- Note For Service Providers Worrying About Charging "Too High" A Price Or Considering "Starting Small And Working Up". Remember that it's easier to negotiate DOWN than UP. In other words charge WAY more than you think you should. Here's Why.
- With 244 million active accounts in 2018, PayPal is one of the most popular payment processing tools out there. PayPal has lots of limitations that slow down the process of running the business and high fees. Here's a list of PayPal Alternatives for Startups
- How do people decide what to pursue? I have lots of blind ambition but can’t decide what to do with it
- Ideas for a small, 1 man, service based business with $500-$1000 to start.
- Update on that Pizza Store thread. Holding off on it because the price is too high and the numbers look fishy. I'm trusting my instincts on this one and backing off (at this price). Also, I've found another project that will likely take up all of my money.
- What's the story behind your first ever sale?
- Anyone manage a distributed team and willing to chat?
- I'm looking for wholesale renewable or compostable packaging manufacturer for a niche market.
- Your first business - have it failed? And how to get best people to join?
- I need advice, but I'm scared of sharing my ideas
- New to selling clothes online, I appreciate getting any advice or information
- Some businesses inherently need capital upfront; how does one get funding when there is little to show for?
- REAL ways to make money online
- E-Commerce Store Owners do you get more sales through credit card or paypal?
- A Question About Trademarks and Lastnames
- How do you find YouTube/Instagram accounts willing to sponsor your product?
- It's very difficult to find a good technical co-founder [cto][co-founder][solution]
- Books on failure
- Will VAs work on adult businesses?
- Do you about care equity/stock options if you were to join an early-stage startup?
- If each department in a business requires 2 years min. of university how does a business owner know enough to guide the company?
- Wanting to dive into contractor work for Data Gathering/Management/Analysis. Currently browsing Upwork, but any other suggestions?
- Selling Fruits and vegetables UK
Posted: 28 Apr 2019 04:17 AM PDT In service-based industries, such as consulting or graphic design or copywriting and so on, it's always a mental tug-of-war about what price you should charge. The general idea is that you should start small if you're new, or if you don't have a lot of clients yet, and then work your way up. But often what ends up happening is people start charging one price then they get scared to increase the prices on their existing clients. Or, they start looking for new clients and they charge higher prices (trying to up their price gradually), and now they have two sets of clients. They got the old ones who are used to one price and the new ones who are used to another. That's because it's HARD to negotiate UP. There are all sorts of psychological issues that go with getting someone used to a smaller cost and then increasing your cost demands over time. On the one hand, your client will try to understand (you're a business after all), but it can also build a sense of resentment. There's also the psychological effect on the service provider (you) as well. Because it's like going up to a boss and asking for a raise. It's pretty stressful. Many people just avoid it and go, "Oh well, that's the price we've been doing, so let's just keep doing it." Again, that's because it's HARD to negotiate UP. This is why you should always start at a much higher price than you are comfortable with. Almost everyone I tell this to thinks it's going to backfire, but you need to understand the psychological aspects of it. let's say I am very uncomfortable charging $5,000 for a service. In fact, I'd be completely willing to do the job for $2,500. Why, then, would I charge the price I am uncomfortable with rather than the one I am super comfortable with, that's lower and more favorable to the client? Let's look at three possible scenarios.
So let's look at the "second" case scenario and why this is good for you. You Have All The Power Now! When your potential client expresses that this is "too much" then you get to then say, "Well, you know what, I'm willing to compromise on this because I really want to work with you. Since I know this is our first time working together, I'm willing to negotiate so we can find a price we're both comfortable with and maybe we can revisit later after we've worked together a bit. " This does something very, very powerful. It makes the client think they're getting a "good deal" and it also makes them feel like they are in CONTROL of the situation. You wanted $5,000 now you're saying you're willing to negotiate. Now the client is breathing a sigh of relief, and they also feel as if they have more control over this situation. Like they are "negotiating you down." They may even go off and tell their friends they got a "great deal" and they "negotiated this guy down from $5,000!" And here's something else that's going to happen... They will feel an innate pressure not to go too low because that will make them look like a cheapskate. They have no idea you'll take $2,500 and that this is a GREAT price for you. So maybe they'll say, "Well how about $3,500? I know that's pretty far from your price, but I'm willing to re-think the price later if we do good work together." And you say, "Well, you're right, it is pretty far away from my starting price.... but you know what, let's do it." Boom -- now your client feels like they got $1,500 off your price and "negotiated you down", they felt in full control of the situation, you also built good will and earned their trust by "compromising" not only that, because you were so generous to lower your price, chances are your client will VOLUNTARILY increase the price later because they'll feel a certain amount of guilt for getting you to do such a great job so far below your initial asking price. That's why it's easier to negotiate DOWN than to negotiate UP. Just a quick post I wanted to make, Hope it helps some folks. [link] [comments] |
Posted: 28 Apr 2019 10:33 AM PDT PayPal is a well-known solution for companies looking to accept payments worldwide, manage their finances, and send invoices. With 244 million active accounts in 2018, PayPal is one of the most popular payment processing tools out there. More and more companies are looking for PayPal alternatives these days since this company has lots of limitations that slow down the process of running the business. When it comes to choosing the proper payment solution, you need to pay attention to the fees, data security, and customer service. For those of you who are looking for Paypal replacements or want to know other flexible solutions, in this list, we have put together 32 great Paypal alternatives that work for startups. PayoneerPayoneer is the first option that crosses my mind when it comes to Paypal alternatives. Payoneer allows you to send money using a debit card, credit card, and ACH payments. It is fast, – the payments can be completed in just 2 hours. Pricing: Processing fee starts at 3% SkrillSkrill has a clean, user-friendly interface. It offers you a prepaid debit card. The fees may be the same as Paypal, but it makes international payments easier since the payments can be sent to the debit card at once. After that, you can use your debit card to withdraw money using an ATM. Pricing: Receiving money into your Skrill account is free. Send payment for only 1.45% fee. Withdraw funds with 7.50 % fee. TransferWiseTransferwise is a much faster and cheaper solution for international transfers. You can send and receive money on their service without borders. It merely works: clients pay in their currency, and you get the payment right on your bank account within a few hours in the currency of your country. You need to share your phone number and last four digits of your credit card to receive money. Pricing: You need to pay a difference in exchange rates and small Transferwise fee. SelzSelz is a tool that will help you to create your online store or sell goods on social media. It is not a payment system, but an online store builder with 'drag and drop' feature and more. Besides that, you can integrate your payment gateway with Selz without other external services. They offer automatic Tax Invoices for your customers. Pricing: 2% transaction fee; 2.9% + 30¢ processing fee¹ Google PayUsing Google Pay, your clients can make purchases using your website and app. You can enable shopping across devices to reduce missed conversions and forgotten passwords. This is one of the best options for store owners. It takes a second to get or receive a payment. Pricing: Google Pay has no fees for using debit cards or making bank transfers, though you have to pay a 2.9% fee for credit cards. 2checkout2checkout is another perfect Paypal alternative tool. It's all about accepting payments globally. The commission in the USA is almost the same as Paypal, but when it comes to receiving payment from other countries, they offer better rates. It allows you to sell any product abroad. Pricing: 2SUBSCRIBE pricing plan requires 4.5% + $0.45 per successful sale. 2SELL requires 3.5% + $0.35 per successful sale. StripeStripe is a global startup company with a 19% market share. Companies of any type and size use the service to accept payments and manage their business needs. Developers love this service for Stripe's API that allows quickly add a payment method to a website. Pricing: 2.9% + 30¢ per successful card charge WepayWepay features not only excellent customer support but also a virtual terminal that allows you to make purchases online without leaving the website. The company was established in 2008. Pricing: 2.9 percent + $0.30 per credit card payment; 1 percent + $0.30 per bank transfer. QuickbooksQuickbooks or Intuit is a popular useful tool for small business owners who need help with their finances. It gives you an ability to accept payments both in-person and online. Besides, it can help you to pay taxes, manage salaries, and file payroll tax forms. Pricing: 2.4 percent + $0.25 per swiped, tapped or dipped transaction; 3.4 percent + $0.25 per keyed transaction ProPayProPay was built in 1997. It provides similar features as PayPal, along with the ability to send and receive payments worldwide. For those who are doing transactions in person, you can use ProPay JAK. It is a mobile phone credit card reader that process cards in real time. Pricing: Pricing depends on the type of transaction and card you have. Shopify PaymentsFor those of you who sell products and services with Shopify, you need to get a closer look at their in-built service called Shopify Payments. It gives you low processing fees, allows you to accept payments using different cards (Visa, Discover, Mastercard, and American Express), and have all your data at one place. Pricing: Online credit card rates 2.9% + 30¢. In-person credit card rates 2.7% + 0¢. Amazon PayAmazon Pay if the first tool for letting people checkout at your online store. It features an account with user login where all information is stored. It makes the process faster and smoother than with regular shopping cart. Pricing: The fees start with 2.9 percent+ 30¢ per transaction DwollaDwolla is another tool similar to Paypal. Just like Paypal, it allows you to send and receive payments from individuals and companies. Their main specialization is ACH bank transfers, so that bank transfers are super secure. But the main disadvantage is that you can't create an account with Dwolla outside of the US. Pricing: The transaction fee is only $0.25. BraintreeThis tool will come in handy for e-commerce store owners because it offers web and mobile payments. You can store credit cards with Braintree just like Google Pay. Paypal runs this company, but it still provides more advanced list of features and better customer support. Pricing: 2.9% + $.30 per transaction. SquareThis tool will help you to manage payrolls. With Square, your employees can clock in and out of work and set up direct deposits. Besides, Square grants small business loans that you can pay back with a percentage of daily sales. Pricing: 2.9 percent fee + $0.30 per transaction PayzaWith Payza you can accept payments using a credit card and bank account. Moreover, the tool also works with cryptocurrency. Pricing: 1.99 percent + $0.25 per transaction VenmoVenmo is famous for its feature to send cash to friends. When you create an account on Venmo, it offers you to make a list of friends. After that, it is way easier to send money to people from this list. The business can use it for the checkout process. Pricing: It's free to send or receive money from a linked bank account. Electronic withdrawal (standard or Instant) from $0 or 1%* (min. $0.25). $2.50 for out-of-network ATM withdraw. PaylinePayline offers you straightforward, transparent, and flexible payment processing experience. It is a useful service for store owners – you can use it whether you're in-store, mobile, or online. Pricing: Swiping in person: 0.2% ($0.10 per transaction | $10 per month) click2sellClick2sell is a reliable Paypal alternative that offers almost all the same features. It accepts Paypal, Skrill, and credit card payments. The main difference is that they have potent reports and affiliate tracking. Pricing: Depending on your plan, $1.50 + 7 percent per direct sale or $1 per transaction up to $19.99 KlarnaKlarna is a service that offers its customers 'pay later' feature. It means you can purchase goods online and pay with Klarna. Then, you have from 14 up to 30 days after delivery to pay them back interest-free. Pricing: Free for up to one month MerchantMerchant claim to be a hassle-free payment processing company that gives you more control over your funds than Paypal. They allow a grace period that can help you to resolve disputes rather than freeze your account, just like Paypal usually does. Pricing: Processing fees start at 1.99 percent + $0.25 per transaction WirecardAnother perfect payment solution for global companies. Wirecard works with over 100 transaction currencies and 200 payment networks that gives you almost complete freedom. With this tool, you can do in-store payments, mobile payments, value-added services, and much more. Pricing: The pricing is available upon request BlueSnapBlueSnap allows you to add payment methods to your websites, stores, and apps. Your customers can make purchases with credit cards, bank accounts, or similar online payment systems. Pricing: 3.90% + $0.30 or you can develop a personal pricing plan. WorldpayWhether you use terminal, online, or point-of-sale with Worldpay, it does not matter. They provide EMV chip card payments and also alternative payment options in the situations when your customer has no card. Pricing: Pricing is available upon request FastSpringFastSpring is an e-commerce platform for software and Saas companies. With this service, you can easily enable payments online or in an app. You can make popup checkout for clients, personalized shopping experience and more. Pricing: Pricing is available upon request ViewpostViewpost is a full-featured payment and billing solution that will be suitable for both single freelancer and huge enterprise company. You can view payment history in your account and keep track of all transactions. Pricing: $14.99/month plus transaction fees AuthorizeAuthorize has over 43,000 merchants and handles more than one billion transactions per year. This is a big company that accepts credit card and electronic payments in person, or over the phone. Pricing: No setup fee, free monthly gateway, 2.9% + 0.30 cents per transaction PopmoneySend, receive or request money online with Popmoney. The process is transparent and straightforward: cash moves from one bank account to another without any middle accounts. Pricing: Flat $0.95 per transaction to use it here at Popmoney.com ChargeWithout setup or cancellation fees, Charge is a good credit card processing platform. It enables you to accept payments online and in stores. Pricing: Merchant Account Application Fee and Web Shopping Cart are free. PaylaneIf you have SaaS or e-commerce businesses, you need to take a closer look at Paylane. This tool allows you to accept payments in various currencies and formats. Smashing Magazine and The Next Web use it. Pricing: 2.8% + 0.25 EUR and 0 for Paypal CoinbaseCoinbase is a cryptocurrency trading platform that allows the business to get Bitcoin transfers. If your client is familiar with cryptocurrency, they can easily send your payment to your Bitcoin wallet. Then, you can merely convert this amount into your local currency, or transfer to another payment service. But remember about exchange rates. Pricing: Pricing varies depending on the cryptocurrency Apple PayAll iPhone users can get the advantage of using Apple Pay to transfer money. Previously, I used it only to pay products in stores without a card. When a person sends you cash, it stores automatically in your Apple Wallet. You can spend it using Apply Pay or transfer on your bank account within 1-3 business days. Pricing: It charges the banks as a rebate for every transaction. No fee for merchants. [link] [comments] |
Posted: 27 Apr 2019 02:56 PM PDT Title pretty much says it all. I work an engineering job but feel frustrated and under utilized, and want to at least take a real shot at running my own business. However I am having a hard time convincing myself to quit or pursue something on the side when the typical prospects are "power washing" or something similar where I don't feel confident about the scalability ie I don't think it would be worth all that effort. I am in consulting, so another option is working another year or two and then starting my own firm, but I don't wanna have to wait to get started. Any advice on how to pick a path? How do you convince yourself that something is worth pursuing? [link] [comments] |
Ideas for a small, 1 man, service based business with $500-$1000 to start. Posted: 28 Apr 2019 02:00 PM PDT I have a small reliable pickup I could use to drive to customers houses the only idea I've had so far is pressure washing houses. I was going to go with a quality electric washer, which is not optimal but will get the job done while staying in my budget. Preferably nothing extremely physically taxing. This will be side money to go with my full time job, if I could make $200 extra a month I would be happy. [link] [comments] |
Posted: 28 Apr 2019 01:09 PM PDT I'm the OP who wrote that pizza store thread. Apparently it caused some hooplah in this subreddit because of how critical everyone was. Just want you all to know that I don't care how critical someone is. I think criticism, sometimes even heavy and generally unfounded criticism, is important for successful entrepreneurship. I hate being surrounded by yes-men. I want people to question everything I do, and the comments in my thread were not, I think, outlandish. I did not agree with everyone in that thread, but that does not mean I didn't welcome everyone's opinions. I do apologize for deleting the thread as well. Never thought it would become that popular on here. That kind of stuff doesn't need to stay on my main account for everyone to see. Next time I'll use an alt account so I don't delete valuable discussion. Anyway, something seemed off about that pizza store, so I'm not going to buy it at the current price point. The amount spend on employee wages seems a bit low for where the store is located. I believe there is some under-the-table stuff going on that is being used to manipulate taxes and show the store is more profitable EBITDA than it actually is. Perhaps fake revenue as well. I also believe the landlord is a family member or business partner of the pizza shop owners, and that they're selling off a bad project. I've seen it happen before and the numbers I'm seeing are making me highly suspicious of it as well. A few people in this subreddit mentioned that the large number of bad Yelp and Google reviews (200+ each) would be very hard to climb back up from, which is not something I thought would be hard to do, but is something I've now considered as a real issue. Thank you for that insight. Another reason I'm backing off is because my mom's sister and I might be going in together on another project that will likely take up all of my money. Still working on getting an experienced inspector out to it before I take the bait. [link] [comments] |
What's the story behind your first ever sale? Posted: 28 Apr 2019 09:33 AM PDT Aunt Susan taking pity on you? Right place, right time? Strategic networking? I'd kick things off with a story of my own, but I just started my business and am still awaiting the first sale. (Although I have tried a couple of super small businesses in the past and had some sales through those.) [link] [comments] |
Anyone manage a distributed team and willing to chat? Posted: 28 Apr 2019 02:00 PM PDT Hi All, Does anyone run a company that employs a distributed team? I'm working on a project right now and trying to understand some of the process people use to hire, train, etc a remote team. If anyone in this type of situation is willing to chat for ~15-30 mins please comment below and I will DM you. More than happy to reciprocate the favor too if you need anything from me. Thanks so much [link] [comments] |
I'm looking for wholesale renewable or compostable packaging manufacturer for a niche market. Posted: 28 Apr 2019 06:06 AM PDT Does anyone have a recommendation? Essentially I would like to sell compostable packaging to a specific industry similar to the restaurant industry. I'm having trouble finding manufacturers who can meet the specifics of the industry and I just need recommendations from entrepreneurs who have manufacturers they trust. [link] [comments] |
Your first business - have it failed? And how to get best people to join? Posted: 28 Apr 2019 06:13 AM PDT Hello, im wondering what are the chances of getting it right for the first time? The more I think about starting my own something, the more it seems to me that I will be building 'the castle in the sky' kind of business, and all such thing get smashed. Also having have some practical experiences, my biggest concern are employes. At all jobs I have been into, there were unreliable people which cannot be trusted to run anything. Where can I find best people? I wouldnt want to employ stupider person than I am :-) [link] [comments] |
I need advice, but I'm scared of sharing my ideas Posted: 28 Apr 2019 10:05 AM PDT Hi everyone, I am the owner of an active and fast growing Instagram account and I want to start a business from it to raise capital for my dream business. It would not be my first ecommerce business (I did dropshipping at a point, but that business failed) but I need lots of advice about how to proceed so that this new business can succeed. For example: . What business idea should I prioritize? . What should I name my business? . What should my first product be? The problem is, I am nervous to share my ideas with other people both online and in person. Online because I don't want anyone to steal my ideas and in person because I want it to be a big surprise. What should I do then? . Should I just get over it and share? . Am I better off keeping my ideas a secret and figuring these things out on my own? . Did anyone have the same fear and overcome it? . DOES ANYONE WANT TO BE MY MENTOR (for free 😅) ? Thanks in advance!! [link] [comments] |
New to selling clothes online, I appreciate getting any advice or information Posted: 28 Apr 2019 12:40 PM PDT We launched our online store few days ago. We though that a big part of the work required was done (Creating website, creating designs and products....). Now we know for sure that even if we create the most creative, beautiful products, it doesn't mean shit without people knowing that we exist online. To all new and experienced entrepreneurs out there, what advice can you give us? [link] [comments] |
Posted: 28 Apr 2019 12:34 PM PDT I think one of the reasons we see so many internet companies vs hard tech is because VC's can expect that something is built before you invest. But what you have a business model and concept? We all know execution is where the value is, but a good idea with potential could be successful if executed well. [link] [comments] |
REAL ways to make money online Posted: 28 Apr 2019 12:20 PM PDT So does anyone have any suggestions on REAL ways to make money online? I'm not just saying something like "Get paid to answer emails" or some random app or website that pays 2$ an hour. I'm talking about Real ways to make money online. Ways such as dropshipping. So does anyone know of any other ways to make money online? If so please tell me as I would like to know. Thanks. [link] [comments] |
E-Commerce Store Owners do you get more sales through credit card or paypal? Posted: 28 Apr 2019 11:48 AM PDT I see visacard , mastercard, american express and discovery cards amongst google play amazon pay bitcoin etc. But which are MOST Common by customers to use when purchasing? If you had to bring percentages into it would it be like 90% CCand 10% PP? [link] [comments] |
A Question About Trademarks and Lastnames Posted: 28 Apr 2019 11:10 AM PDT So my last name is Zamboni and I would like to start a business/side hustle with my last name in the title. Due to Zamboni already being an established product and company would I run into problems? I have no affiliation with anything having to do with the Zamboni Ice Cleaner Company, I just happen to have the same last name. Would I run into issues with names? Legally? [link] [comments] |
How do you find YouTube/Instagram accounts willing to sponsor your product? Posted: 28 Apr 2019 11:05 AM PDT I created a product that's perfect for older people, or as a good gift (without being too specific) and have been trying to find good YouTube channels or Instagram accounts which would sponsor our product to their audience. Does anybody know how to negotiate with these accounts or how to even find them? I'm finding it difficult and didn't know if there was a source out there for this. [link] [comments] |
It's very difficult to find a good technical co-founder [cto][co-founder][solution] Posted: 28 Apr 2019 10:54 AM PDT Hey guys, it's very difficult nowadays to find a good tech co-founder or someone who can build your MVP and help you move into the right direction. After dealing with a lot of "good" freelancers, mostly overseas, I decided to go a little bit deeper into my research, finding the right one or a good alternative. So I was able to find a company which offered a good solution for my struggles. They built my MVP for a reasonable fee. Before even I agreed to work with them, they gave me enough guidance in front of how exactly the technical part needs to work. I was able to understand most of it and what should be done, to have a normal working product. Now they're helping me find the right tech co-founder. I meet with a couple of potential candidates, but I felt like they are not the right people. Honestly, I still keep working with the same company and they do a great job for me so far. My questions, do you think I need a tech co-founder or I just need to stay with that company? [link] [comments] |
Posted: 28 Apr 2019 07:04 AM PDT Hi all, Are there any books that deal specifically with failure and how people overcame/dealt with/improved/learned from failure. Theres so many books on success, I was just wondering if there were any books on the subject of failure. I know there are a lot of anecdotal references to failure as well as touches on failure or maybe even chapters dedicated to failure, but are there any entire books dedicated to the subject. [link] [comments] |
Will VAs work on adult businesses? Posted: 27 Apr 2019 06:49 PM PDT (marked as NSFW just in case) Hi all. I run a small adult(ish) business, about 50% on patreon, on the side of my main career and am looking to outsource some answering of emails, posting on IG etc. Fairly low level stuff. Am I likely to find a VA who is a. allowed to do this by whatever company they are working for / contracting through? b. willing to do this, given the very different cultures that VAs may come from? I'd appreciate advice. [link] [comments] |
Do you about care equity/stock options if you were to join an early-stage startup? Posted: 28 Apr 2019 10:29 AM PDT I started a newsletter that focuses very specifically on roles at early-stage companies that offer equity. Recently though, I've seen a bit of a backlash on Twitter against vested equity options at startups (e.g. most people don't make any money from this, the tax obligations (especially in the US) before the equity becomes liquid, and needing to exercise the option by buying the equity). My view is that while there are things that could be improved about how things currently work that 1) early employees should have exposure to the upside of the company, and 2) remote early-stage employees should also be compensated with equity just like on-site staff. Any thoughts on this? Is equity (in addition to salary) an incentive to take a position at an early-stage company? [link] [comments] |
Posted: 28 Apr 2019 10:19 AM PDT |
Posted: 28 Apr 2019 09:56 AM PDT Initially I'm more focused on building a portfolio then making $$, so I guess I'm more open to a less formalized process as long as i can showcase my work at the end. Also, I'd really love to get a mentor in this space, so if anyone is reading and wouldn't mind answering some specific questions, please don't hesitate to message me. If it's relevant to to the question, I work in the financial industry and manage member feedback and complaints, so everything from survey building to KPI analysis to dashboard building. Wholistic "Voice of the customer" essentially. Thanks for the time! [link] [comments] |
Selling Fruits and vegetables UK Posted: 28 Apr 2019 09:43 AM PDT Hello guys, I am writing this post to have some feedbacks about an idea that I am trying to develop with my father. So Long story short, With my father we have a family business buying fruits from local farmers and selling to italian wholesalers, in the past the company was going very well but now the italian market seems to be overflowing, and the company is not making profit anymore. Since now I am living in the Uk I would like to start importing Italian fruits and vegetables here in London. I think is worth it mention that the added value that our company has is the very high quality products that are currently not present in the british food market. Given that we already have all the necessary documents to export fruits and vegetables, how will you find and approch some possibile new british customers? is better an email or directly phone them? Overall what do you think about this idea? any advices? Thank you for spending your time reading this post Emanuele [link] [comments] |
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