DCWeek inspired me to do something. It inspired me to take one of my ideas, and finally do something with it.
Back in 2007, I had just finished planning an event. It was awful trying to find a venue. So I thought, why isn’t there a website I can go to, enter in all my information, and have it blasted out to the venues so they can come contact me.
I bought a bunch of domains, BanquetHallFinder.com FindAPartyPlace.com FindAPlaceToParty.com and the like.
Then, I let the domains sit there, and the idea ruminate. I didn’t act on it.
This week I went to DCWeek, and I saw a lot of ideas in the event market space but none that addressed the problem of finding a venue. Recharged, I came home tonight with a plan to put FindAPartyPlace in motion.
But then I recalled something I heard just hour earlier. Maybe the competitive landscape had changed. So I checked with the goog, and sure enough, in about 2010 (by domain records) about 5 companies popped up to do exactly what I had thought of.
Moral of the story? If you have a good idea that fills a gap that isn’t filled, work on it immediatly. Otherwise, instead of an innovator, you’ll be a competitor, and that’s a tougher (but not impossible) role to be in.
I’ve got so many other ideas, that competing in the marketplace doesn’t make sense for me. So if anyone wants a fun FindAPartyPlace.com domain, let me know. Going cheap!