As I hinted at very plainly in my last post, Inflationary Other Kinds Of Answers… It's time to stop crying over the spilled milk, kick the people out of the sandbox who did not play nice with others, Bury the Unions, for at last they have kicked in the cash bucket and let’s all watch Uncle Sammy’s Tea giving party even closer. A whole lot of folks getting my taxes as hand-outs that I do not think should. If I wanted to invest in them, I would have myself.
My OKOA Readers, our dear economy might seemed to be melting down like a pat of pure butter on a hot used car roof, but for some OKOA people — even you, maybe? — This is a very very good thing indeed. It is time to dust off every OKOA that ever woke you up in the middle of the night. I have six good ideas that I’m pretty sure that have not been tried yet. I’m currently pushing them thru the starting phase, background checking and research… Stay tuned.
First, as always, this is just my opinion and these are actions I am currently doing, as you that read on will find out about! I have been watching and paying close attention for the last number of years, always looking for my other kinds of answers. Not all the answers are of only the Knowledge and wisdom kind that I am looking for. Financial and business OKOA’s are worth looking for also.
What is a “LILO’s”…?
Here is the skinny why and how. At no other time in recent history has it been easier or cheaper to start a new company, maybe even a very profitable company over night, so to speak. We’ll call this type of start-ups “LILO’s”, for “little in, lot out." These are Web-based businesses that cost almost nothing to get off the ground yet can turn into great moneymakers. This only if you work hard, mind your own business and are uncomplaining but know when & how to Twit out about your idea and about the .biz there from.
How do you get started? All that's required is a great idea for a product that will fill a need in today’s 21st century. These days you'd do best if your idea either makes people money safely or saves them money surely. It really needs to work at a level that anyone can understand and use, if you really want it to rocket. Do check that any idea and name there of are clear every way that you can. In other words make sure that they are yours, and make them yours legally.
I first pushed my ideas past a group of “25ish” old friends that are open to this kind of thinking, and do even read this blog. I really can get them all going when the old guy looks over their code-du-jour, and points out errors. Yea, this old guy can read code, and has even come up with a few OKOA things that the friends have liked. That and he shows up with good bagels and Jolt for everybody now and then.
Why these friends as a sounding block, well, they are all of the right age and are code-eaters, and they have one or two LILO sites just starting to get off the ground themselves. Learn from the do-ers and share what you have picked too! That keeps all the costs down and folks living life.
As for their revenue incoming, they just have sold the first site based ad, for the low three figures a month. But it's a foundation: "We've already reached ramen profitability." The main math here: they spend about $100 a month on server space fees and other minor expenses. And they have a start-up company that is up and going! And more important, true cash inflow other kinds of answers…!
True Noodleconomics
The term ramen profitable is coined by Paul Graham, a
"At this point, it would be hard for companies to get any cheaper," he is quoted. Since everyone already has an Internet-connected device somewhere in their lives, "it's gotten to the point that you can't detect the cost of a company when added to a person's living expenses. A real world company is no more expensive than a semi-full time hobby these days."
Will your idea be the next Facebook? The next Blogger, Digg or Twitter? Who knows? It almost goes without saying that many more start-ups fail than succeed. "The biggest problem facing any website biz is words of mouth distribution." In a world where it's so easy to start a company, how can anyone find yours? Only if a friend shares it with you, out of love, heed or need.
But here again, a bad economy is the LILO's friend. It is easy to say, "The cost of failure is cheap. It's even so low, you can afford to swing the bat way more times." In our bad economy, no one really notices or cares about more failure. Everyone fails at something or somehow, and those that keep trying will make it. That creates a safer and better environment for risk-taking, which is the only way true innovation can occur.
And while not many folks could get hurt from a total failure that you can walk away from. At the same time, launching in a bad economy imposes it own kind of disciplines, forcing entrepreneurs to keep costs low and be smart about marketing and distribution. You can even say it should keep them always looking for other kinds of answers…
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