It sounds like you have a really good friend in Tennessee. I think if you pursue this further, you can still do it in Tennessee. I think that your current "customer" isn't really interested, and that it will not be hard to part amicably, or you can just try and give him what you promised from TN if he gives you what you're waiting on. The ball is in his court.
It is unclear why you have such expenses needed (3-4K in programming and server costs) but I'm guessing you aren't the programmer? I think you need to be the programmer for a situation like this, so you should probably spend some time working on that.
I'd mothball the idea, get a job, get your financial life together, and work on it in your spare time.
I'd absolutely, positively, take a good 2-4 week break from thinking or working on this project, once you have a steady paycheck coming in. Veg out playing video games or whatever you like to do in your spare time. You gotta recharge.
After doing that, if you're still passionate about this idea, then great, go for it re-charged and with a better perspective and firmer footing (and do it in your spare time). But if not then no harm no foul.
Definitely you need to tell your supplier that the original idea has not worked out, comply with whatever agreement you made with them an stop getting the feed for now and tell them that you're hoping to retool and have a more viable business model down the line.
I could have missed something or misunderstood something so don't take offensive if any of this seems inappropriate. But you gave it a good shot and if it is going to succeed you need more distance and perspective, and you should not try and kill yourself to make it work. The market is talking to you, and you need security and space and time to be able to understand what it is saying. (And I don't know what it is saying- it mihght be saying this is a bad idea, or that you might need to make a specific tweak, I don't know.)
Edit: I realize I didn't answer the original question. How would I monetize the info? Try and find a way to use it to help people lose weight. That's what I'd do. In fact, now that I think about it, I'd love to have access to the data to do exactly that.
It is unclear why you have such expenses needed (3-4K in programming and server costs) but I'm guessing you aren't the programmer? I think you need to be the programmer for a situation like this, so you should probably spend some time working on that.
I'd mothball the idea, get a job, get your financial life together, and work on it in your spare time.
I'd absolutely, positively, take a good 2-4 week break from thinking or working on this project, once you have a steady paycheck coming in. Veg out playing video games or whatever you like to do in your spare time. You gotta recharge.
After doing that, if you're still passionate about this idea, then great, go for it re-charged and with a better perspective and firmer footing (and do it in your spare time). But if not then no harm no foul.
Definitely you need to tell your supplier that the original idea has not worked out, comply with whatever agreement you made with them an stop getting the feed for now and tell them that you're hoping to retool and have a more viable business model down the line.
I could have missed something or misunderstood something so don't take offensive if any of this seems inappropriate. But you gave it a good shot and if it is going to succeed you need more distance and perspective, and you should not try and kill yourself to make it work. The market is talking to you, and you need security and space and time to be able to understand what it is saying. (And I don't know what it is saying- it mihght be saying this is a bad idea, or that you might need to make a specific tweak, I don't know.)
Edit: I realize I didn't answer the original question. How would I monetize the info? Try and find a way to use it to help people lose weight. That's what I'd do. In fact, now that I think about it, I'd love to have access to the data to do exactly that.