Accomplishments and Lesson Learned Friday! - (November 01, 2019) Entrepreneur |
- Accomplishments and Lesson Learned Friday! - (November 01, 2019)
- Provide value to humanity.
- Shopify is down right now!
- Hit 200 orders after almost 3 years.
- New sub for entrepreneurs looking for passionate professionals from all disciplines to for long-term teams to make things actually happen. r/Crowdspark
- Abundance vs Scarcity Mentality: Why you should stop trying to protect your ideas
- I am Designing and Developing Websites and Online shops for businesses !
- Formula for a great ad for your product
- Online Gaming Idea
- what do you do when everything you think of is already created?
- For those of you who use Instagram paid advertisement to grow your page
- What are some good isp and cell service startups?
- Does anyone own a marketing company or do marketing consulting?
- Where is the ‘sweet spot’ for scaling a brand new business?
- What are the best tools and platforms to grow traffic to your website?
- Marketing companies that are paid on commission only?
- Custom Embroidery Patches/ Digitizing and Screen Printing
- Best Books that people should read if they are wanting to be a multi millionaire?
- During my holidays got to know Italian dress shirt manufacturer. Considering starting a men’s clothing brand. Need feedback in the idea and execution
- How to find manufacturers?
- Unbelievably comprehensive e-commerce guide for those thinking about starting a dropshipping store
- Startup (apparel) business debacle; how do you handle customers who promised to pay their purchase in the future?
- The case against making apps.
- Making a pretty niche service app Week 1: Making the APP as a I learn to code
- A little side project link building experiment
| Accomplishments and Lesson Learned Friday! - (November 01, 2019) Posted: 01 Nov 2019 06:13 AM PDT Please use this thread to share any accomplishment you care to gloat about, and some lessons learned. This is a weekly thread to encourage new members to participate, and post their accomplishments, as well as give the veterans an opportunity to inspire the up-and-comers. 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: 01 Nov 2019 03:54 AM PDT The purpose of wealth is freedom. If you are 18 years old and read this, or if you are still a young adult chasing your dreams and maybe success, well, probably success, let me be clear: Seek to provide value to humanity. This will be the gold that you carry to your grave. This will be the treasure that no governments, no regulations, no banks, and no divorce, will ever be able to take away from you and the rest of the world. By providing value, and making that your objective, you run the risk of making money along the way. It will be a side-effect. A mentor once told me this and it really changed something in my mentality. Where I used to seek to provide products, now I seek to help people. Who know's where it'll go, but it feels so much more right. Just wanted to share this with you all. Out. JP UPDATE: I'll share a short stories with you all. I feel this is a casual post, and maybe we can all turn down the knob of pretense for a point and come as one community. I wish we could all be together around a table with beers, it'd be epic! Anyway, here's a short story on the wealthiest man I ever met. At a point in my life, I was in remote and non-touristic part of Ecuador. I stopped with my Jeep somewhere to grab a nice shot of the Jeep in an epic scenery. As I was climbing back, this man – this man far away– starts running towards me with the biggest smile I ever seen. He spoke a tiny bit of english, and invited me to have a piece of cake at his bakery. I obliged. He started this small bakery to support his daughter's future education. This man... this man had a heart of gold. He first REFUSED that I pay for whatever I wanted. He was just so happy, so happy, to have a Canadian in his shop. I ended up paying him (of course) for cakes (I bought way too many for a single man) to support him, but I think about this old man every day, for the last 900 days: he gave me more than cake: he gave me the gift of the power of gift economy. He had a small business – but he actually built himself an empire built on kindness and greatness. He enacted on the greatness of his character to deliver something of value to the world, through the education of his daughter. It was not THE WHOLE WORLD, but it was for ONE human being. He won't ever be a billionaire, but he's richer than most folks I ever met on Earth. Carl Jung said that people don't see god because they don't look low enough. Exactly. [link] [comments]  |
| Posted: 01 Nov 2019 10:50 AM PDT I'm a web designer and was just bombarded with customer emails complaining their site was broken - all of Shopify's customers have been affected. Thought this might help anyone who is confused about their own stores. It looks like they had a huge surge in traffic due to a product partnership by Jeffree Star and Shane Dawson..... [link] [comments]  |
| Hit 200 orders after almost 3 years. Posted: 01 Nov 2019 08:07 AM PDT I have an embroidery based business making custom patches that I just hit a really big milestone for me with. There were months that dragged that I wanted to give up when workflow was slow, when all my marketing went wrong, when I had to realize I couldn't be charging peanuts for more orders, when I put my foot down and started firing customers before they even became a customer because I smelled trouble. Anything is possible. You need to work hard and probably starve a little for awhile. The reward of being able to provide something to the world that people will pay you for is better than anything a lot of people imagine. [link] [comments]  |
| Posted: 01 Nov 2019 09:06 AM PDT Hello Everyone, There is a real need for a free public forum where entrepreneurs and founders and can meet up with the passionate professionals they need to form lasting teams/relationships and make things happen. I don't mean a freelance site or people looking for odd jobs, but rather a place where you can find the people you need who are actually passionate about your idea and are dedicated to it and in it for the long-haul vs. a quick payout. Some of us in the reddit entrepreneurship community decided to create a new sub, r/Crowdspark just for that. It is a dedicated forum to try to find the professionals you need to actualize your ideas. Looking for a lawyer, a marketing professional, a strategist, an engineer, or whatever? The idea is that you can pitch your idea to the community, say what you are looking for, and find interested people. Simple. It isn't a place so much for to seek advice or guidance, that is what this forum is for. Its strictly an open place to make contacts and find the people you need. Check it out. r/Crowdspark Thanks! [link] [comments]  |
| Abundance vs Scarcity Mentality: Why you should stop trying to protect your ideas Posted: 31 Oct 2019 10:42 PM PDT Hi /r/entrepreneurs, I see a lot of posts from young entrepreneurs how they can protect their ideas from potential clients, partners, and cofounders. I know I sound like a broken record repeating "A billion dollar idea without execution isn't even worth a buck" but there's actually a lot more to it than that. AT the end of the day though, the risk of sharing your idea is less than the lost opportunity of keeping it to yourself. Do you know the difference between Scarcity and Abundance Mentality? Someone with a scarcity mentality is focused on what they have now and not losing it. Someone with an abundance mentality is looking out for what there is to gain. At the end of the day, its really hard to grow quickly with a scarcity mentality. Here's how the difference can play out. Someone with a scarcity mentality might not invest in ads because its out of their budget right now. They are worried that they might not convert (You convert 0% of the ads you don't run) and are focusing on the potential waste. I've even seen entrepreneurs sink about $150 into like 20 clicks and then give up when they don't get any sales. Someone with an abundance mentality is focused on the value they are creating - even when the ads don't convert, they are still learning about what their target customer is interested in, how they are interacting with their site, and what keywords are more valuable. When they run ads next time, they'll be even better. From the sales perspective, a salesperson with a scarcity mentality will spend more time talking to less valuable/likely leads. They will be afraid of losing the deal and might take deals that are not as good for fear of not getting the deal at all. A salesperson with the abundance mentality is willing to ignore junk leads and focus on finding promising new business. They'll ultimately drive more growth because instead of trying to get as much of the pie as they can (optimizing close rates) they are focusing on making the pie as big as possible. This in turn creates more opportunities both for themselves and even other sales people. And when it comes to ideas it's the same way. You need to be able to see the value in what other people can provide your ideas and not focus on the risk of them taking your idea and running with it. To be totally honest, I have not once in my entrepreneurial career actually met a person that had their idea stolen and then executed on. Nobody is going to spend 10 hours a day for 2 years to steal something you elevator pitched. Quite frankly, your ideas aren't THAT good. What they will do is give expert feedback - especially if they are industry experts - and they might even network your idea and expose it to other people who in turn continue to add value. Eventually that idea will come back to you and if you have the passion and unique insights to carry it forward this networking of your idea will only add value. For my products, most of the great ideas that really make it work come from my integration partners (products I integrate with). Someone with a scarcity mentality would be afraid to approach these companies for fear that they will just steal my idea and make it a feature in their product. But if I approach them with an abundance mentality it becomes clear that they don't actually want to do that because there is so much other value to create in their products. They don't want to lock themselves into their own feature that isn't a top priority for them when the alternative is letting me adopt that feature as my core value while they focus on theirs (and others). Together we can provide a more valuable solution to their clients than they would be providing alone. Think about it... industry experts and owners of products that I want to share a customer base with are giving me feedback about what their customers want. They are aligning the stars for me and showing me the way to go that will give me access to their customer base and this would never happen if I tried to hide my idea from them. I had to put it on the internet and stick my hand out to say hello (sometimes for over a year) to get them to acknowledge it. But now that I gave them the opportunity to add value to it (and in exchange get value in return) they are growing my product and my ideas faster than I could myself. And if you still don't believe me, I'll leave you with one final fact. Y-Combinator, the leading startup accelerator, published data about how much money founders made compared to how much of their company they controlled. It turns out that founding teams who owned less of their own equity made more dollars during an exit. That's because, as long as you have the right people, adding more people adds more value. You're probably not the best at everything but if you teamed up with the right 2 or 3 people and shared your idea and got them onboard you might collaboratively be great at most of the things you need to make it work. And that's all it really takes. So share your ideas. Especially with the people that you're most afraid of stealing it. It probably sucks anyway and they will most likely add a ton of value to it. And if it turns out you have a great idea they won't steal it from you, they will want to work with you towards achieving it. You really have nothing to be afraid of, you will be amazed how much the universe can conspire on your side when you're not scared to put your hand out and introduce yourself. [link] [comments]  |
| I am Designing and Developing Websites and Online shops for businesses ! Posted: 01 Nov 2019 11:34 AM PDT Hi, I am a designing and developing Websites and Online shops ( Ecommerce stores) for your businesses. I am currently an IT student and this is my part-time job. I have been designing websites mostly as part of my studies but I also have made a couple of them for some clients that I found here on Reddit. If you're interested about getting your business a website or an online shop, then please PM me and we can talk more. [link] [comments]  |
| Formula for a great ad for your product Posted: 01 Nov 2019 08:49 AM PDT 5 questions to answer:
A great ad is: 2+5, 2+5-4, 1+2+5, and 3-4+2 [link] [comments]  |
| Posted: 01 Nov 2019 01:49 PM PDT I used to play poker online back in the day and currently still bet on sports with a variety of different online sportsbooks. My idea is a bit different. My concept is to host an online gambling site where individuals compete in simple games 1 vs. 1 for money. For example, the site would host pinball, backgammon, snake, chess, minesweeper, and scrabble. It could be any game that is easily programmed and where the duration of the game isn't too long. My thought was to make the site crypto only. If you think about it there should be a community online where people can gamble on games for fun. What I would like to do is expand the platform so people can also make customized bets. In theory people could create their own bets for anything they want and gamble with their friends/strangers. Thoughts? Feedback? If anyone is interested in working on this project together let me know. I have money but have no skills with coding. Cheers! [link] [comments]  |
| what do you do when everything you think of is already created? Posted: 01 Nov 2019 01:12 PM PDT A few years ago I came up with this idea of having a wireless charging mouse . where the mouse pad is the charger and the mouse is the receiver that way you never have to charge the mouse again. Got some supplies and got the concept to work. Then boom, 3 months later after my prototype razer releases a product with the exact same concept. Now this year I had this idea for an app that helps restaurants reduce their cost. Today I came to find out that theres already a company thats doing the same thing, exact same concept. Although there not huge yet, they only have like 30 restaurants using there service. But it just hurts knowing that theres always someone ahead. Any advice for this. Should I continue with this idea or look for something else. [link] [comments]  |
| For those of you who use Instagram paid advertisement to grow your page Posted: 01 Nov 2019 01:11 PM PDT How much are you paying per follower or per link click? (USD) I try to aim for 0.15 - 0.17 per click And 0.50 - 1.00 per follower. [link] [comments]  |
| What are some good isp and cell service startups? Posted: 01 Nov 2019 01:02 PM PDT |
| Does anyone own a marketing company or do marketing consulting? Posted: 01 Nov 2019 12:31 PM PDT I am in the process of starting my own marketing business where I will offer website building, logo design, Google AdWords, social media, etc. I would love to hear from people who have done the same and have a discussion. [link] [comments]  |
| Where is the ‘sweet spot’ for scaling a brand new business? Posted: 01 Nov 2019 12:28 PM PDT I just launched a subscription box business a week ago, and I have 15 subscribers thus far. I haven't spent a penny on ads (or any other means of promotions) I just post to my brand new (very small) social media pages and that's it. I send my first boxes out on the the 18th of November. If all goes well and I don't have any issues (we can dream right?) I want to focus on growing this business. My goal is to have 1000+ subscribers eventually, I don't want to stay small forever. At the same time, I don't want to grow so fast that I can't keep up or deliver high quality boxes and great customer service (which is my priority). I've been warned that subscription boxes can get out of hand quickly because of the inherent recurring customers. It's just myself and my husband who are running the business right now. I'm open to hiring help when we need it, but I want to hold off on that for as long as possible to help keep overhead costs low. After these first boxes go out, if there aren't any issues, I plan to reach out to medium/large plant insta influencers and offer them a free box + affiliate code in exchange for reviews / exposure. My question is, how many influencers is too many? I can afford to give away about 20 free boxes each month. Like I said, I want to grow, but I don't want to explode. Thoughts? I'd love to hear any and all advice. I appreciate you guys, thank you! [link] [comments]  |
| What are the best tools and platforms to grow traffic to your website? Posted: 01 Nov 2019 08:34 AM PDT What are the best tools and platforms to grow traffic to your website? [link] [comments]  |
| Marketing companies that are paid on commission only? Posted: 01 Nov 2019 11:38 AM PDT Say you had a company that sells a product or service that can be easily linked back to marketing effort (referral links for example). Revenue from sales made is then split between the two companies. The marketing company would be taking a lot of risk but they can also vet who they work with and demand a larger cut. Is this feasible or any examples out there? [link] [comments]  |
| Custom Embroidery Patches/ Digitizing and Screen Printing Posted: 01 Nov 2019 10:51 AM PDT God Bless you all . We are a digitizing company working in the industry for the past 15 years. Our head office is based in Blaine, Minnesota , We have several offices in US and in other countries. We are specialized in custom digitizing and embroidery patches. We have sent millions of designs over to years. We have clients of over 30,000 active customers and are working some of the big chains in the market such as EmbroidMe Halo Branded Solution , American Business Solution etc. Custom Embroidery Patches. We have have 50 embroidery Barudan machines for our patch work. We sent thousands of patches every week to our customers world wide. We dont charge for any shipping charges in the most of the countries. We can have the capacity to make 500,000 patches or more in a month. So if one want some patches to be done or any other information. Please feel to contact me here or email me at [frank.usad@gmail.com](mailto:frank.usad@gmail.com) Thanks [link] [comments]  |
| Best Books that people should read if they are wanting to be a multi millionaire? Posted: 31 Oct 2019 10:09 PM PDT |
| Posted: 01 Nov 2019 10:15 AM PDT Hi entrepreneurs, The title +- tells the whole story. I have a contact in Italy who specialises in making high quality dress shirts. The prices and quality would definitely allow me to compete with brands like Charles Tyrwhitt or Brooks Brothers. I'd like to focus on 2-3 dress shirt designs, all white, so that the customer doesn't have to choose between 100 different products. Throw in a few "accessories" like belts, undershirt, maybe a t-shirt, but keep the total offer below 10 items. The idea is based on "decision fatigue" - I have plenty of decisions to make, I don't want to compare 57 different dress shirts to choose the ones that match my happy socks, I just want something that goes well with everything and I am certain about the quality. I work in a bank and from a small sample of people I talked to, this seemed like a good idea. I think this would be relevant for people working in finance, law, consulting. What would be your thoughts on this? How should I target these audiences (LinkedIn was my thought, but it seems more appropriate for b2b)? How do I compete with made to measure brands (there are plenty of those..) and the established ones like CT or BB (made in Italy vs sweatshop in Asia is a selling point, not sure how big)? [link] [comments]  |
| Posted: 01 Nov 2019 09:49 AM PDT Are there any sites they offer manufacturers info without charging an exorbitant monthly fee. Nearly all the sites I've visited charge $199/month at a minimum. Niche is women's apparel if that helps. [link] [comments]  |
| Unbelievably comprehensive e-commerce guide for those thinking about starting a dropshipping store Posted: 01 Nov 2019 09:35 AM PDT If you're thinking about a dropshipping store there are quite a few things you'll need to consider aside from who will be supplying your products. The people at OfficeCrave.com put together this unbelievably comprehensive article about how to start a dropshipping store that covers everything including finding suppliers, choosing an e-commerce platform, growing your online visibility, marketing your store and more. You can read the full article here: https://www.officecrave.com/articles/how-to-start-a-dropshipping-business [link] [comments]  |
| Posted: 01 Nov 2019 09:29 AM PDT The customer already has the item out the door. Was I too kind to give that option? What if that person doesnt pay on time, or at all? [link] [comments]  |
| Posted: 01 Nov 2019 01:57 AM PDT It seems like the default these days for starting a business is making an app. But here's the thing: 1. Apps are relatively expensive to make. 2. They are awfully annoying to maintain 3. They are built upon someone else's business, who shares your profits and dictates the rules. But most importantly, and this is my main point: aren't necessarily the best way to solve a problem for the end user. If your business idea is really good, which usually means it solves a real problem and provides real value - it's extremely likely that the same problem can be solved in a better way then an app. A lot of the app ideas I've heard lately could be built using a simple web page with some basic PHP/JS/HTML/CSS coding, and be available on any device at a fraction of the cost. Many of the solutions can be just a really well designed excel spreadsheet rather than an app. When you think about a MVP, make sure you take the "M" seriously because you can get your first dollar a lot sooner than you think in most cases. If you can get 10 people to buy an excel file, then start thinking about a web app, if that works well, use that money to build a native app. [link] [comments]  |
| Making a pretty niche service app Week 1: Making the APP as a I learn to code Posted: 01 Nov 2019 09:17 AM PDT Context Alright boys (and gals) this is officially week one of trying to get an Idea off the ground. Basically there's a pretty small niche that I see in my hometown (GO Bucks) and rather than go find a software developer I took the risk, bought a MacBook (since you need one and since I didn't even have a working laptop for a year) on credit and learning IOS Development to make this app. So far I found a really good Youtube channel (Sources at the bottom) will follow it through an hour a day at the beginning to make this a functioning application by February next year. I'm keeping this as a month post but I think week one would be a great start to these series of posts since everyone can look back to what happened from the beginning. I'm thinking of blogging the whole first 2 years, making a Youtube channel, and posting on LinkedIn since I think this would be a great resource for other. The reddit posts are gonna be more like "here's what I've learned" and the others are like "this is what happened" so that people can choose what they want to see and not waste their time. Context out of the way Lessons learned:
Business Questions to Tackle:
Random observations:
Source: https://www.youtube.com/watch?v=jniJeamcIUU&list=PLMRqhzcHGw1ZkH8RuznGMS0NZs0jWQQ5a&index=2&t=0s [link] [comments]  |
| A little side project link building experiment Posted: 01 Nov 2019 09:08 AM PDT I want to share a link building strategy I saw last week:
The idea is Press exposure results in articles (and backlinks). And because the projects are hosted on your own domain any "link juice" flows to other pages on your website helping them rank better. I came across it after noticing just how many side projects Kapwing's cofounders (Julia and Eric) were launching on Product Hunt. 15 launches in 2018 alone! Did a bit of research and a lot of their side projects have picked up some pretty major backlinks. For example, in response to a Northern California wildfire, Eric made an interactive map allowing evacuated residents to see the status of their homes. He then emailed the map to journalists covering the fire. And Kapwing was rewarded with backlinks from The Huffington Post, East Bay Times, KQED ... My own experimentSo I've decided to give this strategy a go myself. The past week I've built a side project, Startup Gifs. This morning it's live on Product Hunt. (I won't link it cause don't want to seem self promotional haha) Journalists browse Product Hunt for article inspiration. So if I do well there hopefully I'll be rewarded with articles and backlinks. Going to start sharing with some bloggers this afternoon. Any questions / feedback hit me up! Will I earn any high quality backlinks? I shall let you know. [link] [comments]  |
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