Thank you Thursday! - September 16, 2021 Entrepreneur |
- Thank you Thursday! - September 16, 2021
- It's easy to share WINS. But what about FAILS? Here's one of mine.
- How I Generated $600 in Revenue and a 2,100% ROAS for my SaaS Product Using… My SaaS Product
- After almost 2 years in beta, I have now launched, and the journey has hopefully just begun!
- Dealing with people who think you can't do it
- Three business ideas inspired by the fastest-growing indie hacker products
- A Failure of Mine: Loosing clients due to lack of communication
- What percentage of profits do you pay yourself as salary from your business?
- Potential partner wants me to send a standard operating agreement. What do I do?
- Guilty for giving myself a break
- how can I make more money with a small metal shop?
- How to make money?
- Is there a collection of studies related to entrepreneurship?
- Tips for finding a contract manufacturer?
- What are some good websites or apps are good for selling online?
- Cofounders with different management styles how do you work it out?
- As a founder of a b2b business, I knew I had to learn how to excel at sales calls. After taking hundreds of calls, I developed a framework so I could pass on the learnings to the rest of the team. Now, I'm sharing with you all.
- Target your main Competitor's audience & customers directly (September Beta - paid)
- Can any business experts offer their opinions on this?
- VR business (at home parties)
- Use advertising/marketing to help me scale my education startup!
- T-shirt production
- Udemy works for some quick residual income wins.
| Thank you Thursday! - September 16, 2021 Posted: 16 Sep 2021 02:00 AM PDT 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]  | ||||||||||||||||||||
| It's easy to share WINS. But what about FAILS? Here's one of mine. Posted: 16 Sep 2021 06:22 AM PDT It's easy to share our WINS. 🎖️ But what about our FAILS? 😭 Most people who've "made it" had some pretty big failures along the way. Here's one of mine. In 2014, I had an idea for a "curated" Expedia. Feature only unique hotels, and market to vacationers, specifically. I chose the name "Vaycae" (vaycae-tion), bought a domain, designed a logo in Microsoft Paint, and joined Expedia's "Travel Agent Affiliate Program." By using their API, I could focus on marketing while their platform handled bookings -- all white-labeled under my brand. But I quickly learned that actually curating these hotels was too time-consuming. So I morphed the platform into simply an Expedia copy. Visit vaycae(.com) and book a hotel, flight, or rental car anywhere. Expedia shared a tiny percent of every sale with me. The platform looked great (screenshot below) and worked like a charm! Except that I never did make a sale. I spent ~$5K on this project. It flopped within a year. I gave up the domain in 2017. Looking back, I had NO idea what I was doing. But I learned a TON about APIs and early no-code tools -- skills I use today. Anyways, what's one of your fails? Don't be shy, or I'll have to start tagging friends whose failures I know ALL about. 😁 [link] [comments]  | ||||||||||||||||||||
| How I Generated $600 in Revenue and a 2,100% ROAS for my SaaS Product Using… My SaaS Product Posted: 16 Sep 2021 06:56 AM PDT Hey to all my fellow Redditors, I apologize in advance for the clickbait-y title but I promise, it is every bit as truthful as it is clickbait-y. So to add a bit of context, my business/products are centered around the execution of black hat social media strategies on Instagram. For the last 5 years, I've specialized in providing obscure growth/lead generation services for various types of clientele. I was content with doing so for a while but as of 5 months ago, I decided to up the ante and start my own SaaS in which I aggregate and license out the very same scripts I've been using to run many of my unorthodox strategies, including the one I'll be discussing here - the Mass DM. So I got myself an additional dev, added a ton of new features and API-based integrations with other popular services and launched my own bot by the name of InstaInfantry. After a ridiculously extensive beta testing period and various bug-fixes, having released it for commercial use just this last week, I've come to realize that I've devoted so much of my resources to the development process, I've done practically nothing in terms of setting up the proper marketing channels. In fact, as I'm writing this, my sales page has yet to even be indexed on the SERPs because I made it so late in the process. It's also not exactly a product that I could ever market by traditional means (i.e. PPC) given its disruptive nature to the advertising platforms themselves. So in an attempt to drum up my first few early adapters, I thought, why not use InstaInfantry to market InstaInfantry? So that's precisely what I did. Initial Set-UpAfter a bit of brainstorming, I settled on executing a relatively small operation to kind of gauge the degree of success I'll have promoting a product of this niche via this type of strategy. I went ahead and used a proprietary script to register about 170 accounts which we'll be using as our so-called "Infantry". The reason I call em that is because they are to be viewed as expendable pawns whose entire purpose lies in spreading the word of our product until their inevitable demise (i.e. ban). Kinda morbid, I know... The accounts I'll be using for this operation are labeled as "low-tier" accounts. Their quality is largely dependent on the methodology with which they were registered and said quality often reveals itself in their lifespans. The cost basis typically ends up being higher with these but they are the most noob-friendly way of executing black hat operations, requiring little to no experience within the field. Their retail value amounts to $0.14 per piece. Next, I simply proceeded to import the accounts' usernames and passwords en masse into the InstaInfantry software whilst configuring the task to execute various actions within various time intervals. I won't bore ya'll with the unnecessary set-up details but you can always check out the set of guidelines within the Definitive Mass DM Tutorial if you're keen to read about the full trajectory. I then added a singular low-tier 4G proxy to automate each of the accounts, the retail cost of which currently sits at $40/month. This one proxy enables me to automate a grand total of one account and then gets passed down to the next account in line as soon as its predecessor is finished executing their programmed actions (which in our case is sending 20 DMs per cycle). With limited delays enabled, assuming a DM is being sent out roughly every 10 seconds it will take just under 15 hours to finish sending out 5k DMs. If I wanted a greater degree of efficiency, I'd just add another proxy into the mix, effectively doubling the rate at which I'm able to send out DMs. But for the purpose of this small operation, a singular proxy will do just fine. Target Audience SelectionBlack hat forms of marketing do come with a set of advantages that traditional marketing channels sometimes just can't compete with due to privacy laws and regulatory restrictions. Audience selection is one of them. Having worked in this semi-grey industry for a bit of time now, I knew that by devoting the bulk of my resources towards targeting marginalized industries such as my own, I would derive the greatest degree of returns. Industries that, similarly to my product, fall short of what's considered socially acceptable enough to promote via the aforementioned traditional marketing channels (i.e. PPC). In spite of these promotional prohibitions by our beloved platforms, these industries are typically flushed with cash and are best suited to throw a bunch of money at alternative forms of customer acquisition tactics to see if anything sticks. So to put that into perspective, large revenue drivers + restrictions in their marketing capabilities = perfect clientele for my up-and-coming, black hat marketing product. Eventually, I settled on targeting a total of 5 B2B Customer Avatars which consisted of:
Marijuana Shops Scraped by followings of other weed-related shops. Pages like these typically tend to follow one another so by finding roughly 15 accounts to use as donors, we obtained far more than 1,000 pages whose sole content revolved around marijuana-related products. Targets included glass manufacturers, dispensaries, influencers, and various weed paraphernalia vendors. OnlyFans Creators Arguably the broadest niche of all five targets, I found myself with significantly more leeway in terms of targeting capabilities due to the amount of OnlyFans creators native to Instagram. For this cohort of targets, I managed to find several promotional pages that charge content creators for a shout-out on their page. I then proceeded to scrape every profile that was tagged in each of their posts. I hypothesized that the profiles scraped from those pages had a far greater likelihood of converting into clients given their prior proclivity for purchasing promotional services to increase their Instagram exposure. Gambling/Sports Betting Scraped via a mixture of hashtags and followings of other gambling-related pages. Hashtags such as #bettingadvice and #bettingtips are practically exclusively used by profiles with commercial ties to the industry. Once I scraped a sizable portion of those profiles, I populated the rest of the 1,000 profile sample using their followings. Vape Shops An industry that I've done a significant amount of work for in the past, the vape shops I've scraped for this campaign were almost all e-com shops and obtained via followings of vape-related influencers. Digital Marketing Agencies/Freelancers Similarly to our OnlyFans sample, the degree to which digital marketers are prevalent on Instagram enabled me to be more selective with my targeting. I scraped about 100 pages using the followings of several small agencies and then proceeded to scrape the 1,000 profile sample using the comment section of each of those accounts' most recent posts. Given that pages in this niche are all about boosting one another's engagement rates, virtually 96% of all the comments posted on there had come from their friendly competitors. This methodology also enables me to ensure that I'll only be sending a DM to users whom we know have been active within the last few days (given their comments on a publication posted within the last 48 hours). To decrease the amount of time and API calls it would've taken to scrape these targets, I didn't use any filters. That means there is a possibility that some of the targets in our audience aren't necessarily the accounts we want to reach but given my thoroughness in examining the sources I've used, they likely only make up a small minority of the sample. Upon completion of each scraping task, I now had a grand total of 5,087 targets, equally representative of their five respective niches. It was now time to craft a well-versed copy of my DM that my hyper-targeted audience will be receiving. Crafting the DMThe actual contents of my DM copy were relatively short in nature. In it, I've stated right away that this message was delivered by an automated script with an implicitly suggestive CTA, leading them to consider how effective it may be in generating leads for their business. As for the attachments, I could've played it a number of ways. You can include images/videos or do in-app media attachments to drive traffic over to your desired location within Instagram itself. Said attachments are either a general profile share or a specific post. If you're hoping to simply increase your follower count, a general profile share tends to work better. However, if you're trying to harness awareness for a particular product or some sort of movement you're organizing (i.e. giveaways), then sharing a publication outlining said product/movement should be more up your alley. Given that I'm promoting my bot, I decided that a post share would transpire more favorably for my KPIs. The post I'm redirecting the targets to is a 1-min ad showcasing the software in action. The caption for it can be characterized as long-form copy, describing in detail what it's capable of and why each of the five customer avatars should consider adding it into their repertoire of tools. If you're curious to see what it looks like, I used the same ad to serve as an introductory video on InstaInfantry's landing page. ExecutionThe execution occurred the course of 24 hours, with an additional subsequent launch until all accounts had either received a captcha, been asked to verify via phone/email or were serving a hard action block spanning several days. I could've likely extracted even more value out of the latter portion of our infantry but I didn't feel like waiting that long to write up this report. ResultsHaving sent out a total of 5,084 DMs, here are the results I was able to achieve with an operation of this volume. I'll also plot out the various costs and calculate the ROI in a manner I see fit. I waited a total of 72 hours after sending the final DM before writing this report to ensure the majority of the targets have had a chance to check their requests and to account for those needing some time to consider purchasing my bot. So in total, I received 17 DMs regarding InstaInfantry from semi-interested targets, including one major influencer who I later found out wasn't even in the target list. Sports Betting pages had by far the greatest conversion rate, accounting for 9 of the 17 DMs I had received or roughly 55% of the whole sample. OnlyFans Creators came in second, accounting for 4 of the DMs I had received or just about 24% of the sample. Digital marketing agencies/freelancers came in third, procuring 2 of the 17 DMs (11%) and vape/weed shops both came dead last with a grand total of 0 messages. The last DM had weirdly arrived from an influencer whom I hadn't messaged but I believe had found me by virtue of a target sharing my post with them. Over the course of these three days, I did sink quite a bit of time explaining everything to each user and answering a wide variety of questions and queries concerning its functionality. In the final hours leading up to the 72 hour mark, I followed up with some of the targets, especially ones I believed to have had the potential to be major revenue drivers. As for revenue, in total, I had five entities purchase the software. Four of them had purchased a $37 monthly license and one had purchased a lifetime license for $127. Three of five had also proceeded to purchase one low-tier proxy each, retailing at $40 per month and anywhere between 100 to 1600 low-tier infantry accounts, with one customer purchasing 30 high-quality, several-years-of-age accounts on top of that. A break-down of the revenue:
A break-down of the costs:
Net Return: $573.89 Return-on-Investment: 2,177% OverviewSo I think it's fair to say that the operation was pretty successful in the general sense of the word. I was kind of surprised that the sports betting pages virtually dominated the entirety of this campaign despite being only a fifth of the overall sample. I'll definitely be running a larger campaign focusing exclusively on this niche in the coming days. I was a bit disheartened by the fact that I received such a poor response from the digital marketing niche. I was kind of anticipating (or more accurately - hoping) that they'd jump on it considering its potential utility for their sea of clientele. The two DMs I had received from that niche were from supposed "agencies" but in both of the conversations, I had a really difficult time communicating with them due to language barriers and one of them devolved into haggling over the $37 a month subscription fee lol. I still believe that agencies will likely be my largest revenue drivers but it seems I may need to find some other medium to reach them through. I'm probably getting a bit too far ahead of myself at this point but I honestly do presume that this campaign may end up deriving over 100,000% ROI depending on how long my newfound clients stick around for. I've obviously yet to have accumulated enough data to determine what my average Customer Lifetime Value is but given that a few of them are aiming to do 1M per day, it doesn't seem to be too far of a reach. Anyways, I suppose this is as good a drop-off point as any. I hope I was at least able to provide a modicum of value throughout this one massive plug of a case study and perhaps helped y'all learn a thing or two about the little known field of black hat marketing. I'm more than happy with the progress of our launch and hopefully this report may have persuaded a few of you to give it a go. You can check out the InstaInfantry sales page here or the definitive manual which covers its functionality in depth. Open to answering any questions :) P.S. Mods if I've broken any rules, let me know and I'll remove whatever you need me to remove. [link] [comments]  | ||||||||||||||||||||
| After almost 2 years in beta, I have now launched, and the journey has hopefully just begun! Posted: 16 Sep 2021 04:51 AM PDT After running, supporting and developing my SaaS for almost 2 years in beta, I'm now ready to launch the "real" version, 1.0, no more free beta. I have been afraid to add a business model to my side project and in terms of sales, I don't need it, because I have a fulltime job. But after almost 2 years, +12K registered users, more than 2.000 monthly active users, I want the ultimate validation: for someone to pay for what I've made. I have made myself an ambitious and unrealistic goal of hitting my current salary within the next 12 months, and be able to live — what I fantasis is my life goal and dream — and to work for myself and my own desires. For the last 5 years, I have had many ideas, and tried to develop a handful, but it has always been an issue for me to start something, and actually "finish" it, or at least launch it for the public. For the projects I have finished, I have tried to sell what I've made. I have always been scared of putting a price tag on my projects. I guess my philosophy has been: "rather someone use it for free, than no one uses it". That ends today! I finally have a project that have kept my interests more or less weekly, and for the most part daily, and a project that actually have some traction from real people. When I initially thought of sharing this story, and launch a paid version of my latest project, it was in the middle of last month (August), I drafted a version of this post. I just read that draft, and one thing stood out: "But after almost 2 years, 11K registered users.." — today, a month later, that number of registered users, is now 12,3K. For perspective, here is the projects timeline: 8. November - 2019: Launched public beta To everyone else: keep at it, lets fucking do it! [link] [comments]  | ||||||||||||||||||||
| Dealing with people who think you can't do it Posted: 16 Sep 2021 10:20 AM PDT I just discovered this subreddit and first of all I want to say I'm so glad that there is such a big community that looks out for each other! Sorry in advance if this isn't the right flair for my post. Little bit of back story here. I'm 26 y.o, recently just moved back to Hong Kong from finishing university and working a few years in Toronto. I had a decent paying 9-5 job in an amazing small business with incredibly awesome and supportive bosses before I moved back. My mother being Asian obviously thought I was on the right track at the time before I decided to up and move back home. When I first moved back it was the height of the pandemic so it was definitely difficult looking for a new 9-5 job given that I hadn't been in the city for almost 10 years and have no work experience here either. so at first I started selling figurines to make some money, and as I gained some traction after a few months, I started liking being my own boss and decided that maybe I'd give it a try and do this "full-time". My mother was initially super against this and said some hurtful stuff but I knew she was only looking out for me so I was never mad at her for that. Fast forward to now almost a year and a half in business, I'm making good money, I'm not balling or anything but I can afford things I want and get nice gifts for my mother once in a while, whom although I know deep down would still like for me to have a stable 9-5, but is taking interest in my business and gives me advice on dealing with difficult situations. I'm very thankful for her acceptance in what I want to do. BUT. Some of my families definitely look down on me as some unemployed loser, and I can just tell by how when we're together for dinner they'll say stuff like "So how much did you sell today?" or "I thought you were too busy with your business to come tonight!". They don't know anything about running a business or how hard I actually work to keep it running or that my business is actually doing okay for how long I've been doing this. And honestly, I don't care to explain to them either because of the passive aggressive bullshit they say to me with every given opportunity. It is so incredibly frustrating because they think I'm a joke or something, and they mostly likely think that I'll never succeed because I haven't made like a million dollars. Like how dare I for trying anything I guess.. UGH I'm getting so worked up so I just wanna hear from some of you guys who have recently started your own business or those of you who have made it big. How do you deal with these noises?!!! Thank you so much for reading and/ or commenting, and best of luck with your ventures! [link] [comments]  | ||||||||||||||||||||
| Three business ideas inspired by the fastest-growing indie hacker products Posted: 16 Sep 2021 08:33 AM PDT Hey, Jakob from Opportunities here with three new business ideas. First, let's set the stage.
Let's dive in. Morning Brew for XThe SignalThe revenue of the Peak newsletter has grown from $0 to $10k during the past twelve months. (source) Background
Opportunity
Niche Accountability GroupsThe SignalThe revenue of dip.chat has grown from $0 to $1k during the past two months. (source) Background
Opportunity
Unlocking communication channelsThe SignalThe revenue of the WASender Plugin has grown from $0 to $4k during the past five months. (source) Background
Opportunity
I hope you enjoyed this report. If you have a minute, please respond and let me know what you think. You can find all of my reports here. [link] [comments]  | ||||||||||||||||||||
| A Failure of Mine: Loosing clients due to lack of communication Posted: 16 Sep 2021 08:54 AM PDT I just wanted to share this for people to possibly learn from. It took me two months to do a 4 hour task for a client. Call it anxiety, low self esteem, ADHD, procrastination. I dont know. In the end, I lost future work from this client because I let time get away from me and I didnt make action. I let so many things distract me. I didnt do the long night after my regular job. It hurts to think that I am highly capable of doing exactly what I need to do, but I dont for some reason. A successful business isnt defined by its ability to do the best work ever, extreme productivity or fast turn around. A successful business is defined by it ability to complete work. If you dont, others will. If you have anything to add or a similar story feel free. [link] [comments]  | ||||||||||||||||||||
| What percentage of profits do you pay yourself as salary from your business? Posted: 16 Sep 2021 08:49 AM PDT My business is currently small and invest all the profits back into it. As I grow and hire employee what would be a reasonable salary to give yourself ? [link] [comments]  | ||||||||||||||||||||
| Potential partner wants me to send a standard operating agreement. What do I do? Posted: 16 Sep 2021 09:49 AM PDT Hi everyone! I am the sole owner of an S-Corp. Recently I've had some very beginning talks with another company about forming a partnership. The managing director wants me to send over a Standard Operating Agreement and information about our services, fees, etc. We are not entering into a partnership yet, just talking about possible ways of doing so. I know this may be silly but I've never done this before. Can anyone point me in the right direction? What absolutely needs to be on there? Many thanks! [link] [comments]  | ||||||||||||||||||||
| Guilty for giving myself a break Posted: 16 Sep 2021 10:33 AM PDT I've been working non-stop for weeks. Literally, no days off. I'm exhausted and today I've slept in and decided to just....stay in bed, honestly. I feel guilty because of the hundreds of things i need to do. How do you all allow yourself to take a break w/o feeling guilty over it? [link] [comments]  | ||||||||||||||||||||
| how can I make more money with a small metal shop? Posted: 16 Sep 2021 11:59 AM PDT I have a few ideas and one product we will be making but expecting we will be squeaking by for a while. I am curious if anyone has ideas, thoughts or suggestions. some need they don't see being filled or filled well. something you would want custom-made or reguarly manufactured that you think others in my area might want as well. I'm a welder by trade but also have a basic grasp of electronics, motors, pneumatics, hydraulics and machining. based in Vancouver for reference. any thoughts or suggestions are welcome. Thanks in advance [link] [comments]  | ||||||||||||||||||||
| Posted: 16 Sep 2021 11:23 AM PDT | ||||||||||||||||||||
| Is there a collection of studies related to entrepreneurship? Posted: 16 Sep 2021 01:32 PM PDT I'm looking for research on
I found this but it's unclear how much it costs: https://www.ebsco.com/products/research-databases/entrepreneurial-studies-source [link] [comments]  | ||||||||||||||||||||
| Tips for finding a contract manufacturer? Posted: 16 Sep 2021 01:31 PM PDT I started a company to build a simple hardware product. I'm now struggling to find a contract manufacturer that deals with the specific capabilities I'm looking for. How did others here find their CMs? Does anyone have suggestions for CM sourcing agencies maybe? [link] [comments]  | ||||||||||||||||||||
| What are some good websites or apps are good for selling online? Posted: 16 Sep 2021 12:51 PM PDT I need help with recommendations for websites and apps that sell online. I also would like some pointers on what should I look for in a website before selling with them. [link] [comments]  | ||||||||||||||||||||
| Cofounders with different management styles how do you work it out? Posted: 16 Sep 2021 12:39 PM PDT Today, on the mentoring course, three management styles of founders were analyzed and bright signs for their identification are: 👹 Authoritarian style. The founder alone makes decisions and is dismissive of employees. 💁🏻♂️ Democratic style. The founder coordinates the goals with the employees. Decisions are made jointly with the team. Informal communication with the team is the norm. 👋🏼 Liberal style. The founder avoids making decisions. The team is informed about something or only if they themselves ask. I looked at myself through this prism and realized that my style is not authoritarian for sure, since I trust the tasks and solutions to the team members. Otherwise, why hire people for a team who you don't trust and don't let you do your job? I do not dismiss the team. The liberal style is more likely not to a greater extent, since I do not avoid making decisions, but I felt that I was communicating with the team in a metered manner. I think this is a point of growth - now I will pay more attention to it and become better. As a result, I defined myself more in a democratic management style. How do co-founders with different management styles work together? Are they getting along or is it hard? Or do they not work at all? What is your management style? [link] [comments]  | ||||||||||||||||||||
| Posted: 16 Sep 2021 08:04 AM PDT The first call with a potential customer is one of the most important stages in a sales funnel. Inbound prospects are usually evaluating several other tools so a great first impression is crucial. This framework was a result of an iterative process of several hundred calls. I tried to distill best practices and provide insights into what I have seen work and not work. The main thing I learned that works is preparation & training. The FrameworkVisualize the framework here. All contained in one page visual. Step 1: PreparationIt's crucial that you learn about the company and the prospect at the same time. For instance, when I'm learning about a company I try to understand:
Whereas when we're learning about the prospect I usually visit their LinkedIn profile and try to get insights from it. It's valuable that you show your prospect that you have spent some time doing your research. Note: While checking the prospect's LinkedIn, perhaps you will find connections or interests in common, or even similar background education. This can make you two easily connect during the call. Step 2: The CallThis is the time to actively listen to your prospect's pain points, ask questions to get all the information you need about the prospect and the company. 1- Start by building rapport. After setting a nice tone, make it all about them. The time you spend talking on a sales call has a significant impact on your chance to close the deal. In fact, top sales performers are known for consistently letting their prospects talk about 60% of the time! 2- Make sure your research is well informed. Try to get answers to your questions and have your prospects verbalized their pain points before you start pitching. 3- Give your pitch. Once both of you have acknowledged your prospect's pain, you will now be better informed to give your prospect an adapted pitch about how your product solves their issue. Step 3: Next stepsKeep your lead moving further along the sales funnel by making sure you have well defined next steps. For example, if you want a follow-up meeting to do a demo, make it so that you book it at the end of the call. Or if you want to involve other decision-makers, make sure you know who they are at the end of the call. When you see you only have 5 more minutes in your calendar, you should schedule the next meeting step before you finish the call and your prospect has to leave unexpectedly. ---------------- Hope you found this insightful. If you're looking for frameworks on other types of sales calls, I have also developed 2 other frameworks I can share with you: Have any questions? Happy to help! [link] [comments]  | ||||||||||||||||||||
| Target your main Competitor's audience & customers directly (September Beta - paid) Posted: 16 Sep 2021 08:01 AM PDT Hey everyone! For the past few months, my team and I have been working on an AdTech tool that enables you to target your competitor's audience & customers directly (you might have came across our posts - we're building in public!). We've came up with very creative ways to do it, and now working on releasing it to the public as a SaaS tool. We've been running Beta cohorts for the past two months with a total of 93 people/companies/agencies, gathered lots ot case studies and amazing results, feeling very grateful. Around 60% of our Beta participants have already signed up for their annual packages, which is amazing! Basically, the tool, Tuwio, is about targeting your competitor's customers directly. We're using a bunch of publicly available data and two secret sauce ingredients we've developed with the team. Works no matter what sector you're targeting, or location, or anything else. All you need to have is a competitor, or multiple competitors that have a web presence - a website & social media channels are enough. Doesn't matter what your business is about: We've worked with DTC eCom companies, dropshippers, crypto companies, university recruiting teams, cloud hosting companies.. Again, only thing you need is a competitor - or more than one! Simply put, Tuwio means lower ad costs, better targeting and higher conversions. Conversion campaigns with 10-12% are not uncommon, CAC dropping down to 1/8 of what it used to be also.. With good creatives, good product & good experience on top of this, you can build a rocketship. Only problem is, we are not sure how scalable the tool would be for the users: We haven't been experimenting with it for 2-3 years after all, just 5-6 months until now. Good thing is, unless you're spending $200-300K/mo, everything should be fine. The reason I'm telling you all about it is, we're looking for the last Beta test (September batch) members. We've completed our June, July and August batches, and this will be the last one before the public launch. You will be paying a certain amount, since there are big infrastructure and engineering costs for this, but it will be discounted since there might be bugs and other issues - you're an early adopter after all, highly appreciated! So please let me know if you're interested and we can talk. You can sign up directly here, or read Tuwio memo here for more details. If you have any questions, let me know! Thanks! [link] [comments]  | ||||||||||||||||||||
| Can any business experts offer their opinions on this? Posted: 16 Sep 2021 11:34 AM PDT My friend and I are looking at the international bike industry as we both agree that there are opportunities to pursue. The issue is that we are struggling to see how we can measure our performance in the market especially as the business is new in an already highly competitive industry, and would need every bit of bang for our buck with the money that we have. Are there any recommendations you think we could use in terms of KPI's and business models we could use measure our performance? Do you think we might hit any (literal) roadblocks in this? Appreciated guys [link] [comments]  | ||||||||||||||||||||
| Posted: 16 Sep 2021 01:49 AM PDT Considering a VR party at home business, some questions. A little bit of background. I recently gave up my 9-5 job to focus on work life balance and have been running a modestly successful e-commerce store selling a product I developed. My business is profitable but don't see if being able to expand significantly beyond its current state so looking to diversify as currently have a significant amount of free time. My eldest has been wanting a VR party for his birthday this year and we have been looking at various options. Most are priced around the £200-250 for 10 people mark which is reasonable enough but when we ask to have the party at our own venue the price goes up significantly. As a result we are considering purchasing 3 or 4 vr headsets and hosting the event ourself and then offering VR sessions/parties in people's homes. Based on the retail cost of a Quest 2 I believe we could run profitable at home/customers venue sessions for around the £50-100 mark, undercutting our competition and giving people an alternative to the VR cafes/studios. I would be looking at purchasing between 3 and 6 headsets initially and am trying to find out the following...
Many thanks in advance. [link] [comments]  | ||||||||||||||||||||
| Use advertising/marketing to help me scale my education startup! Posted: 16 Sep 2021 05:25 AM PDT I am the founder of a startup that delivers workshops and private tuitions to help students study more effectively. Typically, each student is with us for 2-3 months (once a week). We have been operational for 3 months and we have gotten really good responses. However, we average 10 new students every month. Our target is to have 60 new students every month. With a budget of $2,000 for sales/marketing/leads, how should I scale my startup? I have identified a few options and I would appreciate any advice from all of you.
My ultimate goal is to have 60 new students every month, starting from December. I'm in this for the long run and speed & scalability is our priority. My partner and I don't have skills in digital marketing but we do know how to:
Appreciate any help given :) [link] [comments]  | ||||||||||||||||||||
| Posted: 16 Sep 2021 04:27 AM PDT Hi, we want to make a clothing brand, starting with t-shirts. Right now we're looking for a factory of some kind who can produce them for us. We want them to be as high quality as possible as well. The problem we're facing is we have little knowladge in what factories to use. I have heard many stories of people getting scammed etc. So, do you know of any trustworthy factories by any chance? [link] [comments]  | ||||||||||||||||||||
| Udemy works for some quick residual income wins. Posted: 16 Sep 2021 10:11 AM PDT Just a very quick post. Wanted to let everyone out there who is interested in building up some easy residual income streams that Udemy has worked for me. I released 7 different courses that I made over 10 days or so and they continuously bring me in income each month. It's probably the easiest way to get a quick win with no spend I've found. [link] [comments]  |
| You are subscribed to email updates from Entrepreneur. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment