• Breaking News

    Monday, June 7, 2021

    NooB Monday! - June 07, 2021 Entrepreneur

    NooB Monday! - June 07, 2021 Entrepreneur


    NooB Monday! - June 07, 2021

    Posted: 07 Jun 2021 02:00 AM PDT

    If you don't have enough comment karma to create your own new posts, you can post your new questions here. You can also answer/add comments to anyone else's posts in the subreddit.

    Everyone starts somewhere and to post in /r/Entrepreneur this is the best place. Subscribers please understand these are new posters and not familiar with our sub. Newcomers welcome! Be sure to vote on things that help you. Search the sub a bit before you post. The answers may already be here.

    Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

    submitted by /u/AutoModerator
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    Solopreneurs, do your friends and family think you're mentally ill?

    Posted: 07 Jun 2021 03:25 AM PDT

    I've experienced this periodically. Having high highs and low lows, I can be pretty moody. Like everyone I guess. When working a lot, can ignore social events for weeks and not reply to messages. Sometimes I do think I'm going crazy and having dark days for sure. But isn't it normal? Was reading recently that 1/3 of entrepreneurs have anxiety or very dark thoughts. Probably this is what drives us.

    Quite hurtful when people close to me recommend therapy or getting a coach, when I open up about doubts and anxiety.

    Anyone else starts to doubt their own wellbeing after hearing concerns from others? It's hard enough business wise, then psycho things add on top!

    submitted by /u/PrettyCandidate
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    Don´t give up!

    Posted: 07 Jun 2021 12:47 PM PDT

    Everyone goes through hardships, but only the strong surpass them, don´t give up if something doesn´t go as you planned, be flexible to changes and always try to remember your objective, Maybe this week´s numbers are not what you had hoped would be or you have problems with other people, so always give your best!

    It may take years until the value of your business really goes up, so let´s remember a very used phrase: apple took twenty years to get to a dollar

    submitted by /u/Wanski
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    I own a small business, sole proprietor, no employees. How do i give myself money?

    Posted: 07 Jun 2021 01:29 PM PDT

    Hi,

    I run a small business LLC in WI, USA, a sole proprietorship where I only offer a service and sell nothing. No employees. I am still waiting on my tax accountant to get my first returns back and he's busy in that I am unable to contact him for details (if i was able to reach him I wouldn't come here since he'd prolly answer me quickly).

    My tax guy should be doing taxes through my personal taxes on a schedule C iirc.

    I have my business checking where I deposit all my earnings, and me personal accounts. I do buy business supplies through the business checking, but i don't know if I can just transfer money from business checking into personal checking for me to use for personal things. Or if I have to record this transaction.

    I've been living off other jobs or part time jobs for about since the start of the business so I haven't had to deal with this dilemma, but I'm now finally out of those jobs and wondering when I can finally touch the money that is finally built up in that account. My business is able to support itself and me, and is still growing happily.

    (he will explain to me about the quarterly taxes and how i have to do all that when I meet him next week, but I kinda of have medical stuff that should to be addressed this week and need that money to pay for it).

    submitted by /u/etoneishayeuisky
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    Starting a mens grooming/self care business -- where to start?

    Posted: 07 Jun 2021 09:41 AM PDT

    Hey all, I'm trying to find an e commerce market to niche into and would like to try the mens grooming/skin care/self care industry. I'm a bit stumped on where to even start -- I run a pressure washing business right now but the online industry is fairly new to me. Does anyone have any tips or experience in this industry? I'm going to start researching product ideas, read amazon reviews of current products and maybe start with something simple like a soap.

    submitted by /u/bjjkaril1
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    Any real work life stories on money wastage and mess created by unused, duplicate, underused software or SaaS apps in your company?

    Posted: 07 Jun 2021 12:13 PM PDT

    Can anyone share their real work life experience how hard it is to track all software or SaaS apps and its usage in your company? How hard it is to maintain a excel sheet to track them?

    There may be problems of unused, duplicate and hidden software in your company. There may be apps which your employess use for the first few months but eventually discard it, but IT will never knew it. Some apps get autorenewed even your company no longer uses it and IT is not even aware of it. Some time different department purchases different softwares for the same case, but your comlany could have get a discount as the number of seats increased.

    One of the employess may be purchasing the apps but eventually company has to pay for it even though it is expensive. Security, service level credit, revoking employess access on leaving - many problems like that....

    Any instances of SaaS wastage? A situation where company has to pay a fortune for the SaaS subscription but does not match with productivity....

    submitted by /u/my_name__something
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    How Can I Increase Views/Downloads to My App on the App Store?

    Posted: 07 Jun 2021 08:12 AM PDT

    Hello,

    I recently created an iOS app called "culur: Custom Color by Number" that generates custom color by numbers of any image that you would like. You can then print the color by number directly off from the app and color them in. Here is the link to the app for more context or you can check out our website.

    We have had a lot of great feedback from users of the app and a lot of people like the idea a lot. The issue we are running into is actually getting views and clicks on the app store. There are a lot of "Color by Number" and "Paint by Number" apps on the app store already. These apps are primarily for coloring on your phone and none of them let you create custom color by numbers. Since they already have so many reviews and such a following they are appearing well above ours when you search on the App Store. Since we are not showing up on the search results we are having a tough time getting views/downloads. We also tried to promote the app using Apple Search Ads but all of our competitors must be doing the same thing because our ads were not appearing anywhere.

    Does anyone have any ideas on how we can improve our presence on the App Store and get more views/downloads? Thanks!

    submitted by /u/WoodsStan1988
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    Building a tech-first startup [Just hit ₹10,000+ MRR]

    Posted: 07 Jun 2021 03:05 PM PDT

    Today is a milestone in my startup journey. I just hit INR10,000+ (MRR), approx (~200 USD) for my pure tech startup(b2b SaaS). It ain't much, but it's honest work. I'm building this as a soloprenuer with product-led growth strategy.

    A brief about my journey:

    I used to be a blogger when I was 16. At, 19 I developed a windows desktop software which got more than a million downloads while I was in college. I started developing more apps for Android. After I was out of college, I focused on improving revenues and hence didn't take up the developer job which I landed. I had generated $100k/y revenues twice, being a soloprenuer in 3 years staying with my parents.

    After that, I moved to the startup capital of India from a village. I met my future cofounder in a startup program. He was the CEO and I built the entire tech solo. It was a wifi Hotspot device to watch movies without internet. I wrote the embedded operating system, mobile apps, web app. We couldn't scale it due to various reasons.

    I took a break and coded few open source products, none of them took off but I was improving my web applications and people/community skills greatly. There was a personal and family tragedy afterwards which led me to stay with my father for next few months. He is thankfully back to health now.

    My previous co-founder in the earlier startup reached out to me to hire me as a CTO for a venture that he had joined. I built a content-licensing marketplace and we realized that we need to take a pivot to influencer marketplace instead. These two products were coded by me alone. Just when we were about to raise the next round of funding to keep the team (1 operations, 2 sales, 2 marketing interns) afloat because revenues weren't that great, covid-19 pandemic started and our lead investor acquired the existing product technology.

    How does all of the above matter now?

    In all these years, almost a decade long journey. I was building products in multiple verticals, platforms and tech stack. But there was one thing I was doing over and over. Consistently. It is setting up a website+blog and doing technical SEO, on-page SEO, site optimizations, speed optimizations. The same mundane task, every single time. That's when I realized "Damn, this is the solution that I want and probably many others would too."

    Problem statement

    All content marketers get a blog + premium hosting. They do SEO, site optimization, speed optimizations on their own or in-house tech team or freelancers. Easily, they would spend around $1000 every year to make sure that their blogs score 90+ in Google audits. And most of them fail to achieve that even after burning cash and time.

    Solution

    I built Superblog, a blazing fast, auto-SEO and blogging platform as an alternative to wordpress with ui/ux and RX of medium. Literally it takes less than 5 minutes to setup a blog that scores more than 95 in Google and GTMetrix audits. Content marketers can focus purely on writing the content. Even the images are auto-compressed. Most important of all, the blog handles traffic seamlessly - built on top of AWS, GCP, Rackspace. There's zero chance for hacks like wordpress. Your blog is served over a CDN + free SSL. You can checkout more features here: https://superblog.ai

    Go to market

    I knew selling a blogging platform is very tough. Very! Because entire business relies on my platform. If it was other productivity SaaS tool, it's easier because customers won't have the fear of getting locked-in. They can simply plug-in a different productivity tool and still have their business running.

    So, I started interacting with community of my potential customers but I failed to see the actual ICP. It took me some time to realize that. But it was helpful anyways because my potential customers loved the product (but they aren't my ICP). I started giving extended free trials and coupon codes to them. I just need few initial customers and logos to establish trust around the blogging platform. I started writing about it on my linkedin and I quickly got inbound interests.

    I have more than 25 customers who are using superblog now and they are doing exceeding well. I planned new strategies to scale to 500 customers in the next 12 months. I think this is a reasonable timeline. After all I was hoping to get 5 customers in the first 6 months, but I have 5x the initial target.

    Building the product

    I have an OCD. A tendency to over-engineer things. A valuable lesson I learned from my previous cofounder is that never over-engineer, build for the 80%. I took it a step further. I care only about the 90% of the users and use-cases. I shipped an MVP in less than three months on December 25th 2020.

    For instance, I didn't even add comments feature to the blog for the first three months of the launch. Because, my inbound interests couldn't care less about comments feature and in general comments dropped massively. Later, I just integrated disqus for a month. Then I realized that I need to have inhouse tech to deal with comments because disqus started showing ads. On the other hand, a power user wanted a keyboard shortcut for a specific function. I shipped that feature in 2 hours.

    Build a great product to build a great company

    One of my initial users was paying $300 usd per year for a wordpress hosting and paid $$$ to experts to optimize his wordpress blog. After all that, good wordpress blog was performing really bad. He couldn't score more than 60 in Google Page speed. He tried Superblog and the results were mind blowing, without lifting a finger his blog scores 95+. He ended creating two more Superblogs. You can right away Google search for "Bill gates tinder profile" and find his superblog on page 3 of Google (thelehsun is his site's name). This blog has very less content and is very new but still, it ranks so high for such popular search query because it scores so high on technical SEO and on page audits. And then, there was huge sales interests for to my advocacy of my existing customers to their friends. But me, being a soloprenuer, wants to grow a bit slowly with tech-first approach rather than operations. I might run this startup as soloprenuer for the next 18 months.

    Do let me know your opinions and any suggestions/criticisms you might have.

    Thank you so much for your time :)

    submitted by /u/_skris
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    How to get good at giving quotes?

    Posted: 07 Jun 2021 02:57 PM PDT

    Right now I my general strategy is to figure out what it will cost me and then add in my time, but I'm honestly unsure if I'm billing my time accurately or not. I don't want to charge too much but I don't want to undercharge either. Should I just up my hourly rate until I start losing bids?

    submitted by /u/Mainaccnt22
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    SaaS entrepreneurs, what's your sweet spot for paid custom development?

    Posted: 07 Jun 2021 02:53 PM PDT

    I run a SaaS enterprise product and there's tension brewing between Sales and Dev. Although we offer a customizable SaaS product, we have a constant stream of custom requests that come in. Our Sales owner (and me!) is a people-pleaser and give tons of custom work away for free, especially when a client is upset or on stuck in an emergency.

    It's gotten gratuitous and our Dev owner is starting to get pissed at not having their work valued.

    SaaS folks - do you have a custom request process? How dogged are you about collecting on that work? Any tips?

    submitted by /u/TheArchitect_7
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    What could i do business wise with a degree in dentistry?

    Posted: 07 Jun 2021 03:44 AM PDT

    I'm on my 3rd year (out of 6) and i passed all of my toughest exams, from here on out things will be easy compared to what i went through.

    I know it's too early to say anything, but I'm not interested in anything related to dentistry itself and I'm leaning more towards business side of things (equipment, materials etc).

    What I'm wondering is, what's the potential behind dental equipment, materials or in general medicinal equipment and maybe even pharmaceutical stuff too? I'm assuming there are a shit ton of licenses that you have to have in order to deal with that stuff. Also, what could the potential of such stuff be?

    Do you have any advices about what i should or can do until i graduate and actually start a business? I'm just looking for general advice and discussion, thanks!

    submitted by /u/mvdaytona
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    Validate This Idea Please!

    Posted: 07 Jun 2021 06:19 AM PDT

    Hey everyone,

    I am considering making a website/app where you can read news. But instead of the traditional long articles, this is just a tldr of the news. So like a little snackbar of news. It will also tailor news to you. So you will only get what you need/like to read. It is basically going to save time for you when it comes to news, and also brings all information to you. (maybe I could make a mailing list instead of a website). It will be like mini-medium meets instagram.

    Please be as critical as u can, because i don't want to end up with a product only I love.

    submitted by /u/_FlashCash_
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    11 engaging Newsletter ideas for your business when you’re not sure what to send next

    Posted: 07 Jun 2021 04:14 AM PDT

    A perfect schedule is important for every email marketing strategy. But It can be hard to always come up with new content for your Scheduled emails. So here I have written a short and sweet list of ideas you can use for your small business newsletter when you are not sure what to send next.

    #1 Highlight Top Selling Products

    It is a great way to show your customers what other customers are buying. And you can also use this chance to encourage them to buy those as well.

    #2 Sneak Preview

    Give them a little sneak peek of your new products or future coming products. It will encourage your subscribers to keep an eye on your emails so they can be the first to know about your products.

    #3 Feedback

    Staying in touch with your email subscribers is the best way to learn more about them. People love to feel like they are part of something bigger so ask for some pieces of advice from your subscribers like what you can further improve on your website etc.

    #4 Share your social media feeds

    Show your social media's best Feeds and comments in your newsletter. It will encourage your Subscribes to follow your Social media profiles.

    #5 Thank you Newsletter

    Never miss an opportunity to let customers know how much you appreciate them. Send a sincere Thank you mail, It is the best way to make your customers happy.

    #6 Back in stock

    Inform your customers about your newly Back-In Stock Products. It will help you recover some of your lost revenue.

    #7 Share Blog Posts

    Inform your subscribers about your newly Released Blog Post, It will help your subscribers find new info about your brand, and help you get more traffic for your blog.

    #8 Testimonials

    Testimonials act as social proof for your business. When a subscriber reads about a success story from one of your happy customers, it will encourage them to become a customer too.

    #9 Show Off User-Generated Content

    Another effective form of social proof is user-generated content. User-generated content is any content, like images or videos, that's created by users and shared on online platforms like social media.

    #10 Behind-The-Scenes Tour

    Make your newsletter subscribers feel like VIPs by giving them a glimpse behind the scenes of your company or business, Like a look inside your business or team members, etc.

    #11 Frequently Asked Questions

    You can also use your newsletter to answer frequently asked questions (FAQs). This is an easy way to help your subscribers learn more about your business.

    Ask your customer support team or your sales team which questions they receive the most. That way, you can make sure the FAQs in your newsletter are relevant to your readers.

    Final words

    Email marketing is important for every business. So make sure you have a powerful Email marketing Strategy along with powerful Content. And If things get a little hard for your email content, Take some help from these Email content creation tools. It helps me a lot with my newsletter hope it will be helpful for you too.

    Thanks. have a good day :)

    EDIT: Use these ideas only when you don't get any new ideas for your newsletter. means use them once in a while, and not always.

    Don't spam your subscribers' mail by only sending sales or discount mails. send quality newsletters like helpful how-to, tips, etc.

    use these ideas only once in a while and only when you don't have that much time and stuck with the content.

    submitted by /u/Sahitya6
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    Got a few bucks and looking forward to start a buisness, anyone with any ideas?

    Posted: 07 Jun 2021 12:54 PM PDT

    Hello, im 15 with around 40 dollars in my pocket. I'm really tired of seeing all those tik tokkers promoting theire buisness while im sitting there doing nothing with my life. Last months my life went on a better tracks and things are going very well now and im looking forward to changing my life and tryig something new. I see all those ideas of how to start you're own buisness but is any of that reliable? Id like to know you're opinions on what actually works and what not.

    I'd really appriciate answers from someone running a buisness that have gotten sales to over 1k in a day or such but all help is apppriciated.

    submitted by /u/Haikiro221
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    E-commerce stores, how did you outsource marketing?

    Posted: 07 Jun 2021 12:37 PM PDT

    I don't know where to start exactly. I'm looking for an option that can start with a modest budget and can grow with the success of the business. Outside of paying for ads themselves (i.e. Google, Facebook, etc.), how much should I plan to spend on content creation and community interaction services? What's the bare minimum I should make sure to incorporate in this arrangement? What's the excess I can do without to start? I'm sure this varies, but I'd like to hear different experiences. If you're using a monthly subscription service -- any recommendations?

    View Poll

    submitted by /u/boohooin
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    New Content Creator Link in Bio Product Testing

    Posted: 07 Jun 2021 11:54 AM PDT

    Hi Entrepreneurs and Dream Chasers!

    I've created a Linktree alternative, VoilàBio, to supercharge content creators' link in bio. I am looking for participants to test my product and share some feedback. . To join the test, please create an account with us: https://t.voila.love/login. Some of the features will become paid services in the future, and you will get free access to all features forever by joining this test.

    I am looking to understand:

    1. Did you experience any issues in using VoilàBio?
    2. Did you receive any benefit from using VoilàBio?
    3. How would you feel if you could no longer use VoilàBio?
    4. What would you likely use as an alternative if VoilàBio was no longer available?
    5. How can we improve VoilàBio to meet your needs better?

    If you want to learn more about my company, please check it out here: https://www.voila.love/. Thank you all. Your insights will pilot how my product looks and functions!

    submitted by /u/chic_it_all
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    Would any of you creative people have some advice for making money fast?

    Posted: 07 Jun 2021 11:38 AM PDT

    Please, before you dismiss this....I do not mean a get rich quick scheme.

    I had to leave my fulltime job due to mental health and stress. It was highly irresponsible, but I am so unwell, it was the least worst option. I'm starting another job soon, but it's part time, and not sure how many hours I will get right away.

    I don't know how I'm going to pay my bills and rent for this month. I'll be okay eventually as I am moving home rent-free after. But I am desperately trying to think of ideas for some extra money. I will take whatever I can get. I have basic skills- office/administrative, microsoft office and similar programs, writing and communication skills, etc. I could possibly do some physical work, but I'm a small female.

    Thank you so much. I am kind of broken right now and am just hoping to get by.

    submitted by /u/lilprincessofmars
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    Where/Who in a large company do I reach out to pitch my product?

    Posted: 07 Jun 2021 11:10 AM PDT

    I'm currently trying to find potential buyers for a product I created, and I want to get into b2b retail with corporations like automobile dealerships (Toyota, Mercedes etc), retail chains (Gucci, Nordstrom etc), and also large educational institutions like colleges.

    It isn't a product that's meant to be stocked on shelves, but rather used by employees of those companies, so I'm not sure which position or person to reach out to in this situation, since a lot of them don't exactly have a very obvious business inquiries process.

    thanks so much!

    submitted by /u/RJW1018
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    You could ask a Tax Consultant for a comparative law analysis on international crypto taxes, but it would be really expensive. This database allows you to do the groundwork and save hundreds of dollars

    Posted: 07 Jun 2021 11:06 AM PDT

    CoinTaxList is a reliable database on the existing crypto tax overview and tax authorities guidance of 30 countries.

    All the data is based on trustworthy and official sources and put it in a handy table to help your research.

    It's an easy-to-use table of tax overview & tax authorities guidance of 30+ countries that will save you money on Tax Consultants' fees and hard to read comparative international law analysis on crypto taxes.

    submitted by /u/maferase
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    Your biggest pet peeve of appointment scheduling apps?

    Posted: 07 Jun 2021 10:58 AM PDT

    What would you folks say is your biggest pet peeve of appointment scheduling apps? I think most are pretty good, but I'm wondering if there's something you wish they did better.

    submitted by /u/SoftVision
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    Help with trade mark checking (EXCEL list)

    Posted: 07 Jun 2021 10:52 AM PDT

    Hi

    I DO have an excel list (about 80k lines) and i want to check if any of those line contain trade mark copyright words?? do you have any idea guys? how can do it

    Thanks

    submitted by /u/multinaire
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    Do you suggest a business coach?

    Posted: 07 Jun 2021 10:16 AM PDT

    • If you're a business coach, please DON'T pitch your services *

    Have you hired a business coach?

    • Was it worth it?
    • How much did (do) they charge you?
    • What exactly did they do for you?

    I'm at a weird point in my business where I think a coach could be helpful, but I'm not even really sure what I'm looking for in a business coach.

    Thanks!

    submitted by /u/CombinationIcy6282
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    Is This Already a Thing?

    Posted: 07 Jun 2021 09:43 AM PDT

    Step 1: Find a single product to dropship

    Step 2: Create a droppshipping website

    Step 3: Pay any number of youtube influencers to shoutout your website and to use ____ code at checkout for 20% off (link in description)

    Step 4: Collect profits and repeat

    submitted by /u/axeluzii
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    One Assistant for Multiple Businesses

    Posted: 07 Jun 2021 08:31 AM PDT

    I'm in the midst of acquiring a local photography business, along with their 1 employee, the office assistant. While they normally had her working in the office, I will be switching her into a Virtual Assistant and letting her work from home.

    That said, I also own another small business that could utilize her services as well.

    Would she have to be employed by both businesses? Or could she technically be converted into an independent Virtual Assistant (aka: Independent Contractor)?

    submitted by /u/Grunjee
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    If a company adopts a franchise scheme, can it still be focused on innovation, and be able to expand its product line and services without the full consent of its franchisees?

    Posted: 07 Jun 2021 07:45 AM PDT

    As above...

    Does a franchise scheme enable a company to maintain full control over its R&D product development and operations strategy, or does the franchise scheme hinder it from implementing new policies and procedures?

    What are the pros and cons of franchising when it comes to a company's ability to innovate and take risks?

    submitted by /u/prankster999
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