If it seems too good to be true, it probably is... I received a call from a company called Elite Marketing (or something like that). It started out with a recorded message, saying that I had been chosen to receive a free computer, digital camera, and cell phone. All I had to do to claim my prize was press one. Being the extreme skeptic that I am, I pressed one. A couple seconds later, the phone was answered by a man claiming to be a company representative. He told me that the only thing I needed to do to claim my prize was give him my bank account information, so he could charge me for tax and shipping. I asked him how the company could stay in business just giving away free products. What's the catch (besides having to give my bank account information)? He informed me that there really was no catch and said that the company was simply trying to give me free merchandise with nothing more to buy. At that point, my BS detector really went off. I told him that he was full of shit and hung up. He called back a few minutes later and cussed me out. I told him to get a real job; scamming people for a living is illegal and I feel sorry for both him and the people he was scamming. After a few more minutes of cussing, he hung up. I tried calling the police and the phone company where his line was registered (I looked it up online), but no one seemed to care. Oh well, I hope he gets caught soon.
Yesterday, Emily and I met with our Business consultant, Skip, from SCORE. He basically told us about everything our business plan lacks: a marketing plan, a carefully thought out break even point and various other business things we hadn't even considered. Our next meeting was with our accountant, Steve Cohn. He helped us immensely with basic accounting, business structure, licensing and tax issues. We flipped a coin to see who would be President and who would be Vice President / Treasurer. Emily won. And we thought of a name: Big Picture DVDs, Inc. Last night we played poker with my parents, sister, grandmother and Abe. I won.
Abe and my dad gave us a ton of suggestions and ideas. We should set our prices a bit high, maybe $25 per tape (instead of $25 per DVD, with as many tapes as would fit). A mall kiosk would be a good way to have a physical presence and attract customers, as well as reducing our marketing costs. The pick up / delivery idea would not work well, because we would spend most of our time on the road and ruin our cars. Finally, they gave me a long lecture on why I need a haircut. I should look more professional. People would not trust their tapes with a shaggy looking fool like me.
Today I had another meeting with the consultant, talking about more wacky business terms and local demographics. He arranged for us to meet with a marketing expert next Thursday. That should be very helpful. Em and I know the least about marketing, and according to Skip, we have a marketing driven business. The marketing person also teaches a class, and will sometimes use actual businesses for her class projects. Maybe she could use us!