Business Plan?
A user over at BYOC was turning his hobby into a business and I like some of the ideas he came up with so far and wanted to make some notes.
Goal: Design unique guitar pedals that appeal to a wide range of consumers.
Business Rules:
- No Pre-orders
- No Advanced Cash
- Products Ship within 2 Business days
- Waiting List OK as long as no cash involved.
- Unique Circuits
- Limited reverse engineering capabilities
- Lifetime Warranty
- Trial Period (Maybe, still trying to work this one out)
- Customer Service is a MUST
- Straight forward marketing, no HYPE etc.
- Direct from Manufacturer Purchasing
There are some great ideas listed and it gives me a lot to think about. When working with friends I want to make sure they are happy with what I build and feel confident in using the pedal I have built for them. I will need to come up with my own business rules. Right off the bat I would say the “Limited reverse engineering capabilities” is not important to me. I really like to share the things I build and seeing how I rely on the DIY community for my projects, I would give right back.