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by NiagaraThistle
1974 days ago
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definitely not taking any of your comments as 'being an asshole'. I genuinely appreciate the feedback and advice, and 100% agree with each of your points. I am the first to admit product /= business and project /= startup, but the terms do definitely get interchanged a lot now. my comments above fail to clarify that 'hunkering down' is not the only aspect of building something successful, nor do i think the '12-, 24-' hour hack sessions (regardless of what you're building) are a good formula to success, i've been very guilty of putting in the work but not doing so smartly in the past. I guess i was just trying to nail home the fact that if you want to start something on the side it IS going to take extra work, and that might be uncomfortable in the beginning, but some work is necessary. And i also definitely agree with the fact that many of my ideas don't lead to community, and agree that a vibrant community is a great means to success, most of these are 'scratch my own itch' type projects. But my primary point was , good or bad, ideas surround us daily. Thanks for your advice and feedback. I genuinely appreciate it! |
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I'll comment on your Zero to Century project as it's launched.
I think the gist of what the OP is asking is working on a startup idea that can potentially be very viable financially.
There's a lot of companies doing what your Zero to Century aims to do (stickk.com) comes to mind - which you may already be aware of.
Looking at stickk as an example, their approach is more generalized (ie. any commitment and not one tied to a particular activity) and thus a much bigger market. For your product, the question comes simply to what is the size of your market that would potentially pay for your accountability service for bike riding. The second question is how would you even reach this market.
Is it possible that this product would reach $50K, $100K, or more in a year in revenue? How many months, years would that take? How much marketing effort is there in terms of time and cost? I don't know the answer to these but considering you are targeting B2C and competing with products like Stickk my intuition tells me it would be hard.
So, I guess one constructive feedback I can give you is that I see a lot of projects that you are working on. It seems that you enjoy building these projects. I don't see the type of deep critical analysis that would indicate that you have a path to substantial revenue.
Out of the projects you have listed, which one could actually generate $100K a year in revenue after 1-4 years in the market? Personally, I start with that question and go from there. Just based on cursory look, it seems that this question is at the tail end of your analysis.