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    Wantrepreneur Wednesday! - (August 08, 2018) Entrepreneur

    August 08, 2018

    Wantrepreneur Wednesday! - (August 08, 2018) Entrepreneur

    Wantrepreneur Wednesday! - (August 08, 2018)

    Posted: 08 Aug 2018 06:06 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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    I manage $2.5million in monthly Facebook ad spend. Hammer me with your FB advertising questions. AMA

    Posted: 08 Aug 2018 09:23 AM PDT

    I'm not an entrepreneur. But I have worked in digital marketing for 5 years for all sorts of companies and clients.

    Currently manage Facebook advertising for a large e-commerce company in the US.

    I LOVE this subreddit and wanted to give back. So please ask me ANYTHING about Facebook advertising.

    And no, I don't have anything to sell, or want you to join some private Facebook group or any of that bullshit. Just here to help.

    Edit: keep questions coming please I need to step off for a couple of hours BUT WILL BE BACK!!

    submitted by /u/jihadthisfilth
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    3 Years ago I started a company with my last $7k. Now I am making $19k pure profit per month! AMA

    Posted: 07 Aug 2018 01:16 PM PDT

    Proof: https://imgur.com/a/dCCWg7u

    A little backstory:

    I used to work for a major corporation doing customer service & managing social media accounts. I could usually finish my daily tasks before 3pm. The job was not challenging at all, no chance at a promotion and I was bored out of my mind. I was literally counting the minutes until 5 o'clock. Although I was getting by fine, I figured this way no way to live my life. So with some free time on my hand I started to look for different ways to start my own business. I tried a bunch of different things ( affiliate marketing, dropshipping, etc ) until I found out about selling on Amazon. I figured if other people can make money doing this, I can as well right? So I started doing research. And I was serious about this. For the next couple of weeks I devoured every FBA blog, podcast, forums, case study on the web. All the information was out there for free and I wanted to read it all. So after I felt I was ready to pull the trigger I used my $7k I had in savings to place my first purchase order in China. It took about 3 months before I made my first sale, but after that the sales kept coming! It took another 4 months before I was making more with Amazon than I was making with my day job. At that point I directly quit my job and went full-time Amazon FBA. Now 3 years later I am still growing every quarter and am currently making $19k a month.

    If anybody is interested these were the requirements for my first product:

    • High demand:
      At least $3000 revenue per month for competitors in my niche.
    • $15 + Sales price
    • Low competition:
      The competition should have around 50 reviews or less.
    • Easy to manufacture product:
      I don't want to deal with electronics or anything that might break easily
    • Healthy profit margin:
      Profit margin should be at least 33% of the sales price. So I want to make at least $1k per month on this product

    Update: Wow thanks for all the responses! I get a lot of people asking me how it works with estimating product demand and manufacturing in China. If you are serious about this you can read my blog where I pretty much share all my Amazon experiences.

    submitted by /u/FBAThrow
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    How Marketing Will Change In The Next 10 Years

    Posted: 08 Aug 2018 12:19 PM PDT

    For me, the clearest trend will be the continued shift from push marketing to pull marketing.

    Let me explain.

    In push marketing, the idea is to promote a product or service by taking it directly to the consumer and asking for a direct response. Seeing display ads on the side bar is an example of push marketing.

    In pull marketing, the idea is to establish a loyal following and draw customers to your business. Finding an article through search answering your questions is an example of pull marketing.

    In essence, you go to your consumers in Push marketing while your consumers come to you in pull marketing.

    Advertising fatigue

    It has been estimated that the average American is exposed to as many as 4,000 adverts a day - a number that has grown significantly over the last couple of decades.

    It's supposedly grown so fast that our brains are becoming numb to most traditional advertising, not even registering most adverts.

    As humans, we have never liked being explicitly sold to.

    We like to think we are making our own decisions rather than being manipulated.

    In the present day, there are loads of tools to help us turn off traditional advertising. Smart TVs can now fast-forward past adverts, music streaming services allow us to pay for ad-free music and online banner ad blockers are more intelligent than ever.

    As such, marketers have had no choice but to resort content marketing, a form of pull marketing focusing on adding value first to your clients.

    The growth of content marketing

    On the other side of this coin, content marketing has been growing at a phenomenal pace, and there are no signs of this growth stopping either.

    This growth will inevitably lead to more businesses creating more content. It'll means that the average online business will have to do more to stand out.

    We're arguably already at the stage where a 500-word blog isn't enough to capture an audience.

    These businesses will have to use the right content formats at the right time.

    Planning content for the every step in the Buyer's Journey

    More than ever, businesses will have to be strategic about the content formats they employ.

    While a customer testimonial video is great for a landing page, it might not be the best route to take in a Facebook ad for people newly exposed to your brand.

    This post has more tips on what you can to make your content stand out in every stage of the buyer's journey.

    Videos

    Videos - a powerful form of interactive content - will become more common and there are strong numbers to back up this prediction of growth.

    For example, SmallBizTrends research suggests that businesses using video will account for 41% of the online search traffic.

    Perhaps there's not much room for growth, but there's no question that your brand will have fallen behind if you're not doing it.

    The content marketing revolution is coming. The question is: what are you doing to prepare for it?

    How do you forecast marketing changing in the next 10 years?

    submitted by /u/EvaMD1
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    The 4-Step No B.S. Guide to writing a landing-page that will bring you real conversions in 2018

    Posted: 08 Aug 2018 10:30 AM PDT

    A bit about why I am writing this:

    I am a conversion-optimization specialist. I have optimized lots of websites (mostly small-business and start-ups) for better conversion-rates, as a professional conversion-consultant. (I do copywriting as well).

    My line of work makes me see hundreds of business landing-pages every month.

    I see so many of un-optimized and scrambled-together landing-pages, whose business owners are frustrated due to getting very low conversion-rate. Still, they keep throwing more money on Facebook/Google ads, just hoping it will change magically if they only run more ads and bring more traffic.

    Most often, I see this on the websites of small-businesses and start-ups, which is understandable as they usually can't afford to hire a consultant to look at their website landing-page or conversion-funnel to optimize it.

    There are so many small-business owners on reddit who need to get their landing-page/home-page optimized for maximum conversion-rate before continuing to throw money on bringing traffic with Facebook and Google Ads, that end up being wasted.

    By not optimizing your landing-page, you are squandering money on ads more than you should be. If you continue doing that, you are basically decelerating your business and getting closer to running out of fuel(money) to run your business.

    I have distilled my framework of putting together a landing-page that really converts, something which I have implemented for dozens of clients resulting in visible improvement in conversions.

    Here is a No B.S. guide for you to learn how to build a landing-page that will bring you real conversions:

    (with practical steps & methods to implement on your website & get more conversions)

    • THE FIRST LOOK:

    The first look(i.e. top section of your landing page) is what a first-time visitor sees on your landing-page. This sets the tone of what impression you leave on your new visitor. It's the digital equivalent to saying Hi to someone(who you'd like to be friends with) on the first day of the school or introducing yourself at a networking event lunch crowd.

    What you don't want to do:

    You don't want to throw everything about yourself in detail on the first meeting. You don't tell about your brothers' dog's therapy right away when you meet someone first-time, do you?

    Let the information flow in a easily-understandable sequence and with context.

    What you want to do:

    You want to clearly inform them of who you are and what you do(only the part relevant to them), as clearly & concisely as possible. At the same time you want to inform the listener/reader why he/she should be interested in listening to you or in other words, not bouncing off your landing page within next 5 seconds.

    Here's a good example of how Airbnb does this well: Imgur_Airbnb First look

    • THE GLUE OF TRUST:

    So you just made your (and your business's) introduction. Most probably, the introduction included that 'you offer something of value to your prospect in exchange of money or some other valuable thing'.

    The next thing that pops-up (right after your introduction) in the mind of your visitor/listener is "Why should I trust you?" .

    You can try to explain in 1000 more words and still they won't trust you. Why would they? They are so many strangers on the internet offering one thing or other, many of them scammers. After a ton of scam stories that come out of internet, Internet users are now understably into their dont-trust-anyone mode: so they are cynical, sarcastic and defensive when you, as a stranger, offer them something new.

    What you DON'T WANT TO do:

    You don't want to try to explain to them in long-explanations, mostly basing everything on your word. If they wanted to trust you, they would have done that in the first two sentences. Only thing you will do by entering into long explanation is bore/annoy them, which means, losing their attention, hence any prospect of building a relationship & doing any kind of business with them.

    What you WANT TO do:

    If you want to make them trust you, be on their side. Show them that in the US vs THEM distribution from their perspective, you are the on their side. The most effective way to achieve this is making them read/hear/watch what people like them are saying about you/your business.

    Social Proof is the glue of trust that makes your first-time visitor stick and not bounce off right away.

    Feedback/Testimonial Reviews can be in text or audio/video format. Audio/Video testimonials are hard to get but more effective for business who sell high-priced or more complex products/services. For most consumer businesses with pricing under $100, text feedback works fine as long as they are genuine and there is contextual identity of the feedback giver: name, designation, location.

    Apart from feedback from your real customers, Quotes from trusted authority sources

    ( known publisher media/ expert/ rating agency) work as well, as long as they are source

    Is trustworthy and the quote includes you/your business in a direct manner.

    Tip: Don't wait to give the Testimonials at the end of the landing-page; after explaining your service and all about yourself. Trust needs to be established in the first note, first meeting. So, throw the social proof in your visitor's face in big/bold, right after the introduction.

    If you want to verify if this works or not in real, test it yourself for one week by excluding ( the social proof from your landing-page/homepage or relocating it to the end of the page. Or if you have been doing it wrong till now, test by making it right as I explained. You will see the results yourself.

    How do I know this works?

    I have done this for my own website projects and lots of other businesses whose websites I've optimized for conversions as a consultant. And it has shown dramatic difference in on-page time and bouncing-rate in User Behavior stats.

    • THE HOW-IT-WORKS PITCH:

    Now you have introduced yourself and established the trust, now you have their attention. You have made it to the point where they consider reading/listening/watching your pitch worthy of their time and consideration.

    Bringing new traffic to read this section is not easy and only a fraction of your total visitors will be here reading this, so when they do, you don't want to waste this opportunity.

    What you DON'T WANT TO do:

    • You don't want to occupy this section just with your blabber about yourself or your product's features or ingredients of your service:

    I know you are craving to share all about what you have worked on but your prospect is never the right ear for that.

    THEY ARE NOT INTERESTED. PERIOD. Do that sharing with your friend, partner or your team instead.

    • You don't want to make sky-high promises which are obviously unattainable.

    This will dilute their trust in you. Why would you don't want to lose the chance to offer them genuine, realistic value, that you can rightly deliver and better their lives?

    Be straight-up with them and even admit a flaw, this increase your authenticity/believability. But remember: the flaw that you admit should be strategic (like how you failed in something which made you strive to learn more about that thing and now you are better at what you do).

    Don't be a sympathy seeker, this will backfire. Don't reveal things like you still pee in your bed at 23 if you do.(unless that is relevant to your pitch somehow).

    This particularly applies to content creators (YouTubers/Bloggers)

    • You don't want to be too broad & generic in your offerings.

    (This requires you to having done your research about the customer segment and shortlisting what are the things they want.)

    Differentiate yourself by being specific. Solve specific problems. Provide a product/service that can benefit your customer right now.

    Find your niche. Even better, create your niche. Instead of being a generic copycat of hundred other competitors, being niched would give you a better chance to find, acquire and retain loyal, paying customers as you will be able to serve them well, to the degree they aren't getting served by anyone else right now.

    What you WANT TO Do:

    • This is almost a cliche now, but very true: Talk about Benefits not Features.

    but, you can go one step further:

    Feelings:

    What feeling those benefits will generate in your customer? (Will they feel much more confident wearing that leather jacket that you are selling? )

    Go even one more step further:

    Emotions:

    What emotion that feeling invoke in your prospect?

    The core emotions (Desire, Fear, Anger, Joy, Disgust, Lust, Surprise etc) are the root of the mechanism that we humans base our decisions on, and your prospects are the same humans. You want to have it clear in your mind which core emotion(s) you are invoking/aggravating when you write this section, i.e. present your pitch.

    Will wearing that leather jacket help your customer in fulfilling their desire to get someone's number in the club?

    The DESIRE is the emotion you are after here.

    If you are selling automated home-security systems, the Feeling that you should be selling is of safety and the core emotion that you should target should be the FEAR of getting attacked.

    Here's a real example: a website selling premium polo shirts that I came across in a post on r/Entrepreneur subreddit last week. It is well-written, with a detailed infographic, but still fails to capture attention.

    Why?

    Because it goes into every little detail about how the material they use to make their shirts to explaining every step of the process they go through to make their shirts different.

    However, they do just that, they don't talk about how it benefits the buyer, how can it make the buyer feel when they wear it. There is no core emotion targeted/invoked here. 99% of premium items are sold with emotional purchases.

    Have a look on this website's 'sales-letter' yourself here to see what I am talking about: Niccolò P. premium polo shirts

    Is it a surprise now if I told you this website is struggling to convert the expensive traffic they are bringing by spending heavily on pricey Facebook and Google Ads?

    REMEMBER:

    FEATURES < BENEFITS < FEELINGS < EMOTIONS

    • Make your pitch pleasant to read and easy to scan.
    1. Text wall: No No.
    2. Images & Illustrations: Yes Yes.
    3. White Spaces: Yes Yes.(not more than 4 sentences without white space or bullets)
    4. Conversational Tone: Yes Yes.
    5. Writing in Third-person: No No
    6. Invoking the Problem/Pain : Yes Yes (Dig it in, make them see how frustrating or painful it is for them, without your solution)
    7. Visualizing the Pleasure: Yes Yes (Let them imagine and almost feel how good it will be with your solution, give them a picture: real or with words)
    8. Presenting you as the solution: Yes Yes (It should be natural to want your solution after showing the problem/pain)

    Stay on the point. Talk about What's in it for them? And How your product/service is the key to get their pain removed and to access that promised land of pleasure.

    • THE CALL-TO-ACTION:

    This is the step you have been waiting for.

    Introduction is Done.

    Trust is Established.

    Pitch has been presented rightly.

    Now will they buy?

    At this point, the ones who are willing to pay and are able to pay will separate from the rest and these are the people who will supply the fuel(money) to your business.

    You want to treat them like Kings. And how do you a treat a King? Do you make them run around checking 4 different pages to find out where & how to buy your product or subscribe to your service? NO. You don't do that.

    Instead what you do is make it the most convenient experience of their lives to give thier money to you. Put on a very visible sign/button which calls them (actually, implores them) to take that action (opt-in/buy/register/subscribe). Make the buying process as convenient as possible. This includes ordering page, shipping & billing process. Make it very very easy to give you money.

    Extra Tip: Add Secure Payment trust badges at payment stage to add more credibility.

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

    If you followed this, Congrats, you have reached the point of conversion.

    Now go implement this framework on your website's landing-page and start enjoying better conversion stats for your website.

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

    If you have more questions on conversion-optimization of your landing-page, ask in the comments. I will answer as many as I can.

    If you have already implemented it for yourself, do a favor to someone you know who can use this framework to improve their website conversions, by sharing this post with them.

    submitted by /u/riskisokay
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    How to contact buyers from retailers and wholesalers

    Posted: 08 Aug 2018 09:32 AM PDT

    As mentioned I am looking at importing a product which I will retail myself on a website but I have also secured a nice discount of large orders so I am thinking about contacting health food wholesalers or shops to offer the product at wholesale price. My question is, how do I do this in a professional manner without looking like a two bob, hatchet job sales person selling trash.

    submitted by /u/Maumau93
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    FYI - major Google update KOed a ton of YMYL sites.

    Posted: 08 Aug 2018 09:31 AM PDT

    Don't blame me for the acronyms - it's from Google themselves.

    YMYL = your money your life. Basically any website that talks about your finances/health/fitness/etc.

    Big focus seems to be on EAT - Expertise, Authoritativeness, Trustworthiness

    Good article on the acronyms: EAT and YMYL: New Google Search Guidelines Acronyms

    Two good articles worth reading:

    Incidentally my company has incredibly high EAT and our rankings went up strongly.

    submitted by /u/AhmedF
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    Treasury Issues Proposed Regulations on New 20% Deduction for Pass-Through Businesses

    Posted: 08 Aug 2018 08:04 AM PDT

    Treasury just issued the proposed regulations on the 20% pass-through deduction that the 2017 tax cuts created. Allows small businesses to deduct up to 20% of income up to the $157k single/$315k married income point, with some complications after that point, which are defined in the regulations put out today:

    https://home.treasury.gov/news/press-releases/sm456

    Looks promising for product-based businesses (for example, you have an iPhone game you sell). Consulting businesses would not get the deduction above that point (making iPhone apps for others for a fee).

    [Of course, you should consult an accountant.]

    Edit: downvotes? This will probably be a huge boon to entrepreneurship and encourage people to strike out on their own. We should all be jumping for joy.

    submitted by /u/cutecottage
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    Entrepreneur who has gone through making their own plastic mold for your product. What should I ask for and how to I chose manufacturer?

    Posted: 08 Aug 2018 10:18 AM PDT

    I'm currently design my own product and looking at manufacturers. There are too many around and I've no idea about molding and what to ask for. I want the mold and product made in China, the cost of molding in the US is excessive.

    What questions should I ask to weed out the bad guys ? How do I protect my IP ? What kind of contract term/NDA/NNN should I ask before/after sending my design over for quote ? I'd like to own my mold, so if things go wrong, I can move it to another manufacturer.

    I'm planning on patenting the design, but can't afford the cost right now. Any ideas or advices to avoid common pitfalls with molding manufacturers appreciated.

    submitted by /u/n0xz
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    How do I acquire clients before my website SEO kicks in?

    Posted: 08 Aug 2018 10:14 AM PDT

    Hey guys,

    First-time poster here, and just decided to start my business last month. I'll start with a brief background:

    So far in my professional career, I have worked with 3 firms. I started with a Big 4 consulting firm in their Analytics department, and post-MBA moved on to their Digital Marketing team. After a couple of years at that firm, I joined a Startup group out of Germany (an infamous one), and headed the Marketing efforts of one of their startups for South East Asia and Australia Regions, before moving on to a SaaS B2B firm.

    In all these roles I primarily focused on SEO while learning broadly about Inbound Marketing. In June, I decided to open my own SEO firm, focusing primarily on White Hat SEO services (backlinks + content). While the network I had created helped me in acquiring 5 Consulting gigs so far, it has sort of dried out now. I paid a web-dev some cash to create a website which is almost ready, but will obviously take some time to start ranking. In the meanwhile, how do I acquire clients? What should be the overall strategy moving forward, and what could be the things that I should be keeping in mind, especially if there is someone who has worked in this field.

    Any help or advice would be deeply appreciated.

    Cheers!

    submitted by /u/randomvariable10
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    Free Traffic Sources That Have Gotten Me The Best Results For My Time

    Posted: 07 Aug 2018 11:32 PM PDT

    I've tried a whole bunch of different free traffic sources over the last 2 years of my affiliate marketing journey including : YouTube, Facebook, Instagram, Twitter, LinkedIn, WonderHowTo, Forums, Quora, Google+, StumbleUpon and probably a few others I can't think of at the moment. I've had some level of success with almost all of these, but there a few clear winners that will get you the best results for your time.

    Personally I've had the best success on YouTube, especially when it comes to converting the traffic. I have one gadget based channel that gets me thousands of views per video, another channel that pulls in a couple hundred views per video, and I just started a third YouTube channel this week (that's how much I love YouTube). This may not seem like a lot of traffic, but just between the two channels that are already established I make anywhere between $1,000 and $3,000 per month.

    Some tips that have helped me get the best results on YouTube are uploading consistently, having good channel branding, and putting a lot of effort into SEO.

    • Upload Frequency I recommend uploading as frequently as possible without sacrificing quality, for me that's once per day on the gadget channel and 3 times per week on my other channel. If you aren't uploading quality content you can't expect to get traffic. If you wouldn't even watch your own video you sure as hell can't expect some random people on the internet too!
    • Channel Branding The goal with using youtube for affiliate marketing is to become the go to authority figure for all the questions in your niche, and that starts with branding. Branding makes it easy for people to recognize your videos, know exactly what your channel is about, and ultimately helps you make more affiliate marketing sales. So how do you create good channel branding? It's all about consistency and following a theme. You want to make sure your thumbnails include the same logos, colors and even the same text, you want to make sure that you have a good Channel Banner that lets newcomers know exactly what your channel is about and how often you upload, you want to have a good intro and outro for every video, and lastly you want to make sure you have a good Channel trailer that tells everyone exactly what to expect out of your Channel. You can see an example of how I implement all of these here.
    • SEO When you're just starting out on YouTube most of your traffic is going to come from searches, so you need to make sure your SEO game is on point. This means doing keyword research using free tools like keywords everywhere and to tubebuddy, and then including those keywords in a good description, in your title, and of course in your tags as well. I try to make sure my video descriptions are 200–500 words long, and I make sure to transcribe my videos (every little bit helps)

    The other free traffic source I've a lot of success with is Instagram. I know Instagram is really tough for affiliate marketing due to its lack of analytics and lack of support for clickable links, but it is a lot easier to grow compared to YouTube. Here are three tips that I use to get the best results possible on Instagram.

    • Tip #1 Post links to your landing pages and websites within your stories.Now before you get all like, but I need to have like 10,000 followers to be able do that. Let me give you a simple strategy to get there asap.
      • The strategy I use is one I found from Gary Vee and that's the $1.80 strategy. This strategy may take a little bit longer than follow unfollow method, the fan page method etc, but it gets high-quality active followers that will convert. Basically with this strategy you search up 10 hashtags in your niche and and leave your 2 cents, AKA a comment on the top 9 posts for each hashtag.
    • Tip #2 Use a tool to put multiple links in your bio. This is especially helpful for the people who haven't unlocked the ability to put links in their stories. I use the tool elink.io(Its Free). It lets you share links to multiple different landing pages and offers which is great for split testing, while you simultaneously share links to your other social media, and even your website. So now you don't have to choose between a link to your landing or a link to your YouTube channel, you can have both
    • Tip #3 is to consistently post valuable content to your followers. Now valuable content will be different in each niche, but a good rule of thumb is to post inspiring, helpful, informative or motivational pictures and videos at least once a day. If you're struggling to come with ideas on what to post just go look at what other influencers in your niche are posting, and post similar content. Of course you'll want to make it unique, but looking at other accounts is a good way to figure out what type of posts the people in your niche respond to the most. An important thing for to mention here is to avoid making your account a pitch fest. Of course your goal is to get people to click the links in your bio, but if you make every other post about an offer or a link all your going to do is piss people off, and ultimately lose followers. I've found that one promotional post per week is the sweet spot to not piss off your followers, but make sure they know you have an offer out there.
    submitted by /u/LearnCreateAdvocate
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    My First Sale!

    Posted: 07 Aug 2018 08:41 AM PDT

    I've been a wantrepreneuer for years. I've got a background in engineering, and I have half a dozen super complicated businesses that I've half-started. I'd develop a process or product that would totally be profitable if I just had enough capital/marketing/time investment. I work full time, money is tight, so I told myself "one more year and I can start making money off these things." I finally got tired of it (and a little desperate for actual cash flow from all my time investment) and finally started something I knew I could validate quickly, microgreens. I started growing them two weeks ago, and I made my first sale to a restaurant today! They loved the taste, they loved the price point, they wanted more! It feels good to make that first sale. Now I'm terrified, because it's not just a side-hobby anymore, it's a side-business with customers I can let down. But more than terrified, I'm super pumped to finally be doing this for real!

    submitted by /u/ascandalia
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    Starting an e waste business

    Posted: 08 Aug 2018 01:20 PM PDT

    Hello, for the last few months I've been running an online store part time on top of my full time job. On the store I sell used and refurbished devices/parts. The items I sell are electronics from e waste. I don't have an experience running a business before and I'm having trouble keeping stock. I'm a little loss right now because none of my friends or family has ever tried to start a business before. The main issues I'm having are, finding supplies of e waste, terms of sales, and advertising. If you have any suggestions I would greatly appreciate it thank you.

    submitted by /u/lAmadausl
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    Anyone here owner/organizer of a craft show/artisan market/consumer show?

    Posted: 08 Aug 2018 01:08 PM PDT

    I've got the opportunity to purchase a local semi-successful curated craft market, which I'm super excited about. Anyone have any experience buying a business like this? Or experience running one? More detail: I've organized similar events before, and work in the event production industry. The current owners' personal lives are pulling them away from this event and can't dedicate the time to it anymore. It happens once a year in a small town, attracts a large audience and high quality vendors, and donates back to the community. I see lots of potential for growth, but also it's just a fun side business.

    submitted by /u/erican
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    Old methods to create new business

    Posted: 08 Aug 2018 08:51 AM PDT

    1,000 Instagram Followers, Amazon Merch Account, What next?

    Posted: 08 Aug 2018 08:49 AM PDT

    As the title states I have an Instagram account with roughly 1000 followers for a smallish sport that is increasingly rising in popularity. I've been sitting on it for months which hasnt had much activity, meaning I havent post in that time. When I was active on it, I was gaining followers organically all the time with pretty decent activity for every post. I am hoping to grow this account as the sport grows but also looking to monetize it and eventually turn nothing into something. I am currently learning Wordpress to eventually make a website as well.

    My friends and I started this as a way to entertain ourselves while we played together. Since the page started to grow, we were hoping to possibly develop a brand while we continue to compete and go to tournaments. I guess my question is now, what direction should I head with this? Has anyone done anything similar?

    submitted by /u/micjamesbitch
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    How easy is it to make money with an online store?

    Posted: 08 Aug 2018 12:26 PM PDT

    Iv been tempted for a long time to source a product from China, set up a website and sell it on there and maybe on amazon. Iv seen so many people say they have done this and been successful. I was just wanted to ask you guys is it really that easy?

    I know some things go without saying. It has to be the right product, you have to work hard, you have to find the right supplier and so on. But if you do it right, is it east to make some money doing this?

    Thanks for any info from people with experience.

    submitted by /u/danmyers22
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    InventorySource.com vs Freelance Programmer

    Posted: 08 Aug 2018 12:19 PM PDT

    Hi guys, I need a little help. I have a Shopify store and I'm considering using InventorySource.com to help with automatic product integration and inventory. At a $50 monthly fee, it adds up over a year. My other thought was to hire a freelance programmer who could build a private API app pulling in inventory and products of my choosing. I've been given some quotes which are far cheaper, but I'm still unsure what to do. Could this potentially turn into a situation where I will need the programmer on the regular? Does anyone have any experience with this?

    submitted by /u/LaShmoove
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    POS Software

    Posted: 08 Aug 2018 08:33 AM PDT

    I am looking for POS (point of sale) software recommendations. What POS software do you use? What do you like and dislike about it?

    Edit: add "(point of sale)"

    submitted by /u/Dementedpenguin
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    On The Verge of Collapse

    Posted: 08 Aug 2018 08:10 AM PDT

    This is it. The moment that makes or breaks our business. We either make the push now and enter a realm of sustainability or perish. Failure.

    I'm talking of course about my business Value My Vehicles. Presently we are 7 months in, we have a storefront, and we are having conversions here or there but not enough to call our business sustainable.

    Our main problem: Nobody knows who we are in our area. We have not done a good job of getting the word out. Partially because of my lack of experience in marketing and thinking I could learn as I go. But I have to admit at this point I am running out of ideas and ways of getting the word out about the brand. We do not have the resource for large ad campaigns and so am forced to work with the little ad campaign we have on Google. I have brought a guy in to help (nice guy) and he has increased the number of clicks but the number of conversions is DOWN. I am very distraught.

    People of /r/Entrepreneur please give me the strength, motivation, and help with some ideas that can push past this wall and get this engine revving. I have poured my heart and soul into this business but we cannot see the success yet. It is hard to admit that our business is weeks from failing but I am not ready to give up.

    Thank you in advanced for your help.

    submitted by /u/thedrewprint
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    Is a NC LLC required to have an employee?

    Posted: 08 Aug 2018 11:50 AM PDT

    I am having trouble finding this information. We have formed an LLC in North Carolina. I heard a while ago that an LLC has to have at lease one person on payroll. Anyone know if this is true? We have two member/managers who are not taking a salary. Do we need to have someone on a W2?

    Thanks

    submitted by /u/CaptainBoneSpurs
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    Best Lead Generation tool for a Service Business?

    Posted: 08 Aug 2018 11:47 AM PDT

    I own a small, regional, Service Business. Looking for recommendations on how I can acquire leads (warm or cold) - Do you recommend I go it alone or use an agency - Sites I should use? - Recommendations on Lead Agencies that deal with this?

    Cheers. Any advice is appreciated

    submitted by /u/Fubfub55
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    Don't make your business fully dependent on another business

    Posted: 07 Aug 2018 10:56 PM PDT

    Simple premise, but an important note.

    Recently, a friend of mine had his link blocked on Facebook for "spammy behaviour". The thing is, he didn't use Facebook for promoting his website, he only used it to allow his users to log in. It's a theory at this point, but he thinks that his competitors have deliberately sent the link from multiple fake accounts to other users to trigger Facebook Spam Detection. His link got blocked, and all his users are no longer able to log in, effectively killing his business. Unfortunately, as he discovered this morning, the block on Facebook also affected his business Instagram account.

    He lost a couple nights of sleep and a key on his keyboard from furious email typing.

    We both learned a lesson.

    Side note: it's incredible how much power GAFA has...

    submitted by /u/mwargan
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    Free sponsorship for podcast/ livestreem

    Posted: 08 Aug 2018 11:26 AM PDT

    Me and a couple buddies stream our games of PUBG over Mixer and Twitch and are cool with plugging your products or ideas to our viewers in a fun and enthusiastic kind of way. PM and we can set it up

    submitted by /u/MomsWhoVape
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    How do you sell a service to businesses that don’t realize they need it?

    Posted: 08 Aug 2018 11:21 AM PDT

    This is purely hypothetical for an idea I've been sitting on, but I'm guessing one of my biggest obstacles would be the fact that my idea is somewhat unique and unheard of, but could really give local brands a helpful and personal edge. To those of you who have sold your services before, is this a hurdle that could make or break a startup? Or are their a few key things to keep in mind to get businesses to shift their perspective?

    submitted by /u/E90-Jet
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    How to get rid of excess inventory? Ecommerce store moving in a new direction.

    Posted: 08 Aug 2018 10:55 AM PDT

    Have an ecommerce site where I sell products produced by other companies and I'm going a different direction. I currently have a good amount of excess products. They're USA Made toys (Green Toys, Uncle Goose Blocks, Wooden Train whistles/teethers/toys, etc.). What are your thoughts on the best way to move this inventory fast? Is there a bulk way to do it? Thinking Ebay but seems to have a lot of low price sellers for these products and if you add on shipping not sure it makes sense given time spent. Not looking to make a profit or even break even on original wholesale purchase price. Just looking to clear it.

    submitted by /u/ballyb3
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