Wednesday, May 29, 2013

Business ideas No.7 ; 110 Unique Business ideas

110 Unique Business ideas:

Business ideas No.7

7. The Robot Center

Tim, like any thirteen-year-old boy, was fascinated with the exciting world of electronics. He especially dreamed of the possibility of creating robots that could walk, talk, and wait on man hand and foot However, Tim was more then a dreamer. Today at 18 he is proprietor of the Robot Center  a robot fantasy land equipped with robots he calls “probots,” and everything from dump trucks and fighter plans that can be transformed to take on human looking shapes, to talking bears and probots that can serve drinks at your pool warming party.

Tim got his start at fourteen developing his own software company. His hours at the computer began to pay off as he soon began writing articles and software reviews for 13 periodicals and newspapers, He authored his first book. The World Connection at age 16 and has written eleven other books since.

Tim’s probot business produced sales of $150,000 within the first nine months and he is optimistic about the future. Tim’s drive lies in the desire to be his own boss, which sometimes presents problems to many young entrepreneurs. According to Tim he feels like it’s a little person inside of him that is out of touch with reality. This of course, has given him the initiative to try things that the average 14 year-old might not try, such as starting his own company. On the other hand, one drawback of being so successful so early in life is that you can move so fast that you can easily make mistakes. Tim has learned from his mistakes, and especially careful to balance his drive with planning.

Analysis:

Type: Service
Marketing Approach: Direct Sales
Unique Appeal: Young Age
Skills: Writing, Computers

Financial Overview:

Initial Investment: Minimal (Computer Costs)
Potential Income: $150,000


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