What's new

Is this how I should start my website?

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Join Today
Download Books
No Ads? Join Insiders
Forum membership removes this block.
AMCarbonaro said:
They wouldn't be called investors? The site beRecruited.com: Free College Recruiting Service and NCAA Athletic Scholarships Network has colleges. lets say this site was not created. a guy wanted to create it. He went to 80 colleges and told them the website idea, and he said i need 1 thousand from each college to create the site. that's what i need. and for them giving me the 1 thousand each, the site is created and they can browse athletes to help with their sports. Get it now?

Then how would I build the site. I'm 16 years old with no experience, and no money. That's why I'm on this site. to get help.
Click to expand...

In two years, you'll be 18 years old with no experience, and no money.

In 10 years, you'll be 26 years old, with no experience and no money.

MJ had something like $900 at the time? And guess what... no experience.

Try a smaller project to begin with if you think this one is too complicated. One step at a time.

No money? Learn to code. Anything and everything you could ever want to know is written in a book somewhere or on the internet for free.
 
AMCarbonaro said:
Its not colleges. that was just an example.
Click to expand...

The same still applies. It's a tough sell with a product, exponentially more difficult *without* a product.
 
Over the past 2 pages, you've been given a great amount of advice. OPEN YOUR EYES!!!!!

Creating a business, a website, a product is a PROCESS not an EVENT!!
 
You're seriously not 'getting' it... So I give up for now :)

Time to get back to building one of my websites... and guess what, when I started (about a month ago) I had $2.25 in my bank account... now I operate 3 different sites.. and guess what else... I had absolutely no experience.

I still don't have all the answers, but I learn them as I require, and as I go along on my journey.

Best of luck to you! :)
 
I think maybe you should consider starting out with your item 3, forming a business plan...not for investors, but for yourself. Taking the time up front to think out how this business will make money (from either or both 'investors' and musicians), in what amount, and along what timeline is a critical step in figuring out whether this idea can really turn a profit.

Do the thinking and planning now, and you can focus on bringing in the customers who earn you more, and also create a real budget...deciding to spend $70k on a specific developer just because they said thats what it will take is silly...you need to know how much you can afford to spend.

I also think you need to consider different terminology for your investors. When you call them that, it implies that they are providing you with money in exchange for sharing in the company's profits. It sounds like you mean them to be some tier of customer, separate from the musicians, in some kind of matchmaking. Maybe you can call them Sponsors, or Industry Members, or something else for clarity?
 
AMCarbonaro said:
The investors would not own any part of my company. It would be my partner and I only. The investors would be involved with my website, not own part of it. Hey business, would you like to invest so I can create a site which could change the way you do business with your customers? That's what I'm asking out of these investors or businesses. Not give me money and Ill give you a % of the revenue.
Click to expand...


If you find investor's that don't want a piece of your business, can you introduce them to me? I have a million ideas and if I can find investor's like that than why the hell not use them. What would I have to lose???
 
MamaD said:
What you're describing as investors actually sound like advertisers?
Click to expand...

Or customers. Investors are people that give you money expecting a return on that money. They aren't buying what you are selling.
 
Ah, I understand now. You're not looking for advice. You just want to show us you're willing to try and put a square peg in a round hole, regardless of how misguided the attempt might be. Determination is one thing; stubbornness is another.
 
Last edited by a moderator:
AMCarbonaro said:
How would I start a business?
Click to expand...

With all the advice given so far, no offense, you'll learn by failing on your first venture. You are most likely going to learn the hard way. BTW, I don't know if anyone has asked you...did you read MJ's book?
 
So I am an investor with $1000 ready to invest. I know I can make 25-50% return on my money in other investments. I have a lot of control of those investments and thus my rate of return. Those are my dollars, my workers going out to work for my welfare 24/7. My job is to protect my workers.

So you want some of my workers to come to your business. What are my workers going to bring back to me from your business? Contacts to musicians?

There has to be more than that for me to pull some of my workers away from their current jobs to go to work in your business.

I do congratulate you on thinking so young though. No one said this would be easy. You just may blaze a trail and show us all up. Good luck.
 
Well I looked up how to start an online business. I still don't know how. a couple pages talked about different types of corporations, and taxes.
 
20 minutes of research is NOTHING.

Success is extremely hard!!! That's why so few people are truly successful (in any and all aspects of life, not just financial).

Seriously dude...

What is it exactly that you want? A step by step guide telling you exactly how to do each and every thing necessary to succeed?

Because such a guide does not, nor will ever exist. It is up to YOU to make it happen!
 
Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
AMCarbonaro said:
Well I looked up how to start an online business. I still don't know how. a couple pages talked about different types of corporations, and taxes.
Click to expand...

These are tough lessons. You are learning them about 30 years before I did. Good for you.

When you approach an investor you have about 60 seconds to make your best pitch. They call it an elevator pitch because you have until the elevator stops to convince me to invest.

Talk is cheap. You have to have something to back you up, to set you apart from the crowd. You need a demo site. You need to build a cheap, quick site that will show exactly what the site will do. You need to clearly define what is in it for the investor.

You also need to make sure that you have the legal right to provide access to the musicians. That usually means some sort of contracts. Contracts can be shown to investors.

When you get a prototype built and functioning and a good pitch then you may be ready to approach investors.

Good luck.
 
AMCarbonaro said:
How would I start a business?
Click to expand...

It's easy. First you need to understand that you have a general idea for a website. I still don't understand why you think you need $70k. Those guys obviously sold you with their sales video. All those steps in that video are just the sounds of them sucking dollars out of you. You would be in those meetings and have no answers for their questions. At $50/hr, shit is going to get expensive.

So I'm assuming that you have no money right now.

What you need to do is build a website first or some type of working product. Buy a domain, get wordpress and put up a 2-3 page site. It will cost you $10-$50.

If you can't get a wordpress site, learn. If you are unwilling to learn how to get a wordpress site up, then those developers are going to eat you alive and ask you for another $70k to do all the changes that you will never understand.

Once you get the site up, you can probably get some "investors" or whatever they will be to join. Get one or two. Then get your students or "clients". Manually input their profiles as pages or whatever. Just figure a way to get them up there.

Now you have some semblanse of a product and can go from there.
 
Ah, to be young(er) with high speed internet. Honestly, if I were you I would focus on writing out the complete business plan assuming 2 things. 1.You have competitors somewhere and need to address them. 2. Every one involved in your business is in it for themselves.
 
it's the other way around.. create website, then get investors.

I'm creating a website to help do a small pilot locally. If that works, then we're working on a $20 milion deal.

you won't be able to do much with only a peper idea, unless you go to shark tank and give 51% of your company... and even then, they rarely invest without sales.
 
You must log in or register to reply here.

Navigation Shortcuts

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Fastlane Resources

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom