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How I’m Making Five-Figures A Month Off Bootstrapped Products

planscope.io

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Re: How I’m Making Five-Figures A Month Off Bootstrapped Products

#131
post #87

Earlier quoted context omitted.

If I challenge you it's for discussion. Also to point out that others might be thinking the things that I think (at least some people) but not raise the issue. And you could loose business from them. They might look at your planscope page and note that there aren't bios on anyone. That may be important to them. Now if you're a 1 person company there could be a strategic reason for doing that ("better to be thought a…

"the ability to take advantage of people's generally trusting nature" --> Nothing like an ad hominem buried in the midst of a paragraph and then immediately denied as an ad hominem. Cite? What evidence do you have that bdunn is "taking advantage" of anyone… or that anything he has written is "BS."

"Nothing like an ad hominem"

Well if that's an ad hominem then my example of what I've done myself wouldn't have been used, would it?

And where are the words "taking advantage" which you quote appearing in anything that I have written?

Re: How I’m Making Five-Figures A Month Off Bootstrapped Products

#132
post #87

Earlier quoted context omitted.

If I challenge you it's for discussion. Also to point out that others might be thinking the things that I think (at least some people) but not raise the issue. And you could loose business from them. They might look at your planscope page and note that there aren't bios on anyone. That may be important to them. Now if you're a 1 person company there could be a strategic reason for doing that ("better to be thought a…

"If I challenge you it's for discussion... you've learned in a short period of time and the ability to take advantage of people's generally trusting nature. Nothing wrong with that. " Larry - reading this along with your other snips at patio and bdunn, I feel compelled to point out that you're coming off as slightly crazy. No offense. If that was challenging it was for the sake of discussion.

Please point out exactly what "snips" I took at patio11

Re: How I’m Making Five-Figures A Month Off Bootstrapped Products

#133

Earlier quoted context omitted.

Just one of my products, Freckle, makes $30,000 a month… more than 6x what you claim is impossible. On, what, you say? Time tracking. A space in which we are a tiny niche player. http://letsfreckle.com But there's no point in letting facts get in the way of righteous condemnation, is there?

How long has freckle been around for? How many hundred blog posts have you written to promote it? How many interviews have you done over the years and plugged it? How many joint ventures and mailing lists has freckle been on? Yeah, if I hustled like you have with freckle, I'd be making at least $30,000 a month too. I'm just trying to insert some reality into the conversation. It's like watching professional athletes,…

If the niche products are doing so well, then why the need to sell consulting? I mean if you have a product that is truly revolutionizing the time management space, one would think that business would constinue to grow and require a lot of energy to maintain.

It seems like this niche is a given number of programmers with poor time management skills surfing the web (what a coincidence :). Giving them a quick fix impulse buy is the niche. You will not catch enough fish to last a lifetime but some not-so-smart fish will get caught in the net, consistently.

And we can apply this same idea to selling admission to a talk or sellling an ebook. The point is to sell a perceived quick fix to people who are foolish enough to believe in such things.

No one would question this works as a "business". People _will_ pay. I would not doubt someone could make 30K in one month.

What's being questioned is whether you want to sell to an audience of people who you know will, with very rare exception, never have that success. This is because they believe in quick fixes. And of those rare cases where a buyer does succeed, can you really take credit for their success?

Re: How I’m Making Five-Figures A Month Off Bootstrapped Products

#134
post #83

Earlier quoted context omitted.

The world is upside down when college-educated white and Asian males making $60k+ a year ($40 an hour programmers) are "the weak", isn't it? I just have to put that out there. Vis-a-vis businesses it can actually make sense, because any business which is e.g. hiring an intermediate Ruby developer for $40 an hour is exploiting him, but "Five figures a month is unachievably high! There are no reliable ways of earning t…

If you know where I can hire decent Rails developers for $100 an hour or less, please let me know! That's not the kind of rate I see. Just a couple weeks ago a talented 15-year-old in Belarus told me his rate was $100/hr. And when I said "Sorry, you don't have the experience to justify that rate for me," he told me his last client paid just a little less.

Speaking of salesmanship, this kid has a great future!

Re: How I’m Making Five-Figures A Month Off Bootstrapped Products

#135
post #100
post #87

Earlier quoted context omitted.

If I challenge you it's for discussion. Also to point out that others might be thinking the things that I think (at least some people) but not raise the issue. And you could loose business from them. They might look at your planscope page and note that there aren't bios on anyone. That may be important to them. Now if you're a 1 person company there could be a strategic reason for doing that ("better to be thought a…

I'm just confused about why you think I'm running a smoke-and-mirrors shop. I have a ton of testimonials from people thanking me for helping them raise their rates. If you email me, I'll send them to you. I take a lot of offense that you think I have "the proper degree of BS mixed together with things I've learned in a short period of time" and that I'm "taking advantage of people." I am delivering value in exchange…

"you think I'm running a smoke-and-mirrors shop"

Where in my comment did I say you were running a smoke and mirrors shop? Show me the words that implied that in my comment?

(Others have of course - I didn't say "yeah I agree" either.) I asked you a question and gave you an opportunity to detail "why your advice is so valuable" and I gave you my reasons (before asking that) why I was skeptical.

"I have a ton of testimonials from people thanking me for helping them raise their rates. If you email me, I'll send them to you."

If you have a ton of testimonials there are certainly ones (a percentage of the ton) that you could get the people who gave you the testimonials to allow you to post publicly, right? Isn't that basic marketing? (It is.) So why did you not post some? By the way the use of the word "testimonial" implies to me more than someone thanking you by email. I can understand why you wouldn't post a snip from an email that someone sent you. But you called them "testimonials" not an email thank you. Either way it would seem that if they are happy they would allow you to use the testimonial - even firstname, last initial and type of company (if not full info).

Sorry you take offense to the "BS". I gave an example of how I BS'd and got somewhere with it. Donald Trump and many successful business leaders have used "BS" to get ahead. So have politicians. BSing is not the same as lying. I understand that hackers have some issue with puffery. That is their choice. (By the way I've also observed over the years how lack of ability to BS holds you back in business.)

"I'd be getting refund requests." Why not post the percentage of people who request refund? Is it 2%, 10%, 0%. Seems that would be a good marketing angle if you were able to get up into the 90's, right?

"guessing you're older, and there's ageism at play against me"

I would do the same thing to someone who was older.

"what degrees or credentials"

I didn't raise any issue with degrees or credentials at all. If you had a degree from Harvard I wouldn't have accepted that as anything given what you were trying to sell. I merely wanted backup for what you were doing.

"as long as I deliver on my promise"

If you reread one of my replies to you will see that I said this:

"If I challenge you it's for discussion. Also to point out that others might be thinking the things that I think (at least some people) but not raise the issue. And you could loose business from them."

I have learned much about people's reaction to what I say on HN. I am pointing out to you (I think in a relatively nice way) the impression that I had and then asked some questions. You can take that info into consideration when you go and try to sell to the world of "older people" -or- people who don't spend time on HN. Because you will need it. I'm not selling anything to people who read HN so I will speak my mind as to what I think.

Here's the thing also to remember. Selling to people, a wide range of people is not the same as "getting a job" or "finding a girl/guy". You can be "slightly crazy" (as I was just called by someone) and still do fine if you only need 1 wife or 1 job. But if you are selling to many people you have to take into account how what you do might alter what they think.

Re: How I’m Making Five-Figures A Month Off Bootstrapped Products

#136

Earlier quoted context omitted.

"none of [his] products are about how to build products. They're about how to do better consulting..." The question is: What is being consulting on? Is it substantive? Building products seems substantive. Especially building products that can produce sufficient income over the long term. But if it's not on bulding products like this then what is it? Is it about how not to have to build products that make sizeable but…

Sorry for not being clear. Brennan is a programmer, and his audience (myself included) seems to overwhelmingly be programmers who do freelance programming. So his products are specifically for programmers who do contract / freelance programming work. Is that clear enough? This discussion might be more productive if you had bothered to even check out his products.

To be fair, what I am commenting on goes well beyond this specific blog. The type of practice I've described gets much, much worse than what is on this blog. But is essentially the same thing, only to a different degree.

It's ironic that the web has opened up the door to vast amounts of free information and at the same time led to many people believing they can and should sell any information they manage to acquire. Will some people pay? Yes, some people will. Buy my ebook and I'll explain how.

Re: How I’m Making Five-Figures A Month Off Bootstrapped Products

#137

Earlier quoted context omitted.

A software developer can be one without being in the software business. No need to market anything, ever. Now, if you want to sell software, then you better learn how to sell. The depressing truth about the software business is that most of the success stories take the form "and then I started spending all my time on marketing, and my business took off!". What's depressing is this line of thinking. You just can't pro…

It's depressing because to a typical cynical programmer (and we're prone to be cynics spending our time looking for bugs) selling anything has a coat of slime on it. Marketing is mostly about deception and half-truths, and promoting a product effectively means maximizing the positives and minimizing/omitting the negatives: "Look at this shiny car!" (engine leaks oil) "Buy our shiny lightweight computer!" (can't chang…

I like the idea that good programming is a search for Truth and the Right Way to solve a particular type of problem. What struck me is that good Marketing is actually the exact same search.

There are lots of bad programmers and lots of bad marketers (hard to say which are in more abundant supply). It may seem like there are more bad marketers, since we're more likely to be aware when we see "deceptions and half-truths" in sales/marketing... after all, we're very likely to be exposed to marketing in our daily life.

When you get down to it though, a really good programmer and a really good marketer are both rare commodities. Marketing is not inherently more evil than programming. They are just both usually done poorly, and we all suffer as a result.

Re: How I’m Making Five-Figures A Month Off Bootstrapped Products

#138

Earlier quoted context omitted.

Just one of my products, Freckle, makes $30,000 a month… more than 6x what you claim is impossible. On, what, you say? Time tracking. A space in which we are a tiny niche player. http://letsfreckle.com But there's no point in letting facts get in the way of righteous condemnation, is there?

How long has freckle been around for? How many hundred blog posts have you written to promote it? How many interviews have you done over the years and plugged it? How many joint ventures and mailing lists has freckle been on? Yeah, if I hustled like you have with freckle, I'd be making at least $30,000 a month too. I'm just trying to insert some reality into the conversation. It's like watching professional athletes,…

Amy certainly has a bit of hustle to her, but it should't be an imposing amount of it. She'd tell you that she doesn't even work 40 hours a week, partly out of lack of desire to and partly for medical reasons.

I'm amazed by the "work equals money ergo lots of money equals lots of work" mental script. Do I have any credibility on this topic? I've said this for six years: you can make substantial amounts of money on product businesses without it being a life-consuming obsession. BCC is going to hit $10k this month and I will barely touch it. Life very much not sacrificed.

Also, psychologically, there's a bit of a defense mechanism there, right? Amy has a situation many people would like. I think, candidly, you'd not decline it if it were offered to you. But you don't have it. So rather than saying "Hmm, maybe I should take the actions that would predictably achieve that" you simultaneously say "I can't do that! She's 'Internet famous'!" (i.e. a technologist quite similar to you, from a background of no special distinction, who a few years ago started writing things that people enjoyed and just kept doing that) and "I could do that but I don't really want to make $30k a month writing software people genuinely love, no siree, that holds totally no appeal."

Re: How I’m Making Five-Figures A Month Off Bootstrapped Products

#139

Brennan, We met at LessConf, and talked quite a bit. I think you're a great guy and you are obviously very talented and very smart. But...I got into this business because I got tired of the get rich blogging circle jerk I was part of in the past, and I'm very disappointed to see it coming into the tech world too. I don't take issue with what you are doing, but between the turn Andrew took at Mixergy (pumping out a bu…

I'm a Mixergy Premium member, and have actually found Andrew's courses to be really helpful. I love the Mixergy interviews, but at the end of the day where I've really gotten the value is the courses where the specific tactics the interviewees have used is laid out in real detail.

I don't known Brennan at all personally, but I'm actually pretty amazed that you equated his post to a "get rich blogging circle jerk." The point of his post is various ways you can bootstrap revenues while you're waiting for SAAS subscription revenues to grow. Seems like a pretty far cry from a "get rich quick" scheme.

Just standing up for two guys that I have never spoken to, but admire for how much they have given back to the 'net entrepreneur community.

Re: How I’m Making Five-Figures A Month Off Bootstrapped Products

#140

Earlier quoted context omitted.

How long has freckle been around for? How many hundred blog posts have you written to promote it? How many interviews have you done over the years and plugged it? How many joint ventures and mailing lists has freckle been on? Yeah, if I hustled like you have with freckle, I'd be making at least $30,000 a month too. I'm just trying to insert some reality into the conversation. It's like watching professional athletes,…

If the niche products are doing so well, then why the need to sell consulting? I mean if you have a product that is truly revolutionizing the time management space, one would think that business would constinue to grow and require a lot of energy to maintain. It seems like this niche is a given number of programmers with poor time management skills surfing the web (what a coincidence :). Giving them a quick fix impul…

1. What consulting? I don't do consulting.

2. Are you privy to hard facts about my customer base like "it's all programmers with poor time management skills"? Or how big a global population that might be? If so, that's very valuable data for me… please share!

3. How much do you think Harvest, Toggl, Freshbooks, etc., make off selling their "sexy quick fixes"?

(I believe you might be the only person ever to suggest that time tracking applications are a sexy quick fix.)

Please, if you're going to a debate, bring a coherent argument to the table, with facts, instead of changing goal posts from "Nobody could make $5,000" to "Of course people could make $30,000 -- off idiots" etc. etc. etc. I'm sure you feel righteous and like you are making great points, but you've got no evidence or solid reasoning to back them up other than "Only stupid people would pay for a professional tool, ergo, only stupid people would pay for a professional tool."

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