I’m all about trying out to new business ideas until I find out that works, so today I’m announcing that together with David from Financial Nerd, we are starting a blog carnival submission service.
You can check out more information on the page we have set up to both find out the details and sign up, but I want this and future posts here to be about the business creation and building process.
The Idea Behind The Business
The idea came about because I have been using a similar service, but didn’t like the idea of paying $240/year for something that I could do myself, and I was a bit underwhelmed by the service I was getting. It seemed like the value just wasn’t there. Going further, I could do this for other people and get paid for it. All we had to do is find a way to automate enough of the process so that it was still worth our time to do this for other people.
Each month, I was paying $20 to be included in about 3-5 carnivals a week. $1 per inclusion wasn’t enough for me, so instead of cancelling and simply getting no inclusions for $0, I decided to have something built that would be a one-time cost, but would save me money in the long-term. Of course, I could also use this to submit for other people, and there you have a business.
How We Are Better Than The Competition
I’m not the first person to have this service, but I am determined to have the best service out there. I am not looking to simply replace the service I was using, I want to crush it. Our service submits to over 20 carnivals (most are weekly, but some are bi-weekly and monthly). If even half of submissions are accepted, that’s double the value!
So I should charge double the cost, right? WRONG! I really want to wow people, and I want to do it at a great cost. So for now, the price is $20/month. If the demand gets high, I may increase that and the value will still be there, but the plan for now is to keep the price at $20 for the first round of signups.
I will be giving updates on our progress and also writing more about the details of our business and what it took to actually create the tools that we use. I love reading about the beginning of businesses, so hopefully you’ll all enjoy reading about it, too!
Readers, do you think we are pricing our service too low?