Hello everyone,
I have been lurking the forums for a while but it's about time I joined the community.
I'm freshly 18, from Vancouver Canada and will be going to University in a few weeks. Have been running an eBay and Amazon business for 7 or so months. It's not where I want it to be but getting there - selling has given me a new business idea (not the one that's going to be discussed) that I hope to capitalise on when I have the right following. I have gotten into buying and selling cars recently also, but purely with the goal of enjoyment as I am a car enthusiast.
Now to the idea:
What it is right now: An idea marketplace for entrepreneurs and small-business owners
What I want it to be: An idea marketplace that encompasses multiple sectors (business, healthcare, etc.). Like a better version of Yahoo Answers, but not really.
Brief Description: Most of us have probably had a viable idea that could be valuable if developed. The majority of people would never capitalise on these ideas, resulting in needless intellectual waste.
Moreover, my idea is also structured as a solutions marketplace, where collective intelligence can be used to solve problems.
My idea would attempt to provide a medium for people to easily exchange these ideas and solutions.
How it works: In my MVP (targeted towards entrepreneurs and small business owners), members would post an inquiry at a specific budget price. Other members would bid on the inquiry. The poster can then select a bidder and accept the bid. The payment is then sent to the primary receiver (Me).
Both the poster and bidder now have access to a workspace, where the inquiry is hopefully solved.
Afterwards, the inquiry would be marked complete. At this point the primary receiver (Me) would send payment to the secondary receiver (bidder) minus the transaction fees.
Monetization: Ideally I would take 15% of each transaction. As the site expands I would offer the option for free postings (if someone just wants to give an idea out for free) and I would also integrate advertising
What I have done: I have built the website using WP and a paid WP theme. I have created a pre-launch page with MailCheat(Chimp) integrated.
Some Issues: The paid WP theme promised PayPal escrow, but now PayPal says that they don't allow escrow for marketplace models. The theme-makers says that they're working on it, but I may need to integrate some sort of digital credit system.
I also have zero experience in launching and UA. I'm not quite sure about how to get users, especially for a marketplace
What I would Appreciate: Some general comments about my business model. Ideas that would increase the value of the marketplace. Any resources that would be helpful. Tips for launching and UA.
Thanks a lot guys.
I have been lurking the forums for a while but it's about time I joined the community.
I'm freshly 18, from Vancouver Canada and will be going to University in a few weeks. Have been running an eBay and Amazon business for 7 or so months. It's not where I want it to be but getting there - selling has given me a new business idea (not the one that's going to be discussed) that I hope to capitalise on when I have the right following. I have gotten into buying and selling cars recently also, but purely with the goal of enjoyment as I am a car enthusiast.
Now to the idea:
What it is right now: An idea marketplace for entrepreneurs and small-business owners
What I want it to be: An idea marketplace that encompasses multiple sectors (business, healthcare, etc.). Like a better version of Yahoo Answers, but not really.
Brief Description: Most of us have probably had a viable idea that could be valuable if developed. The majority of people would never capitalise on these ideas, resulting in needless intellectual waste.
Moreover, my idea is also structured as a solutions marketplace, where collective intelligence can be used to solve problems.
My idea would attempt to provide a medium for people to easily exchange these ideas and solutions.
How it works: In my MVP (targeted towards entrepreneurs and small business owners), members would post an inquiry at a specific budget price. Other members would bid on the inquiry. The poster can then select a bidder and accept the bid. The payment is then sent to the primary receiver (Me).
Both the poster and bidder now have access to a workspace, where the inquiry is hopefully solved.
Afterwards, the inquiry would be marked complete. At this point the primary receiver (Me) would send payment to the secondary receiver (bidder) minus the transaction fees.
Monetization: Ideally I would take 15% of each transaction. As the site expands I would offer the option for free postings (if someone just wants to give an idea out for free) and I would also integrate advertising
What I have done: I have built the website using WP and a paid WP theme. I have created a pre-launch page with MailCheat(Chimp) integrated.
Some Issues: The paid WP theme promised PayPal escrow, but now PayPal says that they don't allow escrow for marketplace models. The theme-makers says that they're working on it, but I may need to integrate some sort of digital credit system.
I also have zero experience in launching and UA. I'm not quite sure about how to get users, especially for a marketplace
What I would Appreciate: Some general comments about my business model. Ideas that would increase the value of the marketplace. Any resources that would be helpful. Tips for launching and UA.
Thanks a lot guys.
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