- Joined
- Dec 4, 2013
- Messages
- 529
Rep Bank
$1,480
$1,480
User Power: 126%
(prologue - you can skip this if you want)
I think im ready to get started again. Previously I created a product that I wanted that I thought other people might want, and quite frankly now that I look back on it, I don't even think I want it. I don't think other people wanted it either.I wasted resources, but I learned a whole lot. The barrier to entry was too high, there wasnt that big of a want or a need, it scaled, and I had control, and it divorced me of time, but I didn't have all of them. I learned from it though, and I moved on. I have gone through a few ideas since then recently, and each one is a learning experience. Now im in a position where im wiser, and I have a job that will support me, but also allow me to work on my next project 6 of the 8 hours while im at work.
(end of prologue)
I have already started working on my new project. It is going to be an online marketplace. It solves a need for the vendors, and it fulfills a want for the customers. The barrier to entry is the work it will take to get everything set up as far as development, marketing, etc. The control can be good, and bad. I cant keep a vendor from leaving if he wants to, but I will still hopefully have a marketplace full of other vendors. I can scale it up by encouraging more vendors to join, and add more products. I can add my own products etc. Time shouldnt be an issue considering products are being sold. Everything seems to be met.
The marketplace is sort of like etsy but instead of it being for primarily women its more for men/young adults. I found out that lots of people are making products, but the products usually dont make it to store shelves, and people dont really have a good way of finding them.
Some of the products are awesome, but the people selling them have to set up a website, drive traffic to it, and do a whole bunch of work, and they usually don't make a lot of money off of it so they quit. Or they have an idea, but the thought of setting up a website, and learning everything may deter them from ever starting. They usually have no idea how to get the products into stores either.
The solution?
They make the products, and they ship the orders. I take care of the website, and the costs associated with it. I focus on the traffic, and the costs associated. If im more knowledgeable than them at something, and they need consulting then I handle that.
I want to be able to offer a marketplace for people to sell their product, and be found rather than being tucked away on the internet somewhere on a bigcartel page nobody knows about.
I will collect a commission off each item sold, and the goal is to eventually move over into offering fulfillment, and possibly some manufacturing solutions.
Now the problem moving forward is going to be getting the vendors to list their products to a brand new site thats empty. How would you do this?
Any criticism or answers?
I think im ready to get started again. Previously I created a product that I wanted that I thought other people might want, and quite frankly now that I look back on it, I don't even think I want it. I don't think other people wanted it either.I wasted resources, but I learned a whole lot. The barrier to entry was too high, there wasnt that big of a want or a need, it scaled, and I had control, and it divorced me of time, but I didn't have all of them. I learned from it though, and I moved on. I have gone through a few ideas since then recently, and each one is a learning experience. Now im in a position where im wiser, and I have a job that will support me, but also allow me to work on my next project 6 of the 8 hours while im at work.
(end of prologue)
I have already started working on my new project. It is going to be an online marketplace. It solves a need for the vendors, and it fulfills a want for the customers. The barrier to entry is the work it will take to get everything set up as far as development, marketing, etc. The control can be good, and bad. I cant keep a vendor from leaving if he wants to, but I will still hopefully have a marketplace full of other vendors. I can scale it up by encouraging more vendors to join, and add more products. I can add my own products etc. Time shouldnt be an issue considering products are being sold. Everything seems to be met.
The marketplace is sort of like etsy but instead of it being for primarily women its more for men/young adults. I found out that lots of people are making products, but the products usually dont make it to store shelves, and people dont really have a good way of finding them.
Some of the products are awesome, but the people selling them have to set up a website, drive traffic to it, and do a whole bunch of work, and they usually don't make a lot of money off of it so they quit. Or they have an idea, but the thought of setting up a website, and learning everything may deter them from ever starting. They usually have no idea how to get the products into stores either.
The solution?
They make the products, and they ship the orders. I take care of the website, and the costs associated with it. I focus on the traffic, and the costs associated. If im more knowledgeable than them at something, and they need consulting then I handle that.
I want to be able to offer a marketplace for people to sell their product, and be found rather than being tucked away on the internet somewhere on a bigcartel page nobody knows about.
I will collect a commission off each item sold, and the goal is to eventually move over into offering fulfillment, and possibly some manufacturing solutions.
Now the problem moving forward is going to be getting the vendors to list their products to a brand new site thats empty. How would you do this?
Any criticism or answers?
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