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Lyinx

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Do you get 1% when you join for one month? What happens to your 1% when you quit the monthly payments?
**** Biophase, I'm trying to find all the loopholes, looks like I missed one :)

I believe it's covered under the,"if we find a viable business idea, then we each invest $1,000". But good point, want to see what the answer is.

Also, since we opened that can of worms...
you said we would limit the "buy-in" to 3 months payments of $20 each (so, $60 is what we're paying your company to find a project to buy into)
What happens to the guys that pay the $60, but then when you have an idea and share it with them, they're not interested? You went into looking for a biz that takes $100k, but end up having only 75k to invest. Do the others put more in? or do you need to find more people (have a wait-list of people waiting to invest? pay $100 one-time fee to be put on the wait list and hear info before buying in (if there is an opening at the table?)
 

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Lyinx

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DaCoop (The Co-Op) only gets paid when the businesses it owns shares in get paid.

So if 1 of the companies makes $100k/month and DaCOOP owns 1% - then we'd get $1k.

If the company doesn't make profits, then neither does DaCoop.
Add that small detail to the website
We want quick results.
Add that small detail to the website. Every investor wants quick results.
Thank you. I feel like you're enjoying this, quite a bit.
Yup, guilty.
Nah, we want to build real viable businesses. We're not here for charity shit.

We gotta earn it. We'll own 1% and only get paid 1% of the profits just like everyone else.
Add that small detail to the website.


Basically, your business will do the following:
1. invest the same amount as every other person
2. spend the time to find a deal worth about 100K
3. only charge $60 (3 months x $20) to find said deal
4. use (mostly) other peoples money to finance the deal

Your company might make $60 (or might make $0) depending if you have a deal lined up before hand or if you need to find it first, and how much time and money you spend looking for the idea/validating the idea.

Where do I sign up? :)

Legal matters: what happens if the company starts up and goes bankrupt? if its still owing money, do you come after the investors?
What would be the definition of losing money? at what number? you can make $10,000 sales/month and still be losing money, so needs to be profit based (after all expenses) and depending on the business, you'll be restocking only once a year, so will lose $$$ heavy at that time, and then do good in the rest of the year.
 

MaxKhalus

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Do you get 1% when you join for one month? What happens to your 1% when you quit the monthly payments?
I'm going to change it to a 1 time payment of $50.

Which would be the equivalent of 2 & half months payment.

I'm scrapping the subscription part.

Also just because you subscribe or pay $50, doesn't mean you own 1%.

You'll own 1% once you invest $1k.

The $50 fee will be used to sniff out business opportunities and carry out market research and viability studies on the ideas.
 
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**** Biophase, I'm trying to find all the loopholes, looks like I missed one :)

I believe it's covered under the,"if we find a viable business idea, then we each invest $1,000". But good point, want to see what the answer is.

Also, since we opened that can of worms...
you said we would limit the "buy-in" to 3 months payments of $20 each (so, $60 is what we're paying your company to find a project to buy into)
What happens to the guys that pay the $60, but then when you have an idea and share it with them, they're not interested? You went into looking for a biz that takes $100k, but end up having only 75k to invest. Do the others put more in? or do you need to find more people (have a wait-list of people waiting to invest? pay $100 one-time fee to be put on the wait list and hear info before buying in (if there is an opening at the table?)
It will actually just be a 1 off payment of $50 instead of $20/month subscription for 3 months.

That's not how things work.

We have a group chat about all the ideas we have collectively first.

Then we vote on the best ideas generated / put forward by the members.

And the best ideas are then researched further and have viability studies done against them carried out by a 3rd party research marketing company.

And depending on what the research marketing company says we either vote on and decide to move forward with one of the ideas.

Or we go back to the drawing table and come up with some new ideas through group discussion.

If some people don't want to invest they get kicked out of the consortium / Co-op and are replaced with people on a waiting list - or we move forward just the $75k and those that want to own more shares can do so I guess.


I'm just throwing out options, but in the end it will be up to the GROUP / COLLECTIVE to decide what we do.
 
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It sounds like LinkedIn or Mentormate, but more specific.
Nothing like LinkedIn. That's a social network platform.


Our purpose is to partner up with each other, find viable business ideas, build a MVP and get the business off the ground.

------

Not familiar with the mentor mate, not here to mentor anyone though. It kinda seems like an agency that you outsource work to. Not at all what I'm trying to build here.
 

Lyinx

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Again, me, with the legalese:

What is the buyout (if) the business goes slightly south, or I start disagreeing with some things and decide I want out. Can I sell out my share to other members? Is there a set price / pricing formula or we need to figure that out?
Can I sell it on the open market (to anyone) and do they then have voting rights?

NDA should be a standard thing, but could be a serious problem if you have people from other countries.

Non-competition agreement should be standard but is VERY difficult to enforce, even locally, much less internationally. Due to having insider knowledge an investor could (potentially) disrupt/destroy the business.

What happens if you have a split vote (50/50)? is there a set in-between person? or agency? or does DaCoop get an extra vote if/when it happens to decide (I'd call that a good vote, IMO)

How about if the vote gets cast and someone figures out a serious flaw in the logic of it, do they re-vote at that point? or the decision has been made, we move forward. (If I would not like a certain decision, I'm sure I'd find a new "problem" with it, and call for a re-vote, unless that was forbidden.) Suggestion, if something is approved, the plan goes ahead, any problem with the decision gets decided at the next voting session (weekly voting sessions?) as a new discussion/vote.

Keep voting to a certain time of the week/month, you'll get more responses that way (instead of a vote needing to be done every other day)

Just picking things apart, I like the overall idea and really curious how it would work out.
 

Lyinx

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Also, really curious how it would be handled in the scenario that the company needs an injection of cash, or it will go under, and the vote is made to put more money into it, but one of the "shareholders" doesn't provide the cash? This needs to be answered on the legal side of the business paperwork before anything gets set in stone (just my opinion)
 

StillGrindin'

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Things I'd change:
1) The size of the navbar once it becomes fixed. Personal preference, but it tight
2) Increase the font-size all over
3) Increase the header size on your hero section a lot more to better grab attention
4) That peach image you have as the background for your hero section I feel clashes with the magenta. That needs to go imo.
5) The text-color you have the plan part is more difficult to read. Why not white to make it more congruent and readable?
6) Would redesign the entire footer. I feel like it can be shrunken down by 2/3's.Would get rid of the about at the bottom since it is redundant and doesn't belong there. Your about also links to your brief description in your hero/ showcase section. That's a big no-no, and you should read Cashvertising to find out why. You should have a separate about page with your mission statement, values, goals, etc. At least from a copywriting perspective, since it's statistically proven to increase conversion. Would also use a white text-color for better readability and use icons for socials. Would change the position and display flex with space between to float them out left and right.

Just some of my thoughts. Not a pro web designer or anything, still trying to get this skill dialed in myself.
 

biophase

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So it's basically $50 to get into a group which is a incubator for a business idea. Once the idea is formed, it is $1000 to join into an LLC that will create the business idea.

I think the main issue is that nobody is in charge, unless you have your LLC in control of the decision making. Who is going to manage the money? Who has access to your bank account?

I just don't think this will work out well. You will get alot of newbies in your group and no veterans. Can you imagine how 50 newbies would manage $50,000?
 

sparechange

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So it's basically $50 to get into a group which is a incubator for a business idea. Once the idea is formed, it is $1000 to join into an LLC that will create the business idea.

I think the main issue is that nobody is in charge, unless you have your LLC in control of the decision making. Who is going to manage the money? Who has access to your bank account?

I just don't think this will work out well. You will get alot of newbies in your group and no veterans. Can you imagine how 50 newbies would manage $50,000?
A beautiful office, the finest italian leather office chairs and business cards, LOTS of them! Maybe even a leased Benz
 

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OP
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A beautiful office, the finest italian leather office chairs and business cards, LOTS of them! Maybe even a leased Benz
LOL.

As I said before, I want to set up a framework and system - so that people don't just do whatever they want.

So they don't just come up with random ideas that can't scale etc.
So they don't use the money enrich themselves (i.e buy marketing from my marketing agency ...) etc.
 

Sethamus

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I would figure out how to get a core group, maybe initial investor from this forum, to come out with a potential business idea every so often depending on user base. So you would be having a few experienced and maybe some inexperienced partners from the get go and be a board for each business. Split even down the middle and keep the group to less than 10. These initial people along with yourself own together whatever percentage you want to allocate - 1% to 10% of every business started and will have to put in $1000 dependent on percentage owned.

Say you get 3 great ideas to start or even a business to buy that takes $100k. You create a sales sheet and then people can pay whatever you want to read the highlights or maybe read the highlights for free. $20/mo or a fixed fee allows more working knowledge of the business opportunities where they can actually look into each business idea. $1000 per 1% share capped at 90-100 people who have a private group for that particular business to discuss, vote, and execute. The board always has final say on decisions if the majority do not agree in a direction to go.

What do you think?
Say I paid the money to see each business deal and liked all 3. I would then pay $3000 to join all three and get to contribute.
 
OP
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I would figure out how to get a core group, maybe initial investor from this forum, to come out with a potential business idea every so often depending on user base. So you would be having a few experienced and maybe some inexperienced partners from the get go and be a board for each business. Split even down the middle and keep the group to less than 10. These initial people along with yourself own together whatever percentage you want to allocate - 1% to 10% of every business started and will have to put in $1000 dependent on percentage owned.

Say you get 3 great ideas to start or even a business to buy that takes $100k. You create a sales sheet and then people can pay whatever you want to read the highlights or maybe read the highlights for free. $20/mo or a fixed fee allows more working knowledge of the business opportunities where they can actually look into each business idea. $1000 per 1% share capped at 90-100 people who have a private group for that particular business to discuss, vote, and execute. The board always has final say on decisions if the majority do not agree in a direction to go.

What do you think?
Say I paid the money to see each business deal and liked all 3. I would then pay $3000 to join all three and get to contribute.
Good idea.

Although that goes against the rules of the forum.

So sadly I won't be working with members from here (such shame).

I'm going to make it a $50 1 time payment.... we wait until we have 100 members, then we start to discuss ideas.

We move forward on the top 3 ideas.

Hire a 3rd party to look into the top 3 ideas so more see where the opportunities lie, what the landscape is like, viability etc.

Then based on the info we get back, we choose 1 of the 3 ideas to move forward with.

We must be monogamous with 1 idea / business and see it through. Once we've automated the business, then we can do move forward with one of the other 2 ideas - if they are still viable or go through the process and find 3 new ideas and choose the best one from those 3 new ideas to move forward with.

Quite simple and straightforward.

I don't want to over-complicate things.

I'll give you guys an update once the new site is ready or I have news.
 
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New website is coming along. www.dacoop.com

Its 95% done. I think I'm gonna personalize it a little bit more with some unique/branded/edited pictures (not of myself lol).
 

SchenkFinancial

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Let's make a test: if we removed the company name Dacoop and the Dacoop logo from your website, would people still know that it's you or could it be any other company in your industry?

I can only talk from my personal point of view right now but I personally would still know that it's you since I've never seen a business model launching a joint venture partnership with 99 other digital marketers. So, from the USP point of view, you already have something unique, which can be assessed overall as positive.

Your marketing strategy is customer and problem/solution focused, addressing people tired of online ventures that never go anywhere. That's definitely the correct approach.

I don't want to pass judgement on the market need. Maybe you could hire an influencer in the entrepreneurial market to post your service, evaluate the response and figure out what the market thinks about your idea.
 

StillGrindin'

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New website is coming along. www.dacoop.com

Its 95% done. I think I'm gonna personalize it a little bit more with some unique/branded/edited pictures (not of myself lol).
Website looks 1000x better with this template vs the bootstrap stuff on the old site. Very clean, very slick, very quick. Just wanted to congratulate you on the improvements and quick turn around.
 
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Let's make a test: if we removed the company name Dacoop and the Dacoop logo from your website, would people still know that it's you or could it be any other company in your industry?

I can only talk from my personal point of view right now but I personally would still know that it's you since I've never seen a business model launching a joint venture partnership with 99 other digital marketers. So, from the USP point of view, you already have something unique, which can be assessed overall as positive.

Your marketing strategy is customer and problem/solution focused, addressing people tired of online ventures that never go anywhere. That's definitely the correct approach.

I don't want to pass judgement on the market need. Maybe you could hire an influencer in the entrepreneurial market to post your service, evaluate the response and figure out what the market thinks about your idea.
Design wise, it might not be that memorable - that's okay for now. I can always work on that down the road.

I wish I could find an influencers to help me get the word out, sadly I doubt anyone will do that without something of equal value in return. And I'm not sure what I could give them that would be of at least the same value.

I've been reading about the strategy of building an audience first here on the forum - so I was planning on going with that approach. I've already written 2x2000 word articles that I've turned into mp3 recordings, and I'm in the process of turning into video as well. I'm planning on posting the videos to FB and buying 10,000 views.... and seeing how people respond.

Only issue now is that FB banned me about 2 weeks ago for promoting a CB affiliate offer.Urggh

Website looks 1000x better with this template vs the bootstrap stuff on the old site. Very clean, very slick, very quick. Just wanted to congratulate you on the improvements and quick turn around.
Thank you sir, I was lucky to come across a guy from Eastern Europe that talked the talk and walked the walk. Did a banging job if I may say so myself.

:) If anyone needs his link, send me a msg. he deserves some free word of mouth marketing.
 

SchenkFinancial

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I wish I could find an influencers to help me get the word out, sadly I doubt anyone will do that without something of equal value in return. And I'm not sure what I could give them that would be of at least the same value.
The equal value in return would be money. Maybe you can check out websites like iFluenz, Intellifluence, Whalar and Klear. Search for an influencer whose followers offer good insight into the demand of your target group.

Most Instagram users with 500k+ followers promote products and services for a small fee. You can reach thousands for, literally, pennies and immediately discover if the market wants your service.
 

Sethamus

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Liking the new look a lot. When you talk about business potentials and type of investors I would replace drop shippers possibly with something more general. Some people might see that and be like "well I'm private label or don't drop ship so this isn't for me".
 
OP
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The equal value in return would be money. Maybe you can check out websites like iFluenz, Intellifluence, Whalar and Klear. Search for an influencer whose followers offer good insight into the demand of your target group.

Most Instagram users with 500k+ followers promote products and services for a small fee. You can reach thousands for, literally, pennies and immediately discover if the market wants your service.
Looking into that, which one of those would you recommend?

Intellifluence seems kinda interesting.

Only thing I don't like about TikTok or Instagram is that you can't really place your clickable link in the post.

I've contacted a few admins on facebook of large pages to see if they'll let me post for a fee or something.

Liking the new look a lot. When you talk about business potentials and type of investors I would replace drop shippers possibly with something more general. Some people might see that and be like "well I'm private label or don't drop ship so this isn't for me".
Thanks for the tip - I guess "Online Entrepreneur" would get the job done and not alienate anyone.
 

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I've managed to get 6 people to join - by talking to people 1 on 1... but its not scalable and very time & energy consuming.

Need to find whale (influencer) to join us - and have them bring in 30 or 50 or 90 people with him/her.

So I've been contacting a few whales to see if anyone might be interested - so far no luck. Just 1 responded but they wanted $500 for a post or two on Instagram.
 

Departed

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just ridiculous...sounds more like a teenager day dreaming (sorry)...do you know how complicated/expensive it is to form a solid legal basis in such a scenario?

The funniest thing is, your "How it works" does not even make sense:

Step 3 you hire an independent 3rd party research company - from which money? the 50 USD membership fee? :D
Step 5: you hire a project manager to build a MVP - from which money?
Step 6: Marketing agency - from which money?
Step 8: everybody chips in 1k

Funny because before getting to the 1k investment everybody must have already spent thousands ;)
 

AdamSerk

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I've managed to get 6 people to join - by talking to people 1 on 1... but its not scalable and very time & energy consuming.

Need to find whale (influencer) to join us - and have them bring in 30 or 50 or 90 people with him/her.

So I've been contacting a few whales to see if anyone might be interested - so far no luck. Just 1 responded but they wanted $500 for a post or two on Instagram.
I guess you'd have to contact entrepreneurial Instagram account. This can be done free by commenting with dacoop IG account and try to get attention from UK entrepreneurs.

I like the idea and would like to help, how can we connect?
I live in Enfield, London.
 
OP
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just ridiculous...sounds more like a teenager day dreaming (sorry)...do you know how complicated/expensive it is to form a solid legal basis in such a scenario?

The funniest thing is, your "How it works" does not even make sense:

Step 3 you hire an independent 3rd party research company - from which money? the 50 USD membership fee? :D
Step 5: you hire a project manager to build a MVP - from which money?
Step 6: Marketing agency - from which money?
Step 8: everybody chips in 1k

Funny because before getting to the 1k investment everybody must have already spent thousands ;)
 

Yzn

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Wait.

There's a conspiracy here.

"Approx. $1000 per member, so the new startup has $100k in startup capital. "

Member name: @100k


Yeah. It was all pre-planned. This man is gonna run with the money.
 

SchenkFinancial

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Looking into that, which one of those would you recommend?

Intellifluence seems kinda interesting.

Only thing I don't like about TikTok or Instagram is that you can't really place your clickable link in the post.

I've contacted a few admins on facebook of large pages to see if they'll let me post for a fee or something.
With Intellifluence you can, for example, adjust filters to increase or reduce the pool of potential influencers by defining your specialties, targeted countries, mininum audience size, maximum audience size.

MJ mentioned Intellifluence in Unscripted. They offer pricing plans from $99 up to $599 per month, depending on the number of campaigns,etc. you have in mind.
 
OP
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With Intellifluence you can, for example, adjust filters to increase or reduce the pool of potential influencers by defining your specialties, targeted countries, mininum audience size, maximum audience size.

MJ mentioned Intellifluence in Unscripted. They offer pricing plans from $99 up to $599 per month, depending on the number of campaigns,etc. you have in mind.
We are 8 members right now.

We had a vote Monday and decided to just get to 10 members instead of 100.

So we probably won't be doing any influencer marketing to get the last 2 members.

However, I'm working on another project on the side - and I plan on buying some tiktok shout outs for that project.

I'll see what results I get from that.
 
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Got tired of trying to recruit the last 2 members, so me and another founder decided to buy those last two spots.

We're voting on ideas this Monday and choosing 1 or 2 to build a MVP around.

Otherwise no real news... though got some positive feedback loop;

 

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