Wantrepreneur Wednesday! - (September 23, 2020) Entrepreneur |
- Wantrepreneur Wednesday! - (September 23, 2020)
- To people with a business: what is the biggest challenge you're facing right now?
- I quit my job one month to focus on my pest control company - an update.
- Building a tech startup and raising funding with your co-founder/brother on a ventilator
- Had to kick out a renter for the first time, I feel bad
- Would companies pay to get an appliance breakdown of their energy usage?
- Collaborative Product Idea
- Business strategy, marketing and social media consulting. I also do content creation and social media management.
- Can anyone help me with marketing to e-commerce sellers?
- App for helping you make everyday decisions and spark discussions through social polls!
- A 17 year old who started a startup needs help
- How do I make an expensive transaction online?
- How can Entrepreneurs like Elon Musk buy expensive cars that are worth millions and also mansions when he declines his salary?
- How to start Investing! Basics
- Any Alibaba users able to give tips to a newbie?
- Looking for advice on raising an angel round
- How To Generate Quality Leads - From a Founder at an MSSP
- Corona helped me give up college and help develop my dad's business.
- Thinking about a new business
- If you could talk with your younger, less experienced self, what are some mindset shifts you that you can give that younger version of you to avoid some struggle and difficulties that you went through?
- [HELP] Work emails go to Spam Folder
- How do you choose what aspect of business to get into? (Not Niches)
- What 3 books would you recommend & why?
- Alibaba $1000 inventory purchase/shipment. Should I be concerned by the sellers actions?
| Wantrepreneur Wednesday! - (September 23, 2020) Posted: 23 Sep 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]  |
| To people with a business: what is the biggest challenge you're facing right now? Posted: 23 Sep 2020 06:36 AM PDT Just curious! I know a lot of small businesses are struggling at the moment and I just wanted to know some specifics. [link] [comments]  |
| I quit my job one month to focus on my pest control company - an update. Posted: 22 Sep 2020 06:37 PM PDT I have just about eclipsed the one month mark since deciding to go full time with my pest control business. I did a couple of things they say you're not supposed to do, but it has really worked out for me. 1. I left my full time job without enough income to cover bills (I did have a little saved up though) 2. I expanded my service area. In pest control, and other service businesses, the more condensed you are the better. Fortunately I'm now bringing in enough to cover my bills. I live in and operate my business in Tuscaloosa, but I have roots in a more rural area west of Tuscaloosa. I have since started servicing that area too because of my connections and the competition is much worse. My goal right now is to get my termite and mosquito certifications so I can start adding those services. I've been turning down business because I haven't been certified those areas. Covid has also closed the testing centers nearest me so I couldn't get certified when I wanted to earlier this year. By February I want to have both certifications. I'm working harder than ever and sacrificing more than ever, but I'm definitely happier. Next week will be my busiest week since starting as I'll be adding 7-8 new recurring customers. If you have any advice, please send it my way. I appreciate y'all. [link] [comments]  |
| Building a tech startup and raising funding with your co-founder/brother on a ventilator Posted: 23 Sep 2020 11:21 AM PDT Found this podcast to be super interesting. There is only 1 ep so far but in the first one the CEO tells the story of running his company in the middle of the pandemic, and how his brother/co-founder got infected with COVID and had to go on a ventilator! (he's okay now). This all happened while they were raising their series B funding. Lots of good discussion about mental health and parenting during this time as well. [link] [comments]  |
| Had to kick out a renter for the first time, I feel bad Posted: 23 Sep 2020 11:20 AM PDT I guess I have to get it off my chest and at the same time I am looking for advise how to emotionally deal with it. I rent out a room for workshops. During daytime I rent it out for business workshops. In the evening there are dance classes. I had to fire a renter. He always was the problem child. While I heard from many people how good the course is he is giving. His course was also the one I got the most complains for by neighbors, other course teachers and even my landlord. At one point he disobeyed the Covid-regulations in my country in a way that could have cased very major damage to my business. Times and times I tried to communicate, minor things changed, but other things happened. Long story short... Rationally I know it's the right thing to let him go. However talking to him was hard. I know, that the major part of his income is generated by the course he is giving in my place. I also like the guy... I feel bad. It's the first time I had to do this. Can you guys give me some advise on how to cope with that kind of stuff? [link] [comments]  |
| Would companies pay to get an appliance breakdown of their energy usage? Posted: 23 Sep 2020 07:40 AM PDT Advantages would be that ALMOST all standby power would be eliminated because of the device(roughly 10% of electricity bill), better idea of energy usage that could also be shared with employees to make them more energy conscious which could possibly bring further reductions in the bill. [link] [comments]  |
| Posted: 23 Sep 2020 07:49 AM PDT So I've found a problem that I'm passionate about trying to solve and thought I'd open it up to this community to add any ideas/help brainstorm. Problem/Cause : It takes a lot of effort to check up on your friends' mental health and people tend to forget to do it even if they intend to. My thought is that, if this process were much simpler and there was some way to remind the user to check up on their friends then it would get done alot more. This concept obviously hits close to home for a lot of people and any work done in this field is always a huge positive. Anyways if you guys have any ideas on what this should look like/what features this should have -feel free to drop a comment. [link] [comments]  |
| Posted: 23 Sep 2020 02:32 PM PDT I'm launching a consulting business called Peek to Peak Consulting that will focus on helping small businesses, entrepreneurs and startups grow. I'm a pharmacist by trade with 12 years combined experience in strategy and innovation for a Fortune 500 company, as well as marketing, content creation, product ideation and social media management in the entrepreneurial and startup space. I know there are large companies out there with deep pockets, but my heart has always been in the grind. I always found it thrilling to see an idea come to life and I'd love to connect with folks who are currently or were just recently bootstrapping their way to the next level. Some things I've done so far:
What else could I do to increase my market reach? I should also add that I plan to do YouTube videos, so that's on the horizon. I'm curious to hear what other ideas you guys have. [link] [comments]  |
| Can anyone help me with marketing to e-commerce sellers? Posted: 23 Sep 2020 10:43 AM PDT Hi all! I've recently co-launched a video production studio offering flat-rate premium product videos to e-commerce sellers. So far, I'm not sure exactly of the best way to get in front of medium-large sized sellers aside from on e-commerce Facebook groups. It's almost impossible to contact sellers through Amazon, other than through their customer service page, which is essentially pointless for trying to reach decision makers. Other than that, I have been contacting the mid-large sized Shopify stores but with few results. Does anyone have experience with this or is able to lend some words of advice? Hugely appreciate it if so! Cheers 🍻 [link] [comments]  |
| App for helping you make everyday decisions and spark discussions through social polls! Posted: 23 Sep 2020 02:19 PM PDT I launched an app called WhichOne roughly three months ago to help people make everyday decisions. The process is fairly simple: You post two images*, one question, and let the world help you decide! We've had users use WhichOne to help decide their next Instagram pictures, different clothing accessories, start discussions, and more. I come from a Software/Product background and have mostly done B2C in the past and it was much simpler for me because I knew I could spend $X amount on advertising and still be profitable. With a product/app like this, it's tougher because it becomes truly viable after a large number of users adapt it and we don't really make much money until then. And considering we're bootstrapped, it's a bit tough to spend a large amount on marketing. I've tried to come up with more creative marketing ideas that are free (like leverage TikTok and try to create viral videos) but trying to find other avenues as well. Any thoughts? Anyone here who's had success with something like this? * We do plan on also launching text polls at some point in the near future. [link] [comments]  |
| A 17 year old who started a startup needs help Posted: 23 Sep 2020 10:21 AM PDT Hey guys, This can be long but I am sure it will be interesting. I am writing all of this from the core of my heart and I am sure somewhere out there, someone knowledgeable enough will read it and guide me accordingly. So a quick brief about myself, my name's Tanush, a 17 year old "Indian" (This is important) who just turned 18 a few days ago. So I am a graphic designer, I have worked with 100s of brands since last 3 years and I am sure they all were unaware of my age and hired me out of my portfolio. I don't want to judge my own designs, but I get great response from the community when they see my designs. Now India's a country where while being a high school student, generally they don't dream to start a business or work for businesses, and even if a student tries so, the community isn't much supportive, parents want their sons and daughters to study from a broken education system and live the rest of their lives working under a MNC after securing a degree. I won't blame the parents here, they just want their little ones to have a great and secured future rather than having a risky business but what this does is kills our creativity. Hence India generates one of the smartest minds and gets imported by abroad and foreign companies which is considered to be one of the greatest achievements here in India. ( India produces more engineers than US and China combined ) but they fail to generate creativity. Now, my parents unlike the majority are very very special, they understand me and my perspective, they agree to my stupid thoughts and needs, they never force me to do anything which I don't want, in short they are very very supportive. Now obviously, in return I always want to fulfill any wish they have, I feel like, "Wow! They are so amazing, I have to fulfill any wish they have", now obviously nothing's perfect, their only wish in exchange for their supportive nature was for me to be good academically. And unfortunately, I wasn't ( though I am above average ), I just didn't wanted to study things which won't be valuable to me in the future ( Our curriculum is very very outdated ). So as I loved computers, designing and solving problems with businesses, I used to read books which could increase my entrepreneurial and marketing knowledge (One of my favorite being the "Influence | The Psychology of Persuasion", I have completed over 25-30 courses in Udemy and I currently know to operate more than 6 Adobe Software. So everyday and night, I was wondering about problems which the world had, and ways to solve them (to me this is what business is). Opened several of them, and closed without seeing much profit and then one day I sat to re-evaluate myself and my mistakes and that is when I realized that I was not giving enough time for each of those businesses to flourish. I wasn't giving enough of my dedication to any of them. But often, I used to doubt myself, that really will a 17 year old be able to earn enough or start businesses, if this would be so easy, why people so experienced and aged would struggle to do so. But somewhere down my heart, I wanted to prove the age factor wrong. Though at that time I also used to carry out part time and freelance jobs. So fortunately, I was little successful at earning, Getting $200 per month through freelance jobs which is a big deal here at the age of 16 was something which I was able to do, so they were satisfied that I am skillful enough to earn without being good academically. But I wanted to make them 'very proud' so I had bigger dreams, I wanted to buy my mom the dream house she ever wanted as soon as possible ( because I have this strange and weird fear of the death of my parents, and I want to achieve things as soon as possible at least so that they can see that they were successful at making their son a great and successful person and go very very happily and peacefully ), I wanted to be one of the most youngest entrepreneur the country has seen and don't worry, I am very very against of 'get rich quick schemes'. I believe in the hard work that goes into earning. So, now you know the little background of mine, and back to current situation. So now, after evaluating all of my mistakes and understanding what I am excellent at, I opened a company which served Social Media Management services by making beautiful content 5-7 days a week with mesmerizing caption copy ( I did hire a talented copywriter for this and 2-3 more people for better management) and I posted our portfolio in one of the Facebook groups, and instantly few people approached from all around the world and I successfully closed two of them from Portland and Australia respectively, It's been 4 months, and we produced beautiful and engaging posts for them and even successfully carried some marketing campaigns as well. Through my experience of last 2 years, I had little knowledge about the Instagram algorithm as well, so I was able to successfully bump up their engagement rates as well. So now this so called company of mine is generating more than 600$ monthly, (though not much profit is left, but I don't want to secure profit right now). But something inside me was telling me, if I secured just 2 clients without any much effort and helped them with their problem of social presence then over the world, there must be so so so many companies who are in need of the same services, I searched through Fiverr and all, and people are charging hundreds of dollars for designs which are no where close to ours so I am pretty sure, I can scale this to immense figures. Now the facebook group where I posted the portfolio have closed the option of promotions, and I can't seem to approach clients or get any leads. I am exploring LinkedIn, Fiverr and other sites. but still I feel like there is something which I am missing or doing wrong. Now I know there are a lot of people with immense knowledge here, if you did read all of the above. Thankyou so so much, I feel proud that I was able to make even a single person read this. but if there is anything, any advice which you feel should be given to me, please do so. Where should I look at, where should I get the clients, should I start with Paid ads? What should I do right now, even if you have anything to say apart from this, please do so. Any critique or comment will be valuable to me more than you know. Again Thankyou so so much for reading this through. Hope you have a wonderful day ahead. My personal portfolio ( this is an old portfolio, some of my work is not updated ) - https://www.behance.net/gallery/90405155/PORTFOLIO-19 The Company's portfolio - https://imgur.com/gallery/VEht0cJ P.S -> Sorry for my bad english. [link] [comments]  |
| How do I make an expensive transaction online? Posted: 23 Sep 2020 01:33 PM PDT I need to purchase an expensive item from an individual. How can I guarantee he will send the item after I send him the money? Some kind of escrow? Is there any easier way? Thanks. [link] [comments]  |
| Posted: 23 Sep 2020 01:20 PM PDT The only other option that I can see is to sell his shares but he hasn't done that as well. I know that he is a billionaire but that billion is not in liquid asset or cash. I do not see cash flow as well. He has amazing capital gains though. Capital gain and cash flow are entirely different so how do they afford it? Does Elon get dividends from his investments? Is that the only way? [link] [comments]  |
| How to start Investing! Basics Posted: 23 Sep 2020 01:13 PM PDT |
| Any Alibaba users able to give tips to a newbie? Posted: 23 Sep 2020 12:50 PM PDT Hi there long time lurker here. I've come up with a good product idea and went to Alibaba for an order. I want to order 20 units and got a quote from a supplier for 1.50 dollars a unit. How do I proceed? Are there any hidden costs to be aware of like shipping? And if anyone has input on sales that'd be helpful too! The product is apparel if that helps. I am starting with a low stock so I can see how well it sells. Thanks! [link] [comments]  |
| Looking for advice on raising an angel round Posted: 23 Sep 2020 12:46 PM PDT Hey guys, Im looking for the best way to raise a friend, family and angel round. Any tips on what the typical minimum check size should be, the process of pitching/approaching family etc would be greatly appreciated. Also if you used any tools as well, it would be good to know. I saw this one tool mystartupangels.com and was wondering if anyone had experience with using it? [link] [comments]  |
| How To Generate Quality Leads - From a Founder at an MSSP Posted: 23 Sep 2020 12:13 PM PDT It took my firm 12 years to implement the "lead" recipe, but PPC and SEO have taken my firm to the next level. Just a glimpse at our projected numbers. We are on pace to meet with 400 CEOs this year. A huge accomplishment for my firm. We are the number one organic Google search for over 30 keywords and our PPC ads come up on the first page. Our campaign continues to generate leads every day. I personally set up the campaign back in 2012 and for three months, we paid Google $2,500 a month with zero leads. I was about to pull the plug at the end of week 12, but decided to give it another two weeks…on week 13, leads started streaming in daily, at times, 3-4 firms would contact us in one day. I will warn you, if you do not have a PPC expert in-house, you will be flushing money down the toilet. Here is my recipe to success if you plan to invest in PPC;
One more piece of information. 99% of my competition was not leveraging PPC and SEO to drive traffic to their site. The 1% that was...90% of them are failing with their PPC strategy. Feel free to DM me. If you want to look me up on LinkedIn, I am at https://www.linkedin.com/in/itmanagedservices/. Happy to answer any questions. Good luck to everyone, hope this helps clear up any questions you might have about PPC and SEO. I am the proof in the pudding :-) [link] [comments]  |
| Corona helped me give up college and help develop my dad's business. Posted: 23 Sep 2020 01:31 AM PDT Hello! Just came here to talk for a while. In the beginning of the year, I was just so ready to give up college but had no balls to do it. However, when Corona kicked in , right here in Portugal, I started having online classes and saw my dad getting worried about his business. I never really had the balls to tell my family that I wanted to quit, but boy oh boy, in those first few weeks of quarantine, my instinct was to say goodbye college and go help my dad, who's been supporting me for the last 2 years without any need to. So , I did it. No more anxiety, no more worries about the future. Whatever happens happens, but not before I got something to say about it. I'm now working at marketing at his company, that produces acoustic panels and wall cladding in ceramics and wood. I fall asleep reading about marketing strategies and wake up reading about the products he sells. I also learned coding for simple website editing, and it's been so useful. Giving up things that don't make you money, smarter or happier really helps, uh? [link] [comments]  |
| Posted: 23 Sep 2020 12:00 PM PDT Hello all, I would consider myself an entrepreneur. I have two revenue streams. My third, an air bnb business essentially collapsed because of covid, but i kind of wanted to end the business anyway as it was getting too time consuming. This leads me to my next thought, which i would like some feedback on. I am looking to possibly start a 3d scanning business. Does anyone have any knowledge on this business type? I am not a photographer but 3d scanning homes seems to be in demand. I live in a major city and if i made an extra 15-20k a year i would be set. I bet it may be saturated, but anything else i should know about this, that's not obvious? Thanks in advance. [link] [comments]  |
| Posted: 23 Sep 2020 11:52 AM PDT Some of this could include – self love, beliefs, values, boundaries, procrastination, hesitation and more Really looking forward to some answers. Thanks! [link] [comments]  |
| [HELP] Work emails go to Spam Folder Posted: 23 Sep 2020 11:32 AM PDT Hi there and thanks for your help in advance. I just joined a company, that uses the INITIALS@COMPANYNAME.COM format (ie at@thebiz.com) His first email came through a job platform, so no worries, but the 2nd and 3rd, from his work email, went straight to my SPAM folder (I used Gmail). I filtered & labeled his email address, but: a) he said he sent me two emails I never received b) his last reply to an email I sent went to my spam folder What could be the issue and how to fix it for this new company I'm going to join? Thanks for your help [link] [comments]  |
| How do you choose what aspect of business to get into? (Not Niches) Posted: 23 Sep 2020 10:23 AM PDT I'm 17 years old and I'm very driven by the idea of people being able to make money at home at your computer and just living the way you want to. I've stumbled across SOOOOO many business ideas in aspects of drop shipping, Options, building dividends portfolios, and just all that stock trading and stuff. How on earth do i choose what to choose from... If im being honest i know i could do it all. I got the time, patients and the drive. i know i do. but i want to build 1 idea before i start trying to expand to different aspects of business. How do i choose, What's most reliable, anything i should know before hand. [link] [comments]  |
| What 3 books would you recommend & why? Posted: 23 Sep 2020 10:01 AM PDT |
| Alibaba $1000 inventory purchase/shipment. Should I be concerned by the sellers actions? Posted: 23 Sep 2020 09:45 AM PDT I have placed an order through Alibaba for items for my store at ~$1000CAD. It's my first one and I'm not sure if this is normal or I should be concerned. I understand the pandemic complicates things. The seller seems to be dragging things out and now it looks like they entered tracking information and voided it two days ago. I heard shady AliExpress sellers do that in some situations and it is a bad thing. This seller looks to be quite highly rated and is in the top 35% of sellers. Today I asked the seller if there's a problem with the shipment and haven't heard back yet. Just thought I'd check with people who use them often! Thanks! What do you think from this sequence of events? Thank you for your help! September 1: Seller sends invoice including their Alibaba fees September 5: Full payment cleared/received (through Alibaba trade assurance) Seller says will arrange shipment September 7. Contract says good will ship 12 days after cleared payment. September 11: Seller reconfirms shipping address September 15: Seller asks if a different shipment method is preferred which takes longer but includes taxes. I confirm. Seller says will ship that day. September 16: Seller says shipment ready. Tracking number takes 3 days to obtain. September 16: Seller requests to amend contract from 12 days to 15 days following cleared payment. I sign off on amendment. September 21: Tracking number received. Tracking states: "Hong Kong Order Processed: Ready for UPS" September 21: Tracking states: HK Voided Information Received Today I asked the seller if there's a problem with the shipment and haven't heard back yet. Just thought I'd check with people who use them often! Thanks! [link] [comments]  |
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