Archive for the ‘Business Ideas’ Category

Entrepreneurs and Students Wanted ASAP!

Posted on February 27th, 2013 by AndrewHazenCom  |  No Comments »

Admittedly I have a MAJOR addiction….domain names and start-ups; there I said it!!

Over the past 17+ years I have been procuring domain names and creating multi-million dollar web-based business models. Some of these have been developed and are currently generating millions of dollars of annual revenue but many, many domain names and business models sit idle waiting for YOU and/or your contacts to come a long and take charge!!

So here’s what I am looking for…..

- You have a CAN DO attitude
- You are a Type A person that does not ‘turn on’ at 9am and ‘turn off’ at 5pm…
- You do NOT feel entitled to a one-hour lunch and five personal days a year….
- You don’t just talk a great game….you EXECUTE and get shit done!
- You love to part of a team that takes an idea and turns it into a PROFITABLE business
- While You need guidance, you do NOT need hand holding….
- You are ready to be compensated based on performance and growth!!

You can be a student, intern, part-time, full-time; whatever…I am open!!

I look forward to hearing from YOU or your contacts
@AndrewHazen

Long Island Entrepreneurs: Come Out, Come Out Wheverever You Are!

Posted on November 13th, 2012 by AndrewHazenCom  |  No Comments »

As published today in Long Island Business News
————
Long Islanders looking to cash in on their good ideas but unsure of how to do so have a new resource to help them out.

A new special interest group, created by Angel Dough Ventures founder Andrew Hazen in conjunction with the Long Island Software and Technology Network, will aid would-be entrepreneurs with information and guidance on business formation, product/service development, funding and marketing.

All advice will be provided by local entrepreneurs like Hazen who have successfully brought their ideas to market, as well as experts from other fields such as law.

Hazen said it’s his hope the special interest group helps to create a series of new startup companies in the region.

The group’s first meeting is at 8 a.m. on Dec. 11 at the offices of Uniondale-based Ruskin Moscou Faltischek and there are already over 50 people signed-up to attend.

For more information please visit www.LIstartups.com
——————–
Hope to see you there!!
@AndrewHazen
@LIStartups

4 Websites to Get Inspired for Your Startup Idea

Posted on October 27th, 2012 by AndrewHazenCom  |  No Comments »

Are you looking for the right startup idea? Here are 4 websites that can help you to find the inspiration you are looking for:

IdeasWatch
Do you want to start something innovative? Check what people miss on the market at IdeasWatch. Creative minds share here (and keep sharing) hundreds of ideas they would love to use if they existed. Thanks to global scope of IdeasWatch you can discuss their business models, technical solution or marketing with other entrepreneurs, investors or geeks from all over the world. The international community also helps to spot similar projects in another country. If you fall in love with one of the ideas you can easily form a team with other people passionate about the same idea and start a business together.

Springwise
Would you rather start something that already exists and proved itself? Keep an eye on Springwise. More than 8,000 spotters bring new ideas from many countries on daily basis. The editors choose them very carefully to keep the high quality. Feel free to get inspired and try to run a similar idea in your region or in a different way. The website is visually very appealing thanks to pictures and nice headings for each idea. An advantage and drawback at the same time is the number of subscribers – more than 150,000 people receive the same idea, so act quickly!

Cool Business Ideas
Want another source of realized ideas like Springwise? From time to time look at Cool Business Ideas. The concept is practically the same, however, they have a much smaller community of spotters and less subscribers. This makes the ideas more scarce (less people want to do it). There are usually tangible products you might want to import to your country if they are not already there. The ideas differs from Springwise so there is no reason not to check both.

Killer Startups
Looking for emerging internet startups? Subscribe to Killer Startups. This site allows anyone to submit a startup for free. It is therefore popular among early-stage entrepreneurs to promote their projects. From the websites featured in this article, they publish by far the most startups per day (15+). The quality is varying though. Some of the startups turn out later to be quite big,while others keep their school-project-look and never grow up. Nevertheless, both are inspirational. It might not be that hard to catch up when you see a good idea that is poorly realized.

I hope these sites fuel your inspiration and entrepreneurial drive!!
@AndrewHazen

Top 20 Reasons Why Starts Fail…

Posted on September 28th, 2012 by AndrewHazenCom  |  No Comments »

Just read this great list at Early Shares entitled Top 20 Reasons Why Startups Fail…..

After a thorough analysis of those 32 startup post-mortems, it was determined the common reasons founders gave to compile this list of the top 20 ways to have your startup fail…

#20 – Start the Company at the Wrong Time

Many companies that failed started during the recent financial crisis (and continues to suffer through), and some startups highlighted the larger market negativity as a reason for their ultimate demise.

#19 – Not Working on it Full-Time

Startups are hard. They’re even harder when you’re pulled in a couple of different directions (i.e., a day job). This came through in several post-mortems. If you’re working another full-time job with nobody fully invested, you are running the risk of burning out, acting with less urgency and just not having enough hours in the day to get what you need done. Also, with another job, there is the risk that a team acts with less urgency given they have sources of income.

#18 – Location, Location, Location

Location was an issue in two different ways. The first being that there has to be congruence between your startup’s concept and location. By way of crude example, if you’re building innovative trading software for Wall Street, be where your customers are and where you can network best. Location also played a role in failure for remote teams. The key being that if your team is working remotely, make sure you find effective communication methods, or else lack of teamwork and planning could lead to failure. Location issues were given as a reason for failure 6% of the time.

#17 – Be Unable to Attract Investors

While this may be a cousin of reason #20 (starting the company at the wrong time), there was a group of founders who candidly expressed that their inability to attract investors was the reason for their ultimate demise. If there is no money out there for your idea, reassess whether there is a market for it, and reassess your approach.

#16 – Get Outcompeted

Despite the platitudes that startups shouldn’t pay attention to the competition, the reality is that once an idea gets hot or gets market validation, there may be many entrants in a space. And while obsessing over the competition is not healthy, ignoring them was also a recipe for failure in 10% of the startup failures.

#15 – Burn Out

Work life balance is not something that startup founders often get and so the risk of burning out is high. The ability to cut your losses where necessary and redirect your efforts when you see a dead end was deemed important to succeeding and avoiding burnout; as was having a solid, diverse and driven team so that responsibilities can be shared. Burning out was given as a reason for failure in 12+% of the startup failures.

#14 – Lose Focus – Distraction

Getting sidetracked with all the “could-be’s” was cited numerous times as a contributor to failure. It is important to get one thing out on the market and focus on one product or else you risk ending up with too many almost finished products that are not valuable to customers to you or your customers.

#13 – Discord of Investors & Co-Founders

Discord with a co-founder was one of the most fatal issues for a company. Bricabox co-founder advises, “When a co-founder walks out of a company — as was the case for me — you’ve already been dealt a heavy blow. Don’t exacerbate the issue by needing to figure out how to deal with large equity deadweight on your hands (investors won’t like that the #2 stakeholder is absent, even estranged, from your company). So, the best way of dealing with this issue is to take a long, long vesting period for all major sweat equity founders.”

#12 – Do Not Use Your Connections

We often hear about startup entrepreneurs lamenting their lack of connections so we were surprised to see that one of the top reasons for failure was entrepreneurs who said they did not not properly utilize their own network. Whether it was for advice or introductions, almost 16% of the startup post-mortems stated that the team did not use their connections well enough, which led to failure. So what does this teach us? If you have a network (and everyone does), be judicious in using it, but be sure to use it.

#11 – Pricing Issues

Pricing is one part science, ten parts art. A dark art according to a large number of startups which failed and who attributed product pricing that was too high or too low to make money. For example one entrepreneur said, “It took a lot of keychains bought at 50 cents and sold for $1.25 just to pay the phone bill.”

#10 – A “User Friendly” Product or Service

Not sure there is any revelation here, but bad things happen when you ignore a user’s wants and needs whether done consciously or accidentally.

#9 – Pivot Delay “Cut Losses and Restart”

One of the most overused startup words of 2010 was Pivot, but pivoting away from a bad product, a bad hire, a bad decision, etc., quickly enough, was often cited as a reason for failure. Dwelling or being married to a bad idea is not a good way to allocate resources. It’s not just ideas – if you make a bad hiring decision, take corrective action (euphemism for letting them go) sooner than later. As soon as you see that your product is not getting a response in the market, think about what product changes might be necessary. Letting inertia and stubbornness limit your growth and ability to change your business model was cited as cause for failure almost 1/5 of the time.

#8 – Lack of Passion and Expertise

There are many good ideas out there in the world, but our startup post-mortem founders found that a lack of passion for a domain and a lack of knowledge of a domain were key reasons for failure no matter how good an idea is. The co-founder of Untitled Partners stated, “I underestimated the importance of a relationship between our corporate and personal identities.” About 18.8% of the time, the post-mortems cited lack of passion as a cause of failure.

#7 – Wrong Timing!

If you release your product too early, users may write it off as not good enough, and getting them back may be difficult if their first impression of you was negative. If you release your product too late, you may have missed your window of opportunity. “This requires balance. If it is a critical-user based website where users need to depend on it like Ebay or Mint.com, an outage could mean catastrophe. But if it’s a website like Twitter, an outage is a joke. Know your website and don’t take forever to get it to the market. But, if it’s critical, then make sure it is sound.”

#6 – Got a Product but No Business Model!

Sure Twitter gets away with not having a business model, but they’re not the norm. Perhaps we’re old school, but if there is not a plan to bring in more revenue than expenses, that’s a problem. Failed founders seem to agree that a business model is important. Unfortunately, in 1 of 4 startup post-mortems, the lack of a business model was cited as a reason for failure.

#5 – Out of CA$H

Money and time are finite and need to be allocated judiciously. The question of how you should spend your money was a frequent conundrum and reason for failure cited by failed startups. The decision on whether to spend significantly upfront to get the product off the ground or develop gradually over time is a tough act to balance.

#4 – Poor Marketing

Knowing your target audience and knowing how to get their attention and convert them to leads and ultimately customers is one of the most important skills of a successful business. Yet, in almost 30% of failures, ineffective marketing was a primary cause of failure. Oftentimes, the inability to market was a function of founders who liked to code or build product, but who didn’t relish the idea of promoting the product.

#3 – Not the Right TEAM

A diverse team with different skill sets was often cited as being critical to the success of a startup company. Startup post-mortems often lamented that, “I wish we had a CTO from the start, or wished that the startup had a founder that loved the business aspect of things.” In some cases, the founding team wished they had more checks and balances. Team deficiencies were given as a reason for startup failure almost 1/3 of the time.

#2 – Building Solutions Looking for a Problem – Not Addressing the Market

Choosing to tackle problems that are interesting to solve rather than those that serve a market need was often cited as a reason for failure. Sure, you can build an app and see if it will stick, but knowing there is a market need upfront is a good thing. “If you want to solve a technical problem, get a group together and do it as open source.”

#1 – Being UN-FLEXIBLE

Ignoring your users is a tried and true way to fail. Yes, that sounds obvious, but this was the #1 reason given for failure amongst the startup failure post-mortems analyzed. Tunnel vision and not gathering user feedback are fatal flaws for most startups. “I’d recommend not going more than two or three months from the initial start to getting in the hands of prospects that are truly objective.”

@AndrewHazen

Turn 90 Marginal Domain Names into $56,000 Per Month

Posted on January 19th, 2012 by AndrewHazenCom  |  No Comments »

The interview below is from Domain Sherpa…In this show, I shares how I turned 90 admittedly marginal hand-registered .com domain names and one .info domain into $56,000 per month. (The interviewee has seen the Google Adsense report to verify this impressive figure.) You will be surprised to learn that in addition to search engine optimization, a clever television ad campaign drove the results.

Enjoy the show and let me know what you think….

@AndrewHazen

The Race Is On to Grab Doman Names

Posted on January 9th, 2012 by AndrewHazenCom  |  No Comments »

This week will bring the long-awaited opening up of a new realm of Domains Names and Web addresses in which just about any word—such as dot-furniture (.furniture), dot-hotel (.hotel) or dot-FloridaVacations (.FloridaVacations) —can serve as a domain name. And of course to entrepreneurs and domainers, that means OPPORTUNITY is knocking!

Beginning this Thursday, the organization that oversees the Internet (ICANN) will start accepting applications to manage new top-level domains (TLDs) —the names that appear at the end of website addresses, like dot-com and dot-net.  The application fee itself is $185,000 per name!

Masahable did a nice post on 9 Things You Need to Know About ICANN’s New Top Level Domains…

From what I’ve heard thus far, surprisingly (to me) only a few Fortune 500 companies are applying for its TLD (ex. .Cannon); most seem to think that any squatter who wrongfully infringes their trademarks and copywrights will quickly use a battle to gain control.  However entrepreneurs and domain investors are PUMPED and raring to go, and spend SIGNIFICANT money, when it comes to applying for new generic TLDs such as .Vacation, .Hotel or .News

I will certainly keep you posted as the applications come in and news develops…stay tuned!

@AndrewHazen

Speculating the Organic Market

Posted on January 5th, 2012 by AndrewHazenCom  |  No Comments »

With well over 100,000 EXACT searches a month, the organic industry seems to be doing quite well in terms of growth and acceptance from the general public.

According to the Organic Trade Association, the organic industry continues to grow worldwide.  Here are some statistics regarding this market:

  • U.S. sales of organic food and beverages have grown from $1 billion in 1990 to $26.7 billion in 2010. Sales in 2010 represented 7.7 percent growth over 2009 sales. Experiencing the highest growth in sales during 2010 were organic fruits and vegetables, up 11.8 percent over 2009 sales
    Source: Organic Trade Association’s 2011 Organic Industry Survey
  • Organic non-food sales grew 9.7 percent in 2010, to reach $1.97 billion.
    Source: Organic Trade Association’s 2011 Organic Industry Survey
  • Total U.S. organic sales, including food and non-food products, were $28.682 billion in 2010, up 9.7 percent from 2009.
    Source: Organic Trade Association’s 2011 Organic Industry Survey
  • Mass market retailers (mainstream supermarkets, club/warehouse stores, and mass merchandisers) in 2010 sold 54 percent of organic food. Natural retailers were next, selling 39 percent of total organic food sales. Other sales occur via export, the Internet, farmers’ markets/ Community Supported Agriculture, mail order, and boutique and specialty stores.
    Source: Organic Trade Association’s 2011 Organic Industry Survey.
  • According to Organic Monitor estimates, global organic sales reached $54.9 billion in 2009, up from, $50.9 billion in 2008. The countries with the largest markets are the United States, Germany, and France. The highest per capita consumption is in Denmark, Switzerland, and Austria.
    Source: The World of Organic Agriculture: Statistics & Emerging Trends 2011

 

Speculating on the Organic market, I recently purchased OrganicMarket.com, which I feel is a phenomenal and highly brandable name to own for this market and OrganicGroceries.net and OrganicRecipes.net, ….but it’s not too late, I also see that OrganicApplePie.com & OrganicApplePies.com, OrganicPumpkinPie.com & OrganicPumpkinPies.com and OrganicVendingCo.com are all about to drop very soon and you can grab them yourself if you’re interested by back ordering them….you can learn more about domain name investing at my new venture Domain Wealth

To your domaining success,
@AndrewHazen

Online Opportunities With Your Offline Network

Posted on March 14th, 2011 by AndrewHazenCom  |  No Comments »

We’re all aware that strategic networking can significantly increase our business while allowing us to meet and help others.  Companies such as LinkedIn base their business model around it… But it is shocking to realize that a majority of business networking exists offline, which leaves tremendous Internet and other electronic networking opportunities unexplored with your offline network.

Traditional networking involves people getting together to discuss objectives, such as potential new customers, and searching for ways to help others attract business. Those that excel at networking are continuously seeking out new methods to assist others, such as asking existing clients if they are interested in the products or services of others in their network.

In addition to in-person events, marketers need to consider how Internet marketing can play an integral role in a successful networking campaign. Take the following case, for example: Lauren Hutton, a very well-known model and actress, has her own makeup line available at www.LaurenHutton.com. In searching for ways that Lauren can effectively and efficiently promote her product line, here is how the strategic Internet networking component comes into play:  After first identifying Lauren’s target audience, which is females ranging in age from 35 to 75, the best strategic path would include the following key elements:

An introductory offer sent via email
Such an email enables Lauren to inexpensively test offers such as discounts, free shipping and the ever-popular “buy one item and get another at a special price.” But first, we/Lauren must determine who will receive the offers. Again, Internet networking comes into play. Given Lauren’s target audience and our offline network/contacts, New York-based LoveMyShoes.com is a great strategic partner because its’ customer base represents the perfect demographic for Lauren’s product offering(s).

The LoveMyShoes.com email list contains 250,000+ names and email addresses of women aged 35 to 65 who buy shoes on the web. The bonus is that these women are already experienced and accustomed to purchasing online, so they should be comfortable shopping and buying Lauren’s products at LaurenHutton.com.

Lauren may encourage LoveMyShoes.com to distribute her information/email blast for free by either cross-promoting the site’s products in her email blasts or on her site, or by offering to compensate the company on a cost-per-acquisition basis. For example, for every order that Lauren receives based on the email blast, she might compensate LoveMyShoes.com to the tune of $15. Once details of the partnership are ironed out, LoveMyShoes sends the offer to its database directly, making it CAN-SPAM compliant.

Many other online networking opportunities also exist for Lauren. One of the people in my offline network sells high-end homes with values exceeding $1 million. Thus, his email list is a perfect fit for Lauren as it contains affluent women in the 35 – 50 age range. The same goes for high-end gyms and spas; targeting women via email who are fitness-obsessed and who want to look great too.

A display ad or promotion on a strategic partner’s website
In addition to introductory emails, acquiring real estate on networking contacts’ websites also works extremely well by putting businesses in front of their ideal audiences.

Take Metro Candy, for example. Prior to the Halloween season, it networked with a large Halloween costume website. The two websites promoted each other via display ads and promos. The partnership offers a prime example of Internet networking at its finest — both a trick and a treat that gave customers looking for Halloween costumes access to a huge stash of candy at a deep discount!

Networking affiliates
Does establishing networking affiliates involve paying other parties to be included in their email blasts or on their websites? Not necessarily. Marketers can avoid the exchange of money in online networking relationships and instead pursue free cross-promotions among related brands.

Another acceptable alternative involves offering others in your networking group a flat fee for each order or lead you acquired, which is typically referred to as cost-per-acquisition (CPA) deal. In a cost-per-acquisition model, one party compensates the other if and only if a beneficial conversion occurs, which could be in the form of a sale, lead, download, signup or other action.

When networking, it pays to take the extra step of exploring the many existing online opportunities within your offline circle. Think of it as profitable social networking for your business!

@AndrewHazen

Sunday Domain Strategies…

Posted on March 6th, 2011 by AndrewHazenCom  |  No Comments »

Ready to start the week of right?? Domain names can lead to significant opportunities if you ‘see’ the vision and understand ‘monetization’….I see it all the time and the following domain names were available for registration as of the time this post….Please note that I do not own these domain names, they are available for YOU to register for less than $10 a year at All Internet Ideas, Moniker or GoDaddy

CheapWeddingCruise.com
CustomBikeShops.com
BoredNation.com
AntiSmokingAids.com
StrikeInfo.com
StudentExtras.com
NYCNewsGuide.com
NYCTVGuide.com
FamilyEmergencyKits.com
GetTaxBreaks.com
PreventingDiseases.com
CheapVegasHotelPackages.com
DoggyCribs.com
EMSStaffing.com (.net taken)
NYMeats.com
TeenBattles.com
ArtisanKit.com
BabyPumpkins.com
WirelessIPtv.com
AllPetForums.com
AllPutters.com
RSSCoupon.com
FreakyGadgets.com
ColorfulBowls.com
FastRumors.com
SlimDoctors.com
LegalBootlegs.com
WarCraftAddicts.com
FundKit.com

Please let me know if you register any of these domains and what you’re doing with them as I like to track the success of these expired domains. I hope you have signed up for free Domain Alerts from AllInternetIdeas.com. If not, please sign up now and feel free to forward this to your friends…

To your success!

6 Expired Domains

Posted on February 24th, 2011 by AndrewHazenCom  |  No Comments »

The following domain names have expired and are now available for hand registration (less than $10 a year)

SkiWebStore.com
USAdultStore.com
HowToCheerUp.com
NewToyGuide.com
BestMedStore.com
VeryCuteBaby.com

Please let me know if you register any of these domains and what you’re doing with them as I like to track the success of these expiring domains.

Stay up to date with all the good expiring domains for free by signing up here

@AndrewHazen