9 Things I realized while making $5,000 from my startup π€―
Hey Makers,
Nithin and I started LaunchPedia on Jan 8th 2023 and it's been an year of roller coaster rideπ’
From literally making no money in the first 6 months and coming close to shutting down,
to making $5000 from our digital products in the last 4 months.
Here are the 9 lessons I learned from our journey:
β It's not wrong to pivot. It's better than giving up.
β Build multiple small bets, until you know what works
β Plan monetization whenever you're building a new product
β Build products that make money, especially when your savings are on line
β Don't overlook email marketing. Collect email addresses, build funnels and setup email sequences from day 1
β Donβt delay your launch. Ship fast, validate the idea, get feedback, and iterate.
β Leverage side project marketing. Build free tools and directory sites to increase your distribution and upsell your paid products.
β Validate the idea using short term distribution strategies. Ex: PH launch, listing on directories, & Ads.
β You don't need to build fancy products, you can also build info products as long as it is helping people.
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