Levels - Turning side project into startups [raw]
2018-02-09
- travel is expensive, need money
- depressed when going back home bc no more money
- shovelling allows to cope with depression -> 12 startups in 12 months
- nomad list was a shared spreadsheet by mistake, now big website, crowdsourced, now 20k/month
from nomadlist bootstrapped remoteok, 10k/month
framework:
- have idea, build it, launch it, grow it, monetise it, automate it, exit
idea
- has to focus on problem you have
- having the problem yourself makes you an expert in it
- go do crazy, original things to cross cultures and become original yourself
- make an idea list
- do it yourself. learn to code, etc.
- idea x execution = business
build
- learn to code
- typeform, no code required to build form and receive payments
- max 1 month for prototype. need to learn by lauching
launch
- most important step, get users and validate
- producthunt => very important, time to launch is important
- talk with people. be honest, don't be marketing
- hackernews is very critical but good too
- reddit is very big. mainstream launching platform. no spam, no marketing, be honest
- find good subreddits
- might make it to frontpage. careful about load from fp
- go to niche forums and other discussion boards
grow
- traffic will drop after first spike of traffic
- non organic traffic doesn't work. don't do it.
- organic growth == people actually like your website
- don't pay for ads, everybody has ad blocker and traffic phases out when you stop buying ads
- organic is harder but better. if you dont get traffic means your product is not good enough
- get feedback from users and build with them, users will become ambassadors
- use email list for reengagement. Don't spam
- build your startup in public, live stream. trendy and very efficient
- keep launching
monetise
- get the first dollars asap
- sell something, or patreon
- can get money first to gauge interest
- subscription, to allow compounding income
automate
- anywhere from 180-700 robots doing regular tasks
exit
- important to be able to move on