I am looking towards developing a varied online portfolio of websites/web apps created by me and with collaboration of others.Eventually from the money raised,I have interests in starting a "green" company.
thankyou for your reply.It`s given me food for thought.
It`s kind of surreal to actually have that "idea" for a software application,when years ago i thought how idillic it would be to create and sell software.
Then the actual thought of learning to code wasn`t appealing. lol.
While the thought of learning to program gives me the heebie jeebies..i have this sense of fascination around it. Funnily enough,as great ideas happen when
something is needed and the idea is born,my idea for a web app came forth when a situation occurred and i thought,gee if only "that" service was available.
At first i dismissed the idea. I don`t know how to code,i don`t have any money etc etc. I dunno it kept circling in my head and i figured it would work. I`ve found a few potential competitors that come close. I`ve spent hours searching the net and reading web app lists finding any relevant ones that might already have done what i have thought of.
I can see campsteve`s point of sharing ideas..problem is my target market is webmasters. (mainly)if i had to describe it..its a mashup of some popular API`s,plus collaboration and other features.
If i stripped the bulk of the features away and left the core (which hasn`t been done before)..only having a vague idea about programming,and no idea on programming ecommerce..well it`s an interesting obstactle. who knows it might be simpler than i think.
As far as i understand the web app,is broken into 3 core areas: client side,engine and database. Now i could design and code the client side. and would try to code most of the engine.
IS is possible to outsource parts of the engine to be coded?
I could therefore concentrate on figuring out the core component thats the key to whole app(the Unique selling point)and outsource the majority of the coding?
well currently i recieve government benefits,as i`m studying retail management. (yea strange to be studying 1 thing..and trying to start a web design biz,and web app). I plan to create a online properties portfolio to earn passive and active income.(such as blogs,selling skills etc) So i would have to bootstrap all online ventures.
Ideally if i do get this web app idea off the ground,would like to see it earn decent money.At a minimum enough to live on.
I`ve done up a spreadsheet,with varying levels of customers and a price point of $15pm,and figured 500customers a month would be comfortable. I`m pretty confident that can be achieved.
Good point. Here in australia,being a sole trader has huge tax benefits. I hope i understand it correctly. super is tax deductable 100%..so effectively if i am in the 30% or 45% tax bracket..i can reduce it just 16.1% as opposed to company tax at 30% plus personal income tax at whatever rate.
I probably should look at exit plans..which would indicate when to become a company.
My goals are to make enough money online..to help start up some offline retail/service business`s..
lol..I got several online ventures planned,and 3 offline ones! LOL . Perhaps if it survives after 1 year i could form a company then.
anyway this is something i`ll have to think about.
without copying your comments regarding outsourcing..
again,good points for me to think about!
I am going to have to figure out start up costs,living expenses and potential revenues and tasks related to web apps.
Had hoped i wouldnt need it.
I suppose i would need that if dealing in ecommerce. Although i am thinking in terms of my financial situation now..and not down the track when i would have
I was thinking of getting certified with BBB(something?) verisign and trust-e.
I followed an online tutorial on RoR..i sort of understand it. Not quite sure how an entire app can be coded like that..lol.although it was basics!
I`m old enough to remember the days before windows 95..
thanks for the help.
I might just end up pm`ing you.
cheers and thanks everyone.
I`m still open to more thoughts on this from anyone. The more perspectives into what i`m getting myself in for the better!
With all the ideas i`m getting-(I`ve got 4 that i truly believe are profitable and worthwhile)I have to take action because no one else will. I`ve been dreaming along time to run my own business. Strangely what i originally want to do has totally morphed and spawned 4 great ideas 8 years later!
From my observations online,if i don`t act within a reasonable time frame the web app ideas i have will be worth nothing unless I act.
I don`t have money or enough skills on myside where i could execute it within the time frame i would like to. Becuase of my lack of resources and yes i would like to execute it properly so it is a success,I need to plan and act in the right /get the steps or stages right.
As far as i know there are a few applications that come close,but in order to dominate the market integration of some popular web apps (appropriate)will ensure a unique market position. Hopefully if i do this right it will create a vacuum.
Indeed,i want to turn the brillian idea into a brilliant execution.
Becuase i`m jumping into an area where i have no contacts offline,trying to find a suitable and trustworthy business partner would be hard.
Thankyou for the reading resources. I`ll take a look at the first one. I`ve already got the Getting Real online version bookmarked.
Getting Real focuses on what 37signals started-they started a company and had a team. From what i have observed it seems web apps need teams offline.
I`m wondering if its possible to do most of it myself and outsource the rest.
Is a 1 woman tech startup possible?
I`ve been refining all my business ideas I keep coming up with and along the way realised a good compliment to establishing blogs(with the long term goal of making money) and offering web design services and other info sites,is the web application.I`ve come up with a totally unique web app idea-2 actually. Although currently i`m more focussed on one.Seems the way to make good money online is through web apps.
Firstly i plan to raise the capital via establishing blogsites and selling web templates and eventually web design services/logo designs. When my financial situation is stable then i can launch the web app.
I`ve been doing as much research as possible to determine competition and as far as i can tell nothing comes close to what i`ve got in mind.I`ve already got a notepad file of potential competitors.
Which means wow i`ve hit a jackpot OR there is a reason why its not been done OR it`s just no one has thought of it yet.There is also the possibility someone is already developing it right now..
Ok,getting close to asking the questions.
I know a little html and css but no server side languages. I was thinking of learning either php or ruby on rails. The worse case scenario is the web app fails but i have learnt 1 or 2 server side langages which i can continue to use or use as a fallback job option when i start my 2 offline projects.
Alternatively, i could outsource the coding to a professional programmer ,which i`m wary of-don`t want a programmer to run off with the idea.
There is only 1 person (offline) who knows this idea,and immediately advised me to keep it to myself!..I wouldn`t imagine she would end up being a end user,purely becuase of the nature of the app..
here`s a list of questions-
*Should i build the app myself after learning the language,and hire programmers later for maintenance and maybe fixing bugs?
*Do i get a "innovation patent" (quicker approval process here in australia for that kind of patent) for the web app? OR is not patenting better at protecting the code? How should i protect this kind of idea,if i do outsource programming?(apart from confidentiality agreements)
*Is it necessary to start a company in order to launch a web app? or can i just start the web app myself? Whats more successful?
*Whether i form a company or not,should i outsource as much work as possible?
*Do i need a physical offline team..or just do what i can and outsource the rest?
*Are terms of service and disclaimers enough..is insurance a must when starting a web app?(i.e. I`m wanting to minimise legal costs)
*I don`t have the offline contacts required,outsourcing makes sense but then how do i entrust critical parts of business function externally?
I believe the web app can be scaleable so startup funding really isn`t all important. I will be doing via bootstrapping but with rapid development and deployment. I have this sense of urgency that if i wait around and not do anything someone else will beat me to it. This perhaps is becuase i`ve read the ebook "Ideavirus". I`m hoping to learn rails within 3months and then spend 3months coding the app,if i take that path.
one last question,..do you recommend starting a company?
so far i`ve estimated about AU$5000 in startup costs roughly if i do design and development/marketing/seo/management not counting outsourcing of other stuff.
Sorry for the poor grammar and if things are a bit jumbled up. The last week is finally catching up with me.
If i`m not clear on something just ask. I appreciate any advice and feedback so i can make some concrete decisions and move forward with this.
So far what i`ve gathered from my own research and what you`ve said...
What I could do is register the design of the retail business premise,becuase as my plans stand i`ll probably end up buying land and building and later on franchising.
somehow it looks like the trade secret cant be patented..which is a problem becuase its the main process for getting product to customer and as marketing strategy..
I guess thats what anti-trust laws are about(not even sure if australia`s laws are as tough as america..)
I guess if i get in early enough and create a very good "ideavirus" and get in while there is a vacuum,I`ll be seen as a pioneer in that area/brand will become strong..so that even if competitors try and come in..it would be hard for them..
..only worry is not having enough money to dominate entire australian market..LOL and have a competitor start up in say nsw with more capital..
oh well i guess if it`s meant to be..I`ll find solutions..
Once again thanks! :)
I apologise if this is the incorrect forum,I do believe it relates to business planning..
I`m currently in the midst of market research,gathering all sorts of data required for my retail business. I do however have a business idea that is currently untapped in australia(
There is definitely a market in australia for it,I know who my main competitor would be(similar concept in bringing it to customer but in a different group i guess).
I have assumed that manufacturing would be cost effective way to do "X".
Now the australian federal budget was released today and after working out the numbers..I still think what I`ve got in mind is still viable..
As much as I need to be getting along with my money raising efforts online I just can`t stop thinking about this idea "X". So i`ve decided i need to contact some manufacturing equipment manufacturer`s who are located in USA.
I`ll be doing this via email. (I have no money,and not in business)
How do I come across as professional without sounding like a broke wannabe? LOL
I don`t want to sound like I`m ready to purchase straight away.
All i want to know is cost of purchasing the turnkey manufacturing line and shipping costs.
Do i keep the email to one line or two..or write it out like a proper business letter?
(and yes i can write good business emails..I`m just a lazy typist when it comes to forum posts sometimes)
What do you recommend? It`s strange,i`ve sent many emails requesting info before..but contacting what could turn into big $$ transaction down the track is just a tad daunting..
Does anyone know here..
the average cost of manufacturing equipment?
the average costs of international shipping?
average costs in starting a manufacturing business? (not counting marketing,delivering it customer-I just need startup cost estimates..)
I would appreciate any help. If this idea is going to cost way more than retail business idea ..well i`ll have to work out an implementation timeline. It would be a shame becuase I think time is of the essence..
ps; sorry for the rush and long winded post..