Alright, just as I said. I would post some results from my Reddit tests.
It seems that the folks need to see something tangible. I still will need to develop a cheap prototype and have 50-100 batches.
I spotted a competing product being used by someone from today's meeting. I borrowed it for a while and tried using it. Not as good. Needs modification, and perhaps a bit on the aesthetics. I was flabbergested to find it priced at RM50. RM50??? You could buy a good dinner with that. Should knock it down to a fraction of the price. Underpricing can perhaps be a good secondary value attribute as long as it begins at the start of a sales funnel.
Speaking of sales funnels, I started studying up on the sales funnels of different companies in other industries. Do their products match? Are they complementary? What do the blogger pundits say about them? I even checked up some of their developments on the Wayback machine to see progress in action. Oddly, my field doesn't have visible sales funnels even with decent e-commerce storefronts. I wonder why.
I have been spending more time on diesel and coffee, courtesy of meetup.com.
Literally. I just order drinks instead of food, so that I can listen to people talk and take notes.
Coming back from this odd thread of mine...
RANT - Just When I Thought I Had it all Figured Out....
..I mentioned how in my first forays into meetup.com, I ran into another Amway trap and was fortunate to get out alive.
Today, I went to TWO meetups.
The first was a morning meeting for a money management meetup.
I met a guy working with Great Eastern insurance company and another younger college guy who did a banking and finance degree.
They discussed a rather Slowlane method of saving and planning, but I found it sound as they discouraged rash spending on speculative investing and urging me to develop a 'million dollar skill' to scale up, possibly in a biz.
Then they suggested to me an evergreen market to start out from ,which many professional like doctors and lawyers had joined for the networking. God knows what....it was selling INSURANCE....
The folks weren't pushy, but discussed matters in an educational way, which I'll give them credit for. They explained that:
1. The professional folks that come by can network and get referrals or industry know-how from each other.
2. Selling insurance is protection against uncertainty. In fact, it is merely a concept, not a product.
They invited me to pop by at their office to see how they do stuff and even a free entrance to one of their weekly meetings. I promised I would find time to hop by, for the sake of connections. Never know when you will need insurance folks.
Around the last few minutes, some crypto guy from Belarus popped by at the meeting. He started telling his long tale on working with some other blockchain folks looking to produce some open-source platform with more accurate popularity or ranking systems. Once he started pouring the jargon, the insurance guys said bye and left lol.
The guy spoke rather liberally, so I chatted with him for an hour while he worked on a Github article to explain how to fix a certain issue. There were many things we talked, but he recommended me a book called 'Doughnut Economics'. Later, I saw some videos on it, and found that it talked on some falsities of modern economical theories, as well as some suggestions to ammend that.
Later at night, I met with a group of REAL entrepreneurs for the first time in a long while. With REAL businesses. Some did property. Some did apps catering to Chinese folks. One did event organization. One did counselling for MNCs and government companies. We shared business tales, personal choices and lots of others that Fastlaners like to discuss here in this very forum. I recorded LOTS of insights from our discussions, some probably helpful to know them a tad better for upcoming meetups.
When I mentioned my work on Upwork, one of the folks took interest in it. I got a gig from him to help him out with a clipart biz selling pics for US teachers to put on kids' worksheets. The guy said it was more of a hobby to him now as he was too lazy to up the social media marketing. The guy actually asked me to be his PARTNER for that, but I told him to just get me on a contractual basis at first.
Weird. Why ask a stranger to partner up?
So things to look into:
1. Chart some time to work with the clipart guy-prepping some invoices and revving up the Wave accounting app
2. Get a prototype done and some more accurate market hypothesis to benchmark from for further testing
3. Sell off some college books for some quick capital and buy some cheaper second-hand books for my upcoming uni sem
It seems that the folks need to see something tangible. I still will need to develop a cheap prototype and have 50-100 batches.
I spotted a competing product being used by someone from today's meeting. I borrowed it for a while and tried using it. Not as good. Needs modification, and perhaps a bit on the aesthetics. I was flabbergested to find it priced at RM50. RM50??? You could buy a good dinner with that. Should knock it down to a fraction of the price. Underpricing can perhaps be a good secondary value attribute as long as it begins at the start of a sales funnel.
Speaking of sales funnels, I started studying up on the sales funnels of different companies in other industries. Do their products match? Are they complementary? What do the blogger pundits say about them? I even checked up some of their developments on the Wayback machine to see progress in action. Oddly, my field doesn't have visible sales funnels even with decent e-commerce storefronts. I wonder why.
I have been spending more time on diesel and coffee, courtesy of meetup.com.
Literally. I just order drinks instead of food, so that I can listen to people talk and take notes.
Coming back from this odd thread of mine...
RANT - Just When I Thought I Had it all Figured Out....
..I mentioned how in my first forays into meetup.com, I ran into another Amway trap and was fortunate to get out alive.
Today, I went to TWO meetups.
The first was a morning meeting for a money management meetup.
I met a guy working with Great Eastern insurance company and another younger college guy who did a banking and finance degree.
They discussed a rather Slowlane method of saving and planning, but I found it sound as they discouraged rash spending on speculative investing and urging me to develop a 'million dollar skill' to scale up, possibly in a biz.
Then they suggested to me an evergreen market to start out from ,which many professional like doctors and lawyers had joined for the networking. God knows what....it was selling INSURANCE....
The folks weren't pushy, but discussed matters in an educational way, which I'll give them credit for. They explained that:
1. The professional folks that come by can network and get referrals or industry know-how from each other.
2. Selling insurance is protection against uncertainty. In fact, it is merely a concept, not a product.
They invited me to pop by at their office to see how they do stuff and even a free entrance to one of their weekly meetings. I promised I would find time to hop by, for the sake of connections. Never know when you will need insurance folks.
Around the last few minutes, some crypto guy from Belarus popped by at the meeting. He started telling his long tale on working with some other blockchain folks looking to produce some open-source platform with more accurate popularity or ranking systems. Once he started pouring the jargon, the insurance guys said bye and left lol.
The guy spoke rather liberally, so I chatted with him for an hour while he worked on a Github article to explain how to fix a certain issue. There were many things we talked, but he recommended me a book called 'Doughnut Economics'. Later, I saw some videos on it, and found that it talked on some falsities of modern economical theories, as well as some suggestions to ammend that.
Later at night, I met with a group of REAL entrepreneurs for the first time in a long while. With REAL businesses. Some did property. Some did apps catering to Chinese folks. One did event organization. One did counselling for MNCs and government companies. We shared business tales, personal choices and lots of others that Fastlaners like to discuss here in this very forum. I recorded LOTS of insights from our discussions, some probably helpful to know them a tad better for upcoming meetups.
When I mentioned my work on Upwork, one of the folks took interest in it. I got a gig from him to help him out with a clipart biz selling pics for US teachers to put on kids' worksheets. The guy said it was more of a hobby to him now as he was too lazy to up the social media marketing. The guy actually asked me to be his PARTNER for that, but I told him to just get me on a contractual basis at first.
Weird. Why ask a stranger to partner up?
So things to look into:
1. Chart some time to work with the clipart guy-prepping some invoices and revving up the Wave accounting app
2. Get a prototype done and some more accurate market hypothesis to benchmark from for further testing
3. Sell off some college books for some quick capital and buy some cheaper second-hand books for my upcoming uni sem
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