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How to Create a Million-Dollar Business This Weekend

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21–30 of 41 posts

Re: How to Create a Million-Dollar Business This Weekend

#21
The steps are good, the title is link bait.

I know you want to encourage people to stop complaining and get starting, and it can sometimes be that easy, but it's a lot of hard work over the next 12 months even if you prove your idea works and I feel some of these types of articles forget to mention that.

Re: How to Create a Million-Dollar Business This Weekend

#22
post #15
post #5

You should be very careful if you're selling something you don't have, you almost certainly violate the terms of your payment provider and depending on where you live you might be committing fraud.

You don't have to actually sell. If you don't have a product yet, just build a mock payment page and check how many people get to the end - and never charge them.

The article suggests actually taking money from people.

Re: How to Create a Million-Dollar Business This Weekend

#23
post #12

I don't get entirley what he did to validate his idea for AppSumo. He got 200 new customers for imgur which pay 25$/year (to imgur) and he payed imgur 3$/user for this? Didn't he loose money then?

The sales pitch is probably what threw you off. "I'll pay you to bring you new customers" is the pitch, but the detail is likely more along the lines of Groupon's deals: "I'll charge $12 for selling your $25 product, and keep $3 for myself. So I'll pay you $9 for every new customer I bring."

Assuming it's the kind of business that typically sees recurring revenue and the expenses of servicing each new customer consists of little more than pushing electrons around, $9 for a new customer isn't too bad compared to whatever their current cost per acquisition is.

Re: How to Create a Million-Dollar Business This Weekend

#24
post #15
post #5

You should be very careful if you're selling something you don't have, you almost certainly violate the terms of your payment provider and depending on where you live you might be committing fraud.

You don't have to actually sell. If you don't have a product yet, just build a mock payment page and check how many people get to the end - and never charge them.

An idea I just thought of on that front - instead of the usual bland "we cannot fulfil the order at this time" end to a dry-test, send people to a 404-alike page with a contact email. You can track conversions by watching the clickthroughs, but as an added bonus, if people subsequently email going "your site's broken! Where can I buy?" you know they really want your product

Re: How to Create a Million-Dollar Business This Weekend

#25
I clicked on this article expecting to have a laugh, considering the linkbait title and the website it's on.

But I was impressed. The article nicely introduces ideas like customer validation and minimum viable prototypes in a way most people could easily understand. Well done!

Re: How to Create a Million-Dollar Business This Weekend

#26
post #7

As an entrepreneur I really don't identify with this world of self-help books, overnight entrepreneurs, 10-point checklists to success and how to become a millionaire in a weekend.

yeah, sometimes the frontpage on HN looks like a motivational tape from the 90s

Re: How to Create a Million-Dollar Business This Weekend

#27
I'm so confused. Can I create a million-dollar business in a weekend or not?

Because I read "Reboot. Relaunch. Redesign. Pivot. Sunset. Shutter. The Knack, a web app, story," and it sounds like building a business is work. (http://news.ycombinator.com/item?id=3024147)

Re: How to Create a Million-Dollar Business This Weekend

#28
post #7

As an entrepreneur I really don't identify with this world of self-help books, overnight entrepreneurs, 10-point checklists to success and how to become a millionaire in a weekend.

Judging from your comment, you haven't read past the title, have you? Because there are actually quite good starting points for some people who don't know where to start. The title is pure link bait though

Re: How to Create a Million-Dollar Business This Weekend

#29
post #7

As an entrepreneur I really don't identify with this world of self-help books, overnight entrepreneurs, 10-point checklists to success and how to become a millionaire in a weekend.

Judging from your comment, you haven't read past the title, have you? Because there are actually quite good starting points for some people who don't know where to start. The title is pure link bait though

I'm gonna flag it for this reason.

Come back to us when you're using sensible titles, Mr Ferris.

Re: How to Create a Million-Dollar Business This Weekend

#30
post #7

As an entrepreneur I really don't identify with this world of self-help books, overnight entrepreneurs, 10-point checklists to success and how to become a millionaire in a weekend.

The best part is that if you ever do manage to build a million-dollar business, nobody will be impressed any more. "Oh, I heard you could do that in one weekend just by building a website to sell some crap."
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