/r/business
/r/business brings you the best of your business section. From tips for running a business, to pitfalls to avoid, /r/business teaches you the smart moves and helps you dodge the foolish.
/r/business brings you the best of your business section. From tips for running a business, to pitfalls to avoid, /r/business teaches you the smart moves and helps you dodge the foolish.
/r/business is not the place for stories about the government's economic policies or corporate corruption.
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Political submission are not allowed and will be removed. Use /r/politics.
Examples of Corporations behaving badly? That goes in /r/greed.
This place should have a "business casual" feel. Like you're at a networking party...make jokes, not offensive comments.
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Surveys, questionnaires and (market) research are not allowed.
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Small Businesses:
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/r/business
(revised) I'm a woman running a successful business with my two daughters. Recently, one of my daughters started networking with a guy in our industry. He’s fairly new and not as established as we are, but they’ve hit it off and have been discussing ideas to grow our businesses together.
Recently, my daughter got in touch with someone I’ve been wanting to work with for a while. This potential contractor has an excellent reputation and a huge network, and they’re now available and interested in working with us. I’m confident they could bring a lot of new clients to our company, which would be a major win.
Here’s where things get complicated: my daughter wants to bring in the guy she’s been networking with and give him 50% of the clients we gain from this new contractor. Her reasons are:
• She and he were already talking about collaborating and building a team, so she sees this as an extension of that.
• She thinks I should have said something sooner if I had concerns.
• He’ll also be bringing in contractors, so she believes the split is fair.
My reasons for being hesitant are:
• She wasn’t upfront with me about her and this guy’s plans and actually mentioned the contractor to him before she even told me.
• This contractor is a top player in our field, someone we’ve cultivated a relationship with. Her friend would struggle to bring in someone of similar value.
• Since this contractor is our contact, it doesn’t feel right to give half of the new clients to someone we barely know. I believe we can secure this deal without involving him.
• A formal collaboration could ultimately benefit him more than us.
• I worry her judgment might be clouded because she likes him and tends to be overly generous.
• My biggest concern: he’s told her that once his business is stable, he’d like to explore a personal relationship with her.
My instincts are telling me not to go through with this arrangement, but I worry that if things go south in her “situationship” with him, she’ll blame me for not supporting her decision.
How do I handle this in a way that protects our business without damaging my relationship with my daughter?
did you save up? take out a loan? did you know early on what you wanted to do or did you fall into it? did you have prior experience or go in blind? how long until you felt stable or profitable?
hi, I'm from Turkey and in Turkey, modafinil, racetams, antidepressants and antipsychotics are all sold without a prescription, but in Europe, a doctor's prescription is required. My idea is to open a website and send these drugs to customers in Europe. What do you think abouy that thing its makes sense for me what is your thoughts guys.
How do some people own franchises like dominoes and remain struggling/ not rich?
If you had a good job, 80k a year let’s say and I opened a franchise like dominoes for example in an area where there aren’t many, what stops people from becoming rich?
I mean it’s only like a 5.5% royalty fee I don’t understand how some people aren’t ruck from doing this? And why don’t more people do it?
Hello,
I am buying a dump truck and starting my own Company. I will be the driver and only truck as of right now.
I have savings bonds that i am going to cash in to put on the down payment for the truck. Those bounds are considered income and are taxable. Is there way to claim the amount used as a downpayment as a deductable?
Sorry i am new to this and have many queestionbs like this. Are there any legit and honest companies that help with this kind of stuff?
Many Thanks,
Right now I am studying to get a job doing a 9-5 that I hate. Nothing about it I find interesting but obviously I have bills to pay.
I would rather have my own business. I don’t mind long hours and working holidays it’s the idea of someone else dictating my schedule I don’t like and the limited potential for income.
For those of you who started your own business how did you come up with the idea and does it best your 9-5?
I keep racking my brain trying to come up with ideas but other than investing in the stock market I really don’t know what I can do or have the ability to do well.
Any suggestions on how to come up with a business idea would be great
I don’t get it. I work in advertising and have applied to 1400 jobs in the last 9 months. I’ve kept a Google sheet with all of the income stats. I’m now getting paid what I was making 5 years ago- and it isn’t much. It’s enough to live on so I’m content.
But why is it that the price of food, life etc. is increasing but companies aren’t increasing their salaries?
Minimum wage is north of $20 in some states in the US, the price of “fast food” is bordering ridiculous prices.
I'm a high school developer who's interested in resolving environmental issues. The one that I'm currently thinking about is the jellyfish blooming due to the rise of ocean temperature, but I have no idea where to start. Any idea on a business that I can establish, not necessarily on jellyfish blooming but on any possible environmental crisis? Literally the smallest idea is just as fine.
I'm working in a good company with decent pay. I'm not able to decide whether should i join business since dad is running alone. He wants me to come and take over. Sometimes I feel to takeover sometimes i don't considering the money people making in IT industry in good mnc companies. Some help for getting clarity😶🌫️
So I inherited $150k and I’m thinking about starting my own trucking company. Is it possible to do that? I’m thinking about buying 2 trucks and just hire people and start from there… I just wanna know if it’s worth it and that if my so called company can take off? I would appreciate any tips! Thanks
I'm a female and I'm in business with both my daughters. Our business is doing quite well. Recently my daughter met this guy who is in a similar industry to us, he hasn't been as long in the industry or is as successful. They both seem to have taken a liking to each other and have been networking together and trying to come up with ideas for growth.
My daughter recently got into contact with someone I have been wanting to work with for awhile now. The timing was perfect because this person is now a free agent and is interested in working with us as an independent contractor. This person has a lot of contacts and will no doubt bring so many new customers to our company.
There is one problem though. My daughter wants to bring this new guy in and create an agreement where he gets 50% of the clientele this new person will bring in. Her reasoning for this is because.
Her and him were already discussing reaching out to potential contractors and building a team.
I was aware of this and should have said something earlier if I had any objections
He will also be bringing in contractors so it's no big deal.
My reasons for being against this is:
She wasn't fully transparent with me about what her and him were planning. She told him about contacting this person before she even told me.
This contractor is our own personal contact who is the Gold standard in the industry. Her friend would find it very hard to find anyone who can match what our contact can bring.
She is our contact. Why would I give away 50% of clients to someone I hardly know. We don't need him we can pull this deal off without him.
Creating a collaboration agreement will most likely benefit him more than us even in the long term.
Her judgement may be clouded because I know she likes him. Plus it's in her nature to be a giver. She likes to help people.
Biggest concern. He told her that once his business takes off he will want to date her and get to know her on a more personal level.
My instincts tell me not to go ahead with this. If I don't though and this situationship of hers breaks down then she will blame me for it.
How do I handle this without her resenting me and protecting our business?
Hello!
It's November; the most important month for email marketing. Most companies just send out a bunch of promotional emails this month, but if you want to maximize your revenue, it is important to switch it up. Here's a list of 10 emails I've sent/created for over 50 ecom brands over the last 5 years that have absolutely nothing to do with a discount:
The thank-you email - plain text, keep it simple. I made an entire post about why this is the most powerful email you can possibly send earlier. If the didn't see that post, here's the short version. I sent out hundreds of emails for brands in completely different niches and there was one email that outperformed everything. It was a plain text email from the "CEO" that had a humble tone and just thanked customers for supporting the business.
The product highlight email - No discount needed. Pick an interesting product with good social proof and good reviews, then talk to the customer about what makes the product unique. Compliment your claims with social proof.
The review request - This could be implemented into a flow or directly sent to repeat customers as a newsletter. Not many people will send you detailed reviews unless you ask, incentivize, and tell them what you're looking for.
The Q&A email - Could be a survey, could just be a question snuck into other campaigns. The goal is to ask important questions. When you receive the answer you boost your domain health and gain some data. For example, on a streetwear brand: ask clients about what they want to see next. On a candle brand: get them to vote for the next scent. On a fitness brand: ask about their fitness goals etc.
Niche educational email - give out educational niche-relevant information. This is great for stores that have a blog or cross-post a lot on social media. Teach them about something they are interested in learning.
The holiday email - Aside from Ecom holidays like BFCM, you should also reach out to them on regular holidays. Regardless of whether you want to run a holiday promotion or not, at least wish your customers a happy holiday. don't forget to send a Thanksgiving email to American customers this month.
The video campaign - make a video of yourself, post it, and link it into an email. Screenshot the video and use it as an image in the email. This is a very personal way to interact with your customers, and it gets them to engage with you on another platform like YouTube or Instagram. When you make this video campaign remember to keep them quick, interesting, and informative. Once they leave the original email, the competition gets fierce; you're now competing for attention against fast-paced Instagram reels and TikToks.
The funny email - don't even try to be professional. A lot of the time you can throw people off and get a reaction by simply being unprofessional and saying things they wouldn't expect you to say. If you're actually a funny person, you can see insane results with these emails in plain text. If you're not the best at coming up with this kind of stuff, just cross-post memes and funny niche-relevant posts from social media.
Storytelling email - this type of email is literally gold. This is one of the most effective emails because you can connect with your customer's emotions. Whether it's your own personal story or a niche-relevant story you've found online, you can use the story to connect with your customers. You can even break down stories into multiple emails; you can have a huge promotion and sneak in a much-anticipated part 3 to last week's story. Always remember, emotion sells.
Once again, thanks for reading my post. I hope you got something out of it. If you have other ideas for email/sms campaigns, feel free to share below. My last post was about how to structure promotional emails for Black Friday/Cyber Monday. So if you're interested in learning about how I structured promotional email content for the past 5 years on ecom brands, you should check that out.
Hello, I am 13 years old looking to start a clothing brand as a hobby. I have questions on what the first steps are to launching a product (hats) and am looking for advice on the topic. My brother is currently studying business tactics and accounting so I have gotten help from him and have already made a few designs. Here is my business plan so far:
Calculate cost of shipping, product manufacturing, etc.
Don’t overprice your product (won’t sell)
Find the correct target audience
Make your product known (flyers, media posts, giveaways)
Not a primary income till you have had it running for 3+ years steadily
Apart from the story I need a suggestion and validation here. It's a bit long, skip to tl;dr if you couldn't handle length.
A few days ago, I saw a person on Reddit sharing his struggles that, Even after generating a lot of leads from ads of Meta and Google (even with lowest cpc cpa cpl), he was not able to convert them into sales.
Out of curiosity I dm'ed him with all fancy services that I offer and expressed that as a agency I would work with him for monthly recurring fee. He suggested for one time consulting fee, I agreed.
It was literally a eye opener for me. This guy is in coaching business offering courses for people. His niche was too vague. Courses were on mindset coaching, confidence and public speaking coaching, right attitude coaching, manifestation coaching and all crap shits related to this. At first I thought he was not getting sales because who will pay for all this craps. I openly discussed with him that he has to change what he offers because, if I saw this ad I wouldn't buy this for sure. He then showed me how much money people offering similar service are making . I was literally taken back. He was part of a influencer group (the main guy who encourages these guys to start coaching business, looks like some mlm shit) where people post their succes stories. Literally lot of guys were making above 150k and 200k per month. Even with very basic landing page and average offer They are still winning.
Here's where it gets interesting. I tried to clone everything that the top people in this industry are doing in marketing from end to end.( like the same landing page, bonus offers around 50k, exclusive community, free 1 on 1 calls for twice a month).Nothing worked for a month and later surprisingly even the sales started dropping a bit more.
I got really confused here. So to do a discovery I went and purchased the competitor course and Man I was literally taken back. Like he has automated everything from end to end. You click the ad, see vsl, you have to fill a form and join a free Skool community where he gives away free stuffs and post success stories of people who took the course. Now every part of this journey you will get a follow up mail and follow up sms. Like after filling the form. after that now if you join and don't purchase the course you will be pampered with email and sms filled with success stories. For sure anybody will be tempted to buy the course.
Here is the key take away. He was able to make more sales because he was very successful in nurturing the leads with follow ups after follow ups. Even after you purchased his course he is making passive income from 1 on calls and bonus live webinars. So follow ups will be for 1 on 1 calls and webinars after the course is over.
Core point is our guy even after spending 2 to 3k per month on ads was not able to bring huge sales like competitors because he failed the nuture them. Even after making the same offers and the same patterns of marketing as competitors, the sales declined because people thought this is some spam that everyone is doing because the template of the ads was very professional and similar. suprising one is people fall for basic templates thinking it's a underrated one.
so what we did here is we integrated a few softwares into one and set up all same webinars, automated email and sms follow ups, ad managers for stats, launched him a free LMS platform where without any additional fees so he can uploaded unlimited courses, skool like community and add product's like Shopify ( he was selling few merchandise with his brand name on) where he can add unlimited products with connection to all payment gateway, integrated with crm with unlimited contacts, workflow and lead nurturing with calender syncing for 1 on 1 calls.
But these are a bit old school, what we did was even better. integrated a conversational ai with all of his sales platforms and gave a nocode automation builder with ai for the workflow. we also set him up with a ai voice agent that's automatically calls and markets for his course and also replies for queries when called. we also set up him a dedicated afflitate manager portal with automated commissions.
Though he didn't cross 100k Mark, He did a great number after this. He was struggling with 6k sales, now he has reached somewhere mid of 45k to 50k mrr. Max he hit was 61.8k. I see this a big difference.So one small thing, nurturing the lead can bring you immense sales.
To set up all of this it costs around 1.2k monthly for me with all the bills. ( I know there are few free for Individual user platforms out there, but It gets very costly when you switch to their premium plans. with heavy volumes you would require more than premium they offer.) I offered him like 3k per month to work as a agency for him who takes care of all these stuffs. He declined and offered for one time set up fee stating that he will pay 1.2k directly. The one time fee was also a bit low, though I agreed since this was a learning for me.
what happened next after that is, he referred me to a few other people in the same niche. But the problem is they are not interested in spending 1 to 2 k in bills for software. They requested that if, will I be able to provide the saas alone for less than 500 dollars with one time set up fee. I haven't responded yet since I have to take an enterprise plan for all the software used and pay full advance price for billings. Then to break even that I have to make minimum 50 or odd users for that. let's grantly say 100 users with all other future costs.
So here's what I'm planning to do. I'm planning to offer this as saas for let's say 239 dollars per month. with may or may not one time set up fee. ( I checked the entire internet, there is no single person offering at this price point for unlimited. Also one can easily start their marketing agency with this.)
The suggestion and validation that I need here is 1.are you going through the same struggles or faced these struggles? 2. would you be interested to buy at 239 dollars per month? 3. let's say you're from a different niche, Did the features I told were okay for you or you need something specific for your industry that you will be interested in buying?
please answer in comments and if you will purchase for this price let me know in comments/dms. I will take that into account and if the response rate is above 100 queries, then will integrate this and sell for that price.
(ps: If you see this post on similar subs, please bear cause I'm trying to get suggestions from different POV)
tl;dr -
*I made a software integration for a client for a 1.2k per month billing and here I want to know if more than 100 people are interested so that I will make this into my own saas and sell it for like a cheap price of 239 dollars per month
TIA.
I have a question. I know Paramount and Skydance are merging in the spring of 2025, is it relevant that Skydance would have a minority acquisition of Netflix? I'm kinda curious about CBS Sports co-producing NFL games on Netflix. Especially with the Christmas games. But IDK. That's TBD.
Hi all! long time lurker, first time poster.
as the title desribes, im a solo founder working on a cloud-based backup and data protection service, primarily aimed at small and medium-sized businesses that rely on physical hardware for data storage. My goal is to provide a secure, reliable way for these businesses to backup their critical data and reduce their reliance on on-premises computers.
Basically, if a fire or disaster hit their office, they'd have offshore backups of their financial/customer data stored in the cloud.
I'm in the early validation stage and looking to connect with early adopters to get feedback on this product and start better understanding their pain points. So far I've:
questions for you awesome redditors:
Thank you!
I hope this is an acceptable post for her, if not feel free to point me in the right direction.
We have a small business in construction that's starting to take off and get pretty popular, on top of that we're hoping to start government contracts...
I want to learn everything from every aspect from the bottom up. I've taught myself a lot but I need and am eager to learn so much more...
What do you suggest? I don't know where to start!
W/o paying a buttload of money 🙏
I've been learning to code since like 2 years but took it very slowly but now I am taking it seriously, if you need any project without a deadline to be coded hmu I'll be happy to do it I'm learning several languages and frameworks
It's like a search engine, but instead of general web results, it finds specific conversations and discussions on platforms like Reddit, Quora, Twitter, Stack Exchange, and more. You can even add custom URLs to crawl sites like Facebook or LinkedIn. You can set date filters and get up to 50 targeted results all for just $29. It's perfect for market research, idea validation, or discovering what people are talking about in real-time. For example, if you have a fitness app, simply type 'people looking for a good fitness app,' set the date to today or this week, and instantly see real-time conversations where people are discussing fitness apps. This way, you can directly engage with potential customers. What do you think about it and the price point?
Hi peeps,
I plan to roll our a new potential sale system for a university group project, we're trying to develop a one for all point of sale system that will work for hospitality, retail and even work with invoicing payments and ecommerce. We want to build something that does everything including merging customer and supplier invoices/receipts, merging multiple POS systems a business use and reports to one centralized digital platform, as well as categorization of all receipts.
Looking for your thoughts :)
I’m registering for a california sellers permit and the application is so confusing. I’m currently being prompted to enter my NAICS code. I sell prints on Etsy and am going to be a vendor in a holiday market in december, where I plan to add other products to sell such as jewelry and apparel. So first, and please correct me if i’m wrong, I believe I can use more than one NAICS code and think the best ones would be to use 454390 for temporary vendors and then 454110 for the Etsy part. However, when I try to enter these codes or key words (market, vendor) nothing pops up in the CDTFA application for me to add in to the application. I am just so frustrated and would appreciate any help
I have heard people say we should look what we are best at/enjoy doing and make it your business. The problem with me is - I cannot think of anything I could come up with based on what I like/best at. I love learning. If studying was a job, I would not need to worry about money lol. Mostly, I enjoy learning about humans, the way our body works, skin care, food, etc. But how can I make it my business?
Hey all! I need some advice about trademarks.
I’m building a web app, and I recently discovered that a US-based startup tried to launch an app with the exact same name about four years ago. They trademarked the name, but it seems like their app didn’t get far – no one knows about it, and there’s barely any activity around it. I’ve already secured the .com domain for my platform, but all the social media handles are taken by them, which is a real pain. My questions are:
I’m a complete newbie to this stuff and I have no idea how trademarks work in cases like this. Could their trademark affect my ability to use the name? Can I request to take over the trademark? When is it considered abandoned?
Is there a way to get those social media handles back? If they’re inactive, is it possible to claim them?
Should I worry about trademark conflicts if I push forward with this name?
I’m hesitant to reach out to the founder of the app as I don’t want to put a target on my business. They might say that it’s ok and then take legal action once it takes off.
I’d really appreciate any advice or experiences, especially if anyone’s been in a similar situation!
Hey, I’m Andrian, I’m 18, and last year I was spending hours every day making personalized outreach videos for clients. My co-founder and I thought, “What if we could automate this?” So we built a tool that made it way easier to create these videos. People loved it, and we eventually hit $8k in monthly revenue. Then we got offered $200k to buy it, and we decided it was the right time to exit, so we split the deal.
Since then, I kept coming back to new ideas. I noticed a lot of people on Reddit talking about the struggles of growing their businesses, so I’ve been working on a new tool to help with Reddit growth. We’re two weeks from launching the beta and already have 400+ people signed up to test it out.
If anyone’s interested in the Reddit tool, let me know in the comments! Happy to answer any questions about the journey.
Hello,
I want to register my business in US and but have no idea about anything at all, like should I register a LLC or S corp etc. Basically it's a digital marketing business(lead gen) and I will probably hire 5-10 people in the future so what would be the best "category" for this?
I have googled and there's 100s of websites and companies that offer US registration with address + bank acc + taxes help etc but I don't know what type to choose and which company to choose.
Any kind of help is highly appreciated.