Monday, January 19, 2009

A Review - Newbie's Guide To Online Fortunes

Also subtitled 'The Simple & Easy Guide To Starting Your Very Own Online Business ASAP!'

The purpose of my blog is to provide you with truly valuable step-by-step information, lead you toward resources that I have found present real value, and, from time to time tell you what I think about some of the information I have found.

The comments that follow are strictly my personal opinion.

This 'Guide' is a resource that you can definitely live without. It's another of those valuable sources of information that I regret having given any hard drive storage space to. I have since deleted it, kept the title page (so I don't accidentally download it again) and thrown away the rest of the printout.

The e-book appears to have been written in 2004. The information is outdated, at best. The author is not known, which was a good decision on their part. Similar to a majority of other 'how to' guides you'll find, there is no 'how to' anywhere to be found. For example, you are instructed that when you have decided what your domain name will be, you need to check that no one else is using the same name. Good idea, but you aren't given any instructions on how to do so.

The document is loaded with grammatical errors, possibly (??) a result from difficulties encountered in translating. "By sitting in front of the computer, everyone in the world is now within your three feet". Huh? Last I checked, I don't have three feet. It is also fulled up with spellen erers.

There is one part of the document that has some benefit. If you are completely lost for an idea to start your own online business, there is a section that outlines some topics you might consider. But, only consider this as a last resort when you have no ideas of your own.

My recommendation is that you avoid this guide. Don't download it, waste your time reading it, and for the preservation of your good name - do not suggest to anyone you know that they do either.

Just my thoughts.

Thursday, January 15, 2009

Accomplishments Start With An Idea

Ever wonder what an entrepreneur does with most of his/her waking day? Most entrepreneurs are forward-looking thinkers and spend a great deal of their time envisioning what new ideas they can bring to the world.

Some of these ideas may not be original to them but rather a result of researching in archives to find previous work that never got past the idea stage of development. Due to technology available at the time, or resources, or capital, or any number of reasons, some ideas may not have been feasible when first conceived and therefore were kept for future use or reference. If the original circumstances preventing further development have changed sufficiently, some of those ideas may now have higher market potential. The entrepreneur may decide that now is the time to dust off this idea and do some further feasibility investigation.

A feasibility study is vital for every potential business venture. From the original idea, whether "new" or "dusted off", the entrepreneur begins to explore the level of need or want in the current market that the idea would apply to and. The research may even include conducting surveys of potential customers and meticulously recording the responses. This documentation can then be used by the entrepreneur to tweak and further refine the idea.

Market research comes before any serious development is done on product(s) or service(s). The entrepreneur recognizes that having the greatest product or service since sliced bread will be worthless if no one wants or needs pre-sliced bread. S/he may find, instead, that there is a huge market for making slicing-bread-at-home easier products.

Once an entrepreneur determines that there is a want/need to be satisfied in a market large enough to provide returns that justify the investment there are several choices they can make. They may decide to bring the product/service to market themselves; they may develop a prototype, patent it and license the rights to others; or, they may attempt to sell the idea and invest in someone else bringing it to market.

In today’s world, many entrepreneurs are found in the internet marketing business. A reason is that most internet-based businesses are potential money makers yet don't involve the same challenges of product/service production and distribution that revolve around a traditional manufacturing business. However, the process of developing and idea is still the same. To become a successful internet entrepreneur, the first step is to take your idea and determine if there is a market for it that makes further development worth your time and effort. Make sure you do your own research and gather as much information as you can before you convince yourself, that just because you think your idea is "can't miss", there really is a need/want for it in the marketplace.