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Web 2.0 Workbook

Web 2.0 Workbook

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Published by johnchen88
The 6 Secrets to Make Big Money Fast with Your Own Web 2.0 Site_a step by step guide to start your own Web 2.0 business with a shoe string.
The 6 Secrets to Make Big Money Fast with Your Own Web 2.0 Site_a step by step guide to start your own Web 2.0 business with a shoe string.

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Published by: johnchen88 on Mar 12, 2010
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05/12/2014

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The6 SecretstoMake
Big 
Money
Fast 
 
with Your Own
Web 2.0 Site
 
John Chen
 
1
http://www.web20startup.com
Web 2.0 Workbook 
1.
 
Find Your Hedgehog Concept and Register YourWeb Domain Name
Find Your Own Hedgehog Concept
 In
Good to Great 
, Jim Collins introduces the Hedgehog Concept. He
describes it as “a simple, crystalline concept that flows from deep
understanding about the intersection of the following three
circles…1. What y
ou can be the best in the world at (and equally
important, what you cannot be the best in the world at)…2. Whatdrives your economic engine…[and] 3. What you are deeplypassionate about.”
 Before launch your own Web 2.0 business, spend some timeanswering the following question in order to find the intersection of the 3 circles:Identify the things you are
passionate
about:1). What are those things that you absolutely love doing?2). What activities cause you to be in a flow state; where you losetrack of time?3). What are the things that you enjoy doing the actual process, for
it’s own sake?
 4). What things do you choose to do in your spare time? What areyour hobbies?5)
. What would you do even if you weren’t going to get paid?
 What do you volunteer to do today?6). What are the things that you brag about the most, or thestories that you re-tell the most?Better understand your
skills and strengths (you can be the Best
)1). Is there anything you feel you were simply born to do?2). Are there things about you that impress others but you take forgranted?3). What are the areas that people say, wow, you are really greatat this?4). Are their skills that seem to come easy to you while othersoften struggle?
 
2
http://www.web20startup.com5). Are there things that bug you about others? This can oftenprovide a clue about our own strengths and weaknesses.Evaluate your
economic engine
(You Can
Get Paid For):
 1). What can I do to provide value to my company or tocustomers/clients?2). What needs exist that my talents would satisfy?3). Am I paid fairly for the expertise and value that I currentlyprovide to others?4). Is the service or job I perform unique to me or is it a commodityin the market?5). What are the key measures that would help me understandhow I am doing when it comes to my economic engine?The
intersection of the three circles
is where you are doing what youare passionate at, what you can be the best in the world at, and whatearns money for you. This is the area you should launch your ownweb 2.0 business.
Register Your Domain Name
:Once your find your own hedgehog concept and decided the areayour web 2.0 business, the next step is to register your websitedomain name. Here are some tips on choosing the best domainname:1) Have a list of possible names ready when you visit theregistration sites such as goDaddy.com, register.com. Enter thename or phrase of the domain name you would like to register.Search for the name. If the name is already taken, enter a new nameand search again until you find one that is still available.2) Choose a domain name that is short and easy to remember.Don't register domain names that are too long and have too manysyllables.3) Protect your name by registering multiple extensions (.com,.net, .org, etc.) This deters people from copying your name.

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