Your Minimum Viable Product is Processing Credit Cards

Re:Your Minimum Viable Product is Processing Credit Cards by ctek on Wednesday January 09, 2013 @10:19AM (#5031896)

I was working on my niche web app, http://www.pageblox.com for many months and was at times (when feeling overly optimistic) extremely delusional about how much I would make when I turned on payments. The truth is, you have _no idea_ what your conversion rates will be until you actually turn on payment processing. I thought it would be around 2% but in fact was less than .1%

Even though I only made $95 my first month (a lot less then what I had hoped) I now have a clear idea of where I stand and what needs to be improved and tweaked. It'll be a slow and at times painful process (SEO, A/B testing, blog posts, re-design, features) to make the profitability worth all the hours put in so far...

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Re:Your Minimum Viable Product is Processing Credit Cards by onetwothreefour on Wednesday January 09, 2013 @04:40PM (#5033693)

What HN fails to tell you is that making money, and turning a profit (big enough to make things worth it) is actually really hard.

I wish you all the best in this endeavour.

[ Parent | on HN ]

Re:Your Minimum Viable Product is Processing Credit Cards by charleshaanel on Wednesday January 09, 2013 @09:25PM (#5034968)

I couldn't agree. You have put yourself head and shoulders about the 90+% of people who either are to fearful to even try what you did.

Congrats.... "Boldness has genius, power and magic in it..." - Goethe

[ Parent | on HN ]