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The first thing you need to figure out is what went wrong? Did you get data on why your product didn't get enough traction ? Some ideas are features of other pr
by aespinoza 10y ago
The first thing you need to figure out is what went wrong? Did you get data on why your product didn't get enough traction ? Some ideas are features of other products and not products by themselves. You need to figure that out. The most important thing in entrepreneurship, if you ever want to be successful, is to learn from failures. So get data first. The data will tell you what to do. Maybe a little tweak to your business model might get you more traction, maybe the product is simply not a product. Get data. Talk to users. Figure out what worked and what didn't.
- nisthana 10y agoI have the data, lots of it. I have lots of learning. What I built was to help people get into college and career by connecting them with a role model in college or companies. It's a mentoring platform. What I found the hard way is that I cannot build a long term sustaining business out of mentoring. So investors did not want to get into it. The users used it only for to get one time advice from mentors and then never came back. There was nothing viral about it. I developed a good strategy to increase awareness of the product locally but failed to distribute it to the masses (I used Facebook Ads). If I had funds, I could have hired a growth hacker or a good marketing person to at least make people aware because if people don't know about it, they won't use it. The product is still running. However I cannot invest my savings any more on it. Job is an option (I am in Silicon valley so there are plenty). But its so hard to leave everything I've built behind and go back to working for someone else :-((