NooB Monday! - (April 27, 2020) Entrepreneur |
- NooB Monday! - (April 27, 2020)
- Should I write about my perspective of starting and growing a monetized Facebook page? I own one with 750k followers that's my main source of income (up to $20,000 per month)
- I haven't left my house in 45 days and my House Painting business is Booming
- Is making websites for small businesses a good idea?
- I wanna start a business based around kombucha and Arnold Schwarzenegger, heres how.
- Interview
- Negotiating SaaS costs
- I’m making an offer on a laundromat!
- how can I help my little brother become an entrepreneur?
- Looking for advice on my grocery delivery business
- Advice and resources for permanently closing my business
- What would be the best course of action to contact a business owner. Or hospital director?
- If your work requires you to go to others people house, wear a mask
- Getting closest to what customers deeply need = more value?
- Building a marketing platform
- How do I know I actually am entrepreneurial?
- My biggest fear: My business outgrowing me
- Small business idea that conflicts with my department at my current employer
- Artist Directory IG / Blog
- Marco Rubio explains SBA disaster today
- Looking for a way to create an affiliate landing page where changing the ID in the url changes the link in the page. (Example)
- Investing & improving in what you do best?
- Real Estate Books/First Steps Ideas wanted
- Print on demand service similar to amazon?
- Start making money as a 15 year old
| NooB Monday! - (April 27, 2020) Posted: 27 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. [link] [comments]  |
| Posted: 27 Apr 2020 07:20 AM PDT Hey guys, I hope all of you are well and aren't giving up on the chase! I started a Facebook page in 2016 that got monetized by Facebook in 2017 when they released a video monetization feature for pages that allows you to include ad-breaks. It's my main source of income alongside trading stocks. I am getting into another business now. If there's enough interest, I can create a post sharing my experience and general perspective on how to get a page going. I won't share the link to it or the name so this won't be an advertisement. However, I can share screenshots of the insights and whatnot. The reason why I want to do it (again if there is enough interest), is because I learned a lot from this sub and got inspired a bunch so I would love to contribute. [link] [comments]  |
| I haven't left my house in 45 days and my House Painting business is Booming Posted: 26 Apr 2020 05:52 PM PDT What's up r/Entrepreneur it's been a while since i've dropped in for a post, hope you all are well. I want to preface this by saying I've done a fairly decent job of documenting my business through posts that can be found on my profile, in short, I've been running a painting business now for 3 years. My goal from the very beginning of this pandemic was to keep my team busy. I didn't care about the profit, I would've broken even if it meant making sure my guys had the option to work. I'm pleased to say that still to this day we're fully staffed and have been making it through this storm. Due to having a newborn, I haven't left my house, I'm writing this to showcase how I've been able to run my painting business at close to full capacity. Contrary to the popular subcontractor model, I opted for employees. Although more difficult, times like this prove it to be the better decision overall. They're really making this entire process easy because over the last 3 years we've built such a high level of trust and understanding. I have full confidence in them to perform our jobs to the standard of which they would be performed if I were assuming my normal duties of doing job sight visits. Company background: Our residential house painting company has 10 employees, and our highest grossing year on paper was $921,000 (last year). the prior years were around $560k and $280k. We had our largest month of production in March of this year of $104k. I've always been big about helping other contractors develop systems in their business, and, after taking my own medicine I'm reaping the benefits of this tremendously. Our teams are broken up into two teams. One of 4, one of 5. Our model is simple, each team has a project manager responsible for overseeing the jobs, reporting to me, and collecting the payments. There's been a lot of concern with contractors about the lack of business, however, I've been marketing heavily with HomeAdvisor ever since the inception of my business - the natural thing to do for most business owners is to retreat in times of uncertainty (like this pandemic) but, knowing that this would create a worm hole in the lead distribution for me to capitalize on, I ramped up my spending and have been getting a STEADY flow of house painting leads since. April has been a BUSY month despite everything that has been going on. We will produce $75k worth of jobs, with another $40k on the books for next month. 50% is new business that has been generated remotely. With a steady flow of marketing, we're averaging 6-8 estimates for exterior painting PER WEEK. This is extremely surprising to me, but I'm definitely thankful. Here's how i'm doing it: Marketing & Sales Adjustments
Production Adjustments
Lessons & Advice If you're a business owner and in a similar predicament, you have to adjust. You have to be creative, and you have to get uncomfortable. If you have a team counting on you, my first piece of advice is to price out jobs in a way that guarantees them work. Don't worry about hitting high margins, the focus should be to keep your schedule full. If you're a potential business owner, employees are a great move. Building trust and a foundation of loyal people to come to work for your company and to buy into your vision proves to be the best decision time and time again. There's always a market. It's about how easy it is for those interested in your product or service to find you. In my specific case, I know a very large majority of the contractors in my area shut off their HomeAdvisor leads. Customers are telling me that I'm the only one who's reached out. I'm betting when everyone else is holding, and i'm getting the rewards. Thanks for reading, share some ways you've been adjusting in the comments below! If you care to follow me on Instagram, I'm sharing more of my journey there: IG/TradeThrive. I'm also going to be sharing on r/Paintingbusiness. [link] [comments]  |
| Is making websites for small businesses a good idea? Posted: 27 Apr 2020 09:23 AM PDT Here's a Twitter thread by Patrick McKenzie. "Most technologists who build websites for local businesses should stop doing so. They in the main cannot afford professional labor, and should move to platforms like Shopify, site builders, etc which can amortize engineering costs over 100,000 similarly situated accounts. I struggle mightily when talking to people who have optimize their freelancing practice to expose them to e.g. locally run coffee shops, cranking out $250 or $500 websites. This is a poor business decision relative to serving firms who can comfortably budget professional labor. "But what about the local cafe?" I am in favor of the local cafe! Spend your money there! Even teach a pro bonus Get Started With Shopify Or Whatever office hours weekly, underwritten by being a successful local business owner yourself. An extremely common failure mode is running a business as a charity. This is self-evidently a bad business; it's also a bad charity. (If you were to rank order all people in the world in need of charitable help, where would local business owners in America be on that list?) "But I don't live in the big city." Yes, but you live on a big Internet, connected to all the big cities, and the viability of consulting remotely was fine in 2010 when I was doing it and has only increased since then." What are your thoughts? [link] [comments]  |
| I wanna start a business based around kombucha and Arnold Schwarzenegger, heres how. Posted: 27 Apr 2020 02:25 PM PDT |
| Posted: 27 Apr 2020 02:10 PM PDT Anyone have a project about environment and want to be interviewed to my instagram? Let me know [link] [comments]  |
| Posted: 27 Apr 2020 01:59 PM PDT How does one approach negotiating SaaS? I have been given a quotation with a monthly subscription as well as an onboarding about which is 3x the annual subscription. I have never thought about negotiating but the figures are significant enough to warrant trying! [link] [comments]  |
| I’m making an offer on a laundromat! Posted: 27 Apr 2020 01:50 PM PDT Hey Everyone, I was hoping we could turn this into sort of an AMA. I plan on buying a laundromat ideally within the next 4 months, though I will be putting an off in next week when funding gets finalized. I will put basic info below, please feel free to ask me any questions. These numbers are from the proforma and have been altered. Location: Southern California Price: 355k Cashflow/mo: 7000 Size: 2700 sqft -51 washers 90% top loaders most are 15-20 years old. -43 dryers, about half are 15-20 years old. Machines: Most as very old and need to be replaces. They do seem to have been maintained well. [link] [comments]  |
| how can I help my little brother become an entrepreneur? Posted: 27 Apr 2020 01:29 PM PDT my 18 y/o brother is finishing high school and has been buying and selling vintage clothing as a side hustle for about a year. I've never seen him enjoying something like this so much and he's also making some decent money with it. Where there is love for a labour, there is potential. As a bigger brother I want to help him expand this business when possible or maybe help him use the insights he got for another venture. doing is king, but before I go all vanilla and just gift him a peter thiel book - are there any books or blogs on this specific kind of business? or maybe books on start up for someone who doesn't have much business experience? love to hear from you! [link] [comments]  |
| Looking for advice on my grocery delivery business Posted: 27 Apr 2020 01:09 PM PDT We have just gotten our first customer for our grocery delivery business in a small town of 6,200 people. We are only advertising through facebook so far because it seems like that is where our target market would be the most active. Our page has 80 likes from people in our town and our ads have reached around 3000 people with a 12% click through rate most days. We have a total of 347 link clicks. So my concern is that quite a few people have clicked the link but haven't ordered yet. I gave our first customer a coupon for $5 off her next order if she made a review on our page, she was happy with our service and posted the review. Other feedback we have got is that our price is too high. Originally the price was $20 which I thought was pretty crazy and talked my business partner into changing it too $16.25 but still we are getting negative feedback about the price. It is understandable considering people's financial situations right now but we are priced to allow for us to hire drivers in the future and don't have the sale of food to bring in more revenue like the grocery stores do and a limited amount of room to scale in such a small town. I'm wondering if there is anyone here that has any experience with grocery delivery or something similar. What has worked for you? I think the need for this service in my community, especially now, is there but we're missing something. Is the price still to high? Let me know if more information is needed. [link] [comments]  |
| Advice and resources for permanently closing my business Posted: 27 Apr 2020 01:01 PM PDT I have thought about it long and hard, and after 2.5 yrs, I think I'm going to have to hang up the towel on the escape room I started. I never was making the profits I wanted and was just recovering from a slight downturn when Covid hit. I have been closed for almost a month and a half, but basically had no business the month of march. The earliest I will be able to open is June 1, but even then, I don't expect much business for the rest of the year due to fear of the virus and self-imposed restrictions to help social distancing. I've never had to close a business before, so I'm looking for advice and resources I can use to navigate it with the least amount of pain possible. [link] [comments]  |
| What would be the best course of action to contact a business owner. Or hospital director? Posted: 27 Apr 2020 12:57 PM PDT Currently selling KN95 masks and been doing alright but wanted to contact bigger sellers such as hospitals and such. What would be the best coarse of action to contact them directly? [link] [comments]  |
| If your work requires you to go to others people house, wear a mask Posted: 27 Apr 2020 12:57 PM PDT Since we are working from home, we thought about doing some repairs around the house and called some local businesses to give us estimates. Of 7 individuals that came, only 1 was wearing a mask. REALLY? Even if you believe Covid-19 is a hoax or Earth is flat, wear a mask and respect others people space. Is funny, because we are going to hire the guy that came with the mask. Not because of that, but because he was the most professional. Coincidence? I don't think so. [link] [comments]  |
| Getting closest to what customers deeply need = more value? Posted: 27 Apr 2020 12:55 PM PDT Is the idea that may boost success is figuring out what customers truly want? Being able to understand more accurately what the most important things customer wants. Giving more of those things than competitors. For example allbird's shoes found a fit with a chunk of the market that value: ecofriendly and casual forward thinking lifestyle brand. By have the core competency or specialization in making eco friendly wool running shoes. They also have their casual forward lifestyle brand their customers want. In more simple terms, understanding the customer's and working towards iterating the brand and product to fit the customer's desires and needs? [link] [comments]  |
| Posted: 27 Apr 2020 12:26 PM PDT Hey y'all Over the years of owning various eCommerce businesses, and starting from agency to private sector, i've seen a ton of confusion on marketing and strategy. Namely how small businesses or any business for that matter can connect with real marketing professionals to get a true assessment that doesn't have the standard "increase your ad spend" attached to it. But most of those "experts" are expensive, and the cheaper alternative to getting content marketing work leaves most with options like Upwork or Freelancer...usually from $5/hr shop. Content like:
content may be king, but I don't see a lot of kingdoms... with so much information on the internet, businesses just keep jumping from one strategy to the next, bleeding money, and marketing agencies just keep their focus on enterprise businesses because they afford all those 'billable hours' - it's frustrating to say the least. From the perspective from someone that has owned businesses and now is a professional marketer...I can say that there hasn't been a real solution to connect people on a hyper-focused project basis. So over the last few months, i've been building one. And I think it can solve a lot of these problems. I'd love some feedback on whether the solution is clearly stated - you don't need to sign up, but feedback is respectfully requested I've been a long time contributor here, and love this community and respect its feedback, and so that's why I want to present the project dubbed: Qanoot - [link] [comments]  |
| How do I know I actually am entrepreneurial? Posted: 27 Apr 2020 11:49 AM PDT I want to start a business of some variety but I am very young. 15, in fact. Not going to start now or anytime in the next 2 years as school in tearing me a new one. However, running a business and being able to help people sounds absolutely wonderful and the creative process and resource management that goes into a business sounds like a dream. However, how do I know this isn't just a fantasy I've made up in my head to escape from everyday stuff? What do business owners even do? How do I verify that these are actual feelings of entrepreneurship and not just a phase of wanting to be apart of something greater than myself? [link] [comments]  |
| My biggest fear: My business outgrowing me Posted: 27 Apr 2020 11:41 AM PDT I started my business from my university dorm room about a year and a half ago. After finished one semester (while triple majoring on top of everything), it became obvious that running my rapidly growing business in college wouldn't be sustainable. I dropped out, and have since gone from making $5k a month to $50k. I'm so thankful for my growth, but now I have so much more to lose. I'm terrified of messing up. I feel like I'm constantly behind, as my sales double every 2 months, meaning that I need more product, more employees, more everything. I thought the management side of things would be easy, or at least quickly learnable, but humans are a lot more complicated than I thought. Dealing with employees and figuring out my company's culture is really new to me. I feel like I'm doing an okay job; otherwise, my company wouldn't have grown so fast. However, my biggest fear is my company eventually outgrowing me and my capabilities. I just turned 22, and was studying science-related fields in college, not business. I'm trying to read as much as I can, and I spend hours every day trying to improve myself to be the best leader I can be. At what point is it time to hand my business over to someone with more experience? Am I lying to myself thinking I can keep up with it? Is it possible to get myself to where I need to be quickly through some kind of management training? Or am I doomed to Founder's syndrome and inefficiency? Can anybody else relate to this fear? [link] [comments]  |
| Small business idea that conflicts with my department at my current employer Posted: 27 Apr 2020 11:14 AM PDT I'm currently employed by a marketing agency and have thankfully been able to work from home and I've been working behind the scenes (website, branding, social media strat) on a studio idea. Considering my current employer and I would be fighting for similar clients would it be a bad idea to launch the studio while still currently employed? I'd like to get the ball rolling on this so I can leave my current employer with some momentum instead of starting from 0. I just don't want to open myself up for any legal troubles if they find out that I've been working on a competitor that would in theory compete with a small department of my current employer. If I were to just launch say for example an IG account to build a following and gain some qualified leads would I be in trouble with my employer? [link] [comments]  |
| Posted: 27 Apr 2020 11:14 AM PDT (previously posted on the noob wednesday thread, but pretty late at night, and I don't think anyone really saw it, if you did, sorry for having to see it twice!!) Hey all you smart folks, I'm an artist in a mid-sized city that is very into community / art, and I have an idea to create an artsy curated Instagram that features different local artists work and links to their pages. This has been done in my city with food, where the IG features food from different restaurants and they have over 50k followers, which inspired me to do it for artists... I would also possibly have a blog to accompany this with a bit more information / photos of each artist's work. And maybe a directory? Since there is no Yelp for artists right now haha. This would be a passion project.. but I would like to monetize it as well... any thoughts on how to make this profitable? Thanks very much! [link] [comments]  |
| Marco Rubio explains SBA disaster today Posted: 27 Apr 2020 11:08 AM PDT |
| Posted: 27 Apr 2020 10:52 AM PDT Hi Reddit, So, I recently came across a few people doing this, and am wondering how it is possible, and what would be the best program/app to do this. Basically, I am an affiliate with a certain subscription-based program, and I have my own link that earns me commission if people subscribes using it. What I want is to create a landing page where I would have a video explaining the project, and all the bullet points, highlights, etc. Now, what I want is for the website to have a url with a slash at the end, and for the links on the page to be based on this. I want to give you an example. This website right here: http://quantumnomads.club/?id=onelove The link for my affiliate program is onelove.limbicarc.com If you click the "Get Started" button on the quantumnomad page, it will go directly to my own affiliate page. And I didn't have to sign up for any funnel builder or anything like that. If you change the ID on the url, it will change where the link goes. If ?id=reddit, clicking "get started" will go to reddit.limbicarc.com. What I want to create is something that does just that, so that I can share the page I create, which will be way better than the one you saw here (Or so I hope haha) and then I will be able to have other people use what I created freely and they can just change the ID to theirs, thus changing the link to theirs. I have a few programs that would tremendously benefit from something like this. Please let me know how it would be possible to do this! And please note, I did not intend to use the example as promotion. I genuinely want to know how to do this and don't really know a way to fully explain without showing a real example that represents exactly what I want. Thank you, May you all have a wonderful day! [link] [comments]  |
| Investing & improving in what you do best? Posted: 27 Apr 2020 10:34 AM PDT In the books good to great, and zero to one, they talk about stimulating the 'core', and investing 10x technology. Basically they are talking about investing money and tech into the core area. For example Amazon spent millions in warehouse technology and automatic machines, and buying more convenient warehouses, and owning their own planes. They invested in this technology, machinery, warehouses in order to do what they want to do best, ship their products for cheaper and faster. For a business is there an art, a system to knowing what technology or thing to invest in? Also how do you figure out what to specialize in so you can win in a spot in the market (Toyota has millions to billions invested over the years in the machinery, and technology to cut their costs down to sell a value packed car for 14 grand). Toyota set themselves up to be specialized so they can win the low end of the market. How does a company decide what to specialize in, how do they improve and invest in it, and how do they adjust it to fit the market? [link] [comments]  |
| Real Estate Books/First Steps Ideas wanted Posted: 27 Apr 2020 10:02 AM PDT Since I started getting active here, I already heard of nice books and nice ideas. I want to get started and therefore I had an idea to flip car parts (turned out to be a bad idea tho) but I like the overall concept. When further looking around, I stumbled across starting a landscaping business, but where I live, most people are enjoying to design/maintain their gardens themselves. I visit grammar school at the moment tho and I'm not yet allowed to own a business. Could you join me on brainstorming? What were your first steps? Now for my second interest: I know that this is a goal yet to be reached, but I am really interested in the real estate business, like really interested, I want to know everything. Has anyone a good book/podcast for me to look into? Thanks in advance! [link] [comments]  |
| Print on demand service similar to amazon? Posted: 27 Apr 2020 09:22 AM PDT So amazon changed their price points when it comes to self publishing books there. Figured now is a good time to research it. I was previously thinking about trying to find a good bulk printer as well too but I feel like selling them in person isn't going to be a option for a year or two. [link] [comments]  |
| Start making money as a 15 year old Posted: 27 Apr 2020 08:59 AM PDT As the title says, what's the best and most efficiency way to start making money. I already have an idea which is pretty good in my view the only problem I have is im unable to do it. (online shop, dropshipping blalala) but the skills required to do this im learning right now. Are there any alternatives or better ways to start out? [link] [comments]  |
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