Great Business Idea: Very Inspiring story MyWhiteWalls.com

Posted in business ideas, Business Plan, Inspirational with tags , , , , , , , , , , , , , , , , , , , on April 8, 2013 by cdogmaximilian

MyWhiteWalls.comI follow r/Entrepreneur on Reddit.com and I recommend you do too. Because every once in a while there is a post by interesting high achieving people.

For example two days ago there was a post by jwitham2002 which was celebrating his 5 year anniversary of being in business. Continue reading

3. Introduction of the business

Posted in Business Plan with tags , , , , , , , on March 28, 2013 by cdogmaximilian
  1. Description of the product/ service you intend to manufacture or sell.
  2. Historical Idea about how the idea originated
  3. Motivation why you believe the idea is viable
  4. Your short, medium and long-term business goals and objectives.
  5. SWOT analysis of your business idea. Continue reading

1) Front page and contents page

Posted in Business Plan with tags , , on March 26, 2013 by cdogmaximilian

This should include:

  1. Name of the business
  2. Legal format of the business (In South Africa we have CC’s, PTY LTD, Partnerships and Sole proprietorship)
  3. Name of the owners
  4. Business street and postal address
  5. Telephone/ Fax numbers and other contact information.
  6. Logo
  7. Slogan for your marketing statement
  8. Contents page with headings, categories and page numbers.

Posted in Business Plan with tags , , , on March 26, 2013 by cdogmaximilian

Business plan picture

I’m currently studying Entrepreneurship for small business development (a short learning course at Varsity college) with the goal of writing a business plan which will be at a level that you could present to a financial institution or venture capitalist to get funding for your venture.

Recently we have been going over the requirements for your business plan. I’m going to write down a check list of all the things you should include in your business plan.  Continue reading

My Goal

Posted in Goals on February 12, 2013 by cdogmaximilian

I’ve decided that I want to make money online, in some form or another. Either by offering a product. Or by refferal income to other products. Or by creating a physical product and selling that.

The problem that I have realised is that there is a distinct difference between the knowledge I have and the knowledge I need to make it happen. Continue reading

An Idea: thisiswhyimbroke.com

Posted in business ideas on January 17, 2013 by cdogmaximilian

The founder of thisiswhyimbroke.com recently did an AMA on Reddit. Which I found very interesting.

Here is the link for anyone interested.

This site is such a great idea, with a perfect layout that maximizes user interaction. Its literally just an excuse to advertise products to customers. With the idea that what ever item the customer sees they will be entertained by it.

The site doesn’t try to sell boring items flat screen tv’s or computers or software. It brings you the newest most interesting items from around the web.

Some of the features that the founder said were integral to the success of the site are:

– Infinite scrolling

– Extremely polished product photos ( That instantly explains what the products function is)

– Occasional humour and sarcasm in descriptions

– The general emphasis on user experience as opposed to generating income.

The last one I think is a biggie, because most of the sites incomes come from affiliate income. Subsequently you would think that they would only choose products to list that supported affiliate programs like Amazon, Etsy or electronic stores. But many of the items listed don’t.

They meet the necessary criteria of being novel interesting items that other people may enjoy being exposed to.

So far I’ve discovered 3 other sites that have the same goal in mind.

Best Money I’ve ever spent

Shut up and take my money

Take my Paycheck

The concept is the same, none of these site’s actually hold the products they are advertising. They just sell the most interesting items to the best of their ability.

I don’t know if the market is saturated, maybe the English market is. This opportunity for a website is still available in other languages.

The founder says that now his site brings in over 6 figures every year, that’s over $100000.  Amazing. If I could generate $30 000 I would be amazed.

I love the site, and the idea. The more I think about it the more I want to start a similar site.

Posted in Uncategorized on January 17, 2013 by cdogmaximilian

Its been 3 years since I last blogged. Reading over those posts I realize what an awesome person I was then. Not so sure I’ve improved in that time though.

Anyway, blogging to me feels therapeutic as I get to put all my thoughts in one easily accessible place. Ideas, inventions, businesses and then who ever might see the blog can keep me accountable to my posts.

Idea coming up in the next blog post so I can keep track of it.