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Archived threads in /biz/ - Business & Finance - 6423. page

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Hey biz

So 2 years ago I founded a startup ISP based in Australia. Basically, we spent 18 months building a layer2 network so we could sell really really really good home internet via the NBN, however, we charge a premium fee for our services. We push it as a quality over quantity style product.

My question relates back to marketing, We have a great team of engineers and a small group of clients who are mostly friends and friends of friends, however, we have stopped growing on word of mouth alone, We are running profitably which has been a challenge but is starting to slowly pay off, however, we still lack a marketing budget(or above minimum wage for any of our staff which has to be priority 1 at this stage) so my 2 questions are as follows.

1, How do we turn a great product that everyone wants but most are not willing to pay for into a great company without investing huge amounts of money in marketing?

2, If we were to offer uncapped commission incentives- say $20 for every new client and $5 per month every month for 12 months after that would this be good incentive to get motivated marketing and sales staff in the door seeing as we cannot pay them without them assisting us making large numbers of sales.

I will post a link to our website if requested.

Cheers

>note for those wondering
Australia has huge residential internet problems due to high wholesale and low retail prices- Google "NBN CVC" for more info
17 posts and 1 images submitted.
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>>1626182

First up, post a link to your website.

In terms of marketing if your business is as good as you say it is, it will continue to grow via word-of-mouth but it will take time and I know that's stating the obvious.

If you don't want to get a loan to do some real advertising (eg. radio, social media, TV, etc.) then your options are pretty limited. But what you have to do first is have a good website before you go telling everyone you exist. Bad/not user friendly websites can kill even the best business ideas.

Low/no cost marketing ideas.
1. Cold calling businesses. I know it's not attractive but if the other option is your business going under...
Businesses are easier to call than individual people because you can easily get their phone numbers. Only old people have their phone number publicly listed in the phonebook.

2.Postal flyer drops.

3.Get a stand in the CBD and hand out flyers or tell people about your business. (Assuming that you operate out of a Capital City)

4.Door knocking. Again doesn't sound nice but even Telstra does it in rural areas.

These are the ideas I have off the top of my head but like I said, unless you to pay for good marketing, your options are pretty limited.
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>>1626182
Three questions before I can help:
1. Explain to me in less than a sentence how having NBN will improve my quality of life compared to my current broadband service?
2. Who is your customer? Like give me lifestyle, income, if they have kids etc. and what they are using the internet for. Preferably even a specific suburb or what car they drive.
3. How are you different to other NBN providers?
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improve SEO and an aggressive traffic building content marketing strategy are free and will return the best traffic over time compared to paid, short-term lead generation

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So today I found out that a guy that I know and used to work part time with me is now working for the labour union going from job site to job site inspect if the workers have the safety equipment and talk to them to see if there are complaints.

now the fun part, he's making 130k to 150k a year.

His father works there and is established so he got him this job. He's 22-23.


From what I hear, the union works much like nepotism. It's hard to get in. It's like family. ...Or mafia.
10 posts and 1 images submitted.
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>>1626132
>From what I hear, the union works much like nepotism.

It's true.

What I'd like to know is what isn't like that these days.
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>>1626136
Politics
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You know what the funny thing about all of this is?
He is going to go through life saying things like....

"I work hard for my money"
"I got to where I am through hard work and persistance"
"Poor people should just work harder so they can get a 6 figure income like me"..

BTW OP, is this Australian????

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How are you supposed to make money off youtube monetization when they ban content that could get you millions of views on your channel like ass and titties, or even more vanilla stuff like fetish porn?
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>>1626101
How are you suppose to make money off of dealing drugs if they arrest you for selling stuff like meth or crack, or even more vanilla stuff, like cocaine?
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>>1626101
I realize you're being facetious but Pornhub has an amateur models program quite similar to Youtube's video monetization. Apparently it pays very, very well. Of course, it needs to be your own original content. So there's your answer, OP. Go forth and make cosplay porn with your SO for six figures a year. Make us proud.
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>>1626281

oh shit. I saw someone stealing my videos and uploading them on Pornhub. Now I know why.

Holy shit. I need to report that cocksucker and start my own account.

Thanks anon

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Daily reminder that billions of dollars won't buy your youth back.
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>>1626090
>yet
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>>1626090
Better to die with wealth and influence than a crippled nobody
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>>1626090
He's on his 6th heart 102 yrs old, 250k a pop it's like replacing a muffler to him

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How do you identify market demand?

Do you just do paid surveys asking a targeted demographic if they would like a product and see if it would be economically viable to enter an industry? Does anybody have experience with this?
11 posts and 2 images submitted.
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>>1626008
offer a product

if it takes forever to sell, demand isn't there.

if it sells in a couple seconds, offer it again.
if it sells fast again, you MIGHT have a market.
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>>1626008
Basically... just ask yourself, would you buy your own product. Usually the answer is no. Tweak until its a yes.

Kudos to Sub Zero, my favorite MK character.
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>>1626019
>offer a product

You mean develop an entire business behind a product and if it fails oh well? Seems inefficient.

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>http://www.valcambi.com/products-and-metals/combibarTM/au/100-x-1-g/100-x-1-g-gold-combibarTM/

How much is the 100 x 1 g Gold CombiBarâ„¢?
Can't find a price anywhere, I would love to have it. I've seen there's pieces like 5 x 1 g Star CombiBarâ„¢ and 20 x 1 g CombiBarâ„¢.
How much would those be?

>https://www.pennmetals.com/gold/gold-bars/1-gram-gold-bars.html?gclid=CLes86yfttACFQ6bfgodJSIDFg

1 Gram Perth Mint Gold Bar (In Assay) is $50.13, goldcalc.com says it's $38.81/gram.

>http://www.jmbullion.com/gold/gold-bars/gram-kilo-gold-bars/?gclid=CI7bg4WgttACFYdefgodNagBaQ

JMBullion says $48.44 for 1 gram Perth Mint gold bar (new assay)

So I see $50, $48, $38, then $47.44 for 1 gram sunshine gold bar mintmark whatever that is?

reasoning: I am ultimately new to gold and I think that If I buy a unit it will be valuable during an economy crisis/crash and then I would like to sell it.


Please help me out, /biz/.
8 posts and 3 images submitted.
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>>1625927
Buy shares of JNUG, it mimics the price of gold and will skyrocket during a recession.
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What do you need help with exactly? The price you pay is set by individual traders like any other goods and services you purchase. You need to shop around to find the price and trader you're happy with.

>I am ultimately new to gold and I think that If I buy a unit it will be valuable during an economy crisis/crash and then I would like to sell it.

1g or even 100g won't do you much good but any amount is better than none. I suggest before jumping into this if it's going to be a long term thing for you is to do as much research as you possibly can from as many sources as you can (both bullish and bearish on Gold) before reaching an informed decision. Definitely do not take anything you're told on /biz/ as sound financial advice.
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>>1625927

go to tradingview.com

open a chart for XAUUSD

change to a monthly timeframe

still want to buy?

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Is it normal to be dying of boredom at your wagecuck job and telling yourself that you'll work hard on those side projects and take advantage of your large amount of free time when you get home and feeling smug because you're so much better than all the sheeple around you but then later procrastinating by eating junk food (as comfort food) and browsing the internet mindlessly, telling yourself that your real life starts tomorrow, and this goes on for hundreds of days in a row with the false confidence becoming a daily occurrence?
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>>1625874
I feel smug cause most of the evenings I actually WORK on getting myself out of wageslavery

You're a weak willed piece of shit. The good thing is that you can fix yourself.
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>>1625874
Yes. All jobs are suicide tier unless your job is what you would do in your free time.
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>>1625874
The thing is that without work you would do the same thing. Don't think that work prevents you to spend time on your projects, only you do. I wasted 3 years as a NEET thinking:
>"Ok, today I will go to bed in time and tomorrow I will wake up early go for a run and then start working on my projects, plan everything and slowly start them!"
Then you just mindlessly procrastinating and woke in the afternoon again. I did that almost every day trying to break out of this loop and only recently started to actually sitting down and thinking about my future.

Just accept that no one cares about your future, it's only up to you to change your things. And don't try to rush it, know yourself first... It's possible that since you don't know exactly how to start your projects, your fear of failure prevents you to even start them. Believe me, the only thing you need to fear is staying where you are right now. Even failure is better than just daydreaming, in fact failure will be your guidance on how to develop your projects.

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Sup OZ /biz/,

I was thinking of organizing a Sydney meetup.

Anyone keen?
14 posts and 1 images submitted.
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In the interest of what, exactly?
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>>1625846
I'm not even sure yet.

My initial thoughts were, as I'm an immigrant, what best way to build my network (and net worth), than associating with like-minded people.
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>>1625942
Interesting. Whats your nationality? Are you able to give insider trading tips from your home land?

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How fucked is Jeff Bezos now that Trump will be president? Is the Don going to fuck Amazon's shit up like he's been saying? Yeah, Amazon gets away with not paying a lot of taxes, but so does Trump, so you'd think he'd let Bezos get away with it too. Maybe it's because Bezos owns an anti-Trump newspaper.
8 posts and 1 images submitted.
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>>1625826

Trump isn't going to do 99% of the things he said he would.

It was just an act to get him elected.
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read the art of the deal. how don deals with enemies is in that book
>>
who knows? trump is petty and malicious so his enemies are in big trouble. as far as taxes and tariffs go, doubtful.

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is it true an over valued IPO can ruin an otherwise good company and that it's always better to undervalue
8 posts and 1 images submitted.
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Ruin is being overdramatic.

But yeah, it's better to undervalue an IPO for the company. For the bank, they're fucked both ways, and need to try to be as accurate as possible.
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A company's stock price has very little effect on its performance or prospects. In reality, it really only affects two things:

1) The ability to raise additional capital by issuing additional shares post-IPO. While potentially important in some cases, its not always needed and there are many other ways to raise capital.

2) It affects the company's ability to incentivize employees with stock grants and options.

Maybe it also affects perception in the market, and employee morale, but those are hard if not impossible to quantify.
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>>1625817

Why would a bank not want to overvalue within an acceptable margin?

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What are some choice careers that make atleast 30-40k that wont be replaced by automation?

Note, no trades, tried that and im not cut out for it.
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>>1625667
EMS. Start out as an EMT-takes a couple months of school and about 1K at many places. Start out around 30k/year depending on your area. Work your way up and eventually go to paramedic school. Then you can make around 50K a year, again depending on area and which job you take.
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>>1625672
>medical field
i dont think i want my fuck up to cost someone their mother.

I thought of doing computer programming, but i dont know where to start.
Ive heard you can learn it on your own but idk
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>>1625676
You live in a capitalist society, OP. By your mere existence, you have cost the lives of thousands living in poverty.

Get over it.

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What do rich people look forward to? They've done it all
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>>1625629
They probably look forward to goals they set for themselves, like all people.
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>>1625633
/thread
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>>1625629
Secks.

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>MFW

How the fuck do rich people actually justify paying such high taxes to themselves?

How the fuck do they cope? If I knew I had to chop off over half my income to support Niggers and an overbearing Federal government i'd find every possible venue to avoid that. What the fucking hell?
23 posts and 4 images submitted.
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>>1625596
Why don't rich people just move to a different country where they don't have to pay for everyone else?
Is learning a different language really that hard? Even then... Canada and UK are both english-speaking countries.
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>>1625596
this graph is talking about regular wage earners like doctors and shit making 400k where the tax is about 45-60%. believe me they complain a lot. most actual rich people earn qualified dividends and capital gains and pay like 10-15% max
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>>1625602
Because those countries have high taxes too

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Is everything going to be utter shit in the near future (say, 20-30 yrs from now)? Autmation is a bit unsettling t.b.h.
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>>1625570
>near future

>20-30 years

How the fuck are we suppose to know 20 years into the future?

20 years ago people didn't know what email was and now we have insane technology.
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>>1625574
20 years ago everyone knew what email was dumbass, maybe 30 years ago most people didn't.
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>>1625570
Yeah I'm pretty disgusted and terrified with the cyber punk idea even from sci fi books, to actually live in it is making me noxious.

Why can't we go for a greenland utopia with advanced biological humans instead? robotic arms unsettle me deeply.

If the 2010s have been horrid in terms of taste, education and people you meet, then I really don't want to stick around to see what these rabid autistic monkeys are going to do next.
God I hope I didn't make the wrong decision by not killing myself on 21st december 2012.

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What are our options?
https://www.youtube.com/watch?v=0Nq7Qe4PJVA
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Nobodys watching your 20minute video and giving your their reflection on it.

/end
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>>1625454
He's 100% correct, I watched (listened) to the whole thing and that is my reflection
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The dollar's days are numbered, atleast it's world reserve status since the petrol dollar is dying. Silver and Gold is true money and will perform like a charm if you get the fiat currency death-event. (and atleast 1 tactical bitcoin somewhere in there)

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