It is hard to say when I got the entrepreneur bug but my first business was started (if you could say that) when I was a sophomore in college. Back in 2003 I had high hopes of finding a way to make some extra dollars in school so I started using Ebay heavily. I discovered that I could buy manufacture defect Doc Martin shoes for a crazy low rate from a few places on Ebay. Therefore I decided it would be a great idea to buy a bunch of shoes with my credit card and try to sell them. So this idea went over terribly but reflecting back on the experience I learned a few things.
First thing I learned was supply is important (duh). So because I was buying from Ebay dealers you never knew what type of shoes you would have. Sometimes you would have size 10 shoes and sometime you would have size 14 shoes. Either way it is a stupid way to stock a store. Therefore I learned the importance of having a steady supplier before you ever launch.
The second thing I learned that actually shaped my current career choice is that marketing is vital to the success of a business. With my shoes I had an amazing product at half the price of every competitor. However, I was a terrible salesman and hadn’t learned a lot about ecommerce stores. Therefore there was no way anyone would ever even know about our business. You may have the greatest business ever but if no one knows about it, who cares?
So my first business wasn’t a success. It was actually a huge failure but it taught me how much I love being an entrepreneur. I am sure there will be a lot more failure in my future (see business my next business idea).
My name is Matt Smith and I love the topic of business. My day job is a search program manager at Dell but my nights are spent trying to start a my own business. I love my day and night jobs and this blog will be about the latter of the two. The blog will also most likely have a lot of random thoughts about a variety of topics. This blog in no ways reflects the views of my employer Dell (had to cover my legal bases with that one).
I am not really sure if anyone will actually ever read this blog. To be honest I don’t think I will ever really tell anyone about it except maybe my closest friends. The blog is meant more to be my personal thoughts on SEO and the entrepreneurial dream I try to attain. Therefore if you somehow found your way onto my blog please feel free to contribute with your comments. I am always open to feedback and love to talk about any business related topics. Also there may be several spelling errors and some sarcasm; I am apologizing now if I offend you in some way.