dansyd1

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  • #1200010
    dansyd1
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    Laura,
    Never call yourself a terrible entrepreneur because TWO of the BIGGEST tech companies today, Facebook & Google, had no idea how they would make money when they started.
    They just wanted to release a product that was superior, and they worked out how to monetise it later.

    I would certainly fit into your field (general manager), but the idea for your website dosn’t honestly excite me.
    If your going to focus on a particular field/situation/problem each money, make it a really interesting one (e.g. bullying, strategy, marketing in certain areas). Dont be too general, there are plenty of “power speakers” or “business coaches” around doing that already.
    And if your planning on one topic a month, i would only want to visit twice a month if i was interested in that topic. Maybe have a think about that one-month timeline….perhaps…each topic lasts a month, but one starts every 2 weeks?

    #1199983
    dansyd1
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    Evening LondonLondon,

    You dont need to mention the highest level (ABC Family Trust) on the invoice.
    The only legal requirements you need to mention (regarding your post question) is an “ABN” and a legal identifier of your business name.

    So therefore this is sufficient :
    XYZ
    ABN: xx xxxx xxxx (this abn is of the XYZ Pty Ltd)

    If you have a few minutes, this link was also outline the OTHER requirements legally needed on tax invoices.

    Cheers

    #1199400
    dansyd1
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    Hi Brodie,

    What is your end goal for this company/website?
    Why I ask, is because there are already many “Deal” websites/apps operating in Australia, and to go up against them in a general way, would NOT be recommended.

    If you are serious about making your company grow :

    Website
    Buy ozdeals.com.au, its up for sale and you DEFINITELY need a .com.au domain name like Easysmb suggested, if you want to be based in aus.
    Change from WIX to a wordpress website, with a proper ecommerce plugin (SocialStep suggested Woocommerce which is great), and an inventory manager.
    SEO – only way to fix that is to move away from WIX, they are too simple.
    Pics – need to be resized for loading time.

    Niche
    Usually I think this term is overused in business, but in your case I would seriously think about it, as there are too many competitors.
    – Your based in WA, why not make it WA focused?? And smash deals for the state? (good start to get your business going, then expand into other states)
    – Focus on automative products only?? Seems like that as your original plan from your linkedin page?

    FYI,
    Google play store – the developer’s website if a generic wix email address, make sure you change this to your own.

    Marketing & figuring out a direction, would be my most important feedback to yourself.

    Goodluck :)

    #1199306
    dansyd1
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    southskies,

    Transferring costs like you mentioned…dosnt work that way.
    To keep things simple, FORGET about the company, if you havnt made any payments/lodged paperwork in the last 18months, it would be gone (Strike Off Status, then closed).

    The company you set up is a. “ENTITY”, it has a ACN and an ABN.
    The company is one person, one costs.

    Your PERSONAL ABN (sole trader) is another “ENTITY”.

    – Two seperate people (one being human, and one being a company).

    (the ABN which was setup for your company, would NOT be your personal abn, so therefore there are two different ABN’s, one for the company and one for your personal self)



    Forget about any “liability/sue” instances at this stage, its going into alot of complicated territory. If this is your base thinking for starting a business, then dont start one!
    The BEST scenario is this :

    1. Plan to make over $120,000 p/yr in revenue? Hire staff? – Company is best suited.
    2. Plan to make less than $120,000 p/yr and only yourself? – Sole Trader (ABN to your name) is best suited.

    If option 1 (company) is your choice, I would call ASIC/ATO and see if you can salvage your old company, if they say its gone, start again!

    Simples.

    #1199812
    dansyd1
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    Vesper79, just realised your product is the delta bands from the other post! :)

    Those other costs that you mentioned in the last reply (marketing, advertising, your time), take it on the chin! Every supplier has those costs to push their product.

    The other members were pretty comprehensive on getting the ball rolling.

    fair?
    I believe those prices are fair, as long as your committing to the RRP. Give the shops a bulk discount, maybe 10% if they order >10. 15% if they order >20. 20% if they order >30.
    Lock it in?
    No such thing really in the industry (unless you want an exclusive contract, and only do this is its a HUGE RETAILER like Myer/DJ), you just need to start taking orders and things are under way!
    Order form?
    You should be using some sort of accounting software (or should be soon), they have standard order forms you can customise.
    Make ordering EASY for the retailer, fax form, order email address, and even a “Dealer Login” section on your website.

    Standard 30day payment terms for wholesale. Good companies give a 2-5% discount if invoice is paid within 7days.
    Friendly reminder phone calls/emails after the 30days.

    Msg me if you need any more help.

    #1199961
    dansyd1
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    Hi Vesper79,

    Keep your chin up! Getting traction for your products can be hard and sometimes a long TIMELY journey.
    Sometimes feedback from family & friends can be “forced” positive, take it with a grain of salt.

    I have spent some time on your website and you have a WONDERFUL layout, colour scheme, pictures, interface. Its very clean, nice, and even your products are attractive. Here is some feedback :

    1. Reviews
    All reviews are 5-star, at first glanced that seems fake.
    Where are the 4-star or even 1-star?
    Verified Purchaser?? So can I comment as a non-verified purchaser?
    How do customers give you this feedback? Looks like its just been typed up by yourself.
    Honestly, “reviews” section on shop websites are slowly becoming phased out. As google for forums provide reviews. Everyone is quite aware that reviews can be falsly created, I would recommend for it to be removed. If you want feedback, create a blog section.

    2. Energy claims.
    I realise your going for a holistic empowering fashion statement, but claiming it is “infused” with delta-energy, it honestly makes me question your product and if your trying to claim is has special powers. (reminds me of that magnet wrist band)
    I did read your “about” section, and it didnt put me at ease with delta energy, stainless steal from mars??? You need to consider rewording or re-branding your product to appeal to the greater audience.

    3. Website Layout
    Reposition your menu, placing your reviews last, dont focus on it.
    1. Home 2. Products 3. Gallery 4. Reviews 5. Contact

    4. Contact info
    Your email is .co but the website is .com.au, confusing, streamline it so it matches.
    And your contact “page” is very limited, show an email address and location of your business.

    5. Product
    You have a very attractive ORIGINAL product, but the range is very limited. How about custom wording? Or matching colour earrings?
    $40 for one bracelet? what if i want two? no package deals?
    If i want 10 in a row, like the picture on the front page, it cost me $400 ???
    (trying to get you to think from a customers point of view)
    SIZE of product? Not mentioned anywhere. You must show measurements. Does it fit me without having to stretch it? is it safe to stretch?

    6.MARKETING
    Free shipping “international” is a big plus, make it SEEN on the front page.
    Google – Paul is right, when i search “energy jewelry” in only Australia, your not on the first 3 pages. You need a SEO person! As your website was built with WIX, they are not great in doing SEO.
    Social Media – GO NUTS! its free. facebook, instagram, snapchat. Do deals, birthdays gifts, Wedding couple matching gifts!!!
    Wholesale – Work out your price point, small op shops, boutique shops, jewelers,
    Market Stalls – get your name out there and honest feedback like Dave suggested.

    And lastly, sometimes you might need to give some away for free, to get the ball rolling.

    Reply if you need any clarification :)

    #1173918
    dansyd1
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    • Total posts: 16
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    Glenn,
    The product/service which you want to offer will take off!!
    But only if you do it right…

    As a manager myself, i want what you are offering, cuz after my webdesigner charged me $4,400 for a shi##y ecommerce website which honestly dosnt even work till this day, it got me very upset.
    (he also didnt offer very much “design”, which i had to go elsewhere for and bring it back to him…..)
    There is definitly a space for you to bloom.

    But its critical you get all the details right.
    Make sure you have the frontend, backend and graphic design covered.
    IF NOT, make sure you have good contractors ready at your disposal to get it done with you.

    Business want to pay someone, and have the problem SOLVED and see a RETURN.
    They dont want problems or a million questions (SOURCE: experience)

    Execute it right, and aim to make their business better.

    One hint i will give you :
    Businesses hate when web designers ask “What is your budget??”.
    Define your products, and give prices.
    Budget = They usually quote you under your budget for the same product. Dont do it!

    Btw, where are you based Glenn, im interested.

    – Daniel

    #1173719
    dansyd1
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    • Total posts: 16
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    http://www.airwaveaust.com.au

    These guys have helped me ship large items from china by boat.
    Give them a whirl.

    -Daniel

    #1173915
    dansyd1
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    Morning Glenn, Welcome!

    Good to see you have taken the leap of faith to seek your own venture.
    No doubt with your strong experience behind you, you will do well.

    What type of solo gig are you starting??
    Custom Application development? Web Databases? Cloud solutions?

    I have a programming/management background so would love to know!

    -Daniel

    #1173716
    dansyd1
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    Hi AstroBoy,
    The previous posts already answered the shipping costs.
    I personally run a company that imports equipment, and i can say from experience you never know your 100% import costs until you actually go through one shipment from end to end.

    TIPS: have a good freight forwarder/shipping company/customs agent. Shop around for good rates. Bulk = lower costs.

    Remember, you will need to factor in warehousing if you are suppling big chains in the future.

    Make sure you agree to be an exclusive distributor for Australia (and have a signed agreement on this), otherwise once you approach the big stores, they will seek out the manufactorer and go above you. (ive experienced this before).

    How do you approach?
    Small businesses are easy…..Ring them up, and arrange a meeting with the owner….Make sure you bring you A-game selling skills.

    Big department stores, you will need to get incontact with the Sourcing Manager/Procurement manager. And for these types of acounts….its ALL about the numbers and profit margins.

    Goodluck!

    -Daniel

    #1173861
    dansyd1
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    As i understand it from your post.

    This cloud based system you have created helps other BUSINESSES manage their gift/loyalty cards.
    Because its just a back-end for other businesses, your business name is not important AT ALL. These businesses will worry about it functionality, not the name.

    IF THO….the customers are going to be logging on and checking their card status, then i would suggest “Reward Mii” :)

    -Daniel

    #1173875
    dansyd1
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    Hi,

    I’m currently researching starting a new business.

    Right now, I am registered as a sole trader. I’m not sure wether I need to create one new business name or two?

    I will be selling the same product in two different industries’ just branded under two different names each for the industry?

    Seems like you need to register TWO business names.

    Am I able to create one business name and have two different websites under two different names referencing the business name? If so how do I register them correctly so the idea/names can’t be stolen?

    You can go the ONE business name if you want, but if you do, only have ONE website for both industries.
    Basically you are the ENTITY as a sole trade, and your ‘trading’ name or ‘business’ name (same thing) if what your business is called.
    If you have TWO websites, make sure you have TWO different business name.
    Remember…..registering a trading/business name dosnt protect it 100%, you will have to register a PATENT for the name, and a patent for the products to 100% protect it. (getting into the legal side is very sticky…..follow the simple steps for now).

    What is the best to do this? If I do create two business names do I need two sets of books?

    You do not need two seperate books, i would advise only one!
    To make things a million times easier for you.
    Your invoices will look like this :
    Invoice xxxx
    “Business Name”
    …..products….
    ……prices…….
    …..total……..
    John Smith Pty Ltd ABN xxx xxx xxx , trading as “Business Name”

    Same type of invoice for both industries, except the Businses name will change, and your entity name (your personal name) will stay the same.
    (Tip: if you want to remove your personal name, you must create a company)

    I hope this all makes sense, Thanks in Advance

    #1173878
    dansyd1
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    • Total posts: 16
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    im sure you mean “freelancer.com.au”.

    Ive used freelancer.com.au a couple of times for various tasks…..all i can say its a MAJOR headache.
    You really need to micro-manage the work/freelancers that come and approach you.
    50% will be rubbish, the other 50 you will have to siv through, and hold their hands through the whole process. (and no, most wont be qualified).
    If they are quoting $25-$100 like you say, it seems like a fair price to start,
    but once the project is awarded and underway, little things will come up and it will cost you more… (Source: experience)

    My honest advice is to pay a local reputable firm to do it for you.
    Having used my lawyer to do similar things (example DNA, contract agreements), the $500-$2000 range seems normal.
    I would suggest trying to achieve that budget you need.

    -Daniel

    #1173808
    dansyd1
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    Hi Huey,

    Very glad to hear you have stepped out on your own to strive towards your dream.

    Would like to offer some advice, i run a sales/service company across nsw/qld/vic so this is coming from my own experience with agencies, and our own internal HR.

    1. Your website only shows a mobile number, as a manager that is an instant red flag with me. Shows that your company is only a one-man army and cant offer me the support if i need it (if your are a one-man army, dosnt matter!! keep driving forward, but dont show that you are).
    Invest in a land-line number, or a 1300number (usually cost around $30-$40 a month, depending on your call figures)

    2. If i actually am someone who wants work? How can i register?? Offering a simple form on your website for workers to fill in, is a must.

    3. I must agree with arrowwise, your fee structure…how does it work exactly??
    10% on the initial? ongoing? (im going to guess only initial because you only do permanent roles??)
    If you are going to mention 10% as your marketing strategy, make sure you mention its insides & outs, otherwise it will be more confusing then not mentioning a price at all.

    Good luck with it all Huey!! :)
    Every business needs HR

    -Daniel

    #1173871
    dansyd1
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    • Total posts: 16
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    Are you able to tell us what type of business it is?
    What field is it in?

    Maybe members can offer advise specific to your field.
    Have you managed a business before? Or learnt business skills from the previous owner?

    -Daniel

Viewing 15 posts - 1 through 15 (of 15 total)