Before I tell you about this, I really need to setup the background. My friend and I have this other mutual friend. He is always ragging us about how we have never been successful with any of our web sites. Now that’s not exactly true. We have been successful, but we have had a lot of failures. And for some reason he likes to rub it in our face.
So, my friend and I were talking on the phone today. I suggested that we setup a web site called “At least I tried”.com Now there is domain with that name already, but I didn’t know that at the time.
Anyway, my idea was to setup this site and let people post their ideas about how to make the next big site. You know the next YouTube or MySpace or Facebook, etc. We would then let our friend be the “Grand Master” who would give his nay or say on it. And then email the people back or just do a post on the idea. To let people know what he thinks of it. Then they could also sign up for a newsletter so they would be continually ragged about it over the next ten years. You know - just for good measure.
Stupid right? Well, I did think about that and it would be kind of cool if you had a place where you could post your ideas and let others vote on them and give you a thumbs up or down. But then you have the problem of people stealing other people’s ideas. So, I’m not sure if that would work or not.
But it would be a good sounding board to hear what kind of ideas are out there and what people are thinking about. I don’t think I would list any of mine. Just wouldn’t want to take the chance of giving up something that might be worth something.
But in the spirit of talking about it openly, here are some of my failures:
My Failures
Great Film Ideas - This was supposed to be a portal to compete with Movieweb.com and eventually take over hollywood.com. Now at the time that I thought about it I wasn’t that far off, because it was 1996 or 1997 and both of those websites looked terrible, so mine wasn’t looking that bad either compared to theirs. But I was more interested in creating different sections of the site than I was in adding content.
Biggest problem: I never had a plan to add quality content to my web site.
Rocket IPO - This was my great idea at the time when the DOT com era was going strong. Every other day you’d hear people talking about the next big IPO and these idiots on Wall Street talking about the new economy. My plan was to offer stock picks to investors that wanted to grab hold of all this new money being created. I mean it was almost every other week a stock was being sold for $15 a share and by the weekend it would be going for $90 a share. I eventually wanted to become a broker and in a sense become an underwriter for all these companies. The problem was that I wasn’t an investment banker, didn’t have the know how to pull that off or even understand it all, let a lone all the legal ramifications.
Biggest problem: I didn’t know enough about investment banking and or know where to get these stock picks. Too big of a project for my first one. It might have been different if I had already made several million from a previous company that I had sold.
TopPilots - I don’t know what causes people to think certain things. But for some reason I was convinced that there was a big enough market out there for pilots. A market that was so large I could easily grab two to three million pilots across the planet and force them to come to my website. The concept was simple enough. I would create an information web site for everything that pilots wanted. I would also create a shopping section where they could by anything that a pilot could ever want. But my dad wisely talked me out of it. I finally realized that the amount of time and effort that I would put into it may not ever pan out, because of the small market. I mean to really make it big on this site I would really need every pilot on the planet visiting this site.
Biggest problem: I didn’t think it through to make sure my market was big enough to warrant the time and effort that was required to build such a site.
The Solution
There are more ideas that I have had, but I can’t think of any more right now. It’s funny how I and maybe even you go to great lengths to come up with a wonderfully great idea. (Over thinking) Then you hear about some kid at Harvard building a web site where kids can be friends and posts different comments on each others pages. He called it Facebook. I mean that’s retarded, or so I thought. Who would waste that kind of time online. Well 100 million people would that have different interests than me. Oops missed that one.
So the next time you have a great idea for a web site try not to over think it. Dumb it down as much as possible. Hey, maybe you should even watch Dumb and Dumber to put you in a stupid mood. Then maybe you might be able to think about ideas that the average person would like and go crazy over. You never know.
I have a couple ideas that I am working on. I’ll let you know how they turn out.