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Online Business Models
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Scoop.it!
You don’t want to waste your time and money building a product no one will want to use or pay for. So, first get out of the building and talk to your customers. But there’s a world of difference between talk and action.
Robin Good's insight:
To build a new business online, it may prove quite effective to develop minimum viable products of the services your community is asking for, before moving all of your resources and money to build a full-featured and complete version. Vladimir Blagojevic has curated a selection of seven useful minimum viable products that have been already created, as to provide an inspirational reference to anyone wanting to embark on the same journey. "A minimum viable product is “that product which has just those features and no more that allows you to ship a product that early adopters see and, at least some of whom resonate with, pay you money for, and start to give you feedback on”. For each one he has provided a good description of the real-world example, a screenshot and good story-description of how the minimum viabe product was put together. Resourceful. Instructive. 8/10 Full guide: http://scalemybusiness.com/the-ultimate-guide-to-minimum-viable-products/ 
Russell Holcombe, CFP, MTx's curator insight,
November 16, 2013 12:48 PM
Great article on testing new ideas in business. 
Oliver Durrer swissleap.com's curator insight,
October 22, 2014 2:22 PM
The notion of "MVP" or "Minimum Viable Product" is a key element of Eric Ries' book The Lean Startup. The idea is to test an MVP with early adopters to reach product-market fit as quickly as possible through real customer feedback and validation of underlying growth and value hypotheses. Avoiding to waste time and resources on developing a product that nobody wants. Still - very surprisingly to me - the number one reason for Startup failure, according to this source: http://sco.lt/8gFEh7 |
Budi Voogt has recently updated his excellent musician's indie guide to digital distribution for independent musicians containing lots of useful information and good advice.
He covers most everything you need to know, from which are stores that matter to the types of payment deals available and their pros and cons as well as the different distributors options you have and their contract terms.
My comment: If you are an independent musician looking to better understand what options you have available to sell and distribute your music online, check this guide out.
Informative. Resourceful. Recommended. 8/10
Full guide: http://www.hypebot.com/hypebot/2013/11/the-indie-musicians-guide-to-digital-distribution.html