Do you want to build a site that sells yoga videos?
Friday, March 28th, 2008I am looking for an investor who might be interested in seeing the creation of the best site on the web for yoga. The model for what I’m thinking of is iHanuman.
The business model is straightforward: many people fall in love with a particular yoga teacher, and they want a way to follow that teacher, even when separated by time or geography. Often, people will go somewhere far away, to attend a weekend yoga workshop, or perhaps they go to a month long retreat. When they get home, how do they continue to learn what that teacher has to teach? This web site aims to fill that gap.
I was the lead programmer on iHanuman. I learned some important lessons while building that site, and so I think if I had a second chance to build such a site, I could do a much better job.
For instance, there are some technical issues that can be improved. iHanuman was written in PHP, which does not support Unicode – the lack of that support makes it difficult to support text from other languages. iHanuman has had sales in Spain, Sweden, India and other countries. International language support is important. Therefore I propose that the new site be written entirely in Ruby on Rails. Since Rails supports Unicode, foreign language support will be easy.
Another lesson I’ve learned, both from iHanuman and The Second Road, is that finding a good team of writers is crucial. It’s writers that initially pull people to a site, build traffic, and draw the attention of other web sites, who then might link to you. It’s important to hire writers who already have weblogs with established audiences. One thing I’ve learned is that when you hire such writers, and they start writing on your site, they bring their audience with them. Thus, hiring such writers is the quickest way to jump start an audience for your new site. For a site that focuses on yoga, it would be important to hire writers who have already proven their passion for yoga, spirit and health. They’d need to already have reputations for writing well about these topics.
iHanuman cost about $50,000 to build. The new site could be build for somewhat less. I was a major part of the costs of iHanuman but for the new site I’d be willing to work for free, in exchange for equity in the final business. Also, a great deal of money was spent building the video player that is in use on that site, but the same player (or somehting similar) can now be used for free. [UPDATED: 05-01-08 - I've new information about this. The Flash player I'm thinking of is not free. However, licensing it, or something like it, would only cost a fraction of what it cost to develop it in the first place.]
I think to launch such a site would cost about $25,000. Some of that would go to design work, and some of that would go to hiring good writers, and a small portion of that would have to pay for a staffer who would actually add in the videos to the database.
Three things would have to come together for the new site to be successful:
1.) The right tech team (design/programming)
2.) The initial capital
3.) Someone with deep connections inside the yoga community
I believe I can take care of #1. Over the years I’ve worked with many talented designers and programmers, and I feel confident I could pull together the right team.
The ideal investor would solve both #2 and #3 but such individuals are rare, so I assume that #2 and #3 will be answered by different people. iHanuman was blessed with the dedicated committement of two people who both work as yoga instructors. The new site would need to be pushed forward by someone with a similar kind of energy.
The aim of any new site should be, simply, to be the best yoga site on the web. It should be a site that pulls together the best writers and the best videos. It should be a site that is broad enough to encourage discussion on all related fields: health, mind, body, spirit. The team that built iHanuman doesn’t seem interested in promoting it. The site has been up for 8 months now and nothing has been done with it. It makes a few sales a week, but I believe it has a vast, untapped potential. If you’re interested in seeing the creation of a site that captures the full potential of becoming a yoga mecca online, please contact me:
lkrubner at geocities.com [of course, replace the "at" with "@"]