Forums › Main Forums › General Topics › Questions? Ask an expert
- This topic has 13 replies, 9 voices, and was last updated April 19, 2021 at 2:48 pm by
luttevie.
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October 19, 2020 at 3:09 pm #16123
galaxyofstars
KeymasterPost your questions for our team of experts here.
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This topic was modified 6 months ago by
jasonlively.
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This topic was modified 5 months, 2 weeks ago by
jasonlively.
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This topic was modified 6 months ago by
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October 19, 2020 at 8:15 pm #16129
nighttrain
ParticipantI have a question: I don’t have a lot of money to start my business. Which is better, raising equity (selling stock) or getting a bank / SBA loan?
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October 19, 2020 at 8:50 pm #16130
HS1
KeymasterNighttrain,
It depends on your situation and the type of business. Generally there is a trade off: with equity you have a “forever” partner that gets part of your earnings as long as you own the business (or buy them out). But the risk of failure is on them, if you fail you don’t have to pay the money back. With a loan you have to pay it back no matter what (normally you will have to guarantee a loan), but then you are free and clear.
There is a long, more explained description in our free book, download it and take a look: https://galaxyofstars.org/free-copy-of-start-up-book/
Good Luck! And let us know if you have any more questions.
HS1, Hidden Star expert
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October 30, 2020 at 11:01 am #16148
nighttrain
Participantthanks. I downloaded the book and am reading it now.
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January 30, 2021 at 6:54 pm #16332
Centaur11
ParticipantI’d like to know the best platform on which to advertise a service business. I am a copywriter with no product to show other than digital copy.
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February 3, 2021 at 11:01 pm #16335
RoseRue365
ParticipantHi are there any mobile wireless owners
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February 17, 2021 at 11:39 am #16351
Sonja
ParticipantI have a Wix website and I pay for an ecommerce store but I run a people-pleasing business. I don’t really enjoy working behind a computer screen as much as a ecommerce website guru would. How can I connect with the best technical-savy person who can help me set up my wix store? I’m already paying for it, just not using it. Help!
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March 3, 2021 at 6:40 pm #16356
Ladybug
ParticipantI would try a freelance site like Fiverr or UpWork. I’ve had very good results with both. On Fiverr, I’m actively working with “joshuawisdom123” on Fiverr right now. He just built a really cool website for me. I don’t know if this link will work but this is his profile page: https://www.fiverr.com/joshuawisdom123.
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March 20, 2021 at 4:51 pm #16361
DCIApparel
ParticipantHello there,
I am revamping my business. I am now also renting a suite and plan to build a website with Galaxy. Do you guys help with text marketing? If not, do you guys have any suggestions on who to sign up with? Also, I would like to apply for a start up grant.
Ebonie Hatch
(Owner of DCI Apparel)0 -
April 16, 2021 at 8:55 pm #16382
jboat1
ParticipantI am a new broker for a company that helps small businesses get loans what is the best way to reach a ton of owners and be profitable?
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April 17, 2021 at 8:05 am #16391
HS1
KeymasterJboat1:
There are a lot of great ways to grow your business. Some of them cost a lot of money, some don’t cost much at all.
Facebook does a nice job of delivering ads to business owners for not much investment. The hit rate is low, but the ones who respond are actually good leads.
Google Ad Words is probably the best way currently. They can super target your audience and your message, and produce a LOT of leads. You might want to get a quote or testimonial from a client and use that in your social media posts.
Also, you can buy email lists of business owners and send them an email. Again, hit rates will be low, but lead quality of respondents is pretty high.
Hope this helps.
HS1
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April 16, 2021 at 9:06 pm #16383
jboat1
ParticipantMy friend has been working a business selling scented candles what advice do you have for her to be successful?
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April 17, 2021 at 8:09 am #16392
HS1
Keymasterthe same advice we have for most entrepreneurs….
– know your audience. Who buys scented candles and why? at what price? from whom?
– communicate the “value proposition” clearly, i.e. answer the “what is in it for me” question
– make sure you really understand the competition and pricing
Is she set up to sell on Amazon? if not, she really needs to do that. There are a lot of videos, etc that can teach you how to set up an amazon store. They can deliver a LOT of sales.
HS1
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April 19, 2021 at 2:48 pm #16400
luttevie
ParticipantLlc or s Corp for my clothing line?
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