Again, please feel free to send
us your comments/questions/suggestions/criticisms or let
us know if you want us to discuss certain topics. We'll
always respond.
Lessons
Learned
We've made a ton of changes to
the website lately, including the addition of zip code
search functionality, the Insider Online and back-end
marketing analysis. We'd like to say that as former IT
consultants, we had no problems implementing these changes
ourselves. Truth is...we don't know crap about web development
and we don't have the budget to spend $300/hr on a college
level html programmer. So, in an effort to save time and
money, we enlisted the help of a very tech savvy, knowledgeable
friend...let's call him "Ed". "Ed's" been an invaluable
technical resource and someone that we've been able to
go to with all of our technical questions. "Ed" helps
us do research, identifies cheap shareware, modifies our
html code, and provides sound technical advice. He's also
a "friends and family" investor. Our point here: if you're
bootstrapping a company, make sure that you have very,
very cheap access to a good technical person like "Ed"...it
will make things a helluva lot easier.
Our distribution networks are
finally kicking in. It's amazing...these guys are able
to close large sales with retail buyers who refused to
take our phone calls a month ago. One thing that we've
done to help cultivate the distributor relationship; kept
our wholesale price higher than our distributors. Not
only does this signal to your distributor that you don't
want to compete with them, but it also pretty much forces
retailers to buy from distributors (who can give them
better pricing). We know that our distributors have been
around for awhile and have a ton of great retail relationships.
We want to do whatever we can to incent them to push MouseDriver.
In the long run, it's these guys who will bring us the
volume sales. One thing that we've found strange in this
industry though: Retailers who contact us directly are
shocked (and some actually get a little testy with us)
when we tell them that they can get better pricing by
going through a distributor. Any clues on what we're missing
here?
Entrepreneurship is a great thing.
You have the personal freedom to do whatever you want
whenever you want. If it dumps 8 inches of snow in Tahoe
on a Tuesday night, you have the choice of heading up
to the mountains the next day. This option and ability
to "get up and go" is absolutely priceless. However, this
freedom doesn't come without sacrifice. Over the past
10 months we have had no income, spent most of our personal
savings, maxed out a couple of credit cards each, performed
very menial and unchallenging administrative tasks, been
turned down for office space (b/c of too much personal
debt), had our egos completely crushed, and lastly, been
told that we have no vision and no idea what we're doing.
All of this for the price of personal (and hopefully financial)
freedom. Is it worth it...absolutely. Since the last quote
seemed to be pretty popular, we'll leave you with another
one from Mitch Albom's Tuesday's With Morrie (a great
read by the way):
"Life without freedom to get up
and go - mountain bike beneath you, breeze in your face,
down the streets of Paris, into the mountains of Tibet
- is not a good life at all."
What We've
Done
- Completely outsourced most of the
operational aspects of the business so that we're now
focused on sales, marketing and PR.
- Spent an hour with a customer who
wants us to design and develop The Ear Mouse...yeah
right!
- Developed and submitted our first
two print ads. One is targeted towards golf retailers
and the other is targeted to consumers.
- Signed an agreement with a movie studio
to use MouseDriver as a prop in some scenes. It's a
golf movie...the principle from Ferris Bueller's Day
off is one of the stars.
- Sold MouseDriver to the defense crisis
department at The Pentagon.
Priority Goals
- Find for 3 or 4 more large gift distributors
in different regions of the country (i.e. Northeast,
Midwest, West Coast, Southeast).
- Begin brainstorming on the possibilities
of introducing a MouseDriver bundle package. Basically
means identifying the bundle, researching the numbers
and designing new packaging.
- Develop some very creative ways of
marketing and promoting MouseDriver without spending
a ton of cash. Any ideas that you might have are welcome!
- Pay ourselves!
Mood Meter
Remember the last scene in The
Breakfast Club when Jud Nelson is walking through the
football field? He opens up his hand, sees the diamond
earring that Molly Ringwald gave him and raises both hands
in triumph...he's (a.k.a. MouseDriver) finally made a
connection with a "social society" that was always so
foreign to him. That's kinda how we feel.
Questions, comments, or criticisms
about the Insider? Email us at info@mousedriverchronicles.com.
© 2000 Platinum Concepts,
Inc.