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'Put together a business plan to raise the $1million needed to take it from an idea in your head to an actual business'. How would you possibly spend $1M simply
by jawartak 16y ago
'Put together a business plan to raise the $1million needed to take it from an idea in your head to an actual business'. How would you possibly spend $1M simply getting a Groupon clone started?
- nedwin 16y agoWebsite design and development, sales staff to get the deals to populate the site, customer support staff to keep customers on side, system administrators, a marketing person or team, advertising, PR, office space... the list goes on. Sure it doesn't cost $1m to get a Groupon clone built in php on elance.com but if you plan to succeed in an increasingly crowded space you're going to need money.
- patio11 16y agoFacebook and AdWords Content Network ads to get email submissions. (If you want 10k strong opt-in email lists in each of 10 cities for your early adopter set, that cost cost you $100k by itself. More as GroupOn and competitors grab the low hanging fruit of signups and cheap ad inventory.)