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    NooB Monday! - (May 04, 2020) Entrepreneur

    May 04, 2020

    NooB Monday! - (May 04, 2020) Entrepreneur

    NooB Monday! - (May 04, 2020)

    Posted: 04 May 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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    Ideas are Addictive: A Word of Warning for Wantrepreneurs and Distractible Entrepreneurs

    Posted: 04 May 2020 08:39 AM PDT

    I apologize if this post comes across as "soft" in a subreddit that appreciates hard strategies, numbers, and case studies, but I'd ask that you not downvote it if you don't personally relate with the content. My goal is to help a handful of redditors realize that their "shiny object syndrome" is not a syndrome at all, but a symptom of a larger problem.

    Hello all, longtime lurker here who recently made an account because I've figured out I have some insights and experiences to add to this community. This post is for people who:

    • Have multiple notebooks with filled with viable-yet-unvetted business ideas.
    • Have a desktop folder of self-drafted or commissioned logos for nonexistent businesses.
    • Have domain name registrar accounts with lots of unused business-related domains.
    • Have experienced the social frustration of being labeled an "idea guy" who has talked to lots of people about ventures in the past and more recently cringed at the thought of mentioning a new idea you're chasing because someone will ask "What about X that you were working on?"
    • Have invested significant time and work into dozens of ideas, but only to early phases, resulting in feeling exhausted with no semblance of measurable progress.

    I am writing this post because for years I have met every one of these criteria, often all of them at the same time. I know many of you also struggle with the burden of too many ideas because I've seen dozens of posts about it in this subreddit, and I am here to tell you that ideas are addictive.

    Every since I was a teen, I have enjoyed the process of coming up with business ideas. In recent years, I have developed some advanced skills around branding, graphic design, and business model development that has only accelerated my ability to shape the beginnings of a new venture. The problem is that I've never actually launched a successful business because the painful truth--one that took a lot of self-analysis and therapy to uncover--is that up to this point, launching a successful business wasn't my actual goal.

    My goal has been to distract myself. At some point early on in life, I adopted a coping mechanism of achievement to avoid dealing with difficult experiences. (All addictions are, at their core, coping mechanisms that make existence momentarily bearable while disguising the real issue and causing additional pain in the long term.) Business ideas are a great achievement-related distraction because they can trigger the release of hormones that make you feel excitement, a rush some of you may be familiar with. The problem is that after the new-ness wears off, you have to abandon that progress and chase a new idea or you'll start to feel depression/anxiety/anger creep in. I've recently wondered how many successful businesses have been abandoned not because the path to launching them was difficult but because the would-be entrepreneur refused to see the cycle they're trapped in.

    The good news is that you can escape the cycle of endless ideation by working through the underlying issues and identifying a path toward authentic achievement. This process can take some time and it will look different for every person, but the options may include mindfulness (journaling, meditation, exercise), trauma-informed therapy (EMDR, internal family systems therapy, cognitive behavioral therapy), medication, or a blend of multiple approaches.

    If you're skeptical about taking a step back from your ideas and experiencing a period of what feels like unproductive, unpleasant self-reflection, consider this: If you somehow stick with an idea long enough to make it successful, the stress of managing both your unresolved internal conflict and the external challenges of scaling a business will likely cause you to burn out or implode. Take the time. Your long-term success depends on your ability to break the addiction to ideas.

    submitted by /u/wearehumanpowered
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    Fast forward 3-5 years - what are some of the best businesses to start post-recession? Especially the kind that don't need you to be there all the time e.g. car salesman, doctor or a lawyer

    Posted: 03 May 2020 10:57 PM PDT

    Fast forward 3-5 years - what are some of the best businesses to start post-recession? Especially the kind that don't need you to be there all the time e.g. car salesman, doctor or a lawyer

    submitted by /u/IndianEpictetus
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    How to validate your startup idea easily and cheaply?

    Posted: 04 May 2020 08:28 AM PDT

    Last week I shared how I spent a truckload of money to build a product that went into the bin entirely. So, I thought that I should also share the counter-story - those startups that validated their ideas easily and cheaply.

    So we all know the story of Dropbox. Drew just released a video and overnight his waitlist increased from 5000 to 75000. Sure, that's amazing. Building Dropbox (a super complex product) would have taken him years and he was able to get so many users without much of a product.

    Relatable examples

    But let's face it. Not all startups that are built, become billion-dollar companies. Neither do they have to. A million dollars is also a lot of money. For hell's sake, even a few thousand dollars is quite some money (yes, as a broke-ass entrepreneur, I can attest to this).

    So, I thought of sharing more relatable examples (smaller startups), so that we can move beyond doe-eyed admiration and analyze how this can be imbibed into our execution process too.

    1) GrowthMentor (TL;DR: through Google Ads)

    Idea
    The first one is a startup called GrowthMentor. So, Foti (the founder) decides that he wants to build a platform that connects expert marketers with entrepreneurs in need of very specific advice. Simple and neat idea.

    Setup
    So, he invested $100k to build the tech for such a platform - nope, he didn't. He spent $500 on Google Ads to drive traffic to a simple marketing page that he pieced together, targeting people searching keywords such as "find business mentor". Each click on the ad cost him $2 at an 18% conversion rate - simply put, out of the 250 clicks about ~45 filled his form!

    Validation
    He quickly managed to get on a call with 10 of them and interviewed them to get a clearer idea of the kind of problems he should solve for. So, not only had he established a channel to find potential customers, he now also knew how much it cost to acquire one.

    2) Hubstaff (TL;DR: through a white-label product)

    Background
    This is in 2011 when Dave was paying $24k to Upwork (then oDesk) to just manage his remote developers. He felt that was not value-for-money at all and that surely there were others who thought the same.

    What did he do?
    The key here is the phrase, "He felt". The graveyard of failed startups is filled with entrepreneurs who did things because they "felt" rather than because they "knew". Having already built a couple of startups, Dave understood this. So instead of building a costly product, he picked a white-label product. Like Foti, he set up a marketing website and started driving Google Ads to it.

    Result
    He was able to land 15 paying customers in a couple of months and he had proper numbers of acquisitions costs, RoI, etc. He then realized that the thing stopping him from scaling the effort, was the buggy product he had at hand. So, with the data he had accumulated he pitched to Jared (his current co-founder & CTO). They are now doing a cool $7 million a year - entirely bootstrapped.

    You can read this issue of the newsletter on my website too: https://2.flexiple.com/newsletter/validating-your-idea-in-the-path-of-least-resistance.

    I write articles each week on my mistakes, learnings and other entrepreneurial stories. You can find them here: https://2.flexiple.com/entrepreneur-musings

    submitted by /u/karthiksri91
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    I have many ideas but I can't execute it

    Posted: 04 May 2020 01:04 AM PDT

    It sucks sometimes that I am really scared to execute the product I wanted

    to sell. For ex, I already have 1 custom shirt design and was planning to have a pre order on it

    but then I really am scared what if it is not a success and then after a long time of thinking, I feel like I don't want to do it anymore. It's like I'm a rock whenever I wanted to sell potential products of my own.

    submitted by /u/earvinnill
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    Top 10 Founder Articles for The Week

    Posted: 04 May 2020 01:45 PM PDT

    Hey guys, I've been a long-time reader of HackerNews, and found the founder-oriented articles there to be world-class (far better on anything I've seen on any other community (except this one, of course :) ). I curated a list of the top 10 articles relevant to tech founders. Here you go:

    1. Good writing is a business advantage (447 votes)

    https://news.ycombinator.com/item?id=23006106

    This article explains why copywriting is such an important skill. They divide communication into 3 parts, "the three Ds":

    a) Definition ( What does a product, service, person or company actually do? How do we define them in a brief, ownable and memorable way.)

    b) Demonstration (good for capturing value, people pay attention to things that are interesting)

    c) Dissemination. How do we use the 32 million channels people tune into these days to get our messages out?

    2. Pricing Your Product (456 votes)

    https://news.ycombinator.com/item?id=23053271

    The Sequoia Capital Guide to Pricing. One valuable comment was:

    "One of the biggest lessons I've learned as a VC in the past few years is that pricing really has to be aligned with and proportional to the value your product provides. If someone gets $100 of value per seat and you charge $15/seat, that's great. If you charge $15/seat for a product that creates value per gigabyte, people start gaming the system. E.g. they'll buy one seat for their company and ask that person to be the proxy user for your product. Or if you charge $10/GB and people get $20/GB of value of the first few gigabytes and then $5/GB of value after that, you're going to run into problems.

    So figure out how users perceive and quantify your value to themselves, and then try to come up with a simple pricing scheme that captures 10-25% of that value. That way every time someone pays you $1, they get $4-$10 of value, and that's a no brainer purchase."

    3. Signs that a business idea will probably fail (266 votes)

    https://news.ycombinator.com/item?id=23059786

    Covers some important points to consider before acting on your idea. Some I found valuable are:

    a) Don't be completely clueless about what you're getting info. According to the author, "If I think about the ideas that have worked for me, I've been able to utilize a lot of my existing skills to make them work."

    b) Don't try to change buying habits.

    c) Your offering is not interesting enough. I personally remember these "writing + AI" companies that were, in fact, 99% writing services. Try to think to add something interesting to your service/product.

    4. I Spent $6M on Google Ads Last Year (417 votes)

    https://news.ycombinator.com/item?id=22996330

    Has some nice pointers for advertising on Google. One thing that stood out for me is "the house always wins" section:

    "Target CPA is like buying a car and telling the salesman the highest price you're willing to pay right at the beginning. Of course they're going to sell you the car at that price, but you could've gotten it for less."

    So when trying to get something from a PPC network like AdWords, tell them what you want up-front. If you ask for clicks, they will give you clicks (but not necessarily conversions). If you ask for conversions, it will try its best to give you conversions.

    5. How to sell a B2B product (624 votes)

    https://news.ycombinator.com/item?id=23052001

    The nice thing about software is that it's not like commodities (like coffee). It would be outrageout for an ordinary shop to sell a cup of coffee for $50. Not so much if you're a SaaS, and if you deliver $500 of business value for that $50. Some of the main points of the article are:

    1. Not sales, consulting
    2. Teach people something they don't already know (non-obvious, 'wow why I didn't find this out 6 months ago'-type
    3. Before/after states

    They also offer a "closing mantra" template that goes like this:

    If I understand correctly, you want to achieve the following business outcomes…Which require the capabilities to...And impact the following metrics...Here's how we do it…And here's how we outpace our competition…For more info, you can check out the following proof points…

    6. The weird, get-rich-quick world of dropshipping (342 votes)

    https://news.ycombinator.com/item?id=23041138

    A great article about the good & dark side of dropshipping. Shows you what can happen to a business if it suddenly gets flooded with competitors. Also, a recurring pattern that happens in low-barrier-to-entry industries:

    Once enough people enter the market, the people who make money are the "gurus", now they have highly motivated buyers ready to do anything to become successful...and the only thing separating them from their dream life is the gurus $600 magic course.

    ​

    7. Startup Offense and Defense in the Recession (93 votes)

    https://news.ycombinator.com/item?id=23047488

    When crisis strikes, do you do offense or defense? Both. This article gives you some ideas. One useful thing they mention is reviewing your customer industries:

    See what % of the people you sell or (or your clients sell to) are travel/hospitality/similar industries that were hit.

    ​

    8. Ask HN: Learning the business-side of things as a developer? (199 votes)

    https://news.ycombinator.com/item?id=23050717

    Some interesting advice for a developer who wants to venture into creating software. Some of the more useful comments:

    ​

    - Read interviews from founders who went to the trenches and did it (on sites like IndieHackers). See books like "Traction" or "Start Small, Stay Small"

    A solo developer who grew a business that now has 40+ employees said:

    - At the crux of it, business is all about scarcity. There is no other magic out there. A great question to ask yourself is: How many people want what I sell and how many people are already serving it.

    9. I could do that in a weekend (2016) (336 votes)

    https://news.ycombinator.com/item?id=23019816

    Have you ever seen a popular product and thought: Well, I could do that in a weekend? Well, you're probably forgetting about at least 2-3 other (and far more important aspects) of having a successful business. Read this article before you spend 2 weeks copying a successull software business.

    ​

    10. WebWormHole: Send files quickly using WebRTC (630 votes)

    https://news.ycombinator.com/item?id=23023675

    WebRTC is the technology that powers a lot of video conferencing software. It seems this is just the tip of the iceberg of what's possible.

    Looks like you can do a lot more with it, like peer-to-peer file transfer over the web (like this example). If you're looking to innovate on a particular technology, WebRTC is definitely a good candidate.

    Hope you found these useful! If you want to get a list like this each week, feel free to subscribe to my free newsletter: https://founderweeklys.com/

    submitted by /u/darkomkd
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    Did Robert Kiyosaki sell out?

    Posted: 03 May 2020 07:03 PM PDT

    I read Rich Dad Poor days years ago and really liked it and use a lot of what I have learned. But lately I am seeing tons of Kiyosaki stuff. It looks like he's tacking onto every guru out there with some new get rich quick scheme which is disappointing to see. I see him in facebook ads every day. It used to be with the make money on KDP guy, then the make money with courses guy, now it's real estate without buying real estate.

    Am I reading that wrong?

    submitted by /u/Soruze
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    Some hacks on how I grew my E-Commerce business from scratch via Instagram

    Posted: 04 May 2020 02:33 AM PDT

    I started my shoelaces business back in 2018 with no background running ads and actually selling online. Fast track to today and I would like to say I captured a niche market for my products. Just wanted to share how I started growing from 0 followers and getting free product photos from my customers.

    If you think about it, you need lots of shoes to post photos of my products (shoelaces). Back then I had 3-4 pairs of shoes so it doesn't make sense right? What I did cold called potential influencers and streetwear enthusiasts. This was inspired by GaryVee who speaks of engagine with your potential customers on instagram.

    How did I get their ig handles? Search for Hashtags related to the niche. For me that's #adidas or #hypebeast or #yeezy then sent them a proposal. I'll give you X pairs of shoes and you give me content/photos for my instagram site. Sent this to many people so this really is hard work in a sense.

    The result was so so great that you have to try this for yourself. I got an up and coming Street influencer who gave me around 40+ photos for free!! I just saved hundreds of dollars hiring a photographer just by being genuine and connecting with these people. I also connected with a then 10k follower Influencer, who in just 2 years has gotten over 200k+ followers and 642k follower on Youtube! I even got featured in his Christmas giveaway video on Youtube that got me thousands of views of my target market for free! I also invested in Instagram Ads but, just like most people, I don't have that much money. I was broke when I first started out with $400 to bootstrap my business. Now, I spend more than that on Ads alone. I just put in the time learning and hustling to make the least amount of mistakes (and let me tell you, there are a lot of trial and error on Instagram).

    The only point I want to prove is that there are so much things going on in the Internet, you have no excuse to stop unless you have tried everything. My best advice is to learn everyday. Get Online Courses on Udemy for $11 (That's less than a month's Netflix subscription in some countries!) Watch GaryVee videos or Ted Talks or any video that gives you golden nuggest for FREE. We are living in the information age wherein everything is free, just put the time in it (vs going to Netflix and binge watching your favorite show then afterwards complain about being stuck at work or at life) You know what I mean?

    Let's talk about your business! If you need any help with any of your business online, let me know!

    TL,DR: Instagram has so much potential to grow your business, just put in the time. No Excuses.

    submitted by /u/killstreakXiii
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    The #1 Best Piece of Advice for Entrepreneurs

    Posted: 04 May 2020 02:01 PM PDT

    DON'T EVER QUIT!

    That's it. If I had to give only 1 piece of advice to aspiring entrepreneurs, it's don't fucking quit.

    It may be an unpopular opinion. It conflicts with the idea of fail fast / fail hard. But every successful business has this in common - THEY NEVER QUIT!

    Businesses aren't created overnight, they take blood, sweat, and tears. The truth is most people will quit when things get difficult. Many more people never even get started. They fuss about names, websites, branding, and other stupid shit.

    The majority of new entrepreneurs focus on the stupid shit upfront and just waste all their time. Then they figure out that starting a business is harder than they thought, so they quit.

    If you want to be successful, start a business and never quit. Keep learning, keep improving, keep moving forward. You will be successful. This stuff isn't MAGIC. Hard Work + Time = Success. There will be moments when you want to quit, when you lose faith in yourself, when you're facing seemingly insurmountable obstacles...

    "If You're Going Through Hell, Keep Going"

    In 5 years you will look around, realize you made it, and then you can thank me. :)

    submitted by /u/password_is_ent
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    I’m about to Quit my Job to start my own Business. Any tips would be really be Appreciated.

    Posted: 04 May 2020 01:50 PM PDT

    I'm planning to Quit my job to do a full time Business in designing clothes.

    Some of the designs are about 90% ready. My age target are 14-18 years old. I've already found a company that would be able to do the designs on the clothes. Found a supplier for the plain shirts and jackets.

    The thing is I want to do something where some of the clothes are massed produced and some are exclusive or season? If that's possible.

    And any other tips? Thank you!

    submitted by /u/hyree10
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    Is it legal to start an online pepper spray brand company?

    Posted: 04 May 2020 02:57 PM PDT

    Will look into it tonight

    If you have some information and don't mind sharing, will appreciate it

    submitted by /u/jamesbond0512
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    Building up a competitive advantage?

    Posted: 04 May 2020 02:50 PM PDT

    Is the core idea to business is to build a competitive advantage. To become distinctly specialized in some way or an overall strong competitor.

    For example Apple is a distinct luxury brand and easy to use product. It's a very dominant specialized competitor.

    Samsung is a strong competitor that can make very good high end to low end products. It's an overall dominant competitor.

    The idea is for a business to find a way to continually build up the business to be specialized, or overall a dominant company. To get above average results. Is this the core idea of business to make a company that is tailored to the customers / market, and is very dominant (strong brand, strong product, good price)?

    submitted by /u/Putrid-Excitement
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    Pain points for entrepreneurs who LOVE learning and improve themselves?

    Posted: 04 May 2020 02:49 PM PDT

    Hey fellow entrepreneurs,

    I'm looking to get feedback/learn from those of you here who are really dedicated and gung-ho about learning and improving.

    Improving anything - your habits, skills, knowledge, mindset, etc.

    Perhaps you read a ton of books, take online courses, or have even considered hiring a coach before.

    ----
    My question is -- what is your BIGGEST pain point / challenge when it comes to improving yourself as an entrepreneur?

    Ideally something you think about all the time and try to solve it but haven't been able to solve it well yet.

    Thanks in advance for your responses!

    submitted by /u/stellarowl12
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    Twiger | Share Tweets On Instagram In A Beautiful Way | A Free iOS & Android Tweet-to-Post App

    Posted: 04 May 2020 02:41 PM PDT

    Easy way to share Tweets and make them fit your Instagram page! Check it out.

    https://youtu.be/naIwqaiq60Q

    submitted by /u/subreddit1
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    CBD Banking

    Posted: 04 May 2020 02:36 PM PDT

    Hello Everyone,

    I wanted to post and see if anyone on this sub could possibly help me with finding a banking solution for CBD businesses. I am located in Los Angeles and have called over 100 state chartered banks and credit unions with no luck, and am wondering if there is anyone who has gone through the same issues and have found any opportunities.

    Thank you for the time!

    submitted by /u/hamdragon_un
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    Starting up

    Posted: 04 May 2020 02:33 PM PDT

    What is a good business to get into when your 14?

    submitted by /u/Phantom-YT-
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    Please destroy me

    Posted: 04 May 2020 02:25 PM PDT

    Hello guys. I've built a landing page for my business EZBiolink and would like to ask you to destroy me with your feedback. Constructive feedback will be very helpful. Thank you in advance.

    submitted by /u/vertexgamingus
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    A business selling children clothes

    Posted: 04 May 2020 02:12 PM PDT

    Hey guys. I don't have any particular skill and I have had a ton of ideas to do but felt dumb when I sleep on them. My latest one is buying children clothes from Alibaba and reselling them in my country by delivering them myself to the ones buying. I plan on starting as a side hustle and if everything goes well turning it into a business. Any tips for me? Like how much do I invest in it? How do I try it and see if it works without commiting to much? Cuz I am afraid I will fail at this

    submitted by /u/dabace
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    Custom packaging/product

    Posted: 04 May 2020 01:04 PM PDT

    Title should probably say: custom container...

    I am going to launch a product that has two key value proposition points; it's packaging and it's better value per weight of the material inside.

    I have been discussing creating this package/container with many suppliers from Alibaba and while they can create the general moulds for the container there are intricacies to the container that they cannot figure out. I need a clearer design of the product to be able to discuss with these manufacturers about producing each element of the design.

    [b]So, my question is does someone recommended a company to work with to help bring our design to life as well as find a manufacturer (or manufacture it themselves)? Finding people who work with plastic is easy enough but we need a metal container.[/b]

    We would like our container to be made out of aluminium, tin or something metal. It is a smallish container (80mm high, 40mm wide) but has some features to it (it's not quite just an empty container with a lid).

    I have sketched the product myself in Autodesk Inventor and it looks good, but I don't know how to make some of the features to the container nor how to sketch it to what is possible with the materials we would like (metal).

    submitted by /u/THEWESTi
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    Partnership Guilt.

    Posted: 04 May 2020 12:53 PM PDT

    I have been working with my brothers for the last 7 years. We have had great ventures and terrible losses. I have contributed 0. By this I mean every business and "Side project" have been ideas of theirs, connections and friends they have had ect. I have always worked on the ground floor, Financially paid my dues and backed when and where needed. But I can't shake this feeling of guilt that I have not brought anything to the table so to speak. Anyone ever deal with this or similar. How did you fulfill your contribution if you have.

    My great fear is that as an Entrepreneur I suck and I can only call myself that because I refuse to work for someone else. I do look for opportunities , I do keep my door open but do I lack the "Insight/Gift" we all know a good entrepreneur needs?

    submitted by /u/Lunar_Effect
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    Business Foundation in progress; Hoping for guidance and advice - Specific shipping logistics

    Posted: 04 May 2020 12:50 PM PDT

    Dear Entrepreneur community, good day!

    I wanted to reach out in hopes of some helpful pointers and tips for a start up hot sauce business that my sister and I have been tinkering with for the past year. We are definitely moving at a slow pace but have done the following so far:

    - Located bulk sources for 1) raw materials 2)packaging (i.e. jars, lids)

    - Completed label designs including front and back (nutritional value)

    - Marketing pieces, started a small footprint on instagram/tiktok/facebook

    - Website is also in progress and we just registered with Shopify

    - LLC has been completed as well as approved brand name through USPTO for trademark

    - Located commercial kitchen and servsafe certification reviewed and approved

    Now the fun part, we have made our first production batch which we are now selling to family and friends through our own small network.

    During the challenging times of Covid-19 we are doing contactless drop offs to family and friends and accepting payment via Venmo. However we've received about 50-60 pending order requests for those outside of our drive-able area.

    So after initial review, I ended up registered on USPS online portal XPS and received a few flat rate box samples (which are all priority, aka medium flat rate, regional box a/b, etc.)

    tldr; I am looking to get your advice on how to absolutely minimize the expenses on shipping product domestically both within short distances (i.e. New Jersey to PA/NY) as well as across country. Right now I did print out a label for Region box from NJ (our hub) to Upstate new york with regional box A which cost a little under $8.

    The product is marked at $10 a jar and weight a little over 1 lbs. So its really hard to eat the shipping cost unless we just make it a flat $5 shipping and handling and eat the remainder or something. What have you guys done or seen done.

    Thanks so much for your taking time to read and please do let me know if you have any feedback/thoughts on what we've done so far in addition to the shipping piece.

    submitted by /u/Hypnotique00
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    Bus Dev as a service

    Posted: 04 May 2020 12:48 PM PDT

    Hello everyone, I wanted to run this by someone to see if this is worth getting into. I'm an IT contractor supporting a few small businesses right now. I do, have a knack for thinking outside the box and chatting with my clients regarding ways that they could expand their business into other markets. I thought about doing some business development research for one of my clients to see if it was viable that my client could expand into a different market. Is this even a thing? I think it could be.

    submitted by /u/Luxtaposition
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    When is it the best choice to steal an idea?

    Posted: 04 May 2020 12:27 PM PDT

    An acquaintance of mine, along with his friend, came up with a not-so-original idea and told me about it. They have a basic, stripped-down UI drawn on paper along with a great name. We've been talking as a group of 3 about starting this project and making it, but I want to ditch them, take the idea, and do it myself. I have much more experience and relevant knowledge than both of them, and I've worked on similar projects in design, programming, management, and marketing roles. I know that if we'd be working as a group of 3, I'd have to spend a lot of time pointing out flaws in their ideas and correcting trajectories (for example, one of them asked a few friends about the idea and received good responses––then said "yeah that's enough for market research").

    So it seems to make the most sense to develop this by myself (not saying I won't hire people to do tasks I don't have time to complete). The issue is one of morality. This isn't the most elegant way to say this, but stealing this idea would make me feel bad. I've thought about trying to work with them but taking a bigger cut or something. I'm really not sure what to do. For now, I'm working on everything I can by myself...

    ​

    Thoughts?

    submitted by /u/towers-
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    Anyone look into the Amazon DSP program?

    Posted: 04 May 2020 11:58 AM PDT

    For those who haven't, Amazon is offering a Delivery Service Partner program. Basically you buy in for 10k, they train you for 3 weeks, and then you get the Amazon vans, routes, workers, etc and have your own delivery company-for Amazon.

    Their numbers say up to $300k net profit a year. But that's running like 40 trucks. Saw one or two videos on YouTube that say it's a bad idea, but most any reviews are from the drivers end, not the actual company.

    After looking at the numbers I also don't think it makes much sense (at 40 trucks to net 300k a year, each truck is only bringing in like $7,500 profit per year (and that's without any major hiccups) so even best case scenario isn't that great). But was curious if anyone did it first hand or knew someone who has.

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