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Reddit for Business
Main Post: Reddit for Business
Entrepreneurs of Reddit, what kind of business do you run?
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I'm seriously interested in the entrepreneurial lifestyle, but have a limited perspective of what entrepreneurship can look like (i.e. Zuck and friends). I'd love to hear more stories of what entrepreneurship might look like for all sorts of people.
What sorts of work do entrepreneurs do that can provide for themselves/their family? How did you start?
edit: I know there are more types of entrepreneurship that tech billionaires, hence why I'm asking this question. I am curious about how people make the jump to start even the smallest self-run businesses.
Top Comment: Failing online jewelry business owner. I found a niche in the market that had little to no competition, and thought I found a great, untapped market. Turns out that there's no competition because there's no demand. My expensive lesson learned is that it's important to find a niche to start out, but many times if there's no competition, there's a reason why.
What businesses are currently underrated?
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I feel like I always miss the golden peroud of each boom such as the dot com era, bitcoin,youtube, dropshipping, etc. How does one look for current business trends that are right now underated or unknown?? Those opportunities that are going to be massive in the future, who else is looking for this? I'm currently doing eccomerce dropship not doing well I feel so lost and hopeless I just want to be successful at it but idk if I should jump ship.
Top Comment: Any unglamorous but necessary business is underrated. You and a million other people would love to have a successful cute cupcake shop or software business, so the supply exceeds the demand. The woman who owns 4 dry cleaners is the one making money while the woman with the cute cupcake shop is closing in 3 months.
What type of businesses do you all own?
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Just curious what type of companies everybody owns! What got you into it, how did it look early on, and where are things now? Let’s hear it I’m sure we’re all over the map.
For those of you looking to become entrepreneurs I just wanted to remind everyone that you don’t need some kind of innovative technology or app to become a successful entrepreneur. I always see people trying to develop something revolutionary in the hopes of building a business around it. Just wanna say that’s great and all if you can do it, but there’s also people doing really well selling construction materials, real estate, house cleaning services, etc. You can build a very successful business selling pet feed if you are good at it. Sometimes effective marketing, efficiency, and good business skills are enough to create success selling anything.
I’m an electrical contractor in year 5. Certainly not getting rich but I’m making a low-moderate six figure income and it’s been life changing financially. I’ve come along way from being laid off when Covid happened and starting my business out of necessity. I started picking up side jobs while looking for a new job but nobody was hiring. A few months later when the job market improved I was already doing well enough to stick with it. It’s a tough business and a lot of work but absolutely worth it. Soon I’ll be looking at starting another business. I’ve got a few idea I’m deciding between. Best of luck to the rest of you! Let’s head your stories.
Top Comment: Custom car fabrication shop. Started building cars and trucks because I enjoy cool stuff but was too broke to pay people to do it. Got good at it started my own shop. Been about 9 years I’m 38, and absolutely hate it. It’s too specialized and difficult to find skilled employees. These are toys we work on so convincing our clients to pay their bills is a nightmare. Aftermarket parts are junk and never fit (more labor to fix). There’s a laundry list of other things ,but you get the picture.