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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 think that would be great to make some project that has returns even a seemingly low sum of $200/mo. That's like a fifth of what I need to live a month, not bad.
Facebook ads for market interest check is an interesting thought albeit maybe expenisve.
edit: the other thing stories like these(pertaining to EarlyName) seem to gloss over is the legal aspect. It is easy to throw up a payment form but who is it paid to and say you're sued for whatever reason... does the few hundred a month justify an LLC sort of thing. That's the part that sucks/part of a business I guess. Some options like fastpring I think. Maybe general ToS/Privacy is enough
It is funny it's like a "solve that problem when you actually have it" sort of scenario. But I do wonder about creating some general LLC that can be an umbrella to random micro saas projects.
I would be just to afraid for certain ideas like the shop thing. One credit card fraud going through my system and i might in a big dept if i did this under a company format which doesn't protect me from personal liability. While i like the idea very much of getting exercise in this way, i'm wondering what the main motivation is? I would like to earn money through my own company but only with my product i like and fi…
I find that passion is much more about investment than inherent joy. When I invest in a project, I become passionate.
If you ask me if i want to work on x or y, i will tell you quite easy what i would prefer which i would relate to passion?
Wikipedia would agree on both ways of seeing passion: "Passion (Greek πάσχω "to suffer, to be acted on"[1] and Late Latin (chiefly Christian[2]) passio "passion; suffering" (from Latin pati "to suffer"; participle: passus)) is a feeling of intense enthusiasm towards or compelling desire for someone or something. "
But i think what makes it more interesting or more motivationg for me is that one thing might have something special in comparison to other things i wanna do.
Like if i work on a product which helps the world vs. a product which is 'just a normal product' i might see more reason to work on the first product.
I probably need to ask you what makes you invest in a project.
imo I don't agree with the "buy domain name right away" since it may cause you to lose motivation/drive. Having the thought "build it first then when it's done buy a domain" is my thought. As I often buy domains and end up not using them/not finishing the project... still I can see the issue of securing a nice domain name. I think that would be great to make some project that has returns even a seemingly low sum of $…
imo I don't agree with the "buy domain name right away" since it may cause you to lose motivation/drive. Having the thought "build it first then when it's done buy a domain" is my thought. As I often buy domains and end up not using them/not finishing the project... still I can see the issue of securing a nice domain name. I think that would be great to make some project that has returns even a seemingly low sum of $…
I think that bit was a joke, haha. "Pro tip" for not so pro tips is an elder meme
> 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’…
Incorrect. The word business is defined simply as "the practice of making one's living by engaging in commerce." or "a person's regular occupation, profession, or trade."
A kid with a lemonade stand has a business. My dad ran a plumbing business that did zero marketing or advertising and had no regular lawyer. According to your definition neither of these are businesses.
Gee, you know come to think of it - Knowing who your customers are is marketing, talking/blogging about your business (however small it is) is advertising, accepting cash and knowing what's in your bank account is cash flow management and avoiding breaking any laws is legal. So, whichever way you look at it - you're wrong.