We just gave Eric Vu Tran $50 to go play on Amazon! He’s got the goods but there’s plenty to learn for all of us. We’ll compare these numbers with our last giveaway and find out what products you wish existed (you dirty bastards). Here are the numbers this time around:
Boosted up since last time.
This is fantastic! Thank you for getting involved and supporting StartupBros! The above is a snapshot from Punchtab’s summary of contest outcome. Close to 300 of you participated. You invited your friends, found us on Google + and Facebook, and played around on Pinterest.
We asked you what product or service you wish existed but don’t. The answers fell into three categories:
We got answers from a new kind of car jack to BBQ condoms to teleportation. One of you even came up with a product that we are considering building – you might be getting it sooner than later! Let’s check out each type of response.
Can’t Think of Any/Don’t Know. What!? You get to think about any new toy and you can’t come up with anything!? I find that hard to believe… You could put anything you want. If you really couldn’t think of anything (and you weren’t just being lazy) then you got to exercise your brain! Consider going back and checking out the post I made on having better ideas. Consider getting a pen and paper right now and writing 10 dream-products that would solve a problem in your life. It doesn’t matter if they’re good or feasible. You just got to come up with something.
Things That Exist. A huge portion of the ideas could be yours for $9.99 from Amazon. This means two things (1) not a lot of people are into due diligence and (2) people aren’t marketing that product properly. There are huge opportunities in building on top of a good idea that just hasn’t gained traction. Check out how other people are capitalizing on the product and think about why it’s not taking and what you could do to make it better.
Twist on Current Product. You don’t need to reinvent the wheel… maybe you just need to tweak it. There are tons of opportunities to make small improvements to a product that’s been around forever and make a buck. I was amazed at some of the ideas you guys were coming up with. There are gender-specific websites that have opened up markets doing the same things for the opposite sexes. People Kickstart successful products everyday that are nothing more than common objects redesigned. I’ve seen water bottles, playing cards, and game consoles all raise thousands of dollars. We don’t need something completely new, just something new.
Sci-Fi. More than one of you mentioned teleportation. We might not be doing that (or time-travel) any time soon, but damnit we’re getting close! I’ve been doing research for a post on trends that we’ll have up later this week and holy shit! We won’t be able to recognize most computers in a few years – they’re becoming a part of us. The world around you will know what your preferences are. When you walk around WalMart, the TVs will see you coming and know just what ad to play for you. One guy mentioned ads even being served up in your shower in order to subsidize the cost of homes. Bill Gates says that large interactive surfaces are going to become common in the coming years. Don’t discount your crazy sci-fi ideas – they may be closer than you think.
You guys had some genius ideas! I’m honored to be a part of a community of such badass entrepreneurs. I really want to see your projects come to fruition! If you need an extra boost of confidence to move forward with your ideas check out Will’s most recent post on what you need for the perfect business idea and his legendary post on validating your business idea for (almost) free.
May the force be with you, always…
We haven’t decided on what we’re going to give out for the next round so I have a couple of quick favors to ask you:
If you have any ideas of great books you’ve read or other entrepreneury gifts, put them in the comments below!
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