Do you have your own business? - Social Anxiety Forum
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post #1 of 23 (permalink) Old 04-04-2019, 04:18 PM Thread Starter
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Do you have your own business?


How successful is it? And how hard for you was to achieve that?
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post #2 of 23 (permalink) Old 04-04-2019, 09:02 PM
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No I do not.... it would be... too hard...


dun want to sound like a downer... but I heard that 80% of business close down after one year...
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post #3 of 23 (permalink) Old 04-05-2019, 06:29 AM
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Kind of lucked into my online web dev sole-proprietorship... the whim of google, making something I initially did free become popular enough to charge for. Then for the following 16 years it has become increasingly unsuccessful.

But if there's one key to anything I've made any money off of, it's just going ahead and doing something because I want to without worrying about whether it'll make any money. Most times it won't pay off but occasionally it will, and it's easy to do whereas trying to do what you think will make money is demotivational drudgery.

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post #4 of 23 (permalink) Old 04-05-2019, 10:10 AM
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I have to create my own business someday. But it has to be something where I can have my own time to dedicate to my own affairs.

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post #5 of 23 (permalink) Old 04-23-2019, 01:39 PM
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I have to create my own business someday. But it has to be something where I can have my own time to dedicate to my own affairs.

And in which sphere do you want to create it?

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post #6 of 23 (permalink) Old 04-23-2019, 01:40 PM
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I don't have my own business and I'm not sure that I'll start it in future. Yeah, it's really cool to have your own one but I have experience with helping my friend for developing his startup and that was a really hard work. Besides no company becomes profitable fast so patience and hrad work will be your main strategies for at least first several years.
Also for making any business successful it's really important to have knowledge of its main basics and tools. For example, they include defining and evaluating your goals clearly, preparing a well-made business plan, finding your sphere and understanding general competition in it. The other ones are creating a professional work team, building a network of your potential clients and partners, developing an effective management system https://businesstown.com/articles/7-...sful-business/ and high-quality advertising of course. For example, in case of the last one you should have the good knowlegde of main marketing strategies like email marketing, social media management tool https://promorepublic.com/en/, content marketing, your own website developing and promotion and so on, and how to use them effectively for your company.
And start capital is almost always a necessary thing too.

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post #7 of 23 (permalink) Old 04-24-2019, 07:11 AM
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And in which sphere do you want to create it?
writing related. technical reports, formal documents of different kinds. also creative writing.

Also a nonprofit dedicated to informational releases about social aid/advocacy programs.
Also a blog/podcast dedicated to this.

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post #8 of 23 (permalink) Old 04-26-2019, 09:39 AM
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I do, but it's just a one-man consulting business. Mainly created because I didn't want to feel as locked-in as an employment does to me.

I also had hopes to be able to start some other business with that company, selling stuff or developing apps etc. But I have not had the energy to make anything happen really.

I've done tons of administration with this company so it kind of weighs down on me that I haven't been able to start anything to make use of it (apart from sending one invoice a month and buy some computer stuff)...I still have some hope left though.
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post #9 of 23 (permalink) Old 05-04-2019, 10:32 PM
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post #10 of 23 (permalink) Old 05-05-2019, 01:34 AM
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I self-publish fiction. It's a ****ing ****show. I'd make more money panhandling or delivering flyers. But I'm less likely to injure myself sitting in a chair since I have trouble staying upright.

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post #11 of 23 (permalink) Old 05-05-2019, 06:27 AM
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I self-publish fiction. It's a ****ing ****show. I'd make more money panhandling or delivering flyers. But I'm less likely to injure myself sitting in a chair since I have trouble staying upright.
Are you selling through Amazon? Does it become a reasonable income at some point (i.e. if you create enough stories for them to drip drip drip income)?

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post #12 of 23 (permalink) Old 05-05-2019, 11:50 AM
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Are you selling through Amazon? Does it become a reasonable income at some point (i.e. if you create enough stories for them to drip drip drip income)?
Amazon, iTunes, Barns&Noble, Google Play, Kobo, Smashwords and a few others.

When ebooks first came onto the market it was possible to make good money just by pubbing, and I know people who made a lot that way. I caught the very tail end of that and made good money for one month and then the moral panic about ebook erotica wiped me out. (Apparently, my stories are 'just like heroin'.)

The amount of technical skill required to self-publish is fairly low. I think most people could learn the ropes well enough in a year to write competitively, even if they've never written before. The closer your writing matches mainstream tastes and expectations the better it will sell, of course. (That's always been a challenge for me.)

The main problem is discoverability. More stories means a greater chance of someone finding your work (just like tickets for the lottery) and more potential income streams. But since anybody can publish these days, because the barrier to entry is incredibly low (much lower than, say, making music or video games), your competition is basically all of social media. I know writers with hundreds of stories who aren't making enough to cover their phone bills. I have several dozen novels/stories and make a couple hundred a month. (I've been writing for 7 years.)

I was on a forum with a bunch of writers who were making six- and seven-figure incomes (they got into it early, but they'd moved on from erotica by then) and they were adamant that the only way to make money these days was to spend a lot on advertising. It was pretty much all they talked about, and they had budgets of several thousand dollars a month set aside for it. So ... if you have a lot of money, it's possible to make a lot of money. (Quelle surprise.) They also advised people to publish a novel a month if possible, since readers have short attention spans.

The other way to get readers is to be popular on social media. (Or famous irl, I guess.) If you look at the indie writers who 'come out of nowhere' and make a lot of money, they almost always had a large social network before they even published. A lot of them were very active on fanfic sites. (So a lot of immediate readers who will give them five-star reviews.)

If all you want is a bit of extra spending cash, you can do that by self-pubbing, but it will still require a bit of work and patience. (I made $2 the first month. Like I said, you're better off panhandling.) But if you want to make a lot of money, short of some kind of fluke, you need to be rich or popular. So get good at social media. (Just don't let it cut into your writing time too much.) On the plus side, you don't really need to worry that much about the quality of your writing unless you're trying to get an agent or sell a manuscript to a traditional publishing house.

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post #13 of 23 (permalink) Old 05-05-2019, 05:48 PM
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@truant > thanks for the detailed response. I can feel your writerly hand alright. I wasn't seriously thinking about it, my own stuff is neither voluminous nor attractive enough for publishing. The only way I can do justice to it is through zine-making or scrapbooking, I think. It just crossed my mind because I had to write some gay porn for a job (don't ask) and I saw a guy who had zero writing ability publishing his stuff "due to popular demand". Think 10 pages a pop and bad, bad grammar. I don't know if he actually sold any, but it just made me think: hey, I could do that, better. I might try it out at some point just for fun, but I don't think I have it in my to actually do the "grinding" needed to turn it into a source of income. I don't really understand what's the issue with publishing erotica. Libraries are full of "flowers of femininity" and "throbbing members". When I visit my local library, there are never the books I want, but lots of those.

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post #14 of 23 (permalink) Old 05-05-2019, 07:03 PM
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@truant > thanks for the detailed response. I can feel your writerly hand alright. I wasn't seriously thinking about it, my own stuff is neither voluminous nor attractive enough for publishing. The only way I can do justice to it is through zine-making or scrapbooking, I think. It just crossed my mind because I had to write some gay porn for a job (don't ask) and I saw a guy who had zero writing ability publishing his stuff "due to popular demand". Think 10 pages a pop and bad, bad grammar. I don't know if he actually sold any, but it just made me think: hey, I could do that, better. I might try it out at some point just for fun, but I don't think I have it in my to actually do the "grinding" needed to turn it into a source of income. I don't really understand what's the issue with publishing erotica. Libraries are full of "flowers of femininity" and "throbbing members". When I visit my local library, there are never the books I want, but lots of those.
For future reference, the BIB pretty much demands an ask. But I'll let it slide this time.

I'm sure you could have written something better. Erotica is swamped with marketers who outsource their writing to Third World ESL writers. They pay them like $5 or something for a story and then sell them on Amazon for $2.99 a pop with little if any editing. And then in a couple of months bundle them into packs of 50. This is the kind of stuff I have to compete with. Like I said, the technical bar is extremely low. If you can read and write, you can publish. A lot of these marketers probably don't even read and write themselves.

There are also authors who sell the same story multiple times under different pen names with different titles and covers. And these are not fringe authors; these are authors whose books appear in top 10 lists ... multiple times, under multiple names. Honestly, the ebook market is a cesspool. There are some very talented authors writing very interesting stories but they're being buried under mountains of virtual garbage.*

The problem with the erotica genre was that a lot of people were publishing really hard-core stories with graphic titles and the sex police found it. The distros don't like to use age filters like responsible retailers so it was easy for the thotcops to whip parents into a moral panic. The distros got scared, nuked everything that was too graphic or 'too weird' (like some of my stuff), and buried everything else (like the rest of my stuff). And that's how the sex police destroyed my livelihood.

* I'm not including myself in that category, btw.

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post #15 of 23 (permalink) Old 05-05-2019, 10:41 PM
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No, wish I could someday, but it's along way off, if any hope. I'd need a lot more skills and a lot more funds for the ideas in mind. So it could just be a dream until the end which is survival as long as not ending up homeless which is the worst nightmare that could come about for me.
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post #16 of 23 (permalink) Old 05-05-2019, 11:03 PM
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post #17 of 23 (permalink) Old 05-06-2019, 02:31 AM
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@truant > that's very interesting and dispiriting. I was actually thinking that I'd love to do a line of quality weird sex stories, maybe fusing with light horror as well (dentata, tentacle monsters, the lot). That's one thing I can imagine doing branding and marketing for, because it would actually be fun (whereas doing marketing for more serious writing just feels dirty -- that's why a lot of good writers never get published; there is an inherent tension between being an artist and a marketer). I wonder if it could find its niche if, say, you add the visual element to it and get a graphic artist on board, crossing over into art book territory a bit. It's all pipe dreams, but it would be a really fun project to work on.

The prudishness of the distributors is annoying. I don't really see the difference between a "flower of femininity" and a more graphic expression, except that the former turns erotica into a farce. In general, the whole line between acceptable erotica and pornography bothers me, because it creates this distorted idea of reality - in sex there is no such division. It creates an idea that sex is acceptable to a certain point, while it's all veils and pouts, but then it becomes dirty and bad. It also disincentivises people from creating high quality pornography or indeed allowing pornography to extend to anything beyond itself (you know, things like story arcs, real plot, emotions, art, etc.). Okay, rant over!

Edited because forgot to ask: what sort of stuff do you write? Please share a link if that's something you're comfortable with.

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post #18 of 23 (permalink) Old 05-14-2019, 08:36 PM
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I have mine but the financial flow of the business is not as healthy as expected.

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post #19 of 23 (permalink) Old 05-14-2019, 08:58 PM
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I've long wanted to open a reselling business, where I would buy cheap goods in large quantities from suppliers and then resell them on such websites as Amazon and eBay. Unfortunately, my current immigration status severely limits what I can do, but as soon as I receive PR, I will try it out.

I've also traded currencies on Forex for a while and made quite a bit of money, but ultimately had to pull all the money out to pay off my debts related to the car purchase. It is something I want to pursue as soon as I clear my credit card debt.

Finally, I intended at some point to collect money from royalties for the music I would write. The problem was that I was the worst critic in the world, and I would absolutely decimate my own tracks with criticism, even though objectively they were pretty darn good. My instrumental skills are no longer what they used to be, so I'm not sure if I'll ever pursue this venue again.
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post #20 of 23 (permalink) Old 05-15-2019, 08:28 PM
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Nope, I've spent a lot of time thinking of a business idea and can't come up with anything besides the typical t-shirt design nonsense. I guess I'm not very creative.
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