|
|
| Business, Finance, and Investing Making money, investing in markets, and running businesses |
06-19-2012, 05:58 PM
|
#691
|
|
Pooh-Bah
Join Date: Nov 2005
Location: Washington, DC
Posts: 3,505
|
Re: Your ideas are worthless, and I'm here to prove it
Quote:
Originally Posted by UCDLaCrosse
I decided 1 year ago to start my own business buying, selling, and trading Magic: the Gathering trading cards. Thus far I have been successful with small amounts of earnings in the first year (which goes into growth for the business, I make no money personally yet). My question is: Is this sort of thing look good or decent to get noticed by professional schools when you apply, or am I doing it in vein? Any and all feedback is appreciated. Thank you.
-Julien
|
If you make a ton of money, people will take you seriously and respect your business venture.
If you don't, this just sounds like a hobby masquerading as business.
That said, I think your approach to getting into a good bschool is a sound one. I'm just not sure it selling Magic cards will be enough...
|
|
|
06-19-2012, 06:02 PM
|
#692
|
|
Pooh-Bah
Join Date: Feb 2008
Location: Winning
Posts: 3,990
|
Re: Your ideas are worthless, and I'm here to prove it
Quote:
Originally Posted by dc_publius
If you make a ton of money, people will take you seriously and respect your business venture.
If you don't, this just sounds like a hobby masquerading as business.
That said, I think your approach to getting into a good bschool is a sound one. I'm just not sure it selling Magic cards will be enough...
|
If I can get the backing or FTP paid me the money it owes me, I could grow exponentially quicker. I would also be looking to turn into a retail store online for games, which is insanely lucrative if done correctly.
I want it to just be one or two things on the resume, really. Realistically going back to school and getting a 2nd bachelor's degree though to show some academic improvement and maturity.
|
|
|
06-21-2012, 03:32 PM
|
#693
|
|
Pooh-Bah
Join Date: Oct 2006
Posts: 4,784
|
Re: Your ideas are worthless, and I'm here to prove it
Quote:
Originally Posted by UCDLaCrosse
If I can get the backing or FTP paid me the money it owes me, I could grow exponentially quicker. I would also be looking to turn into a retail store online for games, which is insanely lucrative if done correctly.
I want it to just be one or two things on the resume, really. Realistically going back to school and getting a 2nd bachelor's degree though to show some academic improvement and maturity.
|
It can only help.
Just make sure to sell it properly.
Eg not "I sell magic cards and make a little bit of money"
Basically sell all the skills you've learnt in the process.
|
|
|
06-22-2012, 10:34 AM
|
#694
|
|
Carpal \'Tunnel
Join Date: Aug 2004
Location: Take me, Danny Ferry
Posts: 18,791
|
Re: Your ideas are worthless, and I'm here to prove it
Quote:
Originally Posted by dc_publius
If you make a ton of money, people will take you seriously and respect your business venture.
If you don't, this just sounds like a hobby masquerading as business.
That said, I think your approach to getting into a good bschool is a sound one. I'm just not sure it selling Magic cards will be enough...
|
Yeah, I mean it's all about what you do with it.
I know a kid who had little experience in comparison, but also made http://www.thatone08.com/ and sold a few hundred grand in merchandise. Being able to show that you can execute on an idea and scale it is a big BIG plus.
|
|
|
06-22-2012, 11:38 AM
|
#695
|
|
Carpal \'Tunnel
Join Date: Apr 2003
Posts: 51,065
|
Re: Your ideas are worthless, and I'm here to prove it
Insurance, similar to FDIC coverage, for individual investors.
Lots of upper middle to upper class people invest their money with an independent broker or hedge fund or whatever. When they find out their guy is a Madoff, they lose everything.
The idea would be to require documentation from the financial advisor/broker/fund manager that would be very hard to fake, thus limiting claims and allowing for affordable premiums (less than .5% of assets under management).
|
|
|
06-22-2012, 09:59 PM
|
#696
|
|
Pooh-Bah
Join Date: Nov 2005
Location: Washington, DC
Posts: 3,505
|
Re: Your ideas are worthless, and I'm here to prove it
Quote:
Originally Posted by mmbt0ne
Yeah, I mean it's all about what you do with it.
I know a kid who had little experience in comparison, but also made http://www.thatone08.com/ and sold a few hundred grand in merchandise. Being able to show that you can execute on an idea and scale it is a big BIG plus.
|
This is pretty impressive.
Probably required superb timing, promotion and getting suppliers lined up.
|
|
|
06-23-2012, 01:15 PM
|
#697
|
|
self-banned
Join Date: Apr 2010
Location: Don't be a Jerk Don't Be a Jerk Don
Posts: 859
|
Re: Your ideas are worthless, and I'm here to prove it
I have an idea for a zombie movie called night of the living animals. Where instead of humans coming back from the dead it's animals. Jeneus I know. I see it as kind of a cross between night of the living dead, the birds, and maximum overdrive.
Will let you all know when I have my kickstarter page set up.
|
|
|
06-23-2012, 03:57 PM
|
#698
|
|
Pooh-Bah
Join Date: Nov 2005
Location: Washington, DC
Posts: 3,505
|
Re: Your ideas are worthless, and I'm here to prove it
Quote:
Originally Posted by Hector Cerif
I have an idea for a zombie movie called night of the living animals. Where instead of humans coming back from the dead it's animals. Jeneus I know. I see it as kind of a cross between night of the living dead, the birds, and maximum overdrive.
Will let you all know when I have my kickstarter page set up.
|
Looking at all the other crappy scripts on Amazon Studios, this has potential.
|
|
|
06-26-2012, 01:11 PM
|
#699
|
|
adept
Join Date: Feb 2008
Posts: 947
|
Re: Your ideas are worthless, and I'm here to prove it
I have this idea for a website were companies/individuals buy opinions from people. It can be regarding anything and be in a survey form or whatever. The best opinions (according to the business buying the service) get paid which creates the incentive to really give good advice/opinions on what the company is requesting. sellyouropinion.com or something like that.
|
|
|
06-26-2012, 03:41 PM
|
#700
|
|
newbie
Join Date: Nov 2011
Posts: 26
|
Re: Your ideas are worthless, and I'm here to prove it
What does everyone think about "copying" start ups in other countries?
For example, I could look at the abundance of high growth start ups in specific countries or regions and then adapt them to another country before they even have the experience and capital to go international.
There are a lot of advantages IMO of doing this, such as:
- a proven market; save a ****load of $$$ on testing products/markets
- publicity; people from other countries may prefer to go with a local company if they are interested about the "original" company
- funding; I would assume that investors are willing to invest in a business where it has been successful elsewhere
Most businesses are not unique, so why not build a fresh and potentially high growth business?
Who gives a **** if its copying? I certainly won't when I am banking 10k/day
I can recite numerous examples of where this has happened, most commonly between US/Silicon Valley >> Europe
|
|
|
06-26-2012, 06:40 PM
|
#701
|
|
Pooh-Bah
Join Date: Nov 2005
Location: Washington, DC
Posts: 3,505
|
Re: Your ideas are worthless, and I'm here to prove it
Quote:
Originally Posted by 599
What does everyone think about "copying" start ups in other countries?
|
Proven business model and a lot of people trying to do exactly this.
Google around for a story of the two German brothers. They are copying everything under the sun to introduce to Euro markets - and willing to pour XX million into each attempt. They have some big successes also.
|
|
|
06-26-2012, 10:50 PM
|
#702
|
|
journeyman
Join Date: May 2012
Posts: 210
|
Re: Your ideas are worthless, and I'm here to prove it
Samwer brothers, iirc there were 3 of them though
For me that really drove the point home that execution is everything
|
|
|
06-27-2012, 07:22 AM
|
#703
|
|
veteran
Join Date: Jun 2007
Posts: 2,145
|
Re: Your ideas are worthless, and I'm here to prove it
Quote:
Originally Posted by Hector Cerif
I have an idea for a zombie movie called night of the living animals. Where instead of humans coming back from the dead it's animals. Jeneus I know. I see it as kind of a cross between night of the living dead, the birds, and maximum overdrive.
Will let you all know when I have my kickstarter page set up.
|
Not saying the plot is exactly the same, but it would certainly make people remember of this movie and the book it was taken: http://www.imdb.com/title/tt0098084/
|
|
|
06-28-2012, 01:54 PM
|
#704
|
|
Carpal \'Tunnel
Join Date: Dec 2006
Location: London
Posts: 13,021
|
Re: Your ideas are worthless, and I'm here to prove it
What do people think about this idea:
Retweets for Sweets (resweets.com)
We're running this competition at the moment:
https://twitter.com/Scirra/status/217565827904442368
And after doing it I think it'd make a cool web service, as a company looking for promotion on Twitter you pay resweets.co.uk £20 or whatever, and they will host the competition for you, randomly pick winners and dispatch the prizes.
It would be fun/quick to develop, but I just don't have time to. If someone else makes it please PM me URL when it's done so I can use it
|
|
|
06-30-2012, 09:31 AM
|
#705
|
|
grinder
Join Date: Nov 2008
Posts: 679
|
Re: Your ideas are worthless, and I'm here to prove it
Quote:
Originally Posted by suckerpunch
All valid issues. The concept is for people to pick up their stuff, get in their cars and go home, but obviously there would be timing concerns. As for 75 customers a day, they're thinking on a much smaller scale, at least initially, but this is definitely something to consider.
Home delivery is better in most respects. The draw would indeed be Trader Joe's (and Costco and Whole Foods). The margins may be thin but the start-up costs are low, and the people involved have plenty of time and live near the aforementioned stores and business parks. But I see the logistical nightmare as well. Thanks for the feedback.
|
It depends where you live but I think for some markets there would be a market for Gluten Free products...My folks can't eat gluten and they go to like 6 different groceries stores to get different stuff....plus there is all sorts of products they can't get in Quebec that they could get in Ontario/NY state...If you delivered maybe 10-15 of these items plus price club/costco you could probably over charge for delivery.
|
|
|
| Thread Tools |
|
|
| Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -4. The time now is 11:06 PM.
|