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MenuBusiness Strategy Needed!
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Before you go around announcing your brand name, PLEASE go register the corresponding domain name, WeldedWhatnots.com, which I see remains available for $10 or so. You can probably find a coupon online to buy it for a dollar.
Otherwise you're a sitting duck, and it's only a matter of time before someone grabs that domain and attempts to sell it to you at some inflated price.
Awesome - looks like you have the ball rolling very nicely & most definitely on the right track
For your own online shop I light suggest shopify as a good solution that takes care of the technology part while you can focus on what you do best.
I would also broaden your potential client base as there will be a lot of people who like things a little different but who don't necessarily love horses
https://www.facebook.com/ads/audience_insights
This is a great tool to help drill down a little further to help your ad targeting and really define your perfect customer.
Use the "interests" on left hand side with one interest. and then look at the "likes" tab across the top.
This will give you a list of related pages that you can use to help target.
Final point - aim higher..
You have a really interesting product
One of the awesome things about Facebook ads is you can pop your advert right in front of people who like these things who are known "buyers" of cool things.
You could aim to hit your sales targets in 30 days with the right promotional strategy....
Good luck
Phil
There are multiple channels through which you can drive traffic to your website. Facebook & Etsy are only a couple, but customer today frequent a lot more web destinations.
Additionally, as you begin developing your website I would be happy to advise you on suitable platforms, required capabilities for the website - payments, customer support, CRM, marketing & analytics to start with. Feel free to reach out.
I would take care of the domain name first as some of them already suggested. Cheers
Check out http://www.reddressboutique.com/
And their Shark Tank appearance starting around 18:20:
https://www.youtube.com/watch?v=vvPcpVGcEME
The Shark Tank discussion will surprise you and show you what I'm leading you towards for a marketing strategy. How they interact with their customers is how you could be interacting with yours.
And though they are far ahead of most of us for consumer goods sales, check out their target investment for their new website. Your jaw will probably drop.
When I saw the episode, my reaction was, "Ho hum"--right up to the moment she shared her sales total.
Observe how their new website works. Wait to see the popup. Sign up so you can see how they market to their list. Copy what you learn from their expensive experience.
I can help you. If you're on a budget email me at I iwill@unthink.me or use code Unthink for a free call. :)
Enjoy your weekend.
Yes, the first thing is to get your own domain name and possibly setup an e-commerce site.
Well, if a company wants to stay competitive in the industry, it must create and execute a strategy that is good and sound. For example, companies like Amazon have been successful for years because their strategy is tightly tied to their vision. Amazon is known as the most customer-centric company in the world. It is important to ensure that your strategy aligns with your company’s objectives, the type of business that your organization does and is known to do and the environment in which you plan to thrive. Clearly diagnose the risks and challenges anticipated in pursuing this opportunity and come up with the mitigation plan to address them. The company has since been well-known for its brand and quality. Along with its computers, people buy Apple's other products too, like the iPhone, iPad, etc., even though they might be more expensive than the alternatives. Choose a market that is either not served or underserved with little or no competition and be the first one there.
This way, you capture the market share, build your brand, and position your company well in that marketplace, making it harder for any new entrants. Offer unique features and high-quality customer service. For example, Walmart always tries to sell its products at a much lower price, increasing its sales through a large customer base and generating higher profits. Sometimes, it might be cheaper to buy part of the products or solutions that are already available or outsource to a third-party vendor to save some cost of producing your goods/services and getting them out in the market.
Use unique insights gained from successes and failures to learn from your experience and improve your future. Additionally, prepare a separate plan to share with your external stakeholders, like investors, partners, suppliers, industry analysts and your customers. Let them know what you are doing, why you are doing it and how it affects the company’s forecast in generating revenues and impacting shareholders' value. Develop and execute a solid, competitive strategy to make profits that generate above-average returns.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
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What advice do you give to a 16 year old entrepreneur with a start up idea?
First, hat tip to you for being a young entrepreneur. Keep it up! If you have the funds to build out your MVP, hire a developer and possibly a mentor. If your idea is marketable, you don't need to give up equity by bringing in a co-founder. If this is your entrepreneurial venture, I would recommend you do retain a coach to help you see all the things you may not know. Have you already done your SWOT analysis? Have you identified your target market? What is your marketing plan? What will be your operating expenses? There are lots of questions to ask. If you would a free call, I'd be happy to help you in more detail. Just use this link to schedule your free call... https://clarity.fm/kevinmccarthy/FreeConsult Best regards, Kevin McCarthy Www.kevinmccarthy.comKM
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I have this social media idea,but no coding skills. How do I get someone to do the coding (cant afford to pay them) and not give away half of my idea?
Dilip was very kind in his response. My answer might be a bit on the "tough love" side. But that's for you to decide. My intention, just for the record, is to help you (and those like you) on your path to success. And that starts with having a viable philosophy about entrepreneurial-ism and business. And I'm going to answer this because I get asked some form / version of this question very frequently from newcomers to entrepreneurial-ism. The scenario goes something like this: "I have a great idea. It's amazing, I love it, and I just KNOW it's gonna make me a ton of money. But I have no money right now so I can't afford to (fill in the blank with things like "to build it / create it / market it / etc" or "to hire the required staff needed to work in my business to sell it / develop it / etc"). And I don't want to tell anyone about my great idea because I'm worried someone will steal it and make MY million / billion dollars. But I can't afford to legally protect it either... So how do I launch without the skills to personally create the product AND no money to hire anyone else to do that either??" The answer is ... You don't. Look - let's be honest. All you have is an idea. Big deal. Really. I'm not saying it's not a good idea. I'm not saying that if properly executed it couldn't make you a million / billion dollars... But an idea is NOT a business. Nor is it an asset. Until you do some (very important) initial work - like creating a business model, doing customer development, creating a MVP, etc - all you really have is a dream. Right now your choices are: 1. Find someone with the skills or the money to develop your idea and sell them on WHY they should invest in you. And yes, this will mean giving up either a portion of the "ownership" or of future income or equity. And the more risk they have to take - the more equity they will want (and quite frankly be entitled to). 2. Learn how to code and build it yourself. MANY entrepreneurs without financial resources are still resourceful. They develop the skills needed to create what they don't have the money to pay someone else to do. 3. Get some cash so you can pay someone to do the coding. You'll probably have to have some knowledge of coding to direct the architecture of your idea. So you will likely still have to become knowledgeable even if its not you personally doing the coding. (This is not meant to be a comprehensive list of options... And I'm sure some of the other experts here on Clarity have others to add - and I hope they do) To wrap up - Here's my final tip to you that I hope you "get"... It's FAR more valuable to have an idea that a very specific hungry crowd is clamoring for right now - One that THEY would love and pay you for right now - Maybe even one they'd pre-order because they just have to have it - Versus YOU being in love with your own idea. [Notice I didn't say "an idea that some as-of-yet-undetermined market would probably love"] I wish you the best of luck moving forward.DB
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The quickest path to cash is almost always consulting. Be very specific about what it is you can offer. Don't just offer "business consulting". Find a niche and serve it. Reach out to your network, including friends and family and ask if they need or know of anyone who might want to hear about what your consulting has to offer. That will be way faster than trying to go at it from scratch or cold calling. If you call 100 people in your network this week, you will have a consulting gig within 3 weeks. Good luck, and let me know if you'd like advice on entering a digital marketing/lead generation consulting niche. I've grown from zero to $8,000 of monthly recurring payments in the last 40 days! DaveDR
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Where can I find programmers willing to join a growing mobile start up for equity only?
You won't find anyone worth adding to your team willing to work for equity only, no matter how compelling your product and business is. The realities of the talent market for mobile developers anywhere is such that a developer would be foolish to work only for equity unless they are a cofounder and have double digit equity. Happy to talk about hiring and alternatives to full-time hires.TW
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