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    Thursday, January 27, 2022

    Thank you Thursday! - January 27, 2022 Entrepreneur

    Thank you Thursday! - January 27, 2022 Entrepreneur


    Thank you Thursday! - January 27, 2022

    Posted: 27 Jan 2022 02:00 AM PST

    Your opportunity to thank the /r/Entrepreneur community by offering free stuff, contests, discounts, electronic courses, ebooks and the best deals you know of.

    Please consolidate such offers here!

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

    submitted by /u/AutoModerator
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    I thought I wanted to be an Entrepreneur. I actually just want to design and build awesome stuff without someone looking over my shoulder.

    Posted: 27 Jan 2022 06:06 AM PST

    This post is just some basic discussion about what I somehow overlooked, and maybe others have too. Along the road of life, I got it in my head that I need to be a marketing expert, supply chain expert, data expert, web expert, hardware expert, etc. to create my own business where I can develop what "I" want to work on. It's ridiculous. Haha. What I really want is to fab up and prototype my heart's desires. VR stuff. Car mods. Music and film. Whatever.

    All that other 'business' stuff subtracts from my goal. It is not a necessary evil, it's just in the way. So rather than stress about social media influence, product launches, margins and costs, I have taken on a new vibe. If you build it, they will come.

    I am already so much happier. My ideas are so much more clear. And my conversations with other CEO's are very focused and on point, covering only the most critical topics. So take from that what you will. If you want to be a business owner, do it. If you are simply passionate about contributing to a particular business or industry, DO THAT. They are not the same. The world needs both.

    submitted by /u/hyteck9
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    What's the hardest thing about being an entrepreneur?

    Posted: 26 Jan 2022 06:32 PM PST

    Any and all comments welcome

    submitted by /u/mobazazi
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    5 essential copywriting tips for startup founders

    Posted: 27 Jan 2022 06:24 AM PST

    Hey gang, my name's Mantas. I'm the head copywriter for an 8-figure online fashion brand. I've recently posted the story of how I landed this job coming from a design background if you're interested.

    5 tips are obviously not enough to become good at anything, much less copywriting. But as a startup founder, you probably don't have the luxury to dedicate several years to master a craft before launching your product. And you don't have to.

    As with any skill, much of the needle-moving essentials can be learned fast—you just need to know what to focus on. In this case, I'll cover 5 actionable tips that will significantly increase the ROI of your copy with the least effort.

    1. The hook is everything. In the past, this tip would have been called "the headline is everything." While still true today, the headline isn't always the attention grabber—the hook. It can be the first line of your tweet, the title of your newsletter, or the first sentence in your YouTube ad's voiceover script. Whatever the case, the hook is what stops the prospect in her fast-paced tracks. Make it short, sweet, and to the point. Strike where the pain is and relate as much as you can. Bonus points if you can make it clever, funny, or shocking, but that's a nice-to-have, not a priority.
    2. Write how you would talk to a friend. Prospects can smell used-car-salesman vibes from a mile away. They're cheap, overused, and lazy. Think phrases like potential—unleashed, supercharge your sales funnel, and revolutionary brewing experience. No one talks like that. Neither should you. Describe your product like you would to a friend. Let the value do the talking. And if your proposition appears weak? Then you should revisit what your product has to offer in the first place.
    3. Keep it short. This applies to sentences as well as paragraphs. People's attention spans are getting shorter. Say what you need to say. Don't drift off into unnecessary side stories, sugar-coatings, and explanations. If you have a valuable offer, it can be put into 10 words or less. Try it!
    4. Give CTAs the attention they deserve. Be honest, you just slap a Read more or Buy now on a button and call it a day, right? Most do. But CTAs are often the last barrier before a prospect converting. Do you want to risk them turning away just because you got sloppy with your labels? People hate uncertainty, so help them see what's waiting for them on the other side of that click. And help them make the leap with a nudge they can't refuse: Start free trial—no credit card details, One-click sign-up, Take a 1-minute survey
    5. Write drunk, edit sober. Copywriting isn't something you do in one sitting. Pick a time of day when you're most creative—and let a rip! Bust out several ideas, no matter how ridiculous they might seem. Show no one. Save and stash them until the next day. Most of the ideas will be trash, but you'll find some gold nuggets in there. Filter those out and refine them using (at least) the tips above.

    Thanks for reading. If you found this helpful, you should follow me on Twitter, where I'm sharing more copywriting tips like these.

    If you have any questions or suggestions, I'd be happy to discuss them here!

    submitted by /u/st_mantas
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    *Business Break*: What is something you learned to cook/bake during the pandemic?

    Posted: 27 Jan 2022 06:17 AM PST

    For me, it was bagels and pasta!

    submitted by /u/nunziopresta
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    I'm developing an Artificial Intelligence that deals with depression in old people and helps them to improve their quality of life. This is a non profit project. It's in early stages.

    Posted: 26 Jan 2022 11:02 PM PST

    I've realized a few years ago that grandma and mom too needed someone to talk to, I know human contact is essential the older you get. But I can't always be there for them. Anyhow a bit inspired in that and some novels of Isaac Asimov and some Sci-Fi movies. I've decided to create some artificial intelligence that can do basic conversation with them recreating answers I would say. Few months ago.

    I'm training a "robot" how to be me.

    By far I'm having certain complexities (more than I thought) since I'm not an expert in the area but it's a very fun project. I enjoy it. I'm reading everyday more. And making him grow. And as well I hope it can help in anyway. (A couple of friends who are into mécatronique and robotics agreed in help me so I won't be by myself)

    The idea is to make like type Sophia or any human size robot but more fluid in the conversation. That would be easy to transport and be available in adult care centers. Helping people to create (or re create) a goal in their lives.

    What kind of functionalities do you think would be helpful to add? I need ideas. I want to develop this to in a way help people to deal with loneliness, cause well, everyday people is more connected and at the same time more divided.

    submitted by /u/ExoplanetsNow
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    Accidentally created a $1.6k MRR machine, how to grow?

    Posted: 26 Jan 2022 06:05 PM PST

    Some background:

    • 22, male, midwest USA
    • Started a computer repair business in early 2019, with the exception of spring 2020 pandemic has been steadily growing
    • My demographic is seniors, so I worked on a whitelabel AV in Jan 2021 that sends me reports of what virus they got & how, so I can call them and help them avoid it in the future.
    • In Jan 2021, my first month trying this, I made $23 gross, $16 net in passive income.
    • In Jan 2022, I'm projected to make $1556 ($1143 net) from Antivirus, and $127 ($108) from cloud backups for a total of $1683 gross, $1251 net
    • My "active income" is around the average for my area, also growing somewhat steadily

    Initial growth has resulted from 1) following up with past virus-removal clients & pitching and 2) pitching the software to new clients. I get more yes than no - maybe about 70-75% yes. I only charge $8-10/mo for the software - so it's comparable to Norton/McAfee with more features. The cloud backup I haven't actively pitched as much yet.

    Anyways, I realize that it's not exactly business genius that got me to this point, but rather luck. I've decided to take up on some reading to grow this more since growth is slowing. Specifically, right now I'm reading Lean Analytics. In this book they mention that to make a scalable product you want to ensure there is a 1) problem that 2) I can solve that 3) people will pay for, is 4) "sticky" and 5) "viral" and then I can 6) scale

    I feel like I already have 1-3 solved, and it's very sticky as well - customers who purchase this follow up with me regularly with all sorts of small questions & thank you's - and my churn is just over 1% per month (I'm hopeful it won't, but realistic that it will likely rise at some point). It's not crazy viral but word-of-mouth is how I get about a quarter of those sales.

    What that is leading up to is: I want to scale, and I think I'm ready. But all the books these days talk about mobile marketing, SaaS analytics, etc. but my customers don't buy from me online - and I can't sell to everyone in the USA/world.

    My potential clients are preferably in my region, within an hour or two at most. They are 50 or older, many 65 or older. They are optimists, they are casual computer users, they're prone to error, and they want help from a local, younger person who will listen to their problems and present a solution. Most of them use Facebook, Email (Yahoo, Gmail, Aol (yuck), or Frontier webmail), Candy crush, and google & download random stuff too. And to be frank, about a third of them are very lonely & like having a young guy come over to their house & talk with them while performing a computer servicing.

    In a 50mi radius, there's only a couple of businesses I can think of that do similar work to me and they prefer B2B than B2C. In a 10-mile radius of me, I make $665/mo off of 5,300 people. If I had that same ratio for the 50-mile radius (217,000 people), it'd be about $26k/mo. I know that's a high bar, but why not set it? What are some things I could do to get closer to that goal?

    submitted by /u/jlwip
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    Cold e-mail questions from a small business owner

    Posted: 27 Jan 2022 06:39 AM PST

    I have recently started freelancing and have identified about a dozen businesses that I would like to send a cold e-mail to about doing some work together. Here are some questions I haven't been able to find an answer to:

    1. Does a business e-mail address need to be "warmed up" if only 2-3 cold emails are being sent a week?
    2. Is it also bad practice to also include a link or attach files in cold e-mails? I haven't developed a portfolio of work yet, but would like to send some image files of work.
    submitted by /u/taybot
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    Need advice on my venture/s

    Posted: 27 Jan 2022 06:19 AM PST

    Hey guys, about me:

    I currently run a successful restaurant. I am looking to expand my operations overseas later this year. I've already completed all of my due diligence and I am excited for this opportunity! This. Is. My. Dream :)

    In addition to running my restaurant, I came up with an idea for an App last year. It looks quite promising and I am in the middle of finalizing my Landing Page. It is Restaurant related, which is my specialty.

    Expanding my operations overseas, which include exporting equipment, lawyer fees, etc... cost ALOT of money. I am already 10000% committed and have the liquid requirements.

    My question is this; creating an App in addition to expanding my operations will cost me an arm and a leg. It will make things a little more stressful, since an application may cost anywhere from $20K up to $100k, which I think mine will cost somewhere near the former and not the latter.

    Should I do things simultaneously or one thing at a time? My loved ones and friends think I should start the app right away. But I can use that money for the Restaurant.

    Any advice would be greatly appreciated :)

    submitted by /u/shockg911
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    Any charity/foundation you’d recommend? That helps seniors? for tax break/deduction

    Posted: 27 Jan 2022 05:28 AM PST

    Morning!

    Need recommendation. No hospitals 😉

    submitted by /u/Zigna28
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    [Question] Where to start?

    Posted: 27 Jan 2022 04:49 AM PST

    Hi All,

    Just wondering if anyone out there has any suggestions about how to start becoming an Entrepreneur? Lately, I have had a realization where due to various reasons (health), I can no longer work with machines. (I was an Electrical Engineer). I won't bore you with the details but I am now working as a Web Developer from home. I do enjoy it but I currently suffering from 'imposer syndrome'.

    Basically, I am on a 3 month probationary period and hoping to start something on the side as a 'just in case' and/or to take over my normal 9-5. I am based in the UK, currently 30 with no partner, no kids, no mortgage.

    Question are:

    where do you start?

    Are there any books you'd recommend?

    How/Where do you find out about what Tax etc. you need to fill out? (I have no idea).

    Any advice, even if I haven't asked, I would really appreciate.

    Thanks in advance.

    submitted by /u/network_novice
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    Best way to send money to customers internationally?

    Posted: 27 Jan 2022 04:32 AM PST

    Hey, So my business is based in Poland and I will need to send small amounts of money (~$5) to a lot of users from a ton of different countries. I tried using PayPal but I get huge fees (for a transaction of $5 I get a $5 fee) when I select the friends and family option. When I instead select the Goods and services option I dont see any fee but Im wondering whether the receiver wont just end up paying the $5 fee? I was wondering whether you know of any better way to send small amounts of money internationally? Thanks :)

    submitted by /u/everek123
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    How many Coaches are over there and what are your Services???

    Posted: 27 Jan 2022 04:14 AM PST

    We believe that if you help others, God will help you back.

    We have 5 years of experience in online business.

    We were providing our services on Fiverr last year. And there we charge people about $100 and tell them how to do business. And from there we made $6k a year.

    And earlier this year we started offering these services through our website and eliminated the charges for this service. And believe me, we made $11k in January.

    Now our services are to help Free coaches & consultants to launch a thriving consulting business online & get clients on autopilot.

    A lot of coaches come and we free guide them and if they have the information we get it from them too.

    We have more than three hundred people aware of these free strategy calls than anyone else And they are providing Coaching services all over the world

    We urge you to provide free services too, It will change your life.

    Regards: Ahmad azam

    Note: Anyone who wants proof can contact me. We have all these proofs.

    submitted by /u/eagleaffiliate
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    Join Our Fintech Newsletter On Tech News And Innovation In Financial Services.

    Posted: 27 Jan 2022 03:48 AM PST

    Fintech Matters is our quarterly newsletter on tech news and innovation in financial services. It's a handy digest of the #fintech content we've published and updates on our events and Meetups. You can subscribe here and receive January's update to your inbox. https://www.erlang-solutions.com/landings/fintech-newsletter-signup-page/

    submitted by /u/erlangsolutions
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    Where to find a Graphic design Freelancer to imprive my app store images

    Posted: 27 Jan 2022 03:02 AM PST

    I have this app and I noticed that I have a lot if impressions in a day but not a lot of product views. I changed the images a bit and that change made the downloads go up. However I'm not a designer so I'm looking for someone to make the images truly next level. Do you know where can I find a freelancer do this kind of job?

    submitted by /u/MohammadBashirSidani
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    What's the #1 thing you've struggled with after/while building your store?

    Posted: 27 Jan 2022 02:46 AM PST

    Hey guys... I know building a store is a major task of its own and can present many challenges in itself! So I was wondering what are some of the hurdles that you've experienced or are experiencing when it comes to your store after/during you've built it?

    submitted by /u/entrepreneur_10
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    Good ways to find potential investors

    Posted: 27 Jan 2022 02:33 AM PST

    Hello all,

    I was wondering if anyone has any great ways of finding investors/funding for a startup?

    I found one potential through BNI (Business Network International) which is a great platform for networking and getting your business out there. But since then, I haven't gotten very far.

    So, if anyone here is interested in hearing about the startup, or if you have any good ways of finding people who might have an interest in investing, please share!

    Thanks!

    Some more company info:

    I opened an import/retail business in Serbia, where I'm importing popular branded American chocolates and candies like Reese's, Hershey's, Pop Tarts etc. I grew up in the states and figured that others would want them as much as I do, and I was right. I'm going to be the first person to tackle this massive market, and the market research shows that it is going to be successful.

    I've invested around $3k so far in market research, branding/logo design and business planning. I'm now looking for at least $80k to order my first shipment and get everything going.

    My options are very limited as this part of the world is at least 5 years behind the rest of the world, and many programs like Gofundme, Techstars and other similar companies are not available here.

    submitted by /u/Virtual-Foundation50
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    Question about when to move forward with a business idea

    Posted: 27 Jan 2022 02:06 AM PST

    So I've thought for a few hours on a possible business idea. It's within esports. It's basically a tournament type of hosting service. I'm not gonna go into to much detail other than that. I came here to ask a few questions about said business idea.

    1. So I consider this a side hussle. If this works out with the right branding, advertising, and sponsorships and I make money off this do I need to legally make this a business? At what point do I need to officially register this as a business and make it legit? Is it okay to stay as a side hussle?

    2. If I start this idea with my own money and it's not like an official business but I guess I would consider a side hussle can I still claim this on taxes?

    This side hussle of mine may or may not work out. My thing is can I claim startup costs and equipment costs on my taxes if it's not really like an official business?

    Where is the line drawn and where do I start? I feel like I have a great idea but where does the line need to be drawn before I nose dive into this? Any advice is great thanks.

    submitted by /u/Acennn
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    How to test an MVP- wordpress vs. build it from scratch

    Posted: 27 Jan 2022 02:00 AM PST

    Hi all,

    I have been researching an idea and have decided to create a platform for online reviews similar to trustpilot, but for a specific niche. I have been researching ways of how to come up with an MVP and seems like I am facing 3 options:

    -Wordpress (cheapest and fastest to execute)

    -Using some PAAS and building my own code (more expensive and time consuming)

    -Starting from scratch and coding everything (most expensive but least down time and most scalable)

    I am trying to hire a developer to create a lean product with as little resources as possible and then if the MVP is proven to work to scale this up. I would appreciate your thoughts on that!

    Thank you all!

    submitted by /u/RSIdivergence
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    “Electric cars do more harm than good to our climate”, “Entrepreneurs are lazy”, “5G is deadly to humans" - Fact-checking as a service, powered by AI

    Posted: 27 Jan 2022 01:44 AM PST

    Tired of your uncle making up claims during family dinner? Fact-check claims faster using AI!

    At Factiverse we use AI, ML, and NLP to help researchers and journalists find the most reliable sources. We have just launched our demo, which gives you the option to check any claim or to copy your own text and check all the claims of it.

    The AI is built from 12 years of research at University of Stavanger in Norway. It's trained on global fact-checking articles to identify traits and signs of credibility. We scan the entire web (not just google) to find the most credible sources.
    In contrast to other fact-checkers, we do not want to tell you what's true or not - because if we want to combat the spread of fake news we need to become better at identifying it and assessing sources on our own. We do believe AI and tech can make this a faster process, and give you a faster overview of a given subject, topic or claim.

    We are at an early stage but if you want to have a look and test our demo, you can find it here:

    https://factiverse.github.io/ai-editor/

    To use it:

    1. Select a claim or type your own to get an overview of the sources disputing, supporting or conflicting it.
    2. Copy your own text and easily fact-check claims to see how balanced your story is.

    Our goal is to make it faster and easier for people to understand the information around given topics - how much is disputed? How much research is done on the subject? What are the most reliable sources on both sides of the claim?

    What do you think? Don't hesitate to get in touch if you have any input; we are working on several upgrades and features to make search results more credible and balanced.

    (Hope this is fine to post here, let me know if not and I'll delete it).

    submitted by /u/gautekokk
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    The importance of proving yourself to your co-founder.

    Posted: 26 Jan 2022 03:58 PM PST

    I see a lot of first-time founders who are incessantly looking for the perfect co-founder to help execute the next big thing.

    Here's the bottom line: Before you meet with someone and pitch them the offer to be your co-founder, you better be damn sure you've done everything in your power to move the new venture forward. In short, you have to prove yourself.

    Don't assume your potential co-founder will join you and execute all your ideas without believing you have the ability to execute your end of the workload.

    If you're in sales, get letters of intent, email addresses, or preorders from potential clients for your new venture before your meet with a potential technical co-founder. Have a business plan ready, have a pitch deck ready, do all the legwork.

    If you're the technical type: Make sure you've built something that works and you know people want, but need help selling it. You need to prove your business is viable and can be profitable.

    And it doesn't end there: You have to prove yourself to your co-founder EVERY SINGLE DAY. You have to get shit done. You have to make sure your co-founder says "wow, I'm glad I'm working with this person" every day. This goes both ways.

    If the founders are clear on this simple concept, the work environment becomes way more fun to work in. And more things get done.

    I propose a pre-written agreement that clearly states the daily expectations of each founder. And when this agreement is broken on any day, it needs to be brought up immediately before it spreads like a cancer.

    You have no idea the number of businesses that go bust because one co-founder believes the other isn't doing enough to move the business forward.

    submitted by /u/Grandmaster787
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    I’m 14 and want to get started early

    Posted: 26 Jan 2022 03:35 PM PST

    I'm still only 14 but I hate school and don't have any interest In going to collage. I have no idea about most things business but I want to learn how to get started. I would wish to show my parents I can make a reliable income in a gap year before collage.

    submitted by /u/Stepsis24
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