I need some advice!!!
For starters, forgive me in advance for an overall lack of knowledge when it comes to internet businesses and the proper verbiage.
I have been in a period of brainstorming for a few weeks now. In the process of doing so, I have come up with several ideas, all of which I believe with the right planning and organization, have the potential to be big. Some of them, I see as potentially being huge.
This is the one that has my juices flowing most right now, and the one that I believe has the most potential to be extremely successful. The biggest challenge right now is that it is a web-based business and I know little about the field.
General Overview:
- A free to use, automated website that links to multiple online news resources, providing a very niche product extracted from these news resources.
- I assume I would need the permission of these resources to use their content.
- My first thought on getting around this would be contacting them directly and setting something up where by allowing me to use their content I site them as the owners of the content and link my website to their websites, and hopefully vice versa, thus generating traffic to my site from theirs. If they declined, I would move on to the next one. I don't know if E-business is done this way, but it is the model I have come up. Relating to gaining access to the content, I'm not sure if there is more that I would need to do???
- I am just now developing ideas of how the website would generate revenue. I am very much in the dark when it comes to understanding how money is made in websites that don't actually sell a product. Adsense (?) and pay-per-clicks (?) are just a couple of things I have seen referenced here on the Fastlane, but they are very foreign terms to me.
Some of the biggest positives I see in this idea:
- The name of the site (still available in .com) is easily remembered and easily spelled, and
completely relevant to the content. Infact, I'm stunned that it is even available.
- If I can figure out what I am doing, I could set this up so that it would require minimal
attention from me to operate and grow.
- The content would be entertaining and relatable to most of its readers.
- It would have a great "word of mouth" advertising appeal to it.
- And lastly, once I understand how to build it and operate it as a business, and build its name
and find success with it, it would be (at least I think) easily sold for a pretty solid amount of
money....Down the road (Exit Strategy).
I would love to hear some feedback.
Thanks,
Andy
For starters, forgive me in advance for an overall lack of knowledge when it comes to internet businesses and the proper verbiage.
I have been in a period of brainstorming for a few weeks now. In the process of doing so, I have come up with several ideas, all of which I believe with the right planning and organization, have the potential to be big. Some of them, I see as potentially being huge.
This is the one that has my juices flowing most right now, and the one that I believe has the most potential to be extremely successful. The biggest challenge right now is that it is a web-based business and I know little about the field.
General Overview:
- A free to use, automated website that links to multiple online news resources, providing a very niche product extracted from these news resources.
- I assume I would need the permission of these resources to use their content.
- My first thought on getting around this would be contacting them directly and setting something up where by allowing me to use their content I site them as the owners of the content and link my website to their websites, and hopefully vice versa, thus generating traffic to my site from theirs. If they declined, I would move on to the next one. I don't know if E-business is done this way, but it is the model I have come up. Relating to gaining access to the content, I'm not sure if there is more that I would need to do???
- I am just now developing ideas of how the website would generate revenue. I am very much in the dark when it comes to understanding how money is made in websites that don't actually sell a product. Adsense (?) and pay-per-clicks (?) are just a couple of things I have seen referenced here on the Fastlane, but they are very foreign terms to me.
Some of the biggest positives I see in this idea:
- The name of the site (still available in .com) is easily remembered and easily spelled, and
completely relevant to the content. Infact, I'm stunned that it is even available.
- If I can figure out what I am doing, I could set this up so that it would require minimal
attention from me to operate and grow.
- The content would be entertaining and relatable to most of its readers.
- It would have a great "word of mouth" advertising appeal to it.
- And lastly, once I understand how to build it and operate it as a business, and build its name
and find success with it, it would be (at least I think) easily sold for a pretty solid amount of
money....Down the road (Exit Strategy).
I would love to hear some feedback.
Thanks,
Andy
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