• Breaking News

    Monday, July 9, 2018

    Startups I built apps alone and scaled to 50k DAUs and $3000 MRR without spending a penny of marketing

    Startups I built apps alone and scaled to 50k DAUs and $3000 MRR without spending a penny of marketing


    I built apps alone and scaled to 50k DAUs and $3000 MRR without spending a penny of marketing

    Posted: 08 Jul 2018 08:57 PM PDT

    I come across entrepreneurs who are trying to build an app business/company and are looking for angel funding to get started.

    Of course, investors don't invest in ideas. I was pretty much in the same situation about 1.5 years back, so I learnt coding myself and started building android apps. I never had the funds to hire developers.

    After the app was ready, I had to bring users, and I didn't have a marketing budget to hire marketing folks or spend on ads, etc.

    I could've easily approached investors to help me with funds to market my app, but I decided to not do that and decided to instead learn of ASO for organic app promotion that didn't require an advertising budget. I learnt a lot on ASO and soon my app was ranked on top positions for different keyword searches on Google play store.

    As of today, my apps have 50k DAUs and I make $3000 MRR from ads and in app purchases.

    If someone else needs any advice on building an app company, I'm happy to help with whatever I know.

    submitted by /u/markyonolan
    [link] [comments]

    [Austin, TX] A fair deal?

    Posted: 08 Jul 2018 06:19 PM PDT

    I'm considering a position at a startup that is post-MVP, 10 customers awaiting a product, and has raised their first angel round of $500k.

    They're offering $55k/yr as a 1099 and 7.5% equity to be the cofounder and CTO after the old CTO was fired for incompetence. (I've seen his work, don't pity him.)

    Personally, I have about five years of experience as a developer and co-founder. I've founded one company before, that failed, and built the MVP for two more.

    Is this a fair deal? What's a typical salary and equity stake for a company at this stage?

    submitted by /u/ksoviero
    [link] [comments]

    What domain name is best, short and sweet or long and descriptive?

    Posted: 08 Jul 2018 07:18 PM PDT

    Yet another project and I'm once again in the market for a new domain. I'm torn between something short and sweet vs. something that is longer and more descriptive.

    I've been down this road before and feel burned after selecting a more generic name for a service that required some name recognition - there was just no way to Google it.

    On the other hand I have done well with a more generic name that depended on long-tail SEO (10s of millions of pages linked from something like descriptive-name-with-dashes.com).

    The new venture will be long tail SEO focussed again but I also want the domain to feel less fly by night. Are people more or less likely to click with the following scenarios:

    • coffee-maker-review.com vs beantalk.com (so limited keyword overlap)
    • domain-name-generator.com vs. fleetnam.com (so no keyword overlap)

    The former in each example feels more descriptive, but I also feel like clicking on it would bring up a page filled with ads and zero useful content. That said, the latter options are more easily skipped over if you were to quickly scan the search results with the old eyes glazed over.

    What have you done successfully / unsuccessfully?

    submitted by /u/422long
    [link] [comments]

    B2C mobile game marketing advice

    Posted: 08 Jul 2018 11:10 AM PDT

    Myself and two other partners acquired a trivia database with over 1 million trivia questions. We built a mobile app on top of it and launched our GA version into the iOS and Android app stores about 2 weeks ago.

    With limited marketing we've built a small user base of about 300 DAUs. Working in the B2B side professionally, the B2C marketing space is new to the team.

    I was wondering if there is any advice on cost effective techniques to help grow the user base, especially in the crowded mobile gaming market.

    Thanks in advance for any input.

    submitted by /u/cabbagepimpernel
    [link] [comments]

    Founding a distributor with 0 money

    Posted: 09 Jul 2018 01:17 AM PDT

    Hi So I am a lurker from this sub but I really don't know much about start-up I am still trying to learn the basic . So I had this business idea ( I don't think it's useful to go into details ) but to be a distributor who will sell online traditional clothes specifically for girls from minorities ( middle eastern, north/east/west african, south Asian , etc ) .

    I noticed that when they go to community gathering ( wedding, baptism, birthday, events) they wear their traditional clothes which are hard to find in europe. Do they buy from creators that are selling the items a bit more modern online . The thing is it is a bit hard to find what you like at a good price also theses brand are recent so they are not very famous they don't have any platform and I always see girl asking each other on social media « where did you got that dress,saree or caftan ? » . What I wanted to do was to create an official distributor for theses brand and to classify the items by price, type , and even to create outfits .

    The thing is before asking for partnership I need to know if their is clients willing to buy my outfits online on the website . But I have 0 money since I am still a student . My plan was to do a market research see if people are interested then ask for partnership then raising funds probably on kickstarter since I don't think business angel would invest in an inexperienced team of students . But my 2nd problem is that there is the possibility that people act interest during the market research and then disappear when the service is available because there is a huge difference between what we say we are ready to pay for and what we actually pay for . On the long term I would like to create a retailer that sell worldwide mostly in the West ( Europe , Canada , USA , Australia) since this is where they do not have access to traditional clothing .

    Any advice will be appreciate since I am really unexperienced also if you have books or blog that you recommend for beginners about retailers, distribution, startup in general I'll be grateful .

    Thanks for reading my post . Sorry for the grammar I am from Europe .

    Ps : one of my teacher at uni who worked in a VC sayed that the idea was good but that I should go into an incubator since I have 0 experiences. The thing is , is it really smart to go into one at the idea stage ?

    submitted by /u/Tara456
    [link] [comments]

    Bringing My Startup Mindset to Corporate Job?

    Posted: 08 Jul 2018 11:08 AM PDT

    Hey everyone,

    Was working on my startup for about six months, met investors, pitched, got offers of funding but closed up shop as I didn't feel confident iterating on my idea as I didn't see the long-term potential of it. Turns out some of my assumptions were invalid even when I was careful to do market research and understood the niche market.

    I got an offer to come in as a Creative Director at an agency in New York City, and am starting tomorrow. I guess I'm so used to the startup mindset where I need to fix issues ASAP and there aren't enough hours in a day. I gave about ten, detailed proposals in the series of interviews I had for this job as well as projections and the director/hiring manger seemed enthusiastic but a little overwhelmed.

    I guess I need to transition into the 9-5 mindset, while I work on my ideas for a new startup, but it's difficult not knowing how to approach a corporate gig. What if my team, that I didn't pick, don't vibe well with me? Do I have to deal with bullshit office politics when I came from an environment where nothing mattered except milestones and shipping products? How do I relax and not come off as if I'd had five adderalls and a cup of coffee? Take projects day to day since they're not even mine?

    submitted by /u/iseelivingpeople
    [link] [comments]

    New to starting up a business, I have some initial questions?

    Posted: 08 Jul 2018 10:49 AM PDT

    What does it mean to "validate" a business idea?

    And once you have an idea? How do you get money to actually startup? Or should you build your own startup fund beforehand?

    I heard the general way to create a company is to find a problem and fix the problem right?

    Well, I imagined a scenario in my head where a people bought some food at a food truck or something and needed some eating utensils.🍴, so I developed the eating utensils switchblade which would have a spoon/fork/etc. for on the go

    Except it had already been done, it's really hard to come up with a product. I can't do anything tech related because I can't code or network, I'm going to have to pursue a product I can design and get manufactured so I can sell it

    Advice?

    submitted by /u/Dellrup
    [link] [comments]

    Is the HR software industry done?

    Posted: 08 Jul 2018 08:37 AM PDT

    Hi,

    Is the HR software industry too crowded for new startups? I built an HR software web-based application and want to get started on actually marketing it. However, with Oracle, SAP, Workday, Ultipro, BambooHR all in this space, it feels like if I approach any business, they will probably be using one of these companies and not want to switch. Furthermore, other companies will easily price me out.

    It's obvious that HR software demand is there, since all these companies exist. However, is there no space for yet another competitor?

    submitted by /u/coolio777
    [link] [comments]

    Real issue with multi-level marketing?

    Posted: 08 Jul 2018 11:58 AM PDT

    Hi,

    I know I'm in for a lot of downvotes, but can someone explain to me what is the problem with multi-level marketing when there is no entry fees?

    I get the point for pyramidal schemes where there is no product and you need to enlist paying people to get revenue, but if there is no entry fee and an actual product is being sold, what could go wrong?

    I see this as profit sharing with those involved in marketing and recruitment. As long as there is no fee to start and begin with, can someone explain the issue? Some may say that at one point it will not be possible to recruit so the first comers will always be in better position. Can we actually reach that point? Even Facebook doesn't own 100% of the market. How can you thing a multi-level marketing company can reach the whole population? And even if we get there, if the system is sustainable and people keep on purchasing the product and sharing marketing costs, what is wrong with that?

    Thanks

    submitted by /u/Blackraist
    [link] [comments]

    Would you consider this a fair job / equity offer?

    Posted: 08 Jul 2018 11:28 AM PDT

    A friend of mine wanted to launch a website. He asked me to design the website and paid me for that.

    After this I've helped him with the logo concept, and worked for the past months on website improvement, mostly helping him with the user experience and fixing minor CSS issues. All this for free.

    He's a developer and did most of the work, also paying for legal services and stuff like that. My future job would be to help with support, possibly work on some marketing and design mobile apps if needed.

    We talked and I asked if he was willing to give me some equity instead of the salary. My idea was that this way I could feel more motivated and focus 100% only on this project.

    He agreed and offered me a 5% equity plus some salary.

    I've tried to tell him I don't care about the salary but I'd rather get a bigger amount of equity and he replied that the 5% is more than enough.

    I don't want to ruin this friendship and seem like I don't appreciate his offer, but also I don't want to make a bad choice, as I'll probably end up giving the next few years of my life to this project.

    Would you consider this a fair offer?

    submitted by /u/RazerPSN
    [link] [comments]

    Where to find a marketing co-founder?

    Posted: 08 Jul 2018 07:50 AM PDT

    Hi,

    I recently launched my service a few days ago and I realised that I'm not good at marketing and I don't like it. So I was recommended to find a co-founder that is good at marketing. I did searches around and I'm not really sure how to start find one. I'm in my early twenties and new to this field.

    Where would you start? Are there any marketing focussed people who is interested? Although he should be marketing driven, he should know the basics of the technical side or willing to learn this field.

    I'm not sure if I'm allowed to display my service here. If it's okay to do so, I'll update my post. Let me know if this is OK.

    EDIT:

    About My Service

    So my service is a platform where people can review software project by exchanging feedback with each other. The problem I'm solving is allowing project owners to get valuable feedback on their projects and improve their quality overall. There isn't really any competition with this platform. I launched this service a few days ago and I got a few sign ups with no budget. I'm on a low budget and I don't have the experience/skills to market this service properly.

    submitted by /u/azhan18
    [link] [comments]

    Formation Advice

    Posted: 08 Jul 2018 06:34 AM PDT

    Hi all - new to the sub and hoping for some advice. I'm looking to start up a company with a 3 others and struggling with the formation.

    First we need to form the company and get the shares distributed correctly. I've heard that it needs to be registered as a C-Corp if we are looking to raise some rounds of capital. Does anyone have some advice on where/how to do this and what is the simplest way to get it done?

    Also are there any links you can share about distribution of equity based on the various roles/contributions?

    Appreciate the help on getting started and I apologize for the newbie questions.

    submitted by /u/bz237
    [link] [comments]

    No comments:

    Post a Comment