Comments on: How An Online Padlock Business Created A 30 Foot Yacht

By: Jonny

Jonny — Fri, 06 Aug 2010 07:41:35 +0000

Hell Zen Master Lach,

I am currently trying to bribe, threaten and beg Tim to do another follow up so we will just have to see. Thanks for the comment.

- Jonny

By: Lach

Lach — Thu, 05 Aug 2010 14:47:40 +0000

It’s always great to hear success stories like this. Thanks for sharing. I’d be interested in hearing more about the process Tim used to settle on this market, seeing has he started out with no knowledge of it. Was it through a general research process, or by a personal connection of some kind?

By: Jonny

Jonny — Mon, 03 May 2010 19:03:19 +0000

Hi Dan, thanks for the comment.

I spoke to Tim but I think he is going to keep some of the secrets to his business model which is fair enough. In terms of setting up your own business and having set up two so far, I would say that in my experience there really isn’t no “right way”. That being said I would always recommend reading everything you can get your hands on within the field your are aiming at as well as more general information on business, cash flow, finance, sales and marketing etc. There are usually loads of council courses that can help but I have never found them very helpful. Other than that a great place to start for outsourcing work very cost effectively is to go to elance.com.

Hope that helps man and thanks for visiting the site.

By: Dan - Voyagner

Dan - Voyagner — Wed, 28 Apr 2010 00:48:17 +0000

I’d be really interested in how he did market testing for this as well. I’d love to have a go at setting up a business like this but I don’t know the first thing. Any resources you can point me to?

By: Jonny

Jonny — Thu, 08 Apr 2010 08:25:56 +0000

Hi Lewis,

I hope it is going well mate and I wish you all the best with it and I am glad you found some inspiration on this site.

Completely agree with you idea of email notifications, I am in the process of revamping the whole comments and follow up section of the site to make it easier for community interaction.

Thanks for the advice and thanks for the comment.

By: Jonny

Jonny — Thu, 08 Apr 2010 08:18:04 +0000

I have let him know about it, lets see. I hope he will.

By: Lewis

Lewis — Wed, 07 Apr 2010 22:38:55 +0000

Thanks, my site has been up since January this year after about a year of building & testing. I am currently working on automating it so I can run the site while traveling (your “3 months in the life of a traveling entrepreneur” post has really inspired this recently)

I’ll keep checking back in case anyone can help. Cheeky suggestion, an email notification for new comments would be awesome on here btw

By: Richard Riley

Richard Riley — Wed, 07 Apr 2010 13:54:06 +0000

Hey, no problem. Anything I can do to help. I was really excited when I found out about Amplifier so just thought I would pay it forward. I really hope he agrees to do a follow up post. I think learning the nitty gritty stuff of a business helps others think about their own business in a different and new way.

By: Jonny

Jonny — Tue, 06 Apr 2010 16:05:31 +0000

Hi Richard,

I was see if he would write another post explaining some of the steps he went through to make his business work. I personally was initially in the group that secretly thought “that will never work” when he first explained the idea he was working on but I am most definitely taking a uturn on my thinking there. Stay tuned for a potential follow up post.

Thanks for commenting.

By: Jonny

Jonny — Tue, 06 Apr 2010 16:02:34 +0000

Great stuff Richard,

Readers helping other readers, this is what I like to see. Also meant I learned something new today as I had no idea amplifier type companies existed. I will be checking them out so my thanks also.

Thanks for commenting.