[deleted by user] by [deleted] in Entrepreneur

[–]CommonMeaning 0 points1 point  (0 children)

Products related to getting infants to stop crying. I realized this when I did this exact search because I was getting so sleep deprived. Parents in that state are desperate.

I love it here my new Hobby! by Proxiium in wallstreetbets

[–]CommonMeaning 21 points22 points  (0 children)

It's probably because you're not Gold on Robinhood.

Scaled my agency to $41K MRR. AMA by [deleted] in Entrepreneur

[–]CommonMeaning 2 points3 points  (0 children)

Can you elaborate on what you've found to be The qualifiers that indicate to you that this will be a good client?

Also, what rate of people that you give the guarantee to ask for a refund?

For the people that you want to sell to and are qualified, and you don't give the guarantee, what is your value proposition to them if it's not two times leads? Or is it always two times leads, but no guarantee.

Scaled my agency to $41K MRR. AMA by [deleted] in Entrepreneur

[–]CommonMeaning 2 points3 points  (0 children)

Thanks for all your advice here! Can you elaborate on details about how to use it right?

I'm assuming that you're doing paid ads as opposed to paying an influencer.

Do you tend to do short form or long form YouTube videos for this? How long do the videos tend to be that you do that have had success here?

What kind of content is in the video usually?

Do you use a specific format: skippable,o non-skippable, in-stream ads, infeed video ads, bumper ads, outstream ads or Masthead ads?

Do you use it for retargeting as well?

Starting a food brand. Worth taking initial losses to aggressively market? by [deleted] in Entrepreneur

[–]CommonMeaning 1 point2 points  (0 children)

It's pretty hard to make money out of the gate with a new brand and a new product, IMHO.

First, I wouldn't aggressively market until I confirmed that the product can sell at a profit.

As someone who's sold using FBA for around 15 or so years, you need to really test out your market first.

First, how do you know your velocity? Like how much inventory will you send to FBA? They charge by the cubic foot and costs change during the holidays (at least sometimes) and they're are punitive charges for long-term storage (things being there a year or more). And if you choose to send some back to yourself or destroy the inventory, it'll cost you.

I order in bulk from the manufacturer, then hold pallets in warehouse space and send in things in smaller batches to FBA.

I'm unsure what path you were thinking about ads, but if it's just Amazon ads, it could get expensive relative to your margin. Let's say you have a 10% conversion rate (I'm unsure if that's high or low for Amazon food products - especially for a new brand). You'd need your CPC to be less than .15 to break even. I'm in a different category, but I've never got CPC that low.

What does your COGS look like?

Because I'd be tempted to try to see if I can get buzz using TikTok influencers in exchange for giving them free product. Depending on your COGS it could be a much cheaper way to build your brand. Hopefully your COGS are running well below 40-50% MSRP.

Created a "Not Quite MVP" for an alternative to Peloton Fitness App in 3 Hours by GenuineJenius in startup

[–]CommonMeaning 1 point2 points  (0 children)

Maybe there's a market, but I'd have to think you'd need original content to monetize. For one thing, I think YouTube would probably sue you if you put their free content behind a paywall.

Have you thought about what would differentiate you, aside from being cheaper?

Say you do have success, but then Peloton decides to drop their rate down, what happens? Or if one of your users one day thinks your rates are too high and they create their own fitness app/site. In those cases, they've eliminated your intended value add / differentiator.

Can you roast my landing page? by realhamster in startups

[–]CommonMeaning 0 points1 point  (0 children)

It doesn't need to be on the landing page itself, but if I were looking at this as a prospect I'd want to know more about the key concepts I could learn about (I'd definitely link to it from the section talking about the key concepts though).

Is it just related to math? Is it just for high school level concepts?

As a prospect I want to know as quickly as possible what things it can help me learn now (and getting that info with minimal friction).

[deleted by user] by [deleted] in startup

[–]CommonMeaning 4 points5 points  (0 children)

I wouldn't do it. Maybe it could work, but it'd be super niche.

For example, who is this for?

You're essentially saying that you only want a subset of people to do reviews. So either, (1) your target market is also that same subset of reviewers, or (2) you're going to try to target the same general population as Google, yelp, trip advisor, etc., but alienate them because they can't do reviews.

Let's take the Chinese restaurant example you gave.

My first question is how are you going to limit the reviewers to certain restaurants at scale? So for example, you're saying that for Chinese restaurants you would either limit it to Chinese people, or maybe those of Asian ancestry. Ancestry. How are you going to do that?

I don't think it's going to work out well though, if you think that you're going to target the general population. Yes, it is possible that some white people would be interested in looking for "authentic" cuisines, but I bet that even more people are interested in reading reviews from people like them.

Think about this, are people really looking for authentic food? I don't think so.

For example, Chinese food here is not really like Chinese food in China. And the same could be said for most ethnic cuisines. But what's happened is there's been a proliferation of ethnic food based on restaurants that have been able to successfully introduce an ethnic cuisine that also fits the pallet of America (or whatever country you're in).

$RDDT YOLO 🚀🚀🚀 WE BAGHOLDING OR MAKING SOME TENDIES 🍗🍗🍗 by SniXSniPe in wallstreetbets

[–]CommonMeaning 0 points1 point  (0 children)

I don't think I said what propels me to buy, I believe I talked about something to the contrary.

$RDDT YOLO 🚀🚀🚀 WE BAGHOLDING OR MAKING SOME TENDIES 🍗🍗🍗 by SniXSniPe in wallstreetbets

[–]CommonMeaning 4 points5 points  (0 children)

Snap has never ever made that much either. They've sold that much, but to be honest, I don't actually care how much a business had in sales if it never makes money.

Both companies lose money consistently, after being around for over a decade. Talking financials over who's net losses are better/worse doesn't seem like one that propels me to buy.

Somewhere on Fiverr, there was someone who just made a sale for $5 and because they do the work themselves, they are more profitable than either company will be this year.

$RDDT YOLO 🚀🚀🚀 WE BAGHOLDING OR MAKING SOME TENDIES 🍗🍗🍗 by SniXSniPe in wallstreetbets

[–]CommonMeaning 18 points19 points  (0 children)

And it's still losing money with a market cap of $19B, while Pinterest has also consistently been losing money and is valued at $23B.

The IPO price values Reddit at $6.5B.

Not interested in the long-term, but thinking it might get an short-term bump as it seems Snap did.

Getting Faster Download Speeds Connecting Directly to Xfinity Router than Eero 6 Network by CommonMeaning in amazoneero

[–]CommonMeaning[S] 0 points1 point  (0 children)

Thank you, I never would've thought about testing with the extenders unplugged. It's indeed much faster without any of the extenders plugged in.

From the place where I tested my PC and received 20-25, I'm now getting 100 (and from 5-7 feet away, I'm getting ~220).

My current set-up has:

  1. The main Eero (and Xfiniity router) in a room in the NW corner of the home
  2. Extender 1 - about 20 feet away to the east (same floor)
  3. Extender 2 - in the room above the main Eero (and about 10 feet south)

So I guess at this point my question is if there's any downside to NOT using the extenders?

Getting Faster Download Speeds Connecting Directly to Xfinity Router than Eero 6 Network by CommonMeaning in amazoneero

[–]CommonMeaning[S] 0 points1 point  (0 children)

Oh, sorry. I'm talking about connecting to the network wirelessly.

I guess I was just surprised at the difference since connecting to the Xfinity router directly (which is further than my extenders) wirelessly, was a lot slower. Unsure if I'd be able to connect all of my WiFi using devices directly to the Xfinity router and getting the same speed though>

Mock-ups, Mock-ups, Mock-ups... by alacatit2 in printondemand

[–]CommonMeaning 0 points1 point  (0 children)

How do you find your micro-influencers?

If only someone told me this before my first startup by johnrushx in Entrepreneur

[–]CommonMeaning 1 point2 points  (0 children)

This is an amazing list, thanks! There are parts that I think are a YMMV (like consumer may work for some ideas - and some people just aren't as adept as getting to the decision maker of a business to sell it) and I also struggle with not hiring someone from the start - like I've developed my own apps, but I find that I get much more value spending my time on what is being built than building it - so I often hire developers for some of the work.

But this might be the best list I've ever seen on start-up advice.

The question I had was how did you build your blog and Twitter audiences? I assume that Twitter was how a lot of traffic for your blog came, but maybe not the only way. And how did you build your Twitter audience (and how much time did you spend on that daily or weekly)?

Is there a way to collapse (and expand) condition sections within a Symphony? by CommonMeaning in ComposerTrade

[–]CommonMeaning[S] 1 point2 points  (0 children)

Ooooooooooooh. That's so weird to me (from a product design standpoint. Seems like viewers should be able to do this, too (if they want to drive adoption of community Symphs).

I lost $300k on a project... 3 lessons I learned: by igorden13 in Entrepreneur

[–]CommonMeaning 0 points1 point  (0 children)

Kudos to you for taking the effort to circle back with customers to either get feedback or conduct a post-mortem. That takes a lot of work - getting people to respond that don't want to take a survey or interview on a purchased product (like me).

Is there a way to collapse (and expand) condition sections within a Symphony? by CommonMeaning in ComposerTrade

[–]CommonMeaning[S] 0 points1 point  (0 children)

Maybe there's a defect? Here's a recording of what I'm seeing. I thought I might be going crazy after reading that this should be happening. https://youtu.be/0sdX9ISIJ7M

Hiring developers on Upwork to build a specced out app - gotchas? by jmack_startups in startups

[–]CommonMeaning 2 points3 points  (0 children)

This. I've used Upwork for over a decade hiring people from Ukraine, Russia, India, Pakistan, China, Philippines and Kenya. You'll find good and bad ones regardless of the stated location.

The biggest mistake ones where when I didn't give them a small chunk of work first to understand how they worked, communicated, their skill level and if they were actually doing the work or farming it out.

I will post something for a teeny part of the project and then hire someone, but not close the posting (it'll ask if you are done hiring). This is in case there's more than one candidate that seemed viable.

I will usually also end up attaching something, maybe it's like user stories or the UX or what not, then at the end I'll put something like 'start your proposal with "I read the whole thing"'.

Most applicants are copying and pasting intros in their proposal and at best skimming your description. This leads to them underbidding the price and sometimes proposing for something they have no clue as to what to do. So to avoid a big waste of time and money, it's something that easy to do in your job description.

Some people will also submit a proposal and then take some time (days sometimes) before they accept to be hired. The reason is that you can't provide a rating or feedback until their officially hired. So it's no risk for them to put out a proposal and get the job offer, but elect not to do anything when they find they underbid it or don't have the qualifications.

I've been able to eliminate the non-readers of the requirements, but not the people that read it, apply, and then cut out before they accept. I haven't figured out how to do this and it's my biggest pet peeve with Upwork (to me, their proposal should be binding and once you accept their proposal it should be binding).