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It is strangely comforting to know there are others out there in the same boat. >> It sounds like your product is some sort of a marketplace where one side (se
by chanced 14y ago
It is strangely comforting to know there are others out there in the same boat.
>> It sounds like your product is some sort of a marketplace where one side (sellers/businesses) will pay and the other side will come in free.
Spot on.
>> showing an angel that sellers will pay to sell/promote their product on your platform is not going to generate much excitement.
I was thinking along the same lines. The only thing that it may do is prove to them an initiative. On the flipside, it'll slow down adoption significantly.
>> Your challenge will be to build up the user base quickly.
Agreed. This is what is really motivating my interest in finding an investor now. In order for me to build up both customer bases, I'm going to need to give away the service to the restaurants and bars (paying customers) for a duration of time (I'm thinking 3 - 6 months). Once I get enough of them enrolled, I'll use gorilla marketing, social networks, and simple word of mouth to spread it amongst the buyers.
The problem I have is that pushes me out 3 or 6 months before I see any sort of revenue. On top of that, the cost of getting both user groups goes up as I attempt to expand to other nearby cities.
Thanks for all of the points man. I sent you an invite on gchat. Hit me up if you're ever in the mood to compare notes or need a wall to bounce ideas off of.