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6 Replies Last post: Nov 18, 2007 4:41 AM by NatOnline

Seeking advice about a new business concept

Sep 16, 2009 2:03 PM

jfrutkin 5 posts since
Sep 14, 2009

Hi Everyone,

I recently started a website: www.ideaarchitectsonline.com. The idea behind the site is you get paid for submitting novel business ideas. We pay $50 - $2,000 for a quality new business idea. Since I am new it is hard to get people to come to the site and submit ideas.

Question for the community: How do I develop a small fan base of people that are interested in submitting new, quality ideas on the site? I appreciate your support and await feedback. Thank you.

Best Regards,

Jeff

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Partnership 22 posts since
Aug 26, 2009

1. Re: Seeking advice about a new business concept Sep 17, 2009 8:49 AM

in response to: jfrutkin

Hi jfrutkin,

I've had the pleasure of reviewing your website and I'm impressed with its concept. I must come to understand one important aspect however. Do you expect true innovators, entreprenuers, visionaires to literally give away potential lucrative ideas for $50 - $2,000. Are you targeting indiviuals that would perhaps do this for a
hobby? Who would possibly take these ideas and season them for commercialization or does this even exist in your model? If so, there should be a more lucrative incentive to the innovator if concept is picked up by say party (A). I have an innovative business concept that is currently under development and as an entreprenuer would never expose a vision.

True entreprenuers don't giveaway innovation we live for it.

Just a sencere thought, hope this helps support your vision

Partnership

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boomerang 2 posts since
Sep 15, 2009

2. Re: Seeking advice about a new business concept Sep 17, 2009 8:55 AM

in response to: Partnership

I completely agree with Partnership and while the concept looks great, my first reaction immediately was a concern over exposing business visions that would some day be taken and commercialized with no real incentive plan in place.

Just some feedback that could help your idea grow! Best wishes!
Boomerang

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jfrutkin 5 posts since
Sep 14, 2009

3. Re: Seeking advice about a new business concept Sep 17, 2009 9:04 AM

in response to: Partnership

Partnership,

Thanks for the reply. As you mentioned, I am targeting individuals who would do this as a hobby and/or have multiple ideas. As an entrepreneur myself, I would not expect someone to give up their #1 idea, but perhaps they may have other ideas that they don't plan on implementing and are interested in earning a little extra money.

Forgot to mention that after I get the ideas, I will screen and polish them, and then offer them back to aspiring entrepreneurs who are looking for a new business to start. The goal is to bring together people who have ideas (and don't want to execute them) with people that want to start a business, but do not have an idea to start.

Best,

Jeff

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Partnership 22 posts since
Aug 26, 2009

4. Re: Seeking advice about a new business concept Sep 17, 2009 10:10 AM

in response to: jfrutkin

Ok Jeff,

This is good. Are you chargng a fee to aspiring entreprenuers for using the ideas for commercialization or is this free? You nee to cover your associated cost of screening and polishng them.

When you find a viable model submitted by an inventor and thus it moves forward, it should be promoted on your site as well as the other site mentioned. This

woud of course show that your concept works. "New business model picked up by entreprenuer and in early stages of development" or "X company captures new
business idea"

Windale
Partnership

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Partnership 22 posts since
Aug 26, 2009

5. Re: Seeking advice about a new business concept Sep 17, 2009 10:18 AM

in response to: jfrutkin

Jeff,

Who own's Smarterleap.com ? If this is you, good strategy.

Windale
Partnership

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Pandithia 1 posts since
Sep 8, 2009

6. Re: Seeking advice about a new business concept Sep 17, 2009 11:00 AM

in response to: jfrutkin

Great concept, nice looking site, I will enter. I have a few great ideas I dont mind sharing

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jfrutkin 5 posts since
Sep 14, 2009

7. Re: Seeking advice about a new business concept Sep 17, 2009 11:30 AM

in response to: Partnership

Partnership,

Thanks again for your thoughts. I do own the Smarterleap.com site, although it is still in the process of being developed.

Based on everyone's feedback, I am going to clarify / modify some of the text on the site. Thank you!!!

Best,
Jeff

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jfrutkin 5 posts since
Sep 14, 2009

8. Re: Seeking advice about a new business concept Sep 17, 2009 11:33 AM

in response to: Pandithia

Thanks Pandithia!!!

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mackorock 10 posts since
Sep 20, 2009

9. Re: Seeking advice about a new business concept Sep 23, 2009 11:09 AM

in response to: jfrutkin

I completely AGREE with what Partnership says.

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Partnership 22 posts since
Aug 26, 2009

10. Re: Seeking advice about a new business concept Sep 23, 2009 11:32 AM

in response to: mackorock

Thanks macorock,

Exactly what is your profession if you don't mind me asking.

Partnership

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mackorock 10 posts since
Sep 20, 2009

11. Re: Seeking advice about a new business concept Sep 23, 2009 1:14 PM

in response to: Partnership

I own a small software company and a call center in Hyderabad, India.

Please feel free to let me know if you have any project.

Regards,
Mack

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paultran888 1 posts since
Oct 6, 2009

12. Re: Seeking advice about a new business concept Oct 6, 2009 4:11 PM

in response to: jfrutkin

I like your concept. You may want to consider doing a contest whereby the community can choose which are the best ideas by voting and collaborating on them. My company provided an idea portal that Cisco used to do just that. They called it iPrize - www.cisco.com/iprize. If you want to have a short discussion around it, please send me a note. ptran@brightidea.com.

Paul

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Seeking advice about a new business concept

Sep 16, 2009 2:03 PM

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