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34 Comments

How should I start my own business?

I have 2 website ideas.

1 - Generic domain and cover overall tech industry and make a brand like TechCrunch, Mashable, Wired etc. [Pro: can be a big brand after couple of years, cons: difficult to get rank initially as no focus niche]

2 - Hit a particular niche of tech for instance, laptop and buy a domain with a name like buylaptop.co etc. [Pros: will be ranked on google because all the content will be on single niche, cons: it won't be a big brand in future]

Both are affiliate business model.

I have limited resources [time + funds]

Which I should go for?

  1. 5

    I was involved in the inception and running of a big editorial gaming website. We had a a lot of industry contacts and experts before starting. Running the site required a big editorial team with support staff. This is not something i would recommend as a one-woman project. The upside is (maybe) bigger, but the chance of failure also.

    I would niche down and be as specific as possible. That doesn't mean you can't grow big. We also had some small niche sites before we combined them into one big brand.

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      so I should go for a niche first and than hit the bigger picture?

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        Yes, I would go for that in your situation. Your limited resources and my experience make option #2 more viable.

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          Thanks for the help buddy. Lets see what other members have in mind

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    You can always leverage #2 to get to #1, but the other way around is difficult.

    You solved your own problem. You said you only have limited resources, so do you go for the mega project which will need more than what you have, or start out with a smaller project that you can handle?

  3. 1

    Emma, Personally I would opt for niche. If it takes off you can then have the funds and the community base to expand. It will be easier to connect and create content. You may get a surprise where the niche is enough and that will allow you to explore other ideas. You have no guarantee that the first will be a big brand and a niche may not be big but it can be profitable.

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      thanks Wally, it was helpful

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    I'd say #2. Stick a niche and focus

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      actually I have bought a generic domain and working on it. I need to buy a niche domain as well for option 2

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    Niche away option 2. But dont niche your domain name so that in the future if you expand out of your niche you are not stuck. Without domain name the content you generate should be able to get you high on google.

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      Oh Manish you got me right.

      Option 1 -- Domain :www.techsavvy . com (niche Laptop) later different niches will be intorduce.

      Option 2 -- buyalaptop . com (niche laptop) only 1 niche can be follow.

      I already bought option 1 domain and working on it. My friends guided me for go for a niche domain to rank on top

  6. 1

    Why do you want to commit to an affiliate business model?

    I would not dismiss digital information products right away. If you can invest some time to create a timeless portfolio, it should be a lot easier to market (and then automate) than getting an affiliate based business up and running.

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      Agree 100%. I actually have a theory that even traditional retailers will move in this direction. Instead of sales associates there will be knowledge vendors, story tellers and advisors. For example clothing would have stylists as sales will increase when you have someone viewed as industry or vertical expert!

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      I am currently working on an affiliate based business. I plan to have an MVP by the end of the week. I don't think I should have any trouble marketing my site since I am providing the users with value rather than just promoting products.

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        I agree with this

  7. 1

    I'd second others - easier to manage something smaller and niche and eventually casting a wider net. It's likely to be very difficult to cover multiple subjects and deliver QUALITY content to attract users. Low quality will make users - even if they find you - leave quickly and not to return.

    Another risk is that affiliate based model is perceived these days as not fully objective and biased. It's very difficult to recommend provider A who pays $10 for signup over rubbish provider B who pays $30. Content-based sites start with quality, then monetise when they are recognised.

    Good luck

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      I won't be recommending low quality products, my reviews will be genuine!

  8. 1

    Go niche. Be profitable. Add a complementary niche. etc.

    Is your target really the general tech industry or just an example?

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      Option 1 -- Domain :www.techsavvy . com (niche Laptop) later different niches will be intorduce.

      Option 2 -- buyalaptop . com (niche laptop) only 1 niche can be follow.

      I already bought option 1 domain and working on it. My friends guided me for go for a niche domain to rank on top

  9. 1

    Who is your customer and what do they want or need? What problem are you trying to solve for other people?

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      easy access to internet - no limitations.

  10. 1

    Hi Emma,

    Are you planning on doing all this alone?

  11. 1

    Do you know some potential customers for both ideas?
    If you first figure out if there are likely customers, then you might find it easier to choose the idea with the potential to sell best.
    For example, you want sell laptops, recent data shows that the number of people buying laptops keeps on reducing every year with the advent of smartphones. Of course I am not discouraging you from selling laptops. What I'm trying to say is: find out if the ideas will really sell and if yes , choose one of them or so. It will not look nice if you choose one of two ideas with none of ideas having the potential to sell in the first place

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      Laptop is just an example. I know my readers!

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        No you don't!
        If you did, you wouldn't be this confused

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    This comment was deleted 7 years ago

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      that was super cool buddy! thanks for this. I'm not technically sound but will try to get someone who can do this.

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        This comment was deleted 7 years ago

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      What even is cyber stalking? Can't you just unfriend them, make our profile private, etc?

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        This comment was deleted 7 years ago

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          Oh, wow, okay. Then cyber-stalking is kind of a misnomer. Sounds more like harassment than anything.

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            This comment was deleted 7 years ago

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              Yeah, I'd call that evil lol. At the same time, that perpetrator must've either had some pretty awful shit done to her or she's never suffered a day in her life and can't comprehend the implications for her to do something like that. Some people, eh? What a world we live in.

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                you don't know the consequences :( I left my hometown because of this

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                  i was talking about the story in buddy's post, but, yeah, you're right that i don't know the consequences. really didn't even understand what it was until he shared that wiki article. sorry to hear about your troubles :(

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    This comment was deleted a year ago