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    Wednesday, June 5, 2019

    Wantrepreneur Wednesday! - (June 05, 2019) Entrepreneur

    Wantrepreneur Wednesday! - (June 05, 2019) Entrepreneur


    Wantrepreneur Wednesday! - (June 05, 2019)

    Posted: 05 Jun 2019 06:14 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.

    submitted by /u/AutoModerator
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    AMA: Raising a hybrid 'zebra' round of funding without VCs + anything e-ship

    Posted: 05 Jun 2019 10:16 AM PDT

    Not promoting anything, no ebooks, newsletters, etc. Just want to help!

    I'm an exited founder, investor, mentor, and 'innovation designer' who recently raised an unusual round of seed funding from Valley angels (such as the VP Mobile Shopping at Amazon, CPO of Square, and creator of Google AdSense) for a tech-native startup that is intentionally NOT trying to walk the Unicorn Path, raise Venture Capital, or blitzscale — we just want to build a nice, sustainable business!

    More founders are thinking about how to build startups that are somewhere in-between a lifestyle/bootstrapped business and the all-or-nothing "try to raise VC money" Valley-style startup. Too many founders waste time thinking about VC and don't realize their company isn't a candidate and/or that it'll take you down a path you don't want to go.

    The theory of hybrid startups (or 'zebras', a 'real' version of the unicorn) has been talked about a lot recently — like this thread in r/startups about a NY Times story on founders rejecting VC, "Forget Unicorns, We Need More Zebra Startups", Tim O'Reilly picking apart the problem with Blitzscaling, Basecamp CEO Jason Fried pointing out how VC kills too many businesses, etc.

    But this model is still early and there aren't enough data points and shared learnings in the community yet — the only other major public one I know of is my friend Rand Fishkin, founder of Moz, who open sourced his legal docs for a similar round.

    Since I had to figure some of this out for my recent round and want to see more founders consider this, here are notes on my deal terms, process learnings, legal nuances, and spirit (Medium link, no bullshit)

    Some highlights:

    • It's a tech-native business that already had traction, but bootstrapping wasn't the best answer and we wanted some capital to get over the hump.
    • Raised in an LLC, rather than the typical C Corp. LLCs with S Corp election are another option.
    • Raised from tech investors, but built the model for profit distributions, founder control, no board, etc.
    • Valuation is closer to a 'normal' business, not like a Unicorn tech startup.
    • The fundraising process and materials were mostly the same as the typical startup path, but with different calibration on what it means to have traction, the right projections, exit returns, etc.
    • All investors are individuals. Professional/formal funds aren't embracing these models yet, except for a few leaders like Indie.vc.

    Why you can trust me:

    IAmA mentor who's helped thousands of founders in over 30 countries, repeat founder who's built five successful companies in five different markets (including a VC-backed Valley tech company that was acquired), raised >$125M, angel investor with top 10% returns, Innovation Advisor to the Obama White House and other US and intl governments/ecosystems, co-founder of the DOD's Defense Innovation Unit, founder of a prominent international startup mentor network, co-designer of 2 of the top 5 entrepreneurship university courses in the US, and youngest founder in the world to raise VC during the financial crisis.

    (Long-time redditor and member of this sub, but under a different account.)

    AMA!

    Anything is on table, but I usually talk about fundraising, general startup and founder stuff, founder health, ecosystem building and innovation design/process, product, scaling, and so on.

    submitted by /u/jpramey
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    10 FB Ads Hacks From A 10-Year Expert

    Posted: 05 Jun 2019 06:50 AM PDT

    In the last decade I've spent over $10,000,000 on FB ads for brands like LivingSocial, Tinder/Match Group and more and hardly a week goes by without a message from someone asking for Facebook Ads advice before they start their first ever campaigns. I thought I'd give some advice that will shorten your Facebook Ads learning curve and hopefully help you win faster.

    1) Try EVERY single different Facebook Ads ad unit. Facebook now has roughly 7 different ad units you can test. Single Image, Carousel, SlideShow, Video, Lead Ads, Messenger Ads and Canvas ads. I say roughly because you can turn on different conversion focuses and mix and match combinations to create literally an infinite number of different types of ads but let's just focus on those 7 for now, as I don't want your head to spin. When starting your Facebook campaigns, or any advertising campaign for that matter, it's vital to the campaign's performance to diversify, much like stock investing. The benefit here is to test everything against themselves, and then reduce what's not converting at the level you need, to get to your optimal CPL as quickly as possible. If we were talking about Google Display campaigns, I would say make sure you create every single potential ad size, but the same goes for Facebook Ads. Make every available type of ad unit and then let them compete to see which one converts best. The more you create, the better your chances are of finding a super-cheap hyper growth channel. As of late, video ads have been working the best for me, but you may see different performance, as it depends on your target, content and audience. It all depends on your target demographic and your content. If creating a video is too painstaking, then use a slideshow of images. Test it, see if it works and then if it does, invest in making videos from scratch. The point here is to just test a lot more than basic text and image ads.

    2. Test long and short-form text Inside the same campaign/Ad Set I'll often create ad variations with long-form text and short-form text. Testing a few words vs. a paragraph of text. There's no sweet science here but again, I'm trying to make as many variations as possible, in order to find exactly what converts best for my target. In the end, I see 50/50 results here, but when you're bidding low (I'll get to that strategy below) it's key to try different variations of ads and then pause the ones that are not converting. This will drastically drop you CPC and CPL. So try different variations of text lengths like the below ads and see what works best. Short form ad text (above) vs. long-form text (below). Which do you think is better? Don't follow your gut, let the data tell you what your viewers like the most.

    3. Break out small age groups in Ad Sets. I recommend you not use a huge/wide age range for your campaigns. A long time ago I realized that the FB algorithm was choosing which age group to show my ads to, based of early campaign data around which age range was clicking the most and thus, eventually excluding the other age ranges. So when building your initial campaigns, keep the age ranges of Ad Sets to 5-10 year gaps and then see which perform the best, again pausing the ones that underperform. This will not only let you get more granular and therefore convert more, it will also often surprise you too. People at different age levels respond to content differently so test this wisely and you'll learn a lot as well as get more tuned on your conversion rates. Your Facebook ad sets should look like this:

    4. Always Edit Ad Placements! Inside of your campaigns, when you're setting up an Ad Set, towards the bottom you can select Placements. Most Facebook Advertisers will just leave it to Automatic as Facebook says this is "Recommended". In my opinion however, this is complete BS. Automating this will mean your ads will show on Instagram, the FB Ad Network (more on that below) and on all devices, and around all kinds of crazy content. Anytime an advertising platform says something is "Recommended", it's usually because they will make more money if you select that choice, so don't do it! Automation in advertising is truly your enemy. It may save you time, but it will cost you money, so take the time to go over every aspect of your ad manually and it will pay off. With regards to placements, Click "Edit Placements" (see below) and then cut the fat out. Some placement tips: The FB ad network generally performs worse than FB and Instagram. This is because these are just apps that Mark Zuckerberg has bought for one reason or another ( like this one) and they still want to monetize. So if your total expected audience size is in the millions already I suggest cutting that out. Going beyond what platforms you show on, you can actually exclude your ads from devices, and content that is off brand too. Mobile traffic is usually lower quality across the board, so if you can, start with just desktop traffic (unless your a fully mobile first project, then don't do that, duh). I would exclude Adult, Tragedy, Religion and other categories (see image below) as they are all going to decrease your CTR and therefore your relevancy and Conversion Rate. Cut it out.

    5. Bid low, then build up. Going with my theme of never trusting any automation or suggestion Facebook makes because they're all designed for profit, another BS recommendation is the recommended bid price. When you're creating an ad set it will ask you for a bid price and suggestion something in dollars and I am here to tell you, you can pay CENTS! Facebook will always tell you the bid price is $1-$3 but you can start your campaigns at $.02 if you want to and see if you get impressions. Just enter in $.10 and see if you get traffic. Do it. If you're not in a super hurry to start spending money you can give the algorithm a few days to train itself and find you leads/clicks/conversions at almost any price. See image below. That is a recent campaign I did for my own brand www.andrewstartups.com. Did you notice the price I paid for visits to my website, and for Likes to my page? Not in Dollars huh? Super cheap, targeted traffic, it still exists in Facebook Advertising but you need to know how to get it. This is probably my most valuable tip that could literally save you 75% of your budget. Bid low, let the algo catch up, then increase the bid to get to the scale you need to see. You'll save thousands this way instead of doing the opposite.

    6. Run low-bid campaigns for likes. People generally don't value likes and follows on FB, and for good reason. Unless you're in the top 10% of engagement of your FB audience, it's highly unlikely you see a boost in profit with every new Like. Having said that, what is often overlooked is the intangible benefit of having a few thousand followers, over a mere 200. Investors, prospective partners, hell even interested potential customers often check for a brand's social media following before making a decision. Because of these, I often advise brands to spend a few hundred bucks on boosting their FB following legitimately via some ads that promote the page, with the conversion set as Likes. As you can see above, I did this for my own Facebook Page. You can bid ridiculously low and just keep it running till you hit the numbers that you feel give you a nice look online. If you're spending thousands on ads, spend a little bit on Likes. It's worth it.

    1. Avoid making changes too often. Facebook doesn't really say this outright, but it's been my experience that making daily changes to your Facebook Advertising campaigns will cause the algorithm to get confused and drastically drop your impressions, thus affecting overall performance. Even changing daily budgets every day can cause a drop-off. The solution? I recommend just a weekly review of your campaigns and one-off changes every week. You can still monitor and pause campaigns but limit your changes to once a week. If you do notice a drop-off in impressions, try Duplicating the campaign, and pausing the original. Give the copy a few days to regain speed and you should be good. Leave the old one paused forever and start anew.

    8. Do remarketing via Facebook. A lot of people don't realize that Google is truly no longer the leader in Remarketing. You don't need PerfectAudience, and Adwords really has been decreasing in success for me vs. Facebook. Facebook has the easiest Remarketing capabilities to set up. At the Audience selection section, simply click Pixel and/or Website30 to start advertising to the people who've previously visited your website. Select WebsiteLast30 and Pixel to retarget to people who've already visited your web properties. If your audience is too small you can extend via Lookalike Audiences, as I did above. The larger the number, the weaker the Lookalike will be.

    9. Talk to FB, take the free meetings BUT Don't always listen to them. Facebook now has an account management army. Often you'll see a pop up in your Ads Manager offering you a free consultation chat with a "Facebook Advertising Expert". I highly suggest you take the chance to speak with them seriously. Having said that, you should keep in the back of your mind the fact that their final goal is to get you to increase your spend, so take all of their suggestions with a grain of salt. Even I talk to FB as often as I can, because they'll tell you about trends their seeing in the algorithm, new ad units being rolled out and overall it's just nice to have another set of eyes looking over your campaigns to make sure you haven't missed any opportunities.

    10. New Targeting options are your friend. Nowadays Facebook's targeting abilities have advanced further than we all expected they would ten years ago. Through partnerships with organizations like Experian (Yes, Facebook knows your credit card info) and others, Facebook knows your net worth, your purchasing trends and your job. When it comes to targeting your audience, test a lot more than just their location and what they're interested in. There are loads of different targeting methods from occupation: To affluence level: To overall income level: You can also exclude things too, so if you can think of another layer to exclude it will only make your campaigns that much stronger. Ok there you have it, those are my ten best free tips for Facebook Advertising. Got some tips you want to add? Comment below. Thanks for reading.

    Got questions, hit me up.

    About me: I'm a early-stage startup marketing expert, I help launch and scale new businesses remotely (after 3 startup exits) check me out at www.andrewstartups.com.

    submitted by /u/AndrewStartups
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    Made my 4 Kids each start their own business this summer.

    Posted: 05 Jun 2019 07:24 AM PDT

    Summer vacation is 2 days away. We have triplets + one, 14,11,11,11 all girls. I've run my own business doing website marketing for over a decade now. Decided to mentor each of my children and start their own businesses and we are seeing some amazing results so far. Here is a little video - as we document the process to share with others- https://youtu.be/SlBbxrQ27PQ

    submitted by /u/homesteadhow
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    Which niches, do you believe, are and will be relevant for a long time?

    Posted: 05 Jun 2019 01:46 PM PDT

    Imo anything related to jewelers and women clothes are a couple of those niches.

    Am I missing something? Probably a lot... That's why I'm asking for your opinion.

    submitted by /u/kosmaspar
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    Anyone in the artificial grass/turf business?

    Posted: 05 Jun 2019 01:42 PM PDT

    Anyone in this area or have any experience with it? It seems like a growing area with not too much competition so far (atleast here I am). I wonder how hard it is to learn to do this as a business.

    submitted by /u/doogie88
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    I (16f) will be starting my own art classes for kids, and was contacted by a potential client, and she is trying to negotiate my prices - how do I tell if she is bluffing? And if she is, how should I proceed?

    Posted: 05 Jun 2019 11:04 AM PDT

    She contacted me and asked whether I am willing to negotiate my prices, and I respectfully said no. I am charging $10 for a 1 hour class, and am giving a discount for the first 3 classes as a bundle ($25 for the first 3, and $10 each afterwards). Going any lower than this would be devaluing my own work and time.

    In response, she said that she is also speaking to another teacher who is charging the same but has more experience with children and is willing to come to her house to teach this client's children, and that since I have less experience with children, she expected me to charge less.

    I have worked with children a lot through work in my community (I tutor, I have been a summer camp counselor at a STEM camp for 3 years, and lead craft programs sometimes at my local library), and I have been learning art since I was 8, so I don't think it's absurd to be confident in my capabilities.

    However, I am inexperienced in the area of business. I am unsure of how to proceed with this - is she bluffing? Just yesterday, she was looking for an art teacher, and she suddenly found another one. If she is, how do I proceed? And what should I do if she isn't bluffing?

    submitted by /u/lovelyisntme
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    Need Advice with E-commerce Prank Website!

    Posted: 05 Jun 2019 12:25 PM PDT

    We appreciate everyones time even to look at this post. We are a service which ships Dildo's in the mail as a prank in anonymous packaging from a anonymous location, dickinthemail.com.

    Yes that means you can send a Dildo to anywhere at any time like your boss anonymously.

    I currently am a Live Streamer on Twitch and market to my community but we are looking to expand. Right now we are ranked on google between 3-5 organically and out side of my own promotion these are our only source of income.

    Last year we did 40k/20k profit in dildos shipped just from organic search on google and self promotion.

    6 months from today were trying to partner with influencers like corporate bro, bartstool etc. The value prop is there as a prank at a fair cost, but we have issues with expanding our traffic organically. Traffic is the key to our success and yet to invest on online ads, we are looking for additional attributes outside of google ad words, facebook, instagram.

    Would love any ideas on how to expand our traffic outside of advertisements.

    submitted by /u/HoneyDripzzz
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    Online service business?

    Posted: 05 Jun 2019 01:36 PM PDT

    So I've been reading lately about service businesses. I still have a couple of questions. Do they need to be brick and mortar? I mean, can't they be 100% percent on the internet? I know most of them find customers online, but the service they provide(lawn mowing / storage / car cleaning / etc.) is still something done in real life. So can there be a solely online service business? Or is that not considered a service business anymore? I'm sure there are services that can be fulfilled online(maybe not traditional ones though).

    submitted by /u/papfilipvladimir
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    Most efficient system for printing shirts

    Posted: 05 Jun 2019 01:16 PM PDT

    Hello everyone!

    Looking to start a clothing business, mainly long and short sleeve t-shirts with the hope of expanding into sweatshirts.

    To start out, what is the best way to actually start printing my designs onto articles of clothing? I was looking at a heat press or considering screen printing (which I read you can't really do complex designs with). What is the most cost-effective way to print shirts?

    Looking to start with something on the cheaper end and upgrade as I get more sales. Any insight into the production of shirts would be great. Planning to purchase blank shirts wholesale then add my design. Thanks!

    submitted by /u/life_roll
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    Trouble being able to use customer marketing stats

    Posted: 05 Jun 2019 01:01 PM PDT

    I run my own marketing agency and I have ran into an issue. I am unable to share my current/past clients marketing campaign successes because of our agreements. I have seen a fellow Redditor on this subreddit have a similar issue and offer his services completely for free with the exchange being that they can use the stats garnered from the work. If anyone is interested in this sort of agreement let me know and I would be very happy to help both of us out.

    submitted by /u/Godly_26
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    Corporate formation and initial stock issuance

    Posted: 05 Jun 2019 05:04 AM PDT

    My co-founder and I are creating a C-corp. We already have investors lined up. How much stock should we create, how much should we distribute, and how many preferred shares do you recommend? He and I both prefer the idea of being "rich" to being "king," but we want to make sure we have enough control early on that we don't get bumped from the project. Any good sources on the decision making here?

    We also want to have a large enough reserve pool that we can offer options to employees.

    submitted by /u/whenfoom
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    Entrepreneurs, I need some advice about a possible merger...

    Posted: 05 Jun 2019 12:28 PM PDT

    I run a digital agency focusing on 2 particular types of work. Recently, another local agency reached out to me as they had been unsuccessful in delivering this type of work in-house and wanted to partner with my company. This has been on-going now for 9 months and apart from a couple of small hiccups has largely worked very well. The big advantage for us is that we've never been massively proactive about going out and finding work, largely depending on current clients and word of mouth referrals, where as this agency have new projects and clients coming in all the time.

    Fast forward to today. This partner agency have realised it is not cost effective for them to continually outsource this work to us and have looked at the following options: * Taking myself and my small team on in-house - essentially buying us out. * Merging the two companies * Taking on their own staff and continue with limited involvement from us/me.

    In particular the owner has stated he, and their clients, have been impressed with my work for them and that they believe they've won a couple of projects largely due to my involvement. He is very keen for me to work with/for them in some way.

    One option we've discussed is the merger option with me becoming the Managing Director since the current MD/company owner is tired of the day-to-day running of the business and wants to move to more of a client-focused role.

    My dilemma: This partner agency seem to be very well networked, they're getting leads and projects in all the time and we're currently talking to some great clients about some big, exciting projects. However, the agency owner, who would become my business partner, can be quite frustrating to work with. He tends to lack focus - taking conversations off on tangents often, which in particular can be difficult in pitch meetings. His business also exhibits this lack of focus. In addition to this, I believe he lacks natural business acumen (hence why I've stated I'd want to be MD, rather than my normal position).

    So - do I merge with another company knowing that the new company could be heading in a great direction, but also knowing that I'd be partnering with someone that might be difficult to work with?

    submitted by /u/jammy-git
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    What would be good ways to get relevant customers for this business idea?

    Posted: 05 Jun 2019 08:06 AM PDT

    Concept

    I make free websites for small businesses that do not have the skill or time to make or maintain them. The target audience is businesses that don't have the cash to pay thousands for a professional website, but still want one. The "catch" so to speak is that they need to join my hosting and management program. The risk reversal is that you get to see your site and approve it before joining. If you don't like it, you don't join. No questions asked. To filter out tire kickers or very demanding freeloaders I have a 12-month contract if they want to keep the site. They also go through a questionnaire aimed at seeing if we are a good fit before I start any work.

    The problem

    My problem is how to find customers for this? I know they are out there, but they don't know about me. This is very fresh, so I have one paying customer. He is a friend and former colleague. He loves the concept. I also know another person that has a small business that needs this. She is joining in a few weeks time. She also loves the concept. Another friend has given me two potential prospects. This is all word of mouth, and I aim to keep that going.

    But what other ways can I get relevant traffic to my site? This is a very specific audience. Small business owners that see the value in a professional website, but does not have the funds to pay for one, do not want to build it themselves and has the cash flow to be okay with a monthly fee for me to run it.

    What I am already doing

    I have Google Ads for the terms equivalent to "free website", "cheap website" and "websites for small businesses". I have a Facebook Ad running as of today where I just test the waters. I am doing cold outreach to businesses that fit my criteria that already have a website, but where that website is not top notch or too big (this is a lot of work as you can imagine, and not my favorite thing to spend my time on). I am planning on writing blog posts on subjects relevant to small business owners.

    Which opportunities am I missing?

    submitted by /u/trsdm
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    MBA vs. Self-Studying Business?

    Posted: 05 Jun 2019 10:56 AM PDT

    Edit: Extra information: I'm in a third-world country, considering either a training/educational centre or a gaming cafe.

    I'm a rising junior year Computer Science student, planning on starting a family business soon, my parents pay for my college fees so education at the bachelor level isn't a financial worry.

    Which would you recommend, self-studying business online? or enrolling for an MBA after graduating from my Bsc?

    submitted by /u/TheMaskedDriver
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    can use some help with the website...

    Posted: 05 Jun 2019 10:53 AM PDT

    Hey guys, I'm starting out as a blogger and I write about entrepreneurship. The thing is, I kinda need some feedback on the UX and UI of the website. Also, any kind of feedback is appreciated. I'm trying to create good content and it's probably just okay for now, but I plan to improve on that too. So, if you could just tell me about the UI and UX, or anything tbh, it would be a great help. I'm in high school and I'm pretty much broke, so I dont really have any money left for the fancy themes and stuff so I kinda just did my best to make it look okay. I spent my money on online courses and hosting and stuff. But I want real world feedback. I just want to know what I'm doing wrong, and what tiny part I'm doing right, that is, if any. I have a passion for entrepreneurship, and I plan to improve in every way I can. This place is professional and I thought maybe I can get some real help here. Just tell me what sucks, and what is okay.

    Thank you so much

    my website is called https://gifttample.com/

    submitted by /u/Forever_Mystic
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    I love METAL I have made decent money with scrap metal in the past but here are some if my new ideas do you think they would sell?

    Posted: 04 Jun 2019 11:35 PM PDT

    Today I leaned how to make pure sodium metal out of caustic soda. On eBay I see 2 pounds of pure soduim going for about $150 American probably. I know for a fact I could refine that much on a weekend for very cheap. I also see 15-25 grams going for $45 I'm not sure but I think this could be a very fun hobby my original plan was to refine the soduim so I could throw a big chunk in a lake.

    I have a lot of iron metal laying around and pretty much have a limitless supply. I'm learning how to convert it to pure iron oxide which I'm going to use to make thermite for fun. But I see 50 pounds going for $50 online this increase the value of the metal by 20 TIMES if I was able to find a buyer I'm sure I could sell industrial amounts that I plan on making using electrolysis.

    It's only a matter of time before I figure out other refining prose's

    What do you guys think? Any advice? Aha I can always Garrentee nobody has experience in this kind of business I would be happily supposed tho.

    I'll give it shot when I have the time can't wait

    submitted by /u/sebyhood
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    Slack, Hubspot, Marketo, Hootsuite, Widen Collective... Do you use them? Do you recommend them?

    Posted: 05 Jun 2019 10:48 AM PDT

    Entrepreneurs of reddit,

    As I try to start in the world of e-commerce I have been coming across all of these different platforms that are supposed to help you grow and manage your customer base and I was wondering if you have experience with any of them and you would recommend them for a new business.

    Any advise and comment is greatly appreciated!

    submitted by /u/DarkFlameMS
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    Platform to sell a digital product

    Posted: 05 Jun 2019 10:39 AM PDT

    Hi all

    Has anyone had experience selling an ebook? Which platform did you use?

    Ideally I want to sell through own website so I can build a mailing list through a "bribe to subscribe" freebie

    Any pointers would be appreciated 😃

    submitted by /u/KrisBkh
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    Do you think the age of innovation/disruption is making millennials burn out more than any other generation?

    Posted: 05 Jun 2019 02:56 AM PDT

    Targeted marketing idea

    Posted: 05 Jun 2019 10:05 AM PDT

    Hi, I started a pressure washing business about 4 months ago and things are going pretty well. I am looking into marketing more towards commercial and industrial clients. My thought is simple, in order to appeal to businesses I cannot waste their time so I will drive around and take notes of commercial buildings that would benefit from power washing at that time. I would then go home and research the approximate size of the building and use that to determine the price of service. At that point I would mail them a letter with a personalized quote on a cleaning service with an offer of something like a 10% discount for signing a service contract.

    Does this seem like an alright idea? what would you do to improve on this plan?

    submitted by /u/the-official-review
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    Facebook Marketing Events for Online Dropshipping Store

    Posted: 05 Jun 2019 10:00 AM PDT

    I've gotten the idea to create a fb event to invite people to view my online dropshipping store to either get purchases or get followers to my main fb page. Has anyone else tried this and gotten results from it??

    submitted by /u/graces_accessories
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    Thoughts on my plan?

    Posted: 05 Jun 2019 09:47 AM PDT

    Good day everyone!

    I'm a 20yr old 2nd year businesses management undergrad student. I have an interest in skincare and had an (unoriginal) idea to someday start an e-commerce skincare site similar to sephora or ulta but in my country (located in west Africa). I've looked at 3 different sites so far all seem great and have regular customers but they also lack in some areas which is where I hope to step in and fill those gaps.

    I've already began my research on google and noted a few things but would like opinions on my 'plan' and what needs to to worked on and suggestions.

    From what I've seen I can't just start messaging brands asking to partner with them or if I can (officially) resell their products. I then thought I could maybe start of with an instagram page and grow a substantial following and start to promote the idea of potentially launching a skincare site. I've seen a brand called miniso do this. While they're already an established brand before they launched stores in my country they began promoting for a year or so via Instagram.

    Basically I think if I can market myself properly I can attract an interested crowd and if brands sees there's enough willing customers maybe it'll be easier to make my idea come to fruition.

    Main issues: - no start up capital - my country doesn't have the most favourable market conditions

    Things I can use to my advantage - my brother (a producer, who is friends with and has worked with people with thousands of followers in my desired target market) - so I can try asking him to connect me to some of these people (basically what influencers do, promote on their social media)

    My thoughts and plans are still very messy but I'm hoping overtime i can work on it and improve them. Also while I plan on starting this up so i don't have to rely on my mother for money anymore I genuinely enjoy skincare and think by doing this I can translate my ~passion~ in a way that can benefit me and other people who are like me.

    submitted by /u/literallyagemini
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    To Software Entrepeneurs: How Did You Price Your Software?

    Posted: 05 Jun 2019 09:47 AM PDT

    For the past year I have been working on a software system that will help automate an industry that desperately needs it. Next summer I aim to release said software, but honestly have no idea how to gauge the pricing of it. I'm planning on having multiple "plans" to choose from, each with different features and benefits, but don't know how expensive to make each one. Also planning on using the SaaS model, so you would be paying a subscription fee on top of the one-time setup fee.

    Could any software entrepeneurs give me tips on coming up with pricing? Should I just talk to people in the industry and see what they feel would be adequate? Do you have a personal story that relates to this problem?

    Before you give me flack for not mentioning the industry, I don't want to potentially ruin the head start I have (I work full time as a developer and don't have 8+ hours a day to work on my start up). This is software that a small company could whip up way faster than I could alone, so I don't want to give them any ideas ;)

    submitted by /u/TheBagOTricks
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    Do I need permission to set up a food truck in a paid parking lot for a couple of hours?

    Posted: 05 Jun 2019 09:27 AM PDT

    Or can I just pay for the occupied parking spaces?

    submitted by /u/WryLanguage
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    Sooo does it seem like developing software is the only way to start up a successful company nowadays?

    Posted: 05 Jun 2019 09:01 AM PDT

    It feels like products/local services have all been saturated to shit and the only innovation happening today is in AI/data science and the like. Should I just bite the bullet and become a software engineer or what?

    submitted by /u/LtFlavor
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