Marketplace Tuesday! (July 30, 2019) Entrepreneur |
- Marketplace Tuesday! (July 30, 2019)
- How Mailing Out Thank You Cards Earned Me an Additional $5,200 a Month in Revenue
- What businesses could you guys start if you have the tools to promote on reddit?
- To those currently in business, when did you quit your day job and when did you start paying yourself?
- Switching from offline retail to ANYTHING online, need suggestions!
- How to make money online as a teenager?
- Is a snapchat that gets 300k+ views on story per snap worth 12,000?
- How can I make money from instagram?
- Should I do what I love or what I know best?
- Business/entrepreneurship podcast recommendations?
- Regarding branding and content creation
- Self-Made Millionaires Wanted for Interviews !
- I need a pick me up - I feel defeated
- How to Write a Business Proposal - Step-by-Step Guide
- Best place to find freelance writers?
- Starting an English tutoring business in Shanghai China
- Resources for scaling a business - help!
- Entrepreneurs: Do you use a Mac or Windows based PC?
- Where do I get started if I want to produce my ow SHIRTs.
- What would you say to someone who's afraid to start a business due to fear of getting sued / screwing up taxes?
- Whats a great computer skill I can learn and start my own little service in a few months?
- Financial entrepreneur Ruzbeh Bacha sums up 5 years of financial API City Falcon
- Brands that convey 'roles' or 'emotions'?
- Free macro text expander with cloud sync
- Looking for a Tool for my Business
| Marketplace Tuesday! (July 30, 2019) Posted: 30 Jul 2019 06:12 AM PDT Please use this thread to post any Jobs that you're looking to fill (including interns), or services you're looking to render to other members. We do this to not overflow the subreddit with personal offerings (such logo design, SEO, etc) so please try to limit the offerings to this weekly thread. 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]  |
| How Mailing Out Thank You Cards Earned Me an Additional $5,200 a Month in Revenue Posted: 30 Jul 2019 06:19 AM PDT A lot of us are working tirelessly to find our customers and make the sale, but how many of us are neglecting potential value after the sale? That's what I'm attempting to find out in the form of a simple thank you card. I own a moving company and had the realization that I have never been thanked or contacted by a service business after the sale was complete. Why is that? It's cheap, easy, and if done right could be an easy way to get people who trust us to help increase sales. Question: Does sending out hand-written thank you cards increase referrals from previous clients? Experiment: Measure Baseline In order to track the effectiveness of thank yous I needed a reliable baseline percentage of referrals from our existing client base. I found that our jobs were referred by name by previous clients 5% of the time. "By name" is important because I quickly realized that more often than not when someone was referred to us by a previous client a specific name was not used but something more like "my friend used you" and this wouldn't be easily measurable. By name by previous clients would be our control group. Package Contents Each package contained:
To further test the theory of reciprocity we also included a small lotto ticket in 50 of the 100 packages. Cost -100 Thank you cards: $22 -Postage 100 letters: $55 -500 business cards: $15 -100 Thank you postcards: $10 -50 lotto tickets: $50 -Labor to write and prepare letters:$93 Total Cost: $245 Initial Results For the first 4 weeks or so I thought this experiment was a complete dud with no noticeable increase in referrals. It wasn't until around 6 weeks in when referrals started adding up. In hindsight this makes sense because it's not everyday you have a friend who is moving nor is it a popular topic of conversation for people to chat about the best movers. The initial goal was for people to appreciate the gesture, keep the cards (hopefully), and have a good taste in their mouth about our company if/when it does come up in conversation. Final Results Success and failure. I'm happy to report that after 9 weeks there has been a significant increase in sales from the control period but much to my surprise, there was no marked increase in referrals from the group who received the lotto ticket vs. the group who didn't. I can't be 100% sure why there was no difference but I am guessing this is because the thank you made us stand out enough to where the small lotto ticket wasn't the referral catalyst. We went from 5% of our referrals from previous clients by name to 12%! A 140% increase over the previous period which translates to $5,200 in increased monthly revenue for this single location (year end profit margins are normally 25%-30%). Conclusion I believe there is a big opportunity in doing small things to connect with our customers and do the things our competitors are not. The goal should be to search out and test for several little profitable nuggets like this to add to the bottom line and connect more deeply with our customer base. For those who are more visual or would like to see what the letter looks like I documented this experiment on YouTube at: https://youtu.be/GFWakEN21W4 [link] [comments]  |
| What businesses could you guys start if you have the tools to promote on reddit? Posted: 30 Jul 2019 11:12 AM PDT |
| Posted: 30 Jul 2019 12:27 PM PDT When did you feel comfortable leaving your day job to dedicate all of your time towards your business? Was there a certain number or was it based off a feeling/intuition? What was that transition like? [link] [comments]  |
| Switching from offline retail to ANYTHING online, need suggestions! Posted: 30 Jul 2019 01:14 PM PDT So, to make an incredibly long story short, I used to own prepaid phone stores. Started with Boost Mobile, switched over to a Tracfone-branded multi-carrier setup, then got out before I lost my ass. Why get out? Easy. The cell phone business, back in the day, used to be a great way to make easy money, provide a great service, etc. Now, the master agents (who you use to get your services, IE your PINs, dealer codes, etc.) are fucking the dealer royally. Blame also lies on the carrier, too. If you see a Cricket, metroPCS, or Boost dealer, know they're most likely owned by a HUGE dealer who has tons and tons of stores, because consistent growth is required for this type of business. Some stores make tons of money, some stores shit the bed consistently, but they've been in it so long they have money from "the golden era" to tide them over. And we're talking TONS of money. Back in the day, Boost Mobile, for example, used to pay 18% on refills. So I sold you a phone, let's say for $99.99. My cost was $47.50. Plus your first month of service, $50. Then I made my first month MRC (monthly recurring charge), plus a residual of 3%, PLUS 18% of that $50 each time you made a payment at my store. Crazy. So after getting rid of the stores last year (March 2018), I've worked a variety of jobs as District Manager, Territory Manager, etc. But my true calling is working for myself. If you've ever owned your own business, THEN had to work for someone else, you'll get it. It's deafening. You feel like a chump. Clocking in? Mandatory lunch breaks? Low level employee drama? Fuck all that. So anyway, here I am, a year and some change later, looking out for what my next move is. I'm writing this post with a bit of a jaded view, as I've been lurking and infrequently posting here since 2013. One of my first posts to this sub was asking how to raise money, and no one had anything useful. One thing I'm noticing about the online digital space is the gold mining dream. I'm sure you've heard the story, right? It's 1849, the GOLD RUSH is B-O-O-M-I-N-G! Everyone's crossing the country to strike it rich! But you know who got rich? Levi Strauss. He sold the jeans for them to wear while chasing the gold. Land Owners. They leased the land so people could mine, plus if they actually found anything they usually got a cut. Shovel/equipment manufacturers. You gotta dig that gold with something, right? This has been my experience with the internet thus far. Everyone's selling the shovel, but no one actually has a viable solution. Start a cleaning business...BY USING LAUNCH27! Start selling t-shirts...USING AMAZON MERCH AND PRINTFUL! How much money is the actual entrepreneur making? I'm sure not as much as the guy selling the shovels. Podcasts are like this too. Side Hustle School, created by the same guy from "The $100 Startup", doesn't actually tell you how to do anything. It's just a bunch of stories of people who started random small businesses. Sure, a how-to would be nice, but that's not what I'm expecting. I don't really know what I'm expecting to be honest. Seems like everyone's pushing their own agenda. To have over 500,000 subs, there's an enormous lack of content. Is this what business and entrepreneurship have become? sweatystartup is putting out a ton of content, but it seems mainly like motivational fluff for him to inevitably push something to you once his market share is big enough. Plus a lot of the business ideas and "guides" are common sense approaches and people gobble it up like. Start small and cheap. Get promo material. Business cards, flyers, etc. Grow. Anyway, that's basically it. This is part rant, part frustration, part lack of sleep. What's everyone doing? How are you making money? What's not working? What's losing? TL;DR - WTF IS ENTREPRENEURSHIP? [link] [comments]  |
| How to make money online as a teenager? Posted: 30 Jul 2019 08:03 AM PDT I'm a teenager who wants to make some money online and save it for the future. This business would serve for me as a 'side hustle' because school is still the main priority for me. I've explore d various niches and still can't decide. So , if you have any suggestions for me , be free to write it in the comment section. Thanks. [link] [comments]  |
| Is a snapchat that gets 300k+ views on story per snap worth 12,000? Posted: 30 Jul 2019 01:28 PM PDT I want it to start up my ecommerce/shopify but the person wants $12,000. I never owned a stat snapchat only instagrams. Are they really worth this much? Audience is mostly female so I would have to sell merchandise for women mostly and accessories. [link] [comments]  |
| How can I make money from instagram? Posted: 30 Jul 2019 01:19 PM PDT Just made an account in my niche and was looking for to DM someone about this niche and tips to grow and make money on instagram. For context purposes I post everyday 1 video. I got 300 followers in 2 days and got a famous page to post me which got me those followers. Would appreciate the advice! [link] [comments]  |
| Should I do what I love or what I know best? Posted: 30 Jul 2019 12:46 PM PDT Hi all, Where's the line between doing what you love (for me game dev) and doing something you know well and can likely succeed on way fast (web dev). Gary Vee had a really good point about doing what you love leading to more success because you'll work harder, but I'm curious what everyone else's opinion is. I hear so many things about game dev being extremely saturated and hard to make money in and I know and have made very successful websites (for other clients, now I want to make my own potentially), but I'd definitely enjoy game dev more. [link] [comments]  |
| Business/entrepreneurship podcast recommendations? Posted: 30 Jul 2019 11:38 AM PDT |
| Regarding branding and content creation Posted: 30 Jul 2019 10:08 AM PDT I've finished designing my new product and will begin generating leads and do some market tests now (yes i know the order is skewed) that i hope will end in a Kickstarter. However i could use some advice about branding, my issue: I have a name for the product that i think is perfect, but i'm unsure whether it's smartest to name the social media accounts and website the name of the product, or a brand name. On one hand naming all accounts and website the name of the product will make it easier to market this one product as it's a really catchy name, but on the other side it can get awkward to move the customers if i want to make more products that doesn't share the same name. I seen both models used, but i'd like to do it correct from the start. What do you think? [link] [comments]  |
| Self-Made Millionaires Wanted for Interviews ! Posted: 30 Jul 2019 09:58 AM PDT Seeking Self-Made Millionaires who want to "give back" by sharing their stories. An opportunity to put what you've learned onto video - and help others by sharing your knowledge. Do you have a good story and/or knowledge that can help others? Send me a message for more details. [link] [comments]  |
| I need a pick me up - I feel defeated Posted: 30 Jul 2019 09:58 AM PDT Business is tough. If it were easy, everyone would be doing it. Today has been one of those days where I feel after months of doing 10 hours of work a day I'm feeling defeated. It really feels like I'm not getting anywhere. It feels like a slog. I run an e-commerce focussed marketing agency. I don't have the budget to run paid ads as I would do for my customers so I've had to learn sales and do outbound sales in the form of cold calling and email marketing. Don't get me wrong, I've really pushed my self and got out of my confirm zone as I lean more towards introversion. I've learned so much on how to overcome the fear of rejection and how to get past the gate keeper, on how to write a sales script, how to build a compelling offer and how to use NLP to get people to talk to you when your calling cold. The journey has been valuable but it feels soooo slow and unrewarding. What do you do or think about to keep you going? What do you do to prevent yourself from burning out when the goal seems so far away? Or could it be that the market is too saturated? [link] [comments]  |
| How to Write a Business Proposal - Step-by-Step Guide Posted: 30 Jul 2019 09:46 AM PDT Writing a business proposal requires that you convincingly articulate your understanding of the potential client's problem, as well as the reasons your company is the best choice. There are certain elements that are always necessary. The following three things are what the recipient will be looking to glean from it:
The example takes you through a social media agency proposal but the basic structure applies to just about any business proposal: How to write a business proposal (The modern way) [link] [comments]  |
| Best place to find freelance writers? Posted: 30 Jul 2019 01:17 PM PDT I've tried upwork and it's ok. Wondering if there are any better sites for finding good technical writers specifically. [link] [comments]  |
| Starting an English tutoring business in Shanghai China Posted: 30 Jul 2019 01:12 PM PDT I know the demand over there for this type of service is extremely high but does anyone here with experience running a business in China let me know what to expect? A pros and cons list would be excellent! [link] [comments]  |
| Resources for scaling a business - help! Posted: 30 Jul 2019 01:02 PM PDT Hey Everyone, I own a company that operates in two states and is rapidly growing. I started this company myself a year ago and while everything has worked out great I'm starting to feel the lack of knowledge I have. I'm looking for books or other resources that I can use to build a basic curriculum for myself. Topics I'm thinking are: business plan writing, organizational structure, franchising, and just generally scaling a buesiness. My biggest interest being organizational structure and franchising. Business plan wise, we have a good one but it could always be better. Do you have some good recommendations for books/resources and additional topics? [link] [comments]  |
| Entrepreneurs: Do you use a Mac or Windows based PC? Posted: 30 Jul 2019 12:50 PM PDT I've used a Mac for the last 10 years but am considering going windows. [link] [comments]  |
| Where do I get started if I want to produce my ow SHIRTs. Posted: 30 Jul 2019 12:48 PM PDT I have ideas for shirts that I want to start making. Where do you start with clothing. Making designs and contacting Alibaba suppliers?? [link] [comments]  |
| Posted: 30 Jul 2019 12:24 PM PDT |
| Whats a great computer skill I can learn and start my own little service in a few months? Posted: 30 Jul 2019 02:30 AM PDT Im thinking maybe Excel, or Wordpress, or Premiere Pro, Instagram Marketing or something else. Whats a skill I can learn and practice to get pretty good at, that I can start looking for clients and charge say $10/hr to start, then grow as time goes buy? [link] [comments]  |
| Financial entrepreneur Ruzbeh Bacha sums up 5 years of financial API City Falcon Posted: 30 Jul 2019 03:08 AM PDT A month ago, apparently, City Falcon celebrated 5 years of FinTech Entrepreneurship: [link] [comments]  |
| Brands that convey 'roles' or 'emotions'? Posted: 30 Jul 2019 11:46 AM PDT For example Apple is a brand of intimate experience, innovation, luxury. That is its core vision, but within the subplot are ads on safety (unhackable software, ads on family safety), future changing/support underdog (commercials on childhood) and 'joy' (apples ipod commercials and different ads). A person can have luxury and feel sophisticated. Or choose to see the brand as supporting the future/underdogs, fun/joy. How can a person create these narratives + make it crystal clear, how much subplots makes it too confusing? [link] [comments]  |
| Free macro text expander with cloud sync Posted: 30 Jul 2019 11:46 AM PDT I'm looking for a free and cloud sync enabled macro text expander. At work, I often have to type identical sentences for different clients and it would save a lot of time to have a macro shortcut that will produce a chunk of text quickly. I also need it to be synced across multiple computers. Meaning all computers will have the same macro data base and if I make changes on one computer it's reflected on all computer. Thank you guys for your help! [link] [comments]  |
| Looking for a Tool for my Business Posted: 30 Jul 2019 11:41 AM PDT I am looking to offer at subscription service at my company that involves me sending subscribers a daily text message with a workout for them to do. The issue I'm running into is I cannot find a service that can manage subscriptions as well as collect phone numbers for the mass texting list. I've found mass texting services but I have to collect phone numbers and upload them to the list from a separate service. The problems with that are that I would have to collect subscriptions through one service and phone numbers through another so my customers could end up paying for the service and not receiving it. The other problem rises with people canceling the subscription. I would have to manually go in to the mass text system, find their number and remove them each time. I'm expecting a minimum of 2500 members in the service so that's just not realistic. Does anyone know of a service or tool that allows me to collect subscriptions, phone numbers and send mass text messages from the same place? The service would also need to be able to handle cancelations and automatically remove the persons number from the list. Thanks [link] [comments]  |
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