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Promising Markets for a Startup Company
Konstantinos asks: "So far, I have worked as an IT manager in various projects, but I am fed up with someone else getting all the money out of my work. So, I want to do something on my own. Obviously, I don't want to take on the big guys as I will not have the resources or the time to be antagonistic, and I have to go after something totally different. I have made a small market research, but I don't want to risk my hard-earned money on something that is destined to flop. I had some ideas about niche markets that IT hasn't really touched, like agriculture. In your opinion, which are the most promising markets, for a one/two person startup company to try and tackle? I know that there is a risk in everything, and I understand that the IT business is under a global crisis, but I also know that there are some markets (esp. niche markets) that haven't had a significant hit in revenue due to the crisis. I would like to try and hit those markets. I am not afraid of work and I know that I can do the job and do it well, if only I find what it is! Thanks for any help."
you're not ready to start your own business. there is a reason why entrepreneurs make more than the grunts. they come up with ideas that can make money _on their own_! and they have the planning skills to execute it.
besides, if any slashdotter had such an idea, why would they give it away on a public forum?
I'm an unemployed tech worker whos benefits are about to run out. I can find a job any where on this continent, so I've got to do something soon, or I'll be out on the street. I'm pretty smart and have some experience, and I want to make a million dollars working for myself. How do I do that?
of a manager who is upset that other people are reaping the benefits of his work staggers the mind.
Read the local newspaper where state and local RFPs get published. Submit a low bid, win a contract and subcontract other techies at 50% of your billing rate if you need more people.
Don't worry about coming up with an original idea. Every niche has had somebody hocking computers and/or software at them before. Other areas like agriculture, don't need your services or don't have the money to pay you.
Also avoid evangelism. If the customer wants to build a data warehouse in access, warn them against it, then do it and bill it. Then bill them again to do it right. If they hate linux, don't use it -- the customer is always right.
Conformity is the jailer of freedom and enemy of growth. -JFK
- Must have a memory card as primary source. Networking optional. Given the potential audience for the thing, it's must more likely that they will have access to a digital camera (such as an uncle who comes by on christmas to take pictures) than a network source (who wants a picture frame that ties up the phone line?)
- Simple battery source w/AC backup. Normally the thing should plug into the wall, like when it is standing up on the mantle. But you should be able eto take it down and sit it in your lap when people come over and you want to walk through it like an album.
- No syncing or USB. Why? Make it a straight player. Put the card in, play the pictures. Done. Change the card, change the pictures.
- The whole thing can be operated with three buttons, BACK, PAUSE/PLAY, and NEXT. Normally it runs in random slide show mode, unless you hit PAUSE to freeze the picture you like. You can then hit BACK/NEXT to move around like pages of an album. Press PAUSE/PLAY again to return to slide show mode.
- That's IT for options. Sure, you could add stuff like deleting pictures from the card, or adding captions, or doing random swipe transitions between pictures. But if it pushes the price point too high, no one will care. You could do all those things with a computer and THEN give the flash card to gramma to put on the mantle.
Get the price point down under $150 and you'd sell a million of em. Grammie won't necessarily buy one but Uncle Bill with the digital camera will get her one for Christmas, and he'll also get his wife one so that she can see the pictures in the living room instead of on the computer, and they'll send one to their boy Tommy off at college (who will load his up with porn and take it to classes when he is bored)...If you actually do it, send me a couple of free ones for Grammie and Uncle Bill.
www.HearMySoulSpeak.com
I think it's important to be diverse. Try both brick and mortar.
Best Windows Freeware
But then I'd have to compete with you.
I forget what 8 was for.
How, after all the well-researched, well-linked stories and 'askdots' I've had rejected, this absolute piece of garbage gets through.
Exactly how slow of a newsday does it have to be, when an "IT manager" with unspecified skills, if any, comes wagging the slashdot dog looking for business ideas?
I second this, but with minor modifications.
I used to run a company that specialized in a specific product. My starting that company made me an entrepreneur, whether or not the idea was good (the idea was good, my business abilities less so).
Now I run another company that is essentially re-selling the skills I and my associates built up on the first company. It's very services-driven. While technically that still falls under entrepreneurial activities, it doesn't evoke the same sense of "go out there and do something great!" so much as "bwahaha I know how to make boxes on webpages, I do I do I do!". Not that there's anything wrong with boxes on webpages. It's a very nice change of pace to be able to just do something. But the word "entrepreneur" somehow implies more than that.
However, point being (and I am living proof of this): entrepreneurs are smart people who have the desire to do well for themselves; hugely bloody rich entrepreneurs are smart people who have crafty ideas and want to do well for themselves.
People who don't get good accountants are neither, no matter how their ambitions start off.
The world's only surviving livewriter.
First of all, I'm sickened by the responses.
/. readers?
... and I settled in the digital musical instrument industry, for which I'm quite qualified to work in, as well as extremely interested. I'm lucky to work in this business now - having founded my fair share of big Internet companies in the 90's, I'm glad to be out of that field and working in one I like ... a lot.
As a lifetime entrepreneur myself, I think this is actually an interesting article on slashdot - what *are* the new technology markets, in the opinion of
And don't say 'Portman dolls' or "land grabs in the Soviet Union"!
I personally asked this question myself (of myself) a few years ago and decided that one way to approach it is to look at any computer technology market in which Microsoft has not established a foothold
Microsoft don't have a synthesizer on the market (shudder), yet this industry (in which I work) is still very fresh and new, and expanding yearly.
Traditionally, musical-instrument manufacturing and design has been pretty resilient to the types of techniques that MS uses to dominate - well, what about doing something cool in this market?
Why this "MS"-slant to my evaluation? Well, since I practically grew up in the industry (wrote my first code at 8 years old back in '78), I've watched the MS juggernaut make its way, and I get a feeling that any tech industry in which MS *doesnt* have a presence, or intention, is a growth market. Thus, its ripe for entrepreneurs... by the time MS gets to it, it's usually fairly well established.
There's a lot of room for improvement in this industry right now.
You might also want to have a look at other markets along similar lines. I know, for example, that there's a fairly good potential for automated agriculture systems right now - agricultural markets are looking to get very high tech in the growth processes - maybe there's a way you can apply computer skills to these markets?
Embedded Linux systems monitoring and maintaining massive hydroponic farms efficiently and productively? Why not? If the product is good, it could sell very well - especially in foreign markets. (Don't mention the Netherlands, heh heh...)
In summary, what I would do is look at markets that are *not* being reviewed by the ever-hungry eyes and mouths of big corporations, yet which still traditionally generate income and revenue, and see if there is something in there you can apply your entrepreneurial skills.
Good luck, and remember: successful entrepreneurs are usually the ones who work hard in a field in which they are intensely personally interested.
Keep that in mind!
; -- the corruption of government starts with its secrets. a truly free people keep no secrets. --
I have made a small market research, but I don't want to risk my hard-earned money on something that is destined to flop.
/. to give him a full business plan or answer all his questions. A person starting a business needs to listen to everyone's ideas and keep the ones s/he thinks are useful. Posting this to Ask Slashdot was a wise thing to do.
Quite simple. If you know it's destined to flop, don't do it. Otherwise, and I know this sounds corny, but there's a speech Kirk gives in the episode "Return to Tomorrow" that I used in a high school project. I call it his "Risk, inc." speech. Rent or buy the video and watch it -- it's when they're debating doing a mind/body transfer. He is 100% right. Risk is our business. If you don't want to take a risk, then don't do it. Keep working for someone who has taken the risk.
I'm not trying to troll or be negative, but one of the reasons many of these people make so much is because they're willing to risk their money and go for broke.
If you are willing to take a risk (and I think you probably are -- just felt the first point should be addressed first), I can tell you part of what I've done, in the hope that it will help you.
I kept my eyes open for small things, looking for as many information sources as I could find, and looking for as many people that needed data as possible. Then I found people that could use data they did not know could be retreived by computer. I got the owner of a small business to back me by contracting to deliver a self-sufficient system to him if he underwrote the development cost. He paid a flat fee and loves the system he's getting. Now he's helping me find other people out of the area who can use the same service. Instead of opening an office and hiring a receptionist to answer the phones when I'm in the field, my backer was so excited about the project, he's handling my sales and stuff for a commission (which means I can keep working out of my house for years and don't need employees or an office). He makes more money, and I pay him less than I'd pay for the rent and employees.
In this particular case, the whole thing started from an offhand remark I made to this business owner's son, a long time friend. I forgot what I said, but it triggered an association in my friend's mind and suddenly he asked if I could access that information and provide it to them in reports and spreadsheets they could use. I said I could, and the deal was made.
There are also a lot of other benefits to this setup. I don't have to do any advertising. I'm dealing with data that only people in certain fields want, so I can't really advertise too widely. This also means my company keeps a VERY low profile, so many potential competitors never even hear about what I'm doing.
I know this is my case, but there are a few points I think can be generalized. 1) Look over all the possible services or products you can supply. 2) Look over ALL combinations and permutations (in my case, I found a way of combining several factors nobody had combined before). 3) Look over all potential clients, and look over all combinations and permutations of clients, products, and services. 4) Try to find a service that will help potential clients make a lot of money, but which they didn't know existed. 5) Don't give away secrets, but tell EVERYONE about your skills and background. These are your assests, and you need to advertise them. Just like my comment to my friend sparked something that became a huge salary for me, you don't know when someone will need a service you can supply. 6) Once you're going, try to keep a low profile and see if you can focus any advertising tightly on people who can use your services. Advertising can be seen by everybody, including programmers or other IT people who can work faster than you or have more resources than you.
Good luck!
Oh, and I do have to add I was disappointed with the majority of replies so far. Many were mocking the poster, as if he expected