Tell HN: My Microstartups make $500/day while I'm sleeping

Re:Tell HN: My Microstartups make $500/day while I'm sleeping by u2077 on Monday January 03, 2022 @11:17PM (#29791261)

Obviously everyone’s path is unique, but could you tell us the most important things you learned along the way?

For example, my side project was not built for scale (was just a hobby at the time) and now needs rebuilding. I also wasted too much time perfecting things I thought mattered, but didn’t affect customers.

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Re:Tell HN: My Microstartups make $500/day while I'm sleeping by 1hakr on Monday January 03, 2022 @11:35PM (#29791369)

One thing which worked for me when i look back is, i spend less than 4 weeks to validate an idea, if it got traction, i worked on it more, if it didn't then i moved on. Validate and fail fast.

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Re:Tell HN: My Microstartups make $500/day while I'm sleeping by allenu on Tuesday January 04, 2022 @12:03AM (#29791574)

Can you elaborate on your success rate and how frequently you work on new ideas and retire failed ones? I'm curious how you decide to pursue an idea and how you measure if something is working now that you've done this for a while.

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Re:Tell HN: My Microstartups make $500/day while I'm sleeping by arrayjumper on Monday January 03, 2022 @11:45PM (#29791440)

How do you measure traction? And what should the measurements look like in 4 weeks for you to be able to say this might be worth spending time.

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Re:Tell HN: My Microstartups make $500/day while I'm sleeping by 1hakr on Monday January 03, 2022 @11:59PM (#29791542)

I set a goal on day 1 on what the microstartup should achieve once its launched. Traction is something you define for yourself and your product.

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Re:Tell HN: My Microstartups make $500/day while I'm sleeping by jsncbt on Monday January 03, 2022 @11:46PM (#29791441)

How would you mostly validate these ideas?

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Re:Tell HN: My Microstartups make $500/day while I'm sleeping by 1hakr on Monday January 03, 2022 @11:58PM (#29791539)

I would always try to do a quick launch, take no more than 4 weeks and launch it on PH, IH, Reddit, LinkedIn. The long term growth strategies are entirely different thing. But you will get basic validation. You are trying to fail fast.

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Re:Tell HN: My Microstartups make $500/day while I'm sleeping by sushid on Tuesday January 04, 2022 @12:04AM (#29791585)

I get that PH is Product Hunt but what is IH?

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Re:Tell HN: My Microstartups make $500/day while I'm sleeping by 1hakr on Tuesday January 04, 2022 @12:19AM (#29791688)

IH - Indie Hackers

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Re:Tell HN: My Microstartups make $500/day while I'm sleeping by scottharveyco on Tuesday January 04, 2022 @12:20AM (#29791701)

Indie Hackers

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