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    Friday, February 28, 2020

    Accomplishments and Lesson Learned Friday! - (February 28, 2020) Entrepreneur

    Accomplishments and Lesson Learned Friday! - (February 28, 2020) Entrepreneur


    Accomplishments and Lesson Learned Friday! - (February 28, 2020)

    Posted: 28 Feb 2020 05:12 AM PST

    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.

    submitted by /u/AutoModerator
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    Current employer says they will pay for grad school and are actively supporting me in pursuing starting an independent non competing company. Seems like a great offer, but goes against some of the 'best practices' I hear around here.

    Posted: 28 Feb 2020 08:06 AM PST

    Pretty much, like the title says, I have been very open with my employer since the beginning that my goal is to start my own company. I think part of them accepting this was that I have been working at this company since High School.

    They offered me the other day, the opportunity to go to grad school. The only contingency is that I have to work for them for 2 years after IF I don't work for my own company or a startup of some kind after graduating.

    Basically, they are saying, go do what you said you want to do, or come back and work for us. The company I work for is all about hiring employees for life. So, I don't think they want me on as an employee if I have reservations.

    The offer sounds amazing, right? The only reservation is that I hear a lot of people saying "don't go to college for something you don't need a degree for" "why go to college when you can just start now" "you don't need a formal education you just need to hustle." Basically, if you have ever heard Gary V talk you will know what I am saying...

    Edit: Figured I should mention. I have worked for them after undergrad as well, so I also have 2 years of project management and a couple years of assistant project management experience.

    Edit 2: Okay, so part of the reason I made this post here was because I thought there would be at least some push back. If I went over to r/careerfair they are 100% are going to tell me to go to school. I expected to hear a lot of people say "no just stay at your job and start your side business now. Turn that into a full time job eventually." Didn't expect 99.9% of everyone to say school was the best option. Although, I did realize it is an amazing offer! I was hoping for at least some counter arguments, ha.

    submitted by /u/kingdomart
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    What are the ways in which a Programmer can earn from home and make more than decent income?

    Posted: 28 Feb 2020 08:08 AM PST

    How can a Programmer earn a good income from home?

    submitted by /u/Marshmelllloo
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    I would like some feedback on my website for my mobile tax service.

    Posted: 28 Feb 2020 12:30 PM PST

    I started a Michigan mobile tax service called MITaxPrep.com - MI is our state abbreviation. So its like (MY), but its MI.

    Value Props:

    1. Instead of you waiting in a busy tax office for hours, we come to your household to prepare your tax returns.

    2. Since we are a mobile, cloud-based service, we have low overhead, so we can pass on the savings to Michigan taxpayers. For example, if you walked into a local tax office to file TWO W-2s, a 1098-T(tuition statement), and 1095-C (healthcare statement), and no local city return, they would charge you (low-end) $450 and (high-end) $600 to file Federal and State returns. Our service would charge $204. This doesn't include eFiling and bank fees, if you requested to have a refund through ACH. Alternatively, if you used Turbotax-like programs, you would pay around $150. Then, of course, you can always file on your own which should cost you no more than $50.

    Let me know what you think! Thank you!

    edit: formatting

    submitted by /u/ravascodet
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    Learn to market your negative reviews

    Posted: 27 Feb 2020 07:36 PM PST

    I have found that the majority of customers will look exclusively for negative reviews and skip right over all of the 5-star reviews. The less than perfect reviews are really where you can learn about a company.

    I do my best to respond to the specific complaints in the review, and then I use the opportunity to highlight the perks of the business. It's technically advertising but people don't see it that way and for some reason it seems to sink in more.

    A number of customers have approached me and said that the responses that they have read to negative reviews are what helped them make their decision to do business with us.

    So when you get a bad review, don't argue with them but use the opportunity to sell yourself.

    submitted by /u/sistom
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    I am planning on quitting my job today. Am I mad?

    Posted: 28 Feb 2020 12:44 AM PST

    I'm planning on quitting my job today. I work in a well regarded PR firm and I am leaving to start my own firm and pick up my own clients. I hate my current job. Terrible management that asks 120% and gives absolutely none of it back.

    Reading the news this morning about the stock market taking big hits and the general panic around the coronavirus, I need to ask - am I crazy to leave my job right now?

    Edit: I've done it. I quit. A months notice and then I'm out. Thanks for all of the advice. Answering a few questions from below - Negotiating a raise was out of the question. They shorted me on two recent negotiations so I wasn't even entertaining that this time. Unfortunately my contract wouldn't allow me to do related work so I couldn't start a firm right now. As for my anti-compete clause, I am safe here. The type of pr work I do right now and the size of client is very different to what I will pursue (Corporate v Digital, Huge multinationals v small to medium sized native businesses) so I am clear in their non-compete terms.

    submitted by /u/spiderhombre
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    I need US opinions on my website.ca vs. website.co dillema

    Posted: 28 Feb 2020 03:42 PM PST

    Hi there, I run a Shopify store selling photography accessories. I refer my traffic through my popular YouTube Channel. I link the homepage of where to buy my gear below each video:

    Americans:

    1. I refer majority of my traffic through social media, would you click a website hyperlink without hesitation website.ca even though your from USA?
    2. Would I be crazy to use .ca as it would cost me USA sales at the end of the day
    3. Would you trust website.co more?
    4. Would you trust website.shop at all? Where does that rank compared to .ca .co

    Looking forward to your responses.

    submitted by /u/hechonk
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    Anyone here consulting as a side gig or consulted on the side and then built up?

    Posted: 28 Feb 2020 02:57 PM PST

    Brief Background - I finally shed my wantrepreneur skin in January 2020 landing my first paying client. Honestly, it felt amazing and personally a great start to this year. I've always put up mental roadblocks around starting my own business (albeit on the side of a full-time job) but now I've finally done it, I want to keep the momentum up.

    I settled on a coaching/consulting service, specifically sales consulting for other consultants/freelancers who want to generate more clients proactively but find the prospect of anything sales super scary and just nerve wracking.

    With my first client this year, I've been conducting hourly sessions throughout the month using my time in the evenings and then following up with content via email for them to refer back to. I'm doing this service remotely via Zoom/Skype from home so it's not like I'm travelling anywhere for face to face meets.

    I'm looking for real advice based on experience of how to grow/scale a consulting or coaching service whilst working a full-time job and taking into account I'm really limited to time I can put into it with the evenings and potentially weekends. Has anyone worked a full-time job here and consulted on the side? How did you grow? Did you grow enough to switch over to your gig becoming your full-time work? Any resources you could recommend?

    Thanks in advance!

    submitted by /u/hesabigladinhe
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    I've been wondering if Dropshipping is a sustainable business model going into 2020, given the saturation in the marketplace. What do you guys think?

    Posted: 28 Feb 2020 02:49 PM PST

    I've been thinking about this for a while now, and would love to speak to some successful business owners who have run a dropshipping store in the past.

    submitted by /u/acamu5x
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    We really need your feedback!

    Posted: 28 Feb 2020 02:36 PM PST

    We are a team of passionate engineers and designer on a mission to create the most convenient laptop second screen accessory. We are open to any feedback; feedback on our design, product or price. We will use your feedback to make the product better. https://www.novldesign.com/ Thank you

    submitted by /u/NOVLDesign
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    Anyone work in energy (oil and natural gas)? Can I have some advice?

    Posted: 28 Feb 2020 02:19 PM PST

    I found an energy company that does not have a website set up. Judging by their lack of internet presence, I'm willing to bet that the software they are using is in the stone ages.

    I want to call them and pitch developing custom software for them. Only one problem: I want to know what they need built beforehand -- that's why I'm asking for people who work in energy.

    Can anyone help? Thanks in advance

    submitted by /u/Mjjjokes
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    In need of feedback for an idea I have for a game that focusses on web/online entrepreneurs

    Posted: 28 Feb 2020 05:00 AM PST

    Hey guys,

    Thanks in advance for reading my post. My name is Simon from Amsterdam, I am 33 years old and I have started several (online) companies. From a platform for chefs that sell meals from home to a social media network for artists. Both horribly failed, but the lessons I've learned were valuable. I kept on going and finally started a profitable business that is growing day by day. It rocks, all the hard work has finally paid off and I am so happy I never settled for less!

    Next to my regular activities, I would like to work on a new concept. Before I start, I'd love some honest feedback from you guys. Hopefully, for any problem you spot, you can also give a solution.

    I would like to create a game where the success of your websites determines how well you are doing in this game. See it as a race or scoreboard, your website plays against other people from all around the world. To determine how well you are doing in this race or on this score board, we use the data of your website. E.g. traffic, time on website, conversions etc grant you points that are used to fuel your success.

    I think it is a game we play month by month, where we will also show the progress of your score, so you can see if you improved or not. I think, we should definitely get prices for the winners.

    To grab the data from your site, we will have to create a simple script that you will add that reads the basic meta data from visitors.

    Ok, hope this makes sense and that my English level is not too frustrating for you natives! Thanks again!

    submitted by /u/IAmsterdam_
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    Finally taking the plunge but where to start sourcing for suppliers?

    Posted: 28 Feb 2020 12:23 PM PST

    After 6 years of just taking and saying I want to be an entrepreneur and never having the right idea, I think I have finally come across a niche that I am interested in and feel i can start my entrepreneurial journey on.

    It will be mainly a t shirt/hoodie/mugs etc selling business focus on a specific niche of people. My initial idea is to allow the customer to customise the design but I think I should just start with a mvp design of my own and see if it sells first. I'm currently based in Europe, Spain, but I am wondering how I can go about searching for manufacturers to create my product? I would like to avoid the dropshipping model if possible but I don't have space in my accomodation to store much inventory. What are my options?

    For sales, would it be better to pay someone to design me a website specifically for my brand or just start on shopify for now?

    submitted by /u/ThrowfarawayGG
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    TikTok ad variations

    Posted: 28 Feb 2020 12:17 PM PST

    Hey all, I'm in contact with TikTok about advertising on there and while they don't have a self serve ad platform, they have these 3 models:

    Cost Per Thousand Impressions (CPM) - benchmarks of $3/CPM

    Cost Per Click (CPC) - benchmarks of $0.40 cents/CPC

    Cost Per View (CPV) with the optimization and billing event at either 2 second or 6 seconds

    Any recommendations about which would likely be best for an ecommerce store for sales conversions?

    submitted by /u/getnooks
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    [REUPLOAD] of African Woman Creates Book to Fund her Surgery and Save her Life

    Posted: 28 Feb 2020 12:00 PM PST

    Sorry for repeating myself but u/favoritesound said that this post vanished so I'm re-uploading

    Chikaordery is a woman from Cameroon in need of stomach surgery. She has been working hard, learning a new skill and creating an awesome product in order to save her life

    So I went and bought the book I would highly recommend you getting the book so you can help this poor lady get better

    Let's all make an impact on someones life today Heres my video of the book

    https://youtu.be/VeR3OZwTZTA

    submitted by /u/Direct-District
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    How many of you pay someone to do your bookkeeping and payroll?

    Posted: 28 Feb 2020 11:41 AM PST

    I'm 24. So far, nearly all the jobs I've had in the past have been administrative assistant jobs in various industries. I like it and I'm good at it, if I may say so myself. This year I've decided to get an accounting certification from the community college in my town. (I currently have a bachelor's in English & Media Arts.)

    My goal here is to contract with entrepreneurs/small business owners to take care of their bookkeeping and payroll for a monthly fee. If you work with an accountant in this capacity, I would like to know more about the arrangement you have, and how you two initially came into contact and set it up. Thanks!

    submitted by /u/AcceptablePersimmon1
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    Should I use red bubble as a print on demand company for images I own or just setup my own store to sell the images on different products?

    Posted: 28 Feb 2020 11:33 AM PST

    I'm just tired of the images sitting in a folder but I want to be hands free after uploading and marketing the images red bubble

    submitted by /u/cellycel92
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    [CROWDSPARK] Entrepreneurship Crowdsourced - Good Things are Coming : )

    Posted: 28 Feb 2020 11:33 AM PST

    Hello Everyone,

    Some of you may have already been following the explosive growth of Crowdspark. If you haven't, I just wanted to take a moment to introduce a new sub r/crowdspark that is dedicated to connecting passionate entrepreneurs and founders with other passionate professionals to form long-term lasting teams and make things actually happen.

    We recently had our first meeting of a impromptu Crowdspark Development Team! The team is exploring the option of creating a comprehensive 3rd party platform for everyone to use to connect with professionals, post projects to gain support, and even raise funds! We aim to create a supportive environment that will leverage the resources and experience of the crowd to provide a path to success for all startups from ideation through commercialization.

    We are getting ready to kick off Phase I of the development project which is the development of the platform itself. Phase II will be the creation of a crowdsourced incubator organization to actually support projects!

    If you are interested in following or participating in the development or in posting your own project to find support check out r/crowdspark.

    Thanks!

    submitted by /u/lwadz88
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    Beginner Entrepreneur Books

    Posted: 28 Feb 2020 11:24 AM PST

    I'm seeking some reading material to take me from a nube to business competence. Thank you

    submitted by /u/dali_sent_me
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    Ali-Express Winning Product [+Formula] - Product Research HACKS [Shopify Dropshipping 2020]

    Posted: 28 Feb 2020 11:03 AM PST

    Finding winning products on AliExpress is simple if you follow my guide and use these sneaky hacks. In this video I uncover and reveal a winning product and showcase the method I used to find it. It is a step-by-step process from beginning to end, where I will pick a winning product from scratch. https://youtu.be/Z92BtYOsbSc

    submitted by /u/dawoods99
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    Non tech founder struggling

    Posted: 28 Feb 2020 10:26 AM PST

    As title says. I am a non-tech founder for a Web App startup in the fit-tech space,

    My real challenge right now is building the MVP without a tech background and no partner in sight.

    Have any of you non-tech founder had success with building web app business? How did you go about it? How did you find your partner?

    submitted by /u/alliterativeusername
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    What Shall I Do��?

    Posted: 28 Feb 2020 10:18 AM PST

    I am an 18 year old. I really want to start up with my business at this age itself. However, my options are- I can either travel to the US, finish my uni degree and then come back for business, or I could take up a degree in my home country, India, and at the same time start with my business. I am so confused on what shall I do?

    submitted by /u/theibenglishco
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    I Run My Own Small Staffing Agency And Want To Teach Others - AMA!

    Posted: 28 Feb 2020 10:12 AM PST

    I've just recently posted in r/sidehustle about how I launched a YouTube Channel to try and teach other's how to start their own Permanent Placement Staffing Agency. There was a lot of interest so I wanted to post it here so you can ask me anything about the remote staffing industry and/or what I do!

    For more context, the video I shared talks about how it all works for less than $200 in upfront costs. It can be found here: (https://www.youtube.com/watch?v=i6nPsGQTci8). I'm going to be getting more and more specific as I go, but bare with me, I'm new at this!

    I've worked in the staffing industry for a few years and have recently gone off on my own remotely. Personally, I think this is a severely underrated way to earn a side income. There's a really small learning curve, you don't need technical experience, and the rewards are extremely high.

    It has already replaced my full-time income because I'm able to collect full fees and not the small percentages that agencies give their recruiters and account managers. I can survive off of 2 big fees a year. But that being said, I'm a 29 year old who is single, doesn't have a mortgage and is pretty much a minimalist. I travel full-time (posting this from London) and pretty much only need my MacBook and a Skype Subscription to run my agency. All of my clients are US based, so I get to sleep in.

    Eventually, I'd like to provide consulting/coaching services on how to start a staffing agency from zero to one. I've also thought about a profit-sharing type model, where I only get paid if I make someone else successful. I think there are a lot of possibilities if I can garner enough interest.

    Any feedback on the channel, my videos, or if you'd like to know more here, I'd be happy to answer any questions. If you see this post somewhere else too, please don't judge. I'm just trying to start a conversation.

    Thanks!

    submitted by /u/ZachFillsJobsRemote
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    What's a good title for a self-employed person to give themselves for LinkedIn and emails and such?

    Posted: 28 Feb 2020 09:55 AM PST

    "CEO" and "President" are obvious BS, and in the CEO case literally inaccurate unless you're running a big company with executives and a board.

    "Owner" or "Founder" are much less bad but still kind of sounds like you're trying to signal you're a bigger deal than you are, have people working for you, expect tons of growth, etc.

    "Freelancer" is too far in the other direction and could apply to anyone who's ever been paid to do something in that area, and is often used by unemployed people to mask their unemployment, which is perfectly fine but not what I'm doing, and it would be bad for marketing if prospects thought I were.

    I'm self-employed with a company name, a registered business, and a steady stream of customers who give me enough money to pay all my expenses, save money, and live off what I make. How do I signal that legitness in a title without sounding like I'm roleplaying the characters from Silicon Valley?

    Thanks

    submitted by /u/derickinthecity
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    Have any of you experienced a significant increase in sales/conversions on your website after a complete redesign?

    Posted: 28 Feb 2020 09:44 AM PST

    We're re-doing our website completely (our current one is pretty awful although we do a lot of sales on it each month anyway). I'm trying to gauge what to expect when we switch over to our new/modernized layout.

    submitted by /u/Number8
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    1 comment:

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