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What 1 Thing Did You Learn In Your First Month...

 
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Jul 05, 2009 3:46 PM ET    Quote  Report Abuse
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... that you` like someone who is just starting out to remember when looking at creating their first business?

Never put your pricing on any printed materials other than your sell sheet. If you are going to have business cards, post cards, rack cards, brochures, etc. - use them to advertise and sell your product without pricing.

Reason? If you make a change to your pricing in the interim the previously printed materials can still be used!

Your prices will change and you don`t want to be left with a bunch of old, out-dated materials.
bennycostello

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Jul 06, 2009 10:03 AM ET    Quote  Report Abuse
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I learnt that you have to spend money to make money. What kind of tasks can you get other people to do to make your grow quicker?
Jul 06, 2009 7:58 PM ET    Quote  Report Abuse
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One thing that i have learned is that no matter
if you have a successful mentor or not
there is always a learning curve.

Learning curves are very beneficial, to the person
who is conscious aware of this process. And how
it can change your whole view on how, you can so
bizness.
CraigL

posts: 9051

Jul 07, 2009 3:17 AM ET    Quote  Report Abuse
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We learned to focus, focus, focus on the proof of concept!! We had an idea, and thousands of secondary ideas about how to make billions.

But we were also broke (bootstrapping). So we couldn`t put all those thousands of ideas into play. Instead, we had to focus, focus, focus on the proof of concept!! Did I say that twice? By gosh....I DID!

We HAD to sell 1 item in order to get money to make the next one. As such, we very quickly found out what sold and what didn`t. We learned what worked and what didn`t.

And we learned that just because we felt something was marvelous, that didn`t mean the rest of the world even gave a rat`s ass.

Lesson learned: Spend only what you have to in order to create 1 salable product. Then sell it! If it doesn`t sell, make sure your idea is viable. If you still can`t sell it, then no matter what you feel, it likely isn`t a viable product idea.

After your product is up and running, and you`re getting ongoing sales, THEN you can get started on the thousands of other ideas about how to make billions.
CraigL2009-7-7 3:19:10
ChrisChiSTL

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Jul 07, 2009 3:11 PM ET    Quote  Report Abuse
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A 90 Day Plan... 1st 30 days establish your daily activity, 2nd 30 days build momentum, 3rd 30 days sustain momentum and tweak..... then do it all over again for at least 2 years! (Easier said than done)

Chris

jillybeans

posts: 361

Jul 24, 2009 9:06 AM ET    Quote  Report Abuse
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Don`t spend all your time and money starting your business.  Do spend all your time making sure it is viable.  My first business I spent a ton of money and got ............. nowhere (hey, two sales in two years doesn`t put food on the table).  I ran out of money just after I got my website up and running.  Now, my second business, which technically isn`t started yet and won`t be until I relocate (being held up by the economy for at least one more year) is ALREADY generating a small income.  I am test marketing each of my products and figuring out exactly what I need to do.  I`ve thrown out products that were too much of a pain in the butt to manufacture and I`ve thought outside the box on other products. 
jillybeans
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