π° Only 4 out of 70+ projects I ever did made money and grew
π >95% of everything I ever did failed
π My hit rate is only about ~5%
π So...ship more
inb4 MAKE book didn't fail, true it didn't but it's not really a growing project (which is okay that's the nature of books), if you do want to include it the % grows to 7% hit rate
Also I think many are a success like inflationchart.comhoodmaps.com but just not making $ or growing in $, which is perfectly OKAY by me!
The point is what are the odds % of making something that makes money AND grows? I think small and for me that's about 5%
Of the list remoteok.com/workers has high potential to become the 5th success I think which would raise my hit rate to 7%, but it's not there yet in terms of $
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It's eery how close this matches the Wiggles of False Hope, literally you try everything and nothing really makes it grow just up and down up and down for years @paulgnomadlist.com/open
I think it was difficult to get it going because the market wasn't ready for it yet. There weren't enough people working remotely and in turn not enough % of those people going remote. It's much different now after COVID with remote work now being mainstream
β Sent out rebase.co intro email to all new applicants
β Set up a sheet with lawyers to set onboarding calls
β Hiring extra lawyers/ppl to scale this up
β Added expedited VIP package to decrease demand so I can still process it
β Refunded 4 people (2%)
I feel like this now btw:
- I have to keep everyone who signed up happy
- I have to get the lawyers to contact every1 in time
- I have to digitalize/automate the first parts of the process
Very scary but nice process
Opposite of what usually happens when you launch something:
- nobody cares
- how do I fix this so people pay for it
- feelsbadman.html
I'm not saying it's impossible at all but if your goal is to make money so you can quit your job and go indie, you want to increase the odds and not make it harder for yourself.
You can make B2C later once B2B money comes in and you can live off it.
I know this seems counter to what I do: Nomad List is B2C. But with Nomad List I do the jobs of an entire startup team of developers, a designer, a marketer, an exec etc. If that'd be charged by market rates it'd be loss making at $450k/y which it makes now
π Lisbon is now
- the most visited city on nomadlist.com (>2x more than Bali)
- the most active channel on Nomad List chat
- #2 in nomads visiting based on trip logs
I think Lisbon (and much of Portugal) works because it's:
- mild California-like climate, not too cold, not too hot
- affordable relative to most of EU
- walkable (unlike much of SE Asia / world)
- friendly people
- lot of intl people already, easy to make friends
- tax benefits
- vibrant nomad / remote worker scene so nice feedback loop
- foreign land and real estate ownership (unlike SE Asia)
- foreigners have solid legal protections (unlike SE Asia)
- not much corruption (unlike SE Asia)