Wantrepreneur Wednesday! - (August 12, 2020) Entrepreneur |
- Wantrepreneur Wednesday! - (August 12, 2020)
- Online store owners who sell physical products - what's your process for labels, packaging and shipping?
- When in doubt - work
- How to stand out from competitors while looking for startup investment?
- Ambassador programs, do you have one for your business? If so, how?
- Anybody use printify and shopify?
- USPS shipping question
- Cold Calling & Pitching Techniques.
- Should I focus on developing my programming skills or learn other skills?
- Roast my website - looking to increase conversion rates!
- Need examples of Good PPM's and Pitch Decks
- Any advice with Alibaba
- Hi - anyone can help me in installing ssl certificate , comodo , domain on namecheap and hosting on hostinger
- Small tech business inspiration! $0 in 2010 to $45k MRR by 2020, all while bootstrapping.
- I'm starting an upholstery cleaning service - this is my plan
- As a Black Founder, VC capital was not an option so I went Regulation CF (Thanks Obama) AMA
- Is the RTX graphic card real?
- Weekday Nugget - Why Competition is Awesome
- Anybody have experience with government contracts or have a company that primarily works with the US government?
- Online focus groups/paid survey for products
- Living Trust
- Is my expectation for finding an investor realistic?
- Automation Product Validation
- Which pricing format is best in your opinions?
- Sharing liability across the board... the best business checking and CC. Newbie Q's
| Wantrepreneur Wednesday! - (August 12, 2020) Posted: 12 Aug 2020 06:10 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. [link] [comments]  |
| Posted: 12 Aug 2020 12:53 AM PDT Curious as to how other people do this. I operate a small online business in the UK selling physical products and have sort of created my own process: Labels: I built a system that converts a CSV file of orders into shipping labels that I print off my home computer. Packaging: Just use cardboard boxes I buy in bulk online. Shipping: Use the UK Post Office Drop & Go system. I combine this all together to get my product to a customer. How about you? [link] [comments]  |
| Posted: 12 Aug 2020 04:09 AM PDT Having any kind of venture, no matter how big or small usually includes a lot of unknown factors and moments when you're not sure what to do. Sometimes, these are sudden but usually, they are things that develop over a long period. Similarly, any solution will also take just as much - rare are the eureka moments in everyday business. For example, you might see a declining trend in your sales, figure out you have a big direct competitor, and so forth. Or, it could be something more long-term, like trying to decide where and how to grow. It's easy to feel stuck, blocked, or just paralyzed (maybe of the analysis paralysis kind) while your mind is racing all over the place. Now, while it is good to try to figure stuff out, in my experience, it's good to do it while working. That work can be whatever type of task that you know benefits your venture. Even small things will do, as long as you keep at it - do some administrative things you put off, update your online presence, get in touch with someone relevant to the venture. Just don't sit, think, and despair. Otherwise, that moment of doubt and inaction can easily grow into a precursor to giving up and throwing in the towel. Work, on the other hand, shows you that you're still in the game. It is also a place where you get to learn, find out about things, and much more similar stuff. In my case, this process includes a gaming YouTube channel. I've been working on it since 2015 and being that I'm not super-fun to watch, it's growing insanely slowly. I'd like to see it monetized, but that's a long way away. So, whenever I think that it is going sideways, I start embedding a link to a book on overcoming procrastination I'm selling on Amazon in my old videos that get some traffic. I have hundreds of clips, so it'll take me months to cover all of them with my pacing. But, I know that every 5-6 videos I do per day add potential customers for my book. It might include only a few sales per month, but it still keeps me going and shows me that the channel wasn't (in my limited ambition mindset) a failure. So, in its essence, this approach is the key difference between action and inaction. While not all action is always the solution, it is very rare to have inaction as the best way to go forward. [link] [comments]  |
| How to stand out from competitors while looking for startup investment? Posted: 12 Aug 2020 09:14 AM PDT I have a hard time trying to fund my project. There are so many people who try to reach out to investors in my region. I don't know how to stand out and show that my idea is really profitable and trustworthy. Do you think that this kind of basic app showcase would help me to convince someone or it's just waste of money? [link] [comments]  |
| Ambassador programs, do you have one for your business? If so, how? Posted: 12 Aug 2020 11:07 AM PDT Does anyone have good tips on how to set this up? I have a clothing brand I started in a niche market that really took off and have had tons of emails asking to become ambassadors. Early on, I used to reach out to Instagram Influencers in my market with solid followings to send them stuff and they would post and promote. Simply enough. But now this influx of people (who may not have followers at all) but are super excited by my mission and want to promote it to their friends. I don't think it's a bad idea to work with them, even just giving them a code (some people just want the title that they're an ambassador). Anyway.. here's some leading questions:
[link] [comments]  |
| Anybody use printify and shopify? Posted: 12 Aug 2020 01:59 PM PDT |
| Posted: 12 Aug 2020 01:07 PM PDT I have a dumb question. I will be shipping skin care products domestically in the US starting next month, but I can't figure out why sellers would use usps priority boxes(which means use USPS Priority shipping labels)rather than custom boxes with FirstClass shipping labels. I understand that USPS priority boxes are free but the Priority shipping labels are usually much more expensive than FirstClass shipping labels, so it makes sense to use custom boxes with FirstClass shipping labels attached. Any reason why people prefer to use the free USPS Priority boxes? Thanks everyone here [link] [comments]  |
| Cold Calling & Pitching Techniques. Posted: 12 Aug 2020 04:57 AM PDT I was wondering if there's a standard or "golden" method that freelancers use in order to approach businesses and establish quality relationships WITHOUT being salesy or spammy! My goal is to approach local businesses for the rest of the summer and offer them my services alongside my portfolio projects. I'm targeting businesses in my niche with outdated or poorly designed/developed websites. Also, I'd appreciate it if someone could share their personal experience if there's something that I should be aware of when it comes to approaching clients in general. Thanks in advance! [link] [comments]  |
| Should I focus on developing my programming skills or learn other skills? Posted: 12 Aug 2020 01:26 PM PDT Hey! So Im a CS student, in college and Im pretty good at coding. But rn idk what to do. Focus on developing my skills, and keep staying broke or learn sales part time and start selling some products as a side hustle? [link] [comments]  |
| Roast my website - looking to increase conversion rates! Posted: 12 Aug 2020 01:10 PM PDT Hello, I am looking to increase conversion rates on my website (www.vaelabs.com). Please don't hold back! [link] [comments]  |
| Need examples of Good PPM's and Pitch Decks Posted: 12 Aug 2020 12:02 PM PDT Hi Guy's, I'm putting together an offering to acquire and scale an existing business. Do you know of any repositories for Private Placement Memorandums and/or Pitch Decks of businesses that were successfully funded? I'm interested in seeing what other have done with the pitch deck to visually tell their story. I'm also interested in seeing what kinds of investment deal structures were used (ie equity, debt, convertible debt, etc). Thank you! [link] [comments]  |
| Posted: 12 Aug 2020 11:58 AM PDT Ive never ordered from alibaba before and I am looking to start my own online boutique. Not releasing anything until summer of 2021, but I was hoping if anyone who has experience with the site or how to stay away from scammers, it would greatly be appreciated ! If you know any better places to buy from, that is welcome as well. [link] [comments]  |
| Posted: 12 Aug 2020 11:47 AM PDT I have csr, private key and certificate. where do i have to put this info?Do i have to put it in hostinger or in namecheap? [link] [comments]  |
| Small tech business inspiration! $0 in 2010 to $45k MRR by 2020, all while bootstrapping. Posted: 12 Aug 2020 10:50 AM PDT This startup went from $0 in 2010 to $45k MRR by 2020, bootstrapping the entire time. In this interview, SupportBee founder Hana Mohan gives a very honest account of what it's like to build a successful small business with reliable income--with little to no investment: https://www.youtube.com/watch?v=qdA0jCGi52s&feature=youtu.be [link] [comments]  |
| I'm starting an upholstery cleaning service - this is my plan Posted: 12 Aug 2020 09:49 AM PDT Hi guys, the last time I posted here was to talk about a necklace venture I'd started up. Well, I didnt like that so I sold it (closed the sale just this week) and I've gone ahead and bought a carpet cleaner, an inverter along with the necessary cleaning equipment. That should be enough of an intro, now here's the plan:
This is what I've roughly thought up. I'm getting all the cleaning supplies this weekend and want to start practising and filming soon as. If you guys see any flaws in my plans or advice you can offer that would be majorly appreciated. I hope this can also be a solid resource for other entrepreneurs. [link] [comments]  |
| As a Black Founder, VC capital was not an option so I went Regulation CF (Thanks Obama) AMA Posted: 12 Aug 2020 09:36 AM PDT Hello ladies and gents, I am a founder of a publishing startup making comics for black youth. I been researching for years on how to get from a small time indie publisher into a small industry publisher. The first hurdle for these things is having the capital to SCALE. No one cares if you got good books if you can't sell X amount of books a month etc. So I had roughly 6 successful kickstarters in the last 3 years and gained a massive following on social media, but I could never secure investment from anyone, even though I clearly had a profitable business and strong IP. After years of this cat and mouse game, I finally got fed up and went to regulation CF. I was going to do my first raise ever on wefunder.com. The goal? $480,000 for 10% of my company. A daunting task but I had a gameplan. I broke down my strategy to 3 RELIABLE pools.
Media placements were out of the question. They are unreliable at best. Influencers can be lazy and expensive. If I was going to have success, I need to make sure the things I invested my time in would RETURN ON MY INVESTMENT. Within three weeks, I raised the 480k and had over 1500 investors. People were fighting for stock like wild animals. I made it seem like this was the end. Here is how. tiered invites
Even though only certain people could invest the first days, i put panic in the heart of everyone. Within 24 hours, 200,000 was gone. My big investors took as much as they could. I had over 200 investors. I let social media know but made sure to give NO ONE the link. All you saw was investors saying "I got mines." and others saying "Where do we go?" Within a week, more than half was gone and the panic really set in as I put out meme after meme targeting "the bad guy" according to our community and how we were "the only solution." The number kept going up and no one on social could participate. Once they finally got in, it was war. We got roughly 80 investor a day on average and not a peep of media coverage, influencer shout outs or anything. We topped every single category on wefunder for the entire campaign. "most investors, most raised, top trending," you name it. We are turning it up x10 at the end of the month as we do another round to max out. Here is the link to our previous round for proof: wefunder.com/blacksandsentertainment Ask any questions. [link] [comments]  |
| Posted: 12 Aug 2020 09:30 AM PDT So I was looking for product on Alibaba to sell on my website (still didn't publish it) and saw a supplier selling geforce RTX 2080 it for about 150$ and that from old experience he is a scammer and decided for the fun of it to search geforce graphics card and founds verified sellers selling the geforce graphics card. And they do costume logo, so my question is, are they legit and can I actually have my logo on it and sell them at my website [link] [comments]  |
| Weekday Nugget - Why Competition is Awesome Posted: 11 Aug 2020 05:28 PM PDT Hey all, I hope you enjoyed my first nugget about why you shouldn't try and be a jack of all trades… Let's talk today about why competition is awesome. There are some markets that have been saturated and low margin for a long time, with not a lot of clear efficiencies to barge in and take a slice without a LOT of effort. Doable—but not easy. An example of this would be a web hosting provider. But the reason why on this subreddit we just keep hearing about local service businesses, digital marketing agencies, and software consultancies is because these are all businesses that exist in giant markets, with plenty of competition, decent to great margins, and plenty of business to go around. There is one clear reason why it is relatively easy to get started in these industries today, tomorrow, and the next day and it comes down to one thing—your target market already understands what you're offering before you offer it. Therefore, the only job you have to do to win a client is to convince them why your particular company is a better fit than your competitors. In other words…you only have to convince your prospects (largely) of one thing. A lot of people that have recently decided to become entrepreneurs try to understandably think of some unique angle they can exploit to begin their journey. Most of these ideas are off on the deep end.A small percentage of these ideas are viable enough, and gain enough traction and are followed through until a Minimum Viable Product is produced. But most of these awesome ideas will fail. Why?You have to convince your prospects of two things:
Most of these ventures fail not because the idea sucks, and maybe not because of crappy execution…it's just really freaking hard to convince prospects of two things in order to win their business. If you're actually creating your own market? Forgetabout it. You need to spend a dump truck of money to educate your prospects about what the problem even is, and then hope that they realize their new imagined pain point is painful and significant enough to take action and give you money. There are very few companies that have ever been successful at pulling this off, and in decent markets, those companies are usually worth over a billion dollars. So…why do would-be entrepreneurs go after these crazy ideas? Because competition is intimidating. They'd rather go after an empty space and create a need rather than fill a need that others are already filling. For those of you that are scared of going into large competitive markets? I've got a secret for you: Do you ever think about how half the people you work with are probably not that great at their job? Well, the same applies to business operators. A lot of the companies, even in the impressive industries, are either providing a subpar service (even if just a little) or they're not handling customer service very well. Both of those flaws, which most companies have, are reason enough for a client to switch. These operational flaws are your opportunity. Your job, then, is just to tap into one of those things by asking them, and tell them how you do things better. Oftentimes, if you reach out to enough people, it's really not as hard as it looks.So get into that scary looking market, do a halfway decent job, and follow up with genuine customer service effort. Eventually, you'll get your slice, your customers will notice, and you'll be in business without looking back. [link] [comments]  |
| Posted: 12 Aug 2020 09:06 AM PDT I have worked closely with the government/military in the past and every time we have to order something (pens, toilets, tires anything) it is ALWAYS obviously grossly overpriced. Like you could go to any local store and pay a fourth of the price for the EXACT same product. Now I know it isn't too hard to start a business by sourcing these items and selling them for a much lower price but how difficult would it be to convince the government to switch and save millions of dollars a year? I'm sure there is a very good reason why this hasn't been done already that I just don't know. [link] [comments]  |
| Online focus groups/paid survey for products Posted: 12 Aug 2020 09:01 AM PDT I'm looking for a company that offer online paid surveys.I'd like to do a market research/focus group about a fashion product i'm about to launch (shoes). It would be great if I could choose among demographic Asian respondents as my product is launching there. Any experience with this kind of services? Something like https://www.prolific.co/ (which does not have Asia as a demographic unfortunately...) [link] [comments]  |
| Posted: 12 Aug 2020 08:59 AM PDT Does anyone have experience on creating a living trust on legalzoom or some other online service? [link] [comments]  |
| Is my expectation for finding an investor realistic? Posted: 12 Aug 2020 08:59 AM PDT So I have a dating app i'm trying to get off the ground. I'm a programmer and I built the MVP for it. There is still a lot of work to be done, which is why I wanted to find a way to focus on my app full time. If that is an option, what would be an expected trade off from my side? [link] [comments]  |
| Posted: 12 Aug 2020 08:42 AM PDT Hey everyone! I'm looking for some feedback/validation on a SaaS product idea and since it's targeted towards businesses and possibly freelancers/individual consultants, I figured it'd be great to post here. The product would be an online automation platform focused on low/no-code web automation. There are similar products on the market already but I thinkTM that offering both the ability to perform the automation using your own computer (unlimited usage but no scheduling or other advanced features) plus a marketplace for pre-built automation routines, there may be enough to differentiate the product with that alone. From my experience in automation, I've been seeing a gap in the market that I can target but I don't want to go into too much detail too early, haha. If you have 5 min I'd appreciate if you could fill out the survey or discuss here. [link] [comments]  |
| Which pricing format is best in your opinions? Posted: 12 Aug 2020 08:38 AM PDT Hey guys, I'm trying to figure out the way to format the pricing for my 1 product store (not dropshipping). In your opinions/past experiences, which of the following pricing formats work best? Option 1. Inflated price, discounted to the actual price. Example: $14.99, marked on sale for $12.99. Option 2. Actual price, without the sale discount. Example: Simply $12.99. This is a low ticket product which fits in to the price-range of the examples above. Thoughts? [link] [comments]  |
| Sharing liability across the board... the best business checking and CC. Newbie Q's Posted: 12 Aug 2020 08:17 AM PDT Hi all, I am looking to start my first small business with a partner. This will be his third. I am handling opening a checking account and credit card for the business and my biggest concern is sharing liability of the CC. Our biggest expense will be fuel, insurance, and tolls so I have narrowed down our options to AMEX or US Bank for the best cash back rewards for our specifics. AMEX told me there can only be one person liable on a business CC, but US Bank said my partner and I can both apply for the business card and share the liability. Are these two different answers just dependent on which institution I work with or was someone wrong and it is a general rule to whoever was accurate? We will own a truck, trailer, and be paying one employee to drive. As mentioned above, our biggest expense by far will be gas/insurance/tolls/payroll/. For anyone willing to give advice on what checking account or credit card I should be looking at that I may have missed, I am all ears! Thank you :) [link] [comments]  |
| You are subscribed to email updates from Entrepreneur. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment