(For example: )īut later realized that it was already taken.Īnd finally, the author and his team decided to keep .Īgain, it’s essential to check that you are not using a business name that is a trademark or is owned by another company. He made a list of some names along with his team.
If your business name is too common, then chances are somebody owns its domain. And when it comes to creating a website, they find that someone else has already registered that domain name. They spend hours deciding on a perfect name for their business. Often new Internet entrepreneurs make this mistake: And make sure that its domain name is available.
Lesson #2: Choose a catchy name for your business. Keep gathering unbiased data, and you will figure out what to do next.Īlso read: Before You Start-Up Book Summary. Got a big startup idea? Validate it first. I’m not saying that you mindlessly delude yourself. But when they listen to the experts, they lose all of their hope. There are always multiple factors that may result in an entirely different future that nobody had imagined or expected. The author says that nobody knows anything about the future. If you have data and the facts, proceed regardless of what anyone says. And those who had an internet connection might have faced many issues downloading movies. Imagine if Reed and Marc (founders of Netflix) gave up on their idea.īut Marc believed in his idea as the Internet hadn’t developed yet. The idea of selling DVDs sounded illogical to many investors as the newer technology was around the corner.Īnd the author faced quite a lot of problems due to this. That was also the time of the Dotcom bubble.Įveryone was talking about it in the same way people talk about crypto today. So people bought DVDs of their favorite movies. Today, we all enjoy various TV shows and movies while reclining on our couches, but people didn’t have fast Internet back then, around 1995-2000. If you don’t know, Netflix wasn’t always a subscription-based streaming service. He said that the plan to sell DVDs was rubbish. When the author was trying to get funding for Netflix, his idea was rejected by a potential investor who had a background in DVD technology. Opinions of so-called experts have killed many dreams. This book summary is a must-read if you have any digital business or plan to launch one.īecause in this book summary, I’ve shared fantastic business lessons that any digital business can benefit from.Īlright, so without further ado, let’s dive right in! Lesson #1: Trust facts more than you do opinions. How did Netflix raise millions of dollars and ultimately acquire millions of customers? Who were its competitors in the initial days?
How did the founders pick up the name NetFlix.Com? How to Fix Netflix Not working on Samsung TV? (TroubleShooting)
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