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  1. NMdad

    Taking a physical store online; getting feedback from customers

    Seems like consumer electronics is a fairly commoditized business. So, what value can you add to the consumer's experience? What do they need and/or want that you could provide--beyond simply selling a product? For example, maybe recommended models of refrigerators for a consumer in X, Y, or Z...
  2. NMdad

    Working towards working with what I love - will it work?

    MINDSET 
    As a chemist, you might consider thinking for ideas along the lines of a simple consumable product. For example, Icy Hot (an analgesic balm); you might check out how Jay Abraham (marketing genius) grew the product/company from low 6 figures to 8 figures: From the Vault: Tony Robbins & Jay...
  3. NMdad

    Brand Creation, my story

    EXECUTION 
    Since you've already spent a fair amount getting these made, and they're already on their way to a warehouse, I'd get orders. For the people who were interested on FB & Instagram, you might consider reaching out to them, joining & posting on other similar FB groups, forums, etc., creating &...
  4. NMdad

    A Falcon's flight

    EXECUTION 
    What's your biggest challenge, and how can we help you?
  5. NMdad

    Boring Business (don’t bother reading)

    Another angle to consider is with some hydronic heating systems (AKA radiant floor heat), the 1/4" tubing in the floors can get clogged with hard water, making the entire heating system less efficient, potentially corroding the tubing, etc. So, plumbers who specialize in hydronic heating systems...
  6. NMdad

    Entrepreneur/Inventor Needs Help, Stationary Product

    HOT! 
    I agree with @biophase: Do people actually keep brochures? If so, who specifically? I don't keep brochures & no one I but there might be a specific, select group of people who do. Either way, the fastest way to test would be to list them on Amazon. If no one buys, change your product name...
  7. NMdad

    Let's Talk About Entrepreneurial Depression

    GOLD! MINDSET 
    Thanks for voicing this rollercoaster. During the valleys, it's easy to feel alone/hopeless/depairing/etc. Regarding suicidal thoughts: I'm continually amazed by the effect of even 1 night's sleep has on resetting the brain biochemical cocktail. Then, days afterward, looking back on those dark...
  8. NMdad

    How to evaluate existing Internet business for purchase

    Yeah, sounds like more due diligence is needed to verify income--Excel sheets are far from actual proof. I'd want to log in to their ecommerce account to see actual sales; then look at actual expenses, etc. to determine actual PnL numbers. You'd probably be interested in reading @Greg R's...
  9. NMdad

    Consulting guidence when you start a business? Helpful?

    For guidance on creating a physical product business, read through the threads where folks have built physical products--they have real-world experience on doing it. Depending on the consultant you're getting advice from, if they haven't built a physical product business, they'll only be able...
  10. NMdad

    What are my options to get started

    Not sure that thinking about your strengths provides much specific direction. For example, one's strengths could be applied to ANY type of biz--ecomm, infoproducts, local service, physical product, real estate, etc. Sounds like you're looking for a specific idea or biz type that has a guarantee...
  11. NMdad

    Why do certain environments distract you more and keep you less motivated then others?

    Do it anyway. This is a rep (like with weight lifting) that'll build mental toughness. The more hard things you do, the more hard things you'll be able to do. Remind yourself that by doing the hard thing, you're moving yourself forward. Commit to yourself to spend only 5 minutes on a specific...
  12. NMdad

    Why do certain environments distract you more and keep you less motivated then others?

    I'm a solopreneur, and I rent a small office that's a short drive from home--so, it's NOT in my house. Working from home has its pros & cons--lots of distractions is the main con. I also work at coffee shops, typically in the afternoon when I'm feeling low energy, since I get more done when...
  13. NMdad

    2 Businesses and a Day Job - Path Forward Suggestions?

    For my consulting, I've found that I can outsource pieces of things once I do the scoping/speccing, then break down the task so someone with more generalized skills can do it without needing my specialized knowledge/expertise. That said, I still think much of what I do would require extremely...
  14. NMdad

    Ask Me Anything About SaaS ( I'm building my 7th )

    GOLD! HOT! SAAS / APPS 
    Correct, it's mostly for legality reasons. Some background: I've been consulting for clients who use a specialized ERP for 12 years, and a couple of my long-time clients independently asked me to build a SAAS to solve a problem--so, same functionality for both clients, and I've talked to other...
  15. NMdad

    2 Businesses and a Day Job - Path Forward Suggestions?

    Your consulting situation shares similarities with mine: niche expertise, solid demand, but you're the person who has to do most of the work. A few options you might consider: Outsourcing/delegating: Depending on the type of work/project--especially if every project is different--this may be...
  16. NMdad

    Ask Me Anything About SaaS ( I'm building my 7th )

    GOLD! HOT! SAAS / APPS 
    Apologies if something like this was already asked. I'm building a SAAS with a colleague who's doing most of the development; I'm doing ~20% of the development, plus all the client management, & the clients will pay me (after which, I'll pay my colleague per our split agreement). So we're...
  17. NMdad

    Stay-at-home dad with a $100k budget to start a side business while parenting. What business do you recommend?

    SIDE HUSTLE 
    Agree. And look deeper into the industries you've already worked in: most people want to jump ship and do something in a completely different industry than their day-job, while there's gold right under their feet solving problems in a niche they already know.
  18. NMdad

    Morale decrease

    MINDSET 
    Indeed. Something I try to keep in mind when I get into a mental funk (and not the groovy James Brown or Parliament kind of funk...) is that that cruddy mindset & outlook is simply the product of a nasty biochemical cocktail swirling around my brain--literally, that's what it is. So, depending...
  19. NMdad

    Question about focus

    For content-based websites, there are a number of ways you can monetize (ads, affiliate sales, infoproducts, flip the website, etc.). I've see people flip websites that are monetized via ads and/or affiliate sales. But to me, it seems like that's leaving a lot of money on the table, since...
  20. NMdad

    Morale decrease

    MINDSET 
    I think these morale slumps are common, but they result from specific thoughts, especially: "Nothing I do works." That thought would stop any rational person from wanting to take action. But tweaking that thought to something like: "What I've tried so far hasn't produced the results I...

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