The Entrepreneur / Business Owner's / Self Employed Lounge

LoveBug

Kingfisher
I feel I’m late to the game but in two-three years I want to be making 50k a year internet marketing and know a lot about the field.

I’ll be putting in time, and if I don’t get dissuaded or find an interest in something else more lucrative I’ll post my personal intermittent progress every several months on the thread as a bit of a diary to hold myself accountable
 

barrythecyborg

Kingfisher
Anyone who wants to test a new sales page/email sequence, I'll make some exclusive deals for RVF members)...

Sales page; I'll write it for free, test it, if you want to keep running it I'll offer 50% (regular fee $2500)

Emails; I'll write a sample email free for you to test, then offer the same 50% deal on the remaining 9 of a 10 part sequence (regular fee $2500)

Here's a sample SP I'm working on...


Further samples on request.

This week only.

(Admin... this is an offer of value to RVF members)
 

tomzestatlu

Kingfisher
Dude
We were all on lockdown for more than that. I work from home most of the time.

But I'll bite:
1. Online marketing
2. Sales funnel creation
3. How to "fast read"
I am not in lock down in my country and I go to work daily, beside those 3 days. Marketing is interesting, but maybe over-saturated area from my point of view. I was thinking about getting into data science.

I hear about fast reading for first time and it might be useful, but I am trying to read books in English, which is not my native language and I need to focus more on what I read.
 

TheMaleBrain

Kingfisher
Gold Member
I am not in lock down in my country and I go to work daily, beside those 3 days. Marketing is interesting, but maybe over-saturated area from my point of view. I was thinking about getting into data science.

I hear about fast reading for first time and it might be useful, but I am trying to read books in English, which is not my native language and I need to focus more on what I read.
Actually I did some research on that.
Example, there is a free "diploma" from IBM. You can do several courses with them via Cursera and get a certificate (and some of the know-how).
 

barrythecyborg

Kingfisher
Can anyone help with any little known entrepreneur struggle to success stories?

I need a good story to work for a sales letter targeting high-level entrepreneurs... so I'm hunting for a 'Rocky' entrepreneur story that they won't have heard before (so not a famous story, like that Paul Mitchell dude).

Thanks.
 

Leads

Robin
I haven't been on Flippa in a long time but last time I checked it out there were so many sites where the seller obviously hired a writer to churn out a bunch of articles/pages, they pump it with traffic, put some ads on it and then sell it for 10x monthly earnings or more. Once sold the seller stops the traffic pump and buyer will be very lucky if they even get their money back.

I would be very careful before buying anything from Flippa.
I sold 13 sites on Flippa back in 2016 which enabled me to travel EE nonstop for 1.5 yrs. Each site was monetized with adsense - mostly reskined web games that were ported to all the app stores as well. The main value was in the short and concise urls of each. Anyway, the hosting fees were piling up and I wanted to reduce screen time, so I sold them on Flippa. I still want to check out Empire Flippers
 

Coja Petrus Uscan

Hummingbird
Gold Member
Does anyone have any suggestions for a good way to sign off business emails, with a signature.

Many people use something like 'Best regards'. This has always struck me as being a combination of fake and fairy.
 
Greetings friends, I am a new member and unable to open a new thread but hopefully it is not against the rules to post in this one.

I am looking to discuss ideas for a % of the profit for lucrative niche goods to be imported and sold to the US market. I can finance and store the potential goods.

One such thing for example is "spring bar tools" from alibaba.com. They are sold for 8-10 cents a piece and here they are sold for 2.90-3.15 USD on ebay.com

Granted, you have shipping on these items which is still a mystery to me as the cheapest USPS first class tracked postage label is ~2.76.

Any thoughts?
 
Greetings friends, I am a new member and unable to open a new thread but hopefully it is not against the rules to post in this one.

I am looking to discuss ideas for a % of the profit for lucrative niche goods to be imported and sold to the US market. I can finance and store the potential goods.

One such thing for example is "spring bar tools" from alibaba.com. They are sold for 8-10 cents a piece and here they are sold for 2.90-3.15 USD on ebay.com

Granted, you have shipping on these items which is still a mystery to me as the cheapest USPS first class tracked postage label is ~2.76.

Any thoughts?
My first thought is economy of scale. If you can get several dozen in as small a box as possible, then maybe your freight/unit will drop accordingly. If you can store them at home and charge full freight mark-up (but secure discounted freight rates) to fulfill orders, then those markups make good sense.

You'll need your vendor to pack as many of these things into as small a box as possible. Still, weight counts and if they are dense/heavy, your freight will go up.. Also, your vendor may have freight arrangements with international handlers that can ship cheap. Note: freight rates of all kinds are spiking in recent months, so check your math closely.

Do everything to keep your gross profit above 50%. As the item is so cheap to buy, you are really serving as a freight arranger and service provider, allowing customers to get the product at a fair price while you still make bank. Best of luck.

Lots of vendors in the parts business are hiring foreign workers to run their sales effort, through web orders and routed calls.
 

Coja Petrus Uscan

Hummingbird
Gold Member
Looking for some advice.

A large corporation ($XXb cap) has contacted me asking for the underlying data for my business, which they want to use in theirs. There is no real conflict here and the data will only be used internally in their company. That is fine, the risk is the data leaking out. If the data is public, then my business is at risk.

I am generally not interested in selling the data, and am asked about it regularly. But this seems to be somewhere an agreement might be able to be made. But I am very poor at all this kind of thing. They want a price. How would you play this.

My minimum price begins with a $2 and I will offer them that + 25%. I believe it's a fair price and they can't get this data from anywhere else. But maybe they would pay more. Looking at their Twitter makes me want to ask for more, because it is covered with June's fornication celebration and the acronym ESG. Meanwhile I know the what they want to use this data for is very much not going to be in line with lovey-leftism.

Tagged: @[email protected], @Cervantes, @EndlessGravity, @NoMoreTO, @rainy, @scorpion, @SlickyBoy

Another company is asking me for much the same. A little tid-bit. The owners of this company were employed by globoz to research certain seditionists earlier this year. It was difficult to hold back from laughing at how petrified they were of this:

Capitol-Meemaw-PERC1-758x397.jpg


They literally thought brown-shirts were about to crawl out of the woodwork and kill everyone. They were panicking right in front of me :laughter: No wonder they are so soothed by Biden stumbling around buying ice cream.
 
Looking for some advice.

I always stay on top of prices in my industry so I have a good idea where things, salaries, contracts, etc, should fall. Sounds like your gut is telling you your price and I'd go with that even if I thought they could pay more. Maybe they can and maybe they can't. However, I've found when I go with my gut on pricing, the deal is more likely to go through (although it sounds like you're pretty firmly in the signing territory already).

I think about it like cashing in on stocks or options: there's always more juice to squeeze but if I'm happy with the transaction, I'm happy and I don't think about it anymore. You can always wonder without end if there's more to be had.

Personally I also like to feel like I've been fair even with the chance of pushing the limit with a corporation. It's more about my integrity than their pocketbook (and just because they're grifters doesn't mean I want to feel like one myself by over-charging).

Still...have you sold to a company of this size or revenue before? Might want to look more into deals exactly like this one if you think you're leaving anything on the table.

I would be worried if you think it's a risk to your business. How great would you say the risk is and at what impact? If a greater risk, enough to cause any downswing in business thrust over a year, I would skip the deal. Rarely is a deal worth the risk of tipping your scale in the wrong direction, not just for money anyway (though I've done it to enter new markets or "project some muscle"). If a smaller risk, more of a inconvenience, I'd not let it affect my decision.

Hope some of this helps, brother. Definitely want to hear how this goes and what you decide.
 

rainy

Kingfisher
Looking for some advice.
If it were me I would review with my attorney or consult with an attorney who has experience in such dealings. They will be able to guide you on fair market value and reasonable future royalties.

And in general in negotiations I always start higher and and encourage a healthy back and forth. Something I've learned quickly in business is the value of an asset/service is not what you determine it to be but rather, what someone else is willing to pay for it.

I have some clients who pay 3X what other clients pay for the same service. I observed due to COVID and changes in the employer/employee landscape my services suddenly became more valuable to some than they previously were. It's much easier to come down on a price than it is to raise the price after presenting a number. When considering a value for my services I also try not to ask myself what it is worth today. I ask what would I want it to be worth 5 years from now and start there. That way I have already accounted for increased profit over the next 5 years instead of getting locked in on a price and attempting to raise it to get to where I want it to be down the road. Not a like for like situation to yours but something to consider. So how valuable is your data to this corporation? And how valuable will that data be not today, but 5-10 years from now to them? Your minimum is $2. Their maximum may be $6. I'd try to find the answer to that question. Good luck.
 

eradicator

Peacock
Gold Member
While a zero % interest no limit / no fee credit might sound good, how did he even get a response from his bank much less a signed contract? I’m a little shocked anyone signed that thing but good for him I guess
 
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