Quote:
Originally Posted by malmuth
I wouldn't be able to do all of the mobile tracking tech myself and even if I spent a year or more learning that, I still don't think I'd be competent enough to do all of that myself at scale. I'm just not built for backend/security type problems. I find them boring. So I'd pretty much have to find a co-founder who was a wizard in that area - or who was willing to become one.
Thoughts on any of that welcome.
There a lot of great ideas out there. Oftentimes, these ideas are obvious to tons of people. But there are very few select people who can actually execute these ideas because of specialized knowledge required and other industry roadblocks you may not be aware of.
Your time is better spent playing on your strengths, instead of trying to plug your weaknesses (finding tech co-founder/whatever.) There are many problems out there to work on. You should work on solutions to problems where you have massive domain knowledge and you're ahead of the game. This doesn't sound like the right idea for you.
It took me a long time to figure this out. Forget working on things you don't know. Work on thing you do know and you will have much better results.
On the idea itself, you basically said "better mobile affiliate network" as if there wasn't a glut of PhDs in the space all working on this goal already. I'm sure they are all aware of Device ID, Advertiser ID, etc.
And the whole gambling twist has little value. If your system is good, tons of industries will want it and it seems gimmicky if it's branded as being for gambling. Affiliates are affiliates.
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Originally Posted by Swalker
Idea for offering a type of insurance...
Aside from massive complexity of insurance regulations and buckets of money required to be an insurer, mmbt0ne mentioned that often the people who need something the most are least likely to have something.
The workers you are talking about will often be working on cash basis. How do you know that they simply won't take advantage of your policy from time to time to get extra pay and maximize their payout? A friend of mine has his own HVAC firm in London area and it's a fairly shady business according to him. Lots of smaller firms like his are hiding cash, giving kickbacks to get certain contracts, hire illegal workers.) Given the atmosphere, minimizing false claims will be a big deal.
The good news is that your idea is super easy to test. At least you can see how well it resonates with people. Figure out your exact terms, put together a basic promotional brochure, and see how it does at some work sites.
Quote:
Originally Posted by rafiki
Imagine you enter say 500 essay submission, winner gets trip around the world for 2, etc etc...
Main issue I see is legal issues geographically, as local governments try to prosecute for some kind of lottery violation.
Legal requirements depend on the state.
But tons of businesses are doing this already so it's probably not too hard to keep it legal in most states. There are guidelines of how a raffle needs to be done so that it doesn't run into legal problems. In my hobby, a few years ago there was a glut of raffles on every forum in the hobby. I think most of them worked fine, but I know that some ran into legal problems although I don't remember what they did wrong.
There are even raffle plugins for Facebook Apps as well as sites that let you run your own raffle.
One thing that I'm seeing is paid contests. For example, photography competitions. Even National Geographic charges $XX for photo submissions for their contest.
These contests/raffles are driven by a passionate user base of some site. Would people want to go to a Groupon site where everything is a raffle? Hmmm... maybe... But that would get old pretty fast after a person blows a lot of money and never wins anything... Hard to say... Maybe it can use the 'penny auction' formula of advertising the "wins" and never mentioning all the losers who keep slowly bleeding money.