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How Seth Godin would launch a business on a $1,000 budget
- fairpx 9y agoNicely summarised steps. We went through the exact same process to launch our business. Tip: If you want to spend less than a $1000 bucks and launch even faster, start with a service instead of a product. That's pretty much exactly how we launched our business. Took us less than a $100, and grew to $10k/mo relatively fast. I wrote a tiny [1] summary about it on Reddit last week [1] [https://www.reddit.com/r/Entrepreneur/comments/6wz5d5/10kmrr_in_3_months_i_have_nothing_to_sell_you/ https://www.reddit.com/r/Entrepreneur/comments/6wz5d5/10kmrr...]
- justboxing 9y ago> If you want to spend less than a $1000 bucks and launch even faster, start with a service instead of a product. Took us less than a $100, and grew to $10k/mo relatively fast. Agreed. SaaS, done right, makes money while you sleep.
- fairpx 9y agoTotally. However, when you start as a service, you can quickly get cashflow and use that money to self fund your saas dev. Once your SaaS starts growing you can decrease and maybe at some point kill the service part of the business (or keep it around as a premium upsell). It's the best way I know to bootstrap a business without having to live on ramen.
- glibgil 9y agoA better guide would be how to launch a business on a budget of 45 minutes a day. I'm sure that's the bigger challenge for most of us
- 1337biz 9y agoThis! Time is so much more valueable than $1k.
- zeep 9y agoOr maybe it's "the someone" that would tell you how to spend your free time and money that would be more valuable...
- Jugurtha 9y agoGreat idea. "The first 100 hours: systemd-analyze critical-chain" or something to that effect.
- ianai 9y agoTime really is a hard constraint. If I could dial back my full time commitment to 30 hours per week I probably would have finished that iOS app side project.
- csallen 9y agoI like this idea. Added it here to my list of ideas for useful and interesting articles: https://www.indiehackers.com/@csallen/ideas-for-articles?nocache=3 https://www.indiehackers.com/@csallen/ideas-for-articles?noc... Would love to hear more of your suggestions!
- pavel_lishin 9y agoI think csallen is marketing with us, you guys.
- deleted 9y ago[deleted]
- toomanyrichies 9y agoAgreed. With so many different "growth hacking" strategies out there already, the "45 Min/Day" idea would really help to clarify which priorities should come first.
- imarg 9y agoOutsourcing. I 've been a wantrepreneur almost a decade now (although the last couple of years I have almost accepted defeat) and what I have realized is that if you can't find the time then probably outsourcing is the best solution. That or start small. Really small.
- 1337biz 9y agoDepending on the job but finding the right people to outsource to seems sometimes more work than actually doing the project myself.
- imarg 9y agoYou are probably right. I must admit that I have actually never outsourced anything. But it seems to me this is the way to go. Maybe the problem of finding the right people to outsource to, is actually a business idea? Not like the existing sites like odesk (they are called upwork now?) are providing but something like a curated list of people of various disciplines to outsource to?
- devrandomguy 9y agoMight be worth checking out the various issue-bounty setups, like Bountysource. Focus on documenting the design of your MVP in a public Git repo, then file issues with a bounty on them to get tasks done. As soon as you have something working, you can "Show HN" for a blast of dev publicity. If you are looking for small scale funding, without getting into a VC situation, then you could encourage supporters / users to contribute on issues that they personally care about. This sort of requires you to open-source your project, but maybe you can isolate the secret sauce in one tiny little backend service? Or, maybe the true value of your startup isn't in the source code, but rather in relationships with / between users, in which case you don't really need to worry about someone scooping your work with a simple `git clone`.
- isalmon 9y agoAssuming it's because you have a full-time job that takes the majority of your time: 1. Cut your expenses 2. Go to your boss, negotiate working part time 3. Use this time to start your side project 4. Make sure you don't use you company's equipment, make sure you don't work on your project during the time you're supposed to do your regular work.
- rabidrat 9y agoHave you successfully followed this plan? It seems to have a couple of holes in it. I tried #2 at 3 separate jobs over 10 years, to no avail. Best I got was "does it have to be on the books?" i.e. I could call in sick or take random afternoons off and my manager would look the other way. If you are in demand, companies want you to work more, not less. I was, however, able to negotiate 80% time at my last job, because I made it a condition of my employment before I started working. But that was a hard sell too. In particular they wanted to make sure I was not going to be moonlighting with my extra time. I don't agree with that attitude (my personal projects certainly take a lot of time and energy, even though I'm not making any money with them), but that's how the market works, even for a software engineer.
- isalmon 9y agoI have. Built a multi-million dollar company this way.
- bostonvaulter2 9y agoCan you explain more? I'm interested in the full story.
- isalmon 9y agoI will definitely write something about it one day, I just think it's a little bit prematurely.
- crgt 9y agoI also have done this. When companies reach out via recruiters, it never hurts to ask for what you want. Worst case, it's an easy screen; best case, you get what you want..
- a-saleh 9y agoUnfortunately I realised that my brain just doesn't work that way. It seems that for any meaningful, productive work I need at least hour and half. On smaller budget I can only do chores, i.e. pay an invoice or answer a trivial email. As if there was some weird rule stating "if you can't complete a thing in 15 mins, it will take you at least an hour" For harder work, I need 3 hours and quiet. 4 hours seem to be the most efficient time chunk anyway, and after that it starts sharply falling (usually there is little difference if I work for 6 or 10 hours straight)
- jacobevelyn 9y agoI am exactly the same.
- mikekchar 9y agoI think it's a matter of practice. I experimented with trying to do a long kata (the old Core Wars game) one pomodoro a day [0]. I didn't finish it, but I managed 66 pomodoros. I kept a detailed TODO list and I was really surprised that I could maintain a fairly decent pace. The link has Asciinema videos of every Pomodoro I did. It's painfully slow watching me type, but if you use the ">" key, you can speed up the video (3-4 times seems about right). At the beginning I had difficulty getting much done, but by the end it only took me about a minute to get into the zone. I think the other main problem I had (which culminated in me not continuing) is maintaining a regular schedule. 1 pomodoro a day doesn't seem that hard to do, but sustaining the pace over the long term was pretty difficult. I ended up skipping lots of days (sometimes going a week between pomodoros) and finally gave up. One of these days I'll learn how to overcome that problem :-) [0] - http://mikekchar.github.io/core-wars-kata/ http://mikekchar.github.io/core-wars-kata/
- travisjungroth 9y agoYou spent 30 hours on a coding problem? How big was this thing?
- mikekchar 9y ago
- clemParis 9y agoThe interesting thing being that he didn't do any of the things he says he would do (so, maybe despite all his best undercover efforts, things would fail !), yet people listen as if the messiah was talking.
- deleted 9y ago[deleted]
- kevmo 9y ago"We, marketers, are selfish, lying, short-term thinking scum. We believe that our job is to manipulate people as we market to them." The book Propaganda by Edward Bernays is an excellent read about how to think long-term about marketing. Define your ultimate goals -> dial out several levels and think about what conditions drive people to participate in those goals -> work to create those conditions. Interesting to think about how to do it in conjunction with "focus on the tiniest audience possible."
- raldu 9y agoPropaganda is the exact opposite of what digital marketing is about. In fact, the provided quote from the article is supposed to highlight that the "time for propaganda is over" in an ironical way. Propaganda is the way of the TV, shouting, manipulation, disruption, etc. Focusing on a defined audience, on the other hand, is the way of the "new" marketing that Godin (an the article) talks about. Therefore attempting to think about "the tiniest audience" in conjunction with "propaganda" terms is going to be unproductive; because in propaganda, "everybody" is your audience, not a defined segment.
- kevmo 9y ago"In propaganda, "everybody" is your audience, not a defined segment." Everybody _can_ be your audience. Or a group of 1,000 can be.
- frgtpsswrdlame 9y agoSeems like fluff junk. I've noticed a lot of these indiehackers posts are either a 1000 word post that could be distilled to a few bullet points of common sense or are just extrapolating on survivorship bias.
- countryqt30 9y ago1) I think the blog article is really worthwhile reading, and a bullet-point only list is at the end of the article. Please keep it that way! 2) Yes, this ENTIRE SITE IS 100 % survivor bias - it shares the success stories of startups, nothing else! :)
- ljf 9y ago@countryqt30 - looks like you were shadow banned about 200 days ago - might want to ask a mod why, as I can't see anything bad IMHO - but I didn't look hard.
- thanatropism 9y agoSo I spent a few days mesmerized by Jocko Willink, the ex-marine turned motivational coach until I realized all of these people are saying the same: stop daydreaming and keep doing something until it hurts and then continue some. This is obviously survivorship bias. Everyone who has gone out and achieved success has started by starting. There is no success story that starts without this initial spark and usually a lot of hard work. But all of these are necessary not sufficient conditions. This (again) goes down to the nature of skill: even in technical or service roles, etc. much of how we go about our jobs (sufficient conditions) is implicit and nonverbalizable; moreover because that, we can't peel our skills to their "core", to their necessary conditions. We clumsily apply an abundance of skill to get by. This is compounded in the case of entrepreneurs by the fact that besides not being fully aware of what their magic sauce is, they can't also cleanly decompose what was blind luck and favorable timing from the moxie they brought to the table. --- Summary for nihilists: every lottery winner starts by going to the store and buying tickets and following the draws and praying a lot and at times cursing at God in the rain at midnight. This is the nature of great achievement.
- 9y ago
- stevenj 9y ago>How do you get the word out about your product or service if you have only $1,000 in the bank? In the words of Seth Godin, "by giving people an abundance of confidence which will create an abundance of value and all I’m asking in return is to be trusted." The quoted part from Seth Godin sounds like it goes against what the author stands for, as it sounds very salesy.
- wheresvic1 9y agoI'm actually wondering how to market the medium post that I wrote that delivers value - seems a bit of chicken and the egg problem.
- WA 9y agoExactly this. Same as "build a side project as a marketing channel for your main thing" – as if that side project markets itself. People seem to assume just because something is free, it automatically reaches a big audience.
- jaf656s 9y agoIn the actual interview, he says the only way to really learn marketing is to market something. So write the medium article and try different ways to get people to read it. Most people don't know how to do the latter and give up before even starting.
- DizzyDoo 9y agoI started my business with less than $1000. I worked a full-time job and built my first video game product (http://store.steampowered.com/app/386900/The_Cat_Machine/ http://store.steampowered.com/app/386900/The_Cat_Machine/) by waking up earlier in the morning to get an hour or two in before my 'real' job, and working Saturdays, and doing that for a year. I found customers by putting an enormous about of effort into marketing, and finding only some of it paid off (but what did, really worked). Obviously, having a comfortable day job and not having familial responsibilities lowers many of the risks of starting a business, I'm not sure how I would have approached it had I a family or less secure employment. The biggest expenses were commissioning a composer friend of mine to produce an excellent soundtrack, and licensing a couple of pieces of development software, but that was <$1000. That product has funded my current product, so it's still early days for my business, I'm only a few years into this. I feel like product one taught me so, so much, and product number two has been a similar learning experience. I'll probably know what I'm doing by my sixth or seventh game!
- schnevets 9y agoI know someone who has written two hugo-nominated sci-fi novels, but otherwise lives a typical 9-to-5 work life. I finally asked how he gets his writing done and learned that he wakes up at 5am each day. According to him, "the first thing you do every day is the most important thing".
- DizzyDoo 9y agoOh, I absolutely agree! I'm definitely an early morning sort of person, and when you're a self-employed, self-directed programmer, that feeling in the day of 'getting going', digging into a good chunk of work with free hours stretching ahead of you, that can't really be beaten. So I do get up earlier, and start work earlier than most, but I don't start the day with news sites, or emails, or twitter or anything like that. At best, it distracts from getting the work-day going, and at worst, it introduces an awful lot of negativity. Took me a while to figure out, perhaps it's more obvious to others, but a truly 'quiet' first few hours in a day is very beneficial to me.
- dsfyu404ed 9y agoStep 3 is where most businesses fail.
- idlewords 9y agoSeth Godin is a marketer and talented self-promoter. His job (which he does well) is to write pithy stuff that captures your attention. This is an agency problem with a lot of business advice. The people who really know how to launch a business on $1K are almost never the ones writing about how to do it.
- gist 9y agoThis is exactly true. His super skill is self promoting and capturing attention. He has definitely done well at that. And sure it's possible that he could start a business on $1000 but quite honestly I am not sure that is even a good yardstick anyway. A good business could take much more to start and in business you wouldn't never arbitrarily limit yourself in that way anyway. Not sour grapes either. I started a business years ago with roughly $2000 (let's say it's $6k in today's dollars) that I had saved up. Made money, sold it and it's still operating to this day many years later.
- newbear 9y agoWhat is it?
- gist 9y ago> Seth has published 18 books and is regarded as one the best marketing minds alongside Ogilvy or Tim Ferris, so he doesn't need to be in the trenches anymore. I hate statements like this ie 'best marketing minds alongside Ogilvy..'. Who considers Seth equivalent of David Ogilvy or anything close? That's really quite ridiculous actually. Oh yeah and Tim Ferris is certainly no Ogilvy either. Ogilvy built a world renown career in advertising. Seth wrote books and started a small company that doesn't even exist anymore. He may have some good things to say but he is certainly not in the league of a David Ogilvy. Lastly ideas and 'how I'd do it' don't matter as everyone knows. You can have tons of ideas a new idea everyday. Not even trying to implement the idea and just being interviewed about it is like hypothesizing how you'd pick someone up in a bar or win the Olympics.
- erdle 9y ago100% Ogilvy is a God.
- Heraclite 9y agoI really enjoyed this article. Any news aggregator where I can find similar articles? (HN for marketing?)
- sogen 9y agoGrowth hackers
- ChanningAllen 9y agoWe publish a few marketing articles a week at Indie Hackers, and that rate will only increase as we attract more authors. I'd suggest either checking in with our site a few times a week or subscribing to our newsletter.
- ansek 9y agoAlways wondered why marketing gurus couldn't create any big companies. They write about people psychology, how to sell, how to create hypes and go viral plus they have the network of investors, CEO and brands. And yet, they're not the people behind behemoths like Stripe, AirBnB, Uber - you name it - nor smaller cool companies out there.