“Lessons I’ve learned after 10 years and $10 million in sales” — @jamesclift
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1/ Bet on yourself, but make sure it’s actually a bet
To truly bet on yourself, everything you do should accelerate any of the following:
• learning new skills
• meeting great people
• making money on your own time
• experiencing the world through a different lens
2/ Build your tribe
You need 5 friends with similar ambitions.
You want people that you can call when:
• Your world is falling apart.
• You want to quit.
• You hate your co-founders.
• You’re questioning everything.
• You’ve made the money, but don’t feel good about it.
3/ Just launch something
I know many people who are much more talented than I'm.
They’ve got better ideas, more technical skills, and are just plain smarter.
What they don’t have is that forcing function that compels me to launch stuff.
The shamelessness.
4/ It takes 3 years for anything to work
Every successful company I’ve seen has taken at least 3 years to get some hint of product market fit.
Every successful company I’ve seen has taken at least 3 years to get some hint of product-market fit, the founder’s 8th attempt...
5/ Check your ambitions
My original goal was to “build a business making 10k a month.”
I got there and enjoyed it.
But I stopped growing, learning.
What would have been a better focus is building an exceptional product, an amazing team, continuing to grow as a leader.
6/ You will want to quit
Things that help you not to quit:
• Do the most important thing from your to-do list. Ignore the rest.
• Manage your psychology.
• Have grounding forces in your life (sports, family…).
• Try not to build your whole identity around your company.
7/ You might surprise yourself
Success is a result of talent, hard work, and luck.
If you’re smart, want to work hard, and care about building a business one day — the best place to put that energy is into creating something new.
You can’t get lucky if you’re not in the game.
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Tip: User-generated content is gold, and user-generated templates are a cut above the rest. Get new users and retain old ones by allowing them to create (and share) templates for your product.
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Notion's templates are a big part of what makes it such a successful business. And user-generated templates are particularly effective because they create a growth loop.
It goes like this: A potential user comes across a useful template that someone else shared. They sign up to access the user-generated template and start using the platform. Eventually, they create their own, and the cycle repeats.
Tip: Opt-ins can be tough to come by, especially if you're a new face. Get more people to provide their information by explaining the benefits graphically, in a fun and engaging way.
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Potential customers and subscribers are more likely to provide personal information if you explain what's in it for them. And recent studies show that you can increase these opt-ins even more by conveying the benefits not only textually, but with a fun visual experience too.
This effect is particularly helpful when there isn't a lot of familiarity or trust in the relationship.
What has @eltintero learned after making 180 no-code apps in 2020?
"As the founder of LowCode.Agency, this year I’ve had the opportunity to work with dozens of founders, business owners, and entrepreneurs in order to build a custom app for them."
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1. Good original ideas are very scarce
I can't tell you how many bad ideas we've built.
People thinking they are making the next Uber, Doordash or Yelp, without disrupting the current process is a mistake (IMHO).
2. Riches are in the niches
Focus on a specific pain in an industry you know. fix those pains that large software companies are overlooking.
Tip: Failed payments can cause users to churn when they don't want to. Avoid needlessly losing customers by automatically retrying payments when they fail.
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Failed payments can have a big impact on your revenue, especially if you're using a subscription model.
While it's important to hedge against involuntary churn with email reminders about approaching card expirations, notifications about failed payments, and so forth, don't forget about the basics: Run it again.