Tip: A little bit of creativity (and collaboration) can go a long way. Monetize the traffic of your competitors when they close up shop by suggesting a revenue share.

Thread πŸ‘‡
When @finesse_ay of Salesloop went to a competitor's website, he saw a notice saying that they had shut down. The notice included links to their other projects, indicating that they were still getting (or at least expecting) some traffic.
So he reached out to the founder and came to an agreement β€” they would link to Salesloop and split any revenue that came from it, allowing both parties to monetize the traffic.
The company updated the notice, linking John's product and recommending visitors to check out their "friends at Salesloop" for an alternative automation tool.
Alas, the arrangement was quickly shut down by another company that had (unbeknownst to John) bought his competitor's tech (so watch out for that). But before that happened, John got a solid 304 trials out of the deal.
All you have to do is partner up and track whether the leads from their site convert.

For more growth bites πŸ‘‰ indiehackers.com/growth-bites

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More from @IndieHackers

21 Apr
How do you prioritize new features in your product?

Good prioritization can lead to a better product β€” one that meets the goals of your business and your customers.

So if you don’t have a clear answer, check this out.

Thread πŸ‘‡
TL;DR: There are a ton of prioritization frameworks out there. In the end, it comes down to personal preference, but the DIE framework will be a pretty solid choice for many indie hackers.
1. Value vs Effort Quadrant: Rate a feature's value to the business and the difficulty to implement it. Plot the resulting point on a quadrant chart. The sweet spot is the highest value with the lowest effort. High effort/low value gets the axe.
Read 14 tweets
30 Mar
THREAD: How to come up with great business ideas πŸ’‘

Coming up with a fresh idea can be tough. Here are 10+ practices that can train your mind to see the opportunities around you πŸ‘‡
A few quick notes before getting started: Your idea doesn’t need to be unique, sexy, or the next big thing.

And worrying that it'll be too hard is normal.

So get those notions firmly out of your head before ideating.
Let’s start with daily practices.

Daily Practice 1: Get bored.

Leave time in your schedule to go on autopilot. Do the dishes, fold the laundry, drive β€” and don't turn on a podcast.

Your brain will go into what's called "default mode," allowing you to make new connections.
Read 13 tweets
29 Mar
Tip: Reviews are important β€” no surprise there. But your first review is even more important than you might think. If you plan to sell on a marketplace, boost sales by incentivizing your biggest supporters to be the first to purchase.

Thread πŸ‘‡
A recent study analyzed product ratings across multiple marketplaces and showed that a negative first review begets more negative reviews. This, in turn, leads to fewer sales, which leads to fewer reviews.
In fact, the study showed that 12 months after an initial negative review, the average rating was .29 stars lower, with 36.49 fewer reviews. The opposite was true when the first review was positive.
Read 7 tweets
28 Mar
THREAD: How to find technical co-founders online.

~23% of indie hackers are looking for a technical co-founder.

That's almost 1 in 4!

Meeting great people offline is hard these days, so here are 9+ places to find technical co-founders on the web πŸ‘‡
Quick note before we get started:

You should get the ball rolling on a minimum viable product before looking for a developer.

Yes: even if you don't code.

It's 2021. There are countless tools and communities to get you going.

Find them here: indiehackers.com/post/how-to-fi…
Source 1: @IndieHackers.

IH is crawling with devs looking to partner up.

And you're already here, so it scores points for convenience.

Get active, and check out the "Looking to Partner Up" group, which has nearly 16,000 members:

indiehackers.com/group/looking-…
Read 12 tweets
18 Mar
Tip: If you're quick enough, there's an opportunity in breaking news. Bring in more backlinks, traffic, and conversions by offering your spin on industry news before journalists publish anything.

Thread πŸ‘‡
Newsjacking is when a brand takes advantage of breaking news by injecting their own content into the story. It’s a powerful way to reach a bigger audience.
Carrie Rose of @riseatseven boosted organic traffic by 329% and organic conversions by 53% for a client within two months, primarily through newsjacking.
Read 6 tweets
16 Mar
Tip: If you've got design chops, you can garner interest in your product by showing off its design. Get traffic and signups by submitting your site to UI showcases.

Thread πŸ‘‡
Harsh Vijay of @RuttlApp got a big spike in traffic and a couple of new users after submitting his website to One Page Love.
Design showcase sites like this and Dribbble are unlikely to be the cause of hockey-stick growth, but they can help while you're searching for your first ten customers β€” especially if you hit the front page like Harsh did. Of course, you'll need a killer design for that.
Read 4 tweets

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