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Well, if you focus on building a product with retention and low operating costs baked right in, you can really grow a big business with little capital or head c
by yesimahuman 13y ago
Well, if you focus on building a product with retention and low operating costs baked right in, you can really grow a big business with little capital or head count required. Imagine signing up 10 people every day at $20/mo. After a year you've accumulated at most $73k per month in recurring revenue. Of course you won't retain everyone, but if you can retain a good amount of those customers, you could easily build yourself a $1M business just on your own.
- gnaritas 13y agoOf course, but the issue as always is where are those niches, what do people need that's simple enough to be built by one or two people? How does one find such a niche? I'm a developer and thus practically by definition I can't think like my customers, things that might seem easy or worthless to me might not be to someone else, or maybe not. Having a SaaS product with monthly subscriptions would be my ideal, but you gotta know what people want and will pay for and how to find them.
- yesimahuman 13y agoWell, I think the trick is to not think in terms of niches. A great way to start is to find something people already use, and then make it better. The trick is it should actually be better, otherwise it'll be a crappy clone. Then, you are entering a market where people already pay for stuff, and they can hopefully understand why yours is better. If you get their attention, you have a good chance of starting to build a subscriber base. Being unique and new is great, but it's a incredibly tough way to get off the ground.