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Finding My Next Bootstrapped Business Idea

derrickreimer.com

31–40 of 52 posts

Re: Finding My Next Bootstrapped Business Idea

#31
Completely unrelated...

When developer makes a blog, and it has UX well done, it is amazing. Site looks good from the outside, as well as inside the source, nothing insane, but you can see quality.

I am inspired now to make my own, that lays neglected for long time.

Oh, now I see that he is using Elixir, Elm, Phoenix etc... All the good stuff. :) Clearly a person with great taste.

Re: Finding My Next Bootstrapped Business Idea

#32

Earlier quoted context omitted.

I'd second this. I've seen several people get their agent license in recent years, and most of them have additional jobs. (meaning they're not generating as much income as an agent as they'd need to do it full time) It's a very flooded market.

Agreed. Just launched my company to help the types of agents you're talking about: GeneralReferral.com Brings technology to an underinvested corner of the traditional brokerage. Could use some marketing help...

I work as an agent in the commercial real estate space. Usually referrals happen when one agent who let's say specializes in office (for example) finds a lead/listing in Industrial, multifamily, etc (That they aren't well versed in). Usually I've noticed 20% (of the commission) is about the standard fee if you get them a listing. Most often however referrals aren't concrete and no sale actually comes out of it. This is because you have to convince the owner to sign a listing with the person you are referring and they are probably already getting contacted by competing brokers who already specialize in the space. I've only had 1-2 referrals work out for me. You'd want some kind of way for agents to list their specialty and maybe a list of done deals (of that property type) to show experience. I've noticed on the commercial side that Generalists (Who do everything) NEVER get referrals. No one will refer for example the sale of an office building to an agent that lists everything, the refer to the office broker who specializes in it. I have an idea for a Real Estate site (I've put it on the back-burner) that nobody is doing right now because from my experience the tech savvy guys who can build this kind of thing are not privy to the high end investment sales market (Investment properties that are at least $2 million) There is a certain culture and way of doing things that isn't really easy to understand unless you've worked in it.

Re: Finding My Next Bootstrapped Business Idea

#33
I find articles like this deeply disingenuous. The OP wants to basically find some problem that he doesn't know anything about, and apply whatever knowledge he has gained in hopes of building a "company" which appears to me is just a facade of a company until he can flip it to someone else who actually cares more.

The idea that someone with presumably no knowledge or even any passion can dip their toe into a problem space and try to create a "company" isn't very appealing to me at all. Everything about it feels so superficial and contrived with no passion.

Even the list he came up with is so low-hanging-fruit, it reads to me "I want something that is easy to build, easy to sell and makes me lots of money before I flip it to someone else, and then I can start the process again."

The lack of commitment and conviction screams to me that I shouldn't become a customer because he will abandon the project, and end it with another "Thanks for following me on my journey, I'm abandoning all my customers but join me on my next adventure soon!"

Re: Finding My Next Bootstrapped Business Idea

#34

Completely unrelated... When developer makes a blog, and it has UX well done, it is amazing. Site looks good from the outside, as well as inside the source, nothing insane, but you can see quality. I am inspired now to make my own, that lays neglected for long time. Oh, now I see that he is using Elixir, Elm, Phoenix etc... All the good stuff. :) Clearly a person with great taste.

Thank you! It happens to the best of us, I haven't been super consistent with writing regularly. Trying to change that!

Re: Finding My Next Bootstrapped Business Idea

#35
post #17

Earlier quoted context omitted.

Count me in too! I've been growing more and more frustrated with the tools in the marketplace.

mmm, wondering how to progress this. Would you guys be comfortable joining a WhatsApp group to discuss this?

Count me in. Let’s start with WhatsApp since a lot of folks have it. I can pm you my #. Just need to get in front of a real computer.

Re: Finding My Next Bootstrapped Business Idea

#36

I find articles like this deeply disingenuous. The OP wants to basically find some problem that he doesn't know anything about, and apply whatever knowledge he has gained in hopes of building a "company" which appears to me is just a facade of a company until he can flip it to someone else who actually cares more. The idea that someone with presumably no knowledge or even any passion can dip their toe into a problem…

Ouch. That's not at all what I'm trying to do. I have no shortage of passion, but passion alone does not make a viable business.

My hope is that my post will help others think about choosing an idea that fits with their goals, so that it will work out for the long haul.

Re: Finding My Next Bootstrapped Business Idea

#37
post #17

Earlier quoted context omitted.

Count me in too! I've been growing more and more frustrated with the tools in the marketplace.

mmm, wondering how to progress this. Would you guys be comfortable joining a WhatsApp group to discuss this?

I'm interested also.

Re: Finding My Next Bootstrapped Business Idea

#38

I find articles like this deeply disingenuous. The OP wants to basically find some problem that he doesn't know anything about, and apply whatever knowledge he has gained in hopes of building a "company" which appears to me is just a facade of a company until he can flip it to someone else who actually cares more. The idea that someone with presumably no knowledge or even any passion can dip their toe into a problem…

I didn’t get that sense at all. His last bullet point is “The market should overlap with my existing audience”.

Re: Finding My Next Bootstrapped Business Idea

#39
post #27

Hey Derrick, Thanks for the great posts and for responding to comments! Would love some feedback on choosing to raise money or not. I read this post (and many others) about having those filters ready ahead of time. The filter on raising money unfortunately I don’t have, I keep going back and fourth on that. I have been working on an app, cross platform iOS and Android, that lets people listen to articles from the web…

Your website looks great. I didn't try the product. Can I ask how you did the design and UI of your landing page? Did you do it yourself or contracted someone to do it?

Thanks for the feedback, we did everything ourselves. Two of us on this with developer backgrounds.

Re: Finding My Next Bootstrapped Business Idea

#40

I find articles like this deeply disingenuous. The OP wants to basically find some problem that he doesn't know anything about, and apply whatever knowledge he has gained in hopes of building a "company" which appears to me is just a facade of a company until he can flip it to someone else who actually cares more. The idea that someone with presumably no knowledge or even any passion can dip their toe into a problem…

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