Could it spread – Conclusion

You may remember the ‘rentoid rapper’ had some fun auctioning his breakdance mat on ebay. Did it spread?

It spread enough to get a bone fide $187.50 for a piece of cardboard with a bit of texta on it. Just through providing a bit of theatre – fun & money was invented.

The best result was the Q & A’s on the listing which all translate into the personality of rentoid.com You can check it all out by clicking here.  

Start ups out there….Do something crazy!

Grow some vegetables

Every entrepreneur should grow some vegetables. Sounds like a weird directive, but there some great real world lessons, real world ideas and real world benefits from doing so.

Firstly, it takes effort. Not a lot, but a consistent effort which will ultimately equal the reward. In this case there if no doubt in the following equation:

effort = reward

The effort need not be excessive, just consistent. We can grow an entire garden, or even a pumpkin in a pot will give the same benefit.

We’ll learn that anyone who puts in the effort can grow vegetables. There’s a definite learning curve. The more we do it, the better we’ll get at it. You can read a ‘how to’ book on growing them (which will surely help) but even after reading the book you’ll still discover that you learn infinitely more by doing it.

The process is a daily one.

We need to water, fertilize and nurture them. We can’t treat two vegetables the same, but we must apply the same principals.

Some will get more light, so more water. We need to manage their needs differently depending on their position in the market.

The market is a competitive one. We’ll need to fight off bugs, birds and insects, who want to feed on our efforts. This proves you’ve got a fertile market… one worth doing, one with yield.

 If you let these competitors run rampant, they’ll take it all. But we need to understand that competition is healthy. It’s no good killing our yield with pesticide (which is a bit like price discounting)… it can ruin everything for everyone and leave no yield at all. It’s better to outsmart the bugs, maybe with netting or organic means. They’ll still get some, but we’ll get the lions share.  

 broccoli.jpg 

We’ll realize that nature is very generous, so long as we nurture our crop. We will reap ‘real world’ benefits, many of which go beyond yield and enter our psyche.

We’ll realize we need to save some seeds for our plantation next season. We’ll learn that all vegetables are seasonal. We’ll learn that not all climates (markets) suit all vegetables. We’ll realize we get better results when we focus on a veggie we have expert knowledge with. The rewards will taste better than ‘bought’ vegetables, which is more like working for a wage.

Eventually we’ll realize that growing vegetables is exactly like starting a business and managing a business. It’s a very complex yet rewarding process.

What are brands?

According to startup blog: They are any form of visual or language communicate which provide meaning to humans and provide elementary recognition or decision shortcuts. This may only exist as a word, an event or even a memory in the human mind.

 

Brands have existed as long as homo sapiens have and possibly longer. From an aboriginal waterhole to mountain peaks of significances to any clan anywhere in the world. Even animal names are brands…..although the product was manufactured by mother earth!

 

Startup lesson: Don’t get hung up on words and visuals. Focus on creating  and communicating meaning.

Tech bubble v2.0

I recently blogged about the unrealistic valuation of Facebook, seems there’s many who agree with startupblog. Sure web 2.0 is heating up, but as usual they’ll be stayers and those who disappear. The only thing that changes…. This is a really clever and fun parady.

[youtube=http://www.youtube.com/watch?v=KtdV3z9eCm8]

If we want to be here in the long run here’s some simple advice:

Offer a service people need, ensure it has a built in way to make you money, not an exit plan which sells eyeballs – these only work for a few ‘wordbeaters’ (like facebook & youtube).

Facebook Apps vs Advertising

There’s no shortage of both of these now, although we’d like to know why anyone would invest money in advertising on facebook, when one can more cheaply create an application?

 

There’s no shortage of useless apps out there…. No I don’t want to be a vampire, but I do want to:

If I’m interested and the app is good, it will find me. If there is an advertisement in a side bar, I’m generally going to ignore it. I’m not on facebook to look at advertisements, no matter how targeted.

At Rentoid.com today we launched “Where did my money go?” An app which  

          helps calculate the value of idle assets

          gives cools icon gifts to share

          shows people how to unlock their idle asset value

          enables users compare the value of their stuff

  facebook-where-did-my-money-go.png

All while being part of the reason people are on facebook. We did this with just a little bit of coding. Check it out here.

 

Good app’s which are fun, useful and have a reason to link back to your business are an absolute boon. We can always improve an app over time by paying attention to user feedback. We’ve been gifted to have a free open platform with 52 million members. Instead of advertising on facebook and being an ancillary, build an app and be part of the ball game!

 

Market leaders & innovation

Guitar maker Gibson has just proven that market leaders ‘can be first to market’ with something so innovative it’s awesome – The self-tuning Les Paul Robot Guitar. Check it out below. 

[youtube=http://www.youtube.com/watch?v=8UnvIgRAxN8] 

So the next time you’re told it can’t be done in your start up or conglomerate, show them this. Oh, I nearly forgot to mention advertising isn’t required with an innovation like this, their community of passionate users will do that for them. 

Kudos to Gibson.