Brian Ma's Blog (@zealoustiger)

Weekly insights from an Entreprenuer: To spend one year as a tiger is better than to live forever as sheep

Startup Ideas: Sell first, build later

Growing up with techies, you quickly learn and internalize the path to startup success – have a great idea, prototype it, show it off to people, and if you’re lucky, it’ll stick, and the $$ will follow. For a long time, I’ve been following this strategy: coding at home in my free time to try to build the next coolest thing and I’m sure I’m not the only one that aspires to change the world in this very way. Gates did it. Zuckerburg did it. I should be able to do it.

House blueprint

After reflecting on this ‘truth’ for the past couple days, what I’ve quickly realized is that you don’t NEED a product to SELL a product. Being a visionary and being able to present, persuade, and sell to investors, employees, and customers is much more important than having the know-how, time, and money to prototype your ideas. Of course, it never hurts to actually have something to show when you’re presenting, but a good entreupreneur needs to be able to have such a clear vision of their product that they don’t need to build it, before they sell it.

I love real estate, so lets use that as an example. Every builder out there knows the most important thing to building a house is the architectural drawings. Once they can hand that over to an agent, the agent can sell it. Nothing is built, nothing is finalized, and nothing has actually really happened yet, but that plan, on that little piece of paper is enough to persuade some buyer to fork out enough money for probably the biggest transaction of his/her life. That’s pretty cool.

Sell first. Build later.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: