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  1. Davejemmolly

    My marketplace bootstrapping strategy: what are your thoughts?

    MARKETING 
    Deleted this comment - as Original Poster is further along than I originally thought (and offered advice for) Embarrassing!!
  2. Davejemmolly

    My marketplace bootstrapping strategy: what are your thoughts?

    MARKETING 
    I think Andy is on the money here. Firstly, you need to validate the service, by getting a home owner with an issue to upload the video. Once you have a problem, you can manually do the leg work to call a tradie to offer to send them a lead for free. As Paul Graham from Y Combinator once said...
  3. Davejemmolly

    How do you keep from feeling overwhelmed on the entrepreneurial journey?

    MINDSET 
    Imagine your journey to Financial Freedom was a movie and you walked in 15 minutes late.. would you stay to watch the rest, or just walk out? The best time to plant a tree was 20 years ago, the second best time is now (Chinese Proverb)
  4. Davejemmolly

    Web 3.0 - The new corner of the internet and how you can profit from it

    IDEA CRYPTO INVESTING 
    From what I understand (definitely not an expert) Web3 and the Metaverse are different things. The metaverse being an online digital world. Web3 being the based on the blockchain (which supports crypto / nfts etc) There are certainly some overlapping functions, like your example of owning a...
  5. Davejemmolly

    NEEDING ADVICE ON DECISION

    IDEA 
    Sweat equity as you call it, in this context is just another name for a vesting schedule. You wouldn't give someone 20% of your business, and then they quit after 3 months, then you've still got someone owning 20% of your business while he's off doing something else, and you're still working...
  6. Davejemmolly

    NEEDING ADVICE ON DECISION

    IDEA 
    Hmm.. continue to build a dime a dozen ecommerce play on a platform you don't own and can't control, versus a 20% stake (plus salary) in a business that makes money when you're not there.. did you even read any of the books this site is based on?
  7. Davejemmolly

    Helping Farmers!

    IDEA 
    Every location is different, but you'd want to have either insane domain knowledge or ridiculously deep pockets to pull this off. The cost of fertiliser alone has tripled in 12 months in Australia, and its not uncommon to hear of farmers spending $1,000,000 a year on fertiliser alone. It...
  8. Davejemmolly

    I am looking for a Web designer

    MEETUPS 
    What kind of business is it? I only ask, as this will likely affect the kind of developer / website you need. Ecommerce has a bunch of 'drag and drop' templates (shopify etc) A web developer will help you with some more complex public facing website design If you need a more bespoke software...
  9. Davejemmolly

    Equity Split Between Co-Founders

    Is your business profitable? Another way to look at it is what percentage of your time you’re currently / projected to spend in the business. At somewhere near a 50 / 50 split, then you should both be putting in similar levels of hours in. Whatever you decide, make sure you build a vesting...
  10. Davejemmolly

    Branding a bit too similar? Need some opinions.

    I suspect by asking the question, you already know the answer. If you're worried about it being too similar then it probably is. I'd be inclined to change it now. Why give someone an opportunity to take pot shots at your business down the track, and potentially lose momentum / traction...
  11. Davejemmolly

    MLM Referral Link Software?

    MARKETING 
    I'm about to implement Referral Rock into my site. It allows customers to easily refer through all mediums. I'm planning on paying my referrers, but I'm sure it will work regardless. Cheapest package is $200 per month though, so I guess it depends how much you really want to know the answers...
  12. Davejemmolly

    Are you ignoring the gold right in front of you?

    HOT! MINDSET 
    Do chefs actually get up at the arse crack of dawn to source fish etc from the markets? Or is that just a thing on celebrity cooking shows? If chefs actually do that, that seems a no brainer service to offer, particularly if you are a fellow chef with a good eye for quality etc. Shouldn’t be...
  13. Davejemmolly

    Anyone in the Alcohol Liquor Business?

    I feel you might have put the cart before the horse here. One would have thought that doing some research around how to import / distribute in your target market and likely sales volumes might have been prudent BEFORE you bought the distillery! That said.. good luck!
  14. Davejemmolly

    Do You Want To Learn Facebook Ads For E-Commerce?

    MARKETING 
    Let us know if you get off the ground. I’d definitely be interested in the course!
  15. Davejemmolly

    Do You Want To Learn Facebook Ads For E-Commerce?

    MARKETING 
    My only initial question is around the sustainability of the model. Assuming 6 lessons per month, how much could there possibly be to learn about how to run Facebook ads? How are you going to keep customer engaged with a monthly subscription? Maybe rethink your model to offer say 12 quality...
  16. Davejemmolly

    Overall Look at a Local Service Business

    EXECUTION 
    Obviously it’s hard to say without knowing what the business is, or any idea of the margins. But in an increasingly advertising saturated world, personal word of mouth recommendation is king. I’d seriously consider if you can build in a double sided referral program, ie you refer a friend, you...
  17. Davejemmolly

    Rest In Peace. David Koch.

    OFF-TOPIC 
    I’ll rephrase. Part of the family that turned a successful, though one product company, into Koch Industries. My bad for overstating his achievements.
  18. Davejemmolly

    Rest In Peace. David Koch.

    OFF-TOPIC 
    I know very little about the man, or their various companies, however Tim Ferris recently interviewed Charles Koch on his podcast, which, besides being interesting (hearing self made billionaires speak is always interesting), it explains some of their philosophy regarding investment and causes.
  19. Davejemmolly

    Please help - developer asking for more after mostly done

    FTE 
    For the sake of $300 is it worth the pain / heartache of not getting the product finished. Just pay them, and ask them to get cracking on it ASAP! To be honest, it’s not really like the $200k vs $300k argument. You’ve probably wasted $300 worth of time worrying about it already!
  20. Davejemmolly

    What business would you start if you had a ranch?

    HOT! SIDE HUSTLE 
    a 5 second google search would have found HipCamp, which bills itself as the AirBNB for camping. Jason Calacanis interviewed the founder on his podcast, and is definitely worth a listen if you’re considering it. Most definitely the easiest and cheapest way to monetise your land, which might...
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