There's a lesson to be learned in all of this: don't think about ways to make money, but think about painful problems that you can solve for someone, and figure out whether a viable business can be created with that idea.
There's a lesson to be learned in all of this: don't think about ways to make money, but think about painful problems that you can solve for someone, and figure out whether a viable business can be created with that idea.
This reminds me of something Paul Graham called "sitcom startup ideas" in a recent post.
People should really be solving their own painful problems anyway (always better to be your own customer!) whose solutions can in some way be successfully and profitably exchanged for money.
Best startup ideas are about solving real problems. Some people care about problems getting solved, whether or not they are the ones doing the solving. Keep in mind that no one has enough time to try and solve all the problems at once. So if you see something wrong that needs to be fixed, and you don't have time to do it yourself (because you're busy fixing something else), why not just share it with people, so that someone else might work on it, thus helping to make our world a better place?
Maybe other people are better at implementing someone else's idea than me and I'm just viewing the world through Matt-colored glasses.
What if this is the writers of that new Silicon Valley comedy show soliciting ideas for their characters w/o having to pay writers!?
Sad thing is it's true.
I made a broad and sweeping generalization that they're not especially high quality ideas. I honestly don't believe the market is really there for a lot of them, nor that they can be turned into decent businesses even if there is a market due to monetization issues. (Yes, I know, actually charging people's credit cards isn't as appealing as a sexy exit strategy.)
In any event, shouldn't we draw lessons wherever we can, regardless of the situation? After all, I'd rather look at a list like this and have it reinforce the tenets of a good business model. It's easy to get caught up in the "what-can-I-do-to-make-money" trap, rather than create something that delivers massive value to people with credit cards and painful problems.
The secret behind a great idea is actually the hours of research that go with it. You need to research the market very thoroughly, your costs and such and then suddenly it's an idea that's viable. Of course then comes the execution. But a an idea is not just good because it sounds good.
I think this table is missing some important columns. Consider adding these: - market size (in $) - time and cost for acquiring a customer - margin per customer ($ range)
Sometimes the problem isn't identifying the pain point, but identifying the competitors that are already solving it.
The thoughts I posted to Facebook, and the tweets I tweeted were fairly low-value content. I deactivated my FB account and stopped tweeting from my personal twitter account; if I never saw those tweets or status updates again I don't think I'd be worse off.
The value of old voicemails goes way up when the people that made them are no longer around.
Everyone's different though. Perhaps there is a market for automated "life" backups but I'm not part of that market.
These actually seem pretty good to me. Obviously none of them contains enough information to tell if its a good idea because not enough of the idea is expressed in this format. But in the context of the format, it seems like a good list.
eg "Basecamp for travel planning" sounds plausible, but it doesn't tell you a huge amount about the service. If this was being taken on by people who know UI and have a interesting take on how travel planning could be simplified, I would not dismiss it.