4 years behind, 9 ideas with 0$ mrr, thousands of hours on my ass, living on credit, dreaming and here I have my first 57 sales (one-time payments) for 1539$ in just 2 months. I was happy, but not for long.
I learned an interesting detail, making the first sales doesn't mean that the idea will eventually survive and work in the long run. It just shows that the idea is proven.
All my sales came from non-scalable channels (telegram chat with marketing strategists). I started looking for the same segment online:
- Buying promotional posts on telegram. - Wrote articles on local startup sites. - Did search advertising in yandex.direct, google ads - I did sms mailing.
Nothing. Not a single sale. Absolutely the same offer.
I have a question. Could it be that it was just a mirage? These sales confused me and gave me faith in an idea that is dead? Or should I dig further, test hypotheses, spend time looking for a segment?
Friends, please share your experiences. Thanks in advance.
My honest advice is to get a job and stop digging yourself into a financial hole by living off credit. Work on your project one day a week. Try to take what you have and pivot it to a problem more people have and you can solve. Your goal should be to make something that you can spend 1/3 of the selling price on ads to acquire a customer. If you can't sell it with ads and you need a human involved to close people, you need to be selling your product for however much it would cost to cover a full time sales person (not you).
What problem are you solving? Someone can sign up for gpt-4 for $20 and do this themselves just by asking it to write them a marketing strategy.
Your idea is not dead. It passed the first step. Now you move to the next one.
You can:
- Spend the next 5.3 months on a new idea. The expected value of this is $153.9 in 5.3 months.
- Spend the next 5.3 months doing your existing telegram strategy. The expected value of this is $4078.35 in 5.3 months.
This assumes your existing telegram strategy is reproducible. If it is - then double, triple, quadruple down on that. It's working, get after it. New channels are like new ideas, you may need to try 9 of them before you find one that also works.
If your existing strategy is not reproducible (I.e., in addition to the new channels not working your existing channel is also drying up) then I'd take a hard look at why.
And since this is HN: https://paulgraham.com/ds.html
Focus on making 10 people really love you, make their problem your problem, and you'll likely figure out the answer to your questions, eventually.
You have a niche of marketing strategists, who are willing to pay for your service. Marketing is harder than one can think, even when you think you found the right user persona.
Keep leveraging the telegram chat and maybe look at high-quality search intent (SEO traffic from Google), it takes time but it rewards in the long term.
The fact is that most (all?) of the sales come from the same channel/community and that the price is low enough ($27 on average) might indicate that people are simply wanted to support you, or they liked you or your content, not your product. That's the problem with builing in public trend.
You need to reach out to those who purchased, and try to do user interviews with them. Learn how to do user research, i.e. prepare questions, interview script, record them, etc.
Do you have any insights about the type of people who paid money for it? I would start from that image of your customers, and then think about where you can find more of them.
If you're generating marketing strategy for non-english speakers, I would figure out a particular vertical that you know exactly where to find those customers, and blast the crap out of it.
Sometimes your idea isn't worth scaling, but rather just focus on serving the people you've found and give them more and more value.
Suggestion: Use a tool that "creates marketing strategy for marketers and business owners". That should solve your problem.
scnr.