Research Wisely

before you spend money. I spent $50 on code which i don't use. In fact, i researched enough to use code i found for free and use it without any trouble.

What a waste! That's money i could have used for so many other things. The worse part is that i haven't even made a Re off the app that i needed the code for. So what was the point in spending that money then?

Will somebody please take away my credit card??

Ideas, IDeas, idEas!!

For some strange reason, today is a day i am overflowing with ideas to try out and implement. Are they useful? I would like to think so. Are they easy to implement? Heck No! Involves way too much coding for my liking

So what exactly am i doing coming up with these ideas? And why?

Will I ever implement them? I most certainly hope so.

A new domain!

Can't believe i didnt give this a whole post. I mentioned hosting but I never mentioned that i also registered a whole new domain!! That my dear solitary reader, is a big BIGGIE!!

So go on, cheer for me!! I'm certainly enjoying having a new e-mail id :D

Lots of Updates

Its been a while since i last made my post. In that time, i've learned to navigate around Joyent, though i dont think i'm making the most of their offerings. I've partially finished coding(Ha! can you believe it?? I'm coding!!) my study app and it's even gone live. Lots of code to learn here, a lot of it was new(FBML,PHP and MYSQL) but i like to think i've coped well.

Now, while not a lot of the people who've added it have utilised it, i guess i just have to show more patience. Its been only 3days ( I launched on Friday, today is Monday) and i've spent a while today marketing it to people so hopefully the numbers should go up. This btw, is Idea3 that was mentioned below.

I also signed up for and was alloted free hosting on another server. I havent started using that yet but the interface there appears to be more like GoDaddy so i guess it should be easy to use that. That said, took me quite a while to figure out how to work Joyent and i'm really pleased with myself. Especially since its a Solais interface which means i had to SSH/SFTP. That took some getting used to.

I also migrated all my e-mails to Google Apps. Find it very convenient and i love Google apps so it was no-brainer really.

All in all, an extremely useful phase of learning and work.

Damn!/ Joyent!

All the money i spent on hosting now appears to be a waste. I had applied for a Joyent account(which if you dont know is a free account for 1yr for you to server your fb app) but given what i was seeing on the forums, it appeared to be a long wait. So i went ahead and bought a 2month hosting with GoDaddy.


Only to get a Joyent account last night :-|

Should i laugh or should i smile wryly at this???

Some more money flows out

Source Code $50
Hosting $11 (approx)

After plenty of e-mails sent back and forth, in which some things were mentioned as possible but finally not delivered and some things which were promised earlier but still not delivered i'm now the proud(?) owner of code for a quiz, 2months hosting and 1domain name registered for 1year.

I've got some semblance of user base waiting to try it all. Not sure if i'll make any money out of it. Though i'd like to think as a stepping stone to bigger things.

Let's see how it goes :)

It sucks to have no money...

when you have all these great (as always, its my idea so either you accept its great or buzz off!) ideas and no money to make them work. As of now, i have 3 ideas.

Idea 1 has been in limbo for like forever so i dont think it minds too much.
Idea 2 just came into my life. However, people with MBAs are making my life miserable on the amount of background research i should do before launching it(yeah launching this one should be pretty easy though there's a lot of work involved post launch)
Idea 3 is new and Horror of Horros!! It involves coding!! And i've got to do it. Now, those of you'll who follow this blog, know how much i absolutely abhor coding. However, it doesnt seem like i have much choice in this matter. So i'm doing it. And i think this is the one time i just might enjoy myself.

In the meantime, those of you'll interested in investing 30Lakhs in me please do get in touch. :)

Meebo Me-2

I've just added the MeeboMe widget on the 2nd website as well. Now that i'm spending so much time online might as well make the most of it.

I got an order nearly a week ago. Thanks to the location shifting, i havent been able to fulfill it. Will make a partial refund and hopefully fulfill the order by saturday. That way atleast the customer should be happy. Though i'm not sure he's going to appreciate the fact that its taken longer than it should have.

my bad :(

Seriously?

Started this blog a while ago and i like to believe i've grown a lot over the years. i've posted sporadically so is that what's contributing to such a high level??

Hmm the benefits of delayed posting :D

New Beginnings

I've been in Mumbai for a while now (arrived here last sunday) and its been good so far. Travelling is a bit of a pain but there's a healthy walk at the end of it. Then again, i've been gettin home really late each day.

Work's interesting. I dont know if i've honestly done anything worthwhile so far :D but i'm working with a really small team that's young and fun. Work's been a joy so far and i guess its going to remain that way.

The sad things however is that I have no net at home. I have the (ex)company laptop but that has to go back soon and i dont see where i'm going to place my desktop. A lot of things are suffering because of this lack of internet. Didnt realise i was so dependent on it :-| Even my pendrive's burnt out due to faulty wiring at the office :'(

Lots of stuff needs to be done.

Ideas/Follow Ups

I really should start to index every idea i get. Otherwise i'm apt to forget about it. Sometime last week, Neha reminded me about something that I had completely forgotten. It is/was a great idea( Hey! I'm the one with the idea so you either accept its great or Keep Quiet :-P ) but i've done absolutely no work on it. Sure, I've got the first few pages set.... atleast i know what the first few pages should be but I havent done a thing beyond that. I havent even put the first few pages together. Think i should be start sometime soon no?

I also should keep things ready for a presentation. The other day, I realised that I should have started promoting the 3rd Company product at the earliest. Arranged to meet a member of the market i wanted to target, but when push came to shove, I wasnt even the least bit ready. Now i'm only partially ready, I have to still burn a cd with the software.

But i've begun pursuing people in colleges and other people for registerting the company.

Funny, just when i'm about to leave Hyd do i start to put things into overdrive :-|

Lots of Water...

has flown under the bridge since my last post. Things have changed and i'm beginning to see different things. Where once i saw trust and loyalty I've now seen betrayal.Where once i saw excitement and possibility i now see boredom and non-existence.

It was during this period of betrayal that another door opened up for me. It involves me moving out to Mumbai, the pay is good( as an afterthought, so is the job :D ) and its Mumbai!! A place where i've always wanted to spend some more time. I'm far too comfortable where I am right now, the city is not at all fast paced and change would be a good thing for me. The question is "Am i ever going to make that change?"

So

So i finally log in with my desktop only to find that my account for the first website has been suspended. I wondered if it was going to be worth it to renew as I really wasnt making any money off it. I thought about shifting servers as I was anyway going to launch another site and I could use the same for hosting two different websites. I've mailed my original service provider to find out what's the cost to activate the account because the other one doesnt come cheap. Either way that site will be back up soon.

Feedback on my Business Plan

GLOBAL ENTREPRENEURSHIP NETWORK

SCREENING FORM

Criterion Factors Max. Score Score Potential Impact Understanding of Market Situation 10 06 (40 marks) Competitive Analysis 10 03 Identification of opportunity 5 03 The Idea and its Innovation 10 08 Potential to disrupt status quo 5 03 Potential Executability Strength of current team 20 10 (40 marks) Marketing and sales strategy 10 04 Finance Strategy 5 02 Unique Selling Points 5 03 Potential Fundability Revenue and growth potential 10 07 (20 marks) Potential to go public / get acquired 10 06 Grand Total: 55

SUGGESTIONS:

COMMENTS: Idea is good but is presented with very poor analysis. Many of the important aspects are presumed to be granted which need to be dealt in proper perspective.

IS THE ENTRY FIT TO PROCEED TO THE NEXT STAGE? In the present form is should not be proceed to the next stage.

First Sale!

I remember how excited I was when I made my first sale from the other site. I called up everyone who knew about what i was doing to share the news :-D

Today, I made my "First" sale from the second site. "First" is because somebody had already made a purchase before we realised that I didnt deliver till there. So i had to refund their money. Now, another person has made a purchase so i guess this must count as First Sale right??

:-D

Timing!

I'm in the middle of my GMAT prep, my job isnt going exactly the way I want it to and I'm wondering what I can do to improve my candidature, make money and i start to toss ideas around in my head. And then it hits me!! I stick to what I'm good at-- Teaching! and i do something that revolves around that. So after a little searching i figure out what I can do.

The problem is that i can get pretty obsessive with an idea. I'll think about only that to the exclusion of everything else. I've spent the last coupla days obsessing over it. I think i should be ready by next year. I've spoken to one who could have been a prospective client. She thinks its a good idea. Spoke to a coupla other people. One person asked me to focus on the GMAT. The other is neutral.

As of now, i still think its possible. It would be awesome if I could pull off something like this!! Then again, the timing is all off. I have GMAT in a few weeks time and i really need to be studying for it.

Fingers crossed!

Opposites

Last night I did two opposite things.

Tired of the way things are going at my current job, I sent in an interview request with a company that's had a lot more success doing what i originally set out to do.

Then i sent in a Executive Summary to GenPortal hoping to get selected which basically means i'll be doing something entrepreneurial then.

Nice opposites no? One a corporate job and the other an entrepreneurial venture but even here i'll still be reporting progress and fund spending to somebody or the other.

This is probably why I want an MBA. So that i never have to do two oh-so-contrasting job hunts again!

Sometimes a mistake can be good

Lots of learning in a span of 2hours today!

Learning No: 1 Clearly mention the places you will ship to.

From Company 2 i made my first sale today. so Yaayyy!!

I then had to refund it as the address was a US address and shipping there would have meant a Loss on my first sale!!

Learning No:2 : My version of Msgtag works!!! In order to initiate a refund i transferred a mail from one account to another. i use Google mail in the sense my company mail is hosted on Gmail and i didnt expect my version of msgtag to work. Atleast, that's what even the website says. But it DOES!!!

I'm going to have to re-think my original intent to purchase the more expensive version of msgtag because apparently i dont need to anymore.

I wanted to shift company 1 ka mail also to Gmail so that should happen by the end of the day :D

Good fun no?? :D

Patience!

Its now 24hours or thereabouts since i sent out the e-mail blast for site2. However analytics doesnt show any increase in numbers :-( Now i'm beginning to think i should have gotten the MSGTAG linking. Atleast I would know what's happening to my mails. DAMN!! this is so frustrating!!

Pricing Pricing Pricing and of course Marketing

Last night I decided to forsake profits for market share. I slashed prices(well actually, inspired by the MSGTAG people i put up a discount coupon)by 40%. This should hopefully start bringing in the people. With the discount offering, the price is really really low and with a price-conscious Indian market its the only thing i could do. I also sat and mailed nearly 50addresses that I had collected over a few weeks. Analytics hasn't started to show anything but its early days. I actually wanted to upgrade my MSGTAG product and then send out the mails, but decided to wait till i bring in some money. I know you need to spend money to make money but i've spent enough already.

I've also activated adwords for the other site. Currently I have 2 ads running which while getting a lot of impressions havent generated any clicks. I'm targetting a niche category so i suppose that plays a part.

Waiting with fingers crossed.