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It actually is entirely about building a good product if by good product you mean something people want.
First “actually” reply I’ve read today, congratulations. 8:08 AM is a bit early though.
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So 10% worked - is that not about normal for business?
It's normal for boom or burst startups. It's way bellow normal for small business. But well, it's a perfectly fine ratio here.
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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.
This is what MVP actually is.
> 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 most projects mentions involved at least a few of hese things, and the last one, Earlyname[0], had them all and has been more profitable than many many "businesses" in SV right now...
> 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’…
That's the whole point of micro-bets. You acknowledge the fact that a small % of them will generate any meaningful $, so you deliberately minimize your losses by making the bets small.
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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’…