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A $1 billion idea...that I know I'm not ready for

jessepollak.me

31–40 of 151 posts

Re: A $1 billion idea...that I know I'm not ready for

#31
post #23

This sounds like http://shopping.google.com/ . Type in fitbit for example and you'll see local store listings.

OP is extremely late to the game.

https://www.nytimes.com/2005/11/22/technology/22shop.html?_r...

http://googlemobile.blogspot.ca/2010/03/in-stock-nearby-look...

Re: A $1 billion idea...that I know I'm not ready for

#32
"Over the last few days, I’ve been thinking about what I believe is a $1 billion, or maybe even $100 billon, idea."

As a side note to anyone who comes up with an idea - any idea. Do some research. Go out on the street and talk to some (for this idea the one the OP has) merchants to vet the idea. See how hard it is to get in front of a decision maker. Whatever effort it takes you as a student or someone doing research it will be magnitudes harder when you are actually selling something (business owners tend to have a soft spot for students and younger people who they see as non-threatening). They love to help people with their research. They aren't so eager to talk to salesman.

Re: A $1 billion idea...that I know I'm not ready for

#33

This is a terrible idea[see edit]. What incentive is there for any store to use this system when they're providing their data in a single easy to query location? Brick and mortar stores have custom because of brand loyalty, a large part of brand loyalty is saying "I shopped around twice and both times x was cheaper, I'll assume x is always cheaper and use them". Now imagine if every time a consumer wanted something t…

You bring up a very good point, and I don't really have a answer for it.

I don't necessarily think that it completely ruins the idea though—bigger brands wouldn't suffer from the same problem and if you could get more than a few in, the momentum would start to build.

To be honest though, this post was less about the idea and more about reflecting on thought of committing to a big idea at a young age. It's cool to see all these people giving real, and great, feedback on the idea, but I think that's kind of overlooking the idea. As many have said, there will always be huge ideas, and all ideas will always have problems—maybe that's why I don't yet feel comfortable committing a huge chunk of my life to just one.

As the OP, I might get torn up for writing this, but I thought it was worth sharing.

Re: A $1 billion idea...that I know I'm not ready for

#34
You spent too much time thinking creatively on your own, and not enough time understanding how the world works. If you want to improve the world you have to understand it better. Go understand whether you can design a business process (involving your software) that's better than the ones they brick and mortar stores are using now, and then sell it to them (or "give it away for free" - or is it worth it to pay them?). THEN think about the implications.

Re: A $1 billion idea...that I know I'm not ready for

#35

You could argue that EBay has something like this already, including the ability to search within your location. Its just that the majority of their products are second hand, but there is commercial sellers of new products on there too. The main impediment to ideas like this are getting the critical mass of users to make it worthwhile for both the buyers and the sellers.

eBay also owns Milo (http://milo.com/) which tackles this idea head on

Re: A $1 billion idea...that I know I'm not ready for

#37

This is a terrible idea[see edit]. What incentive is there for any store to use this system when they're providing their data in a single easy to query location? Brick and mortar stores have custom because of brand loyalty, a large part of brand loyalty is saying "I shopped around twice and both times x was cheaper, I'll assume x is always cheaper and use them". Now imagine if every time a consumer wanted something t…

Your assumption is that people buy based on price only. Far from it - they still have to physically go to the store to buy it and so many other factors then come into play. Are they familiar with the store? Does it have free parking? Is the service good? What is their return policy?

I agree with your main point that small stores might not like such a system but then to assume that all buyers will make a decision based solely on price is flawed.

Re: A $1 billion idea...that I know I'm not ready for

#38

This is a terrible idea[see edit]. What incentive is there for any store to use this system when they're providing their data in a single easy to query location? Brick and mortar stores have custom because of brand loyalty, a large part of brand loyalty is saying "I shopped around twice and both times x was cheaper, I'll assume x is always cheaper and use them". Now imagine if every time a consumer wanted something t…

Read the post, came back to look at hacker news comments knowing the most popular one would say "This idea sucks", was not disappointed. First sentence, boom.

But hey you know you'll always get some constructive criticism no matter the idea, and that's definitely worth something.

Re: A $1 billion idea...that I know I'm not ready for

#40

You could argue that EBay has something like this already, including the ability to search within your location. Its just that the majority of their products are second hand, but there is commercial sellers of new products on there too. The main impediment to ideas like this are getting the critical mass of users to make it worthwhile for both the buyers and the sellers.

This idea is exactly Ebay Stores with a B&M component and some easy location filtering. Think about it, if you don't have a store anywhere but on the internet, the admin interface is your inventory app.
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