Accomplishments and Lesson Learned Friday! - (July 03, 2020) Entrepreneur |
- Accomplishments and Lesson Learned Friday! - (July 03, 2020)
- Problem with this sub
- I released my first app, how to proceed further?
- Question's About Dropshipping liscensed/Copywrited Products
- A teenager working on a business
- Can I use CC BY-NC-SA 4.0 images into my pitch deck?
- Marketing tactics for sprucing up social media and sales pages
- Update: Helping a refugee woman start her small business
- So I have gathered $1000 and want to know what to do
- My First Five Months...
- Insecure business owner
- Looking for advice
- How does my company look for raising investment capital at this time to accelerate our growth?
- (HELP) tips on cold emailing
- Are there any tools to combine different ad platforms into one?
- How do those of you who dabble in Real Estate balance your portfolio?
- "The Passion Recipe: Four Steps To Total Fulfillment" This article on Forbes is defiantly worth reading!
- Email outreach tool that allows me to reference a page in a template email without copy and paste
- How many people here are working on something in the healthcare space?
- Partnership Help - Am I Getting a Bad Deal?
- Anyone need PPE GLOVES at the moment?
- Accelerator program reached out to us. Need your opinions!
- Anyone have experience with SGS for product inspection? Want to know on the length
- What details make a website look credible?
- [1,000,000+ DOWNLOADS] Here are the 15 things I've learned about PODCASTING that might help you grow faster...
- Training and Development solutions (eLearning) and online training. HELP!
| Accomplishments and Lesson Learned Friday! - (July 03, 2020) Posted: 03 Jul 2020 06:11 AM PDT Please use this thread to share any accomplishment you care to gloat about, and some lessons learned. This is a weekly thread to encourage new members to participate, and post their accomplishments, as well as give the veterans an opportunity to inspire the up-and-comers. 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: 03 Jul 2020 09:32 AM PDT I feel like this sub has way too many kids, and other people saying, "How do I get free money?". That is not what this sub is about, it's about people that want to start something, or have already started something asking questions, looking for guidance, or sharing their experiences. Don't just say, "I want to start something, tell me what to do.", Come up with something yourself, if you need a little bit of guidance or feedback, that's when you use this sub. The people that are downvoting this are probably the people I am talking about. [link] [comments]  |
| I released my first app, how to proceed further? Posted: 03 Jul 2020 07:34 AM PDT Hi, I have released my app this week: a currency converter app. I am unsure on how to proceed next and how I should market the app further (I'm really bad at this). So let met start with the marketing part. I want to expand the user base, and its proven a much more difficult thing to do. What would effective marketing strategies be to get this known to a lot more people? (besides telling friends) My second question: is it worth "porting" the app (or apps in general) to the App Store? I'm a bit split over this given the costs (need an apple machine to build the app, recurrent app store costs, time). My third question, given the above... should I keep adding features or start working on a new app? I would love to hear your insights as this is still very new to me! [link] [comments]  |
| Question's About Dropshipping liscensed/Copywrited Products Posted: 03 Jul 2020 06:34 PM PDT So guys, my business partner and I are speaking to a licensed distributor for import pokemon figures, snoopy, and the like from asia to america. Now we are talking to their US distributor and we are going to talk to a sales rep on monday about how to sell the products. However this is the first time i've ever worked with trying to sell legal copywrited and licensed products. What exactly needs to be done to comply with US law, also would i be able to advertise these products on platforms such as fb/insta if i am getting them from a legit wholesale distributor? If there's anything that i could be naive to please share, or if you have any advice, tips or things you think i should know please share. Thank you in advance again! [link] [comments]  |
| A teenager working on a business Posted: 03 Jul 2020 03:53 PM PDT Hello everyone! My name is Justin and I am a rising senior from New Jersey. I have recently been working on a website for founders and CEOs to share their knowledge with aspiring entrepreneurs. I have interviewed people like David Heath (CEO and co-founder of Bombas), Rob Neuner (founder of Boost Oxygen), and AJ Crook (founder of Shake It Pup!) I was just wondering if I could get any feedback on how to improve the site? Also if there are any recommendations on how to grow my email subscriber list that would be great! The link is: www.learnthestartup.com Cheers! [link] [comments]  |
| Can I use CC BY-NC-SA 4.0 images into my pitch deck? Posted: 03 Jul 2020 05:02 PM PDT Working on a pitch deck and found a great set of scientific images licensed under CC BY-NC-SA 4.0. I understand it means we cannot use it in a product "intended for commercial advantage or monetary compensation". Does clip art for a pitch deck count as commercial use? [link] [comments]  |
| Marketing tactics for sprucing up social media and sales pages Posted: 03 Jul 2020 11:51 AM PDT What is marketing? Marketing is your brand's interaction with the brains of your customers. That's it. People who overcomplicate this like getting into the weeds, but when it comes down to it, marketing is about utilizing proven psychological strategies in the most effective possible way. Marketing Strategies that Work Today and Will Work Tomorrow1. Scarcity.
-Sarah Jameson, Persuasion Works Rihanna wants to feel like the only girl in the world. Scarcity is powerful: if something is scarce, then basic supply and demand requires that its value goes up. Remember Veruca Salt from Willy Wonka? She really wanted that goose that laid golden eggs because no one else had one. One study of cookie jars (yes, they study cookie jars) found that the same cookies were considered better if there were only 2 cookies in the jar as opposed to 10. There are a few ways to weave in scarcity to your marketing efforts:
2. Social proof. We all know about FOMO, the Fear of Missing Out. We're social creatures and we have to watch where the herd goes if we want to know what kind of behavior is expected of us. That's where social proof comes in. Basically, social proof means that we look for social "evidence" (hence: proof) to see what we should do. That's why "Nearly 95% of shoppers read online reviews before making a purchase (Spiegel Research Center, 2017)." We need to know that other people accept something before we accept it ourselves. That's part of how we gauge quality and make purchasing decisions. Here are some ways to incorporate social proof into your marketing:
3. Gamification. This one's easy to define: if you can turn your marketing into a game, you're going to use the same tactics that make video games so darn popular. One survey found that 70% of marketers found this tactic effective. How does it work?
If you're stuck with your marketing strategies, sometimes, it's good to go back to basics. Look for the psychological incentives to get people clicking, and then start delivering them. If you enjoyed this post, we like to talk about marketing, customer service, and lots of other fun stuff. [link] [comments]  |
| Update: Helping a refugee woman start her small business Posted: 03 Jul 2020 11:21 AM PDT I posted a post about helping this lady I know to start her small business. I got some great ideas from fellow redditors. Especial thanks to OddFocus3 , sithijag, Groldir, hkharva that suggested she should do a home cooking business. Phase 1: She wants to do an opening lunch and hopefully people like it enough to come back and tell their friends. Phase 2: She wants to buy a small fridge (she doesn't have a fridge now) so she can cook bigger batches and start doing takeout. It would also require bigger pans, containers etc. This would require 1000 dirham ($139 CAD) for a used small fridge, equipment and electricity costs. To start, I am lending her $69 CAD (500 dirhams) to do the opening lunch next week (if western union sends her the money on time, I hate them but it's the only option I have). She only has to pay me back if her project succeeds and is profitable enough for her and her kids. I plan to use that money to help somebody else. I asked her to take photos of the whole thing in the hopes that she might create a facebook page later. If anyone here has other ideas to help please do comment. I would love to hear your suggestions, I have never done something like this nor has she. I'm based in Montreal, Canada FYI. She only speaks French or else I would have her be involved in the discussion here. Thank you to all these redditors who suggested great ideas in my previous post: Groldir, thatDevDude135, T00Human, Captain_Mumbles, Sarusenju, OddFocus3, yvnekyo, luala, fedaykin21, taggingtechnician, praosh, tf8252, Hostican123, BadDadWhy, hkharva, sithijag, OddFocus, Fair-Risk3, buildmyunicorn, OddFocus3, smurfkillerz, Moving2Tampain [link] [comments]  |
| So I have gathered $1000 and want to know what to do Posted: 02 Jul 2020 04:34 PM PDT I gathered $1000 and am wondering what to spend with it. I want to go along the edges of dropship, google ads, and things like that, what do I do? [link] [comments]  |
| Posted: 03 Jul 2020 09:21 AM PDT Here is my story of building a business, complete with tips and tricks I recommend to ANYONE on an entrepreneurial journey... In January, my resolution was to spend 45 minutes a day (not a minute less or more) working on a new online business focused around one of my passions. I didn't know if that would be too much time, not enough time, or just a waste of time, but I was determined to stick with it. Here we are, halfway through month 6, and I am happy to say that I have actually built something to be proud of. The passion I chose was FANTASY FOOTBALL. Every 45-minute session throughout the first month was spent brainstorming web design, products, shipping, marketing, and any other business-relevant topic. I read three books on starting a business and they each provided me with incredible insights and ideas. The books are Purple Cow, Blue Ocean Strategy, and Be Our Guest. Cannot recommend all three enough, for anyone, regardless of the stage in their life's journey. After I had a rough idea of what I wanted to build, I spoke to three friends who knew about either fantasy football or marketing. Conversations with them were invaluable in receiving honest feedback on my ideas, as well as recommendations I was yet to consider. For example, I was able to fund the creation of my product through pre-sales because of one suggestion made by a friend. His idea was to pay someone on Fiverr to produce product mockups for my website. A genius idea. Two weeks and $350 later, I had a full product inventory on my site. The next step was sourcing products. This in itself took 3 months. Going back and forth with local (Canadian) suppliers and foreign (Chinese) suppliers was a headache. It seemed like they managed to botch every design I sent to them. Eventually, we were able to settle on the product definitions, and I am currently awaiting my first shipment of fantasy football championship rings. In the end, the past 6 months of 45 minutes every day has been rewarding, enjoyable, and MUCH EASIER than I expected. Holding myself to this strict boundary allowed me to complete my legal studies and begin my legal career while simultaneously embarking on an entrepreneurial journey. Hope you enjoyed the Ride Along and let me know any questions! 🙏❤️ The website is www.draftwithredzone.com [link] [comments]  |
| Posted: 03 Jul 2020 11:26 AM PDT |
| Posted: 03 Jul 2020 06:39 PM PDT Hi everyone! I'm in a complicated situation, so I'm looking to get some advice. I'm working on a project for my internship at a business incubator. Another person and I develop an application for IOS and Android platforms, while mentors help me make connections in the business world and build a strong network. The main problem is, I'm a business student and not as competent as some developers with years of experience, so I'm not much help for the second guy. That's why I've recently started looking for one more tech partner, but it seems it's been in vain: I've spent several weeks contacting people on LinkedIn but found no developers interested to engage in the project. I'd like to know any other methods to find a technical partner, as well as how I should approach them. Thank you in advance! [link] [comments]  |
| How does my company look for raising investment capital at this time to accelerate our growth? Posted: 03 Jul 2020 06:32 PM PDT Wanted to get opinions on what the experts here think about our chances to raise money in the current environment. My company teaches classes online. We've been in business for over 4 years, and have raised $2M so far (our current investors are showing interest in reinvesting). We're right around the break even point (slightly profitable). Our revenues are about $120K-$150K per month. We're growing, and will be around $200K per month by the end of the year (without an influx of capital). At that point we'll be very much in the black. Almost all of our growth is organic (referrals and search), and we haven't landed a very good digital marketing acquisition strategy yet. We'd like to accelerate our growth by accelerating some key product offerings that will help us grow faster, and start doing more digital marketing (we'll probably need to hire, and set aside a marketing budget for us to test our way into positive ROI campaigns). $1.5M-$2M will greatly accelerate our growth during this time when our product is in-demand. Thoughts on how investors would look at our company as an investment? [link] [comments]  |
| Posted: 03 Jul 2020 06:18 PM PDT I'm trying to grow my paid ads agency and i usually cold call to prospect but now I want to implement cold email so I can maximize productivity. I just want some tips on sending awesome cold emails and follow ups. [link] [comments]  |
| Are there any tools to combine different ad platforms into one? Posted: 03 Jul 2020 06:17 PM PDT I have hired a marketing agency in the past (who did not work out) and they ran ads OUTSIDE of my FB ad account (but required access to it?). They had a portal where I could view all the data/ad campaigns etc. but it seemed proprietary to their company. [link] [comments]  |
| How do those of you who dabble in Real Estate balance your portfolio? Posted: 03 Jul 2020 05:57 PM PDT Hello! As I grow my freelance business, I've been looking to also expand my income through real estate invesitng. Do any of you use this as another stream of revenue? how do you diversify between commercial or residential choices? Thanks so much! [link] [comments]  |
| Posted: 03 Jul 2020 05:33 PM PDT Defiantly worth a read! Recently got fired from a new job, been feeling kind of down. Decided to give this a re-read, and make a new list! [link] [comments]  |
| Email outreach tool that allows me to reference a page in a template email without copy and paste Posted: 03 Jul 2020 05:31 PM PDT Hey guys, I tried posting this question into r/DigitalMarketing but they auto-remove my damn question so I'm asking here. Not sure if this is possible or not but I'll ask anyway. So I'm wanting to try an email campaign where I find their email using a chrome extension. Hunter.io is good for this although, I need to then reference a specific page on their site in my template email. it's really time-consuming to copy the link to the specific page. Paste it into my email template and send it off. I want something that finds their email instantly like hunter.io but then saves the page I'm on into my template email. is this possible?? and if so what are the best tools to use for it. [link] [comments]  |
| How many people here are working on something in the healthcare space? Posted: 03 Jul 2020 04:42 PM PDT Would love to connect with folks in healthtech/healthcare and possibly build a separate community (Slack)? I believe there's a lot of nuances in healthcare and the problems that we face aren't as applicable to other industries. [link] [comments]  |
| Partnership Help - Am I Getting a Bad Deal? Posted: 03 Jul 2020 04:31 PM PDT Hi, will try to keep this short and to the point. Colleague and friend of mine are looking to own/operate drugstores in Canada. We'd differentiate ourselves by offering products and services that the big box stores can't accommodate and also run a mail-order service and virtual consults with healthcare providers. Proposed arrangement: - We each own 50% of the participating shares, but I own 100% of the voting shares so I am the sole corporate director. This keeps his name off the public directories so he can continue to work at his job and support the business on the side, this is not a silent partnership. However, he is at risk of losing his job if found out. - I would be the face of the business (to begin with), and he would work on some behind the scenes stuff like dealing with vendors, marketing, etc. I would also be on a salary at market rate. He would not draw a salary from the company, but his contribution would be minimal compared to mine. - At which point our business can utilize both of us at full capacity (and compensated), then he would turn in his employment, I'd sign off on 50% of the voting shares and we both work with full-time intent on the business we co-own. - Initial investment for startup costs would be shared 50:50, but banks view our industry favourably so we'd be able to get 90% of our needs through financing. Advantage to having a partner is that I'd be able to get paid a salary, whereas if I go solo it may be more challenging to pay myself a full salary. I have runway to live on reduced earnings for a while, but I'm not willing to work for a discount if I have a partner. - My partner is very successful in the same industry (strong track record/results) and earns a lot of money in his current occupation ($250k+ annually). He has a few connections and skills that I don't have, but I'm thinking long-term with this partnership. My questions/concerns: - Is a market salary reasonable for this arrangement? I'd be giving up a job with better security and benefits (and equivalent pay) to do this. We could hire someone to operate for us, but obviously having an owner-operator would be the most motivated and some people I've bounced this off of actually suggest above market, or a generous incentive structure. - Partner may not want to join the business at the time the business requires him to do so, especially if it means a short term reduction in income because he has an expensive lifestyle. Also, he wants the choice to join the business to be solely his option. - In early negotiation of the partnership agreement, he seems to shrug off that the fact that I have all the controlling shares and that I'm the director is not really a big deal and that everything is 50:50 in spirit. However, on paper, it seems like I have all the responsibility and only half of the authority. - Partner wants to keep things loosely defined in terms of responsibilities of shareholders, managers, and directors so we can remain flexible. However, I want to be assured that he's actually going to participate instead of get a free ride. What are your thoughts? Am I getting a bad deal here? Are there any suggestions on what might tilt this more in my favour? I don't think that getting paid a salary is enough an "advantage" and I want to have an element of power over him. I'm not sure that the voting shares are great either since he wants to write in that salaries, additional financing, or large expenses are shareholders' responsibilities and not a director-level responsibility. Thank you all in advance, happy to answer more questions if needed. [link] [comments]  |
| Anyone need PPE GLOVES at the moment? Posted: 03 Jul 2020 03:50 PM PDT Hey guys, I posted a few weeks ago wondering if anyone wanted to purchase any N95 masks. This led me down a journey to discover that PPE gloves is probably the hottest selling item in the world right now. I have access to very good supply chain of FDA 510K gloves at a very good FOB price. Most of my large bulk sales from gloves have come word of mouth and such, this is why I am posting on reddit. If you know anyone who needs nitrile gloves in very large quantities I have access to this. Please let me know if interested and you are a buyer or know any buyers. [link] [comments]  |
| Accelerator program reached out to us. Need your opinions! Posted: 03 Jul 2020 11:40 AM PDT Accelerator program we applied to a few months ago reached out to us today, not just reached out...the key person who runs it reached out in the second half of the email saying: " We give you up to $__________ in investment and a great mentoring network. The program kicks off in________ and will offer both in-person and remote participation options. Please connect with us - I'd love to talk about you joining us!" Before we start doing any celebrations of sorts, trying to clarify if she is either saying "we got in/been accepted and would like to talk about it more in details" or something along the lines of "We want to continue the conversation and see where things go". What do you guys think? [link] [comments]  |
| Anyone have experience with SGS for product inspection? Want to know on the length Posted: 03 Jul 2020 03:24 PM PDT I have a deal right now for masks in Mexico, with the buyer requesting an SGS. Anyone know what the experience is like with dealing with the company and the length? Thank you, [link] [comments]  |
| What details make a website look credible? Posted: 02 Jul 2020 04:34 PM PDT I'm currently in the process of creating a website for a business I wanna start. When making a website is there anything that should be added or implemented so that visitors can trust buying from me? I'm looking for the less obvious examples like clear pictures, good descriptions, a logo, etc. [link] [comments]  |
| Posted: 03 Jul 2020 02:58 PM PDT For entrepreneurs, a podcast can be super powerful to generate leads, nurture your audience, and increase authority. But most business podcasts never make it past 10 episodes. Why is this?! In my opinion, it's because they are doing a lot of it WRONG. I released my first episode on March 23, 2018 and I've learned a TON since then. I started with ZERO online audience or experience with podcasting and this week I will cross 225k downloads! Since then, I started a side hustle to help other people start podcasts with the specific goal of driving reach, revenue, and authority. August 2019 that business was going good enough for me to quit my 6-figure day job. 🎉 Many of those clients have gotten hundreds of thousands of downloads on their podcasts and dramatically changed their business. I wanted to share some of the things I've learned in hopes that it speeds up the process for you and saves some of the headaches I had starting a business-related podcast.
If you want to check out the full video I did covering these, you can find it here. Anything I missed or you think I got wrong?! [link] [comments]  |
| Training and Development solutions (eLearning) and online training. HELP! Posted: 03 Jul 2020 02:53 PM PDT Hi everyone, Tldr: could you share your experience with online training, what do you think about it, have you ever purchased or developed training, etc? I'm in the early stages of developing my training solutions agency. I'm too much of a technician, and need to be a better entrepreneur (if you've ever read the book e-myth, that's what I mean). I am a highly skilled and experienced instructional designer and e-learning developer, so doing the work and converting warm leads are the easy part for me. Generating leads is the challenge. My clients currently come from industry connections who need to develop training online due to COVID, but I need to start thinking on finding leads aside of my connections. So here is where you come in, I'm trying to understand what people think when they want to build, purchase, or take an online course. Or if you have purchased or developed training for your business, how have you gone about finding the right tools and/partners to deliver your training? I'd love to hear your opinions. Thanks! [link] [comments]  |
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