The single necessary and sufficient condition for a business, says MIT’s Bill Aulet, is a paying customer. https://stripe.com/atlas or use a paypal button. Adapt this mentality. No investor will ever give you money. Make sales. Learn. Adjust. Repeat. Good Lucky! ;-)
Ask HN: Ok. I have the MVP. I have a small feedback. What is next?
11–20 of 55 posts
Re: Ask HN: Ok. I have the MVP. I have a small feedback. What is next?
#12One, it's your thread. So, it's fine if you post the link. Getting feedback is important. Second, get some Linkedin/Facebook/Google ads running. Get some more people to your site. IMO, one of the biggest problems is having a small audience for feedback. If your conversion rate is say 1% then you barely have 1 user. So, go big or go home. Third, I believe there will be tools out there to help with other stuff like c-c…
Can you share some of the tools besides the stripe's atlas?
If you are wondering the landing is https://goandcall.me. Idea is to let you create the link or widged to your own phone and let your customers or visitors call you without any plugins or additional software. Just from the browser. As well as give you the ability to manage links and numbners different ways (activate\deactive, schedule, etc.)
Re: Ask HN: Ok. I have the MVP. I have a small feedback. What is next?
#13> 1. Does the project on the right stage for searching for investments? Don't worry about investment - focus on getting your first paying customer. Build a business first, then get investment when you need it to grow. You'll also have more leverage in the terms if you have a viable business when talking with investors.
Re: Ask HN: Ok. I have the MVP. I have a small feedback. What is next?
#14easy way: 1. register llc in home state. 2. goto local bank with registration paper take it to local bank to get a commercial bank account. 3. pay money later to fix problems if investors are interested.
Re: Ask HN: Ok. I have the MVP. I have a small feedback. What is next?
#15First of all, congratulations to you and your team on coming this far. 1. No. Investors will want to see product market fit, size of opportunity, growth potential. Without true and paying customers (people you don't know), this is too hard to claim, so even most angel investors will consider the current state too early. 2. An angel investor would be able to assist you with company registration, however you can also d…
Although this is true, I would seriously advise the founder to get his own (trustworthy) lawyer assist him through the process, as with everything related to incorporating the company (ownership and investment structure).
Re: Ask HN: Ok. I have the MVP. I have a small feedback. What is next?
#16easy way: 1. register llc in home state. 2. goto local bank with registration paper take it to local bank to get a commercial bank account. 3. pay money later to fix problems if investors are interested.
Not in the US... Thinking of stripe's atlas. But scared of some hidden things\taxes
If you use a payment provider (like Stripe, which is awesome!) you'll be able to charge people from the US just the same without going straight to tax hell.
Sell, sell, sell. Worry about LLCs and US bank accounts and EIN numbers later.
More: https://hackernoon.com/stripe-atlas-is-not-for-everyone-cave...
Re: Ask HN: Ok. I have the MVP. I have a small feedback. What is next?
#17One, it's your thread. So, it's fine if you post the link. Getting feedback is important. Second, get some Linkedin/Facebook/Google ads running. Get some more people to your site. IMO, one of the biggest problems is having a small audience for feedback. If your conversion rate is say 1% then you barely have 1 user. So, go big or go home. Third, I believe there will be tools out there to help with other stuff like c-c…
Thanks a lot for the feedback! I was thinking about the small amount of paid adds as well and I'm glad that you prove that it may work. Can you share some of the tools besides the stripe's atlas? If you are wondering the landing is https://goandcall.me . Idea is to let you create the link or widged to your own phone and let your customers or visitors call you without any plugins or additional software. Just from the…
Re: Ask HN: Ok. I have the MVP. I have a small feedback. What is next?
#18The single necessary and sufficient condition for a business, says MIT’s Bill Aulet, is a paying customer. https://stripe.com/atlas or use a paypal button. Adapt this mentality. No investor will ever give you money. Make sales. Learn. Adjust. Repeat. Good Lucky! ;-)
I'm thinking more about support than money. I can run it for some time on my own for sure... But registering the company, talking about marketing, helping with sales strategy all these things.. I definitely need them more than money.
So, given what you already know, how many customers do you need to generate enough revenue to pay for costs, i.e. what slice of the market should you address? Define that segment of the market, e.g. "kindergarten teachers in London" and devise the tactics to get them on your "Buy now" screen, and then to get them to click the "Pay now" button.
Sales strategy really depends on what space your business is in (especially B2B or B2C), but a basic first step could be something like "I'll create a Google Ads campaign for that target, measure how they respond to the landing page and integrate Intercom so I can discover/answer their questions when they reach the website". You'll learn new things about what customers think of your service - pricing, features, etc - that will help you define the next step.
If you haven't received a payment, I'd focus on converting those 14 prospects into paying customers and learning why they have or haven't purchased. Then, if you're a B2C business, focus on increasing that number x10, i.e. get to 100 paying customers, then 1000, until you break even. This is when an investor, in my mind, will be useful: to accelerate growth, and for that you need some sort of growth beforehand (which will also be your main argument when negotiating an investment).
When you are at this point, your premise will be "I'll use this money to hire a senior sales executive specializing in X to devise a proper sales strategy, and/or a senior marketing person to devise and run marketing campaigns").
Re: Ask HN: Ok. I have the MVP. I have a small feedback. What is next?
#19One, it's your thread. So, it's fine if you post the link. Getting feedback is important. Second, get some Linkedin/Facebook/Google ads running. Get some more people to your site. IMO, one of the biggest problems is having a small audience for feedback. If your conversion rate is say 1% then you barely have 1 user. So, go big or go home. Third, I believe there will be tools out there to help with other stuff like c-c…
Thanks a lot for the feedback! I was thinking about the small amount of paid adds as well and I'm glad that you prove that it may work. Can you share some of the tools besides the stripe's atlas? If you are wondering the landing is https://goandcall.me . Idea is to let you create the link or widged to your own phone and let your customers or visitors call you without any plugins or additional software. Just from the…
Re: Ask HN: Ok. I have the MVP. I have a small feedback. What is next?
#20One, it's your thread. So, it's fine if you post the link. Getting feedback is important. Second, get some Linkedin/Facebook/Google ads running. Get some more people to your site. IMO, one of the biggest problems is having a small audience for feedback. If your conversion rate is say 1% then you barely have 1 user. So, go big or go home. Third, I believe there will be tools out there to help with other stuff like c-c…
Thanks a lot for the feedback! I was thinking about the small amount of paid adds as well and I'm glad that you prove that it may work. Can you share some of the tools besides the stripe's atlas? If you are wondering the landing is https://goandcall.me . Idea is to let you create the link or widged to your own phone and let your customers or visitors call you without any plugins or additional software. Just from the…
https://www.myusacorporation.com/articles/us-bank-account-fo...