Comments on: Evaluating Criteria for your Web 2.0 Business Idea

By: Freddy

Freddy — Fri, 05 Sep 2008 13:34:03 +0000

1. Honesty and building a trust with your client and considering your client your partner in business.
2. Constant access – Client should always know they can contact you regarding any issue.
3. Updates and Updates – keep product fresh whether its fruit or web content.
4. Listen to what your client is saying so you can understand what he needs; then if you can provide it, provide it quick. If you cannot; then tell them you cannot and then tell them what you can do.

By: Gianluca

Gianluca — Wed, 03 Sep 2008 17:24:37 +0000

1. Does your product need a “critical mass”?
2. Who will pay the bandwidth/housing/hosting bills? In other words, have your idea a rock solid business model?

N.B. I have a rock solid business model != I hope to be bought by a giant.

Cheers from italy,
G.

By: Eric Marcoullier

Eric Marcoullier — Mon, 11 Aug 2008 20:14:09 +0000

Seconding IdeaTagger’s statement. Does it solve a problem? If not, please go back to square one and start over.

By: Matt Wilson

Matt Wilson — Sat, 09 Aug 2008 19:28:57 +0000

You need a competitive advantage; in other words, something that gives you a chance to survive when all the me-too, knock-off products show up.

Every conversation I have had with potential investors has always revolved on this point. How will you prevent others from stealing your idea once you prove that it can make money?

By: IdeaTagger

IdeaTagger — Fri, 08 Aug 2008 22:57:12 +0000

1. Does your product or service solve a problem worth solving, better than anyone is currently doing?
2. Is it free and if not is someone else unlikely to be able to offer it for free? (I hate this one but it is increasingly important)
3. Are its benefits obvious or easily explained?
4. Can you easily identify and inexpensively reach your target customer to inform them about your product/service?

Ideally you should answer yes to all of these but not necessarily. Certain combinations of Yes and No for the above still work in my opinion, as I outline in a decision table over at my blog.

By: Mike Brennan

Mike Brennan — Fri, 08 Aug 2008 19:07:52 +0000

Creation of value proposition….can you easily and effectively communicate to potential partners, investors, customers, etc…does it have meaning to them?

By: Andrew Hyde

Andrew Hyde — Fri, 08 Aug 2008 17:27:06 +0000

Who is your customer? Just listen to them.