Any self made millionaires here? Business question for you - GoFuckYourself.com

02-11-2010, 11:30 AM

When you have a lot of different ideas for a new business in front of you, how do you pick which one to go with?
How do you know if one is a winner and the others won't do well?

I have like 4 different ideas in front of me, 3 are mainstream sites, and I am stumped on which idea to run with.

All the ideas will take time to build and grow via word of mouth, so thats why im waiting to see which idea will work best before going with any.

Ive been working online for years and did *ok* but never made great money, so now I want to start making more

TheDoc · 02-11-2010, 11:33 AM

If the cost isn't a big factor... why not get others to build what you want and see which one sticks?

Maybe all ideas will stick... then again, maybe none of them will, but if you do them one at a time, it's going to take you way longer to find out.

iwiiiiiiiiii · 02-11-2010, 11:33 AM

I am not, but I would go with the pros and cons and feeling

ravo · 02-11-2010, 11:38 AM

I agree with TheDoc; you have to figure out a way to try a bunch of different things quickly, and do a quick assessement of each. *Most* things don't work, so you need to try a bunch.

I think someone called it "fast failures".

DateDoc · 02-11-2010, 11:39 AM

You can't do it all yourself. Right now you are mired down in too much to do and not enough time. You are the worker bee with all the responsibility and burdens of the CEO yet since you have to do all the work you cannot implement new projects that may afford you financial freedom and help you get away from much of the day to day grind.

Quite often what you think is a sure thing will not be and what might be the worst of the 4 ideas (to you) is the one that is going to be the best. About the only way you can run with all four is to enlist some help. Who would be best to help you with on each of the four projects? Are you willing to partner with them or are you going to hire them as an employee, possibly with profit sharing or partial ownership?

One person can only do so much.

CreditCardMAN · 02-11-2010, 11:48 AM

Interesting question

My friend if there was a secret formula to answer you question, THAT would be something your bottle and sale!

I have open busineses both private and public. I am retired at 40 and spend all day with the family and for fun i just started a new business for my oldest kid. A business plan is key and there within is the SWOT analysis. understand that! in opinion that indicates whats best for all

Good Luck
email me keep me posted

_Richard_ · 02-11-2010, 11:51 AM

Quote:

Originally Posted by DateDoc

You can't do it all yourself. Right now you are mired down in too much to do and not enough time. You are the worker bee with all the responsibility and burdens of the CEO yet since you have to do all the work you cannot implement new projects that may afford you financial freedom and help you get away from much of the day to day grind.

Quite often what you think is a sure thing will not be and what might be the worst of the 4 ideas (to you) is the one that is going to be the best. About the only way you can run with all four is to enlist some help. Who would be best to help you with on each of the four projects? Are you willing to partner with them or are you going to hire them as an employee, possibly with profit sharing or partial ownership?

One person can only do so much.

pornask · 02-11-2010, 11:53 AM

Quote:

Originally Posted by DateDoc

You can't do it all yourself. Right now you are mired down in too much to do and not enough time. You are the worker bee with all the responsibility and burdens of the CEO yet since you have to do all the work you cannot implement new projects that may afford you financial freedom and help you get away from much of the day to day grind.

Quite often what you think is a sure thing will not be and what might be the worst of the 4 ideas (to you) is the one that is going to be the best. About the only way you can run with all four is to enlist some help. Who would be best to help you with on each of the four projects? Are you willing to partner with them or are you going to hire them as an employee, possibly with profit sharing or partial ownership?

One person can only do so much.

well said

Kristian · 02-11-2010, 12:00 PM

Never think about what you want to create - like the next Youtube or Facebook - and concentrate on what you want to sell. Then make what your intelligence, instinct, and advisers consider to be the best platform to do so. When you start out try selling free stuff in a niche that you are passionate about. A few years back, before the market became saturated, you may have been a ring tone addict and done that, for instance. Selling frees is a good way to get you started. Concentrate on making the idea you KNOW will work ACTUALLY WORK. When it does work you, either farm out the running of it to cheap but reliable workers, or set up a system to make it easy to update, then go on to the next idea using the same principles.

seeandsee · 02-11-2010, 12:07 PM

Quote:

Originally Posted by teh ghey

When you have a lot of different ideas for a new business in front of you, how do you pick which one to go with?
How do you know if one is a winner and the others won't do well?

I have like 4 different ideas in front of me, 3 are mainstream sites, and I am stumped on which idea to run with.

All the ideas will take time to build and grow via word of mouth, so thats why im waiting to see which idea will work best before going with any.

Ive been working online for years and did *ok* but never made great money, so now I want to start making more

try it just

Bossman · 02-11-2010, 12:27 PM

My advice, if you really want to make it big and fast:

- Be commercial first mover (find something where the players have yet to be found)
- Focus on niche (forget about doing everything)
- Be greedy (Buffett style)

Bossman · 02-11-2010, 12:29 PM

Of course there is also hard work, and making things better (however they usual take longer)

02-11-2010, 02:45 PM

Thanks for the advice. Theres some good tips here.
Im lucky that I've been online for a while and my sites make enough money to pay the rent and basic living expenses, so I'm stable and not in any hurry to make new money fast.

But I sit around all day doing nothing and now I want to build something BIG and I know I can. I'm ready to make some real money this time.
I guess Ill try a little bit of all 4 ideas and see which one has traction.

aphrophoto · 02-11-2010, 02:49 PM

im not milionaire, but answer is easy. do not want to be millionaire asap, but be patient and build all your projects, just start with one where you see the most money. if you will start making nice money, your will enjoy your work much more so the rest of project will be more fun than a pain in the ass. just start, do not wait and ask

grumpy · 02-11-2010, 03:27 PM

take the advice from my sig ;)

robfantasy · 02-11-2010, 03:48 PM

-learn how to get the traffic

-learn how to re-engineer the competition

-watch your numbers and optimize for efficiency

-structure the business to look good on paper

-sell

rinse and repeat

SomeCreep · 02-11-2010, 06:13 PM

Quote:

Originally Posted by teh ghey

When you have a lot of different ideas for a new business in front of you, how do you pick which one to go with?
How do you know if one is a winner and the others won't do well?

I have like 4 different ideas in front of me, 3 are mainstream sites, and I am stumped on which idea to run with.

All the ideas will take time to build and grow via word of mouth, so thats why im waiting to see which idea will work best before going with any.

Ive been working online for years and did *ok* but never made great money, so now I want to start making more

Go with 1 idea, whichever you are the most passionate about.

Adam_M · 02-11-2010, 06:31 PM

Lots of different angles here

pornguy · 02-11-2010, 07:12 PM

IM not a millionaire maybe a hundredaire but you might want to consider NOT doing any of it if you can not look at the facts presented and know which is most likely to go.

scubadiver626 · 02-11-2010, 07:51 PM

Gramps always said to me. You'll get 100's offers and opportunities when you're young.

It's choosing the right one, that's the hard part.

Amputate Your Head · 02-11-2010, 08:06 PM

What is the fascination with being rich?

Bigger money = bigger bills = bigger problems = harder fall.

Focus on being happy. Pursuit of money is a dead end street. You can't take it with you. ANY of it. Not the cars, the money, the stuff..... it's all just a bunch of anxiety at the end of the day.

A surfer once put it to me like this:

"You take a homeless dude off the street and a rich billionaire guy, and put them both out in the surf in the ocean..... all that money goes away. The universe doesn't give a fuck how much money you have. Neither do the sharks."

Kristian · 02-11-2010, 08:15 PM

Quote:

Originally Posted by Amputate Your Head

What is the fascination with being rich?

Bigger money = bigger bills = bigger problems = harder fall.

Focus on being happy. Pursuit of money is a dead end street. You can't take it with you. ANY of it. Not the cars, the money, the stuff..... it's all just a bunch of anxiety at the end of the day.

A surfer once put it to me like this:

"You take a homeless dude off the street and a rich billionaire guy, and put them both out in the surf in the ocean..... all that money goes away. The universe doesn't give a fuck how much money you have. Neither do the sharks."

Very cool quote and I agree with the philosophy. I spent my twenties working 16 hour days, every day of the week. I made lots of money but I totally regret how I spent my time.

Spunky · 02-11-2010, 09:26 PM

Don't piss it all away on hookers and blow,stick with pork bellies and Orange juice.money is so over rated.how many millions will make you happy

Shap · 02-11-2010, 09:29 PM

Quote:

Originally Posted by SomeCreep

Go with 1 idea, whichever you are the most passionate about.

GREAT ADVICE. I was trying to think of a reply and yours is perfect.

GAMEFINEST · 02-11-2010, 09:41 PM

sex n money..

tigermtb · 02-11-2010, 10:02 PM

Good ideas are the hard part. If you've got a couple and they all have good potential, do the one you think you will most enjoy. It will be the most rewarding.

VikingMan · 02-11-2010, 10:06 PM

Quote:

Originally Posted by teh ghey

When you have a lot of different ideas for a new business in front of you, how do you pick which one to go with?
How do you know if one is a winner and the others won't do well?

I have like 4 different ideas in front of me, 3 are mainstream sites, and I am stumped on which idea to run with.

All the ideas will take time to build and grow via word of mouth, so thats why im waiting to see which idea will work best before going with any.

Ive been working online for years and did *ok* but never made great money, so now I want to start making more

I would say you should go ahead with that tranny site

Good luck!

Cyber Fucker · 02-12-2010, 08:07 PM

Some nice tips over here. It deserves a bump for sure.

Semi-Retired-Dave · 02-12-2010, 08:14 PM

Quote:

Originally Posted by SomeCreep

Go with 1 idea, whichever you are the most passionate about.

He nailed it. You have to be passionate about something to be successful at it. Do what you love and the money shall follow. You will make the most money in the project you put the most focus on. So take the one you will be most proud of and give it your all.

02-11-2010, 11:30 AM	#1
teh ghey Guest Posts: n/a	Any self made millionaires here? Business question for you When you have a lot of different ideas for a new business in front of you, how do you pick which one to go with? How do you know if one is a winner and the others won't do well? I have like 4 different ideas in front of me, 3 are mainstream sites, and I am stumped on which idea to run with. All the ideas will take time to build and grow via word of mouth, so thats why im waiting to see which idea will work best before going with any. Ive been working online for years and did ok but never made great money, so now I want to start making more

02-11-2010, 11:33 AM	#2
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	If the cost isn't a big factor... why not get others to build what you want and see which one sticks? Maybe all ideas will stick... then again, maybe none of them will, but if you do them one at a time, it's going to take you way longer to find out. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

02-11-2010, 11:38 AM	#4
ravo Confirmed User Industry Role: Join Date: Jun 2001 Location: Skype: ravo.fpctraffic Posts: 5,445	I agree with TheDoc; you have to figure out a way to try a bunch of different things quickly, and do a quick assessement of each. Most things don't work, so you need to try a bunch. I think someone called it "fast failures". __________________ AdultAdBroker - Buy and Sell Your Flat Rate Banners, Links, Tabs, Pops, Email Clicks and Members' Area Traffic - updated Sept 2025

02-11-2010, 11:39 AM	#5
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	You can't do it all yourself. Right now you are mired down in too much to do and not enough time. You are the worker bee with all the responsibility and burdens of the CEO yet since you have to do all the work you cannot implement new projects that may afford you financial freedom and help you get away from much of the day to day grind. Quite often what you think is a sure thing will not be and what might be the worst of the 4 ideas (to you) is the one that is going to be the best. About the only way you can run with all four is to enlist some help. Who would be best to help you with on each of the four projects? Are you willing to partner with them or are you going to hire them as an employee, possibly with profit sharing or partial ownership? One person can only do so much. __________________

02-11-2010, 12:27 PM	#11
Bossman Confirmed User Join Date: Jun 2006 Location: EU Posts: 1,263	My advice, if you really want to make it big and fast: - Be commercial first mover (find something where the players have yet to be found) - Focus on niche (forget about doing everything) - Be greedy (Buffett style) __________________ Live Sex Buying membership sites E-mail: support AT epcrew.com Last edited by Bossman; 02-11-2010 at 12:28 PM..

02-11-2010, 11:33 AM	#3
iwiiiiiiiiii Outside The Box Geek Industry Role: Join Date: Oct 2004 Location: MTL/Canada Posts: 550	I am not, but I would go with the pros and cons and feeling

02-11-2010, 11:48 AM	#6
CreditCardMAN Registered User Join Date: Nov 2009 Location: San Diego Posts: 64	Interesting question My friend if there was a secret formula to answer you question, THAT would be something your bottle and sale! I have open busineses both private and public. I am retired at 40 and spend all day with the family and for fun i just started a new business for my oldest kid. A business plan is key and there within is the SWOT analysis. understand that! in opinion that indicates whats best for all Good Luck email me keep me posted

02-11-2010, 12:00 PM	#9
Kristian Confirmed User Industry Role: Join Date: Aug 2003 Posts: 3,733	Never think about what you want to create - like the next Youtube or Facebook - and concentrate on what you want to sell. Then make what your intelligence, instinct, and advisers consider to be the best platform to do so. When you start out try selling free stuff in a niche that you are passionate about. A few years back, before the market became saturated, you may have been a ring tone addict and done that, for instance. Selling frees is a good way to get you started. Concentrate on making the idea you KNOW will work ACTUALLY WORK. When it does work you, either farm out the running of it to cheap but reliable workers, or set up a system to make it easy to update, then go on to the next idea using the same principles.

02-11-2010, 12:29 PM	#12
Bossman Confirmed User Join Date: Jun 2006 Location: EU Posts: 1,263	Of course there is also hard work, and making things better (however they usual take longer) __________________ Live Sex Buying membership sites E-mail: support AT epcrew.com Last edited by Bossman; 02-11-2010 at 12:41 PM..

02-11-2010, 02:45 PM	#13
teh ghey Guest Posts: n/a	Thanks for the advice. Theres some good tips here. Im lucky that I've been online for a while and my sites make enough money to pay the rent and basic living expenses, so I'm stable and not in any hurry to make new money fast. But I sit around all day doing nothing and now I want to build something BIG and I know I can. I'm ready to make some real money this time. I guess Ill try a little bit of all 4 ideas and see which one has traction.

02-11-2010, 02:49 PM	#14
aphrophoto So Fucking Banned Join Date: Aug 2004 Location: S.E. United Kingdom Posts: 57	im not milionaire, but answer is easy. do not want to be millionaire asap, but be patient and build all your projects, just start with one where you see the most money. if you will start making nice money, your will enjoy your work much more so the rest of project will be more fun than a pain in the ass. just start, do not wait and ask

02-11-2010, 03:27 PM	#15
grumpy Too lazy to set a custom title Join Date: Jan 2002 Location: Holland Posts: 9,870	take the advice from my sig ;) __________________ Don't let greediness blur your vision \| You gotta let some shit slide icq - 441-456-888

02-11-2010, 03:48 PM	#16
robfantasy Confirmed User Industry Role: Join Date: Jun 2002 Location: Medellin, Colombia Posts: 6,445	-learn how to get the traffic -learn how to re-engineer the competition -watch your numbers and optimize for efficiency -structure the business to look good on paper -sell rinse and repeat __________________ Looking to speak w/ high volume nutra CPA affiliates or networks... msg me

02-11-2010, 06:31 PM	#18
Adam_M Confirmed User Industry Role: Join Date: Mar 2006 Location: Australia Posts: 3,800	Lots of different angles here __________________ DiscountedPorn.Com ReviewedPorn.com

02-11-2010, 07:12 PM	#19
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	IM not a millionaire maybe a hundredaire but you might want to consider NOT doing any of it if you can not look at the facts presented and know which is most likely to go. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

02-11-2010, 07:51 PM	#20
scubadiver626 Confirmed User Join Date: Oct 2006 Posts: 1,034	Gramps always said to me. You'll get 100's offers and opportunities when you're young. It's choosing the right one, that's the hard part. __________________ AsiaMoviePass My Best Rebilling Site

02-11-2010, 08:06 PM	#21
Amputate Your Head There can be only one Industry Role: Join Date: Aug 2001 Location: Somewhere else Posts: 39,075	What is the fascination with being rich? Bigger money = bigger bills = bigger problems = harder fall. Focus on being happy. Pursuit of money is a dead end street. You can't take it with you. ANY of it. Not the cars, the money, the stuff..... it's all just a bunch of anxiety at the end of the day. A surfer once put it to me like this: "You take a homeless dude off the street and a rich billionaire guy, and put them both out in the surf in the ocean..... all that money goes away. The universe doesn't give a fuck how much money you have. Neither do the sharks."

02-11-2010, 09:26 PM	#23
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,949	Don't piss it all away on hookers and blow,stick with pork bellies and Orange juice.money is so over rated.how many millions will make you happy __________________ *YOUR INFORMATION HERE*

02-11-2010, 09:41 PM	#25
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,439	sex n money.. __________________ Compound interest.

02-11-2010, 10:02 PM	#26
tigermtb Confirmed User Join Date: Nov 2003 Location: Canada Posts: 1,062	Good ideas are the hard part. If you've got a couple and they all have good potential, do the one you think you will most enjoy. It will be the most rewarding. __________________ Jay \| JuicyAds Founder Businessman of the Year [YNOT Awards 2013] The most awarded adult advertising network with 25+ XBIZ, GFY, and YNOT Awards.

02-12-2010, 08:07 PM	#28
Cyber Fucker Hmm Industry Role: Join Date: Sep 2005 Location: On an endless road around the world for rock and roll. Posts: 12,642	Some nice tips over here. It deserves a bump for sure. __________________ Last edited by Cyber Fucker; 02-12-2010 at 08:09 PM.. Reason: Those are the true gfy educational series.