Give me your money!
Tagged Under : Business Model, Domain Expert, Ideas, Money
What will it take to have you hand over your money? Maybe that sounds like horrible question to ask, but I really want to know. People have money, people want things and people are willing to pay money for those things… right? Well, what is it that people want? I guess people want a lot of different things and there are many companies providing to those needs. I want to be one of them!
I have had many discussions with friends about which companies are making the big bucks these days. Obviously, for a company to make money they need to provide something people want and implement a successful business model. There are many business models that a company could adopt. Quite a few websites make all of their revenue from ads while others actually charge money for access to a service they provide. Everyone wants to find the perfect business model and I am right there with them. It is farily difficult to think outside the box and come up with something new. And even if you do think of something new the timing is really hard to get right. So what’s the solution? I don’t know. The next big thing doesn’t have to be something brand new I suppose. Myspace wasnt the first site to offer a place for people to put up pictures of themselves. Google wasn’t the first search engine. Digg wasnt the first user contributed content site. I just need to find that one thing that people need (or dont even know they need) and get it out at the right time.
I am also discovering that another problem is that most of the time you don’t know about the problems that exist. Why is this a problem? People pay for solutions and other things that they want. But, it’s really hard to solve a problem you don’t know about or provide something to people you don’t know they want. So I suppose one solution to the problem would be to find a Domain Expert of some sort and learn from them what the problems are. Any domain experts out there?



