Your business idea sucks

I get pitched business ideas all the time. Some I think are great, some I wonder how many cocktails the person had before coming up with the idea, some I think are a great start looking for a unique twist and others I think downright suck.

Recently I was introduced to Fiverr by Lara Solomon (@LAROO). The simple premise of the site is that there’s a whole bunch of people there who’ll do things for $5. Some of them border on the bizarre (I’ll be your Facebook girlfriend for a week and make all your friends jealous) but many seem, at first glance, like they could actually be useful (I’ll design you a custom MySpace profile).

Long story short, I’ve become a bit of an overnight fan of this site, tweeting my little heart out (@kirstydunphey) about it after having purchased three different things yesterday and already receiving my first job (five photographs put on transparent backgrounds for @Baby_Teresa) done perfectly and in around an hour after I booked and paid my US$5. We’ll see how my cartoon and video, currently on order, go.

My point is not to rave on about Fiverr though – despite how novel and great an idea I think it is.

My point is that if the people who started Fiverr had pitched the idea to me – I might have told them it sucked.

My first thought would be – who would do anything for $5?

And of course, I would have been wrong (check out the site to see how many people are prepared to do a wide range of things for $5!)

So the next time someone tells you your business idea sucks, tell them to bugger off! It doesn’t matter if everyone doesn’t “get” your idea. It matters that you see a market, it matters that you have a vision and it matters that you’re prepared to get off your butt and do something about it.

PS. if the guy who started FedEx had listened to his college professor he may never have started that either.
PPS. And here’s my video which has just arrived (bear in mind it only cost a fiverr!)

Kirsty Dunphey is the youngest ever Australian Telstra Young Business Woman of the Year, author of two books (her latest release is Retired at 27, If I Can do it Anyone Can) and a passionate entrepreneur who started her first business at age 15 and opened her own real estate agency at 21. Now Kirsty does lots of fun things which you can read about here. Her favourite current projects are Elephant Property, a boutique property management agency, Baby Teresa, a baby clothing line that donates an outfit to a baby in need for each one they sell and ReallySold, which helps real estate agents stop writing boring, uninteresting ads.