(from the latest issue of the Indie Hackers newsletter)
Honing in on a target audience can be a founder's biggest challenge:
Want to share something with over 110,000 indie hackers? Submit a section for us to include in a future newsletter. —Channing
Well, here we are. I've made the first classic startup founder mistake: I built NoFuss, a website builder, without talking to users first. Now, I'm trying to figure out who in 2023 would email markdown files to build websites.
I was so excited about this idea that I jumped straight into implementation without doing any market research.
How have you managed to find your target audience?
RJ Youngling says that solo founders unfortunately tend to start with product instead of market research:
The place where you want to start is qualitative market research. If you don't, then what you're doing is essentially making a key that you absolutely love, then going out into the world to try and find a door that your key will unlock.
It's not good to start with the key first. Start with the door.
Choose a door, preferably one with a simple lock. Then, make a crappy key and iterate a few times, until you can unlock that lock and open the door.
This is exactly how you should think about marketing. What audience do you want to serve? Where do they hang out?
Next:
If you're looking to improve your fundamental marketing skills, check out some of my essays!
Saad Arafat recommends effective user testing:
I would focus on getting beta testers and building a landing page with a solid value proposition. What makes your product unique? Who will get the most benefit out of it? How will it make their lives better, save time, make them money, or whatever else?
Then, using the beta testers, keep improving the product for a few weeks before fully launching it. Be sure to include pricing strategy in your series of tests.
Jason Cohen, founder of WPEngine, has a really good take on this. I highly recommend watching his interview.
Denis Balitskiy offers a suggestion for turning things around when you've already built a product, but have no audience:
Usually, the best approach is to build an audience first, validate the idea, and then start building the actual product (this time, with buyers in mind). But since you already have a product, try this:
As a rule of thumb, you should never build anything unless somebody is ready to pay you for your solution.
Amre adds a note about community:
I would suggest investing time in Facebook, Reddit, and other similar sites. Create a community to engage with the problem that your product can solve. Ask in all forums how users are currently managing the problem, then use that to chart your course for building!
What are your best tips for honing in on a target audience? Share below!
Discuss this story.
from the Growth Trends newsletter by Darko
❌ Twitter is shutting down its CoTweets feature.
📝 Here's why you should add pillar pages to your content strategy.
📈 Stripe will increase fees for EU and UK-based businesses starting in April.
📹 TikTok has added more video performance insights.
🏈 YouTube has launched its 2023 Super Bowl Ad Showcase.
Check out Growth Trends for more curated news items focused on user acquisition and new product ideas.
When it comes to writing landing page copy and CTAs, there are a few gems that are specific to indie hackers.
Let's dive in!
Copywriting is about conveying your product's value effectively. That's it. If you do it well, a reader from your target market will convert if it's the right solution for them. You don't need to try to get them to convert if it’s not the best solution for them. Manipulative copy is bad copy.
It's less about hacks and psychology, and more about knowing your audience, understanding their pain points, and communicating the truth of how your product can help them.
Here are the two toughest things about copywriting:
Here are some tips for writing copy that converts:
CTAs deserve their own section because they're incredibly important:
SEO is obviously extremely important in copywriting, but I'm not going to cover it much in this article. I wrote about it recently if anyone needs a primer on the topic. For now, I'll just mention a couple of things:
Did you know that there are copywriting frameworks? There are. Like, a lot of them. Here are a few:
I'm personally not a fan of writing with AI. I think it makes humans even less capable of communicating.
Plus, I actually tested it as an option for my other newsletter, and it was more work to edit it than it would have been to write it. So for me, it's not an option. But a lot of indie hackers are finding it super useful for getting started!
Jan Koch shared some solid tips a few weeks back, which I thought might be helpful if you decide to try using AI!
Books:
Courses:
Newsletters:
Will you implement any of these tips into your copy? Let's chat below!
Discuss this story.
by Josh Spector
I'm sharing growth tips for creative founders! Here's this week's:
Don’t obsess over meaningless metrics.
Most metrics don’t matter. The only ones that do are the ones related to your ultimate goal.
Let’s say your goal is sales.
Would you rather have 100 new followers where 20 of them buy, or 500 new followers where 10 do?
Subscribe to Josh's For The Interested newsletter or I Want To Know podcast for more.
Hi, indie hackers! I'm Akram Belajouza, and my e-commerce business hit $247K ARR. Then...I sold it.
Here's why!
Five years ago, I was thinking about starting a new business. E-commerce seemed like a good way to go. At that time, I was working as a freelance web developer. I had regular customers with whom I worked part-time on a weekly basis. So, I was not too worried about earning money, and I also had some free time.
When it comes to business, I was always an advocate of selling products rather than working hourly, since it's hard to scale a business if it is based on your time. Even if you raise your rates, you will still have limitations. So, I started thinking about what I could sell online. Natural cosmetic products were booming, and since I had some connections in that field, I thought it was a good choice. It was a growing market, and I had these advantages. I was also hoping to automate this side hustle so that, after a few years, it wouldn't rely on me anymore.
I had a little bit of money to start with, and I wanted to invest it in advertising. So, I talked to cosmetic companies, and they agreed to allow me to delay payments.
In the beginning, I was working on it by myself. After a few weeks, I knew that I needed to hire people to help me with order fulfillment and social media management. I eventually grew the company to a five member team responsible for order management and fulfillment, customer support, social media management, and general execution. The business was stable, yet not growing as much as I wanted.
We were able to sustain it and experiment with different approaches. Many things happened along the way: Changes in the Facebook Ads algorithm and ad prices, competition, COVID-19, and many other things, so we had to adjust. We also started creating our own products. Those were white labels by the producers, so we just had to create a brand, which was very interesting!
Money (the good):
The business was able to generate money. Some years, I was able to save all of the money I was earning from freelancing. The only downside was that the business was fluctuating from month to month. Some months, we would make a profit; others, we would lose money.
Time (the bad):
I had a vision that one day, we could find a product that we could scale. Finally, we found a winner product. With a good ad strategy, we were able to sell a lot of it. But, there were some problems.
The pricing was not optimal, and we didn’t scale fast. We sold the products at a slow pace for an extended period. A year later, when COVID-19 hit, sales started dropping. Also, the products were aging. If you don’t use time in your favor, it turns against you. We had to create new products, ad creatives, and designs. We were able to sell the products, but after about two months, we had to start the process again.
Future (the ugly):
Because we had to work on new products continuously, the expense of running the business was quite high. Unfortunately, I am not very optimistic about the future of this business. It started with reselling some brands, then ended up needing to create new products regularly.
For now, there is no stable future in sight, no automation possible, and a lot of continuous effort. I have learned a lot from it, but I didn’t achieve the goal I was aiming for: A sustainable business with stable revenue that didn't require all of my time.
I understand that you have to work hard on your project, especially at the beginning. After a while, there should be a clear vision about its future, which was not the case here. Maybe the next owner will have a different vision or execution. I decided to sell the project and move on to building my next!
Discuss this story.
I post the tweets indie hackers share the most. Here's today's pick:
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Also, you can submit a section for us to include in a future newsletter.
Special thanks to Jay Avery for editing this issue, to Gabriella Federico for the illustrations, and to Boris Kuznetsov, Darko, James Fleischmann, Josh Spector, and Akram Belajouza for contributing posts. —Channing