The Young Man's Business Model(paultyma.blogspot.com)
paultyma.blogspot.com
The Young Man's Business Model
http://paultyma.blogspot.com/2008/04/young-mans-business-model.html
14 comments
I have another boring story. I was moving a treadmill with my Dad yesterday and we had to disassemble parts to fit it into a particular room. As we were working I told him about a treadmill I had owned, that folded up and had good wheels.
Lesson? Make and buy treadmills that fold.
The end.
Lesson? Make and buy treadmills that fold.
The end.
Thank you for putting it in a few sentences.
I like the idea that your business should be about helping other people make money. At least two ideas I submitted in my application to ycombinator actually build on that scheme.
Hyman Roth always makes money for his partners. One by one, our old friends are gone. Death, natural or not, prison, deported. Hyman Roth is the only one left, because he always made money for his partners.
Godfather II
Godfather II
There's good money in telling people how to make ... good money.
I don't think this trend of criticizing the ad-supported business model is fair. Whether you like it or not, having eyeballs is "valuable" and brands will always pay to be seen. It doesn't matter how old you are or how much "value" your app is bringing to the table, if the economy is up and you have eyeballs, you can sell ads and make money. If the economy is down, ad spending is cut and the ad-supported model struggles. The ad-supported model isn't dead merely because the economy is down lately. It will be back.
You can turn eyeballs into money, but it helps if they're the right eyeballs. The less discriminate you are in who you target, the less you understand your audience, and the less money you'll make per visitor. For some websites, this value will approach zero.
Knowing specific people who will use your product is important, if only to better understand your own value proposition. To rely on people discovering your site and immediately understanding what it offers them is silly. This is true regardless of your business model.
Knowing specific people who will use your product is important, if only to better understand your own value proposition. To rely on people discovering your site and immediately understanding what it offers them is silly. This is true regardless of your business model.
Good point, I think the real question is whether your ads can support your business and it's costs and growth goals.
For some it may not (see YouTube).
For some it may not (see YouTube).
More comments from the last time this was submitted to YCN: http://news.ycombinator.com/item?id=163083
I used to fix my dirt bike when I was younger and know exactly the type of screw he was talking about. The way the old-man went about solving the problem made me instantly think of a phrase we tend to forget in the start-up world: "Thinking in multiple perspectives".
We need to take a moment from our 25/8 schedules and think about what we're working on/trying change from another viewpoint.
We need to take a moment from our 25/8 schedules and think about what we're working on/trying change from another viewpoint.
That's especially critical in times of market downturn. If your product isn't making (or saving) a company a sizable amount of $, it's going to be hard for them to justify a purchase.
3 lame stories and 1269 words to get to the rather obvious and well beaten to death Internet cliche of ...
1. Have Idea, launch Site 2. Get Lots of Traffic. 3. ?? 4. Profit.
I got it Paul, save your wrists.
1. Have Idea, launch Site 2. Get Lots of Traffic. 3. ?? 4. Profit.
I got it Paul, save your wrists.
It warrants repeating, and the 1269 words did a good explanation of why. The "build it and they will come" mentality _doesn't_work_.
When moving a large object (especially a couch), remove everything you can (that is intented to be removable) from the object (legs, pillows) and the path (doors come off hinges easily). The set up and tear down (in testing terms; in practical terms, it is reverse order) steps seem like potential wasted effort, but taken as a mandatory step are constant time. Iterating through the things that need to be removed to achieve the goal is linear, with potentially exponential cost (you get tired). Like what everyone is saying about burn rates in a recession: in hindsight, few regret trimming too early and plenty regret trimming too late. Few complain about a move made too easy.
In theory, this is a straightforward argument that any sufficiently intelligent person could read and practice. In practice, it is not until at least your third move that you pause during the move to question why the plan is "let's just try it first" and "it is not too heavy". But you never see a professional piano mover iterate. This is not a comment trying to propose a solution. I just liked the article for its clean way of expressing how experience matters in your approach.