Startup Professionals Musings

article thumbnail

Why Would a Business Avoid any Internet Presence?

Startup Professionals Musings

Customers go there to check on the details of your offerings and verify that you are not a scam, investors look there to check out your management and sales approach, and suppliers expect to find contact information. Finalizing the web site validates your product plan and sales strategy. Websites are a big job and take time.

Internet 247
article thumbnail

Hyperlocal Has Great Potential And Real Challenges

Startup Professionals Musings

Watch out for local sales force requirements. Look at how large Groupon and Living Social’s sales forces are, and they are still struggling to maintain profitability. If the sales force is too large, the site will probably not prosper. Maybe it’s selling local tours and taking a cut of the revenue. Look for new ways to sell.

Finder 210
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Start Business Planning Now For The Holiday Season

Startup Professionals Musings

billion for 35 funds during the first quarter of 2013, an increase of 22 percent compared to the level of dollar commitments during the fourth quarter of 2012, according to a report from Thomson Reuters and the National Venture Capital Association (NVCA). Otherwise, sales, marketing, and operational costs will kill you.

article thumbnail

Get A Domain Name Without Bankrupting Your Startup

Startup Professionals Musings

Only one sold for 7 figures in 2012 (investing.com sold for $2.5 range in the $20 to $40 range for a year registration, but you can find sales on certain extensions for as little as fifty cents per year. Ask if the domain name is for sale, but don’t tip your hand by making a specific offer. Certain extensions such as.tv

Naming 219
article thumbnail

Is Your Startup Ready For The Challenges Of An IPO?

Startup Professionals Musings

According to a 2012 study by PricewaterhouseCoopers , companies average $3.7 Public ownerships usually lends prestige and credibility to your sales, marketing, and acquisition efforts, but it may work counter to your vision of saving the world. It will take many months and require endless amounts of time, money, and energy.

IPO 236
article thumbnail

Twitter for Business Misses Critical Body Language

Startup Professionals Musings

Amazingly, it leveled off in 2012, only due to Twitter, which has already superseded SMS texting in volume of messages. But most business processes, like negotiating a contract, closing a sale, customer support, or managing employees, are much more complicated than just words. Email volume just continues to increase.

SMS 232
article thumbnail

How to Give Your Startup Idea The Sniff Test

Startup Professionals Musings

Hopefully, you will find, with your favorite search engine, something like the “ Cooking Sauces & Food Seasonings Market Report 2012.” Make sure you understand all costs, sales channels, marketing requirements, and cultural issues. Real customer pain and money. Many products fail because of “dependencies” and hidden costs.