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  1. jesseissorude

    Designed a Product for a Company to Make and Sell - What % of each sale should I ask for?

    Eek! I don't know. It is something that I never have to touch again if I don't want to, so it's about as passive as income can get. If I'm getting 5-10% on every sale they make on this thing for years down the line, I'll be pretty freakin' happy. I'd estimate this product will be in their...
  2. jesseissorude

    Designed a Product for a Company to Make and Sell - What % of each sale should I ask for?

    It's an electronic circuit that I designed using their parts. Yes. After designing the product for them, I don't have to do any fulfillment on my end. I'm not the one who fills the baggies, I'm not the one processing the orders, and I'm not the one shipping them out.
  3. jesseissorude

    Designed a Product for a Company to Make and Sell - What % of each sale should I ask for?

    They are carrying it on their website and doing some marketing for sure, but I am going to definitely drive traffic to it as well. That's why I sort of think it falls under the category of licensing. I designed it, and they get to use my business' name, logo, etc when selling it.
  4. jesseissorude

    Designed a Product for a Company to Make and Sell - What % of each sale should I ask for?

    An electronics component selling company asked me to design a kit for them to sell. They sell all the components and would just bag up the kits and stick in instructions and sell it. No work on my end, but the product would have my brand name on them. What percentage of the profit should I...
  5. jesseissorude

    [RANT]: Raise the minimum wage! This is so unfair!

    GOLD! EXECUTION 
    Poverty rates are calculated and published. A quick google can help you find the levels for each year. So what do you recommend she do with her kids?
  6. jesseissorude

    [RANT]: Raise the minimum wage! This is so unfair!

    GOLD! EXECUTION 
    I'm going to take the contrarian opinion, just because I love to ;) I actually LIKE the minimum wage. If the poverty line is $24,250 for a single mother family with 2 children, then she has the right to be able to earn that much with a 40 hour work week, even if she is doing the most basic job...
  7. jesseissorude

    "I Will Teach You To Be Poor" by Ramit Sethi

    HOT! 
    This! I've had friends ask me how to get their finances in order, and I give them IWTYTBR. Seriously, I've probably given out 5 copies to friends. No, it won't make you a millionaire overnight, but it's what most people need to hear. Don't have debt, automate all your bill paying, automate...
  8. jesseissorude

    INSTAGRAM - Where do they get it from?!

    MINDSET SOCIAL MEDIA 
    oof honestly, best of luck to you, but god damn you're going to compete with every ding dong out there with a motivational IG just trying to get likes. Likes don't pay the bills. Why not find a problem all your customer niche share and solve that? For example, was your background? Do you...
  9. jesseissorude

    INSTAGRAM - Where do they get it from?!

    MINDSET SOCIAL MEDIA 
    Stock image photo sites. Depositphotos <------ AppSumo currently has a deal for this one at http://www.appsumo.com/depositphotos-2016/ StockUnlimited iStockPhoto GraphicImages ... TONS more Here's a blog post of 21 free image sites: https://bootstrapbay.com/blog/free-stock-photos/...
  10. jesseissorude

    Sales = Validation?

    DON'T compete on price. Your beats are the shit, aren't they? Don't charge WalMart prices for a Louis Vuitton track. If the standard price range is $19.99-$24.99 and you are charging below that, people will think you are a discount option that isn't for serious artists. You mentioned above...
  11. jesseissorude

    What would you put in a 1700 Sq foot space

    WINNER! Sell tie dyed shirts and Chinese finger traps. The stoney baloneys will be entertained for hours.
  12. jesseissorude

    How did you find your industry??

    HOT! 
    Start with the customer. Who is a community of people that you would wake up every day excited to help? I'm an electrical engineer with an extensive background in rapid prototyping and digital design... so I was pretty much always going to make electronic doodads to sell. But--without...
  13. jesseissorude

    How Would You Get $10,000 in 30 Days?

    HOT! 
    reminds me of the Amway shills who are trained to believe that anyone disagreeing with them or calling their business a pyramid scheme is "pissing on their bonfire" /threadjack
  14. jesseissorude

    I skipped work today

    RANT 
    dude, wtf Part of becoming one of those successes you look up to is being the kind of person who keeps the commitments he makes, whether or not you are feeling up to it in that moment. Don't ever think that you are "above" a particular job just because you think you are destined for better...
  15. jesseissorude

    Is creating an LLC worth it?

    For sure. It's super cheap, and even if you never make anything of your company, the most you'd be out is the $300 (I think 800 in California) fee. But is there also a way you test your idea on a smaller scale to make sure the customers will be lined up? Can you think of just 5 people that...
  16. jesseissorude

    What do I do with my 401K and Roth IRA?

    INVESTING 
    They are not good methods to BECOME rich, you are right, but they do protect your money if you don't know what else to do with them. If your only other option is to cash it out and take a huge tax penalty, then don't do it. You want to talk about slowlane: I had a friend who's boyfriend...
  17. jesseissorude

    Oh yeah thanks for the feedback! I'm using one of the stores I wholesale through as my sales...

    Oh yeah thanks for the feedback! I'm using one of the stores I wholesale through as my sales site while I mess with woocommerce stuff :)
  18. jesseissorude

    Is electrical engineering a good major for entrepreneurship?

    EXECUTION 
    I'm late to this thread but my answer is "F*ck yes!" I'm an EE and I emphasized in digital design and rapid prototyping. I started a business designing music-related electronics and wholesaling them to music stores. No alibaba and white-labeling Chinese products for me to resell on amazon. I...
  19. jesseissorude

    What's your Lambo? What's your WHY or PURPOSE?

    NOTABLE! CHAT 
    Holy shit, dude. I can honestly say I hope with every fiber of my being that this happens for you (and that you give me a call when it's time to leave port ;) )
  20. jesseissorude

    What's your Lambo? What's your WHY or PURPOSE?

    NOTABLE! CHAT 
    That's a big one for me too. Cliff diving in Bolivia is something I'd never do, but I want to be able to at the drop of a hat if I ever changed my mind. When I had a normal job, that would have been out of the question. I had 2 weeks off for vacation that I had to stuff all my hopes and...

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