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    Wednesday, April 8, 2020

    Wantrepreneur Wednesday! - (April 08, 2020) Entrepreneur

    Wantrepreneur Wednesday! - (April 08, 2020) Entrepreneur


    Wantrepreneur Wednesday! - (April 08, 2020)

    Posted: 08 Apr 2020 06:11 AM PDT

    Please use this thread to ask questions if you're new or even if you haven't started a business yet.

    Remember to search the sub first - the answers you need may be right at your fingertips.

    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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    51 of the most commonly used headlines to grab readers' attention. hope it may help you get the inspiration you need to write your next article. (summary of an article found on Sumo)

    Posted: 08 Apr 2020 11:07 AM PDT

    1- The How-To Headline
    How to [Achieve a Desired Outcome]
    Ex: How to Run Faster

    2- The Ultimate List Headline
    [Large Number] of Ways to [Achieve an Outcome]
    Ex: 28 Ideas For Content Upgrades To Grow Your Email List

    3- The Ultimate Guide Headline
    The Ultimate Guide to [Achieve a Desired Outcome]
    Ex: The Ultimate Guide to Eating Healthy on a Budget

    4- The Fearmonger Headline
    Warning! Are You [Something Undesirable]?
    Ex: Warning! Are You Eating This Food That Could Kill You?

    5- The Rally Cry Headline
    Let's Stop [A Call to Arms]
    Ex: Let's Stop Eating This Poisonous Food!

    6- The Proven Methods Headline
    [Number] Proven [Actions/Ways] to [Achieve Desired Result]
    Ex: 18 Proven Techniques to Build More Muscle in Less Time

    7- The Mistakes Headline
    [Number] Mistakes Most People Make When/With [Common Action]
    Ex: 11 Mistakes Most People Make When Washing Their Hair

    8- The Secrets Headline
    [Number] Secrets to [Achieve Desired Outcome]
    EX: 7 Secrets to Becoming a Digital Nomad

    9- The Outrageous Headline
    Why [Outrageous/Controversial Claim]
    EX: Why Canadians Are Actually Evil

    10- The Lessons Learned Headline
    [Number] Lessons I Learned When/From [Experience]
    EX: 7 Lessons I Learned Doubling Sumo's Blog Traffic

    11- The Social Proof Headline
    The [Object] Over [Social Proof] Use To [Desired Outcome]
    EX: The Tool Over 283,000 Websites Use to Grow Their Traffic

    12- The Testimonial Headline
    How [Company] Got [Result] In [Timeframe]
    EX: How Shopify Store BlendJet Made $163,633.50 Sales In 30 Days

    13- The Objection Preemptive Headline
    [No/Yes], You [Pre-Empt Objection] to [Achieve Desired Result]
    EX: No, You Don't Have to Count Calories to Lose Weight

    14- The Question Headline
    Are You [Provocative Question]?
    EX: Are You Still Eating Dairy?

    15- The See What Happened Headline
    [Person] Did [Unusual Action] [Timeframe]. Here's What Happened
    EX: I Did Yoga Every Day for 6 Months. Here's What Happened

    16- The How/Result Headline
    How [A Seemingly Inconsequential Action] Can Lead To [Undesirable Result]
    EX: How Your Morning Coffee Can Lead to Heart Disease

    17- The Celebrity Headline
    How to [Achieve Desired Outcome] Like [Celebrity]
    EX: How Tony Robbins Generates 1,000,000 Website Visitors Per Month

    18- The How-To Without Headline
    How To [Desired Outcome] (Without [Unpleasant Action])
    EX: How To Get Featured on Large Publications (Without Guest Posting)

    19- The Silver Platter Headline
    [Number or How to] Simple/Easy Ways to [Desired Outcome]
    EX: 14 Easy Ways to Save $100 This Month

    20- The Analysis Headline
    We Analyzed [Number] [Thing You Analyzed] ] (And This Is What We Learned)
    EX: We Analyzed 100 Million Articles (And This Is What We Learned)

    21- The Tutorial Headline
    A [Power Word] Tutorial to [Achieve Desired Outcome]
    EX: A Comprehensive Tutorial to Make a Budget

    22- The Hacks Headline
    [Number] Hacks to [Achieve Desired Outcome]
    EX: 25 Hacks to Save More Money

    23- The Explainer Headline
    Why [Thing] Makes You [Outcome]
    EX: Why Spirulina Makes You Smarter

    24- The Steps To Result Headline
    [Number] Steps To [Achieve Desired Outcome]
    EX: 4 Simple Steps To Build An Email List From Scratch

    25- The WTF Headline
    [Person] And His/Her [Object] Doing [Odd Or Funny Activity]
    EX: John Cena And His Giant Hands Playing With A Tiny Tortoise

    26- The Quiz Headline
    Quiz: Which [Topic] Are You?
    EX: Quiz: Which Harry Potter Character Are You?

    27- The Hot Button Headline
    People Called This [Person] An [Controversial Title] After He/She [Controversial Activity]
    EX: People Called This Mom An "Exhibitionist" After She Took A Breastfeeding Pic With Santa

    28- The Fortune Teller Headline
    You Won't Be Able To [Claim] Until You [Action]
    EX: You Won't Be Able to Lose Weight Until You Eat This One Paleo Food

    29- The News Headline
    Breaking: [Story]
    EX: Breaking: Whooping Cough Outbreak in Your City

    30- The Command Headline
    Stop [Strong Command]
    EX: Stop Selling Out

    31- The Reasons Headline
    [Number] Reasons You're [Outcome]
    EX: 16 Reasons You're Fighting With Your Spouse

    32- The Imagination Headline
    Imagine [Desired Outcome]
    EX: Imagine Becoming a Millionaire

    33- The Little Known Methods Headline
    [Number] Little-Known Ways To [Desired Outcome]
    EX: 13 Little-Known Call To Action Hacks You Can Use On Your Website

    34- The Ignorance Avoidance Headline
    What You Should Know About [Topic]
    EX: What You Should Know About Your Roth IRA

    35- The Snackable Headline
    You [3 Words or Fewer Summarizing Topic]
    EX: You Aren't That Special

    36- The Pattern Interruption Headline
    How [Claim That Goes Against What Most People Think Is True]
    EX: How Fruit Will Make You Fat

    37- The Solutions Headline
    Why [Problem] (And What To Do About It)
    EX: Why You're Not Getting Traffic To Your Website (And What To Do About It)

    38- The Expert Roundup Headline
    [Number] [Expert] Share Their [Topic]
    EX: 14 Nutritionists Share Their Favourite Plant-Based Recipes

    39- The Reminder Headline
    Reminder: [Claim or Truth]
    EX: Reminder: Your Weight is Not a Reflection of Your Health

    40- The Comparison Headline
    Are You More Like [X] or [Y]?
    EX: Are You More Like a Tiger or a Lion?

    41- The Trivia Headline
    Can You Find The Problem With This [Object]
    EX: Can You Find The Problem With This Photo?

    42- The Front-Loaded Keyword Headline
    [Keyword]: How To [Long Tail Keyword]
    EX: Healthy Eating 101: How To Eat Healthy on a Budget

    43- The Promise Headline
    We Can Help You [Promise] By [Result]
    EX: We Can Help You Boost Your Traffic By 20%

    44- The Results Headline
    How We Did [Desired Result] In [Timeframe]
    EX: How 35 Marketers Would Grow Website Visitors From 0-10K In 30 Days

    45- The Teaser Headline
    These [Number] [Thing] Could Help You [Desired Outcome]
    EX: These 6 Foods Could Help You Lose 15 Pounds

    46- The Sidenote Headline
    [Number] Lessons Learned From [Company/Person] (#[Number] Is [Teaser])
    EX: 7 Lessons We Learned from General Assembly (#2 is Our Favorite)

    47- The Branded Headline
    [Headline Formula] (A [Unique Branding] Guide)
    EX: 134 Ways To Increase Website Traffic In 2019 (A Sumo-Sized Guide)

    48- The Urgency Headline
    [Action] NOW!
    EX: Fix Your Conversion Rate NOW!

    49- The Target Audience Headline
    [Target Audience]! Are You [Undesirable Outcome]?
    EX: Bloggers! Are You Leaving Traffic on the Table?

    50- The Bold Statement Headline
    [Bold Statement]: What We Learned [Data-Backed Evidence]
    EX: Pop-ups Aren't Dead: What We Learned Analyzing 2 Billion Pop-up Examples

    51- The Curiosity Headline
    You Probably [Vague Statement to Trigger Curiosity]
    EX: You Probably Won't Read This

    Source: https://sumo.com/stories/headline-formulas#title1

    submitted by /u/jaiga99
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    Has anyone risked everything and failed?

    Posted: 07 Apr 2020 09:23 PM PDT

    We always hear stories of entrepreneurs who are super successful but started at the bottom or lost everything along the way... but I wonder how many people started under good circumstances, lost everything and never found their success story

    submitted by /u/iniias
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    What adjustments have you made during quarantine that is setting you apart from your competition?

    Posted: 08 Apr 2020 10:44 AM PDT

    I own a martial arts gym. We're obviously not the only game in town switching to virtual classes. It seems like everyone's got a different approach... Especially us.

    The first 2 weeks we were shut down, I was in denial. I didn't think we'd be out for 6+ weeks. The third week that denial went strait to depression... I went through all 5 stages pretty fast. One night (Monday) was depression over losing something I've sacrificed so much for... Tuesday I accepted that it's out of my control and I need to keep pushing forward.

    Wednesday I set up special Facebook groups, put out an ad and an event for free live workshops, and started pushing everything through the group.

    Today I'm the only martial arts gym in Minneapolis (that I've been able to find) that's even considered anything like this.

    In the last week I've gotten 45 leads, and will start attempting to close over the phone with some special offers, access to daily zoom classes (instead of once a week) and a couple promotions to help give peace of mind, save some money in all this uncertainty, and enroll new members... While everyone else has stopped marketing and advertising, we're doubling down.

    What have you done to set yourself apart?

    submitted by /u/iamgeniusface
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    Banker here- Been working day and night on SBA PPP loans. AMA

    Posted: 07 Apr 2020 10:49 PM PDT

    Been working countless hours on SBA PPP loans since they released. Ask me anything regarding SBA PPP loans. I'm happy to help!

    Edit: Going to sleep for the night. Leave your questions and I'll answer them tomorrow!

    submitted by /u/Creative-Dingo
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    How to survive COVID-19 with minimum damage?

    Posted: 08 Apr 2020 02:46 AM PDT

    Having a bit of experience working as a PM, I'd like to hear first hand from PMs what their top concerns are given these unpredictable circumstances, and am especially interested in how they vary from field to field.

    How do you communicate with team about clients retention? Do you have this concern? Have you thought to optimize some of your product/service positions, giving less value for a cheaper price? Or, is it a loss-strategy, since your clients got used to paying less? Which project management strategies do you apply, to keep your team working at the same level of performance?

    submitted by /u/Bombastic332
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    The most efficient way to make money online. Affiliate links.

    Posted: 08 Apr 2020 03:02 PM PDT

    Affiliate links are the simplest and easiest way to make money online. You sign up with a company and they give you links to promote. When someone buys a product with the links you promoted you get a commission on the sale. The best way to promote these links is Reddit. Most subreddits do not allow it including this one so I recommend a good place to start is r/affiliatedeals. They encourage people to post affiliate links because it motivates the people posting the links to post the best deals and gives the best place to find the best deals for the consumer.

    submitted by /u/kpmtech
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    Where do you find an updated list for new startups?

    Posted: 08 Apr 2020 02:30 PM PDT

    I'm wondering if there is a place that aggregates all the new/recent startups. I guess I'm looking for something similar to crunchbase but managed by the community. I will be down to create something if there's none - I would only need the data.

    submitted by /u/bhindthesin
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    How would I go about starting a self-storage facility once I have the money to do so?

    Posted: 08 Apr 2020 02:21 PM PDT

    This is far in the future so I may sound a bit naive, but I'm wondering about this in terms of land-use purposes.

    I know every jurisdiction is different but I'm hearing conflicting information about what I'd need to do. Some sites are saying that I'd need to petition to whatever town it's in to "allow me to develop there", But why would I need to do that? Doesn't C-_ or B-_ zoning give you the right to put whatever you want (within the zoning/code's guidelines) on that property? At what point does a town need to give you "development permission"?

    Also, to get permission (if it is needed), wouldn't I need to own the land first? If so, isn't that sort of paradoxical and highly risky, because I might have just wasted hundreds of thousands of dollars on land that I can't use for my intended purpose?

    Again, I know I'm probably asking stupid questions but I don't know how else I'd get this information. I have to start somewhere.

    submitted by /u/dildodickgollum
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    Suggest sales book to read

    Posted: 08 Apr 2020 02:13 PM PDT

    Hi guys,

    Could you suggest your favorite book to improve/generate sales?

    I would like to read a book about sales, cold calling/emails and the most important about sales psychology, so I can sell better.

    Regards

    submitted by /u/jamesftf
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    If I loved ‘Zero to One’ what other books would you recommend?

    Posted: 08 Apr 2020 02:11 PM PDT

    Started a company during my MBA doing light financial modeling work and am looking to learn more about entrepreneurship and startups. Really enjoyed Thiel's breakdown of the mindset- any other recommended reading?

    submitted by /u/TimeCell24
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    How I get a 58.4% conversion rate

    Posted: 08 Apr 2020 01:49 PM PDT

    This is how I get a 58.4% conversion rate on my landing page, from cold traffic.

    https://youtu.be/wT1RtLa-MhM

    While I don't believe I'm setting the world on fire, there are a few core things that I believe anyone can use on their landing pages to increase conversion rates.

    You probably already know that the typical conversion rate is 2.5% while the top 10% highest converting landing pages see rates of 11%.

    But if you're struggling to convert, bear in mind that conversion rates vary from industry to industry, with some industries seeing close to zero.

    Anyway, here are a few things you could try:

    • Get specific

    Make an offer that solves a VERY specific problem or promises a specific outcome.

    Even though I'm talking about landing pages typically used for lead gen, you can (and probably should) apply sales techniques.

    So you gotta hit their emotions, and their logic... you need to appeal to both... and an easy way to do that is with clear features and benefits.

    There's a famous saying "sell the sizzle, not the steak".

    Or another one I like is...

    "A man needs two reasons to buy something, the reason he tells his wife, and the real reason".

    • Know your audience

    You have to address their pain points, know their goals, and overcome their objections.

    I think a large part of marketing is establishing rapport through mirroring their desire, acknowledging their struggle, and overcoming their objections.

    It's ok to occasionally repeat yourself on the page, if it helps to make your message clear and easier to understand.

    You can remind them why they're there in the first place.

    And then give them multiple ways to take action.

    Anyway, just figured I'd share what's working for me with you guys, and happy to answer questions.

    submitted by /u/mickmeaney
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    I Got a Copywrite Strike From Fall Out Boy for Selling Fallout Cosplay Items.

    Posted: 08 Apr 2020 09:41 AM PDT

    I have been profitable since the first month of my eCommerce business.

    My initial costs were less than $1000, and made around $1500 the first month with an insane profit margin.

    It didn't really feel like it was hard work, because it wasn't. I did it by accident, it's just an honest answer. The thing about Etsy is that, in my opinion, it is a get rich quick scheme.

    As we know, that term is shady as hell, as is Etsy.

    You can get a business up and running, making at least $1000 in the first month SO easily, it makes all other businesses seem stupid. But like all "get rich schemes" comes with a catch: Etsy suspends and bans people for no reason, or almost no reason, all the time.

    That also happened to me.

    I was making Cosplay stuff inspired by the videogame "Fallout" - I remember I was afraid of copyright issues so I contacted the company who owns the franchise. The legal team eventually responded and said, they don't really allow, but then won't take it down either. This for me meant I could do it but they couldn't really say "you can do it" because they would be giving me a license, which they don't want to, not without paying a huge fee of course. I still sell this stuff by the way, if you are curious.

    Later on, I got a copyright strike on my store…but it wasn't from the people who own Fallout - it was from the punk rock band called "Fall Out Boy", which has nothing to do with Fallout the videogame. My store got suspended because I had 3 or 4 different items taken down on different days, for the same reason.

    My suspicion is: they randomly selected items that were ranking for their keywords, and my stuff got caught in the middle. My store was permanently suspended (banned) and from one day to another I had no business. Not only that, but they also banned my girlfriend's Etsy store because we shared the same IP address. She had nothing to do with it, and got banned too!

    I was shook and didn't know what to do. I needed money fast, so I quickly created a new store using Wix to build my own website, and slowly started getting sales again using the Facebook and Instagram fans I got along the way.

    THIS IS AN EXCERPT FROM THE SOLID POP INTERVIEW. Below the fold is a community where entrepreneurs share and inspire. Connect with and learn from other founders who are growing their businesses and read the full interview here: https://belowthefold.fm/interviews/solid-pop

    submitted by /u/BelowtheFoldfm
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    I hear this a lot on Shark Tank. “I’m looking for a strategic partner, not just an investor.” What’s the difference?

    Posted: 08 Apr 2020 01:17 PM PDT

    Thank you

    submitted by /u/pokemon_yo
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    Can people post business banners in public locations?

    Posted: 08 Apr 2020 01:14 PM PDT

    I've noticed a ton of advertisements just put everywhere in my city.

    I'm wondering if it's legal, or if anyone has put up any banners "illegally" but no one has cared.

    submitted by /u/2underrated
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    Webinar—CARES Act: Getting the Government to Cover Your Payroll Costs

    Posted: 08 Apr 2020 12:45 PM PDT

    Webinar—CARES Act: Getting the Government to Cover Your Payroll Costs The CARES Act was signed into law on March 27th to mitigate economic damage caused by COVID-19.

    How can small and medium-sized businesses leverage the Act to stabilize their operations? Please join us for our webinar, "CARES Act: Getting the Government to Cover Your Payroll Costs" and learn: The provisions of the CARES Act that apply to both: For-profit businesses and qualifying Nonprofit organizations Steps you can take to help leverage the Act for your specific situation.

    https://online.sageintacct.com/WBN-2020-04-09WebinarCARESActGB_02.LP-RegistrationWebsite.html

    submitted by /u/da_chosen1
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    Website making?

    Posted: 08 Apr 2020 12:41 PM PDT

    Hello, not sure if this has been posted elsewhere, but I'm wanting to create a website that has the potential to generate some income. Have a few ideas rolling but not sure where to go now. How would I go about setting up the website, hosting, all the technical checklist that needs to be complete?

    Also, if this route is taken, how would I set up a possible buying/selling market on the site itself, sort of like ebay?

    submitted by /u/spontaneous-101
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    First steps validating course ideas, also deciding between products

    Posted: 08 Apr 2020 12:33 PM PDT

    With clients hitting major cashflow issues just before Covid19, and one collapsing because of it this week before they could pay a bean, I've been left in a not great financial situation, and have been trying to think of ways to leverage my experience during this global lockdown. Like many others in this sub, I thought perhaps developing and selling an e-learning course was worth exploring.

    My experience over the last 12 years has been in government relations, govtech and B2G/ large corporate sales, and consulting on communications, remote operations, and business development. I have been lucky enough to work with very senior people within governments within the UK and EU, and know some non-typical engagement strategies that most people, even within the sector, may not know. I have also built good experience in developing strategies for sales and comms, and building remote team processes. I figured some of these experiences and the non-typical strategies I have learned may be useful to some folks in this time.

    I would appreciate any feedback, if anybody has a moment, on 2 things.

    Firstly, which course idea (if any) would provide most value to you as business owners or senior decision makers.

    Secondly, if one course idea does seem useful to you, what are your pain points and what do you wish you had the knowledge or a turnkey playbook to do?

    Course idea 1: Building a remote SaaS or Govtech sales team.

    Course idea 2: A course helping SME's, charities and social enterprises develop non-typical strategies to engage and influence decision makers. Government and parliamentary influence is dominated by major corporates and larger charities, but there are things smaller companies and charities can do to get their voices heard and speak to decision makers directly.

    Course idea 3: crafting a three stage presentation process that works for government sales and large corporate sales.

    If nobody sees value in any of the above, that's really useful to know! If one course jumps out as useful, I would love to know what your pain points are and what transformation you would like to undergo so I can be sure to target those too.

    Thanks for any help chaps!

    submitted by /u/paddyo
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    Don’t want to sound like the General ‘idea guy’ but pls lend me a moment. Here’s why ;

    Posted: 08 Apr 2020 12:26 PM PDT

    So I am looking to work on this company, which is a software company that builds both trust/reassurance and a relationship between consumers and autonomous vehicle.

    Using our app users can input their feelings, moods and favorite places to go etc.

    This information is then directly transmitted from the app and into the self driving vehicle using artificial intelligence and machine learning.

    Imagine if you was stressed out in the morning and you simply press "stressed" on our app, and once you get on, your vehicle starts playing chilling music 🎶 which reflects your mood.

    Or that the the vehicle knows your favorite restaurant and when you press 'Food stop', it takes you to McDonalds or wherever.

    I personally believe this would increase consumer trust/reassurance and confidence in autonomous vehicles

    More than 70% of American don't trust self driving vehicles yet they're the future, and sure this statistic may be due to the safety aspects which a lot of big tech companies are trying to get ahead of, however something like this is not their focus currently in my opinion.

    What do you think reading this ?

    Ask me questions please Anything from criticism, to financial/technical questions are welcome!

    submitted by /u/idkwaffler
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    Unused Land in BC

    Posted: 08 Apr 2020 12:21 PM PDT

    Alright, so here's the situation. A few years back my family inherited 77 acres of land in the interior of British Columbia. Some important pieces of information about the property:

    - The land is in a very sunny, dry area with no trees on the property
    - Located on the Agricultural Land Reserve
    - 10-minute drive from a city of 100k people.
    - Water access on the land is poor, many neighbors haul water in.
    - The property has electrical grid connection

    I've been evaluating a few ideas on what to do with this land, but am coming up somewhat short due to restrictions on each, for example solar power: BC Hydro has cut their buyback program, so that's seemingly a no-go.

    I'm hoping someone can inspire another idea, I'd love to hear your thoughts. Thank you!

    submitted by /u/ctiz1
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    capitalizing on assets just sitting around.

    Posted: 08 Apr 2020 12:17 PM PDT

    Something we're capitalizing on right now, is buying/partnering with small businesses who have a transactional email account, that is in good standing, that my company can "rent" from them for a month or two while they're sending lower volumes.

    It's been a win-win, as I get a discount on the services they are paying for each month - while they get cash coming in they wouldn't already have.

    Have you guys done anything similar to get a deal in this shit timeline?

    submitted by /u/parlayoloswag
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    Young entrepreneur with a business plan

    Posted: 08 Apr 2020 04:41 AM PDT

    I've written a business plan for an app I really think will work but I'm not sure of my next step. I'm not an app builder so it's not like I can start bringing the app to life.

    It's had great feedback from those in the industry but I'm unsure of what to do now?

    What do I do next?

    submitted by /u/bluerose2019
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    A very friendly man at the SBA Customer Service Center informed me it should take at least three weeks from the application date to receive any notification about your COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION.

    Posted: 08 Apr 2020 08:00 AM PDT

    In case anyone else was wondering.

    submitted by /u/alejandroclark
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    Shipping items at a generic mail courier that isn't official USPS. Are my packages still insured?

    Posted: 08 Apr 2020 09:31 AM PDT

    There is a very small mail courier near me, it's essentially just an empty store with a banner on top saying it accepts USPS/FedEx/UPs/DHL.

    I dropped an item off as a test yesterday and they scanned it in and gave me one of those labels with receipt of dropping the item off.

    It hasn't moved in the usPS system but they said it's because USPs has to collect it first.

    I just wanted to check, is my insurance still valid using these places?

    It's very handy as I don't want to go to USPS and stand in line with 30 other people, where this hole in the wall mail courier is never busy.

    submitted by /u/ButtGardener
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    How many of us feel like they making it in life ? Heres a quote from Adventago

    Posted: 08 Apr 2020 09:18 AM PDT

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