Hi all,
Thank you in advance for taking the time to read my post. I recently joined the Fastlane forum upon reading the Millionaire Fastlane and am currently exploring some ideas I could pursue.
Firstly, a bit about me. I'm a recent graduate student who majored in renewable energy engineering. I do have a technical background and was looking to develop something in either the e-commerce/Saas industry. I am a HUGE nerd when it comes to sustainability/climate change and find that I am quite naturally self-driven in this industry due to my drive to find solutions for climate change at an early age. However, I have been struggling to find anything worthwhile in the 6 months since I completed reading the Millionaire Fastlane.
My idea is to create an online store/website that distributes eco-friendly everyday items - think of things such as eco-friendly coffee cups, paper straws, or even sustainably sourced jewelry. Unsure as to how I would go about validating if this idea is worth chasing, but am driven to make it a reality if I can find a way to give it the green light
.
The main questions I have surrounding this idea revolve around the following key points:
1) If you were in my shoes, how would you go about validating the need for this idea? I do recall this being one of the key concepts as a part of the "CENTS" framework. However, I am feeling a little lost with accomplishing this through an e-commerce store.
2) How would you go about getting your first respective buyers if you were to set up a platform like this? Do you run ads o platforms like Google AdSense or Facebook? Do you rely on word of mouth?
3) How many products would I list on my website? Should I scale according to customer demand?
4) What products should I choose to sell? How can I validate if what I'm selling will actually be wanted by the marketplace?
Apologies in advance if my questions seem a little basic, I am still learning the ropes of building a business. Please do not hold back with your advice and be as brutal as possible - the blunter the advice, the more it helps me (and everyone else reading this thread)
-Sahil.
Thank you in advance for taking the time to read my post. I recently joined the Fastlane forum upon reading the Millionaire Fastlane and am currently exploring some ideas I could pursue.
Firstly, a bit about me. I'm a recent graduate student who majored in renewable energy engineering. I do have a technical background and was looking to develop something in either the e-commerce/Saas industry. I am a HUGE nerd when it comes to sustainability/climate change and find that I am quite naturally self-driven in this industry due to my drive to find solutions for climate change at an early age. However, I have been struggling to find anything worthwhile in the 6 months since I completed reading the Millionaire Fastlane.
My idea is to create an online store/website that distributes eco-friendly everyday items - think of things such as eco-friendly coffee cups, paper straws, or even sustainably sourced jewelry. Unsure as to how I would go about validating if this idea is worth chasing, but am driven to make it a reality if I can find a way to give it the green light
.The main questions I have surrounding this idea revolve around the following key points:
1) If you were in my shoes, how would you go about validating the need for this idea? I do recall this being one of the key concepts as a part of the "CENTS" framework. However, I am feeling a little lost with accomplishing this through an e-commerce store.
2) How would you go about getting your first respective buyers if you were to set up a platform like this? Do you run ads o platforms like Google AdSense or Facebook? Do you rely on word of mouth?
3) How many products would I list on my website? Should I scale according to customer demand?
4) What products should I choose to sell? How can I validate if what I'm selling will actually be wanted by the marketplace?
Apologies in advance if my questions seem a little basic, I am still learning the ropes of building a business. Please do not hold back with your advice and be as brutal as possible - the blunter the advice, the more it helps me (and everyone else reading this thread)
-Sahil.
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