Comments on: How to Waste Three Years and Thousands of Dollars

By: The “How to Tell if Your Ideas are Good for Online Passive Income” Checklist | The Smart Passive Income Blog

Tue, 21 Apr 2009 09:46:04 +0000

[...] How to Waste Three Years and Thousands of Dollars Recent Posts [...]

By: Pat

Pat — Fri, 12 Dec 2008 09:00:36 +0000

@ Lazy Man (no offense)

That’s definitely a concern a lot of people have, but there are ways to get information without giving away your idea. Good call though, I should of mentioned something about that.

By: Lazy Man and Money

Lazy Man and Money — Fri, 12 Dec 2008 08:03:03 +0000

I thought it was kind of silly to carry a ton of vinyl when you can fit it all in an iPod. Then again, I don't know anything about DJing. One thing that may concern me with this is that if you have a truly great idea and a friend who isn't a real friend, they can steal your idea and get rich on it. Lazy Man and Money´s last blog post..Lazy Man’s Gift Guide 2008

By: Sarah H.

Sarah H. — Tue, 25 Nov 2008 13:40:14 +0000

Good illustration. Before I ventured out and spent a decent amount of time and money on my homemade greeting cards, I definitely did some market research and got a lot of input from people. Let's hope my research was accurate because I go live a couple of days! This is very applicable to blogging too...ask and research first before you start a blog and see if you have an audience (or conversely if your audience already has too much already to read about the subject). Sarah H.´s last blog post..Houseplant Hacks - Five ways to use your space more efficiently

By: Andy @ Retire at 40

Andy @ Retire at 40 — Tue, 25 Nov 2008 09:54:42 +0000

Good point. Isn't is amazing how just a straw poll of 10 or 15 minutes (or maybe slightly longer) can save 4 years and many thousands of dollars. There's nothing like a bit of market research to help you out. Andy @ Retire at 40´s last blog post..Choice Between a 4 Day Work Week or More Money

By: Pat

Pat — Mon, 24 Nov 2008 07:29:44 +0000

@ Studenomics,

Good call on asking the listeners too. Maybe there’s a product out there for them that Fred could take advantage of. I’m glad you enjoy the blog so far. I visited yours, and you got some great information on there too. Keep up the good work!

By: Studenomics

Studenomics — Mon, 24 Nov 2008 06:53:41 +0000

In my opinion the popular Wikinomic theory of crowdsourcing is very effective. This simply refers to getting answers from people actually doing the job. In this case he should have gone out and ask every DJ out there for their honest opinion. On top of the DJ you could ask the listeners as they are the ones who have to listen to the end product. I just discovered this blog today and really enjoy what I have read on passive income so far (except for the fact ehow does not accept Canadians. Studenomics´s last blog post..When Should You Not Save Money?