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No. 1 Mistake: Lack of understanding of the market and customer.
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DINKlife addresses the traditionally underserved demographic of DINK couples ("Dual Income, No Kids"), launching in May as the premier online destination for the community.
According to his entrepreneur assessment test (VEQ), Cory is good at thought leadership, marketing management and team motivation.
Little in life is more fulfilling than building something new that will help others
DINKlife, Qwiki, TaskRabbit, UpOut, TrunkClub
Entreneurship and innovation are by nature the boundless shaping of your own path. One could only be frustrated by a lack of ideas, which, gratefully has never been my handicap.
The rewards are just as boundless, defined by the individual and culminating in self-actualization.
Lack of understanding of the market and customer.
1. Plan to acquire more customers, partners and team members than you expect to need. Quantity is a multiplier on quality, without one of them you have 0.
2. Plan to spend more money than you expect to need. When you've never done something before, the odd critical component will be missed in planning.
3. Plan to consume more time than you expect to need. See #2.
Born and raised in the Dallas area, Cory gained his competitive edge as a powerlifter at the University of North Texas, shortly thereafter achieving his greatest claim to fame thus far - achieving the title of Texas Strongest Man (the plastic trophy doesn’t have his name on it, but we believe him). Cory cut his professional teeth as a citizen of the free standing country that is Accenture; learning to travel and spend per diems, and a work hard/work hard mentality that has stuck with him ever since.
Going on to work in a dizzying array of industries, and diving into everything from marketing to retail management to productivity consulting (he insists he’s sorry for that big layoff in 2003), Cory claims during the span of his career to have single-handedly sold at least 1 phone line, 2 hotel rooms, 97 strawberry and banana smoothies, and 19 full palettes of treated 4X6 redwood.
Having defeated all TX stereotypes - he rarely wore boots, wasn’t a fan of Keith Urban and owned a pickup for only a short time (and it was a compact) – Cory felt he’d done his part and departed The Republic with Katelyn, moving to downtown San Francisco in 2009 to start DINKlife. When not reliving the enormity of his accomplishments with the rest of us, you can find Cory fretting over the header size of a DINKlife email, enjoying a Chicago pizza over an 80’s action flic, or planning how he’s going to fit in his two-seater Nissan after this next pizza.
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DINKlife is the only lifestyle brand and resource for the second fastest growing life-stage demographic in the US: couples without kids - DINKs (Dual Income No Kids). DINKlife validates their unique lifestyle and helps them make the most of this time in their life.
- Growing market currently 30MM+ US, 130MM+ globally self-titled DINKs (Dual Income No Kids)
- 60% of US people will be part of a couple without kids in their life
- DINKlife built a business model around what DINKs need: ways to meet others like them, local deals and events, and lifestyle specific info/entertainment.
- Led by DINKs: 2 bootstrapping founders: combined 23 yrs. experience selling big brands & building business strategies (founder voted Top 10 Digital Marketer in 2011)
- Launched DINKlife.com BETA site May 2011
- Generating advertising revenue now with 120k+ visits, 2k+ members, & thousands of posts. Sales and subscription channels coming soon with new products.
- Tested and proven go-to-market strategy in place
Check out our video (released May '11) to get a feel for our brand...