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    Thursday, November 1, 2018

    Thank you Thursday! - (November 01, 2018) Entrepreneur

    Thank you Thursday! - (November 01, 2018) Entrepreneur


    Thank you Thursday! - (November 01, 2018)

    Posted: 01 Nov 2018 06:06 AM PDT

    Your opportunity to thank the /r/Entrepreneur community by offering free stuff, contests, discounts, electronic courses, ebooks

    and the best deals you know of. Please consolidate such offers here!

    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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    4 technical graphic terms every entrepreneur should know!

    Posted: 31 Oct 2018 08:52 PM PDT

    Hey there, r/entrepreneur! I know we all are sponges when it comes to helpful information, and I thought the latest topic I covered on my blog was relevant to where many entrepreneurs are. Outsourcing work to other professionals can sometimes result in a language-barrier, since they have their industry lingo and you have no idea what terms they're throwing around! I wanted to share four of the most common terms you'll encounter if you work with a graphic designer, and why they're important to understand.

    RGB vs. CMYK

    These are two technical terms that most people have heard of in some capacity, but fewer people truly understand what they mean. These acronyms are used in regards to design output. RGB stands for Red, Green, and Blue. CMYK stands for Cyan, Magenta, Yellow, and Key.

    RGB is used in any digital output, such as a screen.

    Every color on your computer screen is a combination of a red light, green light, and blue light. From a young age, we all learn the primary colors; blue, red, and yellow. From these three colors, any color can be created. But that only applies to pigments. Red, green, and blue are the primary colors of light. So when dealing with designs that will be used on screens, it's important for files to be formatted using RGB. This will result in the most accurate output of the designs.

    CMYK is used when the designs will be printed.

    A four-color process printer uses dots of four ink colors to create all other colors. Cyan is a light blue and magenta a bright pink. Yellow is self-explanatory. Key is another term for black ink. A design that will result in a printed output requires the file to be formatted using CMYK, so the printer is accurate with the colors.

    These two terms are important to understand, because they are used often in the design world. And if you find your designing sending over your web design files in CMYK, it can be a red flag that you've hired a novice and might run into more issues!

    Raster vs. Vector

    Two lesser-known terms, but extremely important, are raster and vector. These terms relate to how a design is constructed in a digital file. The two primary applications used in design is Adobe Photoshop and Adobe Illustrator. Raster and vector relates directly to these two programs.

    Photoshop is built using raster images.

    This means that the program remembers everything by pixels.The entire image is built using small dots of colors, and the Photoshop remembers the location of every pixel. This is very useful in dealing with photos, because all digital photos are formatted in raster. So in Photoshop, it's easy to manipulate and edit photos. The problem is that raster is not scalable. Since there is a finite number of pixels in an image, the quality of the image is related to that number. If an image is 100 pixels by 100 pixels, then it doesn't have enough pixels to fill up a space that is 500 x 500. If you try to resize it that large, it will be a very bad looking image. So if you require a design that can be resized without losing quality, then you'll want to use vectors.

    Illustrator is built using vectors.

    Vectors are mathematical formulas. Instead of remembering where each pixel is, it remembers formulas. This means that you can resize vector images to your heart's content, and it will never lose quality. Illustrator is not too good at dealing with photos as Photoshop is. It is far superior in dealing with type, because the type can be resized and maintain its quality. Because of this, Illustrator and Photoshop are often used together on design projects, each one playing to its strengths.

    The most common encounter a you'll have with raster and vector is in dealing with logos. It is a sin of design to create a logo in Photoshop, because it can't be scaled. By their very nature, a logo needs to be used in a whole range of sizes. Your logo could be used as big as a billboard or as small as a business card. Having it designed in vector will allow you to use it wherever it's needed and not lose any quality.

    If you've made it all the way to here, thanks for reading! I hope something in here was helpful, and maybe will cut out some stress of working with a designer. Although the best practice is to always ask questions, having a baseline of knowledge puts you in the position to succeed.

    submitted by /u/MadisonCarr
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    What are you working on this week?

    Posted: 01 Nov 2018 09:00 AM PDT

    As Entrepreneurs, I am sure You're all doing amazing things, whether it's for work, Business, or some personal project.

    Talk about your a project you've been dedicating time to, a problem you're running into, or anything that you would want to share.

    Personally, I am gearing up for a product hunt launch this weekend for rankz.io and its already exhausting to prepare for the unknown...

    submitted by /u/alertify
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    Manufacturing a Food Product in China

    Posted: 01 Nov 2018 11:10 AM PDT

    Hey guys, I've been toying with the idea of creating a type of drink mix that would be packaged in those tradition stick packs that you see a lot of companies doing. If I were to get this product manufactured in China, would I have to send them my product that I've created in the U.S. or could I say order the ingredients from Alibaba to the factory and give them specific specifications on how to create and package the product? Thank you!

    submitted by /u/Mothoak
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    Boston Startup Conference and Networking Event - Shoobx Drive - Nov 8 - free tickets

    Posted: 01 Nov 2018 01:29 PM PDT

    Shoobx Drive is a half day startup conference in Boston on November 8th.

    We'll have startup superstars talking about HR, Fundraising, Operations, and more. You can mingle with investors and entrepreneurs at our happy hour. Last year we had about 200 attendees and I think we're on track for the same number.

    At this point tickets are $50, but I still have a ton of free tickets that I was supposed to give away so if you'd like you can use my discount code to get in for FREE. Check out www.shoobx.com/drive/ When you register use the code JGROVER. Please refrain from publicly posting that promo code. Though if you have a friend who's a founder/investor and in the Boston area, you can share it with them.

    https://www.eventbrite.com/e/shoobx-drive-conference-for-startups-tickets-45698225623

    submitted by /u/groverdesign
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    I want to make $50,000 AUD in sales on the first year of my business [ Break Even]

    Posted: 31 Oct 2018 11:55 PM PDT

    Hey guys,

    I have an online socks business and I am currently converting 1.16% of every visitor in my website. With an average purchase of $22 AUD. How many website visits should I aim for per month to hit my goal of $50,000 in sales on the first year of my business?

    submitted by /u/magicallen
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    Any advice or ideas for starting a music teacher sole proprietorship?

    Posted: 01 Nov 2018 01:10 PM PDT

    Perhaps test out craigslist to see if there's a market for piano? I've played casually for two decades. I been teaching college courses (not music related) for over 6 years, and I've run my own business for a decade (event management), so I'm familiar with teaching, music and business management. I'm thinking I might as well combine music, teaching and entrepreneurship since those are things I'm most familiar with in my life personally and professionally.

    submitted by /u/V2_icarus
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    How to start setting partnerships & sponsorships

    Posted: 01 Nov 2018 01:01 PM PDT

    My startup is releasing its app product in a few months and want to start reaching to people & companies about establish partnerships & sponsorship. We have functional wireframes to show how the app works & how we monetize.

    Anyone here with experience in setting up partnerships & sponsorships as they are near a product launch? Would love to details on how it works from start to finish, timelines on when to reach & how to reach out, what/if any docs need to be presented between both parties, what terms need to be in place before a agreement is officially made?

    I could use all of the help I can get please!

    submitted by /u/TheGifted_
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    A small poll on your ecommerce platforms

    Posted: 01 Nov 2018 12:54 PM PDT

    Hello Entrepreneurs!

    I have been selling on amazon and plan to also start selling on shopify and woocommerce sites. I tried to do my research on how to do this quickly and easily and saw there is no easy way so I created my own software that helps do this. I utilized the standard apis from amazon/shopify/woocommerce to copy listings around and also fulfill orders across the platforms from any marketplace.

    For example you can click to copy your inventory from amazon to shopify and start fulfilling shopify orders from amazon.

    However I assume my pains won't the same as yours and in order to gauge that I would love to know:

    1) Do you have plans to move from Amazon to Shopify or woocommerce?

    2) If yes, what are your plans like to copy the listings and fulfill the orders?

    3) For customers buying from your own site , have you thought about automatically displaying if inventory is available the buyer's location/country and also shipping price?

    4) is the ability to access 3pl for your own websites a hurdle? or nice to have? or don't care?

    5) What is stopping you from selling in other countries? (Freight? customs? warehouses? etc)

    6) Anything else that's very obvious and I am missing?

    Thanks in advance for your responses and if you would like I can give you access to my utility or a coffee if you are in Toronto or a lunch in return for your time.

    Keep rocking!

    submitted by /u/Keyser___Soze
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    Any freight forwarders in the house?

    Posted: 01 Nov 2018 12:41 PM PDT

    Hello I am an importer based in India trying to get into forwarding business. Can I pick your brain? Thanks!

    submitted by /u/harami_rampal
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    We have Reworked the Future Projections future for Instagram!

    Posted: 01 Nov 2018 12:27 PM PDT

    Future Projections Feature is Now Reworked at EvoIG.com

    Demo here: https://i.imgur.com/Nrbch9a.png

    As an Entrepreneur you cannot miss the contact with social media, our tracking tool can help you audit any Instagram Account and Spy Competitors - for FREE.

    submitted by /u/saidhassan44
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    How to plan your day in <4 minutes and know exactly what to work on in the morning

    Posted: 01 Nov 2018 12:14 PM PDT

    Hey Entrepreneuredditors!

    They say time is money, bu it's too easy to get lost in "small" tasks that get you nowhere: emails, interruptions, "urgent" tasks that don't move the needle…

    That's why the last thing I like to do every day before wrapping up, is to spend a few minutes planning my next day.I look at my todo list (and eliminate), align my actions with my goals, and then find one big thing that will make my day a success, right from the morning.. In less than 4 minutes, I make the remaining 23 hours, 56 minutes more effective.

    Find out how you can plan your day too (plus a bonus technique) in my latest video here, or…keep reading below :)

    HERE'S WHY.
    When you don't plan your day, you get lost (first thing in the morning).
    It's too easy to just do the next thing that comes to your attention: a task staring at you from your (infinite) todo list, or an email that feels "urgent" only because someone else sent it to you. By the time you get to actual work, most of your day is gone.

    And you haven't accomplished much.

    You don't have a road map to tell you what to do. Instead of building results day by day, every day is separate, and you start from scratch. You're not getting anywhere.
    You always feel behind and you're always busy.

    When you plan your day in advance, it only takes four minutes, but it changes your entire 24 hours.

    Having a plan ready in the morning allows you to know exactly where to start from.
    It also saves you from having to make decisions in the morning. No reason to stop and think, just jump in and take action.

    HERE'S HOW.

    Step #1 – select and eliminate.
    Look at your todo list and your tasks, and…eliminate the ones that won't make a difference and the ones that are not time sensitive.
    Secondly, you only want to work on tasks that get you somewhere, not just make you feel busy. You want progress. Not directionless movement.

    Step #2 – align your objectives.
    Look at your goals. What action can you take to get closer?
    For example, if you want to find 10 new clients by the end of the year, what can you do today that will directly get you closer to successs?
    We often use our todo list as a way to stay busy, so we don't have to do the stuff that actually scares us (and actually will get us somewhere). That's why goals and objectives are so important: they are a filter to know exactly where you want to go, what you want to accomplish, and how.

    Step #3 – select the one thing that will make a difference.
    Lastly, choose ONE THING that will make your day a success. Then start from that one. If you complete that action at 8 am, you will already have had a successful day from the start. That feels amazing.

    Instead of working on everything else and everyone else's priorities, choose to focus on what will make a difference from the start and then do that.
    That is how you win the day.

    Bonus step – choose your location.
    I like to choose where to work from so that it takes away one more decision. I usually work from the office, but sometimes I visit another space. Other times I write from a coffee shop. So I like to choose the night before (or even at the start of the week).
    One less decision, one more certainty.

    Remember: every day, the last thing you should do at the end of your workday is to plan your tomorrow. You will regret not to.

    Find out more about planning your week in my latest video here, or…keep reading below :)

    Do you plan your day or your week?

    If not, why not?

    submitted by /u/mattsann
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    Recently graduated with a Politics degree. Been jobless for the past few months. Any ideas for self-employment related to politics? (UK)

    Posted: 01 Nov 2018 11:59 AM PDT

    Packaging and Package Inserts for Ecommerce Business

    Posted: 01 Nov 2018 11:42 AM PDT

    Hey all,

    I'm looking for some literature on the efficacy of high-end packaging as well as package inserts, coupons, etc. for my ecommerce business.

    For Packaging, I'd like to do some reading to help answer these questions:

    • What type of business/product will benefit most from high end packaging?
    • What are the expected benefits of having high end packaging for my products? (my products are custom apparel/garments and I would like to upgrade the packaging to reflect their value, but want to make informed decisions about how much to spend)
    • Recommendations for companies that can make custom packaging for a small business?

    For Package inserts, coupons, etc. I'd like to do some reading about what works best for different types of companies.

    • What type of coupons work best in packages sent to those who have just made a purchase?
    • What other inserts are worth putting into packages shipped to customers?

    If anyone has read some good articles/research about these topics, or has personal insight, I'd appreciate it!

    submitted by /u/yeah-but-why
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    FBA Owners: what info do you wish was easier to find?

    Posted: 01 Nov 2018 11:34 AM PDT

    I just acquired an FBA and I'm building an dashboard to KPIs that I want to improve. I like to look at when sales happen throughout the day. So, the sales by hour graph let's me know when it makes sense to turn my PPC campaigns on.

    Are there any other metrics I should build into the dashboard?

    Thanks!

    submitted by /u/spinlock
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    How to start a secret, side brand?

    Posted: 01 Nov 2018 07:43 AM PDT

    Hey y'all!

    So I currently own and run a product brand under an LLC and I'm interested in starting another brand selling a similar product but with an entirely different theme. What are the steps to doing something like this in a small and experimental fashion? Can I just add a DBA under my current LLC and go to town or is it more complicated than that? We are based in VA btw.

    Thanks for any help.

    Cheers

    submitted by /u/RVASurfer4
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    Real Estate: Renting your place out to a startup company for equity in their business?

    Posted: 01 Nov 2018 11:24 AM PDT

    I'm living in a place in which iGaming, blockchain, and startups are becoming a huge sector. I so happen to have an apartment I brought here a years ago before the market boom. The place it self already paid it self off and I have no mortgage on in.

    Anyway, my question is this. Has anyone every (or is it even legal?) to rent (very cheap) out their apartment/house to a tech startup for equity in their startup?

    I figure I have nothing to really lose even if they don't take off.

    Looking for some insight on going about this.

    Thanks

    submitted by /u/Beard_Away
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    How to determine how much to charge for sponsored videos and sponsored video content?

    Posted: 01 Nov 2018 10:45 AM PDT

    For a website that has some eLearning/online training courses and I'm considering both sponsored videos (ie "This video/course is sponsored by...") and sponsored video content (designed by the sponsor. If the sponsor company makes software, then they could have an a video course on how to use the software.)

    I'm not sure how to go about pricing for these two options, so any input would be great!

    submitted by /u/infolink324
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    Finally pulling the trigger

    Posted: 01 Nov 2018 10:42 AM PDT

    Hey fellow entrepreneurs! After thinking about a lot of stuff and figuring out the best way to make an entrance into entrepreneurship, I have went ahead and started a business. I have bought everything that I need to get started and now I'm trying to create a website to link my products to on social media. I plan on using social media to advertise my products and grow my presence (Instagram, FaceBook and others) and I'd like to have a link somewhere that my prospective customers can view my items. I am a baller on a budget right now so I'd like a free solution with very little to no sales commission, if possible. Does anyone know how I can accomplish this, or at least provide a new perspective to how I can accomplish this? Thanks in advance.

    submitted by /u/JoshBuhGawsh
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    Starting B2B startup while having a job that pays the bills?

    Posted: 01 Nov 2018 10:23 AM PDT

    I want to go lean and want to validate my idea and product before start making the product. Can I go and talk to potential business owners when I am myself an employee. Will it affect my sales prospects ? My startup domain will be education (specifically schools for now). I have started coding but I wanted to make an mvp and go pitch but having this fear of rejection due to being an employee and not an Full time Business man.

    Anyone has done this before? How do you go about this this?

    submitted by /u/IamGonnaChangeMyself
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    Starting a targeted media list, could use some advise.

    Posted: 01 Nov 2018 10:04 AM PDT

    As the title says, I'm about to start building a targeted media list of journalists and bloggers relevant to a website I'm working on and was wondering if you all could give me some advice as to the most cost effective way to build it. I'm looking for approx. 500-1000 lifestyle reporters/bloggers if that is relevant.

    My thought was to find a few and set up a spreadsheet/database as an example and then turn it over to a VA but wanted to ask if any of you have used a service or website rather than doing it the manual way.

    Any advice would be appreciated.

    edit: sorry about the typo in the title.

    submitted by /u/robsox128
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    Specialty cash crops

    Posted: 01 Nov 2018 04:02 AM PDT

    Has anyone successfully run a small scale farming operation on one acre of land? Net income?

    submitted by /u/goodayniceday
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    Has anyone tried ads on Pinterest?

    Posted: 01 Nov 2018 09:44 AM PDT

    I opened a small online women's boutique shop about a month ago, and I've spent about $70 on Facebook/Instagram ads. Although they did have great engagement they didn't result in sales nor really increase my traffic. I know one thing's for sure I need to post a lot more on Instagram which I've been working on, but I've been thinking of trying Pinterest ads.

    I have buyable pins for all my items and this past month I got over 4k views, so I'm wondering if anyone has used Pinterest ads? Did they work for you? Or should I keep trying with FB/Instagram? Because I'm sure the ones I did weren't optimized enough to reach my audience. I appreciate any advice!

    submitted by /u/kgallardo7
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    Top 10 Entrepreneur News for October

    Posted: 01 Nov 2018 09:06 AM PDT

    I've been a founder for 12+ years and subscribed to pretty much every publication out there (TechCrunch, Reddit entrepreneur-related subs, etc.). The #1 thing I found valuable for me as a bootstrapped entrepreneur has been HackerNews (especially their comment section).

    The problem with HackerNews is that many of the articles there are some heavy tech. However, the entrepreneur-related ones (which appear once in a while) are AMAZING, with the comment section being world-class. There are around 100 articles like these each month.

    Here are the top 10 (curated by me) for October. I'd appreciate an upvote if you guys think this list is valuable, as it would motivate me to post this round-up here every week. here we go:

    1. How to Get Things Done When You Don't Feel Like It (1161 votes)

    https://news.ycombinator.com/item?id=18179972

    As always, the comment section contains much more useful advice than the article itself. You'll get very interesting ideas on how to overcome procrastination from bootstrappers like you.

    2. How I Faked My Way to the Top of Paris Fashion Week [video] (287 votes)

    https://news.ycombinator.com/item?id=18185922

    An article from the same guy who previously faked his way to creating a #1 ranked restaurant on TripAdvisor:

    https://www.youtube.com/watch?v=bqPARIKHbN8

    I don't encourage replicating what he did, but a lot of these principles could be utilized in some part of our businesses.

    3. How a Website Exploited Amazon S3 to Outrank Everyone on Google (427 votes)

    https://news.ycombinator.com/item?id=18094328

    An amazing case study of how coupon sites rank for keywords, using the power of the Amazon domain.

    4. How I've Attracted the First 500 Paid Users for My SaaS (919 votes)

    https://news.ycombinator.com/item?id=18216783

    A great article about a bootstrapped startup. The HackerNews comment section covers some of the more controversial parts.

    5. Repair is as important as innovation (590 votes)

    https://news.ycombinator.com/item?id=18250572

    An aspect of business that mange people overlook. For example, many people advocate (when starting out), to use the power of a marketplace to build your software startup. This is taking a wider view. Highly recommended read.

    6. Ask HN: Am I just a wantrepreneur? (427 votes)

    https://news.ycombinator.com/item?id=18267468

    Plenty of useful advice on how to get out from the "wantpreneur" trap.

    7. How to price a product, sell it to customers, and build a sales team (256 votes)

    https://news.ycombinator.com/item?id=18252941

    A great article (from Stripe) & HackerNews discussion on pricing.

    8. Growing Our SaaS to $1M+ ARR: 7 People, 3 Years, No VC Money (409 votes)

    https://news.ycombinator.com/item?id=18106768

    How a guy from Belarus bootstrapped his way to 1 mil. He answers questions in the HackerNews comment section.

    9. The high-risk, high-reward world of selling random stuff on Amazon (126 votes)

    https://news.ycombinator.com/item?id=18214521

    A comprehensive article, describing the industry of selling on Amazon as a bootstrapper. The HackerNEws comment section is filled with amazing experiences & advice from people who do this.

    10. Are influencers overrated? New Study questions effectiveness of targeting "hubs" (81 votes)

    https://news.ycombinator.com/item?id=18205638

    If you introduce a new product or service, how will customer word-of-mouth travel? This study by Stanford examins a simpler approach to generate word-of-mouth, that doesn't involve "influencers".

    submitted by /u/darkomkd
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