NooB Monday! - (June 03, 2019) Entrepreneur |
- NooB Monday! - (June 03, 2019)
- One of the most honest (and hilarious) lessons I read recently in an E-Commerce ebook guide about creating a scalable profitable online store and how to make it go viral.
- I opened a butcher shop and am on track to have 350k in revenue in year 1.
- Looking for a Platform that offers paid contest entries
- Can We Settle This Once And For All : Business Partnerships are bad ideas or not?
- How to get started in SEO?
- Please drop your thoughts !
- Could you integrate a web application scanner into your workflow?
- Could you please suggest to me an Amazon Merch alternative ?
- Can we all stop using the I'm was to busy excuse?
- What digital business adds the most value?
- Anyone run a B&B or Airbnb?
- Pro’s and con’s for hiring friends?
- Walking Into The Dark
- Business & relationship
- Time vs money
- Do I really need new equipment?
- Web apps or normal ways to use your data to help your business?
- Review my website - honest constructive feedback, please?
- Suggestions on how to monetise (online) language learning community
- Made to measure clothing sellers! your keys to success?
- Hi there, me again!
- How can I receive payment for direct marketing consulting?
- I flipped my schedule, work nights and love it.
- Setup a Company in USA (non-US Citizen)
- Mattress Cleaning Business Potential?
| NooB Monday! - (June 03, 2019) Posted: 03 Jun 2019 06:15 AM PDT If you don't have enough comment karma here's where we can help. Everyone starts somewhere and to post in /r/Entrepreneur this is the best place. Subscribers please understand these are new posters and not familiar with our sub. Newcomers welcome! Be sure to vote on things that help you. Search the sub a bit before you post. The answers may already be here. 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]  |
| Posted: 03 Jun 2019 06:38 AM PDT Not sure if anyone ever saw these guys on Shark Tank, but they created Potato Parcel, a website to send anonymous messages and photos on potatoes. In a matter of months, they drove 1m+ people to their website and got featured on Shark Tank, CNBC, Good Morning America, Ellen, the Steve Harvey show, front page of Yahoo, etc. And of course, they wrote an online course e-book on how they did it. The e-course is pretty solid especially for any beginners getting started in the ecommerce space and some really interesting strategies and tactics to gain virality. BUT the funniest thing in this entire thing was their "Final Lesson and Step" of their e-book. 😂 Can't blame the guys for doing it I probably would too and glad they called out this segment of the market in an honest and humorous way. Anyone else read this? Thoughts? What did you like/dislike about it? Also if you have any other recommendations for similar titles would love to check them out if you can share! [link] [comments]  |
| I opened a butcher shop and am on track to have 350k in revenue in year 1. Posted: 02 Jun 2019 10:20 PM PDT A little background- I worked for a consulting firm for years managing market research projects and writing automation software. Through a series of unfortunate events (everyone in my family is dead), I ended up with 15 acres of land in rural Pennsylvania. My wife and I decided to retire and homestead on our little parcel of secluded farmland. We raised all of our own meats (pork, chicken, duck, rabbit, turkey, goose, venison, squirrel, grouse), as well as started a small orchard and a fairly large network of annual gardens. Because we were raising pigs, I got into making charcuterie. Everything from salamis to hams and bacon... with some more esoteric things mixed in (duck blood sausages, head cheese, etc). Along the way, an old friend came back into my life and I started getting an extra pig for him. Then, through a mutual acquaintance, I made a second friend and started raising a pig for him, too. After a couple years, we had gotten to the point where we had put up almost 3,000 lbs of cured product. It was getting out of hand, so we had to choose: either we take a year or two off from doing this or we open a business so we can do this without having to eat thousands of pounds of cured meats. We opened a shop. Initially, we looked at buildings in a nearby town that starting to turn around a bit. However, those buildings are all 100 years old and not laid out well for a butcher shop. The owners are 2nd and 3rd generation and they all think their buildings are worth their weight in gold. 250k+ to buy a building that needs 250k+ in repairs and upgrades to be serviceable? Not likely. So, we expanded our search radius. 2 weeks into receiving the weekly listings, I found an old bank in an out-of-the-way town 25 minutes from my house and 25 minutes from my friends' houses. It was listed for 35k. We made an appointment to look at it. It was love at first sight. As soon as we walked in, we knew where we'd put the curing chamber, the deli cases, and how we'd keep the teller cage area behind the bullet proof glass as our cutting room. The walk-in would go in one of the drive-through lanes. The vault would be dry-storage until we could start moving stabilized prosciutto back there. We had a building. I bought it for 30k. For the next 9 months, we labored and toiled and fought with the local permitting body... I put 180k into the renovations. There was more than one occasion where I felt a 3 gallon can of gasoline and a match would solve a lot more problems than another 20 grand and 3 weeks... But on December 19, the health inspector cleared us to sell meat to the public. We were open. We started slow. We made sure we were open for our stated hours. We made product. We invited people we knew to the shop. Our grand opening was mid-January. We built up a nice following on facebook and instagram. We joined local facebook groups and donated money and product to school musicals, hospital fundraisers, and the Christmas parade. Our grand opening party resulted in about 1.75x as many sales as I had forecast. We are located in a "shit town" of about 660 residents. It's an old coal-mining town that saw its mine shut down in 1987. We didn't expect to sustain ourselves on walk-in customers, so we developed some lines of business that would make up for the lack of foot traffic. First, we intended to hold monthly butchery clinics. People would come into our shop and have charcuterie and cheese boards ready for them. We'd prepare a "family-style" dinner... and then we'd move into the cutting room where we'd show them how we break down half a pig. After our first clinic, we were so inundated with word-of-mouth and facebook-generated leads that we have basically done a butchery clinic every week since the end of January. In addition, we do off-site clinics at restaurants, taverns, and cafes. A couple of weeks ago, we did 5 clinics in 10 days. We charge 65 dollars per person and host up to 12 people in-house. For off-site clinics, we push the ticket price up to 85 dollars and have the host establishment provide dinner. Those events generally hold 25-35 people. For June, we have 3 in-house clinics scheduled (I had to take off June 16 because it's my wife's birthday) and 3 off-site clinics. Second, we developed a dining experience centered around a 150 year old butcher block we acquired. We call it "The Butcher's Table" and it's a dining experience for up to 6 guests. We cover our butcher block with charcuterie, cheese, house-made pickles, condiments and wild-foraged edibles. We charge 175 for reservations during business hours and 235 for off-hours reservations. On average, we are doing 5 of these per week now. Third, we started a "butcher bag" program that is unapologetically a ripoff of Butcher Box. Our general conceit is that we use heritage breed animals from local farms. Our butcher bags are filled with meats, sausages, and other products we make. The value of what's in your bag is 25% higher than our standard retail price for the same stuff. So, for 100 bucks, you get 125 dollars worth of product. We have a bacon add-on and a charcuterie add-on. We have pickup locations at 10, 15, 25, and 55 miles away from the shop. This gets our product into the hands, mouths, and stomachs of people who probably wouldn't come into the shop on a regular basis. Plus, our pick up locations are cheese shops and specialty food stores. These are prime customers coming in to pick up their fancy meat bag... you better believe they drop 25-50 bucks each on cheeses and other foods from our partners' stores. It's a win-win. Fourth- one of our partners is one of only 8 people in the entire state approved by the department of agriculture to be a commercial mushroom forager. So, we've started a program called "forage and feast" where people reserve a spot for a weekend nature walk where our guy identifies wild edibles and plants of particular interest. At the end of the walk in the woods, the whole party returns to our shop where our Chief Flavor Officer has prepared lunch or dinner featuring in-season wild edibles. So all the shit you just found in the woods, you get to eat for lunch. That's pretty neat. Those 4 lines of business represent anywhere from 40-60% of our monthly business. The remainder is made up of people coming in and buying steaks, charcuterie, or whatever. We are 6 months into this venure. We've achieved 110k in revenue and the trendline suggests we should hit about 250k of revenue for 2019. We are opening a retail-only store in a neighboring town. It's in a high-traffic area and we will stock this location with simple staples like ground beef, steaks, pork chops, sausages, milk, eggs, etc... There won't be any production of salmis or whole-muscle cures there. I am estimating another 16k in montly revenue from that location with expenses being about 6k per month. Overall, I am estimating about 350k in revenue in our first year in business. Our net margins are around 20%, so I'm looking at 70k profit on top of rents and W2 income (we bought the building as an LLC that was just for holding the building). If the retail store works out, I have two locations lined up in other towns. I think we can average 20k per retail store in addition to the 20-25k at our HQ. It's very late and I need to go to bed, but I'll answer any questions people have tomorrow. Here's some pics: The bank project: https://imgur.com/gallery/zYftvJf The butcher's table: https://imgur.com/gallery/2ELUnun I don't have any pics of the clinics, forage and feast, or butcher bags... but they make money and that's all that counts, right? Thank you for reading about my meat shop. I really love doing this and providing these products to people. [link] [comments]  |
| Looking for a Platform that offers paid contest entries Posted: 03 Jun 2019 06:14 AM PDT Hello, I am looking for some sort of a platform that facilitates the ability for people to pay money to enter their works into a competition. After which the people who enter can have people go on and vote for them, top 3 winners get prize money. Is there something out there that does this that isn't overly expensive? [link] [comments]  |
| Can We Settle This Once And For All : Business Partnerships are bad ideas or not? Posted: 03 Jun 2019 09:00 AM PDT I swear a good 40 % Of reddit entrepreneur posts are about "splitting business with old partner" or "how do i end partnership" . I see more negative posts about business partners than positive ones so what is the verdict? [link] [comments]  |
| Posted: 03 Jun 2019 10:10 AM PDT First website and close to 100% of my visitors are from AdWords. Which works, but absorbs most of the revenue. Are there any good books about basic SEO? What services should I focus on first? Everyone just says "do SEO." I would, but I don't know where to start, how or who to trust. [link] [comments]  |
| Posted: 03 Jun 2019 07:17 AM PDT As a Entrepreneur how many hours do you sleep in 24 hrs ? [link] [comments]  |
| Could you integrate a web application scanner into your workflow? Posted: 03 Jun 2019 07:59 AM PDT If we offered the ability to conduct scans of URL's / unique parameters for common web application vulnerabilities, would you pay for this? If yes, how much will you pay? [link] [comments]  |
| Could you please suggest to me an Amazon Merch alternative ? Posted: 03 Jun 2019 10:30 AM PDT I'm an hobbyist t-shirt designer and digital artist. I hand-draw every single t-shirt, vectorize It, create my own font and now, I would like to make this hobby a real side hustle. I have a Merch by Amazon account and I sell few simple t-shirts. I love It. Amazon has a good traffic and good opportunities but I would like an alternative, I can't upload more complex design on It and There's alot of copycat so, I can't put my best drawing on It. I'm looking for an alternative, maybe a POD with good traffic. I would like to test If I'm able to step out from my comfort zone, increase my design skills and learn social marketing from zero, build something good maybe a real brand. Could You please suggest me an alternative with a good traffic ? Thank You !!
[link] [comments]  |
| Can we all stop using the I'm was to busy excuse? Posted: 03 Jun 2019 05:52 AM PDT My hope is to build accountability within my organization by replacing "I didnt have time" and " I was to busy to get to that". Replacing instead with something like "Its not my priority to get to that for x amount of time". The change purpose would be to create a better understanding of what everyone feels their priorities are. Once I know what everyone is working on would it be easier to realign them on what is a priority from the view of the company? Do you feel it is value added to achieve this culture change? [link] [comments]  |
| What digital business adds the most value? Posted: 03 Jun 2019 11:33 AM PDT I see a lot of people look down on digital marketing, I'm just curious what type of digital business adds the most value to a company? Thank you. [link] [comments]  |
| Posted: 03 Jun 2019 04:07 AM PDT Would love to know your experiences running a B&B or Airbnb - the good, the bad and the ugly. Worth it? Decent money? How many rooms would you need to make a decent living? Any insight would be great! [link] [comments]  |
| Pro’s and con’s for hiring friends? Posted: 03 Jun 2019 03:15 AM PDT Expanding my digital marketing agency after a nice existence the last 2 years and reached the point where to take on the increased demand I want to hire some in-house staff. A lot of my very close friends work in digital marketing and bring specific skills to the table. I already have worked with some at a previous role and also given freelance work to one. I've hear some horror stories though of bringing friends into your company. For people who have done this what are the pros and cons and best advice going about this situation? [link] [comments]  |
| Posted: 03 Jun 2019 05:39 AM PDT I am launching my 3rd Kickstarter and my previous two were very successful but we had some major pit falls. For the past 2 -years I have been building a supply chain to serve our customers globally. Our company follows the Amazon approach to fulfillment as in, we hire 3-PLs around the globe to store and ship our products. I have tried to find someone who has been through something similar before on a decent sized scale. As an Entrepreneur it is sometimes easy to make the call on what needs to be done but you don't have the experience to correlate what your going through to a logical outcome because everything is brand new and it is spankin new might add [get the dad joke]! When you are making very lasting and impactful decisions it is tough to see your company can't turn like a jetski but is rather a cruise liner heading into port too fast. Would love to know if anyone has any fulfillment tips or great books with experiences that relate to fulfillment and logistics. This project in specific was a fabric that took me over 4-years to engineer and it finally launched today — Boundary Chase Pants Thank You! [link] [comments]  |
| Posted: 03 Jun 2019 04:50 AM PDT |
| Posted: 03 Jun 2019 05:01 AM PDT Simple question, would you rather have more time or more money? I myself value free time over wealth, although I am aware the two are not mutually exclusive. [link] [comments]  |
| Do I really need new equipment? Posted: 03 Jun 2019 12:22 PM PDT I have a few "blue-collar" ideas for local businesses that would require me to have service trucks. Being self-funded, I'm considering older models for up-front cost and maintenance. I'm a former diesel mechanic so I can also save on maintenance costs there if my workload allows. My question is: would running older trucks and equipment hurt the view my potential customers have of my business? They would be painted and clean but obviously older. I feel like I over-analyze these things and it's prevented me from ever starting my own business but it's something I've always wanted to do. [link] [comments]  |
| Web apps or normal ways to use your data to help your business? Posted: 03 Jun 2019 02:31 AM PDT I've been looking at this app called liveplan. It basically just does the revenue counting and few basic metrics. Are there any other apps or normal ways to use data from accounting, from your sales of certain products to use as market research or of logistics, marketing metrics? [link] [comments]  |
| Review my website - honest constructive feedback, please? Posted: 03 Jun 2019 02:27 AM PDT Finally launched my website - https://zerobounce.co.uk/ and would love to get your guys opinion on this. I'm totally cool with frank feedback. Thank you so much in advance. [link] [comments]  |
| Suggestions on how to monetise (online) language learning community Posted: 03 Jun 2019 03:21 AM PDT Hi all, Basically I help to run events across a few different cities, and as a result I have an email list of about 12,000 members, and roughly 60 new members sign up each week (this is organic, I could increase this). In the sign up I receive users' native language, the language they are learning, and their location. I just wondered if you had any ideas of useful things I could offer this community, or extra things I could be doing to make it profitable, at the moment we put students in touch with teachers for a small fee, and that just about breaks even. I should also mention, I'm looking for it to be online only where possible. Thanks for any ideas you have. [link] [comments]  |
| Made to measure clothing sellers! your keys to success? Posted: 03 Jun 2019 01:53 AM PDT What were your biggest challenges in this business whereby we must gather customers' measurements accurately etc.? Bonus of course if you can offer general information as to how you overcame them. If you don't want to help a direct competitor, don't worry, there is a very minute chance we are in the same actual clothing niche. I guess the obvious one is the point I alluded to; creating a system for customers' measurements. Ours isn't overly high tech, we just have an online form setup which tries to explain exactly how to take each measurement properly. It would be great to have an app that scans the customer's body for accurate measurements! [link] [comments]  |
| Posted: 03 Jun 2019 01:55 AM PDT I do appreciate the help in the last post I made it really was some great stuff. As I was working on starting my online business I ran into some questions I couldn't figure out myself. Does anyone here explain to me what would be the best way to optimize my website in-conjunction with shipping online orders? From what I understand so far, please correct me if I am wrong, is that websites like Wix can host my website and allow me to have a place on the web for people to visit. I would then need to sign up for some type of merchant online to process payments, but what I specifically want to know is what would be the best way to handle shipping. I can't see myself shipping 10k orders, I mean I could but I want to be as efficient as possible. Any suggestions, are there any websites that offer a service where I can ship all my merchandise and have them receive the order ship it out for me? Big thanks again!! [link] [comments]  |
| How can I receive payment for direct marketing consulting? Posted: 02 Jun 2019 08:09 PM PDT |
| I flipped my schedule, work nights and love it. Posted: 02 Jun 2019 04:18 PM PDT Hi I'm a tech entrepreneur and for the last14 years I worked pretty normal schedule 9-17 or so. I was always trying to start getting up early but I'm no morning person, I need to have my 8 hours of sleep. Recently we had a baby so I had to help during the day. Started working evenings and nights after wife went to sleep for the night. It's great. I usually wake up 10-11am and then spend the day with the family. Then I start working around 5pm till 2am with some breaks to help with the baby. I can focus well during the night because it's quiet. Pros: Spend good time with the family, not few hours tired after work. Good sleep. What's your thoughts on this? Have you tried this? [link] [comments]  |
| Setup a Company in USA (non-US Citizen) Posted: 02 Jun 2019 05:40 PM PDT I am thinking about moving to USA and I am starting a new business that I want to incorporate in US, but I am a Brazilian and don't have US citizenship. Does anyone have any tips or know where I can get more info? I am still researching if that is possible. I know that even getting a job in US is complex and there is a bunch of bureaucracy. I read about getting a Tax ID Number, EB-5 Visa, hiring Immigration Attorney, ... BTW: I do not intend to put money in the company at first (unless that is a pre-requisite). It would be my 5th business, but the first 4 were in Brazil). [link] [comments]  |
| Mattress Cleaning Business Potential? Posted: 02 Jun 2019 05:41 PM PDT Hello everyone, I recently started a commercial and residential cleaning business. I purchased a steam cleaner and it dawned on me that I nor has any one I know ever cleaned there mattress and that is one of the advertised applications of the steam cleaner. When you really think about it mattress are gross, they have 1000's of dust mites, human sweat and other "fluids." Through research I was able to find and come up with a pretty efficient and effective method of cleaning and disinfecting a mattress. At first I thought it was a genius additional service to my business but then it dawned on me that people can purchase a plastic covering for there mattress. Does this completely negate any possibility of this business? Does anyone have any suggestions or opinions on how I could make this viable? Thanks for the help! ~Nicholas [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