Topic: Need some business advice.
So, I've been working on this idea for a business. I know, I know, this isn't a business forum, but stay with me.
Last week my sister emailed me asking for suggestions for an iPad cover. My nephew is 18 months and isn't very careful with such things. I did some research, and a few hours later sent her my suggestions.
As I hope I've demonstrated in the form of show notes and such, I'm good at research. Whenever I need to get something, I always do research, and shop around. I also spend an inordinate amount of time looking at stuff online I know I don't need, and can't afford. As such I'm pretty good at, and rather enjoy, researching consumer products. I know what questions to ask to narrow down a selection to a few items based on what I'm told they need. I have experience in a pretty good array of areas, and those areas I don't have experience I know how to research.
The basic pitch goes something like this: have you ever needed to shop for something you've never bought before, but don't know much about, and can't devote a lot of time to doing the research yourself? Maybe you've already done some research, but you'd like a second opinion. If your lucky, you or someone you know, "knows a guy" who can help. Now, imagine a service where you can send an email to someone outlining what you need, and they do the research and get back to you with a list of recommendations. Bonus: if you live locally, I'll even go to the store with you.
I'm not looking to get rich on this, just avoid a day job. I'll count myself lucky if I can actually live off what it brings in. Fortunately my expenses at the moment are very reasonable, so if I could get it going full time, I'd be sitting pretty.
My questions to the forum are thus then:
Is this something you yourself would use or recommend to others? (Yes, I'm sure a "Friends and Family" rate can be arranged.)
What would you be willing to pay? I know that's kind of hard to say. I'm thinking an hourly rate makes the most sense, since the charge will depend on how much research I have to do. Offhand I think 2-3 hours per query (the iPad thing took me just under 3 hours with a trip to the crapper, so I'd have rounded that down to 2 if I were charging). This is effectively freelance, hourly work, which I don't have much experience with, and with such a niche service I'm not sure what is reasonable to expect folks to pay. At, say $10 / hour that iPad gig would have been a $20-30 job. Eventually I'd like to charge more, but I think I'd have to start there to generate interest, and at full time that would more than cover my monthly expenses. Remember, this is all customized to the individual, based on what they've told me they are looking for.
Finally, I need to crowd source the creative aspects of this idea, starting with the name. The working title is Custom Consumer Research and Advice. While CCRA might work in terms of applying for an LLC, it feels kind of stuffy to me. I'm not a testing laboratory, and most of the products I'm going to be recommending are going to be based on researching what others have said. There's definitely an "I'm a professional, but not at this" aspect to this whole thing. Naturally if I have experience with a particular item I will put that forward, but I don't want to infer that I am in any way an expert at anything other than finding data, and pointing people toward it.
I'll also need a website, or more specifically, a domain name. I've got my personal site, which I'm doing fuckall with, so it shouldn't be a big deal to move the service to a new one. This part goes hand in hand with the name, since ideally they will be one and the same. shoppingbuddy.com? I dunno.
Finally, the catchall question: Whatdayathink? I've run this idea by a few people, and so far everyone seems to think it's at least worth trying, but I'm open to whatever input I can get. General business and startup advice would be most welcome as well.
I figure I can't loose much by trying; there's no overhead, just me, my laptop and an internet connection. I'll start with local ads, Craigslist and such, and see how it goes.
Thanks guys, looking forward to your feedback.