Startup Professionals Musings

article thumbnail

Kick-Start Your eCommerce Business for $100 or Less

Startup Professionals Musings

A simple example might be mortgage calculator to add to your real estate sales site. The next step in complexity is building a software product that you can offer as a service to your customers. Any credible software developer should be willing to tackle this kind of tool for a couple of thousand dollars.

eCommerce 196
article thumbnail

6 Lessons Most Entrepreneurs Only Learn On The Street

Startup Professionals Musings

You alone will never find enough hours in a day to keep with all the challenges of sales, support, and scaling the business, in addition to developing and delivering your solution. Actually, building and nurturing the right team is the hard part, requiring communication, hiring, and leadership.

Insiders

Sign Up for our Newsletter

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

article thumbnail

‘Do-It-Yourself’ Startups Have Never Been Easier

Startup Professionals Musings

A simple example might be a mortgage calculator to add to your real estate sales site. business ecommerce entrepreneur startup' The next step in complexity is building a software product that you can offer as a service to your customers, or a mobile smartphone app. Then there are full-featured software sites like Facebook.

Startup 252
article thumbnail

5 “What-Ifs” To Include In A Startup Financial Model

Startup Professionals Musings

This can be projected top down from market share assumptions, or bottom up from actual costs and sales results. The most common business models these days include the subscription model, freemium model and ecommerce. Each has a different set of variables for sales, revenue flow, marketing costs and personnel.

article thumbnail

5 Startup Financial Questions Every Investor Will Ask

Startup Professionals Musings

This can be projected top down from market share assumptions, or bottom up from actual costs and sales results. The most common business models these days include the subscription model, freemium model and ecommerce. Each has a different set of variables for sales, revenue flow, marketing costs and personnel.

article thumbnail

8 Strategies For Sustaining Momentum In Your Startup

Startup Professionals Musings

Most ecommerce sites highlight this feature. Your focus for momentum could be sales, profitability, or number of customers, but trying to keep all possible parameters growing is simply not practical. Select a single dimension to measure momentum. Plan a long-term strategy, and avoid crisis moves.

article thumbnail

Why Pitching Your Product Is Not Enough For Investors

Startup Professionals Musings

Potential investors love to see gross margins in the fifty percent range or greater, with recurring revenue through subscriptions, follow-on sales, or services. Online and ecommerce businesses are especially attractive here, since they are instantly worldwide and not people-intensive. Business model showing costs, pricing, and margins.

Product 145