Ridiculous ideas can get you laughing all the way to the bank!
Thursday, 14. May 2009, 13:32:48
Entrepreneuship and ridiculous ideas share a long relationship. Every business which is successful now, was once
ridiculous. Take the idea of starting youtube at the time it was started - what was their idea ?
"we'll allow people across the globe to upload as many number of videos as they want & share with the world..we'll have infinite space..& almost scale infinitely "
The idea behind google- "we will launch a new kind of search engine which displays search results based on a ranking system (when already big players of web like yahoo,altavista already had their own search engines)"
sounds ridiculous ? yes they did at their time of inception.
Starting off as an entrepreneur is being the fool (in tarot terms) -who takes the leap and embraces life out of optimism. but there are wise fools & stupid fools
to know which one we are we need to take the bold step of putting our ridiculous ideas to test.The U.S. Patent Office notes that,"approximately only 2% of patents earn significant dollars for their investors." This is the beauty of being entrepreneurial! Not knowing if your ridiculous idea(s) will actually work, but still marching ahead with hope that you'll laugh all the way to the bank!
Check these ridiculous ideas which got their owners laughing all the way to the bank -
ridiculous. Take the idea of starting youtube at the time it was started - what was their idea ?"we'll allow people across the globe to upload as many number of videos as they want & share with the world..we'll have infinite space..& almost scale infinitely "
The idea behind google- "we will launch a new kind of search engine which displays search results based on a ranking system (when already big players of web like yahoo,altavista already had their own search engines)"
sounds ridiculous ? yes they did at their time of inception.
Starting off as an entrepreneur is being the fool (in tarot terms) -who takes the leap and embraces life out of optimism. but there are wise fools & stupid fools
Fall in love with the possibilities that lie ahead!
Check these ridiculous ideas which got their owners laughing all the way to the bank -
Have you ever watched an infomercial or seen an item in a department store and thought "I could have thought ofthat!" Have you wished you had invested money early in a blockbuster invention? Learn the stories behind some (seemingly) ridiculous ideas that have made inventors and investors very wealthy, and find out what you, as a potential investor, should look for and consider before putting up capital for a potential funding opportunity.
The Koosh Ball
You've may have never heard of Scott Stillinger but somewhere in your home or office you probably have one of his inventions – the Koosh ball,which made millions of dollars.Stillinger came up with the idea for the Koosh ball when he tied rubber bands together to create a smaller, easier-to-catch ball for his young children in 1987. He founded OddzOn Products Inc. to distribute the small, simple toy, and within just 12 months it was flying off of store shelves as that year's hottest Christmas gift.The company expanded, and in 1994 Stillinger sold OddzOn to toy manufacturer Russ Berrie and Company Inc., which in turn was bought by toy behemoth Hasbro (NYSE:HAS) in 1997 for more $100 million. And it all happened a mere 10 years after the first ball was created.
Santa Mail
Every year, millions of children around the globe pen letters to Santa and hope for a response. Byron Reese realized the potential in this market. In 2002, he launched "Santa Mail," a service that allows kids to send letters to the North Pole. Parents enclose a small fee of just $9.95, and little Johnny or Jane receives a personalized letter back from the "big man" himself. By 2009, Santa Mail had responded to nearly 300,000 children. At close to $10 a letter, well, you can do the math - needless to say, it was a little idea that has earned Reese a big return.
Antenna Balls
You've seen them; maybe you even sport one on your car. Those ubiquitous, yellow
smiley-faced balls perched atop antennas in parking lots nationwide have made Jason Wall a very wealthy man. Inspired in 1997 by a commercial for the fastfood chain Jack in the Box, Wall created some antenna ball designs and began selling them locally through auto stores in California in 1998. Within a year, he had earned more than $1.15 million in sales and quickly won major accounts to sell his product through national chains, including Wal-Mart (NYSE:WMT).In 2009, the multimillionaire is president and CEO of In-Concept Inc.
Lucky Break Wishbones
Are you still a little bitter that, at last year's Thanksgiving dinner, you lost out to your cousin Ned in the annual fight over the lone turkey wishbone? Well, thanks to Ken Ahroni, those days are long over. In 1999, he had something of an epiphany at his family's Thanksgiving dinner table: a family with multiple people would like multiple wishbones. He shuttered his previous consulting business and launched Lucky Break Wishbone Corp. in 2004, in order to sell his one-of-a-kind breakable plastic wishbones. Within two years, the company was generating nearly $1 million in sales through distributors in more than 40 states nationwide. 
Bojan # 16. May 2009, 06:01
Elias Yemreli # 17. May 2009, 06:26
solid copper # 20. May 2009, 08:10
Torkel Freed # 21. May 2009, 21:24
yosep nugraha # 9. June 2009, 00:37
Nice post.
Anonymous # 19. September 2009, 06:00
Varun, I really loved your post. Indeed very motivating.
varundev # 2. October 2009, 19:20
Thanks a lot for the comments. I am sorry for a late
(very very late!) reply. Right now, I am left with very less time for blogging (demands from my damned life phew!).
For now, I am on a break from blogging and hopefully will read more of your blog posts
Twitter is really handy to stay in touch, I do tweet frequently, please leave your twitter id in a comment/msg or follow me - http://twitter.com/vdevk so that we can stay in touch.
regards,
varundev
Elias Yemreli # 3. October 2009, 01:00