1,825 karma · joined November 20, 2010
Edit: Another interesting tidbit. We were such a large paypal customer at the time that we were invited into their IPO. Bear Stearns (I think) called us 5 times trying to get us to buy in...but it was right after the .com crash and we chickened out. We would have doubled our money that day ;(
Well, the process of buying a vacation home was frustrating. This was back in 2002 and most real estate brokerages did not have websites, and if they did, they were static and outdated. This led to a conversation with my business partner...and we ended up buying a really good domain related to my vacation home search and launched a website for realtors. We called it our side project.
When the used laptop market turned into the used VCR market, we shifted all of our eggs to our side project basket.
Today we own a real estate brokerage with 20 offices and are pretty much considered the leaders in the lake home sales market in the Midwest. We're on track to hit a $Billion in annual sales in the next couple of years (did about $300M last year). Neither of us were Realtors (I'm still not). It's been an interesting ride so far.
The “sales process” is just a series of questions. The close is the natural ending to a great presentation.
This is going to sound condescending, but you honestly do not know much about the business you're in.
For those interested, most of the benefits (for me) happened after the 5th day. Thats when the hunger and caffeine withdrawal ended.
I don't know all of the science behind it, but I can honestly say that I never felt better/healthier in my life.
Of course there is a Target, Walmart, Home improvement center & large furniture store out on the highway that squeezed the life out of the family businesses a long time ago. It's really sad.
I'm part of that successful bootstrapped crowd (way more than $20k/mo profit). I'm not a billionaire but my lifestyle is pretty amazing. Bootstrapping is a legitimate way to grow a real business.
I didn't necessarily want to bootstrap, but no one (outside of my business partner, wife & kids) ever believed in me or supported my efforts in any way...and for good reason, I was a classic underachiever until I was 25 or so.
I personally believe that success has to be your life's mission if you are going to be successful. If you know that success, no matter what (as long as it's legal, moral and ethical), is your mission - you should be able to stay motivated through almost anything. It's worked for me.
Note: Success can mean different things to different people. For me it is making a lot of money while doing what I love to do. That and great kids.
And you're 100% correct about time on site. The only measure we're really interested in is converting unique users into happy clients.
[1] http://davegooden.com/2013/08/our-story-10-years-of-bootstra...
We will most likely add an advanced search down the road, but as someone who has made their living with real estate websites for a dozen years, I love this one the most (as is).
Small banks still do business the old fashioned way. Credit isn't an issue if your cash flow supports it.
The best (banking) move we ever made was switching from a huge bank to a small bank.
Either way, growth is a wonderful thing and I think you should grow as fast as you can.