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Hub You - I Love Entrepreneurial Inventors!
The idea of creating operating efficiencies is not an alien concept to business. The concept is about using current resources in the most effective way, whether that concerns building space, stock, equipment or staff. It’s also about minimising waste where possible.An area of efficiency that businesses sometimes forget, however, concerns the invisible resource known as energy. If your building or business relies on machinery, heating, ventilation, air conditioning, ventilation or other similar elements, it also relies on the energy you’re using. Energy efficiency has therefore become a significant part of modern real estate m
(2) Will my product be popular, because it will save people lots of time and patience?
(3) How important is it that it can do automatically,
in just a few minutes, what it would take hours to calculate manually?
Dave answered these questions and knew that he had the raison d’?tre for a valuable eBay software product. He realized that eBayers would want this tool since it would greatly speed up their searches for products they wanted to buy. But here’s where I just love it with inventors. They attack one problem, and so often, they stumble upon other uses for their original concept. (I will be writing next, about another inventor/entrepreneur, who did exactly this: he started out looking specifically in one door. Coincidentally, three other doors just pop
Initial public offering can be an excellent way for a corporation to raise a large amount of capital. In an initial public offering, a corporation’s shares are made available to the general public, thus providing a substantial influx of cash. The term applies only the first of such offerings, and any later offerings are referred to as secondary market offerings.The benefits of an initial public offering are numerous. In addition to the financial gains, a company that decides to go public will also increase their public awareness and credibility.Since public companies are more carefully and closely monitored than privat
He’s ideally suited to examine things and take them apart to see what makes them (literally) tick. Such is the case with one of his latest inventions. You see, Dave is an eBay nut. When he first got online about five years ago, he gravitated to eBay as a neat place where he could make some extra money for his university tuition. He found that he learned the ropes quickly, and because he could write “code”, he was able to scope out, and then design his own software programs to perform certain eBay tasks more efficiently and at less cost, than anyone else. Dave would get quite excited about his ideas, since he knew, better than most, that these programs might really make working and earning on eBay that much easier. He is not trained in classical marketing; but he instinctively knows what will get potential customers excited about his products.
Dave says: “before I finalize my ideas about a potential new product, I really need to step out of my virtual selling shell and pretend to be the buyer. I do this for every product I create, or better yet ... before I even start creating a product!” When eBay first launched its "want-it-now" section in Dec 2004, he had an idea for a product that could utilize that invaluable data. He called it AuctionYen. Dave chose the the word "Yen" because it means a desire, yearning or craving. In other words, what people yearn for or want. He had discovered that there was a way to use the new “want-it-now” section at eBay, so that people could have a tool that very quickly helped them find what they wanted to buy and others wanted to sell, without spending laborious hours searching and analyzing. Let’s look at this section of eBay for a moment.
The “want-it-now” section is separate from the auction listings. Think of it as an entirely different website with a unique, but quite different purpose. The “want-it-now” section is a place where eBay member/buyers post what they want to buy. On the obverse side of the same coin, eBay sellers can respond by pointing the now declared buyers to their own existing auctions on eBay. Think about this. There is no better place to find out what eBay buyers want. According to Dave, “I used my engineering training to develop statistical data analysis methods to help people research possible product ideas.
More specifically, AuctionYen uncovers repeating keyword combinations from thousands of “want-it-now” posts, uncovering possible untapped niches or even product ideas for your eBay business.”This tool is especially useful if you are an “eBay Newbie” looking for a product or niche to specialize in for your first foray into the forests of eBay. If you already have an eBay business, this tool is designed to help you find more niche products to add to your existing business. Dave knew he had a winner when he answered these key marketing questions:
(1) Are there any other online products that can do anything similar to mine?
(2) Will my product be popular, because it will save people lots of time and patience?
(3) How important is it that it can do automatically,
in just a few minutes, what it would take hours to calculate manually?
Dave answered these questions and knew that he had the raison d’?tre for a valuable eBay software product. He realized that eBayers would want this tool since it would greatly speed up their searches for products they wanted to buy. But here’s where I just love it with inventors. They attack one problem, and so often, they stumble upon other uses for their original concept. (I will be writing next, about another inventor/entrepreneur, who did exactly this: he started out looking specifically in one door. Coincidentally, three other doors just popp
Layoffs and fewer job opportunities have made the Washington job scene a buyer’s market; there is a glut of good candidates. Relax, with all of the layoffs, if you are out there looking, you’re probably one of them. As always, though, landing a good job means going through the dreaded job interview. Some of them are friendly. Others are meat grinders. In any case, here are ten tips for wowing ‘em and making them want to call you for a return visit. Research, research, research. Know the company cold. Find out what its pain points are and be ready to explain how you can help ease them. Be on time. Arrive 10 mi
Dave says: “before I finalize my ideas about a potential new product, I really need to step out of my virtual selling shell and pretend to be the buyer. I do this for every product I create, or better yet ... before I even start creating a product!” When eBay first launched its "want-it-now" section in Dec 2004, he had an idea for a product that could utilize that invaluable data. He called it AuctionYen. Dave chose the the word "Yen" because it means a desire, yearning or craving. In other words, what people yearn for or want. He had discovered that there was a way to use the new “want-it-now” section at eBay, so that people could have a tool that very quickly helped them find what they wanted to buy and others wanted to sell, without spending laborious hours searching and analyzing. Let’s look at this section of eBay for a moment.
The “want-it-now” section is separate from the auction listings. Think of it as an entirely different website with a unique, but quite different purpose. The “want-it-now” section is a place where eBay member/buyers post what they want to buy. On the obverse side of the same coin, eBay sellers can respond by pointing the now declared buyers to their own existing auctions on eBay. Think about this. There is no better place to find out what eBay buyers want. According to Dave, “I used my engineering training to develop statistical data analysis methods to help people research possible product ideas.
More specifically, AuctionYen uncovers repeating keyword combinations from thousands of “want-it-now” posts, uncovering possible untapped niches or even product ideas for your eBay business.”This tool is especially useful if you are an “eBay Newbie” looking for a product or niche to specialize in for your first foray into the forests of eBay. If you already have an eBay business, this tool is designed to help you find more niche products to add to your existing business. Dave knew he had a winner when he answered these key marketing questions:
(1) Are there any other online products that can do anything similar to mine?
(2) Will my product be popular, because it will save people lots of time and patience?
(3) How important is it that it can do automatically,
in just a few minutes, what it would take hours to calculate manually?
Dave answered these questions and knew that he had the raison d’?tre for a valuable eBay software product. He realized that eBayers would want this tool since it would greatly speed up their searches for products they wanted to buy. But here’s where I just love it with inventors. They attack one problem, and so often, they stumble upon other uses for their original concept. (I will be writing next, about another inventor/entrepreneur, who did exactly this: he started out looking specifically in one door. Coincidentally, three other doors just pop
IntroductionWhen viewed from a high level, the cost of poor quality data can affect a company’s bottom-line in two ways. First, there’s the cost of scrap and rework, and second, missed opportunities.An example of scrap and rework costs might be when an agent errs in recording a customer’s address details, and consequently a marketing premium is sent to the wrong address. Later, the customer calls to complain.The complaint needs to be handled (extra call center time), the address details then need to be entered a second time (rework), and a second premium needs to be sent. The initial pr
The “want-it-now” section is separate from the auction listings. Think of it as an entirely different website with a unique, but quite different purpose. The “want-it-now” section is a place where eBay member/buyers post what they want to buy. On the obverse side of the same coin, eBay sellers can respond by pointing the now declared buyers to their own existing auctions on eBay. Think about this. There is no better place to find out what eBay buyers want. According to Dave, “I used my engineering training to develop statistical data analysis methods to help people research possible product ideas.
More specifically, AuctionYen uncovers repeating keyword combinations from thousands of “want-it-now” posts, uncovering possible untapped niches or even product ideas for your eBay business.”This tool is especially useful if you are an “eBay Newbie” looking for a product or niche to specialize in for your first foray into the forests of eBay. If you already have an eBay business, this tool is designed to help you find more niche products to add to your existing business. Dave knew he had a winner when he answered these key marketing questions:
(1) Are there any other online products that can do anything similar to mine?
(2) Will my product be popular, because it will save people lots of time and patience?
(3) How important is it that it can do automatically,
in just a few minutes, what it would take hours to calculate manually?
Dave answered these questions and knew that he had the raison d’?tre for a valuable eBay software product. He realized that eBayers would want this tool since it would greatly speed up their searches for products they wanted to buy. But here’s where I just love it with inventors. They attack one problem, and so often, they stumble upon other uses for their original concept. (I will be writing next, about another inventor/entrepreneur, who did exactly this: he started out looking specifically in one door. Coincidentally, three other doors just pop
“Be patient and calm - for no one can catch fish in anger.” - Herbert HooverBecoming a successful entrepreneur may rely more on perseverance than skill. The development of a business plan needs to allow room for initial failure and financial difficulties.Many entrepreneurs go without a paycheck for a significant period of time as they work to establish a business for the future."Energy and persistence conquer all things." - Benjamin FranklinAs an entrepreneur you have the opportunity to work at solving problems by creating solutions in a manner that conveys both enthusiasm and concern for the customer.Think about this. There is no better place to find out what eBay buyers want. According to Dave, “I used my engineering training to develop statistical data analysis methods to help people research possible product ideas.
More specifically, AuctionYen uncovers repeating keyword combinations from thousands of “want-it-now” posts, uncovering possible untapped niches or even product ideas for your eBay business.”This tool is especially useful if you are an “eBay Newbie” looking for a product or niche to specialize in for your first foray into the forests of eBay. If you already have an eBay business, this tool is designed to help you find more niche products to add to your existing business. Dave knew he had a winner when he answered these key marketing questions:
(1) Are there any other online products that can do anything similar to mine?
(2) Will my product be popular, because it will save people lots of time and patience?
(3) How important is it that it can do automatically,
in just a few minutes, what it would take hours to calculate manually?
Dave answered these questions and knew that he had the raison d’?tre for a valuable eBay software product. He realized that eBayers would want this tool since it would greatly speed up their searches for products they wanted to buy. But here’s where I just love it with inventors. They attack one problem, and so often, they stumble upon other uses for their original concept. (I will be writing next, about another inventor/entrepreneur, who did exactly this: he started out looking specifically in one door. Coincidentally, three other doors just pop
If you’ve considered the possibility of becoming an entrepreneur there are eight traits that are important in describing the perfect entrepreneur.1. Risk Taker – Entrepreneurs understand that in order to make a profit they will need to assume a certain level of financial risk.2. Business Manager – Entrepreneurs have a keen understanding of finance and are well equipped to manage the finances of a business.3. Organizer – Entrepreneurs are well equipped in the area of organizing all aspects of the business for current and long-term growth.4. Marketing Expert – Entrepreneurs are capable of understanding and
(2) Will my product be popular, because it will save people lots of time and patience?
(3) How important is it that it can do automatically,
in just a few minutes, what it would take hours to calculate manually?
Dave answered these questions and knew that he had the raison d’?tre for a valuable eBay software product. He realized that eBayers would want this tool since it would greatly speed up their searches for products they wanted to buy. But here’s where I just love it with inventors. They attack one problem, and so often, they stumble upon other uses for their original concept. (I will be writing next, about another inventor/entrepreneur, who did exactly this: he started out looking specifically in one door. Coincidentally, three other doors just popped open right in front of him.)
This happened to Dave, too. He consequently discovered that his invention has another profitable use, originally unintended. It allows an eBay “researcher” to use this tool to determine where there are gaps in the marketplace or eBay “inventory”. This meant that someone looking for an interesting niche that not many others knew of, could do so, very quickly, with this tool. Other researchers would have to take days and weeks to calculate the relative demand and supply of products in order to determine if a prospective niche was indeed a real undiscovered opportunity. Sometimes, when you open one door of opportunity, one or three more just slide ‘open-sezamee’...unexpected. Inventors are the ones who discover, then bang on most of those doors.
© Copyright, Roy W. MacNaughton, 2006
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