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Am I making a mistake with my own product?

Discussion in 'Making Money' started by StarBeltMarketer, Oct 9, 2010.

  1. StarBeltMarketer

    StarBeltMarketer Junior Member

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    I posted this in another thread but didn't get much help so I will try it here. Sorry for the duplicate.


    I have been putting a lot of time and effort into making my own how-to product. But I haven't done any market research. I only know that many were curious when I did this kind of work for a living. People wanted to know how to do it. But do you think I'm making a mistake putting lots of time into making a site that I don't know if it will take off or not ?

    Google insights says that the niche is at least there but probably dropping because of the economy.

    Thanks,
     
  2. raidel21

    raidel21 Regular Member

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    It's never a mistake to have an online presence , ..

    If the niche isn't big , get to the number one spot and dominate...
     
  3. _l0ph0nis_

    _l0ph0nis_ BANNED BANNED

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    no it definitely wasn't a mistake...if it's something you think it's awesome stuff...then you can also sell it..

    but if you ask this...may ask why you created this product?
     
  4. StarBeltMarketer

    StarBeltMarketer Junior Member

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    Thanks for the responses.

    I decided to make my product to hopefully create some income for myself. I do plan on charging access for it.
     
  5. webscape

    webscape Newbie

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    So next step is to start marketing the product. And build SEO links to it.
     
  6. MarketingMaster

    MarketingMaster Newbie

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    Hi StarBelt,
    To give a correct answer we should have a little more information, current situation, circunstances, idea fertility, etc.'
    I'll asume the best situation (that everything goes perfect in your current work, that you have "time to invest" and money to support. That you have frequently this productive ideas, you can manage very stressful times, you have a desent talent managing employees, etc)

    l give you 2 answers...
    1- In spanish they say "Zapatero a su Zapato" ( Shoe maker keep on Shoes ) Popular answer is do not shot it if you are not "showmaker".

    2- From my experience: The first consideration you should do is: HOW HARD I WANT TO BE ENTREPRENEUR?
    It's a VERY TOUGH work, no jokes.
    The second is: How happy I'm with my current working life.
    Since the very first moment you open up your company YOU LIVE FOR IT.
    There is no 50% and 50% sharing time on entrepreneurship (if you really want to make a business out of it)
    The moment you start to take care of take care of special requests, mails, journalists right answers, right color of the business cards, 30 visits to the lawyer for the perfect contract, invoices, moving to a better office, chairs should be changed, secretary did not come today so find anotherone, server is off, electricity payment, customer care, search for invertors, sign checks, firing people, hiring people, new computers, burocratical stuff, etc etc etc... you loose any creativity power and (at least for a while) any other business possibility.

    If you clearly pased the test GO FOR IT!!!! It's yours !!!
    Keep us updated StarBelt
    (sorry for my english guys, I swear even at my age, I'm in english lessons to re-learn it)
     
  7. rockong

    rockong Power Member

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    this is a super old thread but hey, still worth responding to!

    before I create any product, I don't assume that there will be a market of buyers.

    I go out there and speak with real ppl in discovering what their pains are. What do they REALLY want to learn?

    By you creating that dialogue, you also start to build that trust and relationship.

    In a nutshell, you can have a customer before you even launch your product :)
     
  8. KamBhai

    KamBhai Power Member

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    If you think you can do it, you are RIGHT..
    If you think you cannot do it, then also you are RIGHT..