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Table business (soon to be named) and VectorVictory.com are neck and neck. Who wants to break the tie?
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Free registration at the forum removes this block.How about both?
Vectorvictory.com is easier to setup as where the table business requires more work, networking and research.
Start with vectorvictory.com but adjust the idea towards less loose ends. Execute it following a plan that, when it is up and running after a certain timeperiod, it doesn't require your attention every day or at least the whole day. Maybe automate it or have someone else managing it.
In the meantime do research and networking for your table business. But follow through!
Be aware that I don't have any idea how time-consuming both things are and if you have the energy and are capable of dividing your focus on both things.
Yeah, it will take a while to get up to 1000. That's 20 tables per week. We'd need to have some systems in place, but I think we could get there within a year, i.e. getting to 20 sales per week by the 53rd week.
I remember the couple that came to buy the table from us for $450. They didn't blink an eye. And we had a lot of other people interested. I was really surprised by the demand. Then we got the custom job for a kitchen nook. The table was really small, only 3 feet long with two benches—one L bench and one straight bench. Here's a pic that the customer took the night after we delivered it to her house:
View attachment 18349
I'd like to keep it to just tables, rather than lots of custom jobs.
Would you expand on that?2) I think there's a lot of opportunity for SaaS businesses in the RE Space.
Stunning picture. The word table alone does not do this justice.
The first things that comes to mind are: enclave. Retreat. Nook. Dining set. These say so much more than just table. Maybe combine them - retreat in style and comfort to your private enclave and savor the moments... Ah yes, now that describes what I'm seeing so much more!
Honestly, I like the apartment route, but not the App thing you mentioned.
1) You can do deals that have large MAGNITUDE in RE especially if you have capital or access to capital (Read @SteveO Posts)
2) I think there's a lot of opportunity for SaaS businesses in the RE Space.
I'm not sure how much of a marketing background you have, but I would do another analysis on how you plan on getting customers for each opportunity you mention as they are vastly different from each other.
Would it make sense to partner up with Design Pickle? "You're missing out on customers that might need your design services, just because you can't deliver in their preferred vector format. Meanwhile I'm not that great at design. We each have a big hole in our offering that the other can fix. So you keep marketing and send the vector business to me, I'll keep marketing and send the design business to you, and we'll both benefit."There is already a company doing design for $370 per month—Design Pickle, so the differentiator I'm offering is not design but vector art and logo design, the things Design Pickle explicitly said they wouldn't do.
Yes! I thought about that. That's a great idea. We could refer back and forth. I'd need to build something worthy of getting their attention first, at least that's my assumption. Thanks for jumping on the thread. Did you vote on the poll? If you have, thanks, if not, I'd be indebted to you.Would it make sense to partner up with Design Pickle? "You're missing out on customers that might need your design services, just because you can't deliver in their preferred vector format. Meanwhile I'm not that great at design. We each have a big hole in our offering that the other can fix. So you keep marketing and send the vector business to me, I'll keep marketing and send the design business to you, and we'll both benefit."
Lots of details to hammer out for pricing, revenue sharing, etc, but it might make your vector business more viable.
What's the market size like for a service like this? I just can't see many people/companies paying that kind of money for a monthly subscription, and anyone that is interested is likely already on board with Design Pickle. Additionally, the companies that need this kind of service typically have their own in house graphic designers and marketers. I don't think the value skew you proposed will be enough to steal clients from Design Pickle, but you must TEST the market. No one here can tell you the market-mind.VectorVictory.com
I like it. You could even pre-sell a solution like this to avoid startup costs. This will give you idea validation as well as capital to hire a dev team (assuming you don't program yourself).AptOffers.com
I don't really see the value proposition/skew here compared to other similar platforms. This one requires building a community, which will take years and likely requires authority.LaunchShit.com
Cool idea, but I see all sorts of issues with security. Voice activated access to your bank accounts sounds risky, and may be impossible to get banks on board.Sayve.me
What's the value proposition here? What are you selling, a good time?FaceValue.store
I think this one has a high probability of success when combined with your Good to Go idea. I would be a customer for sure.Good To Go
Not sure what the value proposition is on this. If i'm buying a drink, I want it to be a tasty or have nutritional benefits, I could care less if it was named after a comedian.DrinkSteve.com
Seems like a OK idea. I'm betting there's someone trying to do this already. I don't see subscription boxes lasting long term as services like Amazon will dominate the space. I want my specific combination of products, I don't want change or any surprises.Hygenie.club
Has some potential. People love buying into locally made furniture, I've seen it first hand. Issues with this will be scale.Tabl.store
What's the market size like for a service like this? I just can't see many people/companies paying that kind of money for a monthly subscription, and anyone that is interested is likely already on board with Design Pickle. Additionally, the companies that need this kind of service typically have their own in house graphic designers and marketers. I don't think the value skew you proposed will be enough to steal clients from Design Pickle, but you must TEST the market. No one here can tell you the market-mind.
How about unlimited graphics design AND marketing/copywriting? That's something I would pay for.
I like it. You could even pre-sell a solution like this to avoid startup costs. This will give you idea validation as well as capital to hire a dev team (assuming you don't program yourself).
This one grows on me more and more. Today, I thought I could just do this as a lunch delivery service to start. Create a menu, give some out to some of the larger organizations in town and offer to feed 100 people free one day in exchange for feedback. Then later, when I have the revenue, I could move into a taco truck AND the delivery service. Then on to more trucks.I think this one has a high probability of success when combined with your Good to Go idea. I would be a customer for sure.
This is the one that is most likely going to happen first, partly because of the feedback I've received, but also because I can involve my son. I'm motivated to be a good example and to help him learn along with me. It would be a dream to sell this thing for $5MM or so in 5 years and set him up by the time he's 20 or 21.Has some potential. People love buying into locally made furniture, I've seen it first hand. Issues with this will be scale.
Speaking of genius teachers that broke free and became wildly successful...
(I'm looking at you Dave)
Stephen King was a "lowly" English teacher before he decided to become a writer.
J.K. Rowling, although not a teacher, was on welfare when she finished her first Harry Potter book. She also had applied to Oxford University at one time, but was turned down. She is the most successful author ever, in the entire world. I often wonder what she would have become if things went her way and she did not have so much difficulty in life...
Hmmm. Something to think about. That's a bit scary.I would not sell benches without getting professional legal advice. There's only a few makers of ladders in the world because people suck and they are stupid. One 400-pound Jimbo hurting his back when your bench collapses would be a nightmare.
VectorVictory.com has the best potential. This service is in high demand. Subscription service is the way to go.
Personally, I dislike designpickle a lot. Some of their design work is bad and lazy, in my opinion. They shine in advertising though. I see them on youtube all the time.
Analyze the mistakes they're making. Analyze the bad reviews. Improve where they fail and you have a winner. If you can execute well, the rest is history.
Thanks for the reps Hugh!Thanks! I haven't seen a lot of Design Pickle's design. I need to dig a bit deeper there, but I was a bit underwhelmed by the design of their website. It's not quite finished. However, assuming they're telling the truth, they're saying that they have 2700 active clients. That's quite good.
I appreciate the advice and the vote. +Ref
Awesome. Thank you!
Thanks for the reps Hugh!
Read this article HERE. You're gonna like it. It's inspiring.
edit* you may have read this article already lol.
@Hugh Nivers
Congrats on taking the first steps towards something awesome. Your posivity shows through in your posts and I think that’s awesome. VectoryVictory will be my vote. It seems like design pickle has done a lot of heavy lifting in terms of deciding if there is a market for subscription/contract design services. The comment about possibly partnering and an exchange of work/clients is golden.
As a commercial re broker who has worked on only MF and retail, I don’t think the apt idea has legs. The main issues being the proforma and one page sales/OM type concept (no better word for it lol). I think these are both issues because how do you set the templates or determine what metrics are included in both? I’ve seen basic back of napkin proformas and full 10 year Argus runs. Everyone/each entity evaluates properties differently. Coupled with certain markets using cap rate, grm or price per door, etc as a metric for the value add portion of the purchase. How do you price this variety and what segment of the market are you going after? The value add market is extremely saturated...when I have people call on my listings or tell me that they’re value add Buyers looking right now, I immediately peg them as unsophisticated/not real. Most importantly, as a former M&M guy I’m sure you had somebody on staff who pumped these kind of things out on the regular. I think all of the large guys (CB, M&M, Colliers) are moving towards proprietary type solutions for these types of scenarios, in which they’re offering them to clients in the hopes of getting deals done. In my market I’m starting to see development + spin proformas being done by the brokerage houses for their smaller development clients. And there is a group doing Argus runs for mid to larger Buyers...I’ll see if I can find a link. Best of luck, I’ll be watching to see what awesomeness you brew up.
Vectorvictory and AptOffer have my votes. for one thing you have the skills and resources to start vectorvictory immediately. What's more you don not have to wait to get graphic artists on the service first, since you can do designs yourself. The other idea AptOffer also looks good to me, though it might need some more time to take off.
I go with Vectorvictory.
How old is your son? It is likely that he could get involved in any of these business ideas. Don't fall in love with a biz idea for the wrong reasons. "Do you want to be right, or do you want to be rich?"Two days left in the poll and although the table biz is in second place, I'm leaning in that direction because of the opportunity to build it with my son
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