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if you have an idea, what is the proven and short way to make it real?

Discussion in 'White Hat SEO' started by Kamikater, Jul 3, 2012.

  1. Kamikater

    Kamikater Junior Member

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    I have an idea for a new Internet business. Unfortunately in the past I had a lot of failures when trying to found a business. I have a lot of books and just the sheer thought of having to browse through them again to find a starting point gives me shivers.

    If you have an idea, what is the proven and short way to make it real?
     
  2. Pilot

    Pilot Junior Member

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    Failing often and failing fast. Sometimes getting your idea off the ground is a matter of discovering 999 ways it's not going to work until you stumble upon the 1 way it will.
     
  3. abyssal_miss

    abyssal_miss Power Member

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    There really is no one answer.. It depends on the niche and the person running it. Spend time brainstorming and outlining your plan(s). I'm sure it'll take a bit of trial and error, just make sure what you're getting into is worth the hardwork you'll have to put in.
     
  4. britcpa

    britcpa Power Member

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  5. Kamikater

    Kamikater Junior Member

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    This is important. How?


    My business is not about IM. It combines offline and online.
     
  6. HostStage

    HostStage Jr. VIP Jr. VIP Premium Member UnGagged Attendee

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    Well actually i'm going to stress something YOU FAILED before.

    Should it remove confidence ? Is it bad ? Do you suck personally because you failed ?

    According to the answers you have to the question above, you may want to gain in self confidence.

    First, you are a human being and more likely smart, so basically by nature you are a failer, however, you have learned to not do the same mistake again, so basically you improved yourself and optimize your odd of success.

    To make it real you have to take action no matter what, have positive energy, believe in your self and work on your idea, define the strengh and weakness of your idea and yourself and provide a plan for your weaknesses.



    And finally i'll finish by : Don't dream your life, live your dreams !
     
  7. ff1227

    ff1227 Junior Member

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    Entrepreneurs fall in love with their ideas all the time. Unfortunately a good idea alone isn't a business. I've lost money on some terrific ideas and since made money because I've learned to sell people what they actually want. I consider this the big 5 of a really successful business. If you can say "yes" to all 5 questions then you should consider starting it up. If the answer to any of them is "no", it's probably going to give you headaches and challenges.

    Successful business litmus test

    1. Is my target market irrationally passionate in terms of their spending habits? (examples: golfers, weight loss, etc. The money they spend is not proportional to what they should rationally spend)
    2. Are they large in number and easily reachable?
    3. Do I have a magic bullet product that solves their biggest pain point or problem?
    4. Do I have an effective marketing and pre-selling vehicle to deliver my product?
    5. Can I massively leverage my offer?

    If and only if the answer to all 5 is yes then what you need to do is
    - develop your product
    - make a basic website
    - send some paid traffic to test it.

    If you can break even or close to in the testing phase, you'll have a lot of luck expanding it going forwards.
     
  8. Kamikater

    Kamikater Junior Member

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    Great answers so far. All of them.

    What do you mean?

    What does leverage mean?
     
  9. ff1227

    ff1227 Junior Member

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    Well if you have a great product with no marketing, it's just not going to work. So if your product is 'yes' to the first three, you need to start figuring out how to sell and market it effectively.

    For example, McDonald's doesn't make the best burgers but who sells more than them? Their marketing is better than any other hamburger joint bar none. It's not a coincidence that they are successful and brilliant at marketing.

    By leverage, I mean can you get a lot of other people to sell it for you? Affiliates, referrals, commissioned sales people, etc. The number one reason Coca-Cola is so successful for example is that it is sold in a zillion stores. Those stores are "affiliates" without actually knowing they are. Coca-Cola has massive, massive leverage.

    Compare that to a local restaurant that has one location and just waits for people to walk in the door. Can you leverage your product in a similar way?