UPDATE: I’m Kristy Kim, CEO of TomoCredit. As a female immigrant founder, I was able to raise a seed round of $7 million. We are ready to issue 1 million cards. AMA! Entrepreneur |
- UPDATE: I’m Kristy Kim, CEO of TomoCredit. As a female immigrant founder, I was able to raise a seed round of $7 million. We are ready to issue 1 million cards. AMA!
- Businesses that are Future Proof with advancement in tech?
- App Store Optimization - What tools do you use?
- What payment processor would you recommend?
- Looking for advice on how to start my business.
- Networking: I own a discord server for creative writers. I want to partner up with likeminded people and take it off the ground and make it more efficient.
- Anybody have any side hustles that net them at least 5K profit a month?
- Tiktok advertisement?
- Sexual Health Product Line?
- I decided to focus my energy into the things that I could truly control
- Has anyone here scaled to 7 figures?
- My friend wants to start daw music production business. How can we both do it ?
- How much does the 'TooGoodTogo' App charge for the restaurant owners?
- Looking for feedback from Entrepreneur's perspective
- I know that I don't want to be stuck in the rat race, but everyone is unconvinced that not aiming for a secure job is a good plan
- App designed to help small businesses
- Increase your revenue + grow your customer base ��
- I am looking for 49 investors to join me as we create a Charity Crowdfunding APP to be deployed into the GooglePlayStore and iOS as a free download for all users.
- Predicting target-audience (in marketing) for a completly NEW Product. Amazon reviews or...
- Looking to sell high ticket products anywhere from $1000 - $2000 what do you guys recommend?
| Posted: 27 Feb 2021 08:00 AM PST Hi Reddit, I'm Kristy, the CEO of TomoCredit and I had an AMA here 7 months ago sharing my journey with TomoCredit. It was a great experience, and there were way more questions and comments than I expected-- from feedback, insights, of course critics and skeptics (No, I am not the next Elizabeth Holmes!), and we even got featured on German WallStreetBets (and no, we are also not the next WiredCard!) at r/mauerstrassenwetten. After graduating college and not being able to rent an apartment because of my lack of credit history even with a full-time job, I decided to create the credit card of tomorrow with no interest rates, no fees, or credit history required. Our underwriting system focuses on analyzing cash flows and alternative data sets to approve individuals for our card. Fast forward a few years and a Reddit AMA, we have issued thousands of cards, we have had over 300k applicants pre-approved (from 20,000 in July), secured a seed round of over $7 million, and have been featured on TechCrunch. TomoCredit officially partnered with MasterCard to help underserved people without access to credit (minority, immigrants, young consumers). We also have expanded our team and are planning to expand even more in 2021. Successes:
Difficulties/Obstacles:
To answer some FAQ questions and concerns from the last AMA: -First and foremost, we absolutely DO NOT sell data to anyone. We are also FDIC insured and follow all all the bank-grade security measures required to issue credit cards. -How do we make money? We get paid only by merchants, not by customers. We charge no APR, no fees unlike other credit card companies, so we lose revenue from fees. However, since our core user base is prime with high spending power, our business is profitable. I'm always open for discussion about fintech, startups, work-life balance, entrepreneurship, successes & failures, credit building personal finance, etc. Ask me anything! [link] [comments]  |
| Businesses that are Future Proof with advancement in tech? Posted: 27 Feb 2021 01:32 AM PST When I was younger I tried multiple online businesses, all of which failed miserably. So I went and got a job, bought an apartment and am going to purchase a second one in the following months. These are for wealth preservation and growth along with monthly cashflow to retire early in the next 5 years. (By retire early early I mean having enough assets to work for me while doing what I want in life and not slave away in a job) - [Around 600k-700k euro that grow at 3-4% annually and provide 3-4% rental yield) which is about the average wage in my country. Anyway, lately I've been thinking about building a small business on the side so as to try and replace my job and have my own thing going. I am making a short list of future proof businesses that no matter how big tech companies get and infiltrate in different sectors, some sectors will always be future proof and you don't need to think about competition so much. (except local one) Basically I've been thinking on the following: Residential Real Estate - People will always need a place to live. Offices can and will be replaced in the future most probably, as seen during this pandemic, most businesses are functioning using emails, online conferencing and group chats. Pharmacies - When people are sick, they are not going to wait for a package by internet, they just go and buy medicine at their nearest pharmacy. Waste & Junk Collection - People will always keep buying crap and create waste, so waste & junk collection has to stay with us. Restaurants - People will still want to go eating out with friends & families. Childcare Centers & Elderly Homes - Even though in the future we will be relying on Alexa and AI or whatever, I don't think they will be implemented in robots and replace carers for our children and elderly, at least for the next few decades. Car Washes - Even though we might change the energy source cars use, or automatic pilots using AI or change the streets and/or tunnels we drive on, I believe people will still want to wash their cars and keep it polished and looking good. Have you guys got any more businesses that are considered future and tech proof in your opinion? [link] [comments]  |
| App Store Optimization - What tools do you use? Posted: 27 Feb 2021 10:18 AM PST Hi guys, I've just entered the world of App Store Optimization to learn how to improve the ranking of my apps, and I'm already lost into it. I've read the theory, but without proper data (e.g. serach volumes for keywords etc) it's like shooting blindfolded. I was wondering if you have some tools to recommend me. Thanks [link] [comments]  |
| What payment processor would you recommend? Posted: 27 Feb 2021 01:39 AM PST I am about to file a complaint with the BBB for this company called STRIPE, and need to select a new service. They have been dicking me around for months now. Every time a new customer makes a payment, I get an email about how my funds are "suspended" until I submit an ID. I have submitted the ID every time they ask for it. Then they release the single payment after a week or three. Then the next customer it's the same thing. Someone paid me 5€ the other day and it didn't trigger the ID check, but then a week later somebody else paid and now both payments are locked. I'm just starting out so I can't afford the monthly subscription that larger processors charge. Them taking 3€ off a 100€ sale is ok if I only get 3 sales a month. So do you have any recommendations? Or do you have any similar horror stories of companies to definitely avoid? [link] [comments]  |
| Looking for advice on how to start my business. Posted: 27 Feb 2021 12:14 PM PST Hello all, forgive me if this isn't allowed but i saw nothing against it on the rules section. Last year i completed a college course to become an arborist, i really enjoy this occupation and it can be lucrative vocation. I've had a couple jobs out of school now, and i've been with one company since June of 2020. While i typically enjoy where i'm working, I've also gotten into investing about 4 months ago and have taken to trying to stock pile dividend paying stocks. The way it's going at this point is not the speed i'd like to stay at, currently my wage isn't where i'd like to be, and absolutely no where near where i'd like to be within the next 5 years. I would love to start my own business while i currently have low expenses, in order as said to absolutely slam money into my investment portfolio to have another source of income. Currently im making roughly $150/ year through dividends. I understand it's going to be a slow process but i'd like to be able to retire around 40 and travel with my dividend income supporting my future life style. Within the next 2 weeks i'll be acquiring business insurance though i have no jobs lined up but would like to get it before i start offering services to reflect professionalism, as well as obviously cover my ass in the event of some accident. I have nearly all required equipment in order to work for myself, im knowledgeable in the industry, and i have full confidence going into jobs under my own name. I'd like to think that i have my bases covered mostly, as said almost all required equipment. But i'm looking for advice on advertising. Currently i have some business cards i've ordered from vista print with my information and i plan on posting the on local bulletin boards to advertise, i've also posted my services on kijiji. Though anytime i go for a walk or drive in the small town i live in i see an abundance of tree that honestly need alot of work or need to be removed from a safety perspective. How would i go about contacting these families for work? Most people have close to no idea about what a tree needs - or even when it's dead (I know i deffinatly did not prior to last year.) I've asked people i know about door knocking to try and find jobs because of the amount of trees that are in need of pruning, but they've advised me against that as it seems weird or awkward, not to mention most houses have those "No Soliciting" signs on their front doors. Looking for any and all advice that may be pertinent to my question. Thanks in advance. [link] [comments]  |
| Posted: 27 Feb 2021 10:56 AM PST Hello! I'm a young literature student that started up a creative writing/literary community on discord & instagram. For the longest time I have been producing the basis of all of its content both on discord and instagram. However, it has proven to be quite difficult to balance all of the tasks while also being a full time student. I realized that I can't do it alone. I have big plans to sell small creative writing courses on it, both in a live format and on patreon for future consumption. I think it would also be possible to sell merchandise through it as well. I've hosted contests and live events through it. They were quite successful and I think it has potential to reach new heights. I'm looking for likeminded individuals to partner up with so that I can make the community's events more regular and reoccurring. I also hope that with the right partnership, the community can become a reliable and useful tool for creative writers to seek feedback on their work, learn, and improve as writers. Comment or DM please. Serious inquiries only. Thanks! [link] [comments]  |
| Anybody have any side hustles that net them at least 5K profit a month? Posted: 27 Feb 2021 10:56 AM PST When did you start it and what are your rough total costs? [link] [comments]  |
| Posted: 27 Feb 2021 06:30 AM PST Any online service provider ever used tiktok as a tool for social media advertisement? So I've got a feeling that tiktok will at some point overtake instsgram as the next most popular app/social media. I launched my branding agency just this month rumidigital.co.uk I want to run adverts for the branding services that I provide to help social media influencers monetise their followers to set up a cosmetic brand. I actually don't use tiktok as I generally find it annoying and gimmicky, but I can't deny that it's here to stay and might as well get utilised. I'm wondering for those that provide similar services to me, how did you go about setting up a tiktok advertisement strategy? Did you use paid influencers? Or have you got a framework to help develop this? [link] [comments]  |
| Posted: 27 Feb 2021 09:50 AM PST I'm interested in making a product line aimed towards a very niche group of people/needs, but have no experience in creating the sort. It would be a similar line to Vagisil in terms of the purpose and audience. But in this case, it won't be an internal use product and only external which I think would help with licensing and avoid needing medical/prescription labeling. I've done research on the types of products and audience but have no idea on 1) Acquiring licensing for such a product and 2) Finding a distributor to distribute something like a lotion or topical 3) Getting a lotion product created for distribution if I can't do it at home. I have more knowledge in the marketing and design aspect. Anyone have any guidance or direction I could look to aside from Google? Do I need a medical license to create a topical or even distribute something like fiber supplements? [link] [comments]  |
| I decided to focus my energy into the things that I could truly control Posted: 27 Feb 2021 09:16 AM PST Life can often get overwhelming. There are plenty of responsibilities and obligations that we have on a daily basis. We often even need to make important decisions that not just impact ourselves, but other too. I struggled with all of this and realized that I needed some kind of anchor. That's when I started delving a lot into Stoicism. I've learned that there are essentially 2 main pillars of Stoicism that help shape one's frame of mind and approach life in a better way
These two pillars are the cornerstone for anyone looking to get a better introduction to Stoicism. I've explained and illustrated the practical applications of the Stoic pillars here - https://www.youtube.com/watch?v=ZmDKXSGJoII Definitely try incorporating these into your life if you're looking to find fulfillment with your day and self in general. [link] [comments]  |
| Has anyone here scaled to 7 figures? Posted: 27 Feb 2021 08:29 AM PST |
| My friend wants to start daw music production business. How can we both do it ? Posted: 27 Feb 2021 03:26 AM PST My friend has music knowledge and skills, FL Studio and musical instruments. I don't have any knowledge on music but I can handle non - music process of this business. How did you start selling beats? Is there something I should know? [link] [comments]  |
| How much does the 'TooGoodTogo' App charge for the restaurant owners? Posted: 26 Feb 2021 04:39 PM PST Hello, My father is a restaurant owner and is wondering what is the "catch" of signing up to the TooGoodToGo app. How much do you have to pay to be on the app? What is their commission rate? I can't find this information anywhere on their website. I would be glad if someone could help me! Thanks [link] [comments]  |
| Looking for feedback from Entrepreneur's perspective Posted: 27 Feb 2021 07:23 AM PST TL;DR below. Dear Entrepreneur, today I'd like to take a few minutes of your time, but first I'd like to say: Kudos to you for being among the people going after their entrepreneurial dreams. I tried that too, and I failed miserably due to underestimating the vast scale of necessary willpower to push through a dozen brand new issues on a daily basis. For now - I am sticking with working for entrepreneurs, instead of being one. Today I invite you to look at what I did for your kind and give me your thoughts. Yes, this is a feedback request. Might not be well suited in this subreddit, but you are who I need, so I'm giving it a shot here as well. Anyways: https://www.rayjgreen.com - is an entrepreneur like you, and was my client. Please visit his website and tell me what feeling you get about the person as well as his new proprietary service that he's pushing - within 5-15 seconds upon landing (or however long the site keeps you there). My involvement? I was responsible for everything you think and feel (as a visitor) when you open that website. I structured and written much of the homepage copy, and all of the 'Services' page copy. I'd like to get your thoughts behind presenting my client because I am, as always, trying to learn and grow. I do not work with this client anymore, but he's made such a good impression on me as an honest, healthy-thinking and genuine human being that he is, that I am still interested in improving his online presence, even though we're off contract at the moment. With enough valuable feedback, I plan on sending key points to him to keep in mind and potentially change. TL;DR:
Disclaimer: I now realize this might look like a promotion of my services to some. Hence I've deleted the part where I mentioned my credentials and website to help you gauge me before looking at my work. On top of that, and to help mods or anyone else understand my motives here: Please do not PM me unless wanting to provide feedback in private. That said, I urge you to post in the comments sections so others can perhaps benefit from this post in some way as well, e.g. other copywriters. I will not respond to job offers in comments or PM. This is purely out of love and care for someone I worked for. Thank you, and good luck pushing forward with your dreams! [link] [comments]  |
| Posted: 27 Feb 2021 03:23 AM PST I'm 16 years old from Scotland. i am starting my journey of self improvement and have read Robert Kiyosakis 'rich dad poor dad' and am now reading his 'Cashflow quadrant' book and I love them both. anyways, I have always wanted to own a business and be financially free since I was young and now i am realizing that soon I will be able to put some knowledge to work and begin the journey to financial freedom, however my parents and ALL my friends think its a terrible idea not to go to university or look for a secure job that I will have for many years. I don't know how to convince them that my route is what is right for me because they are so stuck in the 'rat race' that they don't believe there is any other realistic way of living. what should i do? How should i convince them? any advice? a lot of the time it feels as if they have no hope or don't think i will succeed in the route of acquiring assets. however that makes me wanna prove them wrong even more [link] [comments]  |
| App designed to help small businesses Posted: 26 Feb 2021 10:00 PM PST With the collapse of a huge number of small businesses, I thought of a way to help new startups get the advertisement and business they need to survive. I've been writing up a business plan but wanted feedback on if it's a good idea or not. The app functions like Fiverr and taskrabbit, but it works as a medium for small businesses to fijd work locally. As an example, if you're in the 91406 area code and need landscaping done, the app helps you find local businesses in the area who do that, and if it can't it extends its search by 5 mile increments. When you find the business you want to hire/get a quote from, you can tap a button that allows you to select a time for them to come to you and do the work/get a quote. The objective is to steer business away from huge corporations by making the general public aware there might be a landscaper right next door for example. It automates the appointment process and the payment process so there's no paperwork for the businesses who use the app, and we (the app) provide a complete 1099 form at the end of the year through quickbooks integration. What sets this apart from other apps like it, is it works as an aid as well as an advertisement tool. It books your calendar pending business or individual approval, keeps track of your income/jobs you've done. It's like classifieds but app version, angies list but you can actually hire them from the app. It's early in development so let me know what y'all think! [link] [comments]  |
| Increase your revenue + grow your customer base �� Posted: 27 Feb 2021 07:14 AM PST Hello! I own an agency of web & graphic designers who create captivating websites to help brands increase revenue, grow their customer base, and increase their conversion rate. View: www.striotdesigns.com Let me know if you have any questions! [link] [comments]  |
| Posted: 27 Feb 2021 07:46 AM PST We will be creating an APP that we hope will facilitate, revitalize and revolutionize the way We The People unite and crowdfund for a better society. The total time for this project to be completed is 12 months . I seek 49 investors from the U.S.A. and I have thought very much about how all 49 of you don't trust me and that's fine because this will change. I have set up a Patreon account and it calls for 49 investors to join me as we embark in the creation of a Charity Crowdfunding APP that will empower society. The very first 49 people intersted in this opportunity will be invited to the Patreon that only has space for 49 investors. The safety net for my investors works VIA the Patreon because it calls for all 50 of us to go on a 20 dollar per month investment plan. It can be canceled at ANY time and that is important. At the end of every month when all 50 of us donate the 20 dollars to the Patreon the total is 1,000 dollars and this money is forwarded to the small team of developers that will be working on the creation of our APP Every week and monthly I will be updating everything that the developers hand me. Every month as the APP is being built I will show progress in actual DEMO that they allow us to inspect. The project can be done in less than 12 months thus saving all 50 of us money. All 49 investors will own 1% of the APP forever. The total possible investment is 20 dollars X 12 months however I am very confident we can finish it within 9 months. The reason Patreon works is because their monthly cancel anytime subscription tools they offer me to use for all 50 of us to unite and in a safe manner work together to build this Charity Crowdfunding APP Very important , nobody will be putting 20 dollars until we all unite and are all online LIVE that way we all know this is real. I promise to work hard and will show progress on my YouTube channel pretty much daily for all of us to enjoy. Remember that Patreon you can cancel AT WILL ASAP and this is huge because at the end of the FIRST month if I dont show progress everyone can just unsubscribe from our 20 dollar per month Patreon. I will have to go online and live, show my location, name and everything to show that I am not a fraud. Also I do have collateral example I can do giveaways every month of my most valuable stuff I own in efforts to get everyone to believe my honesty. Remember that APP take a few months to build and thus makes it easy for us to decipher if I am a liar or not because at the end of 30 days..... please believe me.... I will have DEMO of the actual APP and as noted.....every month it will have more options added from the developers. Using Patreon definitely helps protects everyone with this 20 dollar per month investment that will last 12 months or less and once the Charity Crowdfunding APP ( with my unique formula) launches free on Google Playstore and iOS............ all 49 investors will own 1% of the APP [link] [comments]  |
| Predicting target-audience (in marketing) for a completly NEW Product. Amazon reviews or... Posted: 26 Feb 2021 08:21 PM PST Say, Juan is always reading reviews on Amazon. On the review section he realizes that a product category (not a brand) has similar complaints. He then goes on and enhances that product with say, a layer of paint. He realizes that the paint layer not only resolved the amazon complaints but also, made the product much better in another way...now, it glows in the dark! My question is: for marketing (crowdfunding promotial video), what audience should Juan target? Those that complained on the Amazon reviews or the ones that he knows will love how it glows in the dark? [link] [comments]  |
| Looking to sell high ticket products anywhere from $1000 - $2000 what do you guys recommend? Posted: 26 Feb 2021 07:25 PM PST I'm looking for something I can sell that can make me 1000 - 2000 over and over again. I have skills with Facebook ads, I'm good at growing a Facebook page and getting clients. Any ideas? [link] [comments]  |
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