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Staying up to date on your market (on sort-of autopilot)

Staying up to date as an indie hacker can be tough. You've gotta know the latest about your wider market, your niche, your discipline (development, marketing, etc.), and honestly just about every other discipline too.

Plus, if you want to get really overwhelmed, you could stay on top of demographic trends, economic trends, new rules and regulations, and on and on and on…

So I was curious how indie hackers were staying on top of everything. More to the point, I was curious how they do this and remain productive.

Here's what I've found.

Sources

First off, let's talk about where indie hackers are getting their intel from:

  • Customers: This is super important. One of the best ways to stay relevant is to understand what's happening for your customers. Talk to them about the product. Talk to them about the industry. Read their reviews and what they're saying about you. Engaging with your customers is just good business.
  • Competitor: Keep tabs on your competitors, as they'll likely have their fingers on the pulse. Get on their email lists. Read their blog posts. Follow their socials. Check out their roadmaps. And per above, see what their customers are saying via review platforms like G2 and Trustpilot.
  • News: This one might be a little too obvious but I can't just not include it. Read the news that is specific to your product.
  • Industry newsletters: I'm a huge fan of newsletters, and in my book, there's no more efficient way to stay on top of things. Invest some time into finding (and then winnowing down) the best newsletters for your purposes. See what other people you respect are reading. Look for the ones that curate and distill everything you need to know, as well as those written by thought leaders in the space. If one of them wastes your time, remove it. In case it helps, here's a list of good newsletters for indie hackers.
  • Podcasts: Same deal as newsletters.
  • Blogs: Same deal as newsletters.
  • Social media: This is another big one. Find experts and folks with their fingers on the pulse. Follow and interact with them. Follow your competitors (as I covered above). Note specific hashtags that you want to stay on top of. And set up social listening for keywords like your product name, your competitors' products, and relevant words for your market. I personally enjoy the email notifications I get from reddit and Twitter. And speaking of Twitter, Twitter lists are a good option too.
  • Communities: There's a reason you're here reading this right now. Communities and forums are right up there as some of the best places to find info before the masses catch wind of it. People in the know are having conversations all over the internet. Don't just read the posts. Read the comments.
  • RSS: There are plenty of RSS readers out there that will help you stay on top of updates from your go-to websites. That way, you don't have to waste time checking each of them.
  • Books: Of course, it's always a good idea to read — some of the most successful people in the world read crazy amounts to stay on top. It's time-intensive, though, so I'd be very selective about what you read.
  • Ongoing ed: Trainings, courses, bootcamps, certifications. Be discerning about which ones are actually worth your time, though. And keep in mind that most free options will be for beginners.
  • Conferences: If there's one in your industry, this can be a decent option for learning the latest and meeting folks. And if not, well, there's always Microconf.
  • Industry organizations: Lots of industries have organizations that you can join. As I understand it, the main benefit is networking.
  • Networking: Shoot the shit with people in your industry. Learn from them. Meet interesting people. Ask them what trends they're seeing.
  • Industry buddy: More in the same vein here. If you find someone that you like and respect, set up a regular time to meet and talk shop.
  • Mentor: Mentors are hard to come by, but if you can find one, that's gold. Stay in contact. Meet with them regularly. @dqmonn's MentorCruise might be an option for some.
  • Co-founder: If you've got a co-founder, leverage them. If you're sharing what you learn with each other, you won't have to do so much looking. And it diversifies the sources nicely too.
  • Working in the industry: And a personal favorite is to continue working in the industry while you build your side-hustle. Your work, in addition to paying you, will keep you up to date. And they may even pay for ongoing ed if you ask them to — many do since it's in their best interest.

Routine

So how do you do all of this? You don't. I'll talk a little bit about the highest-leverage, quickest-to-consume sources below. But here are a few tips for staying efficient while you consume them.

  • Time-box it: Regardless of whether it's daily or weekly or something else, schedule it. This will help you to remember to do it. It'll also prevent you from doing it for too long or procrastinating with it when you should be working. Try to figure out when you're least productive and schedule it then — usually sometime in the afternoon..
  • Batch it: In that same vein, do it all at once, not piecemeal throughout the day. It's much more efficient this way.
  • Be discerning about content: Identify topics and sources that you want to learn from. Don't go outside of those. Rabbit holes are not your friend here, and neither are interesting stories that don't apply to your business (those are great, but save them for later).

Autopilot (sort of)

I'm a big fan of starting with a main gig and a side-hustle. Whether you're employed or freelancing, allow that gig to inform you (and pay you) while you build your product. So start there. Then do the following:

  1. Spend a little time finding and signing up for newsletters.
  2. Set up Google Alerts for relevant keywords.
  3. Set up a Feedspot-type of product (see below) to send you updates via email. Don't forget to target relevant communities with it.
  4. Set up social listening via a product like BrandMentions, targeting not just your product but competitors and relevant keywords as well. Get those notifications to your email.

And voila: You're getting a ton of information on autopilot. Information is sent to your inbox, and all you have to do is read it.

Now, block out a time for consuming this info in your schedule. And get back to work.

MONETIZATION BONUS: If you're already consuming this content, perhaps it wouldn't take much longer for you to create a newsletter where you post the curated links (at a minimum) or even summarize them. That way, you can monetize something that you're already doing anyway. It won't be for everyone, but it may be a slam dunk for some.

Tools

To do all this efficiently, here are some tools that can help:

  • Google alerts: I'm not a big Google fan and I don't particularly want them to have my data… but their alerts are super helpful so I've got a few going at any given time.
  • Flipboard: Here's a news feed of what matters most to you.
  • Feedspot: All your favorite sources from youtube to RSS in one place. I use this and their email notifications have been super useful.
  • Feedly: Similar to Feedspot, but it comes more highly recommended by indie hackers.
  • Vivaldi: A browser with a great browser-based RSS feature.
  • Paved: Technically, this is a place for sponsors to find newsletters, but you can also use it to find quality newsletters for your own purposes.
  • Mention: This is a social listening platform where you can track content sources to find mentions.
  • Social Searcher: Search for mentions for free.
  • BrandMentions: Their social tracker allows you to track mentions of your brand and those of competitors. They also have a hashtag tracker.

How do you stay up to date?


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  1. 3

    I would add that writing content yourself makes you do research yourself and stay up to date

    1. 1

      Good call! That’s a great addition 👍

  2. 3

    For staying up-to-date, can't resist mentioning microsaasdb. For those who are in SaaS business microsaasdb.com offers a easy way to search all emerging SaaS products in your niche. That way you know what are the new products in the market, what niche they are in and their activity level.

    1. 2

      MicroSaaSDB is good.

    2. 2

      Great website will definetly use it

  3. 3

    👏
    Skin in the game 🎯

  4. 2

    Insightful sharing. I'm also using time boxing method too and it's really effective

    1. 2

      Yeah it’s super helpful!

  5. 2

    I subscribe to newsletters and I'm pretty active on social media, so I rarely miss out on what's happening.

  6. 2

    It is very useful to follow up the footsteps of competing products in real time.

    1. 1

      Yep competitive analysis is is super helpful!

      1. 1

        If you'd like to step up your competitive analysis game, I'm giving away my info product where I share best practices and tools (nearly 500 of them) that will help you research any competitor: https://www.indiehackers.com/post/giveaway-info-product-for-company-research-84190c0d14

  7. 2

    It makes sense to create your own tool to stay up-to-date with your relevant field, at least if there is a possibility to scrape the data automatically.

    And indeed, this is how I came to create https://ooir.org - - I always wanted to stay up-to-date with scientific findings, and listing the current research trends is precisely what OOIR does.

    1. 1

      Nice! And yeah, making a tool to handle it is a great idea.

  8. 2

    Again, thanks for sharing! This really feels like "hacking" the market, or at least, navigating through it.

  9. 2

    I agree with what you said, being active on social media changes whole process. Social Networking is everything. 😀

  10. 1

    For staying up-to-date with my market, as a founder of InteraxAI.com, a no-code white label platform that offers monetizable and embeddable AI widgets, the top 3 things that worked for me are by doing industry research, getting customer feedback, collaborating, and just continuous learning in general!

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  12. 1

    I subscribe to newsletters and I'm pretty active on social media, so I rarely miss out on what's happening.

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  13. 1

    Well its great to see you've listed down some of the crucial important points to make note of.
    But I also believe in being awake and conciuos of the market by not only going through the recent news and technologies and being updated but also a sense of imagination of the future, a sight you'll see when you are into the phase of 50-50 ratio of learning and applying the knowledge on the same day....

    1. 2

      Great point! Be the person who creates the trends 😀

  14. 1

    Wow, you've really covered all the bases for staying on top of the latest trends as an indie hacker! I use another app that track when a Reddit keyword gets mentioned. (Its called f5 bot.)

    I use it a lot on my previous projects and am able to get 50k+ of free traffic leeching off of reddit. I'm doing the same for the AI app that I created (AI version of Karen and have already got 2,000 traffic even just launching 5 hours ago.

    1. 1

      Yeah I agree - Reddit is probably one of the best places to stay on top of he latest trends. And I’ve heard f5bot is pretty great!

  15. 1

    Google Alerts are great. I may need to try some of this social listening stuff too.

    Generally, when I'm heads-down on something, I block out all the noise and ignore my emails. Then I'll often take a few hours to get caught up on the latest when I'm in between sprints.

    1. 1

      I think blocking out the noise is key - I like your approach. 😀

  16. 1

    Yeah, I struggle with this too. There's just way too much content out there to consume. I just have one news source and two newsletters that I go to. And I read them with my morning tea before I start working. It's a nice way to start the day. And sure it would probably be good to consume more, but this seems to work well enough.

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