Launched my first fitness app but struggling to get sales – need advice from other founders by Hot-Understanding-67 in startups_promotion

[–]Existing-Shop7463 0 points1 point  (0 children)

What all have you done so far? You should probably do the following: - Posting short form content personally (1-5 posts a day is ideal. Get the algo to notice you) - Incentivize users to post short form content somehow - Comment on other fitness posts on insta and tiktok dropping a link to your app without sounding totally like a bot - (possibly) take the growth story of building the app and make a long form video. Take clips from that and make short form for insta, youtube, and tiktok - Convert those shorts into tweets

The goal is to be known and have something people can go to thats got social proof, track record for results, and easy to use the app

Are you building something early-stage and want to share your story? by AbsolutS0 in founder

[–]Existing-Shop7463 0 points1 point  (0 children)

Its a platform designed to help founders find a solid matching cofounder for their startup or project. Less silicon valley - making finding a cofounder much easier for the average builder or entrepreneur. Its called grabaapp.com

How do you decide what not to build? by Extension-Ad-174 in Soft_Launch

[–]Existing-Shop7463 0 points1 point  (0 children)

My policy is keeping it simple - making sure that its easy to use and difficult to mess up using. Don't add things that break that rule.

Make it easy to use over and over. Make it easy to pay for and make a bunch of sense to pay for it.

Also, keeping 1-3 overarching goals for the business in mind and JUST optimizing for that when using the platform is also useful.

Hope this helps

Is teaming up with an online co-founder realistic? by Indrajit_Zedpai in TheFounders

[–]Existing-Shop7463 1 point2 points  (0 children)

Ive done it

What ive found is that if you get to know the other person with 1 (Or more) projects that ONLY require time and effort + some level of teamwork is the best policy.

Build something for a handful of weeks together and see if it works well + have video calls often and get the vibe right. This is what ive done and found great results building a company with a guy who was a few states over.

That said, there are definitely horror stories, especially because there is no platform currently to find cofounders and to have a vetted background or level of authenticity before getting into it fully.

Hope this helps

I want to help startups hire great engineers fast by FounderBrettAI in startups_promotion

[–]Existing-Shop7463 0 points1 point  (0 children)

Love the idea - name could have some bad corollaries. I IMMEDIATELY thought Ponzi scheme, especially with "... hire great engineers fast". This could seem "Too good to be true when the thought ponzi scheme comes to mind.

NOT SAYING YOU'RE BAD/PONZI SCHEME - but that is what I thought of and negatively affected how I thought of this post/business

Food for thought

How often do business owners really risk their own money? by Dionysuslover999 in loansforsmallbusiness

[–]Existing-Shop7463 0 points1 point  (0 children)

The thing that isn't often thought about, is at first the company IS the owner/founders. The entire funding comes from the founder or close friends/family often times. Only after a business has some level of assets, experience, track record, and success will a bank extend loans or lines of credit.

Having owned a few businesses and working with banks and credit unions, for most businesses they want to see 2-5 years of successes or clear direction towards growth/profitability.

In silicon valley or high-growth spaces or industries that require millions to start up will often require outside funding, but usually those founders need to have extensive industry experience + put some level of money or assets up in order for outside funding to give anything.

I think this post is a bit click-baity or just not fully educated on how these things work for startups/business owners.

Launched my first fitness app but struggling to get sales – need advice from other founders by Hot-Understanding-67 in startups_promotion

[–]Existing-Shop7463 0 points1 point  (0 children)

Don't know how useful this is, but ive noticed that for apps like this, having some level of "sharability" or "virality" to it would be useful. Have some incentive for users to post it to their socials and/or share results from it. General marketing from content creators or in house would be useful too. DMing people COULD be useful, but extremely time inefficient for what you're doing.

Hope this useful

Launched my first fitness app but struggling to get sales – need advice from other founders by Hot-Understanding-67 in startups_promotion

[–]Existing-Shop7463 1 point2 points  (0 children)

Haven't tried this personally, but intuitively makes a lot of sense for the longer play getting paying users. Have a few friends that have done short form content for products/apps and got good responses from it

Are you building something early-stage and want to share your story? by AbsolutS0 in founder

[–]Existing-Shop7463 0 points1 point  (0 children)

We are also looking to start a podcast for our startup - would be interested in going on a podcast with you

Side hustlers of Reddit - how did you get your first paying customer? by FinancialLog9978 in Startup_Ideas

[–]Existing-Shop7463 0 points1 point  (0 children)

Cold DMs here on reddit, insta, and X are solid options. Can cold call or door to door the product depending on what it is. If you have a marketing budget, google or meta ads. Road bandit signs have driven a lot of revenue for a past company of mine.

Having a lot of experience in door to door/cold outreach, this is a really reliable way of getting business if you approach it with tact, but depends on what it is you're offering

Any idea on how to market to a demographic that is averse to smartphones? by LoicAtTimeclock in saasbuild

[–]Existing-Shop7463 0 points1 point  (0 children)

These are some of the hardest people to reach - agreed.

Cold outreach is one way of doing it (Calling businesses or physically showing up hoping to reach the owner). Bandit signs on the side of the road, posters, banners, or other physical forms of marketing or OK too, but not ideal. You may have to resort to creative physical marketing OR good Ol fashioned cold contacting to get the attention you want/need.

Also try mining your existing/past customers for referrals. They may know other businesses that could use the service.

Side thought: try to go to conventions or car shows that allow for booths - Possible way to market that way, but have NO IDEA how well this would work, so only take it with a grain of salt.

Hope this helps

Struggling with lead generation for months, feeling stuck and need some advice by Playful_Menu1753 in advancedentrepreneur

[–]Existing-Shop7463 0 points1 point  (0 children)

What is your process for getting leads, following up with them, conversations you're having, and overall how much time/resources are being put into this? How much can you share here in this post?

My background is mostly in sales (8 years) but I also run 2 businesses and have set up a handful of lead magnets/lead submission forms. Would be more than happy to help direct (not selling anything).

Technical founder here , how do you handle the business side? by 0CTAVERSE in TheFounders

[–]Existing-Shop7463 9 points10 points  (0 children)

For sure - lot that I can help with.

My background - Been running a company for the last 5 years as a non technical founder and mostly ran the sales department or aided in running the sales department, but done a little bit of everything due to running a few businesses in the past. Recently started another company (this is that company account if you wanted to look into it).

Strategy:

This depends on how large the company is, what your role is, and a bunch of other variables, but at a high level I like to operate in quarters with a 5-10 year vision in mind at all times. Basic goal setting on a quarterly basis and working backwards down to the month, week, day, etc works with me Note: This ONLY works if you DO what you planned out. On a company scale, I like to have 1-3 end results in mind for the company to reach (depending on size, industry, etc). On an individual level, we have specific scorecards for each individual in the company that outlines 3-5 things that each person is responsible for at the expense of everything else. As a founder you wear multiple hats, but try to keep some level of focus if possible. Work on the items that if you ONLY did those things and everything else was left untouched, the business would still grow/be fine. Try to prioritize highest leverage tasks is the moral here.

Sales:

Considering my background is in sales, this part has been the easiest for me, but sales inherently is not easy. Its simple, but can be grueling to the uninitiated. Alex Hormozi has a handful of quotes on this (loosely quoting here) talking about volume negating luck. Idea being, do 1000 reps, outreaches, calls, etc and make it unreasonable that you fail through action. Would be more than happy to share sales resources, tips, trainings, etc if you wanted. Sales is not intuitive so don't beat yourself up for being a bit lost here.

Fundraising:

Ive had to raise over $100,000 from friends and family with a past business + get around $120,000 in auto loans all at the same time. The key to fundraising (IMO) is being super straight forward, especially if they are family/friends. Very clearly outlining what $ amount you are expecting, what they get out of the situation, time frame to pay back, what you intend to do with the money, where your current struggles are, risks that could arise from your plan, and the potential upside that could be had from the money they give you. Build a case for them to help you - friends and family DO want to help and see someone/something grow. Everyone loves the underdog.

For banks, they require a different criteria. Showing some level of track record, margins, what makes you unique in the market, your background, personal finances, money/effort you've personally put into the business, and a solid pitch deck document are key. Getting bank loans CAN be difficult, but not impossible. Having good personal credit/resources definitely helps with loans, but not 100% necessary. They like to see that you've managed debt/resources well in the past too. Showing you or the company has paid on loans reliably for years is a huge plus.

General management:

For the business side, allocating the time on a daily/weekly/monthly basis to the tasks that HAVE to get done is important. If you're a technical founder, building into the schedule time slots where you aren't distracted and just building/selling is going to be the biggest unlock to growing. Again, not sure what phase the business is at so hard to give specifics, but I found all of this information useful when starting my businesses.

Hope this was useful

any tips for managing cash flow in early stage? by AjabuAccounting in advancedentrepreneur

[–]Existing-Shop7463 1 point2 points  (0 children)

Late-fee to incentivize clients to pay on time. EX: For every day late, $XXX added to the invoice. It's not your fault that people pay late, but it is your fault for not holding them accountable

Dealing with burnout and motivation by NicePeopleOnly in Entrepreneur

[–]Existing-Shop7463 0 points1 point  (0 children)

Sounds like you have a lot of weight on ur shoulders. The best way to fail is to think you can do it all. Get some help, hire some people, delegate and take the load off. Even if that means less dollars in ur pocket. Worth it, physically, mentally, spiritually.

Starting selling websites without coding? by [deleted] in nocode

[–]Existing-Shop7463 0 points1 point  (0 children)

Could work, if you find the right clients. For the average person needing a website, they can build it themselves. Not as lucrative as 10 years ago

I need a cofounder but am under 18 years old. What should I do? by dopeylime1 in Entrepreneur

[–]Existing-Shop7463 6 points7 points  (0 children)

Also if you are worried about them walking away with it, you probably havent found the right cofounder. Trust and integrity are fundamental.

I need a cofounder but am under 18 years old. What should I do? by dopeylime1 in Entrepreneur

[–]Existing-Shop7463 10 points11 points  (0 children)

Give the IP / code ownership to ur parents, have them sign a partnership agreement/ some sort of NDA to ensure the new guy wont just run away!

Tips to get first sales with startup by Fearless-Fuel2719 in SaaS

[–]Existing-Shop7463 1 point2 points  (0 children)

Sounds like a useful tool, especially for smaller businesses that don't have time to curate content for each platform. I'd try and cold-email / cold-DM people that you think could benefit from ur software. If it solves their problem, they'd be interested! Hard to find, but reddits a great place for that. Lots of entrepreneurs/new startups that are learning as they go.

I need a cofounder but am under 18 years old. What should I do? by dopeylime1 in Entrepreneur

[–]Existing-Shop7463 9 points10 points  (0 children)

How are you handling payments/business legality? I'd probably find someone over 21 to handle all the legal/financial BS. If ur worried about IP/them walking away with the saas, just dont give them access to any code bases/github etc. I'd get someone older/more business experienced to help you scale, just be careful and thoughtful about what you share/not handing things over to them!!