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    NooB Monday! - (October 08, 2018) Entrepreneur

    October 08, 2018

    NooB Monday! - (October 08, 2018) Entrepreneur

    NooB Monday! - (October 08, 2018)

    Posted: 08 Oct 2018 06:07 AM PDT

    Please use this thread to ask any newbie questions.

    We do this to not overflow the subreddit with newbie 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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    Why you shouldn't become what the gurus are telling you to become, and why you shouldn't buy crap from China to sell on Amazon:

    Posted: 08 Oct 2018 08:39 AM PDT

    I don't usually do this, because I like actually writing the stuff myself here for everyone to read, but I did not write this article, and felt that it was only fair to reference it instead of plagiarizing it.

    In the article they mention how Amazon is on track to double the amount of private label items they currently sell, which is what I have been saying, that Amazon is just seeing what sells the best on their platform, turning it into their own brand, and then selling it themselves... because the tactic just makes sense.

    Also, to add more salt to the wound, Amazon is now displaying ads to their own private label products on your private label product pages, and guess what... there's is cheaper.

    So with all this being said, whenever you hear some internet guru, or digital nomad trying to sell you some course on private label selling on Amazon (think Amazing Seller Machine), know that they are only doing so because the easy sales are now over, and they need to make a buck somehow.

    Source link for the article I am referencing above: https://www.cnbc.com/2018/10/06/amazon-doubling-down-on-private-label-sellers-see-huge-fear.html

    submitted by /u/Weaponry
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    I've created an online store. What to do next

    Posted: 08 Oct 2018 05:08 AM PDT

    I'm selling hand made dog collars and I thought I'd just go ahead and start. I made a shopify store ([here](www.heidiandalfred.com) which i'd love feedback on), and took some pictures that i thought were decent. I've created an instagram page which now has about 50 followers (though most of them are small dog instagram accounts) and i've posted like 5 photos so far.

    Just wondering what the next step is really. I've had a couple people visit my website through my instagram page so i thought maybe the best thing to do was try to grow that. But what else can I be doing? Feel like i'm just waiting which obviously isn't a great idea.

    I need a bit of help creating a to do list. Obviously there's a few things to do here and there on the website but none of that is going to change the lack of interest and traffic. Are facebook ads the way to go? is this the kind of product that would work?

    thanks

    submitted by /u/ghroat
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    How to ask for help as an entrepreneur

    Posted: 08 Oct 2018 04:12 AM PDT

    1/ HOW TO ASK FOR HELP AS AN ENTREPRENEUR -- Every week entrepreneurs reach out to me cold on LinkedIn, Twitter, and email asking for help. I love helping if I can!
    Unfortunately most people are terrible at asking for help. Here is how to do it properly.

    ​

    2/ OFFER CONTEXT on who you are first -- If we have any connections in common, highlight them. If we met somewhere, remind me. If we went to the same school, know people in common, are from the same place, anything. If you have done anything impressive, tell me.

    ​

    3/ BE PRECISE in your request -- "can you mentor me?" is bad. "Can we get on a call?" is bad. "Do you know person X and could you forward the following blurb to them?" is great. "I am applying to YC. Does our application make it clear what we build?" is great.

    ​

    4/ TELL ME WHY I CAN UNIQUELY HELP -- Do your research and don't ask me for help on things I can't help with. If you didn't articulate why and how I can uniquely help you, I assume you are spamming a bunch of people to ask for the same thing.

    ​

    5/ DO NOT UNDERCUT YOUR OWN AUTHORITY -- Don't apologize for asking. Don't tell me a sob story. Stay factual. If you demonstrate you are not confident or irrational, I am less likely to want to help you.

    ​

    6/ BE CONCISE -- Use three bullet points max. If you can't describe why who you are, why I should help, and how I should help in 3-5 sentences I will probably not read it anyway.

    ​

    7/ PERSISTENCE IS ANNOYING -- If I don't respond after the 1st email, I'm probably not going to respond. Don't email me 6 times/week asking if I saw your email. That's only going to make me ignore you in the future. Email in a month with another request, and if I can I will help.

    ​

    8/ BE GRACIOUS -- If I don't respond, it's probably because I have a deadline for my day job. If I can't help, I will let you know. If I say I can't help, say thanks and move on. If I can help, I will do my best to do it quickly.

    ​

    9/ LET ME KNOW HOW IT WENT -- The only payback required is a thank you and a follow up. I've been emailed years later by entrepreneurs where I made an intro and it led to a critical outcome (e.g. a company being acquired). There's no better feeling than knowing you helped someone.

    ​

    10/ DON'T BE AFRAID TO ASK -- Silicon Valley works because people pay it forward. You'll be surprised at how many people will help, do introductions, or give you quick feedback if you ask kindly, are precise in your request, and concise.

    ​

    Source.

    submitted by /u/marie_dm_
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    [Case Study] Changing my CTA in outbound email increased my conversions 3x.

    Posted: 08 Oct 2018 11:22 AM PDT

    So I'm just pumped that this worked. TLDR: I've made a small adjustment in my outbound sales emails and seen just over 3x the conversion/reply rate.

    I've had an email campaign going out for the last 3 months, where the goal was to find new customers to buy b2b email/data lists. The campaign worked, it had around a 38% open rate, and a 2.5% reply rate (not the best, but it was something). The email was 4 sentences, and ended with "when is a good time to talk".

    After about 2 months(I don't know why it took so long), I realized about 70% of the replies were saying some version of "can you send a sample of the data?".

    So, I made a quick adjustment to the email. I simply changed the CTA from an open ended question to "click here to fill out your target market and get 100 free contacts".

    Making that switch was huge. I got about the same number of replies, people asking questions etc.. but I got 5% of the total readers to fill out the request form. Telling me the B2B data they were looking for.. THIS was the holly grail, as it saves me both time on reaching out/emailing back and forth, and just cuts to the chase.

    When thinking about why this worked, I guess it's obvious. The people I'm reaching out to are busy. They don't want to waist time, or even talk to me as they don't know me.

    They take 30 seconds to hit a few drop downs, and request a sample of data. If it's up to their specs(which it is lol), then we're in business.

    Anyway, I was just super pumped after evaluating how that one simple change in an email increased my conversations/potential new sales by 3x.

    Have a happy Monday all!

    submitted by /u/DaytaMon
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    Growing Instagram to 51k engaged followers

    Posted: 08 Oct 2018 09:40 AM PDT

    Hey - Pat from StarterStory.com here with a write up from one of my favorite founders.

    Mat Hofma started Mini Materials, a brand that makes $17k/month selling miniature construction supplies.

    We are Mat Hofma and Erik Polumbo - owners of Mini Materials. We shared our business previously on Starter Story about how we came up with the concept of Mini Materials and how we've grown to where we are today selling realistic miniature building supplies worldwide.

    We are back again to discuss a part of our business that we really enjoy. We, along with Alli Goldwag, our social media guru on staff, put a lot of effort and time into social media marketing with a major focus on Instagram.

    We were offered to discuss this topic by Pat and felt it came at a good time as we just recently eclipsed 50k followers. Here is some background on why we focus a lot of energy into Instagram and how we do it effectively and efficiently.

    Why we focus on Instagram

    Our products photograph very well. They are easily recognizable to most people and when we add something for scale that is also obvious like a pencil or a banana or a human hand, it makes for a really catchy picture.

    What our product looks like

    This gets reactions and creates engagement. Instagram thrives on this, more than any other social media platform. So for us, Instagram has always been our main focus as far as social media.

    Testing out new ideas

    As we continue to grow as a business and debut new products or try out new scales, we can pitch it first to our followership to get some feedback. And when we bring out a new product and showcase it on a post, it generates immediate action.

    That's comforting, not only are we getting some guidance from our customer base, but we typically get treated well when we hit the mark on a new product.

    Our journey with Instagram

    We started the @MiniMaterials account when we started the business back in March of 2015.

    Growth was slow at first because we didn't have the product line built up or a firm branding concept nailed down, so our posts were a bit redundant or rehearsed.

    As we rolled out new products and really started to hone in on who we were reaching out to, our methods started to take shape.

    Here are some of our benchmarks in followership:

    We opened an account on March 30, 2015. Here's what follower growth has looked like:

    A graph of our Instagram growth

    We're currently adding about 1,000 followers per month.

    Our content schedule

    It's a lot of work so we try to keep a schedule, albeit loose at times, but we do our best to use it as a framework for how we post throughout the week.

    Here's what a typical week looks like:

    Monday

    On Mondays we like to feature other miniature artists and hobbyist, we call it "Mini Maker Monday".

    This cross-markets the featured maker as well as opens their audience to us and others in the miniature community. We've found that Instagram accounts that focus on a community tend to be the most successful.

    It gets others excited when they see that their products/services or talents are being featured on another account, especially one with a large following. Our friend Kate at @DailyMini is a perfect example of how a community can build your success as well as others.

    Tuesday

    Tuesdays we call "Tiny Tuesdays", and we try and stick with simple and catchy tiny items that we sell or have created with our products.

    This helps to answer the common customer question, "What can you do with these things?".

    Wednesday

    Wednesdays are for woodworking. Woodwork, in general, is very catchy and performs well on Instagram, but serve up some realistic miniature versions and it really gets people going. Here's an example:

    Example of our woodwork

    Thursday

    Thursdays we generally go with a "Throwback Thursday" post to some of our more popular creations.

    Friday through Sunday

    Friday through Sunday are free range. Sometimes we list new products, sales, or giveaways but we try and be more creative than salesy.

    Instagram best practices

    Engaging with other accounts

    To get engagement you must also engage with other accounts. Luckily for us, we have three users on the Mini Materials account, so one of us is always active.

    We reach out to accounts that are similar in nature to collaborate on ideas, posts, and shared experiences. The world of miniatures is far larger than you may think and again it photographs really well so there are several big accounts on Instagram that we can collaborate with.

    This works both ways for us, we love working with bigger accounts like @DailyMini, @TinyDoorsATL, and @Guldies because their exposure and reach are great, but also being able to return the favor by boosting smaller accounts is important for our mini community.

    Post once a day

    Posting once a day is about our limit, it either will get too redundant or too spammy and probably does more harm than good.

    However, we have realized that you want to keep your customers engaged by posting with some form of consistency.

    Best practices are always changing

    Since the Instagram algorithm changes somewhat regularly, we have to make sure to keep up with the most up-to-date best practices which require trial and error. For instance, the previous chronological feed was much easier for accounts to get positive engagement provided they posted on a regular basis, but now the algorithm seeks out the most engaging posts and keeps them at the top or higher up. So it's imperative you have strong hashtags and post at a time when you are more likely to have active followers that will engage with your post. But, Instagram is always "improving" so it seems as soon as we seem to figure it out, something changes and we have to tinker again.

    What we've learned

    Don't put text on images

    When posting about a sale or promotion, we steer clear of using any words on the actual image itself, it comes off too much like a sales pitch. Instead, using a visually appealing content photo with a catchy caption works best.

    Don't use hashtags in the caption itself

    Since you can link your post directly to Facebook simultaneously from Instagram, we have seen that forgoing hashtags in the caption tend to be more successful.

    After we post, we will use the comments area for relevant hashtags. Keep away from using irrelevant hashtags. There are apps available like Plann that will provide some clues on the best hashtags to use.

    Change up your hashtags

    Mixing up hashtags and geotags increases the potential for new followers and engagement across the platform. Using the same hashtags every post gets stale and statistically railroads even the best posts. We use the Plann App for researching hashtags.

    Do giveaways

    Giveaways always do well for us. We can grow our followership and get positive engagement that can keep us in the spotlight for a few days. We typically post a picture of what we are offering to give away and require they like, comment, and tag a friend. They can do that as much as they'd like so the post gets plenty of engagement. We hope the followers tag their friends that do not follow us yet, so we also get new followers (or customers).

    The key is, you must actually pick a winner and send the gift out (far too many businesses act like they give product away for account growth but rarely do).

    Getting started with Instagram

    We have noticed, and have read, that businesses that have recently joined Instagram are having a harder time building their follower base. This is very unfortunate because Instagram is a major social media source for us and we know the benefits that stem from this platform.

    Our recommendation would be to stay with it, research and keep up with the algorithm changes, maintain consistency with your branding, and make sure your content is visually appealing for your followers.

    Contact bigger accounts that have some similarities, and ask for feature posts - this may cost a bit but it can easily be worth it if your content is engaging. You can offer to send product for unboxing videos or promoted feedback, and this can do wonders for you. But also, be open to criticism.

    Thanks for having us, we hope some of the knowledge we've gained over the last 3+ years to grow an engaged and active Instagram account can assist you in some way.

    submitted by /u/youngrichntasteless
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    Inspiration that helped me launch my MVP

    Posted: 08 Oct 2018 09:25 AM PDT

    Launched my MVP for a product 2 weeks ago and it was very nerve racking. Before starting this venture, I worked at Google and Facebook so I had a bit of an ego/reputation I tried to hold on to (which was a mistake). After pushing it live, I felt fear, relief, doubt, excited and happy all at the same time. Since launch, there has been a huge influx of bugs, user feedback, product recommendations, which was both exciting and overwhelming.

    One thing that has helped me be OK with going live on a product that wasn't fully up to my standards was this Ira Glass quote:

    Nobody tells this to people who are beginners, I wish someone told me. All of us who do creative work, we get into it because we have good taste. But there is this gap. For the first couple years you make stuff, it's just not that good. It's trying to be good, it has potential, but it's not. But your taste, the thing that got you into the game, is still killer. And your taste is why your work disappoints you.

    A lot of people never get past this phase, they quit. Most people I know who do interesting, creative work went through years of this. We know our work doesn't have this special thing that we want it to have. We all go through this.

    And if you are just starting out or you are still in this phase, you gotta know its normal and the most important thing you can do is do a lot of work. Put yourself on a deadline so that every week you will finish one [piece of work]…It is only by going through a volume of work that you will close that gap, and your work will be as good as your ambitions…

    It's gonna take awhile. It's normal to take awhile. You've just gotta fight your way through.

    Since launch, I have learned a lot. People have been using my product in unexpected ways which has helped us slightly shift direction. It has been a rollercoaster of emotions, which I wanted to share with you all hoping some of you can relate or are feeling them right now. Push through your emotional barriers and you will gain a lot more insight about your product and yourself than if you just keep it to yourself.

    I wanted to write about my other learnings in a LinkedIn post but thought the mental piece might be more valuable to the community I have been lurking in and motivated by.

    If you want to check out Crabbr, here is the website, and Reddit post of my launch to /r/nyc.

    submitted by /u/jzini
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    Broke my ankle in South Africa on vacation, started a business from my hospital bed, hit $6k in monthly revenue in 3 months and quit my nursing job. How I did it and what happens next!

    Posted: 07 Oct 2018 10:32 AM PDT

    TLDR: I broke my ankle in South Africa on vacation. Two days after I had the metal rod inserted in surgery, and while still heavily medicated (or maybe BECAUSE of the medication) I came up with the random idea to start a content creation service called WritersBar

    I kicked off these steps while still in hospital:

    1) I went through old localcasestudy posts and decided to follow his steps.

    2) Got a one-page website designed (You only need one page - Got this from LCS as well...really simplified the process).

    4) Got the PSD file from step 3 and got the website coded by another redditor at Nerdpilots.com

    5) Did a soft launch and got my first paying customer in 3 days.

    Read on for how everything came together.

    BACKSTORY:

    Trip to South Africa - The calm before the storm.

    I had been doing freelance content creation on the side for quite some time and when the opportunity came to travel to South Africa I jumped on it.

    And it was absolutely amazing.

    Well, until I broke my ankle avoiding getting hit by a car!

    So what happened? I was crossing the street to my Uber and a taxi driver sped towards me at high speed. I turned quickly to avoid the car and snapped my ankle. I literally heard the break.

    Thankfully I had Gena Gossett there to take care of me and props to Kevin for flying out last minute to help out:

    Click for a little photo tour

    WELL SINCE I'LL BE IN BED FOR THE NEXT 6 MONTHS, WHY NOT START A BUSINESS?

    And that's what I did.

    Here's what I did to get moving and how things came together in 10 Very Doable Steps that I think you can replicate for any simple business you're starting!

    Ready? Let's get cracking!

    STEP 1: CUSTOMER AVATAR CREATION

    This is basically mapping out my target audience. I sat down and laid out who my customers are. I chose some random pictures for each customer segment so I could post the picture on my laptop as I'm writing for the website to remind me to speak directly to that one person.

    Click to see the customer avatars I created

    STEP 2: UNIQUE SELLING PROPOSITION

    This is an unnecessarily fancy phrase that just answers one question: Why me? Why will people choose to do business with me. Am I cooler? Or is my delivery faster? Or am I cheaper? Or do I present better?

    Note: At this point, the question isn't as much the product or service you're selling as it is, the story you tell around it.

    Click to see how I settled on the USP

    STEP 3: COMING UP WITH THE BUSINESS NAME

    I set out to come up with a business name that hits two goals:

    Tells you what's for sale Adds a little flavor

    So typically this comes down to two words. One word describing the offering and another word that can almost be nonsensical but adds a bit of flavor or cool.

    Click to see how I came up with a domain name (2 min video)

    STEP 4: WEBSITE DESIGN AND BRANDING

    Bottomline, get an amazing homepage design that communicates your offering well. It's important to get this right. Nothing more when it comes to converting visitors into customers than a solid homepage design.

    I was able to get Nerdpilot's design team to do mine. They have designed several sites that went on to do millions so they know what they're doing. Unfortunately, they don't work with people unless you "give them the job and get out the way", and that's exactly what I did. :-)

    Click to see the formula that I had the designer follow

    And see how it was applied it to my site

    STEP 5: WEBSITE CODING

    After I got the design file in step 4 above I simply sent it over to Nerdpilots, and they had it coded up in a little over 2 days.

    STEP 6: DESIGN AND SET UP A CHECKOUT PAGE

    At this point I needed to make sure the flow for onboarding customers is seamless. So I created a checkout page that accomplishes a few things:

    I. Takes credit cards seamlessly II. Integrates automated recurring charges III. Builds in trust factors: video, testimonials, ssl, money back guarantee, and security.

    Click to see how I applied each of these to my checkout page

    STEP 7: INSTALLING A PROACTIVE CHAT SERVICE

    I use online chat to talk with folks that land on our website. The way it works, as soon as someone lands it pops up so they can talk to me directly and gives me the opportunity to close the sale instantly. Works really really well and it's 100% free. Put together a quick video tutorial on this.

    Click to watch the 2 minute tutorial

    STEP 8: GET A WEBSITE VIDEO

    Videos really impact conversions. I wanted a fun little video that I could use on Facebook and social media. Found someone on Fiverr and got this done for $45. Video is really helpful to help tell your brand story without breaking the bank. I'll add a few more testimonial videos shortly as well.

    Here's the Fiverr video I got done

    STEP 9: SET UP SOCIAL MEDIA PAGES

    The goal here is for our social media pages (Twitter/Facebook) to look like an extension of the website and be completely cohesive. Simple enough but it's something that folks often get wrong.

    Click to Checkout social media pages

    STEP 10: KICK OFF MARKETING

    This is the step that people mostly worry about but I focused on keeping it simple. Where can I reach a bunch of people for free?

    Here's everything ranked in order of success so far:

    1) Craigslist 2) Reddit 3) Facebook page and groups 4) My email list from one-off content jobs 5) Referrals 6) Twitter

    Click to see how I got my first paying customers

    So that's about it, hope you see that going from zero to having your business launch in a few weeks is very much doable.

    HERE'S WHAT I DIDN'T DO THAT SOMETIMES TENDS TO HOLD US BACK:

    1) I didn't start by getting a logo done. It's a waste of time and just delays the process. Go straight to getting the homepage done and usually your designer will just throw in a simple text logo. That's all you need.

    2) Instead of soliciting feedback on your logo, I focused that energy on the checkout page and got feedback on different variations of that. Will be 1000 times more useful and will contribute much more to your success.

    3) I didn't get an amateur to design the site. I know that the biggest contribution to success will be the website, so when I decided I was going to do this I made the full commitment to do it right.

    4) I didn't use a platform like square or wix. I instead went with a professional design first and then coded straight to html. Much easier for a one-pager.

    5) I didn't do any paid marketing. Paid marketing comes later after I know the thing works and I can convert free traffic first. Only after I get the metrics down will I start to consider paid traffic.

    Okay, thanks for reading and really hope this helps folks to work through some of the things that might seem overwhelming. I'm no expert by any means, I just followed along the guides Rohan and Kevin put out and stuck to the script.

    And of course, if you have a blog or e-commerce store or website that could use some dope content that you can then use to drive traffic or help with your SEO, definitely reach out.

    Hope you enjoyed this!

    Here's me and a chicken in South Africa <3

    P.s. no chickens were harmed in the making of this case study. 😀

    submitted by /u/girlgonebiz
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    Amazon Seller Central Support is slowly eating away at my soul and my sanity. Any tips on how to navigate their "help" function to get support, ask questions, etc.?

    Posted: 08 Oct 2018 02:26 PM PDT

    I don't think I'm an especially dumb person, I'm an MIT alum and I'm usually pretty good at figuring things out. Trying to sell my cosmetic skin care products on Amazon is making me start to doubt my own intelligence. :-/ lol, but for real though...

    I really want to build my amazon business and want to start using FBA (fulfilment by amazon). The Seller Central Portal has been killing me softly over the past few weeks. One small issue after another and no reliable way to get any kind of support from their help desk.

    My current issue is regarding their labeling requirements. My products are individually labeled with a UPC bar code, but the tool is telling me I need an Amazon barcode added to it.

    I spent the last hour getting lost in the Amazon support help pages and cannot seem to find a number, email, or form to submit my questions. Any help would be appreciated!

    TL;DR: I can't find Amazon Seller Central support contact info and navigating the FBA process is driving me crazy. Please help!

    submitted by /u/canishare
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    Balancing friends and family

    Posted: 08 Oct 2018 02:25 PM PDT

    Hey all, I have been following along this sub for awhile. I have taken some info to heart but mostly have been finding my own way in this world. I currently work full time in marketing and have a freelance side gig and am bringing a small company to fruition all on my own (its great, I love and believe in it).

    I have never worked harder in my life, and what I am struggling with the most is being there for my friends and making the decisions I need to to continue being successful. I was wondering if anyone has experience- have you lost friends when you went into your grind-mode? How do you deal with that? I have a very systematic and precise routine that my body, my dog, and I need to practice daily so as not to burn out (I came dangerously close last week!) I struggle because I ask myself, what is worth more? Family, definitely, but they always want me to be working harder (lol). I have already stripped down a lot in terms of my friends circle, and I am saddened that I can't be there for someone who is reaching out to me for help.

    submitted by /u/Calfeutre
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    A tool to create a wireframe for free?

    Posted: 08 Oct 2018 01:57 PM PDT

    Hey folks, i am trying to create an app wireframe and most of the tools out there are paid, anyone ever use a free tool?

    submitted by /u/8oss371
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    How to set up a legal online business?

    Posted: 08 Oct 2018 12:43 PM PDT

    Hey guys
    I'm wondering...How can i set up a legal online business?
    By this i mean a business ready to receive thousands-millions of dollars without getting in trouble or having some kind of blockage eg Paypal blocking accounts etc all that good stuff.
    I don't have a bank account yet, i only have a debit card. I'm i suppose to get a bank account to keep the money for business or some sort of entrepreneur business account? To be able to receive credit/debit card payment etc?
    What are the legal things i need to do TO BE READY? I want to set up a legitimate business that makes millions of dollars but also considers and prioritizes my customers etc. What do i do?
    I am currently using shopify to sell...
    Paypal regulations too.

    submitted by /u/Madmanjumbo
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    Advice on replacing a dev (Ruby on Rails) for my ed tech startup, pronto? Details below.

    Posted: 08 Oct 2018 12:35 PM PDT

    I have a fairly successful ed tech website and just signed a deal that could be really significant. The deal requires some updates to my site (a digital flashcard site written in Ruby on Rails that uses spaced repetition - URL is spacedrepetition.com for the bored/curious).

    Unfortunately, the one developer at the shop I work with who is really familiar with my code base just announced he's leaving...and the new contract I signed requires modifications to the site to be made fairly soon (plus, I rely on him for fixing bugs that arise, customer support for tech issues I can't handle, etc.).

    Any advice on what steps to take to (a) find someone to do some quick Ruby on Rails dev work, who (b) hopefully becomes a long-term collaborator?

    Current revenue puts me in a spot to hire a dev to work on a contract/part time and pay fairly, but not to hire a full timer.

    submitted by /u/Gee10
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    free copywriting service

    Posted: 08 Oct 2018 12:25 PM PDT

    Do you have an online business?

    Do you want more customers, more profits and higher conversions?

    If this is you, shoot me a message and I'm willing to help you achieve just that.

    In return for this, I will be using your results in my case studies.

    Send me a message ASAP. I will not be doing many.

    submitted by /u/zcopyconsulting
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    Arbitrage between states?

    Posted: 08 Oct 2018 12:14 PM PDT

    I have a client who sells used cars for living in the midwest. When him and I get to chatting he always makes it very clear that the cars that sell in the midwest are not the cars that sell on the west coast and that there is great arbitrage in the used car business.

    Specifically related to purchasing luxury cars at auction in the midwest and then selling them in southern california or big cities for a profit of $500 (wholesale) or $1000 (retail) (net profit after shipping fees)

    Anybody else knowledgeable in the used car arbitrage between states?

    submitted by /u/gujupike
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    Facebook Advertising Statistics

    Posted: 08 Oct 2018 12:14 PM PDT

    Hi all,

    The below image is te current stats for our shopify facebook ad campagins. The campagins were a mixture of WC and PPE, we targeted multiple different audiences and tried a couple of different ads, had just ONE conversion/purchase. We don't know where to go from here, we believe the product has potential as we have sold around 10 so far from other different sources, however it may just be the product. Any advice would be geat.

    https://imgur.com/a/IqqHxnY

    Thanks

    submitted by /u/dafp123
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    Best business credit cards to consider

    Posted: 08 Oct 2018 12:05 PM PDT

    I'm an entrepreneur who has started a business in NYC. At a point now where I need more capital to further develop my products. I've been looking at loan & credit card options, leading towards the latter.

    Anyone know the best business cards on the market right now & what was the process actually getting one like?

    submitted by /u/TheGifted_
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    Interning with a small business questions about tracking inventory

    Posted: 08 Oct 2018 12:03 PM PDT

    So a quick background after having some trouble finding an internship I finally decided to work with a friend of mine who is a business owner. Without giving too much information they basically bring in raw products and then produce them into products for their retail space, online store and other retail spaces and then also produce for other companies a similar product but unbranded.

    They have recently grown exponentially from a very small mom and pops business to a regional market controller. With this happening they didn't didn't have a lot of time to work on their business because they have been so busy working for it. A majority of my job there is to work on the business for them. On if the first things I've been trying to do is implement some sort of inventory tracking.

    Not having ever done inventory tracking I've tried to learn as much as I can but am starting to run into some issues.

    My first question is what should be the deciding factors on wether they buy, build or buy then build within the software a way to track the inventory. I have plenty of time to build a system but I don't know what software I would be best to build it on.

    The next is because they have a production side of their business and a retail side would it make most sense to have two separate systems one for each side of the process

    Finally any other things I should know about implementing this into a business form people with experience in this field

    submitted by /u/69glatt
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    I have all of the motivation and drive but none of the resources. I KNOW I can do this.

    Posted: 08 Oct 2018 11:57 AM PDT

    Hey r/Entrepreneur! I have really lurked on this subreddit for quite some time and have finally decided to go ahead and make a post.

    ​

    Here's the deal. I have bad credit, no wealthy family and no wealthy friends. I really, really have been wanting to open a business for quite a long time. I'm 24 and currently am working full time making 45,000 a year at a meh job. I usually have a little above half a grand left every check to use for investing/saving. I've realized a long time ago that the normal 9-5 job is just not for me and I'm capable of a lot more than being a machine every single day. I want to break out of this lifestyle and accelerate myself into being a successful business owner. I've been trying to start a business for quite some time. The thing is.... I can FEEL it in my soul that I am DESTINED for this. I KNOW that I can do this, it's like every part of my body tells me every single day that I was put on this earth to be something more than a Technical Advisor at a desk. I know there is more to life than this.

    ​

    My real question is.....how can I at least start? I know that I'm young and banks are going to laugh at my bad credit (long story about being 18 and medical bills)

    ​

    I know I may have to start small, and I know there may be a lot of initial sacrifice. And I'm OK with that. I guess I'm just asking you guys who have been in my shoes, or even you guys who are already living that dream. How did you get started? What's some advice you can give me?

    ​

    Thanks a lot!

    submitted by /u/JoshBuhGawsh
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    Where to go for help when you have a hard time clearly explaining your business?

    Posted: 08 Oct 2018 11:56 AM PDT

    We have been in business for 3 years. We are about to launch a new app to and working on making the onboarding pages perfect. We are also releasing a new subscription model at the same time. The big problem we are having with the onboarding is to clearly explain what we are all about to new customers. Who should we look to for hired help? A creative director? How much do they cost on average and what exactly do they do? We are a small business at the moment but the concept is fairly new to the public.

    submitted by /u/hihellothere1234
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    Is being an entrepreneur for me?

    Posted: 08 Oct 2018 11:51 AM PDT

    Hey everyone, I've been studying entrepreneurship for almost 2 years now and have gotten my feet in the water. So far I have loved it except for one vital thing. The people and networking. I keep learning that your ecosystem and connections matter and that relationships are everything. I understand how important they are and how far they can get you, but I hate going to events and having to connect with people. I've tried getting out of my comfort zone and while it's fine in the moment, when I get back home I hate playing the game.

    submitted by /u/cahern24
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    I am creating a video series exploring entrepreneurs who have taken unconventional paths- what questions would you like them to answer?

    Posted: 08 Oct 2018 11:48 AM PDT

    Hi /r/Entrepreneur,

    As the title says, I am creating a series of 5-10 minute videos profiling different freelancers/ entrepreneurs (of varying levels of success) who have taken unconventional paths. I am interested in profiling individuals who are in creative fields (may expand on this in the future) and who have taken unconventional paths, meaning that they did not attend business school or get any formal training/ education and did not inherit their businesses.

    Lined up, I have an event organizer (large art shows), a fashion designer, an owner of a large video production company, a very successful tattoo artist, a DJ, a documentary filmmaker, and two serial entrepreneurs who have built worldwide franchise companies from the ground up.

    These videos will follow a format that showcases what each individual does in their daily life to run their operation and then asks them a set of identical questions. I am curious what questions you may be interested to have them answer...

    Some of the questions I have come up with, as of now, are:

    What was the moment like when you decided to "go for it"?

    What preparation did you do beforehand?

    What were some of your early successes/ failures?

    Looking back, what did you wish you had known that would have helped, early on?

    What do you think are the couple most important skills you have developed- and you currently use- in the operation of your business?

    ...........

    Please let me know any questions or angles that you would be curious to hear from these individuals who have taken their own unique paths to success with their businesses/ work. I'm very curious to hear your input and help shape these videos to be the most helpful for somebody wanting to carve their own way.

    submitted by /u/twoshooz
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    Thoughts On STR Management?

    Posted: 08 Oct 2018 11:42 AM PDT

    Currently I have a startup that leases units and rents them out on Airbnb (with written permission from landlord).

    Thinking about applying the same management concept with a "partnership" approach where I charge 20-30% to manage units as short term rentals on Airbnb. Many people use this platform when traveling for business or vacation.

    Essentially it would allow me to manage more STR relevant units instead of just apartments near attractions. It would also eliminate the startup investment of furnishing the units.

    I know there are a few companies that utilize this co-hosting model but Airbnb is fairly new (especially in my area) and there seems to be a huge opportunity here. Thoughts?

    submitted by /u/daez12
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    How hard do you push yourself? How do you take a break?

    Posted: 08 Oct 2018 11:41 AM PDT

    For the past month I've been working a grind from 3am till 7pm. Business is good enough where I've been turning away customers because I'm at capacity. I can and will hire an employee which will lessen some of the work load and allow for more business. My issue is that I want to aggressively pay off business debts, and the expense of payroll limits that. My other issue is that even after working 16 hour days I get restless and beat myself up for not working/making more money.

    When do you know you're pushing yourself too far? How do you take a break from that without it being too costly for your business?

    submitted by /u/canyodaddypaymyrent2
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    I own a couple domains that are very popular all of a sudden and would like to sell them

    Posted: 08 Oct 2018 11:39 AM PDT

    These urls are related to Kanyes recent SNL performance and would have great potential for an ecommerce store with seasonal sales.

    anyone interested in quickly creating a business?

    submitted by /u/heybaybay
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    What are your opinions on branding for SEO vs creating a unique name?

    Posted: 08 Oct 2018 11:21 AM PDT

    I've seen both arguments brought up in books; one being that your brand name should include what you sell so you rank higher on search engines, the other is that creating a unique brand name can't be copied and creates a more distinctive identity.

    Which do you prefer and why?

    submitted by /u/twinelephant
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