11–20 of 151 posts
Earlier quoted context omitted.
Reminds me of the book "The E-Myth: Why Most Small Businesses Don't Work". Just because you are a good engineer, does not mean you are a good entrepreneur. Most engineers think it's just about building a good product. This is not true.
It actually is entirely about building a good product if by good product you mean something people want.
> I believe there's a big advantage to this "micro-bet" approach of launching many tiny businesses These aren’t businesses. These are websites. Most people on HN can build a website. It takes some coding and some tech knowledge. Not everyone can build a business. That involves marketing, advertising, customer acquisition, cash flow management, legal, on and on. While what the author did was neat and fun for him, let’…
This is the best approach starting out to see what the audience responds to, but the next critical step is to stick with what works for at least 5 full years doing all the things you've mentioned plus SEO (which is a big big).
Earlier quoted context omitted.
Reminds me of the book "The E-Myth: Why Most Small Businesses Don't Work". Just because you are a good engineer, does not mean you are a good entrepreneur. Most engineers think it's just about building a good product. This is not true.
It actually is entirely about building a good product if by good product you mean something people want.
> I believe there's a big advantage to this "micro-bet" approach of launching many tiny businesses These aren’t businesses. These are websites. Most people on HN can build a website. It takes some coding and some tech knowledge. Not everyone can build a business. That involves marketing, advertising, customer acquisition, cash flow management, legal, on and on. While what the author did was neat and fun for him, let’…
I took this same approach and from about ~50 things, 5 made enough money to make it time well spent overall. They were tiny like the projects listed here, so it's possible it could work out for the author, and I'm still sticking to the same approach now. Launch something quick with little self-criticism, then double down on anything that seems to have traction.
> I believe there's a big advantage to this "micro-bet" approach of launching many tiny businesses These aren’t businesses. These are websites. Most people on HN can build a website. It takes some coding and some tech knowledge. Not everyone can build a business. That involves marketing, advertising, customer acquisition, cash flow management, legal, on and on. While what the author did was neat and fun for him, let’…
> I believe there's a big advantage to this "micro-bet" approach of launching many tiny businesses These aren’t businesses. These are websites. Most people on HN can build a website. It takes some coding and some tech knowledge. Not everyone can build a business. That involves marketing, advertising, customer acquisition, cash flow management, legal, on and on. While what the author did was neat and fun for him, let’…
When you repeatedly make sales and profit, you’re past the hurdle of not losing money on the operation. It’s a nice milestone on the entrepreneurship journey and worthy of a bit of celebration.
Earlier quoted context omitted.
I took this same approach and from about ~50 things, 5 made enough money to make it time well spent overall. They were tiny like the projects listed here, so it's possible it could work out for the author, and I'm still sticking to the same approach now. Launch something quick with little self-criticism, then double down on anything that seems to have traction.
So 10% worked - is that not about normal for business?
But well, it's a perfectly fine ratio here.
> I believe there's a big advantage to this "micro-bet" approach of launching many tiny businesses These aren’t businesses. These are websites. Most people on HN can build a website. It takes some coding and some tech knowledge. Not everyone can build a business. That involves marketing, advertising, customer acquisition, cash flow management, legal, on and on. While what the author did was neat and fun for him, let’…
Rob Walling has some good stuff on building micro-SaaS businesses https://robwalling.com/
> I believe there's a big advantage to this "micro-bet" approach of launching many tiny businesses These aren’t businesses. These are websites. Most people on HN can build a website. It takes some coding and some tech knowledge. Not everyone can build a business. That involves marketing, advertising, customer acquisition, cash flow management, legal, on and on. While what the author did was neat and fun for him, let’…
The narrative would change and it wouldn't be getting called a "micro-bet" anymore if it did though, no? ;-) We used to just call these "side projects" which I prefer as a term for any sort of cheap experiment you throw at the wall to see if it sticks. I've had several, had two acquired for non-negligible amounts, and another has been my full time business for 10 years now.
It's a blessing to see that there are people who can just build things instead of whining around like: ohh it's not a business... ohh it won't make any money... ohh it's not so simple to build a product... mkay