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Search results

  1. A

    Buying an hotel with a loan

    castman, I'm all for taking on debt to acquire cashflowing assets. That said, if you have to ask this question (both how do you do due diligence on a hotel and what would be an optimal loan term), you shouldn't do it. I'm going to make assumptions based on your two line post, so sorry in...
  2. A

    Amazon is Going to Slaughter Your Brand

    HOT! 
    Amazon jumped into supplements in March 2017: TechCrunch-AmazonElements In the last 6 months the number of decent sized private label product Amazon businesses I have noticed come up for sale has been increasing (net incomes of $100K-2million). Asking price multiples have been rising at the...
  3. A

    Are there laws around saying your product is "The world's best".

    I think it doesn't matter because you shouldn't use the phrase anyway. It doesn't do a strong job of compelling a customer because it isn't specific and it is easy for anyone to make the claim. Instead, show exactly the benefits you provide that make you think it is the best.
  4. A

    [Progress] Sanctus Nutrition - Supplement Company (and first real entrepreneurial pursuit)

    NOTABLE! 
    I sell a consumable product. Some things that have worked well for me: - I concentrate on direct to consumer sales via my site and Amazon. I've found retailers to be expensive, time consuming, low margin, energy drains. - I make sure the product has strong differentiation and I put that front...
  5. A

    Restaurant biz

    A little late to the party, but I'd like to poke your brain with an alternative perspective. I have no experience in restaurants. I do have experience looking at tons of businesses for sale (and owning a couple). One major hang up with restaurants where they own the real estate is the...
  6. A

    Physical Products can be NECSTY

    HOT! 
    As someone in specialty food as well, there are some other benefits - recurring purchases and high barriers to entry (especially in perishable food.) In addition, I have managed to generate a couple million in sales all direct to consumer via sites, rather than through wholesalers. This keeps...
  7. A

    How much money is needed to live comfortably for the rest of my life?

    EXECUTION 
    Everyone will have a different number. It is important to make clear whether you are talking about total equity, active income, or passive income. This is the roughest way to calculate it (if thinking in terms of equity generating passive income so you don't have to work): - how much income...
  8. A

    Business Loan

    PEOPLE 
    You are getting help. You just aren't getting the response you wanted. Others are answering the question you should be asking rather than the question you did ask. The reason is a) the advisor is right b) you shouldn't start an affiliate business with a loan (unless you are an experienced...
  9. A

    Extreme Lesson on Leveraging Debt

    I like debt. I didn't see a lesson in this video. Or at least, the lesson wasn't the difference between how the rich and the poor see debt. Instead it was just a description of how dire Trump's financial situation was at one point. When he was 8 billion in debt and didn't have the cashflow...
  10. A

    ? On Business Debt, Debt Coverage, Debt/ Equity Ratio

    The debt scenario you described is one of acquisition debt. Therefore, the most important thing isn't the debt/equity percentages of the deal, it is the debt coverage - and that is driven be the EBITDA multiple. You indicate the SBA wants a debt coverage of 1.2. Therefore on a $1 million...
  11. A

    Idea Validation - Exit popup's?

    IDEA 
    I like your testing. The low conversion rate might be due to your offer and your marketing, not your product or service. In addition, for a lot of sales, it is no longer about Click>Buy. It is See You Around>Click>Sign Up for Newsletter>Get Some Valuable Information>Get Some Valuable...
  12. A

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    Core business is in perishable products - a blessing and a curse (lots of repeat business, high barrier to entry, but difficult to store and ship). I only list about 50% of available on SKU's and in our marketing materials for Amazon customers we stress the availability of additional varieties...
  13. A

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    Combination of others products and my own, but mostly my own branded products. I've always concentrated off Amazon because I got started before Amazon ever offered selling on its site and I self fulfill (my products don't work well with FBA.) I send all traffic to my own sites and don't work...
  14. A

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    biophase, Nice thread! Couple more months and it will be a 2 year long AMA. My question is a little different than others. I own a couple of e-commerce businesses selling physical products, each with seven figure sales. I also do a small amount of sales on Amazon (low six figures). Most of the...
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