Jan 02, 1.58 am
When I first decided to become involved with SG Pro, I was taking summer school at UCR. I was very excited about the project, especially since it was my first business project and I thought it had the potential to become big. It has been over six months since then, and I have made very little progress with SG Pro. I have been very busy with college (not studying, but slacking mostly), and kind of lost interest with SG. Now that I am in vacation and have nothing else to do, I decided to start back work with SG Pro. I had full confidence that I would sell at least 10 copies before couple of months, which is quite good considering I don't even have a site up.
This time I wanted to be disciplined in my work, so I wrote myself a partial business plan, dividing the project into plans. First part of that was to verbally resign agreement with the owner of SG Pro (I am just a reseller, he is the brains behind the project. I was supposed to be the marketing expert, but things changed and I was forced to become an affiliate/reseller.) First part was completed the very day I wrote the business plan. Second part was to survey the field and find out if SG Pro would be successful. This is where the trouble began.
As always I got lazy and the project slowed, but that is not main problem. My cousins from TX just left after spending 10 days of their vacation with us. We had quite lot of fun. Now that they are gone, I will be able to fully concentrate on SG Pro, solving the first problem. But the second problem is much problematic and difficult to solve.
The thing is that I am having second thoughts about the project. The problem is not that I am not confident in the software, I still believe it has the potential to reach big, but that I not confident I have the resources to make it big. When I started this project, I relied on the owner for the resources to market the software. Now that I am an affiliate, I am on my own. As any other college student, I am broke. So the dilemma is whether to continue with SG Pro project or not. One solution to the problem is slowly building up the website and using free resources to gain sales, which would be reinvested. In time this cycle would slowly build up the company.
But that is going to take a lot of time and effort and there is always a possibility that the project might fail, wasting the time and effort which could have been better spent. Once I get some sales for SG Pro, the rest should be relatively easy. I could invest that money in driving more traffic to the site, which hopefully means more sales. It is all about traffic and persuasion. If I can get a decent amount of targeted traffic to the site and if the site content is enough to show the customer the need of the product, the software would become a success. I think the first part is going to be more challenging than the second part, since I believe I can persuade the visitor to buy the site.
Only way I can get the amount of site that is required is through advertising, which would only be possible if I have resources, which I don't have. Therefore I am forced to decide if I should continue with this project or not. One other alternative is to raise money via another source and invest that in SG Pro. But in order for that to work, I need an alternative, which is amazingly tough to find. I have been thinking very much about this. Now that I am only polyphasic sleep patter (see previous post,
click here), I have lot of time to think about this. But I am not sure if it will do any good, because one, I am getting very tired and any decision made in this state generally isn't as good as one not made in this state and second, I need second hand opinion on this matter and the person I am looking for is probably sleeping, so I am stuck with 2GB of songs and my pc.
I am not sure what to post next, so I think this will be last post of the night. Tomorrow should be an interesting day, considering I am required to have a talk with my parents about my school and future and I am on polyphasic sleep pattern.
Surf