Week 4
Starting Small, Distribution, Revenue, Typical Sale & Price
CO.STARTERS Resources/Forms
Starting Small
Launch Early, Launch Simple and Test
In this Wall Street Journal article, Kathryn Minshew shares how starting small and getting customer feedback early and often led to success.
Perfection By Subtraction – the Minimum Feature Set
Steve Blank defends the importance of starting with the minimum number of features needed for customer feedback.
Sizing Up the Market
Demographics
To help business owners access government data on prospective customer demographics and the number of customers fitting your description out there, the Small Business Administration makes links to the different databases available with a short explanation of each.
Business Research Launch Pad
Jim Vileta’s Business Research Launch Pad brings together the major resources for business research in one place and organizes them for ease of access.
“Middlemen”
Amazon.com
With so many people buying through Amazon, you may want to consider using Amazon as your “middleman.”
Etsy.com
Are you selling something handmade or vintage? Etsy may be a great platform for you.
Pricing
Discussion of the Week: How to Set a Price for Your Product or Service
The Accelerators, a group of start-up mentors that contribute to the Wall Street Journal, provide thirteen article, each with a different perspective, on setting prices.