Thank you Thursday! - (November 05, 2020) Entrepreneur |
- Thank you Thursday! - (November 05, 2020)
- Shopify Shutdown?
- How did you escape your 9-5?
- How to stay consistent on one thing instead of trying new things and leaving them after a month or two?
- I turned a setback in relationships with my client into a win!
- 10,000+ sales calls taught me this important lesson and allowed me to get 4x higher results than the guy in 2nd place. ��
- Tips on how to be a good interviewer?
- We Built a SMS bot for Slack - Could Really Use Your Quick Help!
- What's the best print on demand business for tees to use with a max retail price of $24?
- What tech skills should I have if I am a intermediate coder trying to build my own tech product-based startup?
- Side Projects That Worked
- Thoughts on CoWorking - Whom it works for and those it does not?
- Checking for recommendations of the best project management and communication platform for a team of 50-100 people?
- I need a tool to see what people search on Google / Ebay etc
- Can I sell supplements on Shopify with Shopify Payments?
- Simple Bulk Text Tool Recommendation
- I want to start a private dining business out of my backyard. What do I need to know?
- What is a really good online video sales tool?
- Life went to sh*t need advice from other entrepreneurs
- Money as a teenager
- Finding a mentor / general advice?
- How hard is it to get a government bid?
- Contacts in China for manufacturing dolls?
- Podcast guest
- Speed of Competitors
| Thank you Thursday! - (November 05, 2020) Posted: 05 Nov 2020 05:09 AM PST Your opportunity to thank the /r/Entrepreneur community by offering free stuff, contests, discounts, electronic courses, ebooks and the best deals you know of. Please consolidate such offers here! 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: 05 Nov 2020 08:59 AM PST Hey everyone, I have a client that has built a Shopify website in the last month and launched this week. After friends and family bombarded the site with support and over $2000 in orders, the website was deleted, the hosting and domain were refunded. No warning from Shopify prior to or after the shutdown. The site was shutdown to a "risk" on their platform. They sell apparel like 85% of their users. What's the reason for this? Has anyone else experienced such an event? Based on research, many others have has the same issue in 2020 during the pandemic. Seems like there will be a class action in the future? Any insight would be appreciated, thank you! [link] [comments]  |
| Posted: 05 Nov 2020 11:33 AM PST |
| Posted: 04 Nov 2020 05:56 PM PST Hi, r/Entrepreneur! I've been struggling with this inconsistent behavior of mine for around 8 years now. I don't know why but I cannot remain consistent & loyal to only one thing. I keep searching & trying new things & then leave them after a month or two after getting no results. I would really appreciate it if you could provide me with some advice on my question above. Thanks. [link] [comments]  |
| I turned a setback in relationships with my client into a win! Posted: 05 Nov 2020 04:40 AM PST I want to share a rough situation that I managed to turn into a win, presumably thanks to a simple trick. I run a digital product design and engineering agency. The client has been disappointed with our work. In hindsight, even though I may think they were unfair and hard to work with, I don't blame them. I blamed myself for not being meticulous enough to really understand their needs before the contract and kick-off. Anyway, during the process, I kept hearing how everything is not as they imagined in the first place. At some point, I decided not to back my responses in contract arrangements but just asked - what do you want me to do? It turns out the solution is pretty simple. I said "Yes sure, let's do it the way you want!" But then they told me they just said that for my record, and they still want to terminate the contract and get a refund. Sounds harsh and hopeless, right? Here's my original response: I'm working hard to accommodate your needs. You keep asking about refunds, but that was clarified upfront. I can't find any contract breach on my side, so how am I supposed to do that? I stretch our contract arrangements to help us find the mutual language, make you happy with your deliverables and make all this time and resources not wasted. Again, I understand your situation and respect your feelings towards my team and me. I am looking forward to your decision. The next day I received the message that all is good, and let's proceed. I can't be sure what really worked here, but I suppose it's the hint I took from Chris Voss's "Never Split The Difference". Instead of "no," I used "how am I supposed to do that?" I refused to defend my standpoint. I allowed them to figure it out for me. The result? We just finished the project in an amicable atmosphere and discussing new work for the upcoming months! I believe some of you may have been in such a client-vendor deadlock before. [link] [comments]  |
| Posted: 05 Nov 2020 03:28 PM PST I've taken over 10,000+ sales calls by now, and from them I've learned that if you go into a sale WITHOUT a system, you're setting yourself up for failure. . At 22 I was able to find the 'bulletproof selling system' and that changed everything for me (and landed me a Sales Director job). . After applying the system I was able to get 4x higher results than the guy in 2nd place in a team of around 40-50 people (and the month before applying it I was average and struggling). . Today I want to share with you my bulletproof system in hopes that it can help you get similar results and help more people have awesome lives! Here we go: . Step 0.5: Preparation This is the stage BEFORE the sale even starts. Here you learn all you can about your prospect and get your toolkit ready for the sale. This stage is crucial because, "Every battle is won BEFORE it is fought" – Sun Tzu. ❎ What NOT to do: Go into the sale without doing your homework and finding out what you can about your prospect. ✅ What to do instead: Study your prospect, look at their FB/LI profile, their website, and whatever else you have access to. Also prepare your skillset – create a strategy on how you want the call to go and what goals you have for the call. . Step 1: Introduction It takes, on average, 7 seconds to form a first impression. So the introduction is a crucial time that has a huge impact on what your prospect will think of you (and how they will react to you). If you do a good job here, everything that comes after it will be a lot easier. ❎ What NOT to do: Go into a pitch, not allowing your prospect to say anything. ✅ What to do instead: Create a conversation, hook them, and establish yourself as authoritative, passionate, enthusiastic, sharp and professional. . Step 2: Gathering Information Information is the key to success in sales. You need to know how to listen if you want to be successful. And in this stage, you ask the right questions and learn the things you need to know about your prospect. ❎ What NOT to do: Jump straight into a presentation and try to sell without having information about the specific prospect. ✅ What to do instead: Figure out what information you need, prepare your specific questions beforehand, and create a fun conversation where you explore your prospect's situation and problems. . Step 3: Need Realization Many salespeople make the mistake of starting to sell a solution before their prospect has realized their need or the impact of their problem. But if they don't see their problem as serious and a priority, they won't be too excited about solving it, and so they won't be excited about you presenting the solution. ❎ What NOT to do: Jump into the presentation before you're sure the prospect has realized their need. ✅ What to do instead: Ask questions to determine if they realize just how impactful their problem is, and how important it is to solve it. . Step 4: Presentation Many experienced salespeople already know this, but when making your presentation, you NEED to focus on the benefits, not on the features of your product. But there is one extra layer that separates the 99% salespeople from the top 1% – the top salespeople don't speak about ALL the benefits. They speak only about the benefits that are relevant to the specific prospect. ❎ What NOT to do: Tell your prospect about every single feature your product/service has. ✅ What to do instead: Speak about benefits – and only those that are relevant to the specific prospect you're speaking to. . Step 5: Close There are 2 main mistakes people make when trying to close – they either close too much, or they don't close at all. Neither of those options is great. You need to balance your closing efforts so you close at the right time, close in an elegant and effective way, and make it so your prospect doesn't feel like you're trapping them into saying yes, but quite the opposite – that you're creating an opportunity for them to buy. Best case scenario, they'll feel like buying is their idea – that they're asking you to buy your product, and not that you're pushing it on them. ❎ What NOT to do: Closing too much/Not closing enough or at all. ✅ What to do instead: Find the balance. Always close, and do it elegantly. . Step 6: Objections The way you deal with objections is usually the main factor that determines whether you get average results or Champion's results. Objection-handling is the skill that can set you apart from the 99% salespeople that are either giving up too early, or trying to fight the objections (as opposed to overcoming them) and getting average results because of that. And actually, here's a statistic you'll probably love: People who can successfully overcome buyers' objections can have a close rate as high as 64%. So you can see why mastering this skill is very worthwhile. ❎ What NOT to do: Fight/Give up. ✅ What to do instead: Ask. Understand. Overcome. . This is the essence of the 'Bulletproof Selling System'. I hope it helped open your eyes to possibilities in sales that you may have been missing, and as a result – helps you increase your results and get one step closer to becoming a Champion in your industry! . If you want to learn more about this system – ask me in the comments and I'll go deeper. . 𝕻.𝕾. Let's have a discussion! Leave questions, challenges or ideas below and let's make this thread more exciting. . 𝕻.𝕻.𝕾. AND if you have any sales-related challenges that are a pain, it would be awesome if you share them in the comments. If I can solve a problem for you in my next post, that would be great. I'll be here to answer all the questions related to this topic – 'coz that's my 'thing'. Let's go! 👇 . Stay awesome, Champions! 🏆 [link] [comments]  |
| Tips on how to be a good interviewer? Posted: 05 Nov 2020 05:06 AM PST Hopefully this fits here, if not, please help me get this to where it needs to go. I understand that I am not particularly doing any entrepreneurship, however, I have hopes that entrepreneurs here have more experience in the hiring process than I do. I recently moved up in my company and will be part of the team that interviews new mechanics/technicians. We're a Fortune 500 auto manufacturing company and I specifically work in the manufacturing plant where there is heavy automation in use. I was chosen to help with interviews because of my past experience and I have worked myself up from an apprenticeship position. What are some tips to make me a better interviewer? I have watched some YouTube videos but they seemed all the same. What are some things as an interviewee (is that a word?) that left you with a negative view of the company you interviewed for? [link] [comments]  |
| We Built a SMS bot for Slack - Could Really Use Your Quick Help! Posted: 05 Nov 2020 12:54 PM PST Hi Reddit, I've seen lots of posts about folks inquiring about enabling SMS inside of Slack. Sure there are tools out there which force you to create an account and signup but nothing has been built natively for Slack. That is, you guessed it - until now! I'm the proud founder of Clerk.chat which enables two-way conversations inside Slack, all over SMS. Our ask: if your organization leverages SMS or is considering it - can you download the bot (free) and test it out? I'll give you two months free and 500 SMS entirely on the house for your time! How does Clerk work?
How are conversations managed in Slack?
What core use-cases do you see?
Cost & Reddit Discount
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| What's the best print on demand business for tees to use with a max retail price of $24? Posted: 05 Nov 2020 08:59 AM PST Hi, I'm a teen trying to start a graphic tee business and have been searching for a print on demand service for the past few days. I want to sell my own images and sayings on shirts and eventually sweatshirts. Here are the services that I've already crossed out due to lack of profit: Printiful, Printify, Apliiq, Teelauch, CustomCat, AOP+, and Underground Printing. This would all cost me to make less than 10% of my retail price. I want my tees and sweatshirts to be affordable because no one is going to buy a shirt with a picture on it for more than $20 because I wouldn't do it myself. Other than the companies that I listed, do you know any affordable print on demand services that incle bulk orders, and has t-shirts under $8. This is key to starting my business, so thank you. [link] [comments]  |
| Posted: 05 Nov 2020 07:40 AM PST I know web technologies (React, Django etc) and currently learning Android/Kotlin so that I can build my MVP . I will also try to outsource designing and hire a coder in either backend or app development to speed up the process of getting the MVP to people's hands. I just wished to know, what other tech skills should I learn before beginning to code. Like
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| Posted: 05 Nov 2020 01:00 AM PST Over the years I've created many side hustles, of varying success, that have help me build my wealth. Here are a few of the successful ones. Flipping Websites My next venture was building small websites, getting them to rank, earning money from AdSense, and then selling mainly on flippa.com. This was a moderate success, but not great. In two years I think I made around $15,000. But I only worked at it part-time, so it was nice to have the extra income. This is something that is really tough these days, as ranking websites isn't as easy as it used to be. You could buy links and get ranking in a month or two back then, but these days buying links will get you penalized and banned from AdSense. I probably built around 40 sites, and maybe only 8-10 made enough income to sell the site. Some are still around and still ranking, even today. Kindle Books After the website flipping I decided to write a book for Kindle. It was an instant success, and made $500 profit the first month it was for sale. Again, this was back in the day when everything seemed to be so much easier that it is today. After making that initial $500, I figure out that writing books was so easy that I would write ten of them and get $5,000 a month. Oh, how naïve I was. My original book sold well for a few months, but then started dropping down the rankings on Amazon. A couple of years later I was lucky if it made $10 a month. I wrote four other books, and none of them made more than $50 a month ever. One of them didn't sell a single copy. After two and a half years, with five books, I was getting $10 a month between them all. I deleted them all and gave up. I just checked my account and it shows I made around $4,000 in total. Not great, but still works out at $800 per book, so not too bad. While this seems like a small amount, all these small amounts add up over time. It's also a great learning experience. While writing this part of the book I was thinking it might have been a mistake deleting all the books instead of keeping them. But as I was setting my account up again for this book, I saw that they are still showing on my account. So now I plan to re-launch four of them and do a bit of marketing and paid advertising to see if they can make some money the second time around. So why have I written this book I hear you ask, given that the others weren't such a great success. Well, it's partly for my own benefit, as I wanted to document my story. It helps gets things clear in my head so that I can move on to the next phase of my life. Looking back and writing about it, also gives me new perspectives on why some things worked and some didn't. Travel Blog Like the ecommerce business, the travel blog wasn't something I set up with the idea of making money. It was more to document my travels, and if I made any money it would be a bonus. I ran the blog for about three years, and in that time posted around 300 articles. The blog grew in popularity until it was getting around 30,000 unique visitors a month. That's a decent amount of visitors, but way behind the top travel blogs. It didn't make any money at all for the first year and a half, but started making money soon after that. The income eventually grew to around $1,000 a month, and it was at this point that I decided to give up and sell the blog. You may have noticed a pattern here. Since giving up my day job, I seem to take on projects that only last 1-3 years, after which I get a bit bored with them. I'm not really sure if that is good or bad. Maybe I should stick at things longer, but it's also nice to take a break and start something new. I sold the blog for $25,000, so that was a nice return on top of the income it earned. It's not something I'd suggest doing just for the money though. It can be tough building an audience and making money, so would be quite demoralizing not seeing any income for a year and a half. Domain Flipping I tried this for 6 months and made around $3,000 profit. My best effort was buying a domain for $1,000 and selling it a month later for $6,000. As you can see, that is $5,000 profit, which means I lost $2,000 on all the other domains. I made some bad mistakes overall. I think it is a very tough business to be in. I have no plans to do this again. If you're interested in seeing what else I did, I've documented everything from being in debt in my late 20s to reaching one million and (semi) retiring at 50. [link] [comments]  |
| Thoughts on CoWorking - Whom it works for and those it does not? Posted: 05 Nov 2020 02:25 PM PST Curious and Confused about CoWorking What's the consensus about it? Can one leverage it correctly? Pitfalls? From what little I know about CoWorking, WeWork was a famous company that failed doing it? (If that is correct?) Dunno why they faltered or if the business model itself is flawed. Seems to Def be a trend! Perhaps some smoke and mirrors? [link] [comments]  |
| Posted: 05 Nov 2020 02:00 PM PST In the process of setting up slack and two portions make it unusable for what we are hoping to accomplish.
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| I need a tool to see what people search on Google / Ebay etc Posted: 05 Nov 2020 01:58 PM PST Hi, I'm developing a store aimed at selling collectibles. I'm confident im my understanding of the collectibles niche I'm going to work with (I had a store earlier and it was OK), but I want to make my new store fully online. Can you please tell me what is a reliable source to scout both search engines requests and searches at selling platforms I want to use (such as Etsy, Ebay, Rubylane)? Like, to see who searches what and compare some keywords with another keywords. Something more in-deph than Google Trends of course. I want to understand the demand for some specific collectibles and calculate coming ad prices. I bet there is a startup or a service for this. Thanks! [link] [comments]  |
| Can I sell supplements on Shopify with Shopify Payments? Posted: 05 Nov 2020 01:55 PM PST Howdy Hello my friends. Sorry to ask this on the entrepreneur forum But I cannot get an answer form anyone, anywhere. I even asked Shopify directly and they couldn't give me an answer. I am simply wondering if its possible to sell supplements with shopify payments? Or is it something they consider high risk? [link] [comments]  |
| Simple Bulk Text Tool Recommendation Posted: 05 Nov 2020 01:33 PM PST Hey guys/gals. I have a client that's built a pretty legit tech stack but they don't currently have a tool that does this one thing, and one thing very well. They want to be able to automate texts to leads, as part of a drip campaign or supplementary to one...can be external but basically SMS drips with a dashboard to reply via web or app... does this exist? Not looking for a Hubspot or other super tool rec, rather something ridiculously simple...like upload a list of numbers, bulk message them with some automation, and then get to respond organically via a dashboard or chat tool? Does this exist y'all? Thanks so much. [link] [comments]  |
| I want to start a private dining business out of my backyard. What do I need to know? Posted: 05 Nov 2020 07:33 AM PST So my idea is pretty simple - given the virus, some people may not feel comfortable going to crowded restaurants but still want to go out and enjoy a nice meal. I want to offer a private , high end dining experience for these kinds of individuals (or anyone wanting a private experience). I would offer meals from farm to table (I grow my own vegetables, raise my own chickens and ducks, etc.). The idea is that its all fresh, organic, etc. and you can even see where everthing you are eating came from as you sit and enjoy your meal. I am looking for advice on what I need to know if I am starting up since I feel like this might fall under the restaurant category (located in Texas FYI). I know what I would put on the menu, I know how I would market and advertise (although willing to hear tips on that as well) but what my main concern is from a legal perspective. Do I need permits, etc? Any advice at all would be appreciated [link] [comments]  |
| What is a really good online video sales tool? Posted: 05 Nov 2020 01:16 PM PST I've been trying and looking for a good sales tool and just can't find one that does the job. Something that will replace the background with say, a slide deck, and allow my pretty face to pop in when necessary. Something I can also use to say, show me drawing something off of my iPad when I'm doing hard numbers and breakdowns, etc... Right now, this all requires "patchwork" with multiple tabs, outputs, etc... So much switching around just to give a remote presentation. Anyone know something that works? [link] [comments]  |
| Life went to sh*t need advice from other entrepreneurs Posted: 05 Nov 2020 07:10 AM PST Over the last 7 years I've been a rogue marketer. Doing affiliate marketing direct to companies. I had many years where I made 20k a month after expenses doing almost nothing. I'm 34 now and my last partnership finally died. I spent the last 5 months trying to find new direct offers to make profitable and failed everytime. I'm starting to realize how stupid of a business model this is and I don't want to do it anymore. I want to start something with my own product (although I lack the skills to create one aka development). My problem is I have basically no income now, but I have enough savings to live on for two years roughly but I'd prefer not to lose all my savings. I'm 34 and feel like a complete failure. I want to at least in the next 3 years be where I want to be. But I'm so lost in how to fix my situation right now. Any advice would be massively appreciated. [link] [comments]  |
| Posted: 05 Nov 2020 12:52 PM PST Hello my name is Denis and im 18 years old.I want to make some money online,how can I do this? I think trying making beat samples is okay but i think nobody will buy them. Another option is to make "Guess the picture" on android phones. I don't know how to start earning money or what steps should I take. My qualities are next: -I know very well english (Im Romanian) -im sociable -im a good listener and I can help persons find good decisions -Im funny,i don't thing this is a quality but all i learned from school,this thing is important on earning money -I know how to use Microsoft Word and PowerPoint (I can learn Excel if is needed) -I can manipulate people to do some activities -I'm a fitness lover What are your thoughts about this topic,how can I start earning some money.As a begginer i know i cant earn 1 billion dollars,I need to start from the bottom Every opinion is constructive I hope you will answer Thanks! [link] [comments]  |
| Finding a mentor / general advice? Posted: 05 Nov 2020 12:28 PM PST Hello r/entrepreneur! 17M wantreprenuer here I've been lurking this sub for almost a year now and I've had my first buisness for a little over half a year now. We've been slowly growing but I have another idea I want to pursue. It's a relatively new product and it hasnt hit the market yet (or it will in a few years) regardless I have a spin on it that I think will sell. My issue with my first venture is that I'm currently out of work (I HAD to quit because they wouldn't accommodate my hearing disability) and so I havent had much money to invest / make it grow. It's still getting sales and surviving but without capital to play with I've had to be extremely conservative and in turn that shows with a lack of growth. When I turn 18 in a few months I have a job lined up and I can work more hours so that will definitely help with my first buisness and getting it off the ground more. But about a week+ ago I had a "breakthrough" and thought of this product. I bounced the idea off some people I trusted and they loved it. I went to alternative sources who were usually a little more straightforward / honest with me (to put it gently lol) and they didnt have an issue with it. All the feedback I've gotten about it is good. But I am very scared to be frank. I can see it getting pretty big, much bigger than what I'm used to and I'd just like a teacher to be able to guide me through it. I've networked on this sub and via a few other mediums but I just either havent found anybody or we dont click as teacher / students. Once covid dies down enough I'm going to college to finish my 2 year for free and that's where I was going to try to find a mentor and just network some more but given my new idea which I want to pursue ASAP... how do I go about finding one? Or is getting a mentor really not a thing I should even bother with? Also any advice for a young wantreprenuer would be greatly appreciated. And thank you for taking the time to read this. [link] [comments]  |
| How hard is it to get a government bid? Posted: 05 Nov 2020 12:21 PM PST I've had an idea of starting a relatively simple business, and ideally getting a government bid as my main client. How hard is it for a brand new business to land a government bid? I've heard the process is really complicated & daunting -- has anyone here attempted it before? [link] [comments]  |
| Contacts in China for manufacturing dolls? Posted: 05 Nov 2020 11:23 AM PST Does anyone have any recommendations for a Chinese company to manufacture dolls on a large scale? [link] [comments]  |
| Posted: 05 Nov 2020 11:22 AM PST Hi! If you're interested, message me. Thanks [link] [comments]  |
| Posted: 05 Nov 2020 11:07 AM PST I'm starting an ecommerce B2C store in a niche that I don't believe has been fully realized yet, but nonetheless would not be overly difficult for other people to follow suit. My focus is more on learning the ropes of creating a business so I care more about becoming profitable than viral growth and cornering the market. That being said, I still want to get customer feedback, test my product, and market aggressively. Does anyone have any experience or input on the timeline between releasing a product and competitors/imitators reacting with a similar offering? I'm assuming the biggest hurdle will just be getting the market to care about what I'm selling, but if anyone has a story about how quickly competitors sprang up for their business, I'd love to hear it. [link] [comments]  |
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