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How I Started A Startup from Scratch and Turned a Profit in Less Than 6 Months

This is a guest post from the founder of 48hourslogo.com, Chris. He’s awesome. And generous with his startup experience.

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I graduated from Georgia Tech with a degree in Electrical Engineering and got a job as an application engineer in Silicon Valley.

48hourslogo was one of several side projects I initiated. Luckily, it turned out to be the one with the most potential and allowed me to quit my engineering job and fully focus all of my attention on my own startup.

I have always enjoyed reading StartupBros and thought that sharing my own startup story may provide some interesting insights for some of you. I’ll show you how I came up with the idea, how I had the site built, how I got customers and designers, and some ways we’ve grown the company. I think you’ll enjoy it!

Why 48hourslogo?

Like most people launching logo contests for their first time, I was amazed by the selection of logo concepts presented to me when I started a logo contest back in 2010. I liked it so much that I decided to drop my earlier business idea and start a logo contest website of my own.

The idea behind 48hourslogo is quite simple: Instead of paying an average of $400 to have 30 or 40 designers competing on your logo project, customers can spend a third of that and have 10 or 20 designers competing.  This is plenty for bootstrapping founders. [click to continue…]

9 Game-Changing Startup Strategies You Can’t Afford to Ignore in 2015

Game-ChangingStrategiesto grow

Your head is probably hurting right now from the sheer volume of articles you’ve read about what you need to do to make it successful.

Let’s start by quashing an assumption: You don’t need to know everything, ok? You’re going to find it far easier to start your business if you just give it a go, and learn by doing.

However, things change quickly in the online world. What worked for a business launch five years ago – even two years ago – isn’t necessarily what is going to work today. But there are some simple strategies you can adopt from the outset that will help you get a head start.

Ignore the noise. Get these nine strategies embedded in your business. Then launch and learn. [click to continue…]

4 Step-by-Step Strategies to Uncover Your Next Big Business Idea Today

4 FreeTools to Find Business Ideas

[Kyle’s note: Remember that product ideas are business ideas. Sarah knocked it out of the park with this post, I think you’ll love it. Sarah’s]

It’s daunting, isn’t it?

You want to start a business, but you don’t have the time or money to test idea after idea only to discover that they won’t be profitable.

You don’t want to be a statistic: just another wantrepreneur whose business idea failed.

But what if I told you that you can learn exactly what people want?

That your target market will practically come to you with ideas. And that if you do the right research, your idea is almost guaranteed to succeed.

It’s true.

And the best part is that you can do it in a weekend.

After reading this post, you will know exactly how to do this research to find the perfect business idea that people will actually pay you for.

You don’t need a 160-page business plan. You don’t need focus groups. You don’t need to shell out thousands of dollars to test the market.

You just need to get into the minds of your target market.

Luckily, that’s easier than ever before.

4 Free Tools To Get Into Your Target Market’s Heads and Find Out Exactly What They Want

When you are frustrated with something, or have a question, what do you do?

Chances are, you’ve tried to find a solution online.

Maybe you’ve asked a question on Twitter or searched Google to find experts who can answer your question or fix your problem.

If you’ve ever done that, you’re not alone. [click to continue…]

Cracking Reddit: How to Get Thousands of Visitors to Your Campaign with Reddit Marketing

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If you run an online business you’ve probably learned that it’s a HUGE battle to get traffic, especially if your website is new.

You’ve got no search engine rankings, no connections and no idea how to get thousands of people to your site.

You have to fight to for every single visitor that you get.

I feel your pain. I’ve been there. But I learned how to overcome that problem by using reddit to drive high quality traffic to my sites for the last 9 months. It’s been a total game changer!

In fact, one simple reddit post got 625 sign ups to my brand new product in just 9 days. Yes you read that right! Not 625 visitors, 625 sign ups.

Not too shabby!

I’ll be honest with you. Right now, you will not be able to replicate these results. Why?

The truth is… [click to continue…]

12 Steps: Starting A Business While Working Full Time

REACH THE TOP

“I quit!”

There, you said it. Or you said it in your mind. You dreamed it again. You dream about starting a company and walking into your boss’s office and quitting your job.

What’s stopping you? Oh, about a million things including your mortgage and putting food on the table. You’re probably thinking, “I’m not rich. How in the world can I start a company?”

But you have an idea, and you’re sure it’s a good idea. How can you take your good idea and turn it into a company while you still have your day job?

I have worked with, invested in, and advised a lot of different founders as a venture capitalist, a founder myself, and a mentor to startups. I have also interviewed dozens of ‘mid-life’ entrepreneurs for my forthcoming book Never too Late to Startup. One thing I hear pretty frequently is from people with ideas who can’t figure out how to turn those into businesses.

Here are 12 proven steps to starting a business while working full time:

[click to continue…]