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Ask HN: Single Person startup/company?

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141–150 of 399 posts

Re: Ask HN: Single Person startup/company?

#141
post #80

Earlier quoted context omitted.

Yep, this times a ten thousand. It took me years to unlearn all of the "marketing is all bullshit" attitudes I grew up with. Whole different set of skills to learn, and not like, say, imperative->FP. Much harder.

lol - yes, me too. Used to really dislike the marketing guys. Once you're running a company though, you discover marketing is what counts, more than code quality in most cases. Though I'll say keeping technical debt low has allowed this product to grow for many years.

Oh yes, I sold the prototype version of my platform for a year before I had a chance to replace it.

The prototype was custom pages on a Wordpress site (pretty slow to load, especially on phones, not easily scalable, etc), the new one's a .NET-based site, loads instantly on any device, and when I watch the server load, I can see that this thing will live happily on even a low-end VPS for a long, long time to come (lot of traffic growth so far, no increase in load!).

Keeping technical debt low is good, money's a higher priority. It's a business. That never really hit me before. :)

Re: Ask HN: Single Person startup/company?

#142

Just hit $1 million/year in sales :) About 20 years ago wrote a scratch-my-itch B2B desktop software for Windows. Side project for 10 years which is how long it took to reach about $120K to make the switch to full time. Added features and increased price accordingly. Hired a few more people. Growth is slow but steady. Yearly renewable support contracts are the secret. Coding is easy, marketing is hard. Persistence, p…

> "Coding is easy, marketing is hard" It took me over five years in this business to fully internalize this. Programmers (me included) often complain about clueless entrepreneurs in this business, but even more rare than a good programmer is a good entrepreneur, who can sell/market and turn code into money.

I disagree. Even if you make the best software ever, getting your first 100-1000 paid customers is hard. But if your software is good, and you have 1000+ paid users, paste that point, your product will market itself. Or you could just continue to sell to the customers you already have. And even the most clueless entrepreneur will make money.

Re: Ask HN: Single Person startup/company?

#143
post #123

Earlier quoted context omitted.

As a senior marketer who has to combat this myth frequently, thank you. Modern day marketing is a complex orchestration of many parts that are often highly technical. Further, the discipline as a whole has some incredibly hard unsolved problems when it comes to measurement and analytics (attribution and viewability I'm looking at you). If anyone has a product with initial traction but is unsure of where to go next, f…

Don't have a product right now, but are there any resources you can point to which have quality marketing wisdom? Or is this something you just have to learn as an apprentice to a good marketer? I am always torn because while I can appreciate good marketing, a lot of the marketing and advertising Industry (which too me seem like different things) seems to be bullshit. I really like it when there are marketing campaig…

This is going to sound a little pat, but if that's what you like in marketing, you're probably not alone. You could probably do well to try that exact set of behaviors on other people, with the outcome in the back of your mind, "will this person pay me to solve the problem I am talking with them about?"

If yes, then that's it, you're done. Take the money, give 'em the thing, and do it again. :)

For books, for getting a start in marketing, I like "Guerrilla marketing in 30 days".

Biggest shift, though, is just mindset; going out and talking to people again and again until you learn what matters to them. It takes a lot of time, and when you're not used to it, it feels like it takes way more time than you're actually putting into it. Eventually you do learn, this is what these people have in common (they're members of some industry, field, hobby, affinity group), this is where they go (online, offline, in-town, conferences), this is how they like to be marketed to (online ads, postcards, in-person events, etc). Just takes time and effort, more than anything. Pretend you're learning a language, and assume it'll take that long to get conversational. :)

Re: Ask HN: Single Person startup/company?

#144

Earlier quoted context omitted.

Seems so unfair and unprofitable to me that a VC will spin up a competitor in this niche. Good luck!

Watching a VC being interviewed pretending he invented something that will be the second sentence in the first paragraph of your obituary, is stronger than 5 cups of coffee. It's a blessing.

Beautiful.

Re: Ask HN: Single Person startup/company?

#145
post #130

I'm single-running an Atlassian add-on, $4000 the first year, $40k the second year, $55k the 3rd. APIs are young and change often (=maintenance costs), market is not saturated yet, but the competition is competent. It's a real benefit (=3 month savings) to your startup if you don't have to build the sales engine: I've sold to very, very famous names, that I could never have had if it wasn't through Atlassian's appsto…

Thanks for the testimonial!

For others reading - we have hundreds of examples like this - single person companies that have grown inside the Atlassian ecosystem.

From people like Bob Swift, who grew his company and was then acquired, to companies like Gliffy and Balsamiq Mockups who built multi-dozen person companies on the back of the Atlassian ecosystem.

Get started here: https://developer.atlassian.com/index.html

Re: Ask HN: Single Person startup/company?

#146

My side project StatusGator, which monitors service status pages, has been running profitably for the last year. It took about 3 months to become profitable and it's only so because my time is "free". (But isn't that always the case?) I don't do anything to promote it so growth has been entirely organic. I get a few free sign ups every day. Although they very infrequently convert to paid, I keep expenses low so it do…

Use your platform to make customers come to you.

1. Identify leads (comapnies + the email of the person who would be in charge of server status)

2. Create alerts for their services

3. Your system sends an alert when their service goes down. They instantly recognize the value of your service.

Re: Ask HN: Single Person startup/company?

#147
post #48

I have been a single founder company for going on 10 years. Running multiple SaaS services over those years. Some have come and gone and a couple stuck around for 8+ years. Revenue has fluctuated anywhere from $800k+ yearly at its height (before 2008 crash) to as low as $250k yearly.

>> single founder company...running multiple SaaS services This is the model I am biased towards. Mind giving out more information? What sectors do you operate? Do you currently have any employees? Any tips for a newbie?

All pretty niche services mostly in the real estate and home improvement type sectors. None have/had the potential to really be unicorns but all have/had the potential to be million dollar+ businesses.

I didn't start off hiring employees. In the beginning I did everything myself (programming, marketing, customer support, accounting, etc.). A year in I hired my first customer support employee and throughout the years employee count fluctuated from just a couple to 13 at most. Many of which were part-time and worked remote. I have also had offices throughout the years but now focus totally on remote. I don't like the burden of an office.

I think my #1 tip for a newbie would be to look for something niche that solves a pain point or allows your customer to make or save money. For example: if your customer can spend $10/mo on your software and make or save $30/mo from that, you will have no problem getting & keeping customers.

#2. Don't focus on becoming a unicorn. You can make some serious money and build a very comfortable life running a $300k to $1m dollar business, and your chances of succeeding at that are much greater.

#3. Look for things outside of tech. There are so many problems to solve in small businesses. Many will say there is no money to make with small businesses. My response to that is re-read #2.

#4. Learn everything you can about advertising. Get really good at it and be willing to spend money on advertising.

#5. Be willing to kill something off quickly if it doesn't make money. Test your market early to make sure people will pay for it. I have made the mistake of not doing this and I have lost a lot of money because of it. Now, I need to be able to see a positive ROI on my spend within 3 to 4 months. So if I spent $100 to acquire a customer, I want to be able to get that back + more within 3 to 4 months. I know this timeline is probably really short for a VC funded company, but I have always been bootstrapped so don't have the luxury of risking a longer time-frame for return.

Re: Ask HN: Single Person startup/company?

#148

Earlier quoted context omitted.

I thought it was high too, I was expecting ~3k. Apparently the terms alone took them 6 hours haha.. pretty boilerplate stuff I'm sure, oh well, next time I'll try and push for faster results if they want the business

Yeah, our bill without the terms was just about $1500. The terms, privacy, and eula killed us.

I just wrote the TOS myself and run my site as a sole proprietor. $0 in legal bills.

Re: Ask HN: Single Person startup/company?

#149
post #131

I started https://omnimemory.com nearly 1 year ago. It's a spaced repetition flashcard system with a minimalist UI designed for both desktop and mobile. It has a freemium model. It only has 35 signed-up users and nobody is paying. I only did some "marketing" for a couple of weekends (this is a side project), posting about it in some blogs, forums, Hacker News... I quickly got tired of this marketing work and moved on…

What is your bounce rate? Did you do anything like SEO?

If you have a high bounce rate, you might want to show the user a demo of how the product works.

Re: Ask HN: Single Person startup/company?

#150

Just hit $1 million/year in sales :) About 20 years ago wrote a scratch-my-itch B2B desktop software for Windows. Side project for 10 years which is how long it took to reach about $120K to make the switch to full time. Added features and increased price accordingly. Hired a few more people. Growth is slow but steady. Yearly renewable support contracts are the secret. Coding is easy, marketing is hard. Persistence, p…

> "Coding is easy, marketing is hard" It took me over five years in this business to fully internalize this. Programmers (me included) often complain about clueless entrepreneurs in this business, but even more rare than a good programmer is a good entrepreneur, who can sell/market and turn code into money.

Yes 1000x. Marketing & sales are way harder than coding and I feel it is not focused on enough in discussions about starting a business.
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