Someone just bought my entire inventory on Amazon. I sell a medicine kit. Not sure if it’s legit (due to corona scare) or fraud.... Entrepreneur |
- Someone just bought my entire inventory on Amazon. I sell a medicine kit. Not sure if it’s legit (due to corona scare) or fraud....
- What's your favourite podcast show focussed on Entrepreneurship?
- Remote Employee Policy
- What are your organization techniques?
- Mirror Prototyping
- Putting product infront of press and communities?
- Online coaching course?
- Unique Job Board, but stuck on what's best
- How often do you meet clients face-to-face (web development and IT consulting business)?
- Are small businesses who pay for PR distribution on news wires fools or am I missing something?
- Cart -> Checkout Abandonment
- How nessecary is trademarking in a startup?
- Where can I read/watch introductions on dropshipping/private label?
- Looking to monetize a blog to create a passive side income. Which website builder is best? Wix, Wordpress, any others?
- Not sure if people want to use your website? New subreddit. Link your website and see if anyone is interested in using it.
- How do I pay commission only sales staff? (UK)
- RANDOM THOUGHT WHILE I WAS HAVING A COLD SHOWER
- Everything franchise
- Changing Businesses
- How could I go about helping change the way drinking bottles are used? I have an idea how to change it but it would need a lot of planning and support.
- LLC question
- What are the key points a business should focus on?
- Why service companies can't leverage word of mouth the way product companies do.
| Posted: 01 Mar 2020 06:14 AM PST I sell an over the counter medicine pack on amazon (TravelPakRx). My sales have been really good this week, but today, somebody basically bought almost all of my inventory . Not sure if this is a competitor trying to hold my inventory hostage or buy/return, or if it's actually real, like someone worrying about coronavirus. Or somebody buying it for traveling or for their school or tour trip. [link] [comments]  |
| What's your favourite podcast show focussed on Entrepreneurship? Posted: 01 Mar 2020 03:30 AM PST I've been building a little (free) service that curates & broadcasts podcast episodes. It's kind of like radio, but for podcasts. Podcasts are an awesome source of knowledge, learning form the stories of how others have built successful businesses. In order to populate the playlist with the best episodes every week, I'd love to know what your favourite Podcast Show or episode is, so I can add it to the playlist. So....What's your favourite? EDIT: For reference sake: Link [link] [comments]  |
| Posted: 01 Mar 2020 12:09 PM PST Hello, we're trying do a more formalized policy for our remote employees and was wondering if someone has something like this. Been needing to get a Remote Work Policy and structure documented and in place for some time. Any input, tips greatly appreciated. [link] [comments]  |
| What are your organization techniques? Posted: 01 Mar 2020 09:37 AM PST I find that I regularly need to reorganize my tasks & my priorities. In spite of being a developer with access & experience with a million organizational apps, I always do the same thing. 1) Open Notepad++ which allows me to zoom into gigantic font. 2) Begin closing each tab & window on my desktop. For each one, deciding if I have to write it down or leave it behind. If I do write it down, I decide how important it is to me. 3) Looking at my finished list, re-deciding given the whole context if the priorities are still the same & if the item still gets done. 4) Dumping some work. Either by delegating or emailing someone to let them know I'm not going to work on it, etc. 5) I tackle the Must-do items ASAP. Not allowing myself to get a coffee or get distracted until they're done 6) The rest are varying degrees of successful but at least I've gotten the key items, dumped the obvious trash & the middle ground gets middle attention. What are your methods for organizing yourself? I find that because my process involves evaluating & re-evaluating priorities, none of the apps actually meet that need. All of them just assume that priorities are static - which is reasonable in many roles, but not mine. . Edit: Notepad++ is an open-source & free software which I am in no way affiliated with & I think everyone would benefit from using. So I'm shamelessly plugging it. [link] [comments]  |
| Posted: 01 Mar 2020 10:43 AM PST Hello Guys, I'm an e-entrepreneur and I've came up with an idea for a mirror brand. I would like to have some advise of anyone with experience or knowledge. I want to make a Kickstarter project to launch my mirror brand. Therefore I need a prototype to show my customers better. A mirror consists out of 2 parts: The frame & The mirror itself. The mirror is quite easy to fabricate and find suppliers for. The custom frame is the part where I'm making this reddit post for:
- Hard black plastic material 1& Example 2 Beside this, if anyone has done this before or knows a good way to make a custom mirror prototype, please let me know. Looking forward to your answers. Kind regards, Philippe [link] [comments]  |
| Putting product infront of press and communities? Posted: 01 Mar 2020 01:21 PM PST If your product was some outdoors man gadgets, where would you go to show the press(outdoorsman websites, magazines, reviewers, ), how does a product get those people to write and talk about the product. Is this a matter of sending out the information to the press and by any means get intouch with the communities that may buy the product. I need to contact social media influencer that talk to communities? At the end of the day the goal is to get in touch with a few people(press,influencers) , who talk to a large audience that are my target customers? [link] [comments]  |
| Posted: 01 Mar 2020 01:17 PM PST Hey there Currently trying to find mentorship for my online business, i find finding clients random and harsh. I'd like to find a system that's sustainable over the long term. The free advice basically has you cold mail people on supposedly related community sites or make YouTube videos, and I don't think it's enough / reliable. Anyone know of a course that teaches how to get a nice stream of clients from online? [link] [comments]  |
| Unique Job Board, but stuck on what's best Posted: 01 Mar 2020 12:20 PM PST Long story short, I'm in the process of developing a unique twist of a job board. I'm stuck on the application part. I developed in an application process to get the user's CV/Cover Letter/Personal Information. But I've looked at counterpart job sites, and all they require in the similar field is just a link to application/email address (which the company posts), so it redirects to their application page. I suppose this takes out the need for me to handle any personal information, but is this an opportunity to try and be one of the first in the niche to handle applications or is it probably best to go with the wind and follow suit? Many thanks [link] [comments]  |
| How often do you meet clients face-to-face (web development and IT consulting business)? Posted: 01 Mar 2020 12:06 PM PST
[link] [comments]  |
| Are small businesses who pay for PR distribution on news wires fools or am I missing something? Posted: 01 Mar 2020 11:29 AM PST What value does "Jane's podcast" get from releasing a PR about receiving an award when nobody is going to write an editorial article about it? I see thousands of one-man businesses paying for these distribution services. But what value do they get in return? If they keep doing it, it must be helping them in some way right? You have to assume atleast some of them are shrewd enough to ask, how does this help me? What's the realistic answer to this? [link] [comments]  |
| Posted: 01 Mar 2020 11:07 AM PST Hey all, I noticed on my store that there seems to be a dropoff from cart -> checkout. It makes sense that some customers don't take that step to checkout, but there has to be a way to improve cart -> checkout conversion. I have a cart note that says "Free shipping on X value" and "You're X away from free shipping". I accept that people are going to drop off from checkout -> payment, that's completely expected and unfortunately I can't solve that other than through offering great shipping, cart abandonment emails + sms etc. . I'll attach a screenshot of my cart drawer: Current ATC -> checkout conversion rate (store is 5 weeks old): Add to cart: 138 Checkout: 54 There has to be something going on thats leading to the huge drop off there, but not sure what. Any thoughts on improving the Cart -> checkout conversion rate? [link] [comments]  |
| How nessecary is trademarking in a startup? Posted: 01 Mar 2020 03:01 AM PST To start thanks for reading this. Means a lot. We're a fashion companies building quality designs so that means we'll be creating a lot of unique ideas. We were wondering how much trademarking is nessecary for the brand? Especially when starting up? At what time should it be done? Should it be done through the Madrid protocol or other means? Is a logo considered copyright covered or trademark material? We're based in the UK. Thanks for reading. [link] [comments]  |
| Where can I read/watch introductions on dropshipping/private label? Posted: 01 Mar 2020 10:08 AM PST Just want to research it and see how to get into it properly. [link] [comments]  |
| Posted: 01 Mar 2020 10:02 AM PST I previously tried this with Wordpress but building the site became too technical for me. Is Wix a good option bearing in mind I have no coding skills or experience building a website or are there better alternatives? Also, will there be sacrifices with using Wix when considering the aim of the project will be to maximise advertising revenue from good quality content and retain an audience. Once I have built it up I will look for other revenue streams as well such as e-commerce and affiliate marketing. [link] [comments]  |
| Posted: 01 Mar 2020 09:08 AM PST I created new subreddit r/williusethis Just post link of your website,business,apps,..etc and I will comment saying if I am interested in using it or not, so you can get some quick feedbacks. Others can join me and see if we can find anything useful. [link] [comments]  |
| How do I pay commission only sales staff? (UK) Posted: 01 Mar 2020 08:34 AM PST I am currently in the process of setting up a UK based business and just figuring out how to pay my staff. The line of work is commission based sales, the pay structure I am used to working under abroad is simple: No hourly pay, the seller just takes a cut out of every sale they make. My business will hopefully follow a similar model, however I am reading that it is not legal to employ someone using a commission structure if they are set to earn less than minimum wage. Fair enough. The alternative however is to use self employed private contractors who invoice you for the commission that they have earned. Now without saying too much about my industry, I am acutely aware that there aren't really any people who meet this description. I don't want to be engaging in any questionable practices, however it would certainly suit my interests to take on private contractor salesmen and simply pay them in commission. TLDR: Can I use private contractors or do I need to pay people an hourly for commission based sales work? [link] [comments]  |
| RANDOM THOUGHT WHILE I WAS HAVING A COLD SHOWER Posted: 01 Mar 2020 12:07 PM PST Has anyone else thought that providing value with NO sales pitch is a lot better than providing value with a sales pitch ? I thought since you are providing value it shouldn't matter if you give a little pitch Wouldnt people feel obligated to buy since you have given so much free stuff ? I would like to know What do you all think ? 🤔 [link] [comments]  |
| Posted: 01 Mar 2020 07:54 AM PST Hey sub, About to embark on a university paper on the topic of franchise. I'm looking forward to this as it will also help with my own business development. But I need aome resources, websites or book recommendations to begin my research. Can anyone suggest where I should begin? Regards. B. [link] [comments]  |
| Posted: 01 Mar 2020 07:45 AM PST Hi so I basically refurbish video game controllers and customize them. My prices are reasonable and I managed to make about 10k in revenue last year as a side hustle. It can be demanding and require alot of money up front then alot of time to actually fix the items. Also I did brainstorm about outsourcing or hiring people for different roles. However I wouldn't be able to pay them a wage. Has anyone had success changing businesses when their first or second one was profitable but not worth enough. [link] [comments]  |
| Posted: 01 Mar 2020 07:01 AM PST Hello. I have just seen a horrific prediction that plastic could outweigh fish in the sea by 2050. I can imagine that plastic drinking bottles are going to account for a large percentage of that, however as humans we do need to drink quite often so I believe we need to think of a new way to go about it. My current idea is this; Water and soft drinks dispensing machines, refillable glass, metal or recycled and recyclable plastic reusable bottles, bottle cleaning stations all together in place of drinks cabinets (unless the shop wants to go all metal and glass). I like to imagine companies like Evian and Voss for instance signing up and placing water dispenser machines in shops all over the U.K. or any country really. You buy a reusable bottle for more than what the old drinks would cost (as an incentive to not buy a new one every time the bottles would be just barely worth the money). The customer could then fill up their bottle after having paid for their drink where the drink will dispense the right amount for the bottle. Now I know this would work because we already do it in takeaways/fast food. But what we need is for it to cover a broader scope, for instance soft drinks. Can anyone help me add to this before I work it into a business plan and try to further it? [link] [comments]  |
| Posted: 01 Mar 2020 06:52 AM PST My girlfriend and I are starting a company. The mentor we met with recommended hiring an attorney to search inside/outside the U. S. to see if the name is used or on hold anywhere. If not, we were told to go through with an LLC then a trademark. We are curious how much it might cost to hire an attorney to search the name and any advice on doing so. Thanks in advance! [link] [comments]  |
| What are the key points a business should focus on? Posted: 01 Mar 2020 02:56 AM PST I understand my question is fairly vague so let me get some details. Thanks for anyone reading this. Should Trademarking come first? The logo or the Name of the business Focus on cash flow? Work on sales and production of out products? Marketing? Our company is a fashion brand. For trademarking is the Madrid protocol nessecary? We are in the uk! Thank you for listening [link] [comments]  |
| Why service companies can't leverage word of mouth the way product companies do. Posted: 01 Mar 2020 06:41 AM PST There's no doubt that referrals help companies thrive. Sometimes, we love them to the extent we want to make it our core distribution strategy. However, It's crucial to understand that referrals don't yield the same results for all types of companies. Products usually have marginal costs of production, which is the change in total production cost that comes from making or producing one additional unit. In other words, the more you sell, the more profitable every unit gets up to some point. This is particularly true for software where distribution and reproduction costs are negligible. Build something people love, and they will be very likely to recommend it to their friends. If your product is widely available (an app on the App Store or a new soft drink on supermarket shelves), word of mouth will be your free sales and marketing channel. You can go really far this way. Referrals have no downsides for product companies. Let's see why things are slightly different for services. Imagine you run a service company (or maybe you already do), say web development agency. Relying on referrals is tempting and gives lots of (apparent) comfort:
Having all these merits in mind, how come referrals are not the best way to grow a business? After all, it guarantees good sales conversion, and you are feeling happy and proud. You have literally zero control over the process. Some people may know other entrepreneurs who might need your service/product. Noticed in the last sentence "may know" and "might be"? These are all highly uncertain events, and there's no way you can increase the odds that someone knows another person who needs your business (at least in a direct way). To illustrate the difference between products and services in terms of word of mouth distribution probability: When an individual downloads a new mobile game and falls in love with it, it's likely they will share it with friends, and some fraction of them will give it a shot. Considering a scenario with the service business, when someone needed to hire a dev shop to develop a web application in Ruby on Rails - the likelihood of replicating this need among this person's social circles is significantly lower. The second issue pertains to the segment of clients. Most likely, the leads you get aligns horizontally with referrers in terms of status, wealth, and needs. To be more brutal, a client with a project budget of $1,000 is more likely to refer you to a person with a similar budget than to someone who is looking to invest $500,000 in your service. It makes it difficult to jump up the ladder and land higher profile clients. On the other hand, once you get a few clients that belong to your dream segment, the value of referral goes up accordingly. Last but not least, it's way more challenging to say "no" if the person inquiring about your services has been sent your way by one of your past clients or friends. The situation when saying "no" is less comfortable may cause bias that results in bad judgment, and eventually to working for clients you normally wouldn't want to work with. For product-oriented companies, happy users are a robust, self-propelling sales & marketing machine. Word of mouth significantly increases the chances of the product's market success. It's always better to deliver outstanding results and receive shout-outs from your clients than not. As a service-based business, you should strive to get referred but never rely on it. Working with clients who come from referrals has certain downsides related to client segment lock-in or the feeling of obligation. Regardless of whether you are a product or service company, referrals might come as sirens that lure to get you to rest on laurels. It's better to focus on building durable, repeatable sales and marketing strategy and treat referrals as a supplement to your core tactical actions. And, of course, always deliver the best quality possible. Without this fundamental value, marketing and sales are just growth hacks that will never get you to the point you want to be. [link] [comments]  |
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