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    Thursday, February 28, 2019

    Thank you Thursday! - (February 28, 2019) Entrepreneur

    Thank you Thursday! - (February 28, 2019) Entrepreneur


    Thank you Thursday! - (February 28, 2019)

    Posted: 28 Feb 2019 05:11 AM PST

    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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    Everything has been already done to death.

    Posted: 28 Feb 2019 04:29 AM PST

    Everything has been done to death.

    Every niche. Every problem. Every business. Every idea.

    There's 10 coffee shops / cafes (not to mention various other takeaway shops / bakeries that sell coffee) in my one local high street (Powai,Mumbai) that can be walked from end to end in 5 minutes flat...and another one opening soon.

    And several dentists, easily 10 barbers / hair dressers, 2 travel agents, 5 or 6 newsagents, 3 supermarkets, 5+ bakeries, a dozen or so food takeaway shops, 3 Chinese restaurants, 4 Indian restaurants etc etc

    Do you think just none of them noticed other people were operating similar / the same businesses as them?

    I'm sure they did. Yet they all thrive.

    That's on a small local high street that you can spit and reach the other end on a windy day.

    The internet is global, has 3.2 billion people on it, grows by 30 million new users every month and at a conservative estimate has $327 billion + dollars (and growing) spent on it every year.

    Are you really worried about competition / saturation / your idea having been done before?

    Seems like a minor concern, if a concern at all, to me on a platform so big that it can never be fully tapped.

    Competition is nothing but a sign of a healthy and in demand market with money to be made, customers to sell to, products to sell to them, traffic to be found and all that other good stuff you need to sustain a business.

    Embrace it. Run with it. Just do it.

    I built a SEO tool (rankz.io ) , in a very competitive market, with established players and this motivates me to ignore all those who says it's already been done.

    Don't try to re-invent the wheel or look for something totally new / untapped / secret / that hasn't been done just look at what's already making money and emulate it and then along the way try to find small ways to differentiate yourself from your competition so you can stand out in the long term.

    Just do something,
    Do it right,
    Do it better than them.

    .. Subhash

    submitted by /u/alertify
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    Getting likes and follows on your Instagram doesn't make you an entrepreneur!

    Posted: 28 Feb 2019 07:54 AM PST

    All you young bucks seem to be obsessed with follow and like numbers, when in reality, I bet none of those followers and likers are even buying anything from you, so what's the point?

    Even YouTube, which one could argue that views translate into money, but in some cases, maybe 1 video of a creators topped a 1 million views, but none of his others even cracked a 1,000, which means he ain't making shit!

    Plus, you can always pay for views on YouTube don't forget... just a thought.

    submitted by /u/Megalorye
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    Learn About Startups and Raising VC Funding - From an Esports Startup Raising Their Series A

    Posted: 28 Feb 2019 12:16 PM PST

    Hey /r/entrepreneur!

    Multi-year lurker + occasional commenter here. I'm the Director of Marketing at Esports One, a real-time stats & data startup in the esports industry. We've been running for the last two years and have experienced everything from working out of apartments, to attending startup accelerators, to raising a seed round of funding and moving across the country to LA to build the company.

    Now, as we start raising our next round of funding, we wanted to put something out to the world that would de-mystify the startup and fundraising process from our perspective in the esports industry. There are so many people out there that want to work in a startup (or found their own) that are searching for info about pitching VCs and raising funding; and there are a lot of great resources to learn this, but sometimes it's helpful to hear someone else's experiences, the challenges they faced, etc.

    So, we started The Esports Startup podcast (if you've ever listened to "Startup" by Gimlet, you may notice that we drew some inspiration from them)! Our first season starts by covering how we built Esports One to the point that we could raise our Series A, and follows alongside as we go through the process of raising our Series A, complete with actual clips of our CEO pitching investors and more! Including...

    • How we built the company to the point we could start raising our Series A funding
    • Details on how we negotiate the terms of our rounds of funding
    • Transparent discussions with our current investors about how the Series A raise is going
    • Strategy behind building our pitch deck & choosing investors
    • Behind the scenes info about working in an esports startup that you wouldn't ever consider (unless you also happen to work in an esports startup!)

    If any of that sounds interesting to you, you can check out the podcast through the links below :).

    • iTunes
    • Anchor - (links to all the platforms the podcast is available on here)
    submitted by /u/LeagueJontur
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    What should I learn to do to make money online as a 17yo?

    Posted: 28 Feb 2019 02:41 PM PST

    What should I learn to do to make money online as a 17yo?

    I want to make money but i cant work irl in my country.

    I want to learn something or do smth to make mone but idk what to do

    submitted by /u/gueinibba
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    Reddit: What online course changed your life?

    Posted: 28 Feb 2019 01:19 PM PST

    Suggestions on conquering feelings of isolation?

    Posted: 28 Feb 2019 12:53 PM PST

    I took the leap full time about 7 weeks ago. I'm still going through product dev, sourcing, testing, etc. and working out of the home office. Today the isolation is kinda getting to me. Any suggestions from anyone here?

    submitted by /u/bldevore
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    DO your research! Then do it better than your competition.

    Posted: 28 Feb 2019 07:18 AM PST

    This is my battle cry. Other people make identical jewelry that I do and some sell it for less. But due to their packaging/marketing really focus only on 1 set demographic and the stereotypes around that . So much so that it alienate others not in that group.

    Example: I make and sell bullet jewelry. My packaging is neutral in style but classy looking. My shops name is The +Color+Thing style without being overly feminine or masculine. A LOT of bullet jewelry sellers market country/conservative/southern white female gun owners , which is definitely part of my audience. But they do so in a way that doesn't include others who may be interested. Not everyone wants packaging that is burlap with hearts and lace.
    I used Concealed Carry Permits as a measurable way to get data for my marketing as well as what I observed at in-person shows.

    Since 2012 the number of CCW permits has increased by 161% for women and by 85% for men. When permit data is broken down by race and gender, the rates of permit holding among American Indian, Asian, black, and white females all grew much faster than the rates for males in those racial groups. Concealed carry has increased most rapidly among black females. From 2000 to 2015, the rate of growth was 3.81 times faster than among white females.

    So I make a variety of styles of jewelry to appeal to a wide variety of tastes, cultures and skin tones. With input from women of color at in-person shows I have expanded from studs to bold leather dangles accented with the bullet slices. These have been very well received. Women are my bread and butter but also young men , particularly young urban men of color love my stud earrings with crystals. As one young man told me " It looks bad-ass and if I lose it, I'm out $15 not $300."

    Also The Center for Homicide Research did a research study of Gun Owners among LGTBQ+ ( taken at a large Pride Festival) that indicated 22% of the participants who identified themselves as LQTBQ+ considered themselves gun-owners/future gun owners. Most of the competition focused very closely to heterosexual, cisgendered, white women.
    So by expanding some of my offerings to include the colors of the pride, trans, and bi flags, I am able to tap into that neglected market as well

    DO YOUR RESEARCH and then do it better than anyone else.

    submitted by /u/BubblegumDaisies
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    Experienced Software/Hardware Developer seeking lead pool

    Posted: 28 Feb 2019 11:55 AM PST

    I'm a lifelong software developer and working with embedded platforms since 2011. I've designed desktop apps, mobile apps, interactive websites, Arduino-compatible devices and pcbs, handhelds, programmable radios, intelligent relay systems for industrial automation, and automotive systems. I've overseen product development and sales from conception to launch, to long term end-user support. I'd like to find other entrepreneurs to work with, to refer and be referred work depending on the specialties involved. If this is of interest please get in touch! Je parle français aussi.

    My prototyping company: http://goodprototyping.com

    Specialties: C/C++, Java, VB4/5/6/VBA, HTML/CSS, Javascript, PHP, Ajax, XML, Cadsoft Eagle, CAD/CAM, electronics, PCB design, 3D printing, Dropbox API, Google Maps API, Google Cloud Console, SQL/databases. MSVC, XCode, Arduino/AVRStudio

    submitted by /u/vedicvoyager
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    If you had a chance to spend 1-1 time with an extremely wealthy person, what would you ask? How would you maintain the relationship?

    Posted: 28 Feb 2019 10:59 AM PST

    I recently cold-emailed a very high net-worth(in the $Bs), very connected individual in my area. I happened to have a personal relatable connection/story with them & was able to garner a 1-1 meeting. This individual is very passionate about spreading entrepreneurship & has made their money in real estate & other ventures.

    I am actually very inspired by what they are doing for the community & would like to maintain a connection. I did not reach out to him for any business connection or because of his wealth.

    What would you guys suggest I talk to him about to gain more insight into his story & success? How would you form a lasting connection? I am very good at connecting and relating to people but I've also never had a 1-1 with someone like this(though our mutual connection was highly successful & definitely did a lot of disruption of a huge industry & i've had a group lunch with that person. not the same a a 1-1 though)

    submitted by /u/thetraveler02
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    Looking for a sales/marketing/other partner for electronics dev co. venture.

    Posted: 28 Feb 2019 02:40 PM PST

    I'm an Electrical Engineer with 20 years of experience in new product development. I'm skilled at everything from circuit design, rigid/flex printed circuit board layout and fabrication, mechanical design, software design, you-name-it. I can do full stack software development (low-level/firmware, database, web, OS, etc.) as well, with a focus on UI development for Android and embedded Linux. I know all the ins and outs of embedded system design and development. I have countless contacts and relationships in manufacturing and fabrication; everyone from prototyping/quick-turn to contract manufacturers for high volume production. Quite literally, when it comes to electronics and embedded computing, there's nothing I can't develop, from concept to full production.

    My dream is to own or co-own a product design consult and engineering company and be my own boss. I've done many designs over the years, even recently, where just the design effort alone earned me $4k - $10k with completed fabrication documentation as the deliverable, and that's for designs that take no more than a few weeks to a month to complete.

    I know there are a lot of design firms out there, but I really feel with the help of a business partner -- especially someone with the kinds and number of connections I have analogous to the marketing and sales worlds (I know very little about getting a "good" website up and running, doing outside sales, etc.) -- that a healthy little business can get up and running. We can look at things like profit-sharing, straight salaries, commissions, etc. when the time comes, but basically I need someone who's as passionate as I am and can bring in the work. Imagine how well you'd do if I had a few engineering subordinates less experienced but capable under my tutelage to increase the amount of work. The business model is pretty simple, but it all depends on bringing the jobs in.

    I'm open to any and all serious proposals, and have plenty of free time outside my regular job to grow something quickly and aggressively, especially with the goal in mind of being able to quit my day job and focus on this venture exclusively.

    Who's with me?

    submitted by /u/UtCanisACorio
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    Online courses that actually work?

    Posted: 28 Feb 2019 02:40 PM PST

    I'm finding a lot of these...authorityhacker, ecom empires...some of them are free, some of them cost $1000....

    Can anyone recommend one or talk about their experience following it?

    submitted by /u/zenplus
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    Social handles on business cards?

    Posted: 28 Feb 2019 02:25 PM PST

    Hiya r/entrepreneur!

    I have a new product-based (not drop-shipping) company. My marketing strategy relies heavily on social, but since I'm just getting rolling I only have about 10 posts on each channel. Should I include social handles on my business cards?

    submitted by /u/_PM_me_puppies
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    Plumbing/Electricians/Handymen jobs - EmergencyServices24H

    Posted: 28 Feb 2019 02:24 PM PST

    Hello,
    I was looking for some technicians, as mentioned in the title, in the area of North New Jersey to pass you some Emergency Jobs only in your free time. If anyone is interested you can call at this number:
    609 900 4132
    Our e-mail address: administrator@emergency-services24h.com
    Just ask for Mark.

    You can visit our website:
    www.emergency-services24h.com

    submitted by /u/GoldDay1
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    Need some help finding a manufacturer for molds

    Posted: 28 Feb 2019 02:00 PM PST

    Hey folks! So I was curious if anyone has any resources on companies to have custom molds made? Any that you've had an easy time dealing with, doesn't hurt too much on the budget? Specifically, companies that make molds for resin would be fantastic. I do know some googlin would probably get me the result I need, but I like asking the community and hearing about things they've found and done.

    submitted by /u/DrupalFrogsFish
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    Selling website that made $100 within the last week for $500, where to sell small side projects?

    Posted: 28 Feb 2019 02:00 PM PST

    I created a platform where I connect clients to freelancers for a small fee, it has made $100 within the last week.

    But since I have a main job I can't spend any more time on it. I am referring clients to freelancers and charge a 10% fee based on the project value. Once a client submits a new project an email is send out to the list of freelancers (currently 123) and the one who pays the 10% fee first via Paypal gets the client/project and can work with him on his own terms.

    It is pretty much all automated from project submission to sending out the email and tracking of someone paid via Paypal to mark the project as closed. The only work is really getting new clients, or setting up ads. I did it manually without ads and haven't spend a penny so far on marketing.

    submitted by /u/Max-20
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    How do social media branches of companies even make money?

    Posted: 28 Feb 2019 01:59 PM PST

    I work at a company who does social media (among a plethora of other things for small businesses around the area for tech related services)

    I mainly handle most of the social media things as I am the only one at the business who has a graphic design degree - so clients get a fully branded out experience. I sometimes even help create brand guidelines and things as many small businesses didn't get any when they had their logo created.

    I maintain the same overall "look" in that I keep brand colors consistent across images, text all uses same font size, family, etc.

    We charge as low as we really can, which is typically $250-300 for 4x advertised posts a month. Each post design takes an average of 20-30 minutes of time, then research for target audiences, body copy research, etc. In the end each post comes out to be about 60 minutes worth of work from first conceptualization, research, design, body copy, target audience, and then review with client, post for client, boost for client and monitor any responses that come in as well.

    However, there is another company in town that offers a very similar service, for $99 a month. My questions is - how can they offer those rates? Any insights from anyone who charges rates similar to this? From the post design alone - its much poorer quality (we recently lost a client to them) in that I mean the last 3 posts I have saw on their facebook - none of them have used correct brand colors for the type, they change the typeface everytime they post, the pictures don't make any sense to me, etc.

    Overall - to me it seems like a much poorer overall design then what I was doing for them. But they seem to be attracted to the "price" and aren't really looking at the overall design of things I believe.

    What can I do to prevent this? I feel like a lot of clients don't really get the whole "design aesthetic" as I have worked with many SMB's owners around the area and many of them would think both designs are "pretty similar" in their eyes - but I as a designer can tell blatant misuse of things like their logo, typefaces, overall brand style that I was working with over time.

    $99/per month for 4 graphics per month seems insane from a business model standpoint - doesn't seem like any meat on the stick per say. Once you pay your employee, pay taxes, etc the hourly rate profit just doesn't seem to be there really. My boss likes to charge at least $75 per hour to the customer for any of our services as a baseline rate (we are computer technology firm - we do a bunch of stuff) so I just don't know if we are looking for too much or what, but even then with all the costs that go into the business vs. billable hours and all of that - it just doesn't seem feasible at $99.

    So how do you show clients the difference so they won't consider leaving to go with a "cheaper" service - that you pay for quality kind of thing. Do you just let those clients go, bite down, and move on to the next client? What is the best move to do with that sort of thing? I know each client will be a little different. Just didn't know if anyone else has had similar experiences with people undercutting in this particular niche.

    Thanks in advance.

    submitted by /u/Mastemine
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    When to start looking into getting a patent?

    Posted: 28 Feb 2019 01:39 PM PST

    So I'm about 95% done with my prototype build. I have the website ready (just need to take and upload pics), and what I believe is a solid marketing strategy in place.

    When should I look into a patent?

    I'm going to do a soft (web only) launch in about 2-3wks and plan on doing a live presentation/booth at a convention in three months.

    Thanks in advance.

    submitted by /u/Tossitthrowit1011
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    Selling Client List?

    Posted: 28 Feb 2019 01:06 PM PST

    I own a service business in a very niche industry (so niche that I'm being vague in order to avoid doxxing) and I'm looking to move on from it. It's been nearly three years since we've first opened and basically I'm still just covering overhead; I have paid myself very little.

    The only real value I have is in the equipment ($100,000) and my client list (n:500, non-contractual).

    My plan is to sell my equipment and client list to someone with an existing business that could just add my service to their current operation. The business I'd be looking to sell to would already have virtually all the same overhead I currently have, so in my mind, they would just be adding at least 80% of my gross revenue ($120,000) to their bottom line.

    Am I way off base here? Is there a way to pull value out of my client list?

    submitted by /u/Awayhethrows1961
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    Building/Hosting A Site. SquareSpace?

    Posted: 28 Feb 2019 07:47 AM PST

    I have bought a domain name on namecheap and am looking to build a website for my online personal training. Is square space a viable option for my plan? Are website building/hosting sites like square space ever a good option? I have no experience building sites and fear using word press would be an issue form me.

    **I see that dreamhost has a custom website builder anyone have experience with them?

    submitted by /u/mikael122
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    How did you figure out what you want to sell/what your business should be?

    Posted: 28 Feb 2019 07:33 AM PST

    How did you find your passion/purpose?

    submitted by /u/byeboah
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    How Do I Build A Report On My Competition

    Posted: 28 Feb 2019 11:10 AM PST

    not sure whats the right questions to be asking besides revenue, are there any templates on doing this ? i have a nichey beverage food business but will be casting a net on any company with similarities

    i'll be competing with a company that was on shark tank, i'd like to get the most accurate numbers or close so i can decipher how big the market is but since it's niche most Marketing website don't have the data, any free or low cost solutions to my problem ?

    submitted by /u/badbaddoc
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    My 1st simplified startup note ����️ on Eric Ries's talk on "Lean startup" at LSE is here ..

    Posted: 28 Feb 2019 11:09 AM PST

    Almost a week ago , I created a form where people could sign up for my notes on podcasts and books related to entrepreneurship & entrepreneurs , which I called as "simplified startup notes" , because my main idea behind it was to simplify and decrease down the size of 1-hour long podcasts or 200 page book to an article which can be read in between 10-30 minutes.

    Today I published , my first simplified startup note based on Eric Ries's talk on lean startups at London school of Economics , which you can read on either Medium or Google Docs . I have tried to decrease the 70 minute talk into almost 7 minutes.

    If you like the note then you could sign up to get the next note delivered at email , then you can sign up using Google Forms https://goo.gl/forms/jSBjeJ0d4GLwKgqv2 . To be honest , only 8 people have signed up for it till now , but I am still happy about it.

    submitted by /u/aashishium
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    $32 billion dollars and climbing

    Posted: 28 Feb 2019 11:01 AM PST

    The self storage industry drove $32b in revenue in 2016. That's 3 times Hollywood's take. (We hear about Hollywood's decline but that's in ticket sales not revenue, which has increased for 25 years).

    It's known to be fairly recession proof, in fact when people downsize, they need storage more.

    It's always funny to me to see how strong some the least glamorous industries are (as a speaker I talk to a lot of them, often things people have never heard of, or things I haven't thought a lot about).

    submitted by /u/briancarter
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