If you are starting out, you are most likely at this stage now. Entrepreneur |
- If you are starting out, you are most likely at this stage now.
- Review your website or idea
- Has anyone created a business/side hustle for the perks rather than the revenue?
- Successful founder, operate best as a #2
- Clickbank is it worth it?
- I can make a high quality and unique business logo
- The Anatomy of a FAILED Product
- Any advice for dads trying to form a tech startup ?
- Looking for some ideas on minimizing overhead for starting up manufacturing
- Facebook Ads Audience Targeting
- Landing Page Survey/E-mail Capture Advice
- How to find a problem to solve?
- Looking for advice. 29 yrs old. Created 3 software companies over 24 months. Co 1 at 3.5m arr, tracking 7m for Q2 2021. Co 2 1.8mm in annual multi year contract, finalizing mvp. Bootstrapped both. 3rd business dead from Covid. Need advice.
- Landing page feedback
- Some guidance please on side project
- If you live in a major city, where?
- Grinding and hustling is the wrong idea. Leading, managing, and performing is the right way?
- Did you write a business plan? If so has it been any use?
- What businesses have you tried and failed? What went wrong? What would you have done differently.
- Looking to do customer testing? Read this first.
- What do people think of those YouTube Gurus?
- Does the brand name 'Active Topicals' suit a performance skin care company?
- Do you think it's possible to make money doing anything?
- Go for it with my own website or keep using 3rd party platform?
| If you are starting out, you are most likely at this stage now. Posted: 27 Sep 2020 12:45 AM PDT Hi, I just lost my job due to covid. However for the past 2 years i have this feeling of a burning candle inside of me. To start something big. I have lost all interest in working as an employee. I usually fog out after 2 hours of work and just grind the rest of the day out. However when i'm working on something for myself i can easily put 18 hour days. My best passive income so far has been the stock market. So i'm counting on it to survive these next few weeks till i find a job again. However i am also taking this opportunity to finally build something for myself. I have failed 3 shopify stores now and working on my 4th. I am building a wordpress blog to hopefully secure ad income, and i am also reading up on digital marketing. I am not going to stop till i find what works, but so far it's ugly but i love this. I love failing, i'm comfortable here, even though i am not making much at the moment, (i'm a 23 year old male) i have learnt SO MUCH. Facebook advertising, marketing, stocks you name it i have come a long way with that knowledge. I'm just going to keep trying, hopefully i find what works soon. I'm giving myself atleast another 4 years. If you are at this stage, you are not alone. Just keep going, keep learning i can confidently say that all this NEEDS to lead to something. I have lost friends, stopped going out and completely focused on making it. If you are at this stage like me, we are nearly there !! Comment your stories, how long did it take you to find "it", what did you go through? [link] [comments]  |
| Posted: 27 Sep 2020 04:22 AM PDT Hi everyone, I've worked in the tech and startup industry for a few years and would love to give back. I'm a web designer/developer by trade and I've built over 100+ websites. Let me know your website or idea and ill give you advice [link] [comments]  |
| Has anyone created a business/side hustle for the perks rather than the revenue? Posted: 27 Sep 2020 10:02 AM PDT I know someone who started a niche side hustle in the hospitality business, and he doesn't make much money (if at all), but he's an insider in the industry now and gets free meals and access to exclusive events/restaurants all the time. I'm sure there's a lot of people who would just say it makes sense to focus on money, and then you can buy all the meals you want. I sort of have a similar motivation. Making a few extra bucks with a side hustle or my own business doesn't really motivate me, probably because I have a decently secure day job. But the idea of starting a business and getting some perks or access seems to be something I find interesting. Has anyone done something similar for a non money based goal? What is your story? [link] [comments]  |
| Successful founder, operate best as a #2 Posted: 27 Sep 2020 06:40 AM PDT Random thought I had today, that I don't think I would have ever been as successful had I not sold my company in 2017. The basis of my company was sound, and I had created about a dozen vendor relationships, defined customer base, defined "voice" of the company, assembled all the bare bones operationally etc. I sold my company in 2017 to my former boss (who works in the same industry) in exchange for a windfall of cash + an agreement to continue running the company and taking a % of profits. Had I not sold the company, I do not think I would have expanded the way I did (resources, capital). We likely wouldn't have lasted another year based on our position. There's no shame or knock to selling your company at an early stage, and trading some prospective success for safety, longevity. I still benefit from the companies success, I'm paid very well, and get to do what I do best (product dev, vendor relations) while the administrative and compliance tasks are taken care of. Main point - recognize your weaknesses early on and own them. Do not be stubborn. Keep you mind open and look at your own performance with an objective POV. Whether you are looking for a cofounder, or a buyer, find out what you are lacking FIRST before you make that search. You can end up sinking faster if you find a partner with the exact same skill set and mind set as your own. [link] [comments]  |
| Posted: 27 Sep 2020 02:23 PM PDT I am interested in starting to sell affiliate marketing product so it can give me some extra income. I am starting now this journey so any tips, courses or YouTube channel that I can take, follow would be great. I would also like to hear your thoughts about this! What works and what doesn't work! I saw some YouTube videos, but I never know if I can trust what they are saying or they are trying to sell me their course! [link] [comments]  |
| I can make a high quality and unique business logo Posted: 27 Sep 2020 11:41 AM PDT Hey, I'm an expert designer with the experience of 5 year with a long list of satisfied customers. Your logo is what grabs viewers' attention and communicate a company's core values in an interesting way. That short attention span is the one that causes consumers to judge your business by its appearance, this can work to your advantage, if you have a solid logo to speak for your company! And as a graphic designer I can provide the following : *High quality and unique design *Fast delivery time 10-20hrs *Very fast replies *24/7 availability *Friendly communication *Complete satisfaction please consider hiring me My rate is 50$ or more depending on complexity My previous works : https://artopedia.myportfolio.com/ [link] [comments]  |
| The Anatomy of a FAILED Product Posted: 26 Sep 2020 07:43 PM PDT I'd like to share a story with you guys that you might find interesting. Some might be able to relate to it, some might not, but hopefully you can learn something from it. If nothing else, maybe you'll find it interesting. So a number of months ago, I did something that I told myself I'd never do. I innovated. Let me explain. When it comes to entrepreneurship and product development, before you can sell your product, people need to understand what it is. If you're selling a cell phone, a dress, or an improved car jack, people understand these things. This means that you can spend your time promoting the relative advantages of your product (easy to digest) rather than explaining what it is or what problem it solves (hard to digest). Unlike the services and widgets we know and understand today, products that are truly innovative or different can sometimes require explanation. If you've developed such a product, rather than spending your precious marketing dollars and the 0.3s of attention that your ads get pumping your product, you have to focus on explaining what it is you're selling and what problem it solves. For a startup with limited marketing funds, no brand recognition, and an audience that is anything but captive, this can be very, very difficult and challenges the likelihood of success. I knew these things when I got into this product, but I thought that I'd give it a shot as the marginal cost of developing was only about a month worth of dev time. What was the result? A total blow out. - No one understood the product - Constant questions regarding the product followed by even more confusion - 0 sales and 0 persistent interest Why am I sharing this? It's a product that has failed, not my business. This was an extension of the product. What was this disasterous product? White Label Software. Specifically, white label software for a super easy-to-use website builder for service based businesses that featured online booking, payments, invoicing, customer management, surveys, calendar, etc. What is white label software? It's software that is developed by a vendor who gives you the ability to brand the software as your own and sell it or access to it to other people/businesses. For example, let's assume that Spotify was white label software. If your name was Jimmy, Spotify would license the software to you, you would then brand the software as Jimmy's Online Music and sell subscriptions to it. It would be identical to Spotify aside from the branding. Spotify would provide you with with the tools to manage customers, answer basic support questions, and control pricing. In return, Spotify may require you to pay them for a flat fee upfront, a monthly fee, commission on each sale you make, or a combination of these things. You can market it where you want, how you want, and will own the brand that you create for it. The company who has developed the software would be responsible for everything on the technical end, including security, enhancements, and bug fixes. With so many people interested in running a tech company without wanting to learn how to code, spending years, or a spending small fortune developing their own SaaS, I thought that this would be a reasonable approach – Pay our company $1,000 up front and $10 per sale and run a business using the platform we had invested years building. Unfortunately, this made sense to 0 people. Obviously, with the marketing that I did, I wasn't able to explain all of this in this detail. I created landing pages that outlined the business model in low detail. Those didn't work. I created landing pages that outlined the business model in high detail. Those didn't work. I spent $200 on an explainer video. Again, just confusion. Most white label solutions are designed to supplement existing businesses. In other words, they allow established business to provide their clients with a piece of high quality software to supplement the other offerings that they provide them with. Eg. software for ad agencies that allows their client to interact with the results from ad campagins. I could be wrong, but a turnkey SaaS whose value proposition doesn't require additional offerings may not be common (maybe it is, haven't spent much time searching them out). This failed product could be a combination of how different the product is or my inability to market. I've accepted that it's not going to work out, and that's fine. I'm not a professional marketer not do I pretend to be. What I've learned is that, going forward, unless I have significant resources, I'll stick with products that people can relate to and understand. For now, I'll stick with more traditional means of advertising and promotion to generate sales. So what made up this failed product? - High upfront price ($1000) combined with little brand recognition - Innovative product that customers weren't able to understand or relate to a product they could understand - A marketing campaign that may have been targeted at the wrong audience - A marketing campaign that failed to outline the core benefits of the product If no one understands this post and if it gets 0 upvotes or comments, I think it would be a fitting end to this saga. Have a great saturday! Jason [link] [comments]  |
| Any advice for dads trying to form a tech startup ? Posted: 27 Sep 2020 09:07 AM PDT Software dev here with a side project that wants to turn it into my full time focus. Trying to find time to work on side project is a major challenge. Any advice appreciated. [link] [comments]  |
| Looking for some ideas on minimizing overhead for starting up manufacturing Posted: 27 Sep 2020 02:33 PM PDT Hi everyone, hopefully this will be worth the sub's attention and garner some good discussion. I am looking into manufacturing graphic design shirts and tote bags. I have screenprinting equipment, but once I do the math I am stuck making each item at a price that worries me because I may not be able to sell for a profit. I don't want to be a simple middleman, I want to actually do the thing and contribute to the power of small businesses. My business' purpose is to help me pay off my debts and help me go back to school to get myself into the animation career. So, like all good businessmen/women, I'm trying to minimize my operating expenses and maximize my profit. I'm not above doing the work myself and I'm not above working long hours. I need to get this debt managed. Also, I want to use this business to fund my own animation studio in the future (if I build a brand, I may as well capitalize on it, right?). So, I am aware of only two options: 1) I make these items myself, which I'd have to sell at about $25 a piece to survive. Or, 2) I hire a shop to do the printing for me and sell the product online. The challenge of option 1 is that I don't have the ability to take advantage of the economy of scale as I'd be doing this on my own. Option 2 presents a risk because I would have to order a massive quantity of the shirts and bags and hope that the shop didn't screw me over with cheap goods AND that the items sell. I want a product that is reasonably quality. I'm a man of pride and I don't want people demanding refunds because something I made and sold is garbage. So, I'm kinda making things more difficult for myself right out of the gate, but its the only way I will be able to look myself in the mirror. So, I want to know what you all think. Am I overlooking something? Am I not seeing a more affordable avenue? Am I just overthinking things? [link] [comments]  |
| Facebook Ads Audience Targeting Posted: 27 Sep 2020 01:49 PM PDT First post on this subreddit ! Hello to All ! I love the energy and the help provided in this subreddit. I have been selling on e-commerce for the past year. I still have trouble trying first find the right audience when I launch a new product. My current product is pretty seasonal, hence covid-19 safety. Me and my family personally use this product. It is a product more suited for people who prioritize their safety and cleanliness. Those people that everyone has in their lives, who always have to wash their hands, the people who have hard time touching things in public places. I have been trying to target these audiences on facebook advertising with no luck. The product slowly sells itself on Etsy however I wanna speed it up through placing advertising to the correct people. I would appreciate any help from Veteran Advertisers to point me in the right direction on how to approach this audience. What type of pages, interests, demographics should I split test and target? IMPORTANT: Before anyone questions my integrity, the price is the lowest in the market. My intentions are not to price gouge or to profit on peoples fears. [link] [comments]  |
| Landing Page Survey/E-mail Capture Advice Posted: 27 Sep 2020 01:46 PM PDT I'm looking to build an e-mail list for a new product I'm launching. I'm planning on using a landing page to do this, but would also like to use the opportunity to gather some basic information about the customer (interests & hobbies, flavour product they would be interested in etc.) Currently the plan is to have a landing page with a call to action (take this survey and enter e-mail for a chance to win *product* once it launches). What would be the best way to do this? Apologies if I've missed something really obvious here, I'm fairly new to digital marketing and struggling to find a way to do both the e-mail capture and the survey. Thanks in advance. [link] [comments]  |
| How to find a problem to solve? Posted: 27 Sep 2020 01:41 PM PDT Arguably the hardest part of creating a successful startup is coming up with a unique business idea, a problem that needs to be solved. What are some ways to search for problems people face in their lives? Are there any articles, websites, or videos that could help me with this step in creating a business idea? [link] [comments]  |
| Posted: 27 Sep 2020 01:21 PM PDT My team and I created a technology which turned into three software-based companies over the past 24 months. we created a small company a year before that that generated enough capital for us to focus on building out the other businesses im our extra time without taking any capital. we developed these other technologies in niche recession insulated industries Covid took place and hurt our original company which was essentially our living expenses and during covid our VC we had lined up backed out. Essentially over committing our work forces. We're at a point where the main team is working 100hrs a week but we may not have the man power to deliver on the other contracts which are very profitable long term agreements. 6fig/m profit by Q3 2021 I have drained my personal finances and credit to get this 90% completed but we might not been able to fulfill. This contract has us supporting thousands of commercial locations via national distribution company partnerships. I can't pull resources from the other company. I've never raised money at all and I'm concerned given the state of my personal finances affecting the ability to get the needed capital. Which we would need fairly quickly 30-45 days to meet the deadline. I'm unsure if we should try to take just enough to get the current contracts completed with a small buffer or maybe pursue a larger amount for a reserve runway. Does anyone have any advice or have been in a similar situation it's greatly appreciated. [link] [comments]  |
| Posted: 27 Sep 2020 12:28 PM PDT Hello everyone, Instead of hiring someone to build a landing page for my legal tech SaaS platform launching next year, I attempted to build one myself. The goal is to get some early sign-ups and find some beta users My background is in finance and I possess no design skills but I think it turned out ok. Any suggestions for improvements are greatly appreciated! Thank you in advance. Landing page: https://thevirtualtodd.com/ [link] [comments]  |
| Some guidance please on side project Posted: 27 Sep 2020 11:52 AM PDT Hi there I have a print and graphics company and that is my full time job , I'd love to pursue something with my favorite hobby which is rv'ing as you call it in the US , or motorhoming elsewhere , Basically I have wide access to people involved in motorhoming in my own country , but can't take liberties and spam these either , What my idea is is for a shopify website to sell custom stickers for motorhomes ( that id make myself) , you see lots of these online for sale , import some camping items from aliexpress to bulk up the site and expand from there as it goes The goal is not to take over from my main business but with a little work I'd love to upgrade my van and use this to fund it ! Has anyone actually made it with shopify or is it a get quick rich pipe dream , this is a niche , but realistically these stickers can already be got or a local print shop can make them I'm just hoping I can tap into my contacts to make it work in my country to start Anyone any suggestions I'd love to hear them or the best way to check out items from China ? Or should I just stick to the day job ! I can do all my own designing etc so that's a bonus [link] [comments]  |
| If you live in a major city, where? Posted: 27 Sep 2020 11:51 AM PDT I'm 22 making 80k/year before tax. I can work from anywhere but love high rise city apartments, they give me such drive. Any recommendations? [link] [comments]  |
| Grinding and hustling is the wrong idea. Leading, managing, and performing is the right way? Posted: 27 Sep 2020 03:06 AM PDT A business owner is suppose to primarily focus on strategy and management. Even then they may or will have strategists, consultants. Most of the duties like the marketing, manufacturing, and so on are delegated and outsourced. Even strategy is partly created by researching(analysis), which is not original ideas but outsourcing ideas. Should business owner's role be about leadership, and management? The rest of the work is outsourced, even researching to find ideas(not coming up from scratch). It is less about bearing a load(hustling), and more about leadership, management, execution? [link] [comments]  |
| Did you write a business plan? If so has it been any use? Posted: 27 Sep 2020 10:38 AM PDT When I first started my business almost 12 months ago I spent hours (more like days!) writing a business plan. I wrote it, saved it, and never looked at it again. 12 months on and there's no denying the business is a success but it looks drastically different to the plan and if I had of followed the plan as it was, it probably would have failed. This got me wondering, has anyone here got a business plan? Have you followed it? Has it been any use? [link] [comments]  |
| What businesses have you tried and failed? What went wrong? What would you have done differently. Posted: 27 Sep 2020 06:46 AM PDT Maybe others can learn... For me, one thing that didn't work was a publishing business three years ago. Obviously there's lots of competition with the internet making it so easy for people to self-publish. My content was in a highly differentiated niche which was a good place to start. THe problem was that the niche was so small that it wasn't worth pursuing. I would have done better to do some early testing to see if there was enough demand. [link] [comments]  |
| Looking to do customer testing? Read this first. Posted: 27 Sep 2020 10:25 AM PDT Hi reddit entrepreneurs, I want to share some experience I've had with qualitative testing for digital products. I know that a lot of eager people, myself included, fall in love with an idea and start to develop it immediately, spending a lot of time getting every aspect of it right, and then hope for the best as they launch it. Sometimes it works out, but a lot of the time it doesn't and it's unclear why customers don't feel as excited about the idea as the people behind it. A lot of time and energy is wasted this way. I've been working in customer strategy and creating and testing prototypes for a few years now, and thought it might be interesting for someone if I share some of the things I've learned:
That's probably a good place to start. I have a lot of opinions on the subject, and I recently started a blog where I write more - designthoughts.ca/blog. I hope this is helpful, remember that the best products are never done, and I'd love to hear your thoughts and questions on the above, too.Thanks! [link] [comments]  |
| What do people think of those YouTube Gurus? Posted: 27 Sep 2020 09:49 AM PDT You've seen them on the ads showing their earnings from Amazon or shopify stores. Anyone tried them? In general are their courses legit? Are scams or misleading claims a big problem in these courses? [link] [comments]  |
| Does the brand name 'Active Topicals' suit a performance skin care company? Posted: 27 Sep 2020 09:34 AM PDT I have narrowed down the name Active Topicals for my skincare brand which sells performace skin care What do you think? [link] [comments]  |
| Do you think it's possible to make money doing anything? Posted: 27 Sep 2020 09:33 AM PDT |
| Go for it with my own website or keep using 3rd party platform? Posted: 27 Sep 2020 02:35 AM PDT I have designed my own website but some stuff is outside of my ability. So I've been quoted for some work on my website (basically installing woocommerce and a specific quotation and ordering form) I'm REALLY happy with the price, but it's about 1/5 of what I've earned in the last 30 days on fiverr. I will be able to charge more through my own website, but I'm not at all confident I'll be able to bring traffic in to the website. I do have a content marketing plan in place that involves YouTube, blog articles, and a podcast, all of which will be created by using the YouTube video as the framework. But I have very, very little knowledge on SEO and anything I've tried to apply previously, even in A very small hobby-based niche of mine has not worked. If my website takes off even with just one order a month, I could theoretically quit my day job. Which Do I take the risk of spending money on the website, with only a small amount of self-confidence, or do I stick with just fiverr work in an evening to top up my income from my full time job? It's about $200 which is about 1/4 of a monthly salary for me rn. My niche is transcription services. [link] [comments]  |
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