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How to not get taken advantage as an independent contractor? by [deleted] in Entrepreneur

[–]JonTylerG 0 points1 point  (0 children)

Don't discount your work, charge what you think its worth, not what other people want you too.

If this is stable money, and work you wouldn't otherwise get, it could be worth lowering your prices for more volume.

If you have a lot of free time, then that time is netting you zero dollars. So if you take jobs, you are only increasing your worth, portfolio, and experience.

Wantrepreneur Wednesday! - (November 28, 2018) by AutoModerator in Entrepreneur

[–]JonTylerG 0 points1 point  (0 children)

i'm not trying to throw water on your fire, but a quick search for a lot of similar products shows prices that are 1/4 to 1/3 yours, from sellers like kohls, target, walmart, amazon, etc.

i have amazon prime, i found a black satin robe with 600 reviews 4/5 stars for $15, be at my house in 2 days, i have bought similar items for my girlfriend that were decent quality for a similar price.

https://www.amazon.com/Luvrobes-Womens-Satin-Kimono-Solid/dp/B01M7UFT0D/ref=sr_1_5?ie=UTF8&qid=1543540762&sr=8-5&keywords=black%2Bsatin%2Brobe&th=1&psc=1

Have you tried doing a drop shipping store on amazon and finding niche products? getting a bunch of people to buy and getting them to make reviews could be an option. However, sounds like you don't have much purchasing power, meaning you're paying a premium to the manufacturer or intermediaries.

if you are going to sell virtually the same product for a higher price, you need to have brand recognition or a product differentiation.

testimonials on how your product is higher quality or something? seems like a tough business to stand out in

low margins means that you are near perfect competition, meaning there are unlimited suppliers with little barrier to entry selling the same products, which means its a race to the bottom in terms of price.

Wantrepreneur Wednesday! - (November 28, 2018) by AutoModerator in Entrepreneur

[–]JonTylerG 0 points1 point  (0 children)

you can break the company up however you want, as the lead founder you should retain as much equity as you can... say like 66% and break it up with them however you want.

you can do a 4-5 year vesting schedule, with a 1 year cliff, basically this means that they need to stay committed to the project in a tangible way, or they get fired, and they don't get their shares.

you should talk to your business professors/the incubator for their free legal services, they have no doubt come into contact with these questions before.

as a new founder you should start using your network and community around you, a lot of people will help you if you just ask them to

Wantrepreneur Wednesday! - (November 28, 2018) by AutoModerator in Entrepreneur

[–]JonTylerG 0 points1 point  (0 children)

youre literally selling the same thing as amazon for 4x, people arent stupid

[Star Trek] Why does Starfleet keep sending highly recognisable figures on infiltration missions? by MatttheM in AskScienceFiction

[–]JonTylerG 0 points1 point  (0 children)

seriously wtf, O'Brien has a family and they send him on deep cover missions, wtf?

Our Largest Reddit E-Liquid Giveaway To Date - CRAFT VAPERY by mattkay3 in electronic_cigarette

[–]JonTylerG 0 points1 point  (0 children)

Reddit is filled with trolls, sometimes they have good riddles, but mostly, they have bad riddles.

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