Self Driving Car and FullStack Developer Nanodegrees, and learned with pramp and 'cracking the coding interview' to appreciate data structures and algorithms and the kinds of problems developers must solve. So I can code and build stuff. I like data (eveyone does) and have spent a lot of time building stuff with tableau public. My money I have saved (not a lot, when converted to USD from my '3rd world' upbringing) is all in Tesla, as it is the most logical place to put it (please don't debate me on that in this forum - just sharing my background).

    I want to build a company and understand the obvious leveraging that software allows one. But no matter where I go, from indiehackers, to reddit, everything about entrepreneurism is either: start with basics mow lawns, and then buy the mowers and have a yard service to........... make billions!

    The the only thing in between are not tangible - seo, marketing, saas, following leads, productivity apps, selling courses on online marketing and branding, selling courses on coding interviews, selling courses on self improvement, etc. Anyway, I am not selling anything and have nothing to get you onto (I do have a tangible business which I hope will work, but who knows).

    My point is that there seems to be a problem in that people could make businesses and the mental distinction between business and entrepreneur just hurts everyone, especially entrepreneurs. It should be the same group with the same challenges, because they are the same thing imo (obviously not exactly the same thing, but I have taken a long time to make the point, so I am leaving it there). There could be a lot more discussion on middle stage businesses and the owners and their tactics, or when discussing businesses in this subreddit, also hold the owners and managers of the businesses to account, as important factors - this seems obvious but I don't see it happening. If allowed, I will copy and paste this as is in r/Entrepreneur as well.

    I will obviously get distracting comments (making a joke of my point or background description, which is fine) and offended comments (from those selling courses and seo companies, etc) but hopefully I will get some useful comments/ insight on the general idea I am getting across, even if I have done it badly, and hopefully some discussion on that for some people's benefit.

    EDIT: The motivation behind me ask this question is that there are thousands of posts, podcasts, courses on

    1. 'dropshipping' - read: I don't make the product, I dont do the delivering, I don't do anything of value except tweak the connection between the suppliers and the purchaser.
    2. 'branding, marketing - read: I don't make something people love, but I know how to manipulate social media and expertly place my ads in the right place to get the most 'clicks'.
    3. 'selling courses'.

    All of the above is fine, but isn't the heart of business and entrepreneurship making cool things that people want. Like you don't have to be musk, but you can still make something cool. Millions do, and I plan to/ am busy. And its really really hard, and I just thought that there would be a LOT more discussion on this. IndieHackers, and people like Peter Levels was for me great initially, but most of their content is now just the same seo-ish stuff.

    I think that the main differences, eg:

    - that comments on the earnings, or financial results for a publicly traded company, have nothing to do with r/Entrepreneur is not a good enough reason for them to be two separate subreddits. Every entrepreneur should be thinking about those types of things.

    What else?

    submitted by /u/supalist
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    Starting a Restaurant- Things overlooked

    Posted: 01 Aug 2018 11:12 AM PDT

    Hello,

    I moved from an urban center to a small town. I have had someone approach me about a possible restaurant because the city is expanding.

    What are some details that are often overlooked in an endeavor like this?

    submitted by /u/zeusismydad1
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    Fruit wholesale supplier profit margins.

    Posted: 01 Aug 2018 11:08 AM PDT

    I wanted to know if anyone is familiar on the profit margins of selling fruit and dried fruit. I know someone in a third world country that has access to hundreds of tons of many different kinds of fruits and dried fruits that are of good quality, and I wanted to know the profit margins per ton if anyone is familiar with it.

    submitted by /u/Nickamin
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    I own a sportswear company and looking to get into being the kit supplier of teams

    Posted: 01 Aug 2018 11:08 AM PDT

    Does anyone have any information about prices / how I would go about contacting clubs and it can be done all online like I am running the company currently?

    Thank you in advance

    submitted by /u/eboau
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    Is my SaaS a good idea? Should i stop or keep going?

    Posted: 01 Aug 2018 10:56 AM PDT

    So i have been coding and doing some research, I have built a prototype web app that helps Big Buildings/Apartments manage all their operations and day to day activities.

    I am a bit hesitant to keep working on it. I'm afraid that something similar exists? even though I havent seen much out there. The app can also be used for property management companies as well.

    Is my idea a good one? should i keep going or just quit while i am ahead and not waste time? How can i make my SaaS Profitable and even start to sell it? Is there a demand?

    I guess a bit of self doubt is creeping in, just wanted some perspective and ideas from you guys.

    submitted by /u/GoGev
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    Setting up LLC w/ Lawyer or Online - Medical Practice (Texas) -

    Posted: 01 Aug 2018 10:52 AM PDT

    If wife and I are opening a Optometry Practice in Texas, how would I go about setting up an LLC?

    Is this something I can do myself or should it be done with a lawyer?

    submitted by /u/theflyersrule
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    What business did you start with little/no money? What resources do you wish you had?

    Posted: 01 Aug 2018 10:52 AM PDT

    Curious what can be started with little/no money.

    submitted by /u/createanewaccountuse
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    Need feedback on landing page for upcoming SaaS service

    Posted: 01 Aug 2018 06:59 AM PDT

    Hey,

    I've been doing data-mining / web scraping in freelance for many years. Lots of my clients are e-commerce store / marketplace sellers wanting to monitor their competitor's prices or supplier's prices. It's almost always the same problem, they want a dashboard with pricing history, and alerts on price changes.

    There are existing solutions to this, but it either cost a LOT or you have to create the scrapers yourself (looking at you import.io) and it can be buggy / difficult to do it yourself.

    So I thought it could be a great idea to build a tool to automagically track your competitor prices, and get alerts on price changes. All you have to do would be:

    • Enter your competitor's URL --> the tool will scrape the entire website OR

    • On a product page, click on the browser extension --> the single product will be tracked

    I'm on the Proof of concept phase, and I'd like some beta testers for the upcoming beta.

    What do you think about the landing page ? Is everything clear ?

    Link: https://www.pricingbot.co

    Thanks for your help

    submitted by /u/BobbyTaylor_
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    What’s the best way you’ve found to market yourself on social media?

    Posted: 01 Aug 2018 10:32 AM PDT

    What are some good reads about brand loyalty, creating a movement, etc.

    Posted: 01 Aug 2018 10:13 AM PDT

    Not sure if the title gives it justice. We want to create a sense of belonging, a tribe, that our members are proud to belong.

    submitted by /u/mrvaleur
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    Using father as a mentor m/business partner

    Posted: 01 Aug 2018 10:02 AM PDT

    Hi, I am a 20yo m with a solid business idea using an app to sell and deliver consumable products. due to my age, I have very little experience in business. My father however, has 50+ years experience running businesses from the ground up, and doing very well in the process. He has been semi retired for many years, and only works for fun now really. The last time he seriously ran a business was selling products via the newspaper, as the internet wasn't widespread at that point.

    Now, my idea requires the internet and apps. Things that he doesn't know a great deal aboit. Obviously the business world has changed since he was a major player. Do you think it would still work if he became a partner of sorts?

    submitted by /u/crackheadt5
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