This time next year we’ll be millionaires…?
- February 12th, 2010
- By Barry Preston
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Quick roundup of activity so far
Firstly, for those of you who read our first post, here’s the next instalment.
For those who didn’t, stop reading and go and find it…
Now….
Go on…
So, all up to speed with progress in setting up a wedding candle making business so far…??? Good – I’ll continue…
Quick recap – we had found Google. I mean really found Google at a deep, spiritual level. It could answer any and all questions we could throw at it with apparant ease.
Additionally, with the progress we were making we’d be millionaires within the year – we could at least match the competition for candles in glasses and were confident we could nail ‘em for decorative candles. (BTW – take a look at where we are now with our wedding candle business and I think you’ll agree – Alesia’s designs really are top quality – however, that was all yet to come).
All we had to do was get pictures of the babies onto the front page of Google and we’d be off to the races??
Sounds simple, but clearly not the case. If it was there’d be a lot of Search Engine consultants out of work, not to mention Google’s AdWords being totally surplus to requirements.
A business strategy – whatever that is, we need one?
So, business meeting time. Obviously I say that in the loosest sense of the word. As with all of our business meetings it followed the same basic format…
Barry – ‘What ya looking at…??’
Alesia – ‘Ebay…’
Barry – ‘I can see that but what are you looking for??’
Alesia – ‘Nothing…’
????????
It was often said some years ago (or I heard it often said anyway – probably shows the kind of circles I mix in?!?) that 5 minutes after man has invented a new media he invents a way of distributing porn across it. The whole story though is that 30 seconds after that (i.e. once his wife has caught him) he goes on to invent ways of shopping across it!!
Anyway, back on subject (and before the hand/book/toaster comes my way again…), it was about this time that we decided upon a business strategy. It was very simple really. The basic problem we had was that as a start-up, and with no capital to talk of, we needed a strategy that wouldn’t involve external professional resources – i.e. cheap. However, we also needed to make our products visible to the market.
Therefore, of the niches that were available we set upon wedding candles as being a good target.
Firstly, when we find a prospective customer they already clearly know if they’re in the market or not so that took one point of conversion out of the loop – i.e. trying to convince a prospect that they should even be looking at what we were selling, let alone looking at us for it.
Clearly, if they didn’t know they wanted at least something like we were selling then they didn’t.
Anyway, this meant that when (if?) we found a prospect looking for wedding stuff we only really had to convince them to buy from us as opposed to someone who does something really quite similar.
Secondly it meant that we could attack an existing local market and attempt to ‘piggy-back’ on other suppliers in our local wedding market – not competitors but local companies that, and this was the nub of the strategy, we could do the good old fashioned foot pounding thing. Ok, no overnight prizes for entrepreneur of the year, but it was tried and tested and best of all it met our principle requirements test – cheap! The most expensive part was likely to be in the cost of shoes/phone bill/ice to cool a burning ear from having a phone pressed up against it all day. Oh yes, this really was going to be old school – nowimping out with fancy headsets for us!!
So, we had made some candles which weren’t the final product, but we’d used Google to our full advantage to read every ‘How to make a candle’ lesson we possible could along with several YouTube videos and we knew exactly what to do to perfect them.
Our first perfect wedding candles – or so we thought!
So, onto the first candle effort. The wax was melted in a big pot on the hob in the kitchen (oh yes, we had all the gear – several pots and a couple of thermometers!!) to the temperatures specified on the websites we’d found. Next the fragrance was added to the wax in the pot at the percentages we’d found found on various websites. Finally we allowed the resultant steaming fluid to cool to the appropriate temperature (you’ve guessed it – as found via our friend and yours – Google). Then, we poured it.
BTW – just in case you’re wondering, by ‘we’ read ‘Alesia’ – this thing involved measurements and more importantly the stove. It was therefore clearly well outside of my remit. Or as Alesia put it – you’ll only make a mess that I have to clear up later?? I obviously feigned hurt feelings by this wholly unnecessary slight on my character and went off to make a mess somewhere else…
Anyway, the babies had been poured and it was simply a matter of leaving them for a couple of days and then reaping the rewards that were so clearly due to us for having been so clever?
We could see the cash rolling in already…
