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How do you manage the R&D Part of your business (6)

10-26-2014 05:54 AM #1 mateen (Member)
How do you manage the R&D Part of your business

Hey guys,

We all have that one thing, (or a few) that is the 'bread & butter' of our AM business. For me, it's teespring. I've been doing it for 6-8 months. It consumes a lot of time but seems to bring me a somewhat 'consistent' income.

My question is, how do you manage the 'Try new things' or experimental part of your business. With all the news about people good money with method X and method Y, how do you incorporate the time for exploration of new affiliate opportunities while keeping your current business and up kicking?

I want to try display advertising, other custom products, FB niche page growth & monetization, ppcall, mobile, (there's a long list ). I know it's necessary to focus on one thing till you kill it or at least breakthrough to good profits but it's hard keeping that entrepreneurial, opportunity seeking beast under control sometimes

~ Mateen

10-26-2014 06:52 AM #2 Mr Green (Administrator)

Hey Mateen!

Start outsourcing your work.

You will have a lot of very repetitive processes when creating, launching and optimising your Teespring campaigns.

Watch BBrock's Speech on outsourcing here http://stmforum.com/forum/showthread.php?15084-VIDEO-STMBKK-Meet-Up-Speeches

Read this thread http://stmforum.com/forum/showthread...ring-Employees

and read this thread http://stmforum.com/forum/showthread...npowering-Solo

I'm not exactly sure what your set up looks like for building your Teespring campaigns, but I believe you could easily save yourself an extra 30-40% of your time by hiring a couple of guys max ($500/month). That is now a whole lot of free time you have to spare trying out other products!

10-26-2014 09:03 AM #3 delash (Senior Member)

for me the best way to test emp before hiring
is give medium to hark task in very limited time (1day to finish), it should be challanging
if he can't finish on time the screening task let him go

10-26-2014 09:44 AM #4 mateen (Member)

Yeah, just can't seem to pull myself out of my work and focus on outsourcing, (bad thing I know).

There was a time I actually had a full-time designer who along with making my designs, also set up my newsfeed ads AND teespring campaigns!

The freedom was great but I felt it easier to make a quick modification to a design or design things myself, especially when I needed it immediately.

I might give it another go, definitely need to outsource certain parts of my business or I'll be limiting my $$$$ potential if I don't. Was also thinking of hiring a local student designer. Dealing with time differences when outsourcing can get annoying.

~ Mateen

10-26-2014 11:53 AM #5 delash (Senior Member)

if you can efford it take office just for 1-3 months
bring people to work in the office

it might be great investment..

10-26-2014 01:39 PM #6 Mr Green (Administrator)

Quote Originally Posted by mateen View Post
Yeah, just can't seem to pull myself out of my work and focus on outsourcing, (bad thing I know).

There was a time I actually had a full-time designer who along with making my designs, also set up my newsfeed ads AND teespring campaigns!

The freedom was great but I felt it easier to make a quick modification to a design or design things myself, especially when I needed it immediately.

I might give it another go, definitely need to outsource certain parts of my business or I'll be limiting my $$$$ potential if I don't. Was also thinking of hiring a local student designer. Dealing with time differences when outsourcing can get annoying.

~ Mateen
It will take your designer a while to get an eye on what kind of designs work best, but like you said you will limit yourself a lot if you don't invest money AND time in other people. If you have the right payment structure in place they might even kick your ass in terms of what they can do!

With Teespring campaigns you could have someone translating all your campaigns, launching in other countries, optimising campaigns, sending you daily reports, the list goes on of all the processes you can easily outsource.

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