Blog


Minimal Viable Product In Beta
Idea Incubator
Current Product Strategy
Progress Update
Requesting Help
Gret Advice
Update
Progress
Revenue
Branding
Introduction

Minimal Viable Product In Beta
Just started beta testing the minimal viable product. It's just the minimum and some fine-tuning will be needed as well as adding more features. Things are heading in the right direction.

Kevin Carr :)
Founder, SnapMedia


Idea Incubator
I have finally graduated from an idea incubator. I has helped my business tremendously over the past 14 weeks. I did a lot of learning, failing, and fine-tuning. There are many memorable moments, vital lessons, and I have some feedback to offer from my experience.

On of the most memorable moments was finding failure. When working on my project one of the assignments was to find similar companies that have failed. Thinking that I had a unique idea I didn't imagine there would be any or much failure to be found. But, there was lots of it. I even found a company that tried something very similar and over the past two decades continue to fail at their effort. I am glad I ran into them and others that are brand new to giving it a try. So, at that point I shifted my revenue model thus tweaking the idea just a little.

One of the most vital lessons that I focused on is testing. When building my prototype and marketing it I am constantly testing to make improvements.

One of the best experiences is working in a groups. Everyone in each group is working on a different project but we share the basics. This gives us an opportunity to pitch our project and get feedback. It also allows us to learn more about other projects and give feedback.

Kevin Carr :)
Founder, SnapMedia


Current Product Strategy
Something that I believe in is testing. Recently the idea came up to test US producers and buyers vs non-US producers and buyers to see which has the greater demand.

Over the past few days, using paid search, the demand for non-US traffic coming to the website is being tested. This isn't an exact science since I have no products for sale so when a buyer comes to the website to buy one of my 500,000 videos and finds none for sale it isn't that easy to get someone to sign up. But, some are signing up and I am finding that the CAC is costing almost 20% less to make happen. And, while the results are still coming in, I can see that acquiring producers will come in at 50% of the current user CAC.

This idea came partially due to an article titled

Kevin Carr :)
Founder, SnapMedia


SnapMedia Progress Update
Lots of feedback and advice has been sent in over the past few months leading to a much better overall solution. Here is what it sounds like in two sentences:

SnapMedia is developing a smartphone camera app that records video and uploads it directly to a stock video marketplace. The video will require no editing, will automatically create its own keywords using image recognition, and upload itself to the marketplace and for sale immediately.

Here is a status update on how things are coming along:

Product - A clickable app demo has been created and a 'test marketplace', or demo website, has been created as well.

Team - Hiring a freelancer to fill the 'test marketplace' with products (stock video).

Traction - There has been overwhelming support for a stock video app such as this. And, due to the suggested price of $15 a video, plenty of potential buyers have visited the website.

Funding - There is now a list of potential investors that has been created. This is where the seed funding will come from to bring this idea to fruition.

Kevin Carr :)
Founder, SnapMedia


Requesting Your Help
I hope you are having a great New Year! Here is an update on the progress for SnapMedia.

I am creating a smartphone camera app that records video and uploads it directly to a stock video marketplace. The video will require no editing, will automatically create its own keywords using image recognition, and upload itself to the marketplace and for sale immediately.

Here is a link to my clickable prototype: https://invis.io/ZVF8F2CTH#/271429581_Home

As I develop this app I plan to monitor my progress by measuring 1) the number of features released, 2) the number of bugs found and fixed.

Let me know if you have any advice or feedback on my smartphone app and clickable prototype.

Kevin Carr :)
Founder


Great Advice
Just want to update you on the progress for SnapMedia.

We are proud to be working on a solution that will create the most streamlined experience for creating stock video. Stock Video Producers will find that our methods will become the new normal way of producing stock video. We have created some aggressive growth plans for 2018 and look forward to a prosperous 2018 for everyone.

Also worth noting is the great advice given by David Ochi and Dick Teno. Together they have both been a huge help in 2017 to help make SnapMedia a reality. Their great advice will be very helpful in 2018.

Anyway, stay tuned to hear about more progress next week.

Kevin Carr :)
Founder


Progress Update
Just want to update you on the progress for SnapMedia. We are working with Stradling Law Firm to incorporate and it has been a learning experience.

Some of the most interesting things I learned during the process: First of all, even as a startup there is still a lot of paperwork and forms that need to be filed and created. It makes sense to do this with an attorney one time and early on rather than work on it many times over a period of time. Something else interesting is the difference between common stock holders and preferred stock holders. There are many differences and the ones that stand out in my case is that common stock holders elect the board of directors and will be able to vote on things requiring a vote. Preferred stock holders are more like bond holders and have less risk of losing their investment. And the fees to incorporate aren't that expensive.

Anyway, I'll keep you posted with the progress next week.

Kevin Carr :)
Founder


Progress
Last Monday I presented my stock video marketplace idea to two groups of mentors. It was a 3 minute pitch outlining the problem, solution, market size, how it makes revenue, competition, etc. Anyway, I passed the mentor idea review.

Some of the feedback I received was to be clearer that I am creating a marketplace where stock videos are bought and sold. Another piece of advice I received was to explain what stock video is, who purchases it, and why they purchase it. I'll incorporate these items into my next pitch.

So, my objectives for the reminder of the program are to incorporate my business, build the solution, and get funding to help it grow quickly.

What do you think about the progress I have made so far? I would love to hear your feedback.

Kevin Carr :)
Founder


Revenue
I received quite a bit of feedback on the name of the company. So, it has been changed from 'internetusers' to 'SnapMedia'.

I am developing a stock video marketplace to help smartphone users get paid for recording short videos by allowing them to easily record directly to the marketplace (eCommerce website).

Buyers of stock video footage will shop the website just like they do on a Walmart.com or Target.com type of eCommerce website. Half of the revenue will go to the producer of the video and half to the marketplace.

How does this sound to you?

Kevin Carr :)
Founder


Branding
For the past week I have been working a name for my company. I picked "internetusers" a couple of weeks ago but wasn't sure if I'd keep it. Now, after a lot of research, I am planning on keeping it and want to get your opinion. Let me know how this sounds to you:

My company, internetusers, is developing a stock video marketplace to help smartphone users get paid for recording videos by allowing them to record directly to the marketplace.

My service does things that others do not such as: directly recording onto the marketplace and a chance to get paid for videos taken with a smartphone.

Well, let me know what you think of the name please.

Kevin Carr :)
Founder


Introduction
I want to get your advice. I am creating a smartphone app that allows amateurs to record anything they see and put that footage up on a stock video marketplace website. Yeah, people and businesses buy stock video footage. Anyway, this will give people a chance to get paid for recording the things they see.

To help me with this I am getting the help of Founder Institute which will help me with a plan of attack on this project.

The problem I am trying to solve is that most videos recorded with a smartphone are not shared on social media. My surveys and interviews tell me that people would share their videos if 1) there were a chance to get paid, and 2) if sharing were super, super easy.

I want to solve this problem because there is a huge unmet need.

Does this seem like a problem worth solving? I mean, let me know some of the problems that you foresee or ways I can improve.

Kevin Carr :)
Founder