Wantrepreneur Wednesday! - March 03, 2021 Entrepreneur |
- Wantrepreneur Wednesday! - March 03, 2021
- [Thread] Just found out that I could claim up to $250k in R&D Tax Credits? Has anyone on here gone through the process?
- Hit $1,000,354.81 in Invoices Since Starting in December 2013 - Life Long Goal ��
- The traditional job search process is broken.
- Podcast with an Ai as one of the hosts
- Best youtube knowledge resources/courses/summed up material for entreneurship/business/MBA equivalent etc (FREE)?
- Italic is innovating on so many business models by selling subscriptions and promoting manufactures instead of products.
- Perseverance is one of the most important characteristics of successful entrepreneurs. This data from 100,000+ emails is one proof of it.
- Founders who eventually raised funds, how many rejections did you face from VC's before raising your first round?
- Feedback on a new website
- Advice For Start-up
- How did you find inspiration as an entrepreneur?
- Succeed As An Online Entrepreneur
- How do I bring on a technical cofounder with an app that is built abs ready to launch?
- I will build you a professional Realtime Automated website (Both front-end & back-end) for your business , Ecom, games or any idea (Complete platform with Admin Panel). at just $100
- Custom Drawings of Danny DeVito
- If you had a card with just $80 on it, how would you spend it to make more money?
- Let us help increase your revenue with a professional website design!
- How can I find my "why" so that I'll keep going even at times when I don't want to?
- Signs You Joined a StartUp - Please Share in the following format: You know you joined a start-up when
- I want to open a distillery.
- EA/CPA Wanted (US Only!)
- How Do I Move This Product? (USA)
- If this is allowed, is there any chance you guys can take my survey so I can see feedback for products I may sell on Etsy?
- Entrepreneur's from non-English speaking countries, what's your story?
| Wantrepreneur Wednesday! - March 03, 2021 Posted: 03 Mar 2021 02:00 AM PST 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: 03 Mar 2021 04:32 AM PST As a tech founder and entrepreneur, this is something that I'm seriously considering after reading about R&D Tax credits on neo.tax. I was wondering if anyone here has had experiences with the whole R&D claim process, how long it takes, requirements, etc. For those wondering what R&D Tax Credits are:
Any insights or recommendations would be very welcome! [link] [comments]  |
| Hit $1,000,354.81 in Invoices Since Starting in December 2013 - Life Long Goal �� Posted: 02 Mar 2021 04:43 PM PST I've been paid $988,871.59 of it with only having not been paid $11,483.22 I spent around $300,000 to make that. Not including the unreasonable amount of taxes and fees I've paid. I've done 447 invoices since December 2013 to today March 2021 I had to share anonymously somewhere. Cheers to the next million. I'm 31 years old and have supported a wife and 2 kids the last 7 years while building our business. My goal before 30 was to make $1,000,000 dollars. I did but a year late. I never thought it was possible coming from a middle class family whois parents worked 9 to 5 Keep your heads up. Kill failures early and invest all your money. We spent a lot of it on stupid things. We're only worth about $250,000 after the cost of doing business and living the last 7 years. It goes fast! Cheers. Here is to your first million soon and my second on the way. [link] [comments]  |
| The traditional job search process is broken. Posted: 03 Mar 2021 12:41 PM PST The traditional job search process is broken. Here's the biggest flaw: The job search process doesn't reward the candidate who will do the best work in a given role. It rewards the candidate who is the best at SELLING themselves to do the role. My intuition on how to solve against this is to encourage more companies to hire people as contract workers for a month before bringing them on full-time. This gives both employers and candidates the chance to test the waters. Anyone have better ideas? [link] [comments]  |
| Podcast with an Ai as one of the hosts Posted: 03 Mar 2021 01:45 PM PST So I had this idea where basically an Ai would be one of the hosts of a podcast where it and a human could discuss topics or create scenarios in order to allow it to learn. After each episode the Ai would get smarter and smarter. There's a lot to go into this but does anyone think this has potential? [link] [comments]  |
| Posted: 03 Mar 2021 12:15 PM PST Hi all, I been watching a lot of book summaries on youtube, free courses I'm finding. Want to know what free materials you all suggest. Thanks [link] [comments]  |
| Posted: 03 Mar 2021 07:56 AM PST Season finale of Rolled Up, and I'm joined by Jeremey Cai, founder of Italic. After the interview and editing it really hit my how many business models Jeremy is evolving. Instead of some evolutionary business model, he's taking the best of what works.
Listen on Apple / Spotify wherever you get your podcasts. Italic Founder Jeremy CaiWhen building enterprise software for HR departments didn't satisfy young programmer Jeremy Cai's ambition, he returned to the decades old family manufacturing business, but with a new twist to ignite his passion. Now just 25 years old, Cai is the founder and CEO of the international online retailer Italic, bringing high end luxury consumer goods straight from the manufacturer to the customer at a fraction of the cost, while still retaining high quality products and services. With a subscription-based membership style, asking $10 a month or $120 a year, Italic provides consumers with access to exclusive deals and low-cost products, that will save them countless dollars in the end. The high middle groundFor Cai and Italic, the secret to success is tapping into the consumers that the other big online retailers miss. There are numerous stores that sell direct-to-consumer goods at a cut rate from in-store brands, such as Ali Baba and Wish, but with little to no quality control or assurance, making every purchase a gamble for the consumer. Likewise, on the other side are name-brands, known for their quality and service, who carry an enormous markup by the time the product hits the shelves. That middle ground, where the consumer gets the quality they pay for without breaking the bank on brand names, is where Italic excels. Bypass the brand, build it yourselfTo a manufacturer, it doesn't really matter at the end of the day who they are selling their products to, only that there is a satisfied client and a completed sale, high or low end. They have their manufacturing costs to build an item, and a relatively low markup that they pass along to whatever company is next down the line, who pass that cost on to their clients, and so on until you reach the frontline consumer, who pays a ridiculous mark up. Remove the brand name from the product they make, be it athletic wear, kitchen accessories, or tech, and it's still the same highend, high selling goods, but now at a dramatic fraction of the cost. Mutually beneficial businessSelling high-quality products to a consumer is the easy part of online retail. The real challenge is selling services like Italic to retailers, and for Cai that means empowering those manufacturers to become merchants themselves, to make the factory itself the brand. While these companies have been around for years, few if any own the product they manufacture, building a set number of products for a contract, and shipping them out. By choosing a selection of products they could manufacture for their own inventory, they can sell directly to customers, with all profit flowing directly back to that manufacturer. Seize the means of consumptionWith no brand names to interfere with direct sales, the manufacturer themselves become the brand, and Italic capitalizes on this by selling the factories themselves to the consumer as businesses they want to buy from. With details of ISO certifications, environmental profiles, product or labour histories, consumers feel more engaged in the mercantile process on a personal level, choosing to buy from manufacturers who meet their own personal standards. Passing costs, savings and information onto the consumerThe key to that level of involvement, explains Cai, is honest transparency with savvy, well educated customers about the products. While price comparisons are old hate for any market, Italic provides not only the price a consumer would pay at another retailer, fully marked up, but also the actual factory cost to build the product, along side the asking price. This empowers consumer to make an informed choice of who to support, and gives them a more realistic idea of the entire factory economy. Italic is likewise upfront with members that the subscriber fee covers their operating costs, allowing them to interact with the manufacturer on behalf of the consumer, and vise verse, for maximum ease of transaction and assured high quality products. [link] [comments]  |
| Posted: 03 Mar 2021 06:43 AM PST Persistence is one of the most important characteristics of successful entrepreneurs. Recently, I analyzed data from 100,000+ cold email campaigns by B2B SaaS teams and found that 44% of the interested potential customers come from mastering the science of email follow-up. This means that entrepreneurs can double the number of potentially interested customers by politely (and timely) following up with cold emails. However, many entrepreneurs doing sales by themselves struggle to write follow-up emails that are not pushy but are effective enough at getting positive replies. Most of the time, bad follow-up emails lead to harsh responses and prospects marking you as spam. To avoid that, here's the recipe. 1. Always add some value Every touch-point is a good opportunity to add something new to your value proposition. Give an overview of your most relevant clients, share case studies, provide a link to your call to action, etc. 2. Be concise Keep your emails short, straight to the point, and don't overpromise. It's a good practice to use the same subject line in one email sequence in order to give context to the conversation. A paragraph that is 3-4 sentences long is usually ok. 3. Choose the right time You want your potential customers to read and reply so you should contact them when they are more likely to be looking at their inboxes. Early in the morning or late in the afternoon tend to work well. 4. Be persistent but don't overdo it There's a strong correlation between your open/reply rates and the number of times you follow-up. It's acceptable to do a maximum of 3-5 follow-ups within a 30-day window. Check the overall distribution of the percentage of interested replies per email stage and figure out what makes sense for you. 5. Add a clear call to action A call to action at the end of every email will show the prospect what to do next. Make it as easy as possible for them to reply to your email. For instance, if the next step is scheduling a call, suggest possible dates. 6. Be original, use humor Humor is always a good way to engage with your prospects. People appreciate a good laugh, and you might break through the noise and get the reply you wanted. You can use a pun, a nice joke, or a GIF that the prospect relates to and understands. In many of my campaigns, I like to use this GIF in the final follow-up email. ------- > I'll be sharing 1 sales/growth tip a day for founders on growing teams on Twitter! Stay tuned and feedback on how insightful you think they are is much appreciated! 🙌 [link] [comments]  |
| Posted: 03 Mar 2021 02:13 AM PST We've been working on B2C startup since the last year and now that we have decent traction, we are looking to raise funds to build a team and so that we can expand with resources. Surprisingly, 2 VC funds approached us by themselves but and they didn't showed interest after our first discussion. I get rejections are obvious but want to have an idea if how it went for the others. [link] [comments]  |
| Posted: 03 Mar 2021 03:09 AM PST Hey redditors, Me and my team started a SEO agency recently and looking for some feedback. The main purpose of our SEO agency blissdrive is helping clients dominate the search engine rankings. The main goal it help our clients competing with Amazon and many top brands and maximize visibility and organic traffic. We start with reviewing client business website and showing him how your website looks in eyes of Google, how he's stacking up against competition and where the low hanging fruit opportunities are. What do you believe we should improve at the website? Any feedback is appreciated. Let me know if you like a free audit. [link] [comments]  |
| Posted: 03 Mar 2021 02:57 PM PST I am planning a drink supplement startup, I have a few questions for experienced business owners/ entrepreneurs Would I need any certifications or anything special to sell the drink on a wide scale? Would it be better to buy industrial flavorings or could I use store bought flavorings? What is a summary of legal paperwork I would have to get? I don't need an explanation of it, I plan on researching more I just need an idea of what to look into And is there any general things that y'all know that could help me avoid any problems I would run into? [link] [comments]  |
| How did you find inspiration as an entrepreneur? Posted: 03 Mar 2021 08:27 AM PST I guess there is a-lot of people here with that tingling feeling they one day want to make something huge and maybe change the world for the better. I'm curious, how did you find the inspiration for your business idea? Or do you know stories from other people? Traveling? Working different jobs? Some people might even take drugs to "straighten there thoughts", right? After several failed attempts I want to find the one thing I can do for the rest of my life with true potential. [link] [comments]  |
| Succeed As An Online Entrepreneur Posted: 03 Mar 2021 01:08 AM PST I have been with Online Entrepreneur clients for over 7+ years and i have had a decent success so far. The key elements to my success was:
The above framework made a huge success for me. Keep those in mind and if you follow it success is yours. What do you guys think? Thanks!! [link] [comments]  |
| How do I bring on a technical cofounder with an app that is built abs ready to launch? Posted: 03 Mar 2021 09:48 AM PST Hey All! I am a non technical founder of an app that (after three grueling years) I paid to have a firm build. Now the app is ready to launch but I am in desperate need of a technical cofounder to run the app, help us scale as we grow, drive technical innovation, etc. However, I am still bootstrapping so I don't have the funds to lure away a talented technical partner. More over, I don't even know how to be able to tell if they are in fact qualified. I couldn't go through their code to decide if they could do what we need them to do. I can launch the app without this person, but we won't last long without them. And will struggle to get substantial funding without a balanced team. Any advice?? Edit: I am not looking for anyone to quit their day job for no salary. Rather, someone who will work part time for equity then receive a salary once we've attained the proper funding. [link] [comments]  |
| Posted: 03 Mar 2021 12:57 PM PST First, I will like to tell you about myself and the service which I am offering. No need to pay monthly charges on shopify or anywhere else. I will build you a professional Realtime Automated website for your business , games or any idea (Complete system with Admin Panel) at just $100. I am looking for opportunity since I don't have a job right now due to Lockdown. I have a bachelor's degree in computer engineering. I build websites using HTML and node js so you will get a professional and responsive website for a cheap price. I will even teach you how to maintain the website and can even build an admin Panel for you which will help you to maintain your website, offers etc without having any knowledge of coding. Website will be in ready to use condition. I will also help you to host your website free of cost. (No monthly charges will be required.) Features you will receive
THINGS YOU GET FOR FREE
Why Me? Creating an automated website or system with all the features mentioned above is costly and after creation you need to pay developer or other service provider for maintenance or hosting. I will reduce all your monthly bill by helping you to host and maintain a website of your own without paying any monthly charges to anyone THINGS I NEED FROM YOU
You can contact me and ask for any feature you want to see on your website and I will be happy enough to add it. Price: - $ 100. Additional charges for additional features may required. But you can tell your own rates to me. Text me to see my earlier works and example website. Please DM to discuss it in detail. [link] [comments]  |
| Custom Drawings of Danny DeVito Posted: 03 Mar 2021 12:51 PM PST Hey All, I created a website to sell hand drawn pics Danny DeVito in any color you want and even framed. Is this the stupidest idea ever or you think I can make some money? I didn't post the link bc I don't want to get flagged for promoting. Just curious, I am a 30 male who is bored at his day job trying to make a buck. [link] [comments]  |
| If you had a card with just $80 on it, how would you spend it to make more money? Posted: 03 Mar 2021 12:13 PM PST I posted this in r/Flipping as well to see what they would come up with. I don't have much else to do right now and was wondering what money making opportunities were out there with this little bit of money I have on a gift card. Looking for some inspiration or at least a neat discussion. Interested to see what you all would come up with as entrepreneurs. Wasn't sure what the appropriate flair would be for this. [link] [comments]  |
| Let us help increase your revenue with a professional website design! Posted: 03 Mar 2021 12:12 PM 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. Our Site: www.striotdesigns.com Our Work: www.striotdesigns.com/blog Let me know if you have any questions! [link] [comments]  |
| How can I find my "why" so that I'll keep going even at times when I don't want to? Posted: 03 Mar 2021 10:58 AM PST I do need money but it just doesn't really motivate me, I wonder how I can find my "why" in business, any tips are appreciated [link] [comments]  |
| Posted: 03 Mar 2021 10:51 AM PST Without going into too much detail. I work with start-ups in different capacities. I always get a kick out of some of the things that a start-up does vs an established company. I would love to hear some of yours. Here is one that I recently came across that triggered this. You know you joined a start-up when: your email is only your first name@name of startup.com Especially with a common name. [link] [comments]  |
| Posted: 03 Mar 2021 09:48 AM PST I have a few new drinks with a specific taste that I've made. And like my papa used to say "If you ever make something good and stop being a disappointment, then you better make money out of it". So the thing is, I know how to get a license, and I have enough capital to rent a place buy equipment and hire some Ukrainian to help me out. But how do I make my bottles appear on the shelves? How do I make a good first impression on a distributor or how do I contact one? How much bottles do I need to produce monthly? Anyway, any advice is appreciated, and I am from Lithuania btw. [link] [comments]  |
| Posted: 03 Mar 2021 09:47 AM PST I realize its tax season and its short notice but my regular accountant is missing and I need a letter for a property purchase. Are there any EAs or CPAs available to help me? [link] [comments]  |
| How Do I Move This Product? (USA) Posted: 03 Mar 2021 08:46 AM PST I bought inventory of a pet hard goods product that has performed well in the DTC space. It's an extremely well made, innovative and well designed item, with a solid sales track record online. The plan was to sell it into discount retailers. The US arm of the company who was buying the inventory in Canada didn't end up picking up the product. I am looking for options on how to best move forward with the US inventory, now that big box discount retail is out of the picture. Options I've been considering: Sell DTC:
Sell wholesale to independent pet retailers:
Sell to veterinarians:
If anyone knows how to effectively sell into independent pet retailers and vet clinics, or if you have other suggestions on how to move this inventory, I'd appreciate the input. Any and all options welcome. [link] [comments]  |
| Posted: 03 Mar 2021 08:32 AM PST |
| Entrepreneur's from non-English speaking countries, what's your story? Posted: 03 Mar 2021 08:27 AM PST Reddit as a whole, and by extension this subreddit, is quite US-centric, with UK and Australian users in addition. But, I would like to hear some entrepreneurial stories about from other countries, be it Europe, South America, Africa or Asia. What's the start-up culture in your country like? What businesses did you try to build, or did build up successfully? Do you think it's harder than elsewhere, either due to culture, laws or the market situation? Etc. I'd love to read your stories, successful or not. [link] [comments]  |
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