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    Home Unlabelled NooB Monday! - (April 06, 2020) Entrepreneur

    NooB Monday! - (April 06, 2020) Entrepreneur

    April 06, 2020

    NooB Monday! - (April 06, 2020) Entrepreneur

    NooB Monday! - (April 06, 2020)

    Posted: 06 Apr 2020 06:13 AM PDT

    If you don't have enough comment karma here's where we can help.

    Everyone starts somewhere and to post in /r/Entrepreneur this is the best place. Subscribers please understand these are new posters and not familiar with our sub. Newcomers welcome! Be sure to vote on things that help you. Search the sub a bit before you post. The answers may already be here.

    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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    How I Made $8794.50 By Sending Out 1300 Postcards - Marketing Experiment

    Posted: 06 Apr 2020 08:53 AM PDT

    In this experiment I'm sending out 1000 post cards to homes recently listed for sale in my area in attempt to gain more sales for my moving company. I will cover design, my tactics, the total expense, the results.

    ​

    Flyer Design

    I have done a slight redesign to my flyer. I did away with discounts and replaced the spot that used to be a coupons with a smiling face. In services I find smiling faces and a friendly look matter a whole lot more than technical details. You can't touch or hold a service like you can a product but you can "feel" its impression.

    ​

    Why I Like Postcard Flyers

    1. They are cheaper to send than regular mail. Post card stamps are currently $0.35. This really adds up as you send hundreds of flyers out.
    2. It's an easy activity for admin staff to do during downtime.

    ​

    Total Cost

    After sending out the initial 1000 post cards I noticed that there were still a few hundred houses left in the area so I decided to hit them all, resulting in 1300 total flyers sent. This is the total expense.

    Postage $455 (1300 at $0.35 a piece)

    Labor $120

    Flyers $39 ($0.03 a piece)

    Total $614

    ​

    Results

    We sent the flyers and waited about 6 weeks to tabulate the results. A certain number of flyers are always returned to sender. In this case 300 of the 1300 flyers were returned due to vacancies or address issues.

    Of the 1000 that were actually sent we ended up booking 6 jobs. That doesn't sound like a whole lot but the caveat here is we only sent flyers to homes for sale for over $400,000 so each job is of significant size.

    This is proven with the first job we landed for a whopping $4600. This single job paid for every single flyer PLUS some.

    The total revenue from sending 1300 flyers was $8794.50!

    At a 20% year end profit margin that comes out to $1758.90 in net profit on $614 in expense. A 286% return on investment!

    ​

    What I Attribute the Results To

    1. The flyer design. On the first in-home estimate we did the customer said "we just loved your flyer" and when I heard that I knew this would work well
    2. We have great reviews online. I don't believe our results would be nearly as impressive if we didn't already have a great online presence.
    3. My office staff is trained and relentless. I have 3 salespeople who book jobs for me and they are very good at closing sales and following up with customers. They don't leave anything on the table.

    ​

    The best marketing plan is only as good as the company behind it. The best form of advertisement for your service is simply being a wonderfully ran service.

    ​

    To watch more on this or check out the flyer design elements click this link: https://youtu.be/qEBcnmnHPRs

    submitted by /u/mmaher13
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    It boggles my mind that thousands of BILLIONAIRES exist all over the world when making even a hundred is so difficult as it is

    Posted: 06 Apr 2020 09:08 AM PDT

    I know this isn't a typical entrepreneurial post about Shopify stores but even with my successful side business selling stuff on eBay and Amazon I never made more than a grand a month after expenses.

    I'm completely in awe of people that somehow become multimillionaire and billionaires from selling items and yet it's so hard for me to break even most times. Thoughts?

    Excuse my bad grammar. Phone is bad in sunlight

    submitted by /u/g7x8
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    Guide to Paycheck Protection Program - APPLY AS SOON AS POSSIBLE

    Posted: 05 Apr 2020 10:17 PM PDT

    All small businesses, independent contractors, sole proprietors, and 501(c)(3) nonprofits are eligible for assistance through the Paycheck Protection Program - in an amount equal to 2.5 times your average monthly payroll. The loan is entirely forgivable so long as no one is laid off or has their salary reduced.

    I run a small legal nonprofit and put together a pretty comprehensive guide, which I update regularly. Please apply as soon as possible, as the funding is limited. And please share with everyone you know! Even gig economy workers are eligible for this program.

    http://californialegalresearch.org/paycheck-protection-program-information/

    submitted by /u/CaLegalResearch
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    Baseball Card Flipping Project - Part 14

    Posted: 06 Apr 2020 12:30 PM PDT

    Hey guys!

    Sorry for the delayed update, it has been a CRAZY couple of months (as I'm sure you're all aware). A lot has happened since my last update and I'll try to get into a bit of everything – sorry for the long post.

    A really really really brief recap of the past twelve parts

    I started in December of 2018 with $1,165 with the goal of making $10,000 in one year. In 2019, I had bought and sold over $40k in baseball, football and various sports trading cards. I had a few great successes ($1,165 into $3,085 before fees - $2,771.20 into $6,200.10 before fees - $1,086.68 into $3,190.54 before fees) and a few duds. I generally sell my cards on ebay, but utilize auction houses every now and then. The biggest bottleneck I face is submitting cards to PSA (a third party grading company), a card might have a 2-4 month turnaround time. To successfully "flip" you need to balance some of these purchases with shorter flips. In 2019, I ended with a final profit of $9,262.28 – a tad bit short of my goal. In 2020, my goal is $20,000 (fitting). Using my margins from 2019, I would need to sell around $85k in cards.

    You can find the previous installment here

    COVID-19

    First, I hope everyone is safe and inside. I am fortunate enough to be working from home and busier than ever – I do mostly forecasting and budgeting for a company in Manhattan, so it has been very busy on my end trying to keep pace with everything that is changing.

    Vintage baseball cards seem largely unaffected by the crisis. The biggest disruption is the closure of PSA – a third party grading service. If you remember, I have a significant number of cards with PSA (146 as of today for this project) with an estimated value of around $6-10k that are now sitting stagnant in their warehouse. This is inventory that will significantly be delayed processing and will have a material impact on inventory turnover. I had written previously about the dangers of leaving inventory with PSA – it is a good thing that I have a diverse store and don't leave all my eggs in that basket. Another impact COVID has had with this industry is the delay in the baseball season – this is having serious implications on the modern card market (new products are being delayed, rookies aren't seeing price movements, etc.). Luckily, the vintage market doesn't rely on the baseball season as much.

    As of today, I have had two cancelled orders with buyers directly referencing COVID – one was a person who claimed unforeseen costs (understandable) another was a Canadian individual who ships his cards to the NY border and drives across to pick them up (which he can't now). I have ten unpaid orders sitting right now, which is higher than usual. I'd imagine some of this may also be COVID related.
    Some positive impacts – everyone is home! It looks like there are a lot of older collectors stuck at home working on their collections. I am still seeing fairly robust BIN activity and auctions have done well so far. Hopefully things go back to normal sooner than later.

    Purchased

    • In February I had purchased a 1953 Topps Partial Set for $1,472.00. The timing is a little funky, the auction ended at the end of January, my last installment was on February 14th, but I am not including this until now? There were some invoicing issues and I hadn't sent payment until mid-February, so I am including this now. I pulled out a few cards to send to PSA (which I need to wait until their office reopens), pulled a couple to sell myself and sent the rest of the cards to PWCC. There are seven days remaining in the PWCC auctions, and already past what I paid for these, so I should do well.

    • At the end of February, I managed to win a couple nice lots from Huggins and Scott; the first was a near complete set of 1953 Dormand Postcards purchased for $685.00 after fees and the second was a small group of 1959 and 1960 Venezuela Topps cards for $216.00. Both of these are obscure issues, many of the Dormand postcards are rare with some neat variations (large autograph, small autograph, photo variations, etc). These postcards I immediately listed separately at a $.99 auction and turned a profit. There are two cards that I still have – an oversized Mickey Mantle postcard that is very difficult to find (which I would like to send to PSA) and an oversized Phil Rizzuto postcard that I need to still list. For the Venezuela Topps cards, if you're unfamiliar, they were literally from Venezuela – some of the cards are written in Spanish, some feature non-MLB Hispanic players, etc. Naturally, these are much rarer than the USA counterparts and, because of that, more valuable. I already sent several to PSA, but sold the rest for $58.66..

    • I purchased a group of 1970 Topps Super Proof cards for $405.41 after fees. I love these sorts of lots. These proof cards are too obscure for anyone to try to collect the set, but collectors who collect players need them for their collection. Player collectors are a different breed of animal, they will hunt down every Roberto Clemente card, Mickey Mantle card or whoever their favorite player is. They have no interest in this group of cards together, but separately they are willing to pay retail. I listed every card on ebay and sold three for $360.00 – so I'll do well on these for very little work.

    • Finally, I bought this near complete 1959 Topps set for $1,557.30 after fees. These cards are freaking beautiful. The set is missing the three most valuable cards and the star cards appear to be in worse condition, so it went for a relative steal. The "common cards" (players that you've never heard of) are in a solid Near Mint condition though. I already pulled about 150 cards to send to PSA, and plan to give the rest to PWCC to sell as a group. Buying high grade sets and breaking them up is a legitimate source of income for many dealers. There are several different approaches to it, the first would be buying the set and selling each card individually ungraded – this would be the approach of Greg Morris Cards, this is incredibly time intensive, and not possible for me at this time. Another approach would be to take out the cards worth grading and sell the rest in bulk (my approach), it leaves money on the table, but takes minutes rather than hours. Another approach would be to pull the high grade cards and replace them with low grade cards to sell the set – I have never had luck with this.

    What Sold

    Okay, too much is selling for me to talk about everything, so I updated the GOOGLE DOC to include everything that I currently have in inventory, the status of every item and the sold price (if sold). Take a look, I'll update it for each installment and can discuss an item you see. For now, I'll stick to highlights.

    • With the sale of the 1970 Topps Super Hank Aaron card for $76.00 I officially have sold all of the Hank Aaron cards from that Heritage Auctions lot! The final tally was $2,285.98 profit after fees. Not too shabby. What's notable about this sale was that it was made through the eBay watcher best offer feature. I was able to send an unsolicited offer to an eBay watcher, and he accepted! I have had mixed results with this feature, but overall I've seen 2-3 sales every time I send them out (one every two weeks).

    • The two 1979 Topps Cello packs came back from PSA, the Pete Rose pack graded a PSA 8 and the Mike Schmidt pack graded a PSA 7 – I sold them for $250.00 and $130.00 respectively. I have had a couple Redditors ask about how accurate my inventory valuation estimates are, and I have always told them that I try to be as conservative as possible, in this case, I ended 2019 with an estimate of $250.00 on my books for these packs, they ended up going for $323.00 after fees. For the Hank Aaron cards I had $150.00 on my books, but ended up selling them for $660.70 after fees. I try to be very conservative with these estimates. It's an estimate. I hate losing money because I "thought" something was worth more than it actually is. I also don't want readers to think that I am inflating inventory value to make results look better, I try to manage expectations and value items with a buffer in case an auction doesn't go well.

    • Along that same thread, I sold most of the multi-sport cards from Goldin Auctions that I sent to PSA. The highlight was the 1980 Larry Bird/Magic Johnson rookie card that sold for $501.00. This card is iconic. I was very happy to see it graded a PSA 7 (I was worried with the printer marks on the front). In total, these cards sold for $1,075.68 after fees and I still have the Tiger Woods SI Kids rookie card.

    • Wrapper sales keep coming in. If you remember, I had been buying up hundreds of wax pack wrappers and listing them as BIN's on eBay. I am probably averaging 2-3 per week – I sold this 1961 Topps Football wrapper for $100 in March. I'll let these sit for a while longer and see if sales continue.

    • The B14 blanket sales have been much slower – with only three sold in March. I think I might try to send a few to auction soon if it doesn't pick up.

    PSA Update

    Here is a link to the Google Doc with the status of all of my PSA cards. The spreadsheet also includes a summary of where the project is.

    PSA has asked customers not to submit anything until further notice, so I am holding on a bunch of cards. Two orders did complete before the offices closed though – the remaining tobacco cards from that July 2019 Grey Flannel auction (see how long this takes). Unsurprisingly, two more cards came back trimmed. I'm a little pissed at Grey Flannel for selling altered cards, but I knew it was a possibility. The cards were fine. Nothing crazy to report (lines 10-18 on the Google Sheet). The two more expensive Mickey Mantle cards also finished and shipped – the 1953 Topps Mantle graded a PSA 1 and the 1953 Bowman Mantle graded a PSA 2. I was really hoping for a PSA 2 and PSA 3 respectively, but can't complain, I should do well on this group.

    Below is an updated summary:

    The summary has changed since the last installment. Rather than include all of the 2019 sales, I removed everything that doesn't relate to 2020 to make it easier to read and cleaner. For items purchased in 2019 (denoted with a "*"), the "cost" column represent the ending 2019 inventory valuation. For items purchased in 2020, the cost column is the cost. In the Google Sheet I included an in depth P&L with full results and 2019 details.

    Item Cost* Sold Fees Inventory^ Profit
    1936 Goudey Lot (8)* 50.00 30.00 (4.50) 20.00 (4.50)
    Hank Aaron "Odd-Ball" Collection* 150.00 777.29 (116.59) - 510.70
    (16) Pre-WWII card lot w/ Cobb* 1,300.00 978.76 (146.81) 300.00 (168.05)
    (23) Sandy Koufax 1950's and 1960's lot* 250.00 98.00 (14.70) 200.00 33.30
    1977-1979 Topps Baseball Rack & Cello Packs (6)* 250.00 380.00 (57.00) - 73.00
    1957 Swift Meats Game Complete Set (18)* 800.00 - - 800.00 -
    (36) 1950s-2000s Multi-Sports Collection* 500.00 1,265.51 (189.83) 150.00 725.68
    1933-1989 Wax Pack Wrapper Hoard (650+)* 400.00 1,023.99 (153.60) 300.00 770.39
    1941-2004 Multi-Sport Group (33)* 800.00 419.34 (62.90) 500.00 56.44
    1912 B18 Blanket Find (100)* 1,270.80 393.50 (59.03) 1,000.00 63.68
    1962-63 Parkhurst Hockey Lot (45+)* 500.00 287.26 (43.09) 400.00 144.17
    1953 to 1969 Mickey Mantle Group (16)* 1,000.00 - - 1,000.00 -
    1956-1959 Baseball Star Collection (48)* 1,130.00 167.04 (25.06) 1,000.00 11.98
    1961-1969 Baseball Star Collection (61)* 804.95 257.78 (38.67) 600.00 14.16
    1948-1965 Yogi Berra Collection (26)* 1,400.00 399.50 (59.93) 1,050.00 (10.43)
    Lot of (4) Signed Perez-Steele Postcards 676.59 - - 676.59 -
    1950's-1980's Football Wrapper Lot (42) 920.00 887.00 (133.05) 500.00 333.95
    1953 Topps Partial Set (208) 1,472.00 - - 1,472.00 -
    1953-55 Dormand Postcard Set (47/52) 685.00 795.83 (119.37) 300.00 291.46
    1959 & 1960 Venezuela Topps Lot (34) 216.00 58.66 (8.80) 200.00 33.86
    1959 Topps Baseball High Grade Set 1,557.30 - - 1,557.30 -
    1970 Topps Super Proofs Lot (12) 405.41 360.00 (54.00) 200.00 100.59
    $16,538.05 $8,579.46 ($1,286.92) $12,225.89 $2,980.38

    *-denotes inventory purchased in 2019 valued at 2019 y/e figures.
    ^ -inventory on hand is valued at a conservative estimate of fair market value for remaining items.
    `-grading fees are expensed when the card is sent to PSA, fees are not paid until PSA has completed the order. Fees that are expensed, but not paid are sitting in Accounts Payable below.

    2020 Grading Fees`: $366.13

    Current On Hand

    Cash: $2,546.13

    Inventory
    See the Google sheet

    ALSO! If anyone is interested in what the financials for this project would look like, see below. With 2019 officially in the book, I moved the final 2019 financial statement over for a year-over-year comparison:

    As of 4/6/2020 2020 YTD 2019 Final
    Cash $2,546.13 $1,680.15
    Accounts Receivable $- $-
    Inventory^ 12,225.89 $10,605.75
    Accounts Payable` ($1,730.47) ($1,858.62)
    Retained Earnings ($9,262.28) $-
    Initial Capital ($1,165.00) ($1,165.00)
    Revenue ($8,579.46) ($40,163.15)
    Cost of Goods Sold $4,312.16 $22,582.96
    Fees (15% of Rev.) $1,286.92 $5,956.97
    Grading Fees $366.12 $2,360.93

    I look forward to continuing to update everyone on this. Hope you enjoy as much as I do.

    Jason

    submitted by /u/MachiavellianFuck
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    I’m an entrepreneur through and through but even I think reselling masks is wrong.

    Posted: 06 Apr 2020 01:14 PM PDT

    My mom has been out of a job for a year, and my grandma is too old to work but knows how to sew.

    The two of them decided on selling masks for $6 a pop.

    I personally think this is wrong as it's profiting off of people's fear and instead she could pull her sewing skill set to use by donating them.

    They don't agree with me and have justified it by saying the people who have money will buy them and plus, they're out of jobs right now so it's a way to make a living.

    I don't think it's a way to make a living, I think it's a way to make a little extra cash on the side which personally I couldn't care less about.

    Who cares about making a quick buck when people are dying.

    I wish I had a skill set that could help people during this time, but I work in marketing and don't really know how to help others.

    My grandma however knows how to sew and could easily save lives or at the very least do some good with her skill.

    I wanted to post this in here to see where you guys stand on the issue.

    Is it ethical?

    Does it make it okay that they're selling them for $6 instead of $20 or more?

    If you have an opposing point of view, I'd love to hear it because maybe it'll help me understand my family more.

    As of right now, I've been avoiding bringing it up to them because I don't want them to feel attacked or like I'm trying to start a fight.

    I guess at the end of the day it's none of my business but I'm disappointed in them and it just feels grimey.

    Thoughts?

    submitted by /u/_browngyal
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    Which Course would you pick?

    Posted: 06 Apr 2020 10:26 AM PDT

    So I have access to a lot of Ecommerce Courses, big fan of keeping on-top of all the latest models.

    I have roughly 14 days left of Quarantine before I kick my business back off again, if you had to pick one or two courses to complete from the following list which would it be?

    Quarantine Course List

    Also any ecommerce, self-development course recommendations would be appreciated.

    submitted by /u/damonroe
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    Affected by COVID-19? Free Website.

    Posted: 05 Apr 2020 06:12 PM PDT

    Hello All,

    I own a software development company, and I want to help people affected by COVID-19 in any way possible. I am giving away a free single page website to the first person who posts here or DM's me.

    No catch, you just provide your own hosting. Does your business not have a web presence? Need an updated landing page? I can help you out. If you also need a basic WooCommerce site for a reasonable amount of products, I would also be happy to work on that.

    Hope this can help someone out there! I know it's not much, but trying to do what I can.

    Edit : hey all! Got a ton of requests. I'll expand this to more than just one person. Please DM your email and brief description of your business and ill be glad to help as many people as I can!

    submitted by /u/ExpertBirdLawLawyer
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    Let's collaborate in the times of COVID-19 to help each other grow faster and get stronger

    Posted: 06 Apr 2020 12:56 AM PDT

    Hello peers,

    I own a content writing company and realized corona has affected almost all the businesses around the globe.

    Companies are facing difficulties in getting new projects, new customers and new clients on board.

    Instead of pushing on the dead opportunities, let's create new ones by opening doors to collaboration.

    Collaboration is cool; it allows exchange of services.

    submitted by /u/visitwritersco
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    i will design your website fo free

    Posted: 06 Apr 2020 10:34 AM PDT

    ​

    Hello everyone like the title says I can design you a website for no charge. It can be for your business, sport or passion or anything else. I will only do legal websites and that's it. If you are not satisfied with the ending result I can edit it for as long as you will be happy with it. Send me a pm if interested and I will explain everything in detail. It could also help me for my portfolio later on.

    So if you need a website but don't know how to get started and everything just send me a dm!

    submitted by /u/Strengthenyourskills
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    PPP Applications Closed Across the Board, Anyone else have better luck?

    Posted: 06 Apr 2020 01:49 PM PDT

    I missed the boat with Wells Fargo and met with a branch rep and she said they had over 150,000 applications and met their max. I called BB&T and got the same thing. These are the two banks I've banked with but I had no luck. I keep getting the same thing from other banks, apply on SBA.gov but it only lists the banks that are SBA approved and most aren't even allowing people to open up new accounts and then apply for the loan. Any help is much appreciated.

    submitted by /u/Xravi
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    Anyone have experience with Affiliate Marketing?

    Posted: 06 Apr 2020 09:53 AM PDT

    Context:

    Been wanting to learn some new skills and transition to working from home. Especially now with this pandemic, I have lots of time on my hands to learn and pick up new skills.

    I've been considering getting into digital marketing and learning the ins and outs, but like any industry, there are so many different directions and approaches one can follow. Digital marketing is a very broad field.

    Anyone on here have any experience with affiliate marketing? If so, how did you start? What are your experiences with it, and would you recommend it? Furthermore, what should a beginner learn first in order to eventually transition to AM?

    submitted by /u/SecretBG
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    Feedback on a new iPhone App I just released

    Posted: 06 Apr 2020 01:13 PM PDT

    Hi Friends! I've been working in my free time on an app called Giggle. Its supposed to be like a social media based purely on memes and on making people laugh. I'm going to link it here:https://apps.apple.com/gb/app/giggle-laugh-with-friends/id1501815066

    ​

    If anyone is able to play around with it and provide feedback for me I would be super grateful! I'm new to this entrepreneurial world and would love your advice and guidance as well as frank and honest opinions.

    submitted by /u/TamarindOrangutan
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    Are you passionate about your business?

    Posted: 06 Apr 2020 01:12 PM PDT

    How many entrepreneurs out there are passionate about their product? maybe passionate is the wrong word but I'm interested to see how many of you actually believe in what your selling.

    For me it seems like I can come up with a multitude of business ideas that can be profitable. But most of the time I never pursue them. Not because I'm lazy, but because I just don't see myself being passionate/engaged in the long term.

    Any other entrepreneurs have similar thoughts? Maybe I'm just not meant to be an entrepreneur !

    submitted by /u/rr_workday
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    Can I sell a course with $4,288 seed money?

    Posted: 06 Apr 2020 01:07 PM PDT

    I'm working on a course and I've worked out that between creating the content and doing my initial advertising I'll need about £3500 ($4,288 in USD).

    Does this figure sound realistic? I'm aware that every business is going to have different costs - some niches require more marketing than others for example - but just as a general figure for making and launching a course?

    submitted by /u/dornerstanXoX
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    Thinking of a Ping/Tile type device. Where to look?

    Posted: 06 Apr 2020 12:51 PM PDT

    How does it work trying to build a product that would use the US cellular network?

    Are cell devices SIM-card-less these days?

    submitted by /u/lackluster_love
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    Specialized Cleaning Service - Your Thoughts?

    Posted: 06 Apr 2020 12:41 PM PDT

    I had a small consulting business and produced training films for retail clients- think: automotive, housing, big-ticket items. Lost my two big clients two weeks ago and it's going to be a long time - at least a full year - before they are going to be re-signing with me again.

    My previous career path had me in a biochem and molecular biology research lab for 10 years; I handled hazardous waste, nuclear waste, kept MSDS logs, etc.

    I live in a fairly prosperous suburb outside of Denver, CO. Many 4,000+ square foot homes, lots of small businesses like dental offices, legal, real estate.

    I'm considering starting up a specialized cleaning service.

    Basic outline:

    1. I'd work with a crew of two other cleaners. They'd do the basic cleaning work, wearing appropriate PPE. and after the basic cleaning is finished I'd do the specialized work aimed at eradicating COVID19 particles.

    2. I'd use a combination of virucide spray and UV-C to disinfect and sanitize areas once the area has been cleaned.

    3. Charge by the square foot.

    Website, social media, maybe some direct mail marketing.

    Thoughts?

    submitted by /u/Tactless2U
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    Hello everyone, I hope this is the right place to post this. I am considering leaving where I have worked for years, as I feel I am greatly undervalued. However I have no idea what I would be worth in the market place. I am a sales manager, could you offer an idea of what salary I am worth?

    Posted: 06 Apr 2020 12:37 PM PDT

    Hello guys below is a brief write up of the value I bring as an employee and my track record of performance. Please know that I understand we all feel we are the most valuable human being on the planet, I will do my best to be unbiased when describing myself below, so that way I can be reviewed as accurate as possible. Thank you for taking the time out of your day to look at this for me.

    Bio:

    Male, Mid 20's

    Tenure with current employer:

    5+ years

    Current title held:

    Regional Sales Manager

    Sales area 3,000+ square miles

    Average client contract $26,000 a year 20%+ net margins.

    Skills:

    This area I feel is hard to quantify talent, since you list the general, integrity, hard working, etc. I'll leave this out on purpose. However, I do have your typical word, excel, CRM use.

    Experience:

    5+ years of management experience 3+ of those years in sales management.

    6+ years of sales experience.

    8+ years of customer service experience.

    8 months of experience auditing a business.

    Hours worked:

    Consistent 50-60+ Starting at 5:30 am since I have a home office. This is by choice my boss feels I would need closer to 35-40, but I have achieved way more success by doing more, note I get paid the same no matter the hours worked, I do this strictly to improve results.

    Business education:

    My education in business stems purely from hands on work itself, and self-education. Roughly 150+ hours yearly is dedicated to developing management skills, leadership skills, handling stress, emotions, empowering others, and over all developing oneself into the person it'll take to move mountains, and perhaps even more important, educating myself on the ability to lead an army of people with varying personalities into becoming leaders themselves in the work force, and developing their attitude and their why, this ensures that when Monday comes, I can say I have perhaps one of the rare teams of sales people that are stoked its time to work. This development is through seminars, reading, and watching business videos.

    Personal life obligations:

    I have carved my life purposefully into one that will allow me to work without as much as possible getting in the way. I have a tremendously stable relationship with a woman who does not want kids and wants to build a career. I rarely drink, I do not do drugs. I wake up every single day for the past few years and have a constant need to succeed, and have found that when I am sad its because I am not doing enough work and feel like I am wasting potential. I do not have any pets, kids, sick relatives, or even hobbies outside of some light gaming, I am obsessed with becoming someone worth remembering and becoming a leader that makes people happy to show up to work.

    Business track record:

    My company had been around for 35 years upon my promotion to leading a sales team, I sold enough business through my team my first year as a manager to almost double the company, upon my promotion to closing sales in the field while leading a sales team, the 2nd year as a manager I nearly doubled the company again, this year 2020 would be my third year and a sales manager, based on my results before the corona virus shut down, I was on track to not only double the company but nearly add another 25-40% on top of it. This is all on a budget of less than $150 a week for marketing, advertising, etc. We are a multi-million dollar business as well. CEO is very frugal so I had to do whatever it took to get new business and make every dollar count.

    I have developed training materials for the company that's received in the ballpark of over 100 compliments on just how thorough and helpful it is in explaining the job duties and how to begin bringing in clients.

    I have found ways of getting a website built completely for free rather than shell out thousands of dollars.

    Found methods of getting even the laziest of employees to work and succeed.

    I have acquired so much work that on countless occasions the CEO has to give our team a paid week off simply because there is too much work.

    I am on track to become CEO when I gain a few more years of experience being able to handle everything, these are the CEOs words not mine.

    Current duties:

    Hiring

    Firing

    Training and developing sales staff

    Preparing contracts

    Tracking results

    Work on scripts for sales team

    Practice my own pitch

    Find out how to innovate all I have control over

    Meeting with clients

    Traveling hundreds of miles a day at times for sales

    Acquiring leads for sales team

    Advertising for the business

    Negotiating payment with clients

    Marketing

    Handing off signed contracts to staff to begin servicing accounts

    Spend hours a day on the phone training employees, and closing accounts.

    Notes about myself that I feel would add additional value:

    I have experience hiring hundreds of sales people since I have started, and have had to put out countless fires within the business to ensure that it is successful.

    I have also created and run a motorcycle group of 70 people as their founder and I organize events within the group. This is extra-curricular to demonstrate initiative for this post, etc.

    While I consider myself very smart, and I feel I just get it when it comes to understanding how to run a business, I feel the most valuable skill I could ever bring to the table is that I feel I could get my employees to do anything. My level of understanding when it comes to what makes a person do anything has helped me so much in life, business, and in relationships. My goal in any company I work for is to use my ability to communicate effectively with the staff to ensure that they are happy where they work, I give them purpose, and ultimately I make my business a boat load of money. That's how I measure my worth in this world, I want to make a lot of money making all the people around me very successful, and I am truly grateful I hold a job title where that is possible. My boss had been in business 35 years before I took my position in the company. I have single handedly taken on his duties and have retired him. I handle the orchestration of roughly 50% of the business duties the rest is handled by staff in other areas of the company, and my boss just does the payroll.

    I also have a great desire to work, Mondays are a blessing to me. I am not aiming to have kids for another 10 years at least so my girlfriend and I can focus on our success. At a place that I am happy to work I feel I can comfortably work 60+ hours consistently and when I feel I am fulfilling my purpose in the organization I can work those hours from a place of happiness and maintain it indefinitely. There are times where I cannot sleep so I'll get up and start working at midnight. That's just how bad I want it, and have wanted it, for years now. Success is my duty, my responsibility, and my obligation.

    I appreciate the time that you have taken to read all of this, I greatly value your opinion, as I have grown in my role, I have nothing to compare my compensation to and would just like to know my value in the marketplace.

    Let me know what you think on what someone with my experience, ambitions, goals, aspirations, ability, and ability to deliver better results year after year would reasonably be worth. For example $60,000, $80,000, $150,000 etc. This could be total compensation as well.

    submitted by /u/letsgetyoustarted
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    Any tool you recommend to track leads and deals automatically?

    Posted: 06 Apr 2020 03:47 AM PDT

    I need some kind of sales tool, affordable if possible that will track leads and deals.

    What i mean is. When a new leads i get from facebook leads ads, it goes to Autopilot CRM, which i set up email marketing triggers. If the lead decide that he or she wants to do buy my service, somehow that email should be triggered to send some proposal/contract and once is sign out, it would send that specific contact/person to new sales tool as a new deal.

    So i can see how many deals i make based of ads and marketing.

    submitted by /u/Bokulence
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    quote for the mind, "EVERY FAILURE BRINGS WITH IT A SEED OF AN EQUIVALENT SUCCESS."

    Posted: 06 Apr 2020 12:28 PM PDT

    Homemade cosmetics in Europe?

    Posted: 06 Apr 2020 12:17 PM PDT

    Hi everyone!

    It's been a dream of mine for a while to have my own business, especially with makeup. I'm thinking of launching a line of homemade cosmetics but I have some questions and want to be sure. 1) I live in the Netherlands

    2) Would I need to go through the whole process within the EU to have everything accepted?

    3) I'd be working with 'ibcccndc' and their clear base lipgloss gel. I see that they've registered trademarks in the EU zone and have requested the full list of their ingredients used for this type of versagel.

    4) Can I list the ingredients of said products on my website or does it have to be on the packaging too? Is it a strict requirement?

    Thanks in advance for the patience, I appreciate it! Cheers :)

    submitted by /u/ExoticTissue
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    Free Hosting, No Payment Method Required

    Posted: 06 Apr 2020 11:57 AM PDT

    Today I saw my friend stressed about his new website hosting, he was fired from his part-time job and had to cut costs as much as he can. So I provided him with free hosting for 6 months. Then I thought to myself why not open it up everyone, so now we are offering free premium hosting for $0. No payment or any payment method required. We also have free CDN for every website which can be accessed through control panel. You could previously host Unlimited Websites with Unlimited Resources for just $15/yr, this plan is now free for 6 months, nothing required. Anyway, during the times like this we need to save up as much as we can and cut of expenses (running a new business already adds up to bills). Best of luck.

    😅 I forgot to add the website Hostitor

    submitted by /u/saumyabratadutt
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    This idea if likely filled with pot holes and challenges, but what creating a service that allows start ups to invite regular joes to invest? In return they receive a dividend % of 50% of the profits and an equity stake

    Posted: 06 Apr 2020 03:05 AM PDT

    ssssssssssssssssI rewrote this idea and formatted it better

    Crowd Share VC Funding Website/App

    Startups can use the App/Website to request funding from regular people. In return each start up will be agreeing to forfeit 50% of its equity and future net profits for 3 years. All investors on the platform will be silent investors and have no say in the running of the business. So even with giving up 50% equity you still maintain 100% control.

    In return for using the service EVERYONE agrees that 5% of all transactions will be taken as fee.

    That means 5% of what is raised

    That means 5% of all payments given back to investors

    In addition all start ups MUST AGREE to submit their financial statements to an independent accounting firm on a monthly basis.

    Payments will be done quarterly, however for the purpose of below examples I will do yearly.

    Situation 1

    You ask for $50k start up capital. You get your $50k start up capital. And one investor named Joe Smith invests $500 in your idea.

    This means Joe Smith now owns .5% of your company and 1% of all dividend payments.

    Your first year you make no money, Joe Smith gets NOTHING

    Your second year you make a net profit of $500k. This means $250k will have to be paid out. Joe Smith gets 1% of that which is $2,500

    Half way through your 3rd year you make $500k, Joe smith is paid out $2,500 accordingly however you then decide to sell 100% of your business to another company for $2 million. Remember half of that has to be paid out to your investors, which means Joe gets $50k. Joe now OWNS NOTHING since you sold 100% of your company.

    In total Joe will have earned $55,000

    Situation 2

    You ask for $50k start up capital. You get your $50k start up capital. And one investor named Joe Smith invests $500 in your idea.

    This means Joe Smith now owns .5% of your company and 1% of all dividend payments.

    Your 1st year you make $50k in profit. Joe Smith gets paid out $25

    In your 2nd year you decide you need $250k in capital to grow your business and in return will be selling a 25% share of your company to a VC firm. It is decided you will dilute your crowd shares investors by 12.5%. So their share will go from 50% to 37.5%. As a result of this you will be required to take 12.5% of that $250k and pay out your crowd share investors. So $31,250 will be paid out, of which Joe will get $312.50 (since he owns 1% of the crowd share)

    Now in year 3 you make a net profit of 1.5 million. $562,500 will have to be paid out to crowd share investors. Joe will be paid $5,625.

    In total Joe earned $5,962.50 on his $500 investment

    Situation 3

    Joe invests $500 into a $50k start up.

    A new govt regulation comes out destroying the entire start up business model and it goes out of business having never made a profit.

    Joe losses his $500

    Market Place For Stake Holders

    At any point after funding has been completed Joe may sell his share of the company on a market place to other investors. Lets use situation 1. Joe is half way through his investment term and still has 18 months left on his equity stake. Joe decides he wants to sell his investment. By this point the company will have made $250k in profit and Joe has been paid out $125. However the company is not profitable Joe may decide he wants $1,000 so he lists it as "Buy it now for $1,000 own .5% of Situation 1" if Tom comes along and sees it Tom has a choice, Tom can counter Joe and say offer $750 at this point Joe will get to reject, accept, counter, or ignore Toms offer.

    Or Tom could say "yes" and hit buy it now. Tom now owns .5% of situation 1 for the next 18 months and any future payments will go to Tom.

    Or say Joe doesn't know what he wants and wants to have an auction. Joe can list his percentage as an auction. Say you'd be bidding on .5% stake for 18 months Joe starts bidding at $50.

    Whatever the bid ends up Joe gets. Regardless if thats $50 or $5,000.

    In the market place it will list what the business is, their current pay outs, and what is remaining on the existing contract in terms of time/equity.

    What do you think?

    Would such an idea be legal?

    How practical would such an idea be?

    What challenges do you see?

    Would you use such a service? Either as an investor or start up?

    Am I crazy?

    Some Thoughts

    I feel like making such an idea would require some extensive auditing. Which is why the business would need to have all investors agree to submit financial statements to an accounting firm of our choosing. In addition I feel like such a business would need to be prepared to legally enforce its agreement. I could see a situation where a start up raises capital and just kills it and trys to skirt around dividend payments.

    In addition I acknowledge most of the start ups would never work, some say 70% of start ups fail. It would need to be explained to investors its entirely possible whatever money they put into a company could completely disappear and they NEVER seem a dime back. Or if they see anything it could be less then what they invested.

    I understand that requiring a dilution payment in the event of getting additional investment from outsides sources could be a turn off. However I feel that's balanced out by putting a term limit on the crowd sources equity position. After 3 years the investors in the crowd sharing lose all equity and no more payouts. Also if your raise capital after using us you get to decide what percentage you want to dilute the crowd share by. Say your selling $20k for 10% equity position. If you only want to take say 2% away from the crowd share, you only pay out 2% of the $20k meaning $400 so...Joe would get $4 but in the future the crowd share would only take 48% of all future profits.

    Also i'm sure the system could be gamed by the start ups.

    However a counter point is to that if you could have invested say $1,000 into facebook and earned even .0001% and assuming facebook was worth what it is today they'd still be a pay out of 6.82 million and this platform would give the avg Joe a chance to be a part of the next facebook.

    submitted by /u/PJExpat
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    The quantum computing revolution. What do you think of the potential of quantum computing in the coming years, and its probable use in the business industry?

    Posted: 06 Apr 2020 11:19 AM PDT

    I am a college senior majoring in computer science with a minor in physics ( particularly quantum mechanics is my interest). As an avid enthusiast of the field and a future entrepreneur who is looking to launch a quantum computing related start-up, I wanted to ask other entrepreneurs and business leaders about their thoughts on the potential of quantum computing and how you think the field might help make the world a better place?

    The dot com bubble in the late 1990s was unprecendented and a major shift in the world as entire businesses and industries shifted towards the Internet. The fact is that many of these were not fully aware of the potential of the Internet but were insightful of the fact that in the near future the Internet would create unparalleled resources. Eventually, everyone set out to reap benefits off the new technology while many also invest in frankly any Internet company which had a prefix like .com or .org among others.

    Quantum computing is a very different technology but has immense potential to transform the world just like the tech boon but in a different manner. Although we don't have quantum computers today but great amounts of progress is being made in the field each day. Google's claim of quantum supremacy is just one example. In 2019 Google claimed to have performed a mathematical calculation in a span of just under 3 minutes using their 56 qubit quantum computer that would have taken over 10000 years for any classical super computer to perform. Given that Google's computer was actually specifically designed to solve that particular problem, many researchers argue that we still haven't reached the point of quantum supremacy.

    But, all in all, the power of computing is exponentially raised when you use a quantum computer. Theoretically, an 80 qubit quantum computer has the ability to store more information than all the atoms present in the universe. Some of this stuff may sound like science fiction but the reality is that the day is not very far when the world switches to quantum computers from classical computers.

    I thank you for reading this long post and would really appreciate your thoughts on the same.

    submitted by /u/eucliditorian
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