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  3. How do you start a company with 5000$ - any ideas? any opinions?

How do you start a company with 5000$ - any ideas? any opinions?

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  • E Ennis Ray Lynch Jr

    I promise to deliver a well written summary. On a serious note, the smaller your capital investment the larger your personal investment must be. Make sure, however, the business you are starting is something you can attract business to and not perform the work for. Sure, in the beginning you will be doing both. But after you get started you should do less implementation and more solicitation. The amount is really irrelevant. Although with good credit 5k can become $30k (small business loan) and if you are in the U.S. there are SBA micro grants and loans available to bring your total to $50k if you really try.

    Need custom software developed? I do custom programming based primarily on MS tools with an emphasis on C# development and consulting. A man said to the universe: "Sir I exist!" "However," replied the universe, "The fact has not created in me A sense of obligation." --Stephen Crane

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    Smart Not Clever
    wrote on last edited by
    #12

    assuming - the idea is reasonably good.the product is ready.it's all hosted on a dedicated server.it only needs to sell.i just cant figure out how to sell. dont belive in online advertising.now if you could add furher opinions to that

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    • R Rama Krishna Vavilala

      You do not even need $5000 in that case. :)

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      Smart Not Clever
      wrote on last edited by
      #13

      ideas ! please!

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      • R Rama Krishna Vavilala

        ... to do that. Jokes apart, you can start a company for $200. Yes that's all it takes to register :) Here is Guy Kawasaki's article on How I built a Web 2.0, User-Generated Content, Citizen Journalism, Long-Tail, Social Media Site for $12,107.09 [^] If you ignore the legal fees and save the development costs by developing yourself, you can come to the $5000 mark. Remember, it takes very less to start a company but takes a lot to run one.

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        Jim Crafton
        wrote on last edited by
        #14

        After read further, I think the title of that article needs to be re-written. "How I blew 12K on a yet another worthless, copycat Web 2-Point-Blow site that's of less use than a urinary tract infection in a senile South American sloth." Lead on Mr Kawasaki, lead on. X|

        ¡El diablo está en mis pantalones! ¡Mire, mire! SELECT * FROM User WHERE Clue > 0 0 rows returned Save an Orange - Use the VCF! Personal 3D projects Just Say No to Web 2 Point Blow

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        • J Jim Crafton

          After read further, I think the title of that article needs to be re-written. "How I blew 12K on a yet another worthless, copycat Web 2-Point-Blow site that's of less use than a urinary tract infection in a senile South American sloth." Lead on Mr Kawasaki, lead on. X|

          ¡El diablo está en mis pantalones! ¡Mire, mire! SELECT * FROM User WHERE Clue > 0 0 rows returned Save an Orange - Use the VCF! Personal 3D projects Just Say No to Web 2 Point Blow

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          Rama Krishna Vavilala
          wrote on last edited by
          #15

          Huh? Do you know that he sold Truemors for far, far more than $12,000? :) [edit] Ok! I did not state the fact is that he was able to sell it because he was Guy Kawasaki. Other smart people may not succeed doing the same. [/edit]

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          • S Smart Not Clever

            How do you go about starting a company with 5000$ - any ideas? any opinions?

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            Smart Not Clever
            wrote on last edited by
            #16

            i think i need some sense of humour to sell.can someone share that?

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            • S Smart Not Clever

              i think i need some sense of humour to sell.can someone share that?

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              Dalek Dave
              wrote on last edited by
              #17

              I can sell you some for about $5000! :)

              ------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave

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              • R Rama Krishna Vavilala

                Huh? Do you know that he sold Truemors for far, far more than $12,000? :) [edit] Ok! I did not state the fact is that he was able to sell it because he was Guy Kawasaki. Other smart people may not succeed doing the same. [/edit]

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                Jim Crafton
                wrote on last edited by
                #18

                Well congrats for him. All that proves is that PT Barnum's observation of "There's a sucker born every minute" is still alive and well.

                ¡El diablo está en mis pantalones! ¡Mire, mire! SELECT * FROM User WHERE Clue > 0 0 rows returned Save an Orange - Use the VCF! Personal 3D projects Just Say No to Web 2 Point Blow

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                • D Dalek Dave

                  I can sell you some for about $5000! :)

                  ------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave

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                  Smart Not Clever
                  wrote on last edited by
                  #19

                  I thought by now - one of the cpians would have asked "what are you trying to sell?give us a hint": :doh:

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                  • S Smart Not Clever

                    i think i need some sense of humour to sell.can someone share that?

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                    hammerstein05
                    wrote on last edited by
                    #20

                    You're asking for someone to provide you with a sense of humour?! Seriously, from what you've said, you just need to market your product to encourage sales. Either market locally, or use the internet (which you said you don't believe in). I'm sure a quick search of google will yield you some results as to global or local marketing companies.

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                    • J Jim Crafton

                      After read further, I think the title of that article needs to be re-written. "How I blew 12K on a yet another worthless, copycat Web 2-Point-Blow site that's of less use than a urinary tract infection in a senile South American sloth." Lead on Mr Kawasaki, lead on. X|

                      ¡El diablo está en mis pantalones! ¡Mire, mire! SELECT * FROM User WHERE Clue > 0 0 rows returned Save an Orange - Use the VCF! Personal 3D projects Just Say No to Web 2 Point Blow

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                      Steve Westbrook
                      wrote on last edited by
                      #21

                      During the dotcom days, entrepreneurs had to raise $5 million to try stupid ideas. Now I’ve proven that you can do it for $12,107.09.

                      Wow, that's a huge savings on trying out stupid ideas!

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                      • H hammerstein05

                        You're asking for someone to provide you with a sense of humour?! Seriously, from what you've said, you just need to market your product to encourage sales. Either market locally, or use the internet (which you said you don't believe in). I'm sure a quick search of google will yield you some results as to global or local marketing companies.

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                        Smart Not Clever
                        wrote on last edited by
                        #22

                        outsourcing marketing is too expensive !

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                        • S Smart Not Clever

                          assuming - the idea is reasonably good.the product is ready.it's all hosted on a dedicated server.it only needs to sell.i just cant figure out how to sell. dont belive in online advertising.now if you could add furher opinions to that

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                          Keith Barrow
                          wrote on last edited by
                          #23

                          You don't beleive in online advertising, and you are promoting a website :WTF:. You could try putting an advert in the Evening Chronicle[^] with a cut-out and keep coupon for reductions to entice people. I'll be right back with more ideas when I've changed the fuse on my sarcasm-o-meter.

                          Dalek Dave: There are many words that some find offensive, Homosexuality, Alcoholism, Religion, Visual Basic, Manchester United, Butter. Pete o'Hanlon: If it wasn't insulting tools, I'd say you were dumber than a bag of spanners.

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                          • S Steve Westbrook

                            During the dotcom days, entrepreneurs had to raise $5 million to try stupid ideas. Now I’ve proven that you can do it for $12,107.09.

                            Wow, that's a huge savings on trying out stupid ideas!

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                            Jim Crafton
                            wrote on last edited by
                            #24

                            I guess it's a bit like applauding someone for having "skill" after winning the Lottery. Hell I could win a couple of million with by purchasing a lottery ticket today, surely that's a far better return on investment? If it's a stupid idea, and everyone with a shred of common sense knows this, why on earth are you wasting time on it? It's celebrating mediocrity.

                            ¡El diablo está en mis pantalones! ¡Mire, mire! SELECT * FROM User WHERE Clue > 0 0 rows returned Save an Orange - Use the VCF! Personal 3D projects Just Say No to Web 2 Point Blow

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                            • R Rama Krishna Vavilala

                              You do not even need $5000 in that case. :)

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                              Smart Not Clever
                              wrote on last edited by
                              #25

                              come on ! i am waiting ! - ask me "what exactly are you selling? give us a hint"

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                              • M Mark_Wallace

                                Great! Send me your credit card details, mother's maiden name, etc, and I'll forward the money to you!

                                I wanna be a eunuchs developer! Pass me a bread knife!

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                                Abhinav S
                                wrote on last edited by
                                #26

                                :)

                                Me, I'm dishonest. And a dishonest man you can always trust to be dishonest.
                                Honestly. It's the honest ones you want to watch out for...

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                                • K Keith Barrow

                                  You don't beleive in online advertising, and you are promoting a website :WTF:. You could try putting an advert in the Evening Chronicle[^] with a cut-out and keep coupon for reductions to entice people. I'll be right back with more ideas when I've changed the fuse on my sarcasm-o-meter.

                                  Dalek Dave: There are many words that some find offensive, Homosexuality, Alcoholism, Religion, Visual Basic, Manchester United, Butter. Pete o'Hanlon: If it wasn't insulting tools, I'd say you were dumber than a bag of spanners.

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                                  Smart Not Clever
                                  wrote on last edited by
                                  #27

                                  t's not that. It's not exactly a website. it's a software as a service. Advertising by itself is a random poor process of reaching people - the probability of a hit and conversion stand good only if it's a common service or some airline ticket booking stuff. In my case it's a Software application - hosted as a SaaS.Need some people with patience to understand it.

                                  modified on Tuesday, March 16, 2010 10:53 AM

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                                  • J Jim Crafton

                                    I guess it's a bit like applauding someone for having "skill" after winning the Lottery. Hell I could win a couple of million with by purchasing a lottery ticket today, surely that's a far better return on investment? If it's a stupid idea, and everyone with a shred of common sense knows this, why on earth are you wasting time on it? It's celebrating mediocrity.

                                    ¡El diablo está en mis pantalones! ¡Mire, mire! SELECT * FROM User WHERE Clue > 0 0 rows returned Save an Orange - Use the VCF! Personal 3D projects Just Say No to Web 2 Point Blow

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                                    Rama Krishna Vavilala
                                    wrote on last edited by
                                    #28

                                    Jim Crafton wrote:

                                    If it's a stupid idea, and everyone with a shred of common sense knows this, why on earth are you wasting time on it?

                                    There is no such thing as a stupid idea. There are ideas which succeed and make you money and ideas which do not.

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                                    • R Rama Krishna Vavilala

                                      Jim Crafton wrote:

                                      If it's a stupid idea, and everyone with a shred of common sense knows this, why on earth are you wasting time on it?

                                      There is no such thing as a stupid idea. There are ideas which succeed and make you money and ideas which do not.

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                                      Dalek Dave
                                      wrote on last edited by
                                      #29

                                      Rama Krishna Vavilala wrote:

                                      There is no such thing as a stupid idea.

                                      Oh yes there is! We all enjoy The Darwin Awards, they all start with a stupid idea!

                                      ------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave

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                                      • S Smart Not Clever

                                        outsourcing marketing is too expensive !

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                                        hammerstein05
                                        wrote on last edited by
                                        #30

                                        You have to make a decision here. You don't want to use the internet to market, but outsourcing marketing is expensive. You've only got marketing the product to generate sales left to do from what I see, so if you trust in your products success, $5k on marketing is nothing. Is your product an online product, or a physical one? If it's online, why not a google ad campaign and a well developed website? If you post on forums, make sure your website is mentioned in your sig with a link directly to your product (don't go overboard, be subtle) and I would imagine that would drive some sales your way.

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                                        • S Smart Not Clever

                                          what if everything is done- idea is big. product is ready. registraion is all done. only need to sell.how do u do that with 5000$ ?

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                                          Mechanical
                                          wrote on last edited by
                                          #31

                                          Smart-Not-Clever wrote:

                                          what if everything is done- idea is big. product is ready. registraion is all done. only need to sell

                                          [0] Spend some money on marketing. [1] Make a simple, easy to navigate website. [2] Do a lot of SEO. Have the SEO people write about your product in blogs etc - Complete lies will work better. [3] Offer all kinds of businesses (big and small) - Different license types for people with different amounts of money. [4] Put up a trial version to download and test - Make it less buggy - Bugs in trial version will kill your product.

                                          NULL

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