Amy Hoy says the best way for solo founders to start off is with in info product. Just to cut their teeth at marketing and such.
One thing, now that you have got that ball rolling I think you might consider another saas product in the future because you have so much learning about that.
The one good thing about a saas product with good market fit is that you will get years of recurring revenue from the same customers.
With pluggio I had some customers hitting $3.5k over time (and higher).
That is the real power of saas and why it's worth considering in the long run.
Edit: I guess it may be useful to note we have a bunch of articles here - https://blog.nugget.one/ - about how to avoid the kind of issues you spoke about in your blog.
Passive info products do seem to be the easier path to a more leisurely success.
Edit: missed a word
I have a couple of ideas I've been wanting to work on, but time is quite scarce as a grad student. I guess it's partly because I tend to overthink (and over-design) my ideas, and end up getting overwhelmed before even touching a line of code! What's even worse is that the majority of my ideas are intended for my home country (EST+6 timezone), since I think it's much harder to be successful in an over-saturated market like the US.
For example, one of my ideas is designing an Uber-like service for my home country. The current roadmap (which I haven't started on) is as follows:
1. Design a basic placeholder site with some info on the app/service
2. Run a limited ad campaign to gauge interest and ideally collect emails (Google, FB, local radio, local newspapers)
3. Try to get interested users to fill out a survey
4. If the results from 2) and 3) are promising, start developing a barebones MVP
5. The MVP will target one city, require manual signup for drivers, and only have a simple web client
6. If successful, start hiring local developers, optimizing server-side, and designing an Android app (iOS is a very small market)
Any advice for someone in my position? I'm open to all types of feedback from any HNer - it's always good to get an opinion before working on something like this!
I am not sure if a web-client would do the job. From my knowledge, interacting with maps on a mobile browser can be an aggravating experience. If an app doesn't do the job, isn't immediately useful, people discard it without further consideration which makes B2C things tenfold hard.
The surest way I see for it to work is to start as boring-taxi company that has a phone number and a person at the end. Then, slowly move into automated app-like way. I am guessing that's how OlaCabs, India's Uber, got started. Automation is awesome but there are so many points of failure in Uber-like venture that it's better to be safe by doing manual tasks.
I've thought about a virtual secretary but I'm not so sure how helpful it would be. They would need pretty specialized knowledge to be able to help much with support requests. I don't have so many meetings that I can't schedule my own.
As far as Uber for your country. Does Uber not exist where you are yet? There was another one in Malaysia called GoTaxi or GrabTaxi that I thought was interesting. It connected you with 'real' taxi drivers for a pre-arranged flat fee for the ride. One guy told me he used it just so he had a record of what taxi he was in incase he got robbed by the driver.
Edit: latent thoughts
That sounds interesting actually. One of my biggest concerns is push back from the local taxi union, so that may be a better way to approach it. I'll definitely look that service up.
As a fellow (though happy) SaaS owner I'm trying to imagine being in your shoes. My goal is spending my time on something (~a problem) that interests me and hearing that customers benefit from what I offer. I think that is the awesome part of it.
This results in freedom and earning money, among other things. I don't earn as much as you but I care very little as long as I can do the above. Obviously you need to be able to cover your expenses, but that's another story.
I couldn't imagine starting this with the goal of working as little as possible while getting paid as much as possible. I don't know if that is what you are saying, but I hear this sometimes.
Am I getting too philosophical about it?
Same boat - You can make the most detailed image based walk through FAQ tutorial documentation what have you and you'll still have days filled with customer support.
You'll wake up one morning with multiple emails from billing to product support. The more you grow, the more they come.
PS: You're product hit the nail on the head. I've recommended it to a few podcast clients in the past.
Thank You! I'm relying entirely on word of mouth marketing at the moment so that really helps!
BTW - What's your project?
My experience has been that support requests can be near zero if you actively work on some kind of automated solution for the highest frequency problems.
My new goal is to have every single error or notification have a built-in link that takes them to a solution article. This seems to be effective so far.
One example I heard recently on a podcast was cssanimation.rocks. Basically his thought process was: I want to teach people something regarding CSS. I can't teach people ALL of CSS in a book (too much work). I like making animations. I'm going to focus on practical animations (forms, list boxes, basically things all sites do). He started posting some useful blog posts that taught people some of the basic concepts and captured emails. Now he has paying subscribers to an email course.
Disclaimer: I fail to do everything I'm telling you to do.
There's some great advice in your post about your ill-fated Snip (strong name!) product, anyway!
(I'm not sure I agree about product businesses - I think it depends on the industry and your connexions - but certainly no one should think that going it alone will be easy.)
One key for any potential SaaS market is to make sure you have a way to reach that market. Make sure they are on email or social media in large numbers.
I too pivoted to information products. Good luck with your course.
We concluded very quickly that the problem is reaching the audience. We did have a strategy, but the impending arrival of babies means that the entire thing was put on ice.
It's tempting to revisit the niche because, at least if our numbers are correct, we have a real chance of being able to reach the niche whilst keeping the CAS manageable.
So, not sure if there ks a forum for salon owners, but if there's not, that's the first thing I'd look at building. And if there is, well, there's your marketing strategy. (At least a big component of it.)
For myself, I'm writing desktop software for developers which is a market I know and something that really interests me. On top of that, there is no need for continuous uptime
Truth is that info products are perfect for solo founders as a way to start generating revenue for bootstrapping something else (or simply as additional income). Marketing them is easy. You just have to put samples online, work the SEO, and share it on social (inbound). Building one is also simple. No need for anything fancy. Ive sold info products using a static page and a paypal button.
Depending on your niche you can do some pretty big numbers.
I spent 5 years trying to get a micro ISV off the ground which made scheduling software for hair salons. It was a terrible idea for a large number of reasons (described in detail here: https://www.jasonswett.net/im-shutting-down-snip-heres-why/) and I never made more than about $430/mo.
My opinion now is that info products are a better way for a solo founder to get started with a product business. The reason is that a SaaS product can take a huge amount of effort (perhaps pre-traction effort, which is risky) to get off the ground whereas an info product business can be started with a tiny "guide" and then expanded outwardly from there, keeping effort in proportion with traction the whole time.
My current business is AngularOnRails.com, an info product business. In its third month of making money, it made $1580, over 3 times what the SaaS made at its peak. Here's a detailed income report: https://www.jasonswett.net/november-2016-angular-on-rails-in...