Wantrepreneur Wednesday! - (October 02, 2019) Entrepreneur |
- Wantrepreneur Wednesday! - (October 02, 2019)
- In case you didn't know, I give out free copywriting advice every week to entrepreneurs. No selling, no promo, no BS. I'd love to have you on board.
- 5 Service Based Businesses that can Generate 1 Million a Year
- On shows like shark tank, why would business owners need money from the “sharks”?
- How We Built a Botanical Beauty Store and became Unintentionally Known For Our Wrapping Paper
- Keep your skepticism with companies that tell you first thing that they're not pyramid schemes.
- Where are you guys based?
- Has anyone created a business based around 3d printed objects?
- Startup ideas graveyard
- Does anyone have any advise for door hanger marketing.
- Starting up a Website and need some advice
- Does making more connections with others really help push my Linkedin profile over the SERPS?
- How do I create that extra push to get starting on the things I kinda wanna do?
- Take a step on video-communication
- Creating an LLC
- What do I classify my business as? (Photo, Video, Websites, Apps)
- Postable.me Rant Review - Lifetime SAAS Deal
- Has anyone here built a Saas business without coding, how did you do it?
- Started a website B2B company
- BigCommerce VS Shopify
- Got a cybersecurity or risk management question? Happy to help!
- Anyone need help setting up a shopify store? :)
- I am thinking of investing on a laundry app. What are your thoughts on those?
- From Minicuffs to Lavish Pods
- Looking for Tips on Leasing Commercial Space
- Want to hire a relative part time. How should I handle the setup for the highest overall good for us.
| Wantrepreneur Wednesday! - (October 02, 2019) Posted: 02 Oct 2019 06:10 AM PDT Please use this thread to ask questions if you're new or even if you haven't started a business yet. Remember to search the sub first - the answers you need may be right at your fingertips. Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Posted: 02 Oct 2019 08:57 AM PDT Hello r/Entrepreneur. Some of you may recognise me from the occasional copywriting posts that I share with this sub. Well, I've started a newsletter that emails out actionable and proven copywriting advice that you can start applying to your business straight away. I even offer out personalised advice totally free of charge to anyone who asks. One redditor recently described the emails as "fucking awesome", which was nice. If this sounds good to you, click on this link: https://www.jamesthecopyguy.com/ and enter your email address. In return, I'll never spam you or try to sell to you. You'll get a welcome email, your first piece of advice tomorrow, and then subsequent emails every week thereafter. [link] [comments]  |
| 5 Service Based Businesses that can Generate 1 Million a Year Posted: 02 Oct 2019 01:31 AM PDT This is a list of 5 businesses I have chosen specifically because it like the industries, they have relatively low barriers to entry, good margins, and large industry sizes. I break down the mystical million dollar a year mark into smaller, more digestible chunks to make it much less daunting. There's a ton of information here, so if you'd rather watch it please join me at https://www.youtube.com/watch?v=tjJ3K9fYQ34 Note: my experience is in building my household goods moving company to 1.8 million in sales annually as well as a experience in building and selling pool routes. 1. Carpet Cleaning - This is an industry I like a lot because it's easy to get into and there are some large players in the field meaning it is possible to scale and grow large. With an average starting cost below $1000 for a used cleaner, basic chemicals, and marketing materials the barrier to entry is extremely low. The average residential carpet cleaning job is $250 with an average of $51 per room cleaned. In order to make $1,000,000 a year you need to do 4000 cleaning jobs annually or broken down further to 333 jobs per month OR only 11 jobs per day. 4000 a year sounds a bit daunting but when broken down to only 11 a day it seems much more doable especially when this can be done with only 2-4 crews out. With commercial carpet cleaning the potential to earn is even higher due to the sheer size of office spaces and necessity to get cleaned on a regular basis. The average commercial price is $0.15-$0.20 per square foot. A large office at 40,000sqft would come out to around $6,800 per job or smaller offices at around 2000sqft earning around $340 per job. Commercial, however, will require higher levels of insurance and barriers to entry. 2. Pool Cleaning and Servicing - This is an industry that's very near and dear to me because it has treated me well in the past. The price to start is also quite low at around $1000 for your basic tools (pole, net, hand vacuum, etc.), chemicals, and marking materials. The beauty of a pool cleaning business is the regular clients who pay you monthly for your services and as a cleaner you get the first call when it comes to all repair work and larger jobs needed at each pool. The average price per pool is $100/mo. It would take 500 clients to hit that magic $1,000,000 a year mark ($600,000 from cleaning and $400,000 from repair work). 6 billion a year industry size. 3. Restoration Company - I'm a BIG fan of this industry because it's not going anywhere anytime soon. I read a stat online that 14,000 people every day in the US experience water damage and the industry size for restoration is $210 billion annually! This business is more expensive to start that the others at around $12,500-$16,500 on the low end. What you will need to start includes a contractor's license, certain certifications such as mold certs, equipment and air movers, and marketing materials (depending on which work you plan to do yourself and which work you plan to contract out). The average job size in the industry is $13,000 meaning you only need around 77 per year to hit $1,000,000 annually. 4. Closet Design and Construction - I like this business because of high ticket price, you get to use creativity and build something nice, there isn't a massive barrier to entry compared to job size, and the industry size is $10 billion annually. The price to start on the low end is around $15,000. You will most likely need a contractor's license, tools, training, and marketing materials. With an average job size of $3000-$5000 it only takes around 275 jobs a year or 25 a month to reach $1,000,000 a year. 5. Home Inspections - I like this business because it's cheap to get into, the job price is high for the amount of work needed, and inspections are required for most home sales. This business can be started for around $1000 with training that can be completed online for around $700, basic tools, and basic marketing materials. The average job price is $300-$500 and several jobs and be done in one day by one person. Around 2,750 inspections are needed to be done annually, 220 a month, or 8 a day to hit that magic million dollar mark. [link] [comments]  |
| On shows like shark tank, why would business owners need money from the “sharks”? Posted: 01 Oct 2019 04:54 PM PDT I'm referring to the entrepreneur that comes in with a full functioning business that has millions in sales already. Why would they be willing to give 10%-30% of their business for $200k-$500k? Why wouldn't they get a loan from a bank or just save up for a year and use their own money? [link] [comments]  |
| How We Built a Botanical Beauty Store and became Unintentionally Known For Our Wrapping Paper Posted: 02 Oct 2019 02:29 PM PDT I had a previous business that manufactured bath & body products, but I wanted to expand our available range and I knew I could not physically make all the items we wanted to feature. The idea of selling other small batch handmade brands alongside mine made sense, so I moved into a new location on 55th street in Seattle and called the boutique Formulary 55. When I opened Formulary 55, I already had a pretty hefty mailing list from my previous bath & body company, Sweet Petula, so our first few sales came from past shoppers. My idea for Formulary 55 didn't come overnight. After realizing I was a little bit burnt out on making 100% of what I sold, I started exploring the idea of selling other small batch beauty brands that I was interested in and impressed by. Starting a business that allowed me to not only sell my own line, but others that had similar values, too, just fit in so well with what I was passionate about. Who wouldn't want to sell gorgeous pampering products all day long? Who is your target demographic? We often get inquiries about where we buy the "paper" that we wrap our products in from other makers and manufacturers, which I think is so odd. We don't use stock paper or mass-produced labels—everything is designed for us by us. This is a recent one, word for word! "I know I asked you a few years ago about your wrapping paper but I'd forgotten what you told me. What kind of paper is it you use and you said you print it out. Do you use just a regular printer or a laser printer and do you design it on photoshop? What's your process?" How did you fund the company initially? Do you have any tips for hiring employees? Now, I just think it's a normal part of doing business. My partner/husband and I also have a go-to saying when something goes wrong: "This is just a problem to be solved." It always puts the issue into perspective. For those just starting out, I would say follow your gut. Design your brand and your vision on your own without getting a bunch of feedback from others. Don't shop around Pinterest for ideas or see what is trending in your markets too much. Figure out your niche on your own and go for it! A lot of our sales come from email marketing. We also do a few trade shows here and there—NY NOW being our favorite. Doing trade shows allows us to meet retailers (the main customers of Formulary 55) and really get an idea of what shoppers are looking for. We have grown so much in the past few years (around 20% each year since the company started) that we are really just "holding on for the ride" at the moment. We currently manufacture in around 1,800 square feet and are in the process of moving into a 6,500 square foot facility at the end of this year. Having more space will really increase our productivity and allow us to grow faster. Right now, we can't even really fit all the materials we need to fulfill our orders, so a lot of time is spent shuffling goods and supplies. How do you protect yourself from competition? What are the top 3-5 apps your business could not run without? Instagram and Facebook are also valuable tools for our business. Instagram brings in a lot of new retailers while Facebook draws individual shoppers to our site. This year we launched quite a few new products, and they are just now hitting our shelves. If you enjoyed this story, the original is here. [link] [comments]  |
| Keep your skepticism with companies that tell you first thing that they're not pyramid schemes. Posted: 02 Oct 2019 02:21 PM PDT |
| Posted: 02 Oct 2019 01:02 PM PDT New York for me. East Harlem. I learned that building groups in real-life makes a big impact as far as productivity. Maybe we can all grab a cup of coffee one day. Edit: Goddman, we are the most diverse group I ever heard of. I assumed everyone was NY, LA, or Britain. [link] [comments]  |
| Has anyone created a business based around 3d printed objects? Posted: 02 Oct 2019 02:50 PM PDT I know many places use 3d printing for prototypes and the like, I am wondering if anyone has created and sold full fledged 3d printed products? I was considering doing so with things like cupboard handles and such. Any input is appreciated [link] [comments]  |
| Posted: 02 Oct 2019 10:14 AM PDT Hi Reddit entrepreneurs! Some say entrepreneurship is about failing .. fast .. Can some of you tell us about this one idea you had that you thought would turn you into a millionaire but instead customers didn't really buy it? Thanks for letting us learn from your experience. [link] [comments]  |
| Does anyone have any advise for door hanger marketing. Posted: 02 Oct 2019 12:23 PM PDT We are a home improvement company starting our fall and winter campaign. We do some canvassing year around. Never tried flyers before. I have found that door hangers cost about 4 cents each. We will start with 5,000. Any advice? [link] [comments]  |
| Starting up a Website and need some advice Posted: 02 Oct 2019 02:46 PM PDT Hello Entrepreneurs, I'm about to start a website with the purpose of generate some passive income via Adsense. For the moment, i have some budget in mind and since i live in a country where the expenses are quite low compared to other First world countries, i could save some money for investment. For the moment, this is my idea: Pay a SEO expert to find a niche with low competitive market for easy ranking in search engines (via Fiverr or Upwork) Pay some redactors to fill the page with content. SEO included. I'm not thinking of earning 1K or so, but could this work for just 100$ per month in 6 months or so? Would like to see your opinions. [link] [comments]  |
| Does making more connections with others really help push my Linkedin profile over the SERPS? Posted: 02 Oct 2019 02:16 PM PDT Was going through this 4 Ways On How To Use LinkedIn For Business Success article cause I needed some tips on how to get more leads on my profile. In one of the points in this article where it talks about improving the profile's SEO, it states that one should follow up on attended events and connect with a lot of people and this thereby can help in improving the visibility of the profile on Google. Does it really work this way? [link] [comments]  |
| How do I create that extra push to get starting on the things I kinda wanna do? Posted: 02 Oct 2019 07:55 AM PDT I want to move out of my parents house. I want to get my invention manufactured and sell it on amazon. These are things I kinda wanna do, but I'm too comfortable where I am. How do I create that extra push? Do I hire someone on Craigslist to yell at me? [link] [comments]  |
| Take a step on video-communication Posted: 02 Oct 2019 05:02 AM PDT More and more social networks rely on videos. One of the most successful startups in the world — TikTok — where exclusively videos are uploaded is a great inspiration. In addition, new apps such as Houseparty, where people discuss everyday things in live video rooms, are constantly appearing. Videos enjoy more and more growth — especially among the younger generation 💪 But why videos? 📹Very simple: The participants can see and can be seen 👀. Any distance will be removed. Since personal interaction is generally the most effective, videos can be a great alternative. Following the motto:
Often we have a problem reading emails or text messages: The emotions are missing! Who hasn't experienced the problem of writing to someone who doesn't use emojis at all, while you're trying hard and enriching each line with one of these buddies: 😂😭😍😎 Texts are extended by Emojis by emotions, but are usually tooooooo long and boring. Therefore two questions to you:
I can tell you one thing: Young people have less and less desire to read long texts, the abbreviation tl;dr (too long, didn't read) does not appear on the Internet unnecessarily. More and more voice notes ♫ are being broadcast by WhatsApp and co. Or generally other media such as Snapchat are used. The advantage there is that you can also simply send a short videos and freely design them 👩🎨 What do companies benefit from using videos? 📈👍🏻 Videos make communication feel more realistic for everyone 🏡 It will allow your employees to work more often remotely, which is proven to improve productivity and mood (we'll write the next article Future work is remote work about that) 🛠 Furthermore, your customers can participate and get involved in your way of working 🏃 Freelancers can also be integrated into the group more quickly and work more flexible 🔄 The bottom line is that all parties stay in sync 💰 All of this not only saves you time but also money due to the geographical and temporal independence
Further ReadingGeneration Z
Video communication Remote work Let's discuss! [link] [comments]  |
| Posted: 02 Oct 2019 01:43 PM PDT When creating an LLC, I understand that the cheapest way to do it is to fill out the information and bring in the paperwork yourself. I was just wondering if there was a way to do it in another state without any technical location in that state to put as your home office. So if I wanted to do Delaware, I could do so from my state of PA. [link] [comments]  |
| What do I classify my business as? (Photo, Video, Websites, Apps) Posted: 02 Oct 2019 07:32 AM PDT I'm in the process of setting up my freelance business with hopes of expanding one day but for now it will be only me. The business will provide photo and video services along with website and app development along with design. The issue I'm having is that I'm unsure of what to call this and what I say to people when I tell them what I do, or what would go on a business card. I want it to be clear that I can provide the entire round of services to a client such as making their site and populating it with content (photos, videos, logos, etc) as well as making them an app. I've thought about just saying "Digital Content Maker" but this doesn't fit because photos are often physical prints, I won't only be creating them for online-only viewing. What are your thoughts on this? How should I market myself so it's clear what I do when I tell someone. Thanks! [link] [comments]  |
| Postable.me Rant Review - Lifetime SAAS Deal Posted: 02 Oct 2019 01:19 PM PDT Hello everyone, Rant ahead! Many of us entrepreneurs use various digital tools and I wanted to make an honest review regarding one that i've stumbled upon. It's called Postable and had a lifetime plan deal on stacksocial. Being the saas nerd I am I purchased it. I haven't really used it for the first couple of months but decided in the beginning of August to give it a try. What it should do is:
As you can already guess this was not the case. Posts would constantly get "failed" schedule status, the auto-engage didn't really do anything, masslooking only returned errors. The giveaway I have not yet tried. Maybe the problem was me. That is why I've wrote their support...13 tickets? None of which got responded in 1 month. Then i decided to write a detailed review on their Facebook page...just to see reviews have been disabled 1 hour later. I of course asked them on messenger why did they deactivate them, was the issue in me and not the service. The cute response was: Hi Alex, You brought up some points in your review which aren't quite correct, Here's some notes below. We've developed 15+ additional modules ontop of the Nextpost codebase, The proxy system has been overhauled so you can get Residential proxies on-demand, We've made countless improvments to the API. Instagrams changes to the API have left the initial codebase un-usable, These changes effect every third party using the MGP25 API. Here's the current list of problems arising from the changes IG is making: Failue to authenticate 2FA Accounts properly (API has been updated on the 20th to help with this and we've provided steps on how to bypass it using Google authenticator) Follow Blocks - These are stemming from the new "Firewall" Instagram has been implemented, since most third parties are using an android emulator they've made the filtering process to sending requests to their android API a lot stricter and in turn a lot harder to reverse engineer - every single third party is facing this issue. We're currently working on bringing the WEB API to postable to make the automated following and liking possible again, This is a time consuming process. Failure to Post/Re-Authenticate, We've had steps to resovle this issue since they came up. We're a two person team, Postable isn't a business venture it was simply a way to provide what Nextpost did and more at an affordable price, I urge you to look at what would be our "Competitors" If you would prefer to be paying $39 Monthly for something with the same issues, No additional work done on them and no Residential Proxies you can be my guest. I would rather have the WebAPI finished and the above issues smoothened out rather than keep sending excuses in chat. Since we use Postable on our accounts personally I gaurantee you it'll be here next time you check. quote: We're a two person team, Postable isn't a business venture it was simply a way to provide what Nextpost did and more at an affordable price, I urge you to look at what would be our "Competitors" Oh boy, how I love a business saying that I should look at their competitors. Or saying it is not a business venture after charging me money. Once again, I tried to explain that I simply want a working service, and not something that far-fetched actually - I simply wanted my scheduled posts to get...well, posted. I didn't care about the other fancy stuff. That's when the ignore started. 0 responses ever since. Couple of seen's here and there. And that's why I've came to write this here. Before I made my purchase I couldn't find any reviews. I still can't. But now there's this one. And in the future I will make sure to keep a track of the folks who made the software, test every "non-business venture " they make and honestly review it. tldr; postable is sh*t, try something else [link] [comments]  |
| Has anyone here built a Saas business without coding, how did you do it? Posted: 02 Oct 2019 01:07 PM PDT Hi everyone, Has anyone first hand built a Saas business without coding the software yourself? If so how did you do it? Was all the development outsource or is there some system software that was used to develop the Saas business with knowing how to code? Thanks In advance [link] [comments]  |
| Posted: 02 Oct 2019 09:20 AM PDT Hi folks, Just wanted to share/ gain some advice, I started a B2B website company about 40 days ago and have had two clients so far that I created a website, monitor SEO and collect a monthly cost for hosting/edits. These two clients I gained from just knowing the owners and loved doing this and really want to grow this to a full-time gig. I figure with the upfront higher cost then the reoccurring monthly it should be incredibly possible. So here are my questions:
Or all three? Lol. Any ideas/advice in this space would be a great help! [link] [comments]  |
| Posted: 02 Oct 2019 12:02 PM PDT Who in here has created an ecommerce store? I'm down to my 2 final options. What do you use and love/hate about it? [link] [comments]  |
| Got a cybersecurity or risk management question? Happy to help! Posted: 02 Oct 2019 12:00 PM PDT Hey r/entrepreneur community, I'm a pretty active "lurker" on this sub and have seen a lot of people give back in the form of their areas of expertise. While the venture I am pursuing, an options research/analysis platform, is largely unrelated to my day job...I figured my day job is something a lot of people seem to have questions about! I am a cybersecurity analyst with broad expertise in risk management, IoT(spoke at a large IoT conference recently),cloud security, app security, vulnerability management, compliance(PCI, GDPR, etc). I have helped or led deployment of enterprise-scale programs in each of the topics above except compliance(though I am a technical SME for compliance, esp. PCI). Happy to answer any questions in regard to data/cloud/app/IoT security, risk management, compliance, vulnerability management or most other security/IT topics! [link] [comments]  |
| Anyone need help setting up a shopify store? :) Posted: 02 Oct 2019 07:45 AM PDT |
| I am thinking of investing on a laundry app. What are your thoughts on those? Posted: 02 Oct 2019 03:37 AM PDT Its a franchise. Its a laundry and what distinguishes them from other is that they have an app. You select the service you want on the app, then someone goets your clothes at your door and deliver it 48 hours later. Or clients can also just go the store and use it as a regular laundry What are your thoughts about this service? do you have it where you live? do you use it? Do you think it can be successful? Thank you for your time [link] [comments]  |
| Posted: 02 Oct 2019 10:39 AM PDT Hi guys, ever since our last post 9 months ago we received tons of great feedback regarding my daughter's minicuffs wraps for the airpods. Unfortunately we had to scrape everything and reboot with a better design. This time we went with an actual jewelry piece so off to the drawing board we went and after many iterative designs we finally created something truly spectacular for the airpod. Through the aide of 3D printing and lost wax casting we created a special line of sterling silver earrings called "fins" that slides onto your airpods. We do have a Design and possibly a utility Patent in the works so its Patent Pending for now. You can check our designs at www.lavishpods.com any critique is welcome and again thank you guys for your time and knowledge. This has been an uphill battle and we won't give up! Entreprenuers for life! As a footnote, we saw some startups copying our minicuffs concept. Competition is always welcomed. :) [link] [comments]  |
| Looking for Tips on Leasing Commercial Space Posted: 02 Oct 2019 06:41 AM PDT My wife and I are looking looking for a small commercial space and I was hoping the Reddit Hive Mind might have any tips or recommendations on leasing space as this is the first time for us. Thanks in Advance! [link] [comments]  |
| Posted: 02 Oct 2019 10:18 AM PDT I have a small business (California) which isn't very profitable but it runs. I need some help with lifting boxes etc and my nephew is interested. The pay would be about $1000 a month and he'd be there about 8 hours a week. I want to set it up so it would be greatest overall good for both of us. Should I just pay him the $250 a week cash? Hire him as an employee? Contract work? What about his taxes? Our tax deduction? He doesn't work anywhere else. I'm new at this. Any help would be appreciated. [link] [comments]  |
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