Wantrepreneur Wednesday! - (October 07, 2020) Entrepreneur |
- Wantrepreneur Wednesday! - (October 07, 2020)
- For the successful entrepreneurs out there, if you were 22 again, how would you start your journey from ground up?
- Making use of Reddit as an Entrepreneur [Beginners guide]
- How you can leverage these 20+ curated lists of companies openly available to everyone
- If you were gonna start a business with the only goal of making enough to cover your bills, but only had $1k to start with, what would you do?
- Suggestions for improving the user experience for our website
- Reserving Usernames on the Internet to reach $150MRR
- Mechanical Engineer looking for side money
- How to reach out big clients directly
- How I Designed My Business Operations Manual
- Email marketing
- Seeking digital marketing partner
- Started my own subscription box service, having trouble with book vendors not reaching back out. I am also not sure how to obtain vendors lists for my bookish themed items. Any help is appreciated !
- I am creating an app that offers a cleaning service, and I have a credit of $8000 of AWS, how do I levrage that to my benefit
- Logo tester site like Photofeeler.com?
- How do I ask for more than half of our new business? And how much of it should I ask for?
- What licenses should I use?
- Join our unofficial discord for Entrepreneur! We hope to have a moderator blessing one day to make this discord official!
- Need help with pricing
- Validating ideas on Reddit as an Entrepreneur
- Looking for penetration tester
- I own a small phone and laptop repair business and I’m adding the option on my website where they can ship it in. Let me know what you think
- Reconsidering selling on Amazon. Worth the trouble?
- The ultimate new business package of skills?
- Emergency fund formula
| Wantrepreneur Wednesday! - (October 07, 2020) Posted: 07 Oct 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: 07 Oct 2020 02:31 AM PDT |
| Making use of Reddit as an Entrepreneur [Beginners guide] Posted: 07 Oct 2020 05:04 AM PDT Disclaimer: I'm fully aware that this is a sensitive subject. Please note that I'm not here to promote rule breaking tactics, or shady methods. And I'm open to any feedback or comments you've got. I was invited to talk about Reddit for startups on a Youtube channel, the video is here, and below is a breakdown. And I made sure to mention this very subreddit :) Market Yourself Using Reddit – 5 Easy Steps
The first step is to get familiar with how Reddit works. Reddit is different from other platforms, e.g. Facebook, Twitter, Instagram, etc. because it was built to be a discussion-based platform, focusing on user engagement. So, get started by creating an account and browse SubReddits. Read the rules, get to know how the voting system works, what karma is, etc. There are all kinds of SubReddits available, from gaming and blogging to politics and animal photos, and more. As an entrepreneur, you will want to check out these SubReddits:
This step is an extension of the above as it will help you further understand how Reddit works for marketers as well as how you can fully utilize it for your marketing efforts. So, don't hesitate to ask any relevant question that comes to mind, e.g. How to find investors? Is SEO required? Can I use hashtags? Again, there are relevant SubReddits you can engage to get a grasp of what is required to be a successful marketer on Reddit, what to do, and what not to do. For example, if you wish to run an Instagram marketing campaign, you can check out r/InstagramMarketing
Now that you have an understanding of how Reddit works and what to do and what not to do as a marketer, it is time to gather a comprehensive list of SubReddits that are relevant to your niche. For this purpose, it is recommended that you use Delay for Reddit. This easy-to-use tool allows you to search valuable subReddits based on the keywords of your choice. Use this tool to find the subReddits relevant to your niche and take your time to learn what kind of content gets posted and upvoted in them. Each SubReddit will have their own set of rules. Don't forget to read those as well.
Once you have gathered the list of relevant subReddits, the next step is to figure out what to post. Your goal here is to figure out what will work and what won't. You want to contribute to the SubReddit by posting relevant, useful content. It is an organic way to insert links to your site. If you are not sure what to post, take inspiration from popular and trending content relevant to your niche and create something original from it.
Before you make efforts to gain traffic, it is important to remind yourself that Reddit hates marketers. It hates the very concept of marketing, or any brand that tries to promote itself on this platform in general. In fact, there are a few subReddits that are made specifically to call out marketers that try to do this. So, it is highly recommended that you be transparent and upfront about your marketing efforts and add links to your posts in an organic and seamless way. That said, there are a few subReddits that allow you to openly promote your brand. So, be sure to take advantage of those. Those subReddits include: In conclusion, a Reddit marketing strategy can be tricky. But this does not mean it is impossible to generate great results on this platform. Just be sure to do your research, get a better understanding of how it all works, and familiarize yourself with its rules. The more you know about Reddit, the easier it will be to use it as a marketing tool. [link] [comments]  |
| How you can leverage these 20+ curated lists of companies openly available to everyone Posted: 07 Oct 2020 08:08 AM PDT To help all entrepreneurs having relevant lists of leads to target we created Amplemarket Lists, a repository of manually curated lists of companies. There, you can find lists such as: ✅ Companies that launched on Product Hunt in September 2020 However, these lists alone won't complete your outbound game. So here's a strategy you can use:
Further insights: - "I found you on the fastest-growing companies" - this alone is weak How can you add more value to the above message? (a) "reaching out because I see that you use ____ which we integrate... " (b) "If my homework is correct I understand your company is using _____ how we differentiate is...." - this is what makes your email to stand out from the others. *** It might not work for your ICP and the messaging needs massaging but you get the point. [link] [comments]  |
| Posted: 07 Oct 2020 01:44 PM PDT I don't want to focus on getting rich, I want to focus on working for myself and paying the bills. I have some ideas but I'm curious if anyone else has anything good that they've done or want to do that falls into this category. If I can just pay my bills with something I run myself I will be ecstatic. [link] [comments]  |
| Suggestions for improving the user experience for our website Posted: 07 Oct 2020 11:44 AM PDT Hello All! Me and a friend have created Whatpops. This site aims to show you the best places to eat in London without the faff that comes with usual suggestion platforms (Too much content, Fraudulent reviews, Paid Content, Fake content etc). We have a long way to go, so bare with us! At the moment it is essentially a curated list of the best places to eat. We plan to develop it to the point where it is run by user submissions and user votes. Link: www.whatpops.co.uk At this stage, we feel like it might be a little clunky and not that friendly for users on the site. It needs to be to the point where when a user can find a suggestion for a place to eat in less than a minute. We are heavily thinking (Emphasis on thinking) that the map view would be the most appealing in terms of users searching for what is around them. Some of the content on the individual location pages is also very clunky, but at least it is up there for the time being. Any help would be really helpful. Be as savage as you need to be. All the best,H [link] [comments]  |
| Reserving Usernames on the Internet to reach $150MRR Posted: 07 Oct 2020 02:29 PM PDT Original post with images: https://tinyprojects.dev/projects/earlyname Selling Usernames on the Internet to reach $150MRRStats:
This month I built and launched a website called Earlyname, which lets you claim your original "OG" username on new apps, games and websites. This is the story of how it went. The IdeaHello, and welcome back to another edition of man tries strange business ideas on the internet. I'm your host: Tiny Projects. How are you all doing? I'm doing just dandy, thanks for asking. I actually went on a nice holiday to Crete, where, lying on a beach, slightly sunburnt and eating a budget salami sandwich I'd whipped up in the morning, I had the idea for my next Tiny Project. In the weeks leading up to this moment I'd been frantically searching for my next thing to build. This time, I thought; this time, things were going to be different. I was going to go out in search of a problem, then build the solution! That's the advice every Indie Hacker gives, right? My god, I tried to do this. I posted in subreddits, facebook groups and sent off a few emails, all looking for people with problems to solve. I even read half a book called "Zero to Sold", which was about a man who made a lot of money selling software to troubled english teachers (Sorry Arvid, I'll finish it one day). My subreddit questions got loads of replies, I focused on areas I knew, but I just wasn't feeling anything. Perhaps that's just the truth? Maybe the most profitable businesses aren't initially that exciting. Back on the beach I'd finished my sandwich, and was just about to try a Greek delicacy: Pizza flavoured Cheetos. You just simply can't get this stuff back in the UK. *Ping\* On my phone I received an email from someone called An asking if they could change their username to an on Snormal, the tiny social network I'd built the month prior. It was a reasonable ask, and I was more than happy to oblige. However, my attention had been diverted away from my strange pizza-flavoured snack, and was heading straight towards the bright lights of username city. I realised, when I first showed my girlfriend that same social network I'd made, she signed up and commented how excited she was to get her first name alice as a username. The day before An's email, I had signed up to Amazon's upcoming MMO "New World", and was pretty stoked I managed to get my last name stokes as a username. I also realised that I'm always trying new stuff online, no matter how bad it is, just so I can snag u/ben as a username. And wait, wasn't that whole massive celebrity Twitter hack over the summer to do with usernames too? Gosh darn, yes it was. Well, at this point, you can probably see what I was thinking: usernames, usernames, handles, usernames. All sane thoughts about "product-market fit" and "finding a problem" went straight out of the proverbial window. In the words of Love Island: my head had been turned; turned straight to usernames. I had my next idea: A website that shows you new products where you can claim your perfect username. Even if it failed, it seemed like quite a cool project. I like usernames, I like trying new products. What's there to lose? Well, I guess there's only one way to find out.I got back to England and two things crossed my mind:
What I wanted to build was a website where I could enter the username that I wanted (ideally one that was rare, e.g. ben) and my email, then each month I'd get sent a list of new things where I could get the username ben. I even wrote it down in a fancy Moleskine notebook to make it official. "Earlyname is a website where users can subscribe via email to receive a monthly summary of upcoming, exciting apps, games and websites. The caveat is that these websites allow users to have unique handles. Short original usernames and handles can prove to be valuable if a platform becomes popular, with short handles like u/ben u/red u/dragon selling for lots. There is also prestige in holding these valuable original names - they look cool, and it shows that you are a forward thinking early-adopter." "Users would receive a monthly email with several hand-selected platforms where usernames can be acquired, and if they are available." I could also see two ways of making money out of this:
Whether or not people would actually pay for these things, I did not know. Oh, and earlyname.com was conveniently available for the princely sum of £10, so I bought the domain name and christened this invention "Earlyname". Pro tip: always buy your domain name before building. Okay, lets build this thingLooking back at how you coded something is always a bit of a blur. At the time it always feels super interesting, but then you finish and realise it was actually very boring, sort of like telling someone about a dream you had. I'll give you an overview anyway. In total it took about 3 weeks of work alongside my regular job to build Earlyname. I set out to tick off these 5 items in order to have a working MVP:
I tip tapped my little fingers on my light up chroma keyboard for a few weeks and, huzzah, the Earlyname website was complete. Along with implementing code for paid subscriptions, I wrote some pretty cool stuff using Puppeteer to automate checking if usernames were available on different websites. Firebase was once again my friend for hosting and storing user info, and SendGrid handled all my emails. So I now have a website where users can:
My initial "new products" were Amazon New World, Makerlog, Reach.at - and of course, my very own Snormal. All of these were websites where you could make an account with a username. Well, things are looking alright aren't they, I've gone from eating a sandwich on a beach to having an actual product. Now I guess I just need to put it live and start raking in some cash, cash, dollar, dollar. But wait, you need some users first.Ah yes, good point. I had a plan. I wanted to test if people were willing to pay each month to see if their username was available on new, exciting products. If they did, how much exactly would they pay? Once that was figured out, I'd stick Earlyname up on Product Hunt for an official launch. So how much would people pay?I had no idea. I thought somewhere in the range of Netflix Subscription price territory of $1 - $8. I decided to try a price point of $8/month first. Another problem I had was that I was slightly clueless as to who my end-user was.. People who like.. Usernames? It wasn't exactly clear. No worries though, I had a good friend who'd help me figure out exactly who would like Earlyname the best: Facebook ads.It's the ultimate lazy-man's marketing. Just throw your product to the ad algorithm and Facebook will slowly figure out who exactly your perfect customer is. I crafted a video advert and set it live. My budget was set at £20/day so things couldn't get too wild. All that was left to do now was sit tight and wait. So, I went about my week as normal, peeking at the ad statistics in between doing proper work for my regular job. One day passed, two.. three. Nothing. People had initiated the checkout, but no one had actually completed that $8 sale to subscribe to my email. It gave me hope that people were at least interested. Perhaps my price was too high? Down to $1/month the price went.At this point I was simply testing if people would actually even pay any money for this. Another couple of days went by. I was getting increasingly nervous seeing ad money leave my bank account and into Zuckerberg's. No sales. Facebook ads were clearly not going my way. Maybe my creative was bad, Facebook's algorithm hadn't warmed up yet, or, most likely, the idea was just something people didn't want to pay for. Either way, the ads were killed, and I directed by Chrome tab towards ogusers.com, where everyone loves rare usernames. The scary world of OGUsersNow, OGUsers is quite a scary place. A lot of the people on there sell Instagram accounts with rare handles that they've obtained in, what I can imagine is, not the most ethical way. However, they seemed like my perfect target audience: people who loved rare usernames. I sheepishly put my website onto the "General Discussion" forum. It got a fair bit of interest, but no bites. Well.. what do I do now?I'd created Earlyname.com, a website that sends you new products and tells you if your super rare username is available on them. But, nobody so far seemed to want to pay for a service like this. It was time for plan b. Plan B.Or should I say: Plan Free. Earlyname was going to be free to use. Free would mean lots of people would give me their email and sign up. I'd then have a massive email list, and revenue would be generated from all the companies who wanted to feature on that list. I didn't want to completely scrap all the beautiful paid subscription code I'd written though. Therefore, on a whim, I left a little checkbox that you could click with the text: "(Optional) - Reserve usernames for me - $10/mo". At this point, apart from the 18 people who'd clicked my facebook ad, I still hadn't validated that this was a thing people even wanted. I knew my answer would come from putting it on Product Hunt and letting the people decide with their upvotes. Product HuntIf you're not familiar with Product Hunt, every day at midnight the Product Hunt homepage refreshes and people can submit new products that they've found or created themselves. The products then compete throughout the day to be the most popular. The more upvotes the product gets, the higher it moves up the page, the more visibility it gets and the more traffic you'll get to your product. There was not a more blunt way to tell me whether Earlyname sucked than a Product Hunt popularity contest. After my previously tragic Product Hunt launch where I clicked "Launch Now" about 3 days earlier than I was supposed to, I was determined for this to go smoothly. I had a strategy:
With all this in mind, I finished up preparing my Product Hunt post on Friday night, pressed "Schedule" for 00:10am PST the next day, and went to bed. I live in England, so it'd be live sometime in the morning. Launch day.I woke up at 7am sharp and refreshed the Product Hunt page - it wasn't there. Why isn't it live?!Ah. It was okay.. I'd messed up my time zones and had woken up an hour earlier than required. Midnight PST was actually 8am in the land of her majesty the queen. I made myself a cup of tea and watched series 2 of The Boys whilst I waited until 8am (great show btw). Then, it was finally live. I wrote down my thoughts in my notes app throughout launch day as Earlyname did battle on Product Hunt:
After a really slow start, things were now looking good. Earlyname was nearing the top of the front page of Product Hunt, and I now had over 100 people signed up to check if their username was available. That number seemed to be exponentially growing too. Oh, and I actually did hit level 40 on WoW. Me and my friend had been grinding for months to achieve this. We finally got mounts. Pretty cool, hey? Could it get any better? Well, I was about to be blown away. I went for a run, came back, and saw this on my Stripe dashboard: [$10 Subscription Active] What!!No?!!Yes!! Someone had actually paid for the Earlyname username reservation service. That tiny checkbox I'd left on my homepage. My first proper Tiny Projects internet money. I couldn't quite believe it. It has to be one of the sweetest $10 I've ever made. It was more than $10, it was $10/month, and it instantly validated this whole weird username idea and the past 1 month of work I'd spent building it. I was excited. We were only 10 hours into the "Product Hunt day" so far, and the Americans were just waking up across the pond. I continued in my notes:
After my lamb kebab I went to bed, it'd been great up until this point. I was very happy with now two people paying $10/month. I was excited to see what would happen overnight. I was not disappointed. The next day.I woke up, yawned, rubbed my eyes, stretched, then instantly grabbed my laptop and opened the Stripe Dashboard. What I saw was beautiful. I now had 13 paying customers commiting $10/month. Earlyname had 10X'ed overnight! I also had 400 people enter their email address and username to receive the free monthly email, and had hit 5th place on Product Hunt. As a side note, Snormal also got 70 new users from being included in the Earlyname email, which completely revived my little social network. This validated my theory that startups might pay to feature in an Earlyname email to get new users. To compare, Snormal only got 4 users with it's own dedicated Product Hunt launch! Here were my final stats from the Product Hunt launch day: (Tweet)
$130 MRR is pennies for some, but for me it was perfect. Now, although I may have sounded a bit OMG LOLZ in that tweet saying "Got so much work to do now ahhh", in reality, I was freaking out.I now had paying customers for a "Username reservation service" that didn't even exist yet. What did that even mean?! I also had an ever-growing list of 400 people waiting to receive an email telling them where their username was available on some new products next month. Did I mention that I had said on the Earlyname website that these emails were going to be sent out on the 1st of the month? And, oh yes, what day was it again? Oh that's right. September 27th. September isn't even one of those cool months with 31 days. Nope, I had literally 4 days to get everything ready by October 1st. Oh boy.The next four days were chaos. I neglected everything that wasn't to do with getting Earlyname ready for October 1st. Here is everything I needed to do:
My sleep suffered badly. One night I woke up at 3am, couldn't get back to sleep, and ended up just staying awake and figuring out how to setup virtual phone numbers for my paying customers in order to receive mobile authentication codes. What a night. At the back of my mind I also knew that these 500+ people who'd signed up would be at their most captive right now. They were warm traffic. Therefore, it was significantly more likely for them to convert from the free email to the paid username reservation service. A lot of my efforts therefore went into improving the username reservation service for my current and potentially future paying customers. For example, I made this micro-dashboard to store the usernames I'd claimed on the customer's behalf: It was a very tough four days. I felt such an obligation to myself to hit that October 1st deadline. On the night of September 30th, I had done it. I had a celebratory Deliveroo burger whilst watching my code process the list of 600 customers, checking whether their usernames were available. I truly live a wild life. October 1st.It was a new dawn, a new day, and I was feeling good. Everything was ready. All I needed to do was hit launch. I'd programmed a script, so all that I needed to do was type one command and hit enter for all 600 emails to be sent out. It felt like a "launch nuke" button. My final challenge was to again figure out how to price this thing. The username reservation service had launched with a monthly price of $10, which was such a throwaway last minute decision that I thought it deserved at least a little bit more thinking time. I dared to charge more. The right people would probably pay a lot of money to get their username ben, noah or mike as a handle. Amongst my 15 paying customers, I'd also noticed a trend: some users seemed to be associated with talent agencies. It hit me instantly. Who cares most about securing their perfect username on the internet? Why, the most ego-centric name-loving internet dwellers of them all: Influencers. I don't know why I hadn't considered it before. It was such an obvious market, who actually might find reserving their perfect username really useful. I decided I'd prefer to have a higher-priced smaller customer base targeting influencers & talent agencies, and upped my price slightly. It was time: Finally, it was over. I'd crammed a month of work into four days and come out the other side. My email had been sent out to 600 people, including my now 15 paying customers. This is quite an underwhelming end. Emails are a bit weird in that there's no immediate feedback. Users will just open them over the next few days slowly. The statistics showed a 60% open rate, which is apparently quite high though. I sat up from my chair, closed my laptop, got up, and went outside for some fresh air. It was done. Fin.Holy guacamole. We've come from a salami sandwich to an online business bringing in $150/mo. It's not mega-bucks, but it's definitely a start. The best thing is, I think I've found a niche business that is interesting to me, and that I can realistically see myself sticking with and trying to grow. My plan now is to target talent agencies and influencers, and try to get more customers under my belt that way. This feels like a level 1 business ready to start its adventure. I'm not going to pretend to say I've figured out how to make internet money, because I really haven't, $150/month is laughable to most. However, I think I've discovered my secret to coming up with ideas. Like I said at the start of this post, I went out searching for a problem, hoping to find an idea for a business to work on, but it just wasn't working for me at all. It kind of felt wrong posting questions in subreddits I had no reason to be in, or snooping around facebook groups looking "for a niche" with a problem. It feels like a completely unnatural way to come up with an idea. My most natural bolts of inspiration hit me when I'm building stuff. I'll be giving my full focus coding an arbitrary feature on a project, and then I'll start thinking how that feature could be applied to a new project. Then I build that project, and the same thing happens again. When I think about it, Earlyname was essentially a mashup of the payment system I built for One Item Store combined with the username selection box in Snormal. Working with virtual telephone numbers on Earlyname has already given me an idea for a new project, which I'm certain I'll end up building, which will probably lead me to another new idea. It's a never-ending idea farm that doesn't give up unless you stop building. So, my small nugget of advice if you're struggling to come up with an idea is to just build something, anything. It might be terrible, but it will give you 5 new ideas that you can pursue which will be better. If that fails, maybe just eat a salami sandwich. Thanks for reading. [link] [comments]  |
| Mechanical Engineer looking for side money Posted: 07 Oct 2020 01:53 PM PDT I am a mechanical engineering student whos looking to make some extra money on the side. Not like tons to drop out but enough to where I don't have to work in retail during the school year. I am very successful in terms of an engineering student. I have experience in the Manufacturing and testing sides of engineering. I have a strong passion for cars. Thought about dropshipping but I don't wanna go down that route do to the fact that it seems that whats everyone wants to do nowadays. I really like car shopping and helping people find a good fit for them. I tried starting like a cheap car hunting consulting help thing on Fiverr but I got shut down real fast. I am very motivated and will work hard if I feel something has potential. I just haven't had the right idea yet. Any ideas? [link] [comments]  |
| How to reach out big clients directly Posted: 07 Oct 2020 08:17 AM PDT Here is the situation, I've developed an App that would be part of a whole system that I think could improve the experience of parking at big parking lots. The thing is, due to the nature of the product all potential clients are big entities, like shopping malls or big parking spaces. How can I, a single person with an idea, and a minimum viable product (although I would still have to develop more things to call it that) get a hold of that kind of entities to talk business? [link] [comments]  |
| How I Designed My Business Operations Manual Posted: 07 Oct 2020 02:50 AM PDT I have an operations manual many people in my business network have been dying to have. I designed it a few years ago when I was struggling to keep my business efficient and productive. For the record, I did not do it all on my own. I had this template which has the complete steps to creating the right operations manual for your business. It guides you throughout all these important steps:
You'll never really know where to start when you're making an operations manual. Unless of course, you have a ready-made template for you to follow. I found this process list which almost did all the work for me. It has sections just waiting to be filled out, so all I had to do was remember the specifics of my operations.
My biggest challenge in creating my operations manual was the writing part. It didn't stay that difficult though since I had this guide. It's like a textual tutorial that practically spoonfeeds you with everything you need to write that manual down yourself. It proposes an entire structure and contains all the content for an optimized operations manual.
When I was going through those previous processes, I repeatedly received suggestions on checking out an internal audit procedure. I was curious so I checked it and found out it's a quality checking process. This is the template I kept seeing. It's not as intimidating as it sounds and will definitely help you proofread or double-check the efficiency of your operations manual.
Creating an operations manual AKA getting into this whole world of business processes can be pretty addictive or overwhelming. Either way, you need something to help you organize your manual/s better. This is the best process template I've seen out there for that matter. I'm currently using it to help a friend, and it's already improved their operations manual making project. [link] [comments]  |
| Posted: 07 Oct 2020 02:37 PM PDT |
| Seeking digital marketing partner Posted: 07 Oct 2020 02:18 PM PDT Hi! I have a patent pending product with a low cost of goods that I will be launching through a few channels by the new year that has mass appeal. One channel is a proprietary e-commerce site. I'm looking for a partner who is interested in investing in the project/working on it in exchange for a share of net profit. For me, the reduced capital risk in tandem with your increased motivation to succeed and execute well is a no brainer. Anyone can make a website but not everyone is skilled at diving deep into maximizing ad effectiveness and return- this is the area of experience I am most interested in. Please dm with a description of your experience and capabilities. [link] [comments]  |
| Posted: 07 Oct 2020 02:11 PM PDT |
| Posted: 07 Oct 2020 02:02 PM PDT How can an $8000 AWS credit be beneficial to my cleaning business app. Thanks in advance, [link] [comments]  |
| Logo tester site like Photofeeler.com? Posted: 07 Oct 2020 01:53 PM PDT Does anyone know of a logo testing site like photofeeler.com except for, you know, logos? [link] [comments]  |
| How do I ask for more than half of our new business? And how much of it should I ask for? Posted: 07 Oct 2020 01:49 PM PDT So, my boyfriend and I are about to start our own little lucrative side gig. I won't say what it is because it doesn't matter, but let's say it has potential to make a lot of money. It involves some really awesome new technology (made by yours truly) that might change the industry forever. My boyfriend got into a hobby in the past couple months and has been talking about ways to make money with it. His ideas involve a lot of capital, time, and effort. I recently came up with this idea that no one has ever done and takes minimal investment. When I told my boyfriend, he was like "Holy shit. That's it." After research and calculations, it still looks good, unlike most awesome ideas which are quickly squashed by a good ol' Google. Now, I have so much faith in this idea that I want to sort out the ownership ASAP. My boyfriend will be the one investing money into it. About $1000, probably less. It's my idea, I have the education, did all the research, and will do all the work. I know that I want more than 50%, but I don't know what kind of divide is fair. It's a really awkward subject to bring up, so how should I even do that? [link] [comments]  |
| Posted: 07 Oct 2020 01:31 PM PDT I might be starting up a Alibaba business. I know that I don't really need one but which one would I get for a one person alibaba business and what are the benefits to getting it? Also I want to make sure that my company name won't be used. Also, I am planning to import from China. My manufacturer says that I need a import license but online it is a mixed response but mostly that I don't need it. I am importing to PA and I am buying chairs. [link] [comments]  |
| Posted: 07 Oct 2020 12:58 PM PDT We have about 170 members all from organic growth. Many of the members are already subscribers of this sub and other relevant subs. Lots of different entrepreneurs from different skillsets and industries. We would like to have more discussions in there and have more of you lovely people come along. The best part about this discord is it's still pretty tightknit yet open enough where you don't have to feel like a stranger entering a room full of best mates. It's a very professional setting and there has not been too much personal discussion in there. We hope that you do develop some great connections in our discord community and welcome people of all levels of experience. If you choose to join, please post in #introductions so that we can all become more acquainted with you. We want our #introductions to act as a bit of a directory to find people who might suit your needs or be able to answer questions you have. [link] [comments]  |
| Posted: 07 Oct 2020 12:46 PM PDT We make and sell high end, limited edition mechanical puzzles directly to adult collectors around the world. I am struggling with pricing and could use some advice.
I have been slowly raising prices but have not yet hit any resistance. I have no idea what elasticity for our product is. I'm worried that if I raise them too high it will damage goodwill and sales will fall off a cliff. Our product is here: www.cubicdissection.com I have no idea where to go from here and I'd appreciate any insight. Thank you very much in advance! [link] [comments]  |
| Validating ideas on Reddit as an Entrepreneur Posted: 07 Oct 2020 12:07 PM PDT Hey Entrepreneurs, I am a technical entrepreneur always looking to build something valuable. I've made the mistake of spending months coding without talking to a soul. My goal is to find a solid approach that is not spammy and is value-giving, while in return helps me validate an idea. My intuition tells me Reddit is a great watering hole for many ideas but coming in at the wrong angle can be imposing. Entrepreneur to entrepreneur what's the best approach to validating ideas here? Video is my passion, I am the founder of an online video editing tool https://storycreatorapp.com. I am running the ship solo and struggling with cash flow. So what I want to do is build a weekend micro product that I can start charging for. Before I do that I aim to validate an idea I have -- which is a simple tool that automatically adds an intro and outro to a Loom video. For those who are avid on this approach what would you do? Would you find a few relevant subreddits and come at it with a blunt approach, or would you give away something for free, maybe come from a different angle and sprinkle it in? Would love to learn from those who have done this successfully before. Cheers [link] [comments]  |
| Looking for penetration tester Posted: 07 Oct 2020 03:12 AM PDT Hi guys we're launching a web app and looking for a penetration tester or a company (budget friendky) If you're the one or knows someone,feel free to connect. [link] [comments]  |
| Posted: 07 Oct 2020 11:53 AM PDT Going to get the Liability part rewritten by our lawyer so you can ignore that part. The only way anyone can access to this is via this direct link. I'm going for a very simple looking approach. We will add other repair options later this is more of a 0.4version https://www.techfourtech.com/collections/mail-in-screen-repairs- So how it would work is you 1. select what you want repaired 2. Pay for the repair 3. We email you a shipping label (we pay for it) 4. Ship it to us 5. We get it and fix it 6. We ship it back There will be email updates throughout the steps. If it's unrepairable we call/email you to explain why. Also we contact you if it needs an additional part. If it's unrepairable we give you a refund but keep $20 just to cover some of the labor. [link] [comments]  |
| Reconsidering selling on Amazon. Worth the trouble? Posted: 07 Oct 2020 11:01 AM PDT I invented a consumer product in the cycling niche, and sales have been steady since I started sales in April. I'm having trouble moving the needle to scale this thing and am reconsidering selling on Amazon to move more product and gain wider exposure, especially as the holidays are coming. What's been your experience selling there? I make a premium product priced at $38-$45. Similar products on amazon (that don't work well) are priced $12-$25. [link] [comments]  |
| The ultimate new business package of skills? Posted: 07 Oct 2020 07:09 AM PDT TLDR Hey I'm new to this thread. I'm looking to start a new business, but have been hesitant to take the plunge again for a number of reasons-
Do you need a business degree? Or beyond intermediate accounting knowledge? Can you base the success of a new brand on marketing and design alone? Any other tips or skills I should accumulate before my next ride? [link] [comments]  |
| Posted: 07 Oct 2020 10:46 AM PDT I have a small construction company and cash flow and cash management is a job in itself. I am trying to seek ideas about an emergency fund calculation. My initial thought is 2 months of all overhead expenses, 2 months of salary wages, and one month of skilled/unskilled labor cost. Any suggestions are much appreciated. [link] [comments]  |
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