A New Smarter Breed of Business
Put yourself in this scenario
You’re standing at the top of a mountain, with a brand new snowboard attached to your feet. The air is crisp and your nose a little numb, but you don’t mind, because you’re on top of the world.
Before you tilt your board downwards and get your dose of adrenaline for the day you stop to think about what’s happening with your business on the other side of the world.
Currently, your business is doing not much. Because you’ve done all the hard legwork already. You built a framework for your business which means that operations of the business is literally one day per month. Even that one day you don’t do anything anymore except log onto online banking to see how much money you’ve made.
Is this reality possible? I’ve been led to believe that it is. For the past 2 years I’ve let the world know my mind is open to receive all incoming messages that go along the lines of: “You can live the lifestyle you most desire”.
Once your mind is open to this media you’ll find no shortage of what is essentially crap. No offense to those who are into the snake oil offerings out there but I’m a big believer in creating true, sustainable businesses which provide real value to people. My research has returned the suggestion as well that businesses truly can follow a minimalist approach. Why should that excite you? Because it means you don’t really have to have your bum glued to a chair from 8.30 – 5 every single day.
If you are one who finds solace and happiness in that kind rigid life, this blog is not for you and I invite you to press backspace before I offend you further.
Now, this imagined scenario that I have laid out to you. Is it something that I have attained? LOL PFFT NO. However, it is something that I am 35% of the way there.
It’s not too smart to let out the exact niche that I have selected and all the details but I do want to share the clues which will let you come to your own conclusions.
First, check out www.dollarshaveclub.com and watch their amazing 1:30 YouTube video. Then explore their website and business model. Ask yourselves these questions; what is their business model? How tech heavy is their business? What are the advantages and disadvantages of their business model? Take a guess at their expenses, start up time, operations, etc.
Why? Because these guys released their brand just 3 months ago, and are now doing $200,000 in revenue per month. I can tell you that in their first week they got 21,000 paying subscribers http://www.forbes.com/sites/lorikozlowski/2012/04/25/science-dollar-shave-club-and-life/.
Now I’m hoping some light bulbs are coming on in your head. Let’s make those bulbs brighter. Read this article, get inspired, wise up to the model http://www.nytimes.com/2012/03/08/business/smallbusiness/selling-online-products-by-subscription-is-all-the-rage.html
Realize from that article that your service must fulfill a need and not a want, a crucial factor in determining the success and sustainability of your venture. Proof: http://thenextweb.com/entrepreneur/2011/10/07/subscription-service-startups-are-the-hot-new-thing/ looking into the websites in this article will reveal that 35% of them have gone under, see if you can identify why.
This is the business model that no one talks about or preaches. It’s a business model that has powered industries (think magazines, cable tv, telcos) for decades. It can be applied to so many more verticals and definitely be built in a way that frees up your time for living life your way. If that way is putting 40 hours per week into your business, then respect to you. If it’s not, come join me on this journey and build your own business that uses this blueprint.