Wantrepreneur Wednesday! - (March 27, 2019) Entrepreneur |
- Wantrepreneur Wednesday! - (March 27, 2019)
- "The Lean Startup" By Eric Ries | Animated Summary. Hope you find it useful.
- Are people still actually trying the Alibaba to Amazon Fulfillment model... if so, how's that working out for you so far? (The Truth)
- Can anyone relate ?
- Fast Tracking Your Engine for Growth with Bell Curve
- Service Industry People - Opinions on HomeAdvisor?
- When to know when to really quit.
- Lets talk about... Print on Demand... Pocket Money or Great Opportunity?
- What's the Best Book You've Read?
- Networking Online
- I desperately need help increasing sales (digital agency)
- Rebooting my life.
- Local repair service question.
- The most helpful blog post you've read on entrepreneurship
- "What a dung beetles testicles can teach you about building an online business" [Copy I enjoyed writing - took out promo parts]
- How do service based apps get their first users?
- why MOOC platforms didn’t catch on?
- With so many wholesalers requiring me to make accounts with them and prove that I am a legit business/store through a license or photo, how am I supposed to get any other suppliers for my Spotify drop shipping store other than the ones that have Shopify apps?
- The 10 best crowdfunding sites for startups
- Focus on Things That are Important but not Urgent
- For donation per product, is there a benefit to saying a $ amount vs a % amount?
- The most inspirational message I have heard in a very long time.
- How To Order on Alibaba?
- Need advice
- Supplier sold me broken/dodgy products through Alibaba - is refusing to refund me
| Wantrepreneur Wednesday! - (March 27, 2019) Posted: 27 Mar 2019 06:13 AM PDT Please use this thread to ask questions if you're new or even if you haven't started a business yet. Remember to search the sub first - the answers you need may be right at your fingertips. 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]  |
| "The Lean Startup" By Eric Ries | Animated Summary. Hope you find it useful. Posted: 27 Mar 2019 02:28 AM PDT Link to video: https://www.youtube.com/watch?v=j6QPZp--lJE I've done summaries of other books like:
If you're interested and want to subscribe here's a link:https://www.youtube.com/channel/UCfbLDMh6uGOZePAfqqjVZ-g?sub_confirmation=1 If you'd prefer to read the script instead of watching the video, here it is: The Lean Startup By Erick Reis The Book's Main Idea The book's main goal is to help readers avoid the number one mistake that makes start-ups fail i.e. launching a product or a service without the entrepreneur knowing who the product's customer is and what those customers really want. To quote the author: "Success is not delivering a feature; success is learning how to solve the customer's problem" Erick Reis You can get this book for free with a trial of audible using the link in the description of this video. Subscribe and turn on the notification bell so you don't miss any future summaries. The Lean Start-up focuses on teaching readers how to better their start-up businesses by exposing them to a new way of thinking that is able to mitigate their risk going forward which automatically increases their likelihood of finding a product that sticks. The book does that through introducing the readers to a systematic and scientific method that enables them to get all the information they need to make fast and decisive decisions when starting a business. "The ability to learn faster from customers is the essential competitive advantage that start-ups must possess"' Erick Reis A Look at the Main Topics Discussed In the Book Here is a taste of what to expect from the three phrases of the book.
In the book, Reis, through his experience, explains why start-ups fail. He tries to make readers understand that the battle for a successful start-up is first lost in the vision where entrepreneurs follow a conventional approach of starting a business; which dictates that immediately they get an idea and it has been approved by either their friends or family, the idea becomes legit and ready to be launched in the market. According to the Lean Start-up, the conventional approach is wrong because it makes entrepreneurs launch start-ups based on untested assumptions, which increase the possibility of them creating a perfect product that nobody wants. Reis says that the first goal of a start-up is to figure out the right thing to build, the thing that customers will want and will be willing to pay for as quickly as possible. Under the topic of vision, Reis teaches the readers how to kick start a start-up the right way. He uses a super formula, which makes the reader better at starting a successful business. Here is a glimpse of the formula.
This phase the book focuses on teaching the reader how to steer his/her start-up business through using the Build-Measure-Learn feedback loop formula. In the book, Reis says the lean start-up methodology is based on a cycle of rinse and repeat; the build-measure-learn. What the reader is taught from the steer phase is how:
In the book, Reis uses the vision and steer phases to set a foundation for the reader's last move to take to have a successful start-up, which is acceleration. In acceleration, Reis teaches the reader how he can move past the feedback loop faster and go on to set the innovation and growth ball rolling. Under accelerate Reis focuses on teaching the reader the following topics.
Conclusion The big take away from the book, 'The Lean Start-up' is; entrepreneurship is management so for the reader to succeed in it, they need to manage their start-up business as the institution it is and avoid jumping head first into ideas. [link] [comments]  |
| Posted: 27 Mar 2019 04:09 AM PDT |
| Posted: 27 Mar 2019 01:20 PM PDT I´m 23 years old, soon to get out of college and recently started an app that's doing great by the moment, however, i wanted to ask. As an entrepeneur, do you think even for a single moment in your day, what the fuck am i doing ? lol I mean, i think about that almost every day, it's like: yo, i'm running a succesfull startup but i don't have a clue about what i'm doing. I mean it in a funny way because obviously i have objectives and blabla but there's a lot of times that i'm like i don't know what i'm doing. I´m pretty sure some of you guys can relate to this, it's kind of like that meme of the dog, lol. Besides being an entrepeneur thing, i'm pretty sure each one os uf as humans doesn´t have a single clue about what they´re doing and just trying to do their best on a daily basis. Just wanted to know if someone else in this area feels or felt like that in their beginnings ! Sorry for my english, haven´t spoken it in a while ! [link] [comments]  |
| Fast Tracking Your Engine for Growth with Bell Curve Posted: 27 Mar 2019 12:07 PM PDT Hi fellow Entrepreneurs! My team just went through Bell Curve's growth training program and I wrote an article describing our experience (and the results we achieved). We thought it might be a useful resource for any founder or startup with questions about growth, especially if you are already considering the program. Hope this helps! Happy to answer any questions. Here's the article: https://astra.finance/blog/fast-tracking-your-engine-for-growth/ [link] [comments]  |
| Service Industry People - Opinions on HomeAdvisor? Posted: 27 Mar 2019 12:06 PM PDT I haven't actually used the service so far, but I just got off the phone with a HA sales rep that left a very bad taste in my mouth. I'm pretty sure I'm not interested in their service, but I wanted to find out what other people think before letting myself form an emotion-based opinion. Just for some quick background info, we are a small cleaning company owned by 3 partners. We do windows, carpets, and pressure washing. We have only been formally in business since January, although I have done window cleaning unofficially for a little over a year. We (the owners) are not dependent on the business for our personal income since we all have "regular" jobs. My reasons for being reluctant to use HA are basically these: 1) Aggressive and misleading sales tactics When HA initiated contact with us, they made it sound like they were a customer needing a quote for a job. The wording they used was misleading and seemed to be a tactic for re-framing what they are really doing (selling a service to contractors) as a direct sales lead. They are also very pushy in general on the phone. When we were first contacted by HA, I told the rep that we really didn't have the extra advertising dollars to spend on them right now ($288/yr base fee plus leads which are $20 - $50 each, with an estimated 25% closure rate), he asked if they could follow up and when. I told him he could try back in a couple months and he responded that "there might not be any carpet cleaning jobs in my area by then". He even tried to guilt me further by saying he had a deadline to meet his sales quota (which interestingly fell on Saturday on like the 19th of the month or some random day, although I decided not to go down that rabbit hole with him). The rep I spoke to earlier today pushed even harder. She kept pressing and asking why I wasn't interested, and only then did bring up my issues with their sales tactics. I was polite and professional throughout the call, and the rep ended our conversation by saying "good luck staying in business" and then promptly hanging up. This struck me as incredibly immature and unprofessional behavior. I have serious reservations about associating our name with a company who is willing to speak to people with such disrespect. 2) Cost As mentioned, HA costs a minimum of $288/yr before one buys a single lead. Of course, even without purchasing leads, it's true that partnering with HA does raise a contractor's online profile and can help drive direct sales leads, but at least for us that still seems a little steep since we have other (in our minds more critical) expenses to consider such as equipment. We are fairly new on the scene and really only own window cleaning equipment so far; any carpet cleaning or pressure washing requires that we rent machinery at this point, so obviously we'd like to get our own as soon as we can. On top of this, I've been lead to understand through personal research that HA has significantly increased their lead prices over the last year and a half or so without noticeably increasing quality, which brings me to the next point. 3) Lead Quality I'm not the most qualified to make this assessment obviously since we have never used the service, but according to many contractors I've seen posting on various forums, the same HA lead is often sent to many different contractors, sometimes more than the 4 they claim to send each lead to. Furthermore, I've seen lots of complaints from people who said they paid for a lead, followed up promptly, and were told by the supposed customer that that person never requested a quote at all. These people report having little to no success getting HA to refund them when this kind of thing happens. If you factor in an average closure rate of about 25% (this is what the first rep said when asked about that), we're talking about spending somewhere around $150 for each jobs actually sold and completed from HA leads. Anyway... Having said all this, I have also seen a lot people who say they like the service and that HA was extremely helpful to them in getting their business off the ground. What are you experiences with HA? Are they worth it? Am I just a stingy and oversensitive grouch? Please share your thoughts on this if you have any. [link] [comments]  |
| When to know when to really quit. Posted: 27 Mar 2019 02:50 PM PDT I have tried youtube for a very long time. Now, I am paying someone to advertise and bring ORGANIC views. They're not fake, they're not botted. They are real and actually very small in quantity. It's not insane like 500K views, but about 200-300 a day. The thing is, as much as edit. As much as I pay for high quality thumbnails that are extremely catchy, make sure to have high quality vocal commentary, ect. Is it fair to say I am just not gonna make it? Before anyone says "This should not be a career". I understand that, but even as a hobby I become infuriated as to why I cannot manage to get this to take off. I use things like rapidtags that allow you to input your video title and it generates trending tags in that category. I try to find the trending games and apply my humor to them. Nothing works, just nothing. Is it time to quit? [link] [comments]  |
| Lets talk about... Print on Demand... Pocket Money or Great Opportunity? Posted: 27 Mar 2019 12:05 PM PDT I've been selling T Shirts (Yes of course...) for about a year now via Merch by Amazon and all the other big marketplaces. I earn a decent extra income - but nothing crazy. I'm pretty sure that's not a good business model. Pure uploading and hoping. Quantity. Throwing shit on the wall. No barrier to enter the market. Absolutely no control over your own brand, over your own products and you are absolutely dependent on the marketplaces. So I have been building my own shop with Shopify+Printful. online since last week. Of course it is much more complex and you have to take care of your own traffic... But this is clear to me and actually it motivates me a lot that you can do much more. You build something up (if it works). My niche is good and has a unique "twist", my shop is good and I also have first sales... So far so good. However... And that is my problem... Do I wonder if all this is really worth it? Doesn't every student and his dog sell T-shirts on the Internet? There are millions of T-shirts and brands... But I also think that it is a really great possibility... If I imagine that one would have wanted to start such a business 20 years ago... You need personnel, storage rooms, machines... And today you can sell almost without cost and effort on the WHOLE WORLD. What do you think of Print on Demand? And T Shirts in particular... After all, there are millions of people who wear and buy T-shirts... Is anyone currently really successful with PoD? [link] [comments]  |
| What's the Best Book You've Read? Posted: 26 Mar 2019 08:41 PM PDT Going on a roadtrip and figured I'd be productive and listen to an audiobook. What are some good books in the entrepreneur genre that you've read? [link] [comments]  |
| Posted: 27 Mar 2019 01:25 PM PDT How do you guys network? And if you do it online, how and where? Just curious. [link] [comments]  |
| I desperately need help increasing sales (digital agency) Posted: 27 Mar 2019 04:27 AM PDT Hey everyone! I'm the CTO of a digital agency in the Nordics. We have all the resources to be able to build websites and apps. We have had around 10 clients so far (after 15 months) each of them seem to have been more or less the results of luck, no real sales process is setup. At the moment we're able to pull in about 10k per month but we really would need to increase that to 30-40k per month to actually be able to pay all of us a salary and other expenses. Basically our main issues are with:
How can we get more leads and increase our sales? I just lost my part time job. And I got money to last me maybe the next 2-3 months but after that I'm basically down to relying on my girlfriend which I really don't want to... Edit: I just want to thank you all who read and sent me so supportive messages [link] [comments]  |
| Posted: 27 Mar 2019 05:11 AM PDT Hey everyone, i'm a 19 year old boy from Belgium. I'm busy with my last year of school, i'm learning woodworking. I like woodworking but I don't see myself working from 9 to 5 every day for how much I would earn. I grew up in the world of technology and social media. I think I would rather make this my job. I also see a better future with that. I can do Photoshop, create websites (i understand more then the basics)... I see a lot of stupid ads about course training for example SMMA or Affiliate Marketing or Dropshipping and I know it is possible but it is also alot of bullshit. I am open to invest all my time and desire in one of these things but I do not know what is best for me and my future. So that is why I would like to use your opinion and help. Thank you for your time and sorry if I make people angry with this. Regards, Victor [link] [comments]  |
| Local repair service question. Posted: 27 Mar 2019 11:16 AM PDT I'm thinking about going door to door in my neighborhood to offer computer repair, do I need a business license for this? [link] [comments]  |
| The most helpful blog post you've read on entrepreneurship Posted: 27 Mar 2019 02:45 PM PDT I saw a similar discussion on "Books" thought that's helpful, but I'm not too big on books in general, there might be some people who share this sentiment. So what blog post you've read that inspired you or changed the way you think about entrepreneurship? [link] [comments]  |
| Posted: 27 Mar 2019 02:38 PM PDT Working on a sales page for a client and figure I'd try a new "attention grabber" story. After finding an interesting study on the strongest beetle in the world I found an even more interesting story within that I used as the foundation for this introduction. My goal here is to engage the reader, teach them a moral, and segway into the product offer (not included in this post for rules reasons). First draft here, so probably a few grammar and flow issues - but over all, thought it turned out well and wanted to share! Back to editing! --- Start Copy --- What a dung beetles testicles can teach you about building an online business...A species of horned dung beetle was found to be the strongest insect on our planet, with strength equal to 1,141 times its own body weight. However, it's unimaginable strength left it with a unique problem, one that sheds a valuable lesson on how we as Entrepreneurs must view our advantages & disadvantages. Even with the equivalent strength of a human being able to lift SIX double-decker buses (80 tones), our horned friend often failed its main goal - to pass on its genes. You see, there are two types of males in this insects world… One, a big ole brute with horns they used to battle each other for love (we'll call him Chad), and weaker males with no horns who rely on a cunning strategy to seduce the ladies (we'll call him Winston). One-on-one Winston had no chance of defeating Chad and getting the ladies.He simply didn't have near the strength or toolset (battle horn) to take on Chad.According to the study, the horned brutes, "Chads", with their mega strength spent a lot of their time defending their females and tunnels against other horned rivals. Yet unbeknownst to them, our hornless pal, "Winston", spent his time digging sneaky side tunnels to connect with Chad's main love shack. You see, Chad kept and protected his lady friends in these love tunnels. Now, while Chad is off fighting with other Chads our underdog Winston was sneaking in to have liaisons with Chad's girl. You see, well-fed Winston's who would eat the dung that Chad's collected in their love shacks had "substantially larger testicles" than Chad. This greatly increased Winston's chances of making babies with Chad's females. — You know the old dung beetle saying, the bigger the horn the smaller the .. well, you get the idea.) the result? Winston's strategy often resulted in little baby Winstons running around in Chad's house, with Chad protecting them and being none the wiser. Sure, Chad would bare little Chad's from time to time, and both strategies work well to keep the species thriving. As the study points out, "Instead of growing super strength to fight for a female, they (Winston) grow lots more sperm to increase their chances of fertilizing her eggs and fathering the next generation." the point? If your not a Chad, don't try and beat Chad at his own game… embrace your inner Winston and embrace creative strategies to reach your goals.Leverage comes in many forms. It may come from a financial angle (having a lot of money to throw at a problem) a distribution angle (having access to a large audience to tap into) or simply having more time & experience. Everyone, including you, has these attributes in their life and business to a differing degree. Don't have much money to invest? You're going to have to rely on time and experience… don't have much time? Ideally, you'll be able to invest financially into leverage tools (e.g. employees, software, etc). The point is we all have at least some resources we can work with to reach our goals. However, even with all the leverage in the world - without an effective strategy they're about as useless as being a super strong dung beetle. -- End -- Now to go back and revise a bit for readability, and possibly a better intro hook; and of course grammar and the like. [link] [comments]  |
| How do service based apps get their first users? Posted: 27 Mar 2019 02:14 PM PDT For example dating apps, uber etc. It's pretty dependant on 2 different parties having the app and enough variety between each party that they don't open it and see the same 3 people each time. I'm assuming companies like this start locally and balloon out? [link] [comments]  |
| why MOOC platforms didn’t catch on? Posted: 27 Mar 2019 02:09 PM PDT An industry as lucrative and important as the education industry, how come these free online courses not sold like hot cakes? (I know many people still use them, but it feels like a small group of people in the context of education) [link] [comments]  |
| Posted: 27 Mar 2019 02:08 PM PDT I have no license for reselling and have read many times that because it's drop shipping and inventory is never held by me directly, I shouldn't need a license to start. Yet any options other than Ali-Express and Oberlo, which have Shopify apps, require in depth proof that you are a legit business. Thanks to anyone who is willing to take time out of their day to comment! I appreciate the advice/answers. [link] [comments]  |
| The 10 best crowdfunding sites for startups Posted: 27 Mar 2019 03:03 AM PDT Do you have a startup idea and are looking for investors? Do you want to support or promote an initiative and become part of your company? The answer is in crowdfunding platforms and here is the list of 10 most popular crowdfunding sites to fund your startup.
[link] [comments]  |
| Focus on Things That are Important but not Urgent Posted: 27 Mar 2019 01:34 PM PDT |
| For donation per product, is there a benefit to saying a $ amount vs a % amount? Posted: 27 Mar 2019 01:06 PM PDT We currently donate 10% of our profits towards a few non-profits and it ends up being around $1 give or take some cents. I am curious if 10% is more meaningful than $1, and especially because we are doing a FULL 100% profit giveaway on a specific day for one of our nonprofits. With that said, is 100% of profits more enticing than $10 per order? Thank you! [link] [comments]  |
| The most inspirational message I have heard in a very long time. Posted: 27 Mar 2019 11:19 AM PDT This message was spot on. This young man's words will lift you up. [link] [comments]  |
| Posted: 26 Mar 2019 09:42 PM PDT I'm attempting to place an order on Alibaba for 1,125 keychains ($1,125), but the whole process is confusing to me, this is my first time using the website. Could someone, please, help walk me through this? The first issue is, we have 45 files (Want 25 keychains of each) but you can only upload 5 attachments. I see you can add attachments in the message center, should I just do that or is it better to hit "Add Products" and will that let me add more attachments? I'm not sure what to do. Next is shipping, I have absolutely no idea what shipping method to use or what "Trade Terms" are, can someone please explain or what should I just choose so these arrive at my door? I hit Trade Term Overview but it makes little sense to me, I'm assuming I perhaps want one of the last two, DAP or DDP? How much would I pay into the shipping fee and logistics fee? For the payment of the order, do I want to 50%, 75%, 100%? Is the Value-Added-Services for $118 worth it? Lastly, anything else I should know? I'm currently chatting the person, but it's slow going and their English is so-so. Thanks to anyone who takes a moment to read this! [link] [comments]  |
| Posted: 27 Mar 2019 11:09 AM PDT Hey everyone I'm curious about what you all think about buying an established e commerce website. Is that frowned upon? [link] [comments]  |
| Supplier sold me broken/dodgy products through Alibaba - is refusing to refund me Posted: 26 Mar 2019 10:31 PM PDT Hey there! A few months ago me and my business partners did a fairly large order with a supplier from China, their account was legitimate and verified so we went with them. When the products arrived we had them stored for a few weeks and begun selling them. Customer feedback soon flagged a serious issue with us in that 30%+ of our product did not work at all and the only way to test the product was to use it (one use products) so if we wanted to test all of our products it would consume all of our products. We went back to the supplier requesting a refund = to 20% of the purchase price so we could break even. The supplier refused to refund us so I went to complain on Alibaba as we had bought via trade assurance however it says you have to dispute the issue within 15 days of receiving your products. Due to the storage and time it took to realise the issue and bring it up with the supplier it had been well over 15 days. So I'm just seeing if anyone knows how I can create a case or seek a refund, Alibaba is difficult to contact and I cannot find the dispute button despite following various tutorials. [link] [comments]  |
| You are subscribed to email updates from Entrepreneur. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment