Ok, I am sure you are aware that the iPod and Google are very big names and very big brands. Heck there is even google ads on this site. What has made them so big? Simplicity!
‘Sold Many Millions’
Apple have sold many millions of iPods why, because the only controls are a touch wheel (when they took off). This is why Creative’s Zens and Microsoft’s Zune etc. has all been flops, because they were not plain and simple. Yes you want to get all the nice features in, but whats more important? Feature or Simplicity? I would say simplicity. Even Microsoft can be put into this category, they created something that was very simple at the time, it meant you didn’t need to have a PHD in technology to get them to open a file. They invented UI (user interface) for computers, can’t get simpler than that.
‘Profits Increased 10 Fold’
I have had my own experiences of this, when I opened my first incentive freebie site (one of the first in the UK, 3rd to launch I think) the site was a bit complex, and took some time to work out. When I closed that network and rebranded under Creative Century I attempted to make the site as simple as possible, so anyone would know what to do, this caused profits to increase 10 fold.
Getting it Done
I think that the main attribute of an Entrepreneur is his/her ability to get things done, without caring about how people are going to think it is going to fail. When it does fail, they carry on singlemindedly until it does work, because they know its right. This is why I think most Entrepreneurs are proud, because they won’t listen to criticism unless it helps them. They never think its too risky or not the right moment. They see the opportunity and jump at it with their hand already holding the sword held out in front of them.
Perfection
The true entrepreneur wouldn’t let something get to the market without it being perfect, that includes website. I have to say I am guilty of this, unless it is an on going project or a bit of fun (like this) I will always want it perfect. In regards to my latest project, it could have been finished and up by now, but I wasn’t happy with the design. So I think that donkey is staying under wraps for now.
No Fear to Fail
A good Entrepreneur has no fear of failure he/she always goes at it with the attention of succeeding, it would take days, it could take years. But the good Entrepreneur knows when he is on a golden donkey. This ties in with the Getting it Done section.
I think one other important factor is that entrepreneurs keep trying and trying, its like the lottery, “gotta be in it to win it”, the more times you try the higher your chances of striking lucky.
This is really off the back of shoe money’s youtube video.
He discusses if it is Luck or Skill that makes people money on the Internet.
Ok, so is it luck or is it skill. Well Shoe Money said “Its the skill to know when your lucky”. I think what he means by this is that you should have the skill to know where a market is and when to leave a market. Using the example he gave, Transformers… If you have a transformers site, and the DVD has just been released it is a good idea to hold onto that site and update it until the hype around transformers has nearly ran out. Then you sell it.
Other people might work differently but these seems to be the best way to make the most money.