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

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

#221

Post by sown »

adrianhoward wrote: post #201
sown wrote: post #189

Earlier quoted context omitted.

This is a good insight. Thank you. 'though I can't think of anything a community would want...

Seek and ye shall find ;-) You don't think up something the community would want. You observe people and see what they need. Find the problem first - then figure out the solution.

I think the problem now is that I can't relate. I don't like restaurants, food, social networks, music or whatever else it is people are into it seems. I don't have any professional contacts or anything really outside of software so I don't know what people want or need. I don't even know how to observe people

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

#222

Post by danielharan »

KnowledgeSponge wrote: post #203
danielharan wrote: post #192

Earlier quoted context omitted.

I'll say it again: I'm pretty sure several people here would finance your transition. With standard conditions, you should be able to raise in under a month. Think of what you could do with 100k, perhaps only diluting 5%.

Not sure if you saw it, but one of his concerns is the time debt that essentially binds him to the will of his investors if he were to take their money. IMHO this is a very valid concern for a "lifestyle" business, if that is indeed what he intends it to be.

Investors with a minor stake don't get to boss you around or gobble up all your time.

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

#223

Post by danielharan »

ahoyhere wrote: post #219
danielharan wrote: post #192

Earlier quoted context omitted.

I'll say it again: I'm pretty sure several people here would finance your transition. With standard conditions, you should be able to raise in under a month. Think of what you could do with 100k, perhaps only diluting 5%.

patio11 could make $100k appear -- without strings -- by waving his Magic Product Wand, and producing 10x-20x value for his customers (at least!!), to boot. Why, then, do you think he should take investment?

Magic (!) or investment, doesn't really matter, so long as he gets to focus on product instead of consulting.

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

#224

Post by orangethirty »

ahoyhere wrote: post #172
Evbn wrote: post #146

Earlier quoted context omitted.

The technique you describe here is not the same as honesty. Example: "This product is not for uncreative people who think you have to work 60 he's a week at a desk to retire at 70." is a subtle appeal to snobbery/wishful thinking that makes them want to prove they are creative get-aheaders, and they can "prove" that buy joining your customer base.

Where on any of our product pages is there a phrase like that? On the other hand, check out patio11's Lifecycle Emails page for frank honesty such as: "Do you not have a shipped product yet? Ship something. Do not buy this course. Well-implemented lifecycle emails do not ship software." Or, on the sales page for my class, "If you can’t make these chats on a regular basis, you should not attend." Where's the sexy ego-…

Those are disqualifiers, which are great sales tool. It basically auto-qualifies a client by making him/her decide from the start if they are going to buy depending on their current situation. Other examples might be:

- You have a steady job, but nobody will sell you a car? If you can get some proof of employment I will sel lyou a car. Today!

- Tired of paying a lot of money for quality web hosting? Don't want to deal with the hassle of a VPS? If yu are willing to get your fingers dirty every few weeks in exchange of great prices, service and flexibility, then you might want to look us up. wonderfullyawesomesuperwebhosting.com is the addres you might want to visit right now. Or dont.

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

#225

Post by xiaoma »

ahoyhere wrote: post #161
bravoyankee wrote: post #124

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,…

I think it's pretty hilarious that you think I've hustled like crazy, considering most months I don't spend more than 10 hours on Freckle… and that's being generous. In addition to it no longer being my main focus (for good or ill), I have chronic fatigue syndrome. If I work a 30-hour week, that's extraordinarily high output for me. How many blog posts? Easy to find. Look at the Freckle blog and how it's been neglect…

In your opinion, what has driven its success? Is it stuff that people with time but little money could emulate?
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