Thank you Thursday! - (May 07, 2020) Entrepreneur |
- Thank you Thursday! - (May 07, 2020)
- 21 tips for great copywriting
- I'm tired of these event ticketing companies charging so much in fees and not refunding tickets to cancelled events. I am going to build a new platform!
- Ecommerce news in the past month-- are you up to date for your store?
- This weekend I am launching a tattoo shop directory. What marketing channels should I use to get the word out and make sure tattoo shops will claim a free business account?
- Return Your PPP Loan NOW?
- What degree would help me learn how to invest, manage my business and handle money good
- Angel investors
- PHONE SYSTEMS?
- Have we been predicting the state of work-share spaces wrongly?
- Need advice please on US business license
- W-8BEN - Anyone request this from international suppliers or vendors?
- My first app! Ujuvo - earn money doing what you do best!
- Raising capital for a marijuana grow & dispensary in a COVID19 world.
- Do you have trouble getting people to provide constructive feedback on your product ideas and prototypes? I do!
- What domain names do you own?
- Mission Tortilla route
- Best resources for pricing and marketing strategies
- Want to start up a cheap rewarding package-free store.
- Help me choose a business name: Cosmic or Kosmic?
- Trouble charging value of the product
- Selling My Wife's 10 Year Candle Biz - Sell it... Or Just Walk Away?
- Looking for introductory/high level books on business valuation
- Alibaba order
| Thank you Thursday! - (May 07, 2020) Posted: 07 May 2020 06:09 AM PDT Your opportunity to thank the /r/Entrepreneur community by offering free stuff, contests, discounts, electronic courses, ebooks and the best deals you know of. Please consolidate such offers 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: 07 May 2020 04:52 AM PDT 1) Write with your eraser You get 100 bucks for every word you rub out from your title: Trello lets you work more collaboratively and get more done => Work collaboratively. Get more done 2) No one cares what you can do Everyone cares what you can do for them - image The worlds first portable digital media player => 1,000 songs in your pocket 3) Avoid the passive voice It's indirect and awkward: it's being loved by me => i'm lovin' itBigger fish will be fried by me => I've got bigger fish to fry 4) Speak with conviction
We help you make a podcast => It's how you make a podcastAn email alternative inside your company => Slack replaces email inside your company 5) Avoid "landing page words" Unlock, unleash, enhance, exceed, empower, supercharge, etc. Real people don't use them. 6) Find the tension "Pleasant" gets forgotten. Conflict creates interest: Insurance for the digital revolution => Forget everything you know about insurance 7) Write how you talk Casual. Colloquial. Full of pronouns: Before Basecamp: You're wondering how you'll quickly transition your team to remote work. People are stressed, work feels scattered, projects are slipping, and it's tough to see + manage everything. 8) Don't exaggerate An honest line always feels warmer: The new Volkswagen. More space. More comfort. => If you run out of gas, it's easy to push. 9) Avoid "contained" titles Write something that pulls your reader down your page: Social media intelligence for your startup => Do you know the value of your Facebook content? 10) Think "Call-to-value" not "Call-to-action" Buttons which amplify "value" over "action" usually perform better.
11) Don't kill your personality The best brands feel "real": As efforts to contain COVID-19 continue, we hope you're supported in taking every measure to protect your health. => Melanie here, CEO of Andie. I'm writing to you from my living room as my dog Sara proofreads — we're both working from home today. 12) More periods, fewer commas. Periods mean short sentences. We like short sentences. Commas mean long, painful sentences, like this one, which New Yorker writers think are clever, but real people find torturous, because they wind on and on without actually saying anything. 13) Use value based messaging People don't want a better toothbrush. They want a brighter smile: Introducing the new and improved Colgate => Smile like you've never smiled before 14) Kill adverbs. They're flowery. They're vague. They try too hard: Effortlessly create email lists from LinkedIn => Create email lists from LinkedIn 15) Think slippery slide Every line of copy should lead to the next. All the way down to your CTA. Watch this ad. You won't be able to stop. 16) Get specific You can't bullshit specifics: Save more on your AWS bill => Save an average of 33.7% on your AWS bill 17) Fence sitters don't buy Go to the edge: Men wanted for hazardous journey. Low wages, bitter cold, long hours of complete darkness. Safe return doubtful. In event of success honour and recognition — Ernest Shackleton 18) Your first line is crucial The first line of your copy is crucial. If people don't read it, they're not going to read your second line either. Make it short. We focus on nearly every muscle in our body, yet neglect the one area we value most, our face. => Your face has 43 muscles. 19) Call out the customer you serve People pay attention when they know something is specifically for them. A creative hub for anyone and everyone => A creative hub for 150,000 authors 20) You're on a speed date The majority of people look at your site for 30 seconds and never return. If you can't make your product interesting in six words sell the benefits instead: All-in-one social automation => Turn followers into customers 21) Copywriting is selling Don't romanticize it. The goal isn't to be clever or cute. The goal is to inspire action: Request a demo => See Drift on your site Thanks for reading. Hope you enjoyed it. Before anyone jumps in these are heuristics, not universals. Learn the rules like a pro, so you can break them like an artist. If you enjoyed it, maybe I can tempt you with my marketing newsletter. I write a weekly email full of pratical marketing tips like this :) [link] [comments]  |
| Posted: 06 May 2020 09:31 PM PDT I think it's time for a shift in the way we discover and buy tickets. I am going to solve these problems: - Too many events to browse to find something worth while. - High ticket fees - almost 30% sometimes. WTH! - So hard to get anyone for customer support. - No refunds on tickets that are cancelled even though I am pretty sure that the artists and event organizers (in some cases) have not been paid. - No way to get real time feedback on how the event is until you buy the tickets and walk in to find it empty or just a bad experience. Any other problems that you people face? EDIT 1: I am not looking to compete with Ticketmaster or Live Nation. They both go hand in hand and this is not new information to me. Alternatively, maybe we can build something that works better for us people. EDIT 2: For those of you asking if this is really something I am pursuing. Here is an update as of 05/07. Brand Name selected. Hired Designer for Brand Identity (due 05/18). MVP feature list finalized (another 6 feature phase added for roadmap ahead). UX/UI starting tomorrow (UX to finish on 05/18). Development planning started (Development estimate 6-8 weeks). Pre launch Marketing planning in progress. [link] [comments]  |
| Ecommerce news in the past month-- are you up to date for your store? Posted: 07 May 2020 02:09 PM PDT In the last month, the following has happened:
Keeping up with the constantly-changing ecommerce environment can be a lot. There's so much news, data, and expert advice floating around there it can be overwhelming. Every Wednesday the Morning Matcha newsletter sends a curated list of the week's latest ecommerce news and marketing tips in an easily-digestible, entertaining email. Old newsletters are archived are also archived after a few weeks on the Matcha blog. [link] [comments]  |
| Posted: 07 May 2020 08:03 AM PDT Hi there! I have been working on a tattoo shop directory for the past year, where users can search for tattoo shops in the Netherlands. This weekend, my website is finished and I am ready to launch. However, I am totally new to this, and I don't have a clue where I should start with my marketing. What I have done so far: - Writing blogs on specific keywords to get organic traffic My 2 goals for now: - I want tattoo shops to claim a free business account on my page. My resources: - I have an Instagram account with about 2k followers (growing about 700 followers per month) What advice would you give me? [link] [comments]  |
| Posted: 07 May 2020 02:53 PM PDT |
| What degree would help me learn how to invest, manage my business and handle money good Posted: 07 May 2020 05:06 PM PDT I'm planning on having clothing brands and other businesses but I want to know what's a degree that would help me navigate through the world easier. [link] [comments]  |
| Posted: 07 May 2020 12:30 PM PDT So, despite the flair I am not seeking any investment at this time. Just found this sub, and it has ignited my spirit once again (won't get into details, but I have lost many many entrepreneurial opportunities in the past, because I didn't act). Uber eats being one way before it was a thing. So, my very general question is (Canada btw) is I have an idea that has been facilitated by this virus. And when the virus passes I don't see society in general reverting, and as such it's beneficial to consumers and the vendors. My question is, the idea is solid. I'm out of work, and broke tbh. If I lay out a solid pitch on paper (Bus plan) and do the legwork and heavy initial lifting what are odds of being invested in? Banks won't touch me. Is it a no go, or possible? Thanks, and I love this sub :) [link] [comments]  |
| Posted: 07 May 2020 03:22 PM PDT
Looking for a hardware that can cover all of this- my family is looking into making a new salon after Quarantine. [link] [comments]  |
| Have we been predicting the state of work-share spaces wrongly? Posted: 07 May 2020 03:19 PM PDT Work-share spaces are something that has been discussed here a good amount and something that I along with many others think is going to have a decent demand. It makes sense with future trends of the workplace going towards telecommunication and it seems this Coronavirus situation has given that wave some extra swell. The model seems pretty reasonable to assume that many people won't want to work from home because they're less productive and I tend to agree with that sentiment as I'm that way. With the rise of freelance jobs and increases in the amounts of people working from home it seems like a work-share would be a good idea for those folks looking for an office. If you made it this far thanks for reading, I'm just a bored college student thinking. But please give me you inputs on what you think about the future of coworking office spaces! [link] [comments]  |
| Need advice please on US business license Posted: 07 May 2020 03:15 PM PDT Still hoping someone can help—- Does anyone know in which state I should file business license? Please read on, I have special circumstances (I think). I'm a US expat trying to get my first e-commerce business going. I filled my LLC in DE and have a Registered Agent in TX. I plan to sell nationwide in the US mainly through Amazon FBA. But I'm confused where to get my biz license or retail license, seller's permit, Amazon calls it the "Company Registration Number," (...all the same thing?) Which state do I file in? Does it matter? What does it have to do with thing called Nexus? Hope you can help. Thanks 🙏 [link] [comments]  |
| W-8BEN - Anyone request this from international suppliers or vendors? Posted: 07 May 2020 02:48 PM PDT The document is extremely confusing, not intuitive, yet seems to be a requirement for any non-US based company. My vendor barely speaks English and doesn't understand the form. Frankly, I don't blame him, I don't understand 90% of the questions. How have you deal with issuing international payments? [link] [comments]  |
| My first app! Ujuvo - earn money doing what you do best! Posted: 07 May 2020 02:32 PM PDT A group of engineers and I just built our first app! Any feedback are welcomed and appreciated! We are Ujuvo an on demand freelance / service expert marketplace. Earn money providing advice, consulting, support, training or just a shoulder to lean on. Be your own boss, earn 95% of your sales and work at your convenience. [link] [comments]  |
| Raising capital for a marijuana grow & dispensary in a COVID19 world. Posted: 07 May 2020 02:12 PM PDT I am working to develop a medical & recreational marijuana grow facility and dispensary. My partners and I own the land and have the necessary permits...we just need the capital to complete the buildout. But as is the case for seemingly everyone, COVID19 has created some interesting challenges (and perhaps even a few opportunities) in raising capital for a project. How we provide value to investors: Marijuana sales have increased over the past two months. In states where only medical marijuana is permitted, there has been a record surge of new medical marijuana applicants. Marijuana is a strong and growing industry in the best of times, and as it turns out, the worst of times too. Investors who are spooked by market volatility can find both security and strong returns in marijuana. Those attributes will continue once COVID19 is behind us. Put another way, we offer reliable and solid returns to partners throughout a range of economic conditions. Project attributes: ~The project is "investment ready". In other words, all necessary ingredients are in place (zoning, permitting, land, GC engaged, etc) for construction to immediately begin once funding is in place. ~We are partnered up with a very well known/respected operator who will handle all growing/selling/marketing of product. ~Dispensary situated directly next to Massachusetts I90 with good visibility from highway. The dispensary is a two minute drive from the interstate exit. ~The grow/dispensary is located in a very pro-business town. Issues with the project: ~We don't have established cash flows, so we can only rely on projections. These projections are very detailed and fairly conservative but are projections none-the-less. Based on conversations we have had with operators in other jurisdictions, we feel confident that we are underselling the potential of this project. ~COVID19 introduces a bit of uncertainty in everything. For example, our GC is confident that they can work at a fairly normal pace, but it is possible that workers could be come sick, shutdown orders could be introduced for contractors, etc. How has the capital raise gone so far? We have put about $4,000,000 into the project - a mix of personal funds and investments from a few local businessmen. That money has been used to purchase the sites for the grow and dispensary, legal fees, interior demolition on an existing 10,000sq. ft. butler building which will become part of the grow facility, etc. The local well of qualified and knowledgeable investors has run dry, and now we must search elsewhere. Have you worked with anyone else on funding? Yes. For a time we were working with a firm that does leasebacks. The deal terms were horrible compared to what we were initially promised; tons of fees and what amounted to hidden fees, 15% ownership of the project and a lease structure that would have made it almost impossible to make the monthly nut (and of course, default terms that were extremely generous to them, not us). We walked away and didn't look back. Challenges for raising capital: A big challenge is just finding people/firms. Most firms in the cannabis space want operations that are currently generating revenue. Beyond that, I just don't know where to look for additional investment. I know that the fundamentals of our project are quite strong, the problem is making the right connections. I'm hoping that people on here may have an idea where to look/who to look for. Any help would be greatly appreciated. [link] [comments]  |
| Posted: 07 May 2020 12:51 PM PDT I have been struggling to get any feedback on my ideas. To get people to even acknowledge my ideas is difficult. I generally create B2C or C2C type apps. I present people with the problem, but like to no one responds. How should it be done? [link] [comments]  |
| Posted: 07 May 2020 12:40 PM PDT |
| Posted: 07 May 2020 12:16 PM PDT Does anyone have any experience/knowledge about delivery routes, more specifically Mission routes. I found one for sale that supposedly nets over $100k per year after expenses, and it is selling for less than $150k. The owner claimed in his ad that he only works 3 days a week to serve around 20 customers. This seems too good to be true to me... any incite would be much appreciated! [link] [comments]  |
| Best resources for pricing and marketing strategies Posted: 07 May 2020 02:31 AM PDT Hey! We're getting ready to launch our first product, and I wanted my team to learn as much as they can about how good pricing and marketing works. What are your favourite resources for this - would love:
We're selling a product that requires some hardware install (of the shelf) + some monthly subscription. Anything on value-based pricing (we save you £10k, we make £1.5k) would be amazing too. [link] [comments]  |
| Want to start up a cheap rewarding package-free store. Posted: 07 May 2020 12:13 PM PDT 1.What is your plan? I want to start up a rewarding cheap package-free store. I know many people have been talking about doing their own but i have a few ideas after reading up on different stores. *Cheap Prices- I want this to be my main theme for the store. Growing up in a low income country side area, made me cheap about everything.I always research prices on anything i want and even if it was little higher priced, i always made sure it was worth it. I still have that habit now, weather it be food or just going to the thrift store for clothes. I think people deserve to be able to get well priced food. *Refilling and recycling:Second theme of my store. I know many people think its annoying to have to gather a bunch of reusable bags and jars just a get some simple groceries but i wanna make it worth all the effort by having great prices and discounts. I think a big idea for a rewarded system would be having a Reverse Recycling Machine that pays you for recycling your own bottles.I'm hoping to make the Recycling Machines more popular in the United States to help people that really need that extra help with buying the food they need everyday.
I have worked in every food service job you can think of. Fast Food, Restaurants, Delis and i was even a cook at a Bed&Breakfast. I have a pretty good idea of what people like. I also have a passion on trying to reduce plastic.I'm not a vegan or vegetarian type person, (Its fine if you are, i have a few friends who do so, even my own father) and i'm a overall quite a cheap person, so i don't go out of my way to buy overpriced food just because it says "organic" on it. I'm a simple person that just wants to reduce plastic,i always liked the grocery store setting and being able to save money has always been a big thing for me. 3.How long have you been working on your plan? One of the jobs i had in the past, (i'm guessing about 5 or so years ago),was working at a all Natural/Organic market that soon shut down because of all the other name brand stores. I always really liked that idea and once i got into a better place in my life, i really realized how much i would like to do that my self. Past 6 months, i kept thinking about Food trucks, Mobile snack trucks and even a refillable soap/cleaners truck that would refill all the cleaning supplies for you at a cheap price. The trucks are good for wanting to move in more busy areas but having something more stable, like a building would be better. Just to give you a idea where i currently live,Its on the east coast of the United States, I live near military base and the town its self has ALOT of stores.Its basically a very high populated military type town.Two known "All natural markets" have shut down in the past year in this town and My husband, (who is currently in the military),says its not the right area to start this idea.He keeps saying its a big city thing and doing it around the country area is just a big bust. I agree with him in some ways but all of the places i have lived were always country side areas, so moving to a big city would just be quite a culture shock as dumb as that sounds. If anyone has any advice on what i should do,That would be great.I have many ideas as far as what i would put inside the store and i really don't wanna work in random Fast food/retail jobs the rest of my life. [link] [comments]  |
| Help me choose a business name: Cosmic or Kosmic? Posted: 07 May 2020 12:12 PM PDT Starting a oral hygiene consumer packaged good company, trying to debate between two names: COSMIC vs KOSMIC Can't decide to either deliberately misspell it as KOSMIC, or stick with COSMIC. Only issue is I'm having a really hard time buying the domain I'm looking for with Cosmic. There's a lot more choices with Kosmic. What do ya'll think? [link] [comments]  |
| Trouble charging value of the product Posted: 07 May 2020 12:10 PM PDT Hi redditors! I have a question. Im in the starting phase of selling my own products. The problem is however, that the selling price should be way higher then Im comfortabale asking. Based on market value and similar products. I feel unsure asking $210 when the actual price should be $300. The issue is the fact that I grew up poor and my references for prices have always been at the lower/bottom end of the market (Also my social group would balk at the prices Im asking and probably would spend $5-20 on a similar product of lesser quality and value) . Even at my current financial situation I wouldnt be able to purchase the product that im selling myself. This has made it hard for me to understand/sympathize with my target market which is a luxury consumer who has enough disposable income. Their financial reality is very different from my current situation. ( I know the target customer exist because at my internship I saw the same type of customers spending $3000-15000 easily albeit on a different but similar product categorie. Does anyone have suggestions how to overcome this insecurity ? Im very confident in my talent to design must have products for this group. I would like to be way more confident in the value im offering and confidently ask prices in accordance with that. I truly believe that confidence is really important because if your arent sure. How will your customer be? Looking forward to your replies! [link] [comments]  |
| Selling My Wife's 10 Year Candle Biz - Sell it... Or Just Walk Away? Posted: 07 May 2020 06:37 AM PDT My wife's been making candles for 10 years and doing it full-time for 4 years. She is wanting to switch gears professionally and is wondering whether her business is salable, or if she should just "pull-the-plug" on it. If anyone has any input or past experiences that could apply we would love to hear them. Below is more info on her business and our thoughts on the businesses greatest strengths and weaknesses: Rough Revenue, Expenses, Net Below are the approximate sales, expenses, and take-home pay from the business. Further down, I go into more detail as to what POS those sales figures are attributed to.
Of the $80,000 above, the revenue was split between three main sources of revenue. Below I give the approximate total in sales from that specific POS, as well as a one-sentence run down on what this POS looks like from an operational standpoint: Wholesale Accounts: Approximately $15,000 in Sales
In-Person Event Sales: Approximately $40,000 in Sales
eCommerce Sales: Approximately $25,000 in Sales
Where We See Potential Value to Buyers While we know there are tons of candle companies out there we do think there is value in aspects of the business (even if minimal). Here is where we see the value:
What We Feel Are The Biggest Issues With Selling The Business
Sell The Biz, Repurpose The Website, Or Just Walk Away? So, we are in a position where we aren't sure what to do with the candle business. It has taken a lot of hard work to build a small/committed following. While there are a lot of rewarding aspects to it, 10 years doing anything will make you wonder what other challenges are out there to take on. So that's the run-down. Is it worth trying to sell? If so, does anyone have any thoughts on seeking out a purchaser? Again, If anyone has any input or past experiences that could apply we would love to hear them. [link] [comments]  |
| Looking for introductory/high level books on business valuation Posted: 07 May 2020 10:20 AM PDT I work in BV at an accounting firm and I am being mentored by someone who Is pretty hands off and has been doing this a while. I want to be able to identify terms he throws out there and basically have a small working knowledge of most concepts. Can anyone recommend a book to me that might assist with developing some of this knowledge? I'll be attending some trainings once the virus stuff clears up but we still have work to do at the moment. Thanks in advance. [link] [comments]  |
| Posted: 07 May 2020 10:09 AM PDT I am making my first purchase via Alibaba. Now the whole shipping from China to my doorstep is really confusing on shipping terms, etc. The supplier I am going through doesn't do DAP or DDP. They are able to ship CFR - to Port of New York. I have contacted a customs broker to arrange all customs clearance fees, etc.. They mentioned to me that once I receive shipment paperwork from the supplier.. provide to the customs broker. Once my shipment arrives.. they will handle all things necessary and then contact me for pickup, obviously charging a fee. So my question is.. is this the best route to take? Or go with a Chinese freight forwarder? I just want this at my door with the least confusion or hassle. Appreciate the responses. [link] [comments]  |
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