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I'll definitely add that as a blog-post topic in the future. I can summarize a few lessons I learned here though: 1) just because people like using something
by modoc 18y ago
I'll definitely add that as a blog-post topic in the future.
I can summarize a few lessons I learned here though:
1) just because people like using something for free, doesn't mean even 1% of them will be willing to pay anything for it. High traffic/member numbers don't mean much unless you can monetize them, mostly they just cost you.
2) selling to a few large companies is often a much easier path than selling to thousands of individuals.
3) there are a million services that are provided almost exclusively by very large companies. Quite often they do a horrible job. There's a million opportunities there.
4) don't count your chickens before they hatch. Getting a 1/4 million dollar contract in a month, does NOT mean you'll get one every month.
5) if you start to make money, get an accountant/tax person. If you have contracts with fish that bigger than you, get an attorney.
6) don't rely on free/cheap stuff from so-and-so's friend. They could vanish and take your servers with them.
- lliiffee 18y ago> 3) there are a million services that are provided almost exclusively by very large companies. Quite often they do a horrible job. There's a million opportunities there. How do you find these opportunities? I guess there is no easy answer, or there would be a lot more startups, but if you have any thoughts, that would be great.