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Your biggest business mistake.

So... what's the biggest 'oops' you did with your Internet business?

         

bobothecat

10:45 pm on May 15, 2006 (gmt 0)



This has got to be in the Top-Ten :)

Back in 1994 when I owned an ISP, and did some web consulting for a few Fortune 500 companies ( it was a lot easier back then ), I receive this call from a lady claiming to be a manager with the Dave Matthews Band... and immediatley told her that I'd never heard of them.

After hearing her story about this college band from Charlottesville, VA and how they were going to hit the 'big-time' - I proceeded to tell her that I was too busy, and wasn't interested in dontaing time to some 'unknowns', and wished the best of luck to her/them.

Guess the rest is history - though ironically, I still don't like their music, and feel much better off - though to this day it still seems like a big 'duh' in my life/business history.

basenotes

8:50 am on May 16, 2006 (gmt 0)

10+ Year Member



I've lost a few really nice domain names in my early days due to using a million different registrars and not keeping track of them

graeme_p

11:28 am on May 16, 2006 (gmt 0)

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I allowed myself to be talked out of setting up a dotcom in 1996.

Oh, it was a terrible business idea - but as things turned out, that would not have mattered.

Jane_Doe

4:20 pm on May 16, 2006 (gmt 0)

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)I receive this call from a lady claiming to be a manager with the Dave Matthews Band... and immediatley told her that I'd never heard of them.

This isn't web related but a similar story....A number of years ago my husband and I were celebrating our anniversary. One of our neighbors was a chef who had just moved to the U.S from Europe. He offered to make a special dinner for us at the resturant he worked at. We declined because the place was kind of expensive. So we went out for something like Chinese food instead.

A few years later, after we moved to another state, I was reading an article in a national magazine entitled the ten best chefs in America and our former neighbor was on the list. We felt like idiots for not taking him up on his special offer.

Essex_boy

6:37 pm on May 16, 2006 (gmt 0)

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Thinking the net was for kids and not getting involved soooner.

Losing several very good domain names.

vivalasvegas

7:27 pm on May 16, 2006 (gmt 0)

10+ Year Member



Not thinking long term when I started my online business and for years after. Although I've made good money I'm finding myself sort of where I started with all the Google algo changes.

BillyS

4:11 pm on May 17, 2006 (gmt 0)

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>>Thinking the net was for kids and not getting involved soooner.

Similar story here. I was using the net when Archy, Veronica, Jughead and Gopher were search tools. I knew it was going to be big, but I never realized the potential for me, individually.

pageoneresults

4:13 pm on May 17, 2006 (gmt 0)

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Losing several very good domain names.

Arrrggghhh! Yes, that was the very biggest business mistake I ever made when it comes to the Internet. I passed up the golden opportunity in early 1995 in favor of pursuing my traditional career. If I would have known then what I know now, I most likely would not be involved in this discussion. ;)

LifeinAsia

5:00 pm on May 17, 2006 (gmt 0)

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This was a mistake in the begining, but it seems to have worked out better for us in the end.

Discussing our business strategy with a potential partner/investor, we mentioned we had several country name-related domains as part of a future plan to expand internationally. I noted that the domain with China in it was already taken, so we used PRC (People's Republic of China) instead, although we didn't think it was a strong as the China domain.

A few months later, I happened to check the domain to see when it was coming up for renewal. Lo and behold! The ownership had charged. The new registrant was one of the companies owned by the guy we talked to.

After several weeks of trying to get a hold of the guy, we finally tracked him down and he admitted that he bought the domain from the person who had it. He didn't mention the price, not discuss any plans for it.

We were pissed about it, but finally decided there was no sense crying about and started to wonder how we could work with him. We figured it was a ploy to get us to work with him, since he didn't have the online know-how to do what were doing.

Several months later we were talking to his assistant who confided that his businesses weren't doing very well (as part of the overall .com crash). We asked if she knew of any plans to develop the China-related domain, and she said it was far down on his priority list before the crash, and now he had no plans to renew the domain. So we offered to buy it at the regular renewal rate. Other than about $40 in notary fees, we were able to get the domain at cost.

We have no idea how much the guy paid to get the domain. But we assume it was a lot more than we paid him for it. Since all of his businesses crashed and burned, we can't help but feel good about his karma. :)

Crush

5:55 pm on May 17, 2006 (gmt 0)

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Did not start spamming serps earlier. We always seem to start the new things when those in the know are moving on. We still make mistakes to this day from being lazy, ip's content etc etc.

JudgeJeffries

10:48 pm on May 17, 2006 (gmt 0)

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Not internet but the same theme as bobo.....being my University Social Secretary in 1970 and being out when Paul McCartney, Linda McCartney & Wings arrived un-announced intending to give a free show that evening. When they couldnt find me they moved on to the next university town..........

rocknbil

9:23 pm on May 18, 2006 (gmt 0)

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delete from records where id - 12345

instead of

delete from records where id = 12345

For those of you non-SQL savvy, this deletes everything LESS than 12345 rather than one record. Basically over 12,000 member records. Was walkin' tall that day . . .

Thank goodness I have the common sense to run daily backups, but we did lose a few records that day.

grandpa

12:21 am on May 19, 2006 (gmt 0)

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I'm sure this would also make a Top Ten list, if you knew the company involved. opps, sorry, it's not internet business Anyway, I was attempting to develop a query. I knew it would require a lot of time, so I scheduled it to run in the early hours. At about 3:30 am our AS/400 shut down, after running the query about 30 minutes. We had it back up and running by 8:00, nothing was damaged and a lot of memory was free again. Dang logs pointed right to me, too. Blah.

bobothecat

12:30 am on May 19, 2006 (gmt 0)



Dang logs pointed right to me, too. Blah.

That's too funny - and a definite 'go figure'. :)

Essex_boy

4:00 pm on May 20, 2006 (gmt 0)

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A mate of mine once shut a large furniture firm where he was on work experience.

Apprently he tried copying all the systems file in to one folder.

didnt work there the next day or the next.....

maccas

4:11 pm on May 20, 2006 (gmt 0)

10+ Year Member



Let a perfume comparison/review site go down the toilet, was getting 4-5 reviews from the public per day and ranked in the top 10 for just about every perfume there is. This was back in the day when I didn't know any php/mysql and updating the prices each week took about 10 hours of replacing, cutting, sorting etc I just got sick of updating and 4 years latter my rankings/traffic are pretty much non existent. I really should of built up a community and hired a programmer.