Wantrepreneur Wednesday! - (October 03, 2018) Entrepreneur |
- Wantrepreneur Wednesday! - (October 03, 2018)
- Selling a Manufacturing company to chinese (50m yearly revenue)
- Some /r/entrepreneur Posting data
- My first month after launching my own Cigar business
- Where do I start?
- International eCommerce folks - which countries do you absolutely avoid b/c of logistics nightmare?
- Need help with Facebook Ads
- What does your friend that makes the most money do for a living? How much does he or she make?
- I own a private soccer training company need to find affordable general liability insurance.
- Small business marketing suggestion engine? Any AI-type tools to help SMBs get marketing advice and guidance based on their website?
- How do you price a product/service where you have close to no running cost ?
- Please critique my website
- Validating Market for Starting a Coworking Space, Seeking Ideas for Finding More Customers
- Growing User Driven Research Engine (Like Wikipedia combined with Reddit)
- Which target audience?
- Started a subreddit for exchanging services for bootstrapping entrepreneurs
- Advice on business idea (inventing a new microphone product)
- Here's how to start a Christmas light installation company.
- Printful Users | What content do you build your social profiles with?
- Always review your experiment results; even if they're bad results
- My Journey To Starting A Company Called Troll Socks
- Is there a website that sells online business?
- I have a product I've made. Where can I go to see how much someone will pay for it? A subreddit?
- Including Youth to your company or try to be like the other adults?
- New winery shipping product out of state vs. in state and the taxes that apply through a website.
| Wantrepreneur Wednesday! - (October 03, 2018) Posted: 03 Oct 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. [link] [comments]  |
| Selling a Manufacturing company to chinese (50m yearly revenue) Posted: 03 Oct 2018 04:56 AM PDT Hello everyone, I currently work for a luxurious leather company that produces for the likes of Cartier, MontBlanc, and that also provide interior leather for cars such as BMW. My boss has been meaning to stop this activity and is looking for potential buyers (Chinese being the best as they usually have quite generous pockets). I was just wondering if anyone knew where or who i could contact to get potential buyers. Thanks! [link] [comments]  |
| Some /r/entrepreneur Posting data Posted: 03 Oct 2018 10:16 AM PDT For the last 30 days I've been checking what kinds of questions have been asked in this sub-reddit. What I've find out, was that there were 8 key types of questions asked:
I've organised it nice and neatly in this google sheets file so that you can maybe do something with the data. I just did it out of pure interest. The most commonly asked questions fell in the above order, with Marketing related questions taking the cake at 243 questions in 30 days; while questions on Pivoting were posted a whopping 65 times in 30 days. [link] [comments]  |
| My first month after launching my own Cigar business Posted: 02 Oct 2018 08:33 PM PDT I started my own line of Cuban Cigars called Hole In One Cigars, they are cigars for the golf course that are marketed towards the time required to finish a cigar. For example a longer size takes about 12 holes to finish, smaller one takes about 8 and so on. My website is www.holeinonecigars.com I have made a few partnerships with Golf Courses that currently have the Hole In One Cigars in their pro shops. But now the Golfing season is coming to a close and I am trying to keep the brand name alive by distributing to other industries. Car Dealerships have become an increasingly interested sector, currently talking to a few at the moment. I think I have made my prices extremely affordable and packages are highly negotiable as I have a wide margin to play with. I think Ive made decent progress, yet I still find myself short of getting the name out there on social media. I've tried Facebook advertisement, with a budget of $40, but that didn't get me very far. Roughly ~100+ likes on my page. My Instagram account is really active as Im gaining followers on a daily basis but the rate of growth remains very slow. I feel like I am missing some big outlet that can endorse the name. Ive been researching methods but everything I come across is a highly paid subscription service which I really do not want to be apart of at the moment. Any ideas or help is greatly appreciated. [link] [comments]  |
| Posted: 03 Oct 2018 01:06 PM PDT My dad owned a roof restoration company about 10 years ago but threw in the towel after a disagreement with the other part owner. But he still has thousands of dollars worth of equipment sitting there, so I thought with all his knowledge and equipment and my motivation we could make this work once again. Where did you find your initial clients? I'm considering letter dropping a few thousand brochures over the weekend advertising our services, getting a website up and running and advertising on Facebook, possibly even an add in the local paper. I'm all about professionalism and impressions so I'm considering ordering a few work shirts and what not, should I wait for more work? Or just go for it? Also, after a quick google search this buisness seems to be pretty competitive. Has anyone started up a buisness in a competitive scene and still succeeded? Thanks so much everyone. [link] [comments]  |
| International eCommerce folks - which countries do you absolutely avoid b/c of logistics nightmare? Posted: 03 Oct 2018 11:45 AM PDT we're expanding and are considering few developing countries.. but i know customs / tax / corruption is quite rampant in the developing part of the world... not to mention really horrible last mile / delivery logistics. Any countries you particularly avoid ? would appreciate detailed response instead of short 1 liners [link] [comments]  |
| Posted: 03 Oct 2018 12:18 PM PDT I've been running Facebook ads for about a month now and have had minimal success. Excellent click-through, but minimal conversions. I've installed page monitoring software (hotjar) and while people are clearly spending time on the site, they're not buying. I'm beginning to think this is a product/price issue moreso than a customer issue, though, I feel that I'm not targeting the right audience. Are there any good resources available? [link] [comments]  |
| What does your friend that makes the most money do for a living? How much does he or she make? Posted: 02 Oct 2018 03:59 PM PDT Interested in stories of how someone became rich and got to that point. [link] [comments]  |
| I own a private soccer training company need to find affordable general liability insurance. Posted: 03 Oct 2018 05:59 AM PDT So our company has been bootstrapping since our humbled beginnings back in 2015 when we began to put some pieces together a college dorm. We are now partnering with an organization and using their facilities for training. We will need general liability insurance to cover ourselves as well as add our partners in order to use their facilities. I'm wondering if anyone has any insight on purchasing a year or two of blanket general liability at an affordable price. Bonus: is our website . Shred it to pieces if you would like 👍 [link] [comments]  |
| Posted: 03 Oct 2018 02:30 PM PDT Hi fellow entrepreneurs! I'm curious if anyone knows of any tools that can help a business grow / learn digital marketing based on crawling their website and making suggestions. I know there are a zillion SEO tools that analyze websites, but I'm talking more about general marketing decisions... for example:
I occasionally design websites for friends / family and I find that while they need a new website, what they really need is a tool that spoon feeds them with continuous suggestions / advice and gives links / resources on where to find help. I would imagine small business owners would love this sort of thing, and that web developers / designers would love a tool to do this automatically, rather than having to be a consultant / baby-sitter after a site is built. Id love to hear if the community knows of any such products... (or if I should build one, lol). Thanks! [link] [comments]  |
| How do you price a product/service where you have close to no running cost ? Posted: 03 Oct 2018 03:04 AM PDT I just started a business which is an online store showcasing and selling products of local artisans, mainly wooden furniture at the beginning (in a developing nation in North Africa). All I do is go to a local shop, photograph their products in a decent setting (which is a one time task per artisan), record the price they are willing to sell every item to me, and put the photos on the website. When a user orders an item, I then contact the artisan and they start working, and when the order is finished, it is then delivered to the client (they pay for the shipping). So basically, I am just an intermediary. I have no inventory nor employees. My value is that I offer more clients to the artisan, and more choice to the client. I don't know how to price that value fairly so that I, on one side, get enough money to live comfortably, and also make profit to grow the company, all while keeping costs relatively close to market, as the clients can just go and order directly to the artisans they know. How do you know what is the maximum price you can offer when you are in the early phases of your business, when putting to high a price tag might drive away your first and most valuable customers, while too low of a price tag would kill you and the business with it? [link] [comments]  |
| Posted: 03 Oct 2018 02:07 PM PDT Hello all and thank you for giving me feedback in advance!!! I have launched a website and I was hoping to get some feedback from all of you. Please take a look and let me know - what your first impression are - what I can improve - what devices you are using to view the website (mobile or desktop) Www.skyviewexperts.com Thank you so much!!!! [link] [comments]  |
| Validating Market for Starting a Coworking Space, Seeking Ideas for Finding More Customers Posted: 03 Oct 2018 08:06 AM PDT I live in a small city/big town that is rapidly growing and has no real co-working space. I'm a remote worker and this would really scratch an itch I have, not to mention everyone else in my town in the same situation. I know that co-working spaces are not "unicorn" start-ups, I understand that and at the very least having a small (10-20 person) but lively co-working space that makes a small amount of money would be sufficient to me. Also, this is my first foray into starting a business after realizing that I've always been far more interested in business than my own vocation (web developer). I'm considering it a small sandbox to play around in to hopefully start shifting my career with this on my résumé. Some things I'm doing or will do to validate the market:
I'm reading everything I can to find ideas on how to find initial customers so I can have some pre-purchased memberships in order to sign a lease. So far the meet-up groups seem like they'll be the most productive by speaking face-to-face with potential customers but we'll see. These are my ideas so far, does anything else jump out at you? [link] [comments]  |
| Growing User Driven Research Engine (Like Wikipedia combined with Reddit) Posted: 03 Oct 2018 05:03 AM PDT Hi I built encyk.com and despite great feedback it's tough to get people to post or promote as it doesn't have enough user content, it would really need press. At the moment I'm thinking of making it more useful to individuals like giving them their own profile pages where they can collect their research items with their topics in the sidebar, sort of like how social bookmarking sites (pinboard.io , getpocket.com etc. ) do and all these get collated into the main portal. These sites offer a paid tier so I thought that if they pay they can get their private profile and some additional features for $25/year and for enterprises their employees can signup for private profiles and all their items marked "business" get collated into a company research engine on a subdomain which would make it easy for businesses to create a knowledgebase. My main goal is to populate the portal, I'm only thinking of the paid service because then I could run ads if I get enough signups which would also promote the free service to populate the portal. Is this a viable strategy or any other ideas? [link] [comments]  |
| Posted: 03 Oct 2018 04:57 AM PDT Hey all, I'm running a coaching business for nerds to help them build their social skills (hence the username). I used to be terrible with people myself and I trained and practiced myself to be social. Now I can talk to anybody. Product: Coaching programs and workshops The thing I'm struggling with is who to target specifically. I'm basically looking at two different groups: IT/Engineering professionals Their struggle: share ideas with their teams, network at meetings and generally talk to people Nerds suffering from social anxiety It's hard to conjure up a clear image. Sometimes it's gamers, other times it's people form /r/socialanxiety. Who do you recommend I focus on? [link] [comments]  |
| Started a subreddit for exchanging services for bootstrapping entrepreneurs Posted: 02 Oct 2018 07:13 PM PDT I've met a few entrepreneurs lately, specifically tech guys, who are having trouble with sales. We exchanged tech services for sales help and it's worked out well. Kinda gave me the idea to start this subreddit to help each other out. Rules are in there, and I don't have much time to mod it so if anyone's interested let me know. But basically it is similar to the freelance subs but instead of exchanging money it's projects of equal value. So for example, a web crawler for a B2B business in exchange for writing up a proposal for a tech company. Value depends on the people involved so you'll have to hash that out. starter barter is a skill bartering subreddit to help entrepreneurs get their weaknesses covered without using cash flow. [link] [comments]  |
| Advice on business idea (inventing a new microphone product) Posted: 03 Oct 2018 01:28 PM PDT Hi all! I've been fiddling with online sales for a long time, nothing too serious. And I sort of came to a conclusion that making an own product might be a good idea (as opposed to being just another reseller). I'm not bad with electronics and coding, and have had an idea for a while that I share here. So, I notice there are a lot of vloggers nowadays. In general, when they start out, they tend to get 2 microphones (a tabletop microphone and a clip-on microphone for going out). My idea was to make a small tabletop microphone, which just works by having a clip-on microphone inside. This microphone can be easily taken out, and used outside. So a kind of 2-in-1 solution. Since it's not a true studio microphone, it wouldn't be expensive, maybe in the $30-$35 range tops. And I'd try and market it as a starter kit for vloggers, maybe with a booklet tutorial too. From what I saw, there's nothing like this on the net. And good microphones tend to be real pricey... Here are my questions: - is this a good idea or one I toss out the window? - if I make a few prototypes, set up a website, and start selling it on ebay, is this OK to do? I expect there would be very few sales on this, so I'm not looking to make a huge investment first. - are there any licenses/permits to be aware of? I mean, maybe the days of the "guy in the garage doing stuff" are long gone, and all this costs a fortune just in legal setup. I know these might be newbie questions, but it comes from a freelance developer. I understand freelance development does not require a license (yet). Thanks! [link] [comments]  |
| Here's how to start a Christmas light installation company. Posted: 03 Oct 2018 01:18 PM PDT There is actually a TON of money in it, and you only work a few months of the year. It's actually an awesome add on for window cleaning or pressure washing also. This is the same podcast on Youtube, and Itunes format (34 minute episode) https://www.youtube.com/watch?v=zwoZD0_NK30&t=1s https://itunes.apple.com/us/podcast/wcr-nation-the-window-cleaning-podcast/id1247538908?mt=2 [link] [comments]  |
| Printful Users | What content do you build your social profiles with? Posted: 03 Oct 2018 01:11 PM PDT For those using an on demand print service like Printful, you probably don't have tons of inventory on hand ... so what do people do for their Facebook and Insta content? Do you leverage sites like placeit to have "fake" model pictures with your apparel on it? Or do you just order sample T-shirts for yourself/others to create content for your social networks? Thanks [link] [comments]  |
| Always review your experiment results; even if they're bad results Posted: 03 Oct 2018 12:57 PM PDT Hi guys, I just wrapped up the first week of my market trial with Google Adwords, and I thought I'd share an interesting observation from the campaign results. My marketing experience is 0 and I didn't have high hopes for the $100 Adwords campaign, but it was a good learning experience, and I'm not convinced that my idea is trash! I ran the campaign for 1 week with a budget of $10-20 per day and ended up spending $95. I got roughly 2.6k impressions and had 65 clicks (2.67%); not a great CTR, but this is my first time so I'm not too worried. Of the 65 clicks, 3 signed up for early access (3.08% Conversion Rate). Ouch! With some tweaking, I'm sure I could double the CTR and Conversion Rate, but even then we wouldn't be anywhere near making money. I felt pretty defeated and considered dropping the experiment after just 1 week, but I just couldn't leave it like that: 65 wasn't a good enough sample for me. I looked through the Analytics data for improvement ideas and that's when I noticed the user session times; of the 65 Adwords clicks, only 11 people ever looked at the page. 11! That means the websites conversion rate is closer to 27% and my ads just suck. I'm preparing the next ad campaign and I hope it will perform better than the previous one. My focus this time around is getting to that to spot so people will check my website first. Any tips you veteran have would be much appreciated. I just can't believe how close I came to giving up based on the reports in Google Ads. [link] [comments]  |
| My Journey To Starting A Company Called Troll Socks Posted: 03 Oct 2018 12:49 PM PDT After being in the workforce and making some decent money in an office job for the last 9 years, I decided to start my own business. Well I didn't decide. It was at the urging of my fiance, and we decided, right babe (in case she reads this)? Some would caution not to start a business with your fiance. That could end terribly, they've shouted. It'll be another horror story, I've read. Well, without her urging and motivation I probably would have continued coming up with a new business idea every few months, jokingly tell my friends about how great it is, and then never start it just like I've always done. So without her there would be no beginning to this business. Don't get me wrong I've had some great joke business ideas like Cholf (Church and Golf combined, so on Sunday you can play golf while a preacher caddys for you and not feel guilty), Stair Pals (for lonely people who work on upper floors of offices and just want a buddy to meet them at the top and walk down the stairs with after work, gleefully chatting about their weekend plans), Brawlr (a location based app fighting app where you can challenge random opponents), Scarebnb (like Airbnb, but the house is set up as a haunted house, where action escalates through the night and actors will scare the living shit out of you). But, I digress. One thing that I always told myself is, "When I start my own business I won't start a boring business that's been done before! I want a gamechanger. A Facebook, an Uber, a Hello Fresh! Something that shakes up the industry and will sell for billions!" So we landed on and e-commerce sock store. But, they aren't just any socks. No, they're socks with a new spin! Socks with a real, undeniable swagger! Socks that will turn you into a superhero! Basically, we put faces on socks so when you look down at them they look back at you. There is a longer length material around the toes that resembles hair. The idea is to get some licensing deals with celebrities, athletes and musicians, and sell limited edition fan socks for them, as well as create our own line of original designs like different types of animal socks, emoji socks, etc. Always in fairly low quantities that will sell out quick so as to drive up demand on the 2nd edition, 3rd edition and so on. After each edition is sold out that design is gone forever. Think like Jordan sneakers, mixed with Beanie Babies. How did we get this idea? We saw a post that an astronaut made on twitter of his socks, with a noticeable fray around his toes that looked like hair. His socks frayed from bouncing off all the velcro, which is apparently omnipresent in the International Space Station. He drew a smiley face on the socks and sent it out to the world. He said his wife told him that they reminded him of the Troll dolls she collected as kids, with that signature wispy hair. We said, "That's it! That's the idea we've been looking for. Let's make socks where characters look back up at you as you look at your feet." We bought www.Trollsocks.com the next day. And today, a year and a half later after lots of work after hours, we opened up with a soft-launch, 6 designs, and are taking pre-orders and we couldn't be more excited. I did not think it would be as hard as it was but I guess that's how it always goes. We outsourced designers who designed our logo and dozens of socks. We interviewed and received samples from dozens of manufacturers, and modified samples, and modified again until we got it right and chose one. We learned how to navigate international freight and importing goods to the U.S. We learned all about warehousing and fulfillment and how to build out a Shopify store. And now, we have our very own business and couldn't be more grateful. We landed on 6 designs to start with and used all our capital on them. Trump and Bernie Sanders because the political climate with it's current divides and staunch supporters on both sides makes for a great opportunity to move some product quick. And they look awesome, honestly and will make great gifts this holiday season. Some bright colored socks with an XO Smiley face for today's youth who primarily buy online. A Red Fox sock that ladies will love. And an official collaboration licensed sock with Jay Critch, an up and coming rapper with a huge following in Brooklyn that has a stranglehold on the urban youth in that city. His burgeoning celebrity status should help us with marketing early on and we hope to sell out his sock and prove to other, bigger artists that there is a successful model and we are a cool, emerging brand to align with. Now all that is left is to sell out these 10,000 pairs. Then conquer the world! Then, and only then, will I be able to start my dream company: Add-On Beds, a modular bed company where you can buy slivers of mattresses and box springs to attach to the sides or ends of your current bed to make them bigger or longer in case you are moving into a more spacious dwelling and want to treat yourself, and you can do so for only $99 instead of spending $1500 on a new king box spring and mattress, or you can detach a sliver to make them smaller, so families that are on the move or may need to downsize can do so without having to sell their old mattresses for pennies on the dollar then buy new ones for hundreds of dollars. Yeah, that's the one where I'll make my legacy. If you are interested in following us on social we are @TrollSocks on Instagram and /TrollSocks on Facebook. The website is www.trollsocks.com. [link] [comments]  |
| Is there a website that sells online business? Posted: 03 Oct 2018 11:59 AM PDT I wanna buy a business that's an online store. Would like to take over their business and pay them for it. Thanks [link] [comments]  |
| I have a product I've made. Where can I go to see how much someone will pay for it? A subreddit? Posted: 03 Oct 2018 11:42 AM PDT |
| Including Youth to your company or try to be like the other adults? Posted: 03 Oct 2018 11:04 AM PDT Hey everyone, I run a digital media company and I make apps and run a website. Sometimes i wonder if i should just be myself running the business. Using memes and speaking like i normally do. Or should I be more "professional" and keep it office strict or what I think office strict is. My main product is a social media network. Any advice? [link] [comments]  |
| New winery shipping product out of state vs. in state and the taxes that apply through a website. Posted: 03 Oct 2018 10:57 AM PDT Started a new winery and we are getting orders online through our website. How are we supposed to tax the people making orders? We have a brick and mortar out of Washington state. [link] [comments]  |
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