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  1. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    Awesome, good to hear! Given yours and others' responses, my next step is to execute on an MVP. It may take a little while but I'll be sure to report back when it happens. Thank you!
  2. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    Thanks! The mindset shift has been a complete game changer. Grateful to the book for pointing out the science-backed studies that made it click with me. Congrats on the MVP, that is awesome! Very inspiring to hear that you were able to fully execute on your idea. I would certainly be...
  3. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    Awesome! That is great to hear. I think at this point the idea seems to hold its own weight, and value will now come from refining and executing on it. I'll be sure to post here when there's an MVP to check out for those interested. This really clicks with me - and the idea of offering a...
  4. openwater

    I am quitting my 9-5 this week. I am scared.

    HOT! INTRO 
    My only advice would be to make sure you have something to run to and not just something to run away from. What's your plan of action? What are you going to build, and how is it going to offer value? What is your roadmap to profitability? The magic number is usually around 3 years in. Can you...
  5. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    Wow! I hadn't thought of it this way. As someone new at this, I have an unreasonable and unconscious bias against asking people directly for money - what if I can't live up to their expectations? What if I don't provide enough value? What if....? But your insight that membership fees could help...
  6. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    Thank you all for the insight/feedback. It's been incredibly helpful. If I were doing this "by the book" I suppose the next step would be to set up a landing page with email sign up and point some ad spending at it, and see the conversion rate. However, web development in general is a big gap...
  7. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    Very interesting! So perhaps there's functionality to "follow" your brand and see specifically what kind of feedback your products are getting. Even more advanced would be soliciting feedback through the site itself... maybe some kind of survey comparing your product to competitor products. I...
  8. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    Valuable insight - which may also influence how the revenue model is set up. Thank you!
  9. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    Great ideas! I think these metrics would be valuable. I'm initially unsure where to find data like this - perhaps would have to pay for it, which is not necessarily a bad option. There are probably sneaky ways of estimating these figures through publicly available data. Or even better, from...
  10. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    Yes that's the plan. In this free model, revenue comes from ads / affiliate links. Alternatively, if the free model is not viable, there can be a model where you get access to a free tier with an optional up-sell to more in-depth analytics, or 30 days of full access before requiring payment...
  11. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    As an aside - thank you and the above posters, this is very helpful in refining the idea. Taking your dog health supplements example - the results will show the competing products in your category, let's say: Brand A - Omega-3 Soft Chew Vitamins Brand B - Natural Hip and Joint Supplement Brand...
  12. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    Interesting - so maybe the lack of competition is just because it's a tough nut to crack? At a high-level, the system would leverage natural language processing to curate data from various sources. In your example of the tools for plumbers - that's exactly right. It'll (attempt to) tell you...
  13. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    Fair enough - I'm sacrificing clarity in exchange for trying to protect my completely unexecuted idea. My bad. You'll be able to access the site for free - no payment to me. In return, you'll be able to see the top needs of the marketplace for a product category of your choosing. For example...
  14. openwater

    Idea: eCommerce "Value Skew" Ideation Tool

    IDEA 
    Hi all - if you get a moment, your vote / feedback on this product idea would be incredibly helpful. High-Level Idea This website aggregates real-world data on existing consumer needs in the eCommerce marketplace. (Leaving this relatively high-level to not explain the secret sauce in too much...
  15. openwater

    Building a new Software for Artifical Intelligence

    WEB/DIGITAL 
    Very cool! I think there is lots of room for making model deployment more painless. One piece of feedback on the website copy - I'd prefer to hear the benefits you offer as opposed to the features of your system. You allow me to train and deploy models, integrate with your API, trigger with...
  16. openwater

    Searching for a strong emotional meaning and purpose don't have one yet

    HOT! MINDSET 
    New here but maybe can lend two things that have helped me. The first is actually something that clicked while reading TMFL. I've heard advice in the past to take note of what brings tears to your eyes, with a strong emotional reaction (positive or negative). For me, it's reading/seeing news...
  17. openwater

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    Wonderful book! Truly inspiring.
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