Business Update
Hello everyone. Its been nearly a week and I have spent the time multitasking between uni study and coming up with a new service/product since being a broker on cryptocurrency will get me no business insurance. The new product I was going to create and sell was an online course situated on a website. The online course was going to teach steemit, dtube and telegram and why these 3 websites were superior to the current centralised social media websites: Facebook, twitter and Youtube. The target market I was going to aim for were high school students who have not completed the HSC yet because it is almost a certainty that all of them use smartphones for social media. The price that I was going to set for the social media course was $20 aud and the advertising technique was going to be FB ads and school presentations.
The problems with my product were
unrefined FB advertising (not specific enough)
poor ROI. ( Even though I have not attempted to speak at schools, the interest levels will vary as it is very difficult to persuade others to use another social media when the current social media websites work just fine)
pricing (The are definitely clients that will pay more money for this kind of information )
sustainability( there is no system to keep getting customers)
In conclusion, I have decided to try out the consulting program and refine my business model. The problem right now is that I need cashflow. Once I have that, I can further invest more into cryptocurrency and then build my business. Thanks for reading.
Wish you well on your journey. Can't help you with cash flow but I could only give a vote.
Its fine. We are all preparing for the future and us steemians know that the blockchain and the internet will decentralise business. Its only a matter of time when 9-5 jobs become the minority because it will be much easier to start and run small businesses. No longer do we need to depend on massive companies to earn a living from corporate jobs. We can all become independent and use cryptocurrencies to fund ourselves and our own business.