What am I supposed to do when I don't have the money for my HUGE ideas and I keep seeing them happen

27 replies
Ok I don't think SMALL!

I don't try and think of the next hot ebook, or the next hot report I can sell.

I don't try and think about how to make the WSO of the day or anything like that..

(Nothing wrong with the people who think like that)

I like to think huge! But the problem is, I think so huge... That when I have a killer idea, I just don't have the resources or money to put it into action!

I've had two amazing ideas these past 6 months, and I just found one of my ideas.. being put into action.. and the website is AMAZING, just how I had it pictured!

This is like the 3rd time now since I started IM that I've had an idea, but just had no idea how to get it started!

Now, I have another idea.. (a lot simpler than my others) and all I need is to partner up with someone to program it!

I know I'm not the only one with these bigger ideas. What do you guys do about it?

Is this possibly something that I could go to my bank with.. have a blueprint of the plan and try and get a loan? Any advice on these matters? (I really want to work on my bigger idea now after seeing this other website)
#happen #huge #ideas #money #supposed
  • Profile picture of the author Crew Chief
    Originally Posted by korypearman View Post

    I know I'm not the only one with these bigger ideas. What do you guys do about it?

    Is this possibly something that I could go to my bank with.. have a blueprint of the plan and try and get a loan? Any advice on these matters? (I really want to work on my bigger idea now after seeing this other website)
    Your best two options are...

    (a). Put together a Brain Storm Team. In this setting, everyone brings different Skill Sets to the table. In your case, you bring the brains and one or more of your Brain Storm Team members brings the SEO brawns and another brings the cash infusion.
    (b). Find a JV Partner who partners with you on a sole project. They fund it and you birth it and get it to your target market.

    No banks. No loans and everyone is happy.

    Giles, the Crew Chief
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  • Profile picture of the author terrapurus
    JV or venture capitalist. But as you are not putting up what counts (the money), you will probably only get 20%.

    The first big project I was involved with cost $100K just to build the site but pulled $3 mil over 3 years. Advertising, sales commissions and fixed costs were about 1.2mil for that period, so not a bad ROI. The investors were certainly happy.

    What I am trying to get at is if you want to play in the deep end of the pool, it takes money to make money. Even twitter started with venture capitalist seed capital in the millions (from memory, not sure of the hard fact).
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  • Profile picture of the author Andy Fletcher
    Execution counts for far more than the idea. Come up with an idea that is within your ability to execute effectively. Earn from it and learn from it then next time you can take on a bigger challenge.
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    • Profile picture of the author IceMan2010
      Originally Posted by Andy Fletcher View Post

      Execution counts for far more than the idea. Come up with an idea that is within your ability to execute effectively. Earn from it and learn from it then next time you can take on a bigger challenge.
      Agreed. Everyone has ideas. What matters is whether or not you can execute them, and turn that idea into a profitable reality.
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  • Profile picture of the author jasonmorgan
    Become jaded like the rest of us poor entrepreneurs.

    Learn the skills to make your dreams come true.

    Look at facebook. Was it an original idea or stolen? Doesn't matter.

    The billionaire is they guy who could sit down and create it. The other guys... we only know who they are because of a movie.

    Become the guy who can create it.
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  • Profile picture of the author tpw
    Or start small and build your own resources to finance your bigger dreams. This has been my game plan for years.
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    Publish Coloring Books for Profit (WSOTD 7-30-2015)
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    • Profile picture of the author KatyaSenina
      That's my biggest issue as well, but I think like everyone else said you should partner up with other people, who you're willing to trust and vice versa. It's a bit risky and takes guts, but doing business in general is risky.

      Or just put some money aside every month.
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  • Profile picture of the author rondo
    If you don't have cash then you'll need to start small in order to finance your big ideas.

    Andrew
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  • Profile picture of the author donhx
    Originally Posted by korypearman View Post


    I know I'm not the only one with these bigger ideas. What do you guys do about it?

    Two big points here:

    1. Ideas are dime a dozen. They are not all that special. As you note, it seems that many people have the same idea simultaneously. Ideas only have value when you are able to turn them into money. I have at least 12 great ideas everyday. I am able to do about 6 per year.

    2. IM is Captitalism 101. To succeed, you need capital. Most people fail because they try to operate without it. The very best way to get capitial is to get a job and save your money until you have enough, then invest it in your ideas. That way, you can be sure you'll be investing in your very best idea, not just the latest one. The very worst way to capitalize a project is via loans. Without a proven IM track record, it would be a total crapshoot for investors (bank or personal friends who loan the money).

    A JV invests in you by way putting up their assets for a portion of the profits. The wise ones wait for the very best product and the very largest percentage.

    Yes, there are other ways to generate capital... most are referred to as "sweat equity." You use your skills (or bartered skills) instead of cash. Most people who follow this route don't do as good if they were well capitalized because they don't have staying power.

    Cash is always king when it comes to succeeding. You've heard the saying, "the rich get richer." That's because they have the cash and understand Capitalism 101.
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  • Profile picture of the author Shannon Herod
    "Money loves speed" I believe that was Jay Abraham. But if you want something bad enough you will find a way to make it happen. If you do not want it bad enough you will find excuses on why you can not dot it.

    Shannnon
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    • I'm going to give you an inside look at V.C., Angels, etc:

      They are very hard to find and please. Without giving up control of your company and following their direction you better have a solid idea that will blow their mind.

      If you have anything less than a solid concept/idea you are better "bootstrapping" it ( funding your idea).

      While your idea may be great research is going to be a key factor. instead of trying to invent something new, improve on a current solution.

      This is a very brief overview as it is much, much, much more difficult then what i have stated above.

      I am not saying your idea is bad or cant be done but you better be ready to put everything you have at risk for this. Long hours, neglecting family friends, loved ones, and massive loss of sleep.
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      Richard Saperstein
      Director of Sales & Marketing
      Millions Forever LLC

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  • Also I would like to add:

    The ideas that you see happen all day long you need to ask "Why are they happening?"
    "What are they doing that I am not?"

    What people don't see is that a lot of those big ideas are bought for pennies, literally someone with a brilliant idea sold it for $100k to someone else that had a lot more money. They also gave up their rights etc.

    The entrepreneurial world is a tricky world. It has ups and downs, good and bad, snakes and angels.

    Be ready for everything and believe in yourself, product and have the ability to walk away when someone is holding a big amount in front of you.
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    Richard Saperstein
    Director of Sales & Marketing
    Millions Forever LLC

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  • Profile picture of the author Michael Meaney
    I think you've solved your own problem man.

    The small stuff like ebooks and WSOs could make you enough to invest in larger products.

    A few people I know on this forum started out like that.. (maybe they will chime in) doing the odd WSO, building a reputation, investing the money back into their business and growing. When the time comes to throw five or six figures at a venture, you could be in a strong position to make it happen.
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    • Profile picture of the author goindeep
      Kory,

      Mate, in as sincere and genuine as i can possibly say. I feel you man.

      Take 5 minutes and go through some of my threads. If you go back to when i first started posting on the WF i was EXACTLY the same as you! Exactly.

      BIG ideas..HUGE idease.. GIZA Pyramid style sized IDEAS!


      Im a thinker, an ideas man. I always have been and always will be.

      And i can tell that you are too. Obviously

      In the last.. I dunno, maybe 6 months. My efforts have absolutely 100% worked, are continuing to work, and will eventually see the light down the end of the success tunnel. I guarantee it a million times over!

      I was promoted to a managerial role at work (more cash flow), i started my BIG idea (Its almost finished), i'm beginnnig to offer online seo and copywriting service as a freelancer so i can begin my path to quit my job and focus 100% of my time on my BIG ideas, i got my first client, i paid my car off, i bought a new car, we're having a baby, i got offered a partnership in an online business..... bla, bla, bla...

      I remember specifically a thread i wrote here about "Youtube, Facebook style sites" and how warriors can do the same. I never understood why most of the people who replied where not of the same mind set. Now i am. Its because not everyone thinks big, we are all unique. But i do think BIG.

      Now my big idea and smaller ideas are manifesting just like i planned, wished and hoped for. You and everyone else on these forums will see my BIG idea reveal itself within the next 6 months and it will be a massive success.

      Im similar to you. Thats why i can give you some advice.

      Im not a coder, not a designer, i just love the Internet and i have BIG ideas.

      What i did during the last 6 years?

      I kept going. I never gave up, not ever. And trust me i have failed and lost a lot of money. A LOT!

      One time, i was close, i was real close to giving up, i was depressed, i was beaten, i was sad and i felt like stopping everything. This was just before my big break. Just before it all started to happen for me.

      But it never goes away, trust me. That little flicker of light within you, that little buzz.. It wont quit, its like it has some sort of mystical power that is there to drive and guide you!

      Let me tell you something: The only thing we humans, all of us, have in common? The only thing that does not seperate any of us? Even those of us born into poverty, born without full bodily function, born without even food and water in the home?

      We all have the Universal right to control our own thoughts!

      Free Will.

      And that spark within you, all it needs is your thought and your energy to make anything happen!

      Just after i thought i had been beaten (although in the back of my mind, i still had not given up hope) i was at a training day for work, we where learning some excel at a TAFE (College). I was bored out of my mind, so as the teacher was going through some of the excel basics i started to browse the net... as you do :rolleyes:

      For some unknown reason, i had the urge to search for "Fear of success" & "Fear of failure". I began reading and soaking all the information up and after doing some mental excercises that the author asked me to do i felt really good, i felt great actually.

      I had discovered in my own mind, that i was secretly afraid of succeeding because of the responsibilities that came with it!!! There was also some small things there with regards to the opposite, fear of failure.

      From that day on, i had this huge momentum building behind me. I then purchased a book called "Think & Grow Rich", its one of the oldest and most powerful books i have ever read in fact i was recommended it in a thread i started on this very forum!

      There was one chapter, one line, one thing that i discovered within that book, that changed my life forever! It was this:

      Defeats are only temporary.

      Everytime you stumble, everytime you hit a wall, everytime you stop, its all just a temporary defeat. And you know what most people do? They give up, they stop. why? Many reasons.

      For me it was my fear of success + temporary defeats. I was using temporary defeats as my excuse for not making things happen.

      Once i connected the two realities, and i decided that i would need to become responsible, things started to move for me, i started kicking goals!

      So what im saying with all this is:

      Keep pushing, keep reading, keep learning, keep growing, stay focused on one thing, one target, one goal, focus all your spare time and energy into that goal, understand that defeats are only temporary, understand that you will never be whole even at death you will still continue to transform, you will always need to learn something, something about yourself and something about the world around you...

      Be content with nothing, otherwise you will never be content with anything.

      And most of all never... ever give up.

      To change the pace now. Im not sure where you are at, at what stage on your journey, but i have a good feeling..

      What i will say to you is this:

      Take a break, one, two, or more days. Dont think about business, work, money or anything that stresses you out. Just chill. Relax. Take deep breathes, stretch out. Look at the stars, go for a walk, have a drink and get loose. Get a massage. Fall in love, or back in love with that same person. Everything - will be - ok.

      And watch what happens!

      Thats all.

      Andrei.
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  • Profile picture of the author getsmartt
    It has been said before in this thread but I think Derek Sivers said it best...
    To me, ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions.


    Explanation:


    AWFUL IDEA = -1

    WEAK IDEA = 1

    SO-SO IDEA = 5

    GOOD IDEA = 10

    GREAT IDEA = 15

    BRILLIANT IDEA = 20


    NO EXECUTION = $1

    WEAK EXECUTION = $1000

    SO-SO EXECUTION = $10,000

    GOOD EXECUTION = $100,000

    GREAT EXECUTION = $1,000,000

    BRILLIANT EXECUTION = $10,000,000


    To make a business, you need to multiply the two.


    The most brilliant idea, with no execution, is worth $20.


    The most brilliant idea takes great execution to be worth $20,000,000.


    That's why I don't want to hear people's ideas.


    I'm not interested until I see their execution.
    Even if you can't do the whole thing, do something, put something together that you can show someone or multiple someones.

    If all you have is an idea, you have nothing
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    Was mich nicht umbringt, macht mich stärker

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  • Profile picture of the author Sardent
    Originally Posted by korypearman View Post

    Ok I don't think SMALL!

    I don't try and think of the next hot ebook, or the next hot report I can sell.

    I don't try and think about how to make the WSO of the day or anything like that..

    (Nothing wrong with the people who think like that)

    I like to think huge! But the problem is, I think so huge... That when I have a killer idea, I just don't have the resources or money to put it into action!

    I've had two amazing ideas these past 6 months, and I just found one of my ideas.. being put into action.. and the website is AMAZING, just how I had it pictured!

    This is like the 3rd time now since I started IM that I've had an idea, but just had no idea how to get it started!

    Now, I have another idea.. (a lot simpler than my others) and all I need is to partner up with someone to program it!

    I know I'm not the only one with these bigger ideas. What do you guys do about it?

    Is this possibly something that I could go to my bank with.. have a blueprint of the plan and try and get a loan? Any advice on these matters? (I really want to work on my bigger idea now after seeing this other website)
    So partner up with someone.

    Yes, it might mean that on the first big idea they get the lion's share of the profits while you do most of the legwork. But that's the way it works.

    Yes, it might mean that on the second big idea they (who ever they are this time around) also get the lion's share of the profits while you do most of the legwork.

    But...you are gaining invaluable experience at the same time, making you a much more attractive JV partner in your own right.

    And don't forget to sock a little away from each experience until you have enough to run one on your own, or be the bigger parnter.
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  • Profile picture of the author revenue27
    If you don't have that much money you need to create your big projects, why don't you start from small one this way you can test it to know that your projects have a good prospect, then you can take it to the higher level by bring in some investor to fund your projects.

    Btw not all investor are willing to put their money in risk before they know that they will get the ROI they wanted.
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  • Profile picture of the author Stuart S
    Yeah the good old big ideas.

    I remember when I was like 7years old I thought of this awesome thing I would invent when I was older.

    It was going to be an electronic device for reading books.

    One of the best selling items of all time on Amazon, the Kindle.

    And I had the idea when I was 7. Talk about a FacePalm
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    • Profile picture of the author Kory Pearman
      Originally Posted by JacksonRiddle View Post

      Yeah the good old big ideas.

      I remember when I was like 7years old I thought of this awesome thing I would invent when I was older.

      It was going to be an electronic device for reading books.

      One of the best selling items of all time on Amazon, the Kindle.

      And I had the idea when I was 7. Talk about a FacePalm
      Haha I feel ya man.. We just gotta take action! I have some bad ass ideas right now man. Only thing standing in my way is a programmer
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      • Profile picture of the author Goliath
        Originally Posted by korypearman View Post

        Haha I feel ya man.. We just gotta take action! I have some bad ass ideas right now man. Only thing standing in my way is a programmer
        Some people say that if you do have an idea, you should PUBLICLY pursue it so that resources you need can be found much easier.

        But i had a bad experienced when i found my idea being represented by the exact person i was PUBLICLY sharing it with

        Well, sh*t happens i guess
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        "Perfectionism is just fear of failure in disguise..."

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  • Profile picture of the author Ethan Ooi
    1.try start small to earn some money 1st (i know u dont like it....but try it anyway)

    2. find a joint venture...find someone you can trust...

    - i have seen 2 live examples for this situation:

    - my friend have a good idea to start a website...but no money...he found one reputable internet marketer and do joint venture...and he earned 30k in the 1st month...

    - another friend also have a good idea...but went to find some guy in black hat side...guess wat...his idea was stolen and he got nothing in the end...
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    • Profile picture of the author Kory Pearman
      Originally Posted by seowebempire View Post

      1.try start small to earn some money 1st (i know u dont like it....but try it anyway)

      2. find a joint venture...find someone you can trust...

      - i have seen 2 live examples for this situation:

      - my friend have a good idea to start a website...but no money...he found one reputable internet marketer and do joint venture...and he earned 30k in the 1st month...

      - another friend also have a good idea...but went to find some guy in black hat side...guess wat...his idea was stolen and he got nothing in the end...
      Well I'm actually making a lot of contacts over in my challenge thread, *Lend A Hand*. (Challenge/Contest Forum) So my big ideas don't seem that far away now that I have a group of potential partners!
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  • Profile picture of the author paulie888
    I think your best bet is to search for a JV partner who can provide the cash infusion and resources that you need. However, this is a "catch-22" situation that you're in here, as I'm assuming that you don't have any massive success in the past to point to, and without that kind of proof to show your prospective JV partners, it'd be fairly difficult for you to make a convincing case to them about your abilities and potential.

    That's not to say that you should give up though. Perhaps if you network extensively enough and have a sound business plan that you can show, you may come across some JV prospects who are willing to take on your venture.

    Paul
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  • Profile picture of the author Drewry_Media
    The same thing happens to me too. What I would do is start blogging, and generate some AdSense, or text ad income. Be sure to keep your hosting bill paid, because while you're working to generate income, you need to write down ideas, for your next big service or product. Use the ad $ to expand and look for a freelance coder, to put together your idea online.
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  • Profile picture of the author Wide
    Originally Posted by korypearman View Post

    Ok I don't think SMALL!

    I don't try and think of the next hot ebook, or the next hot report I can sell.

    I don't try and think about how to make the WSO of the day or anything like that..

    (Nothing wrong with the people who think like that)

    I like to think huge! But the problem is, I think so huge... That when I have a killer idea, I just don't have the resources or money to put it into action!

    I've had two amazing ideas these past 6 months, and I just found one of my ideas.. being put into action.. and the website is AMAZING, just how I had it pictured!

    This is like the 3rd time now since I started IM that I've had an idea, but just had no idea how to get it started!

    Now, I have another idea.. (a lot simpler than my others) and all I need is to partner up with someone to program it!

    I know I'm not the only one with these bigger ideas. What do you guys do about it?

    Is this possibly something that I could go to my bank with.. have a blueprint of the plan and try and get a loan? Any advice on these matters? (I really want to work on my bigger idea now after seeing this other website)
    I was watching a tv show the other evening, about a guy who created one great idea after the other and the people in the studio called him a Genius several times.

    One think I realized was: There is a huge difference between them (entrepreneurs) and the rest of us, and thats resources.

    Example:

    Both me and him get the same idea.

    Me: I need to plan the project, outsource some graphics since i'm not that good to that. I can get 1-2 dedicated servers and hire a server management company to manage them. The website needs to be developed by myself and my programming coding is limited (i know basic php etc). So, the solution is come up with is very limited, since the features needs to match my skills.

    Him: He got a lot of resources from previous projects/businesses and resources is not only money. He got a huge network of people and businesses he have worked with before. He then hire a group of 5-10 people to work on his new idea. He point out what features he want, type of advertising, budgets - they make everything he wants them too, thats what they are getting paid to do.

    He is a part of the design process, if there is something he don't want, then he tells them to change it. If he want a feature but his staff does not have the skills to make it, then he will replace a guy or get one more.

    He got resources for everything, he "just" need to make sure there is a market for his new product and how he is going to market it to break into that market - and he have people to make that happen.

    There is probably a lot of the above which is complete false, but thats my view on things. I'm just a small dude with small plans
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  • Profile picture of the author AidenChong
    Originally Posted by korypearman View Post

    Ok I don't think SMALL!

    I don't try and think of the next hot ebook, or the next hot report I can sell.

    I don't try and think about how to make the WSO of the day or anything like that..

    (Nothing wrong with the people who think like that)

    I like to think huge! But the problem is, I think so huge... That when I have a killer idea, I just don't have the resources or money to put it into action!

    I've had two amazing ideas these past 6 months, and I just found one of my ideas.. being put into action.. and the website is AMAZING, just how I had it pictured!

    This is like the 3rd time now since I started IM that I've had an idea, but just had no idea how to get it started!

    Now, I have another idea.. (a lot simpler than my others) and all I need is to partner up with someone to program it!

    I know I'm not the only one with these bigger ideas. What do you guys do about it?

    Is this possibly something that I could go to my bank with.. have a blueprint of the plan and try and get a loan? Any advice on these matters? (I really want to work on my bigger idea now after seeing this other website)
    Mate!

    I don't know others, but here's what I've learned.

    You've got to get small dots connected to make it become a BALL.

    Here's how it looks like:

    1) You have a big idea or a few big ideas.

    2) You want to know if your ideas are going to work.

    3) You launch a smaller campaign running your ideas in smaller scale version, you will get much more ideas about how to reach the huge one, and you will get ideas on how to execute it well.

    4) At the mean time you are going to take notice if there is any potential partners or like minded people who is interested in executing the ideas together with you.

    5) Proven right, then you're going to work out the details to go to the big idea! Improve the quality, improve the ideas with much more new ideas from the small test you ran.

    Say, if I were a new person in any area. I have big ideas, how can I get real big? By connecting my small ideas together.

    It works!

    A few of those people who were giving you advice in this thread, were those that I have been networking with.

    You may think they have small WSO.

    The WSOs they launched were just a small soft launch, or perhaps an internal launch, which they would take those constructive feedbacks or constructive criticism to roll out MORE ideas, improve their current products and launch them into V2 or the final version in CB or to the outside world!

    One of the person that I've just recently been in contacted with, is going to launch have a Million Dollar launch next year or so, just because of his testing product (his WSOs) are getting real hot demand! Now tell me that this is small, once he has this launched, other vendors broker will search for him AUTOMATICALLY for deals.

    He has just landed on a million dollar or multi-million dollar business, so to speak, you call that "small" ?

    I guess it depends on personal perspective. If you have a mindset telling you that your small product will grow big, it will. If you think your small ideas will grow big, it will!. You're not getting the whole picture, in my humble opinion.

    If you have a HUGE idea, but you don't have small ideas to connect that to the huge one, it's going to be a hard time for you.

    That's why, you are posting this thread to gather smaller ideas, right?

    In a nutshell, my answer is a long-winded version of what Andy Fletcher and James (getsmartt) has mentioned, EXECUTION, plus my own twist, which is the "connecting small dots" part.

    Hope it does make sense.

    Well, talk soon mate.

    Aiden
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  • Profile picture of the author sbucciarel
    Banned
    Originally Posted by korypearman View Post

    Ok I don't think SMALL!

    I don't try and think of the next hot ebook, or the next hot report I can sell.

    I don't try and think about how to make the WSO of the day or anything like that..

    (Nothing wrong with the people who think like that)

    I like to think huge! But the problem is, I think so huge... That when I have a killer idea, I just don't have the resources or money to put it into action!
    Perhaps it would be better for you to think small to raise some cash for your big ideas. That's what I would do anyway. Otherwise, all you have is dreams.
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