August 12, 2018

I'm tired of reading posts that talk about rocketship revenues in too less time! Or is it just me?

What's your reaction when you see blog posts like,

I made $<insert 5 or 6 random digits> in <insert any number between 3-7> months.

I have grown tired of reading posts like these.:

  • How I made $100,000 in less than 7 months of launching my business?

  • How cold-calling people helped me generate $50,000 in sales in 30 days?

  • How "marketing strategies you failed at" helped me earn "money you can only dream about" in less than "nopes 1 year is too long"?

There are definitely some exceptions to this. Towards the end of this note, I will share a simple way I use to identify those exceptions... our ancestors knew this "technique" (noticed what I did there 😇).

Let's talk about this first. What's the intent when affiliate bloggers, marketers, consultants, sales guys, etc. write such tried-n-tested formula posts/guides/article/e-books?

  1. use those $$$ as a "PROOF" to establish their authority.

  2. get you to buy one or the other products they sell, including but not limited to, courses.

  3. get you to enter their marketing, aka drip campaign funnels. Dude! You're so screwed then!

  4. convince you they have a "magic trick only they know" up their sleeves.

Anyways, here's a simple tactic I use to completely ignore such posts:

See, any success takes time. And when I say success here, I mean money for the context of this post. Every other exception is an outlier. In that regards, I still remember what my boss in my first and last job told me once "you do not build a business on exceptions".

So, here's the formulae I use to identify exceptions:

  • Revenues: Less than $20,000

  • Timeframe: More than 9 months (nope, it's not a coincidence)

Would love to know your thoughts on this...

P.S. Why I wrote this? When I started Springzo in early 2016, I was all pumped up reading "we made this much money" in "this less a time" all over the internet. Springzo started as a content marketing agency and B2B sales is time-consuming and tests your perseverance. More often than not, for every one sale you close, you have to go through several dozen "Nope, we are not interested..." This is also true owing to high-ticket sales and the opportunity cost and risk involved for the client. I vividly remember the disappointment that set in for weeks when I was not able to close even a single sale.. my first sale. You see, a mismatch of expectation - what you read all over the internet vs. when reality sets in?


  1. 50

    That's something I call "startup porn", because like porn, it has very little to do with real world.

    It's good stuff to get you excited, but very bad for you if you start believing that as how everyone succeeds. Real world is sweaty, awkward and when you're starting up you have no idea what you're doing. It takes trust and a lot of hard work to get better.

    1. 3

      This is the closest description and definition anyone can come up to! I am printing this and putting it on my pinboard!

    2. 2

      I fully agree. I'm usually definitely more interested in people telling me how they achieved a step forward than by people telling me how rich (count by the millions) they got in only 2 weeks!

    3. 1

      Amen. Thank you.

  2. 24

    I've met many indie hackers over the past several years who are afflicted by what I'll call the Salary Mindset. The Salary Mindset says that we should be compensated for our input. It says that the harder we work and the more hours we put in, the more valuable our contributions must be. It says that putting ourselves through painful slogs is not only necessary, but it's The Right Wayâ„¢ to do things.

    This is, of course, wrong. I think part of it comes from the modern day workplace culture, which pays us for the time we put in, not for the value we create. And part of it is just intuitive… we evolved in a world without the internet, without a complex economy, without the modern tools and strategies that can give a person who uses them well extreme leverage.

    So what is it that actually matters if it's not the time and effort you put in?

    It's the outcome for your customers. What matters is the value (relative to alternatives on the market) you create that customers experience, as well as customers' ability to easily understand how that value affects their bottom line.

    I know people who made six figures the first year that their product business launched, while working 20 hours a week or less. Many of them launched in under a month and started making money immediately. Some of them had no audience whatsoever to begin with. How? They're operating in extremely valuable markets, where customers will pay a lot of money for help with clearly-defined problems.

    It's almost worth labeling this a "magic trick only they know," because very few people follow these basic principles, even experienced indie hackers who've read hundreds of interviews, articles, guides and seen the same advice over and over.

    …Those of us toiling for 3, 6, 12 months on products that have never seen the light of day, without talking to any customers or validating the market. Those of us obsessed with building clever, novel widgets that might do well on Product Hunt, but that don't solve valuable real-world problems because those seem too "boring" or "hard" or "crowded." All of us who plan to charge $2 or $5 or $10/month without realizing that selling something at a low price is the equivalent of selling something that is not valuable, which has predictable challenges: (1) it's hard to convince most people to buy something that is not valuable, and (2) reaching thousands of people via marketing is harder than reaching dozens of people via sales.

    So I don't hate the "rocketship revenue" posts. At the very least they force people out of the Salary Mindset for a short time. They expose us to the possibility that merely working hard isn't all that goes into creating something of value. They force us to dig into the underlying reasons why some businesses and their revenues can grow so quickly. I'd like to think that some people will come away from reading those and realize the importance of analyzing the fundamentals before jumping into a business idea.

    1. 1

      @csallen: could you post some examples of the problems they are solving (and how): "I know people who made six figures the first year that their product business launched, while working 20 hours a week or less. Many of them launched in under a month and started making money immediately. Some of them had no audience whatsoever to begin with. How? They're operating in extremely valuable markets, where customers will pay a lot of money for help with clearly-defined problems."

      Thanks!

      1. 1

        Here's a simple example: help companies hire software engineers. It's B2B. The market is huge. The value proposition is clear. People are used to paying for this and don't require much explanation. The price point is very high: at least $3000+ per hire you help with. And the problem is unsolved — no single company will ever have a monopoly here, as there are countless ways to hire engineers.

        Here's another, broader example: education. How much money do people spend on education and job prep? It's an extremely valuable market with many problems worth solving. And again, nobody will ever have a monopoly, because people enjoy learning in different ways.

        These are obviously lucrative industries/problems that most indie hackers won't enter because they seem too crowded or boring. But lots of people pay lots of money for this stuff without blinking. In my opinion, it's a no-brainer to constrain yourself to working in areas where this is the case.

        I'm sure you can think of more examples if you sit down and put some time into it.

    2. 1

      This is extremely useful and if this is highlighted in rocketship posts or interviews, it could benefit the indiehackers to think about their customers in a way they might not be thinking otherwise.

      Next question is how do you train someone to do this ?

  3. 17

    wait for my "how I tried everything and worked 100 hours a week and still failed miserably" post

    1. 1

      Hahahaha 😈

      1. 2

        The shocking thing is that was a true story :(

        1. 3

          I think you should write it. Some might find it strange but often times reading 'how I failed' stories inspire me...

          And I'm talking failed-failed and not failed-finally-succeeded stories..

          1. 2

            Agree - write it!

  4. 12

    I don't really read posts like that anymore.

    Nothing ever helpful in them or new. You can almost guess what they did to make it to X in X months.

  5. 9

    Here is a simple tactic I use to ignore those posts: I ignore them. 🙃

    This is not just a smartass reply, it is good practice for mental health. Ignore things that are not meant to add value to you. No need for a "tactic", those are easy to spot from the title.

    Now, let's go back to discuss content that do add value? 😀 There are lots of them on IH and elsewhere

    1. 2

      Here is a simple tactic I use to ignore those posts: I ignore them.

      For comments like these, we need a +100 button.

  6. 6

    The thing is that most of those posts fail to clarify one thing which is usually in the fine print: They ALL did something before for N years that got them to this product/business/idea that made them $X in Y months. So it sounds like they just did it in Y months while the truth is that they probably spent N years getting the experience and skills to finally get this thing which technically took Y months but couldn't be done by someone else who didn't have that extra years of work put in.

  7. 4

    The bad thing about those posts is that they usually fail to pinpoint the key reason for the success. They're just self-serving ramblings about what they did. Like telling a long story about how you put together a bunch of bricks instead of telling how exactly the house design doesn't fall apart.

    Sometimes you can infer the key to their success, but they rarely mention it directly.

    1. 1

      @alvaros I disagree. There are a lot of posts like these with tremendous value for the startup community. I know because I've written posts with titles that follow this formula :)

      The purpose of these posts is not to make you believe that if you follow precisely what they did you'll make XXX in XX months/days/hours. (Yes, I know there are marketers that claim that..but I think here we're all mature enough to know the world doesn't work like this) It's to cherry pick the practical tips and apply them to your case. I don't believe they should serve as a holistic framework for success.

      Ignore the titles, if you will, apply what you could and see how it goes for yourself. Certainly will help you more than criticizing others' choice of words for post titles.

    2. 1

      True. @webapppro mentioned something similar in a different thread, "often times, such posts ignore the leverage (following, mailing lists, etc.) the person publishing such articles has..."

  8. 4

    Guys, if you have made this far, you should also read this Twitter thread by Josh Pigford from Baremetrics:

    https://twitter.com/Shpigford/status/1027293346346295309

    I feel like content around "lessons learned" from "making $$$$$" in "X months" add to this fatigue.

  9. 2

    When I read those kind of posts I always felt behind, because I'm missing out on this new growth technique. Or because my marketing/writing/sales skills kind of suck. Or because I'm toying around for almost a year now and only having $500 to show for it. But now I don't really care. And I don't even read those posts.

    I'm focused on building cheerful software that solves a problem. Learning the basics when it comes to marketing/writing/sales/customer support.

    Just trying to get to a point where I can do this full time. No other "growth metric" matters.

    1. 1

      Perfect. Way to go...

  10. 2

    Just as there are startups with $$$ numbers that use them to convert readers into more $$money$, there are those who will try to do the opposite and convince people that it's better to care about "more realistic" numbers and casually mention their Springzo "Content Marketing Agency".

    Everyone can believe that their way is the best way, and all of them are wrong. Learning is about collecting perspectives, not about subscribing to a single one as the holy grail.

    When you're not on your own agenda, you're prey to the agenda of others.

    1. 1

      Hey Sébastien. A wise man once said, 'A little knowledge is a dangerous thing'.

      I have been on IH for long enough to know what kind of traffic does IH bring, if at all. I sense from your comments (referring to one such earlier too), that you are one of those self-appointed vigilantes whose only job is to call out people if they perceive that someone is marketing something. Sorry to disappoint you, that's not the case here.

      Coming back to your comment, consider this,

      • Springzo is no longer a Content Marketing Agency. If you would have cared to spend 2 more minutes knowing that, it would have been clear.

      • As I was telling you earlier, I know what kind of posts brings traffic from IH. And this was not that post. Refer to one such comments where I talk about it. Also, let me enlighten you with some numbers. Over the last 2 days, nearly 18-20 people must have visited Springzo via IH (direct + referral). And 0 conversions from it.

      • It would have been of great help if you would have spent time adding a comment of value - we all come across such posts of "I made $$$$ in this time". How do you react to them, how do you avoid them? For instance, some just bookmark and forget it.

      1. 1

        that you are one of those self-appointed vigilantes whose only job is to call out people if they perceive that someone is marketing something.

        I hope the irony of your comment is not lost on you.

        How do you react to them, how do you avoid them? For instance, some just bookmark and forget it.

        ...How do you stop a spoiled child from crying and screaming loudly to get what they want?

        Stop giving them what they want.

        1. 1

          :)

  11. 2

    In my opinion, posts complaining about them are more annoying and definitely less useful.

    1. 2

      It's important to understand that, given the massive amount of this kind of articles, some of them are necessarily BS and don't bring any real value to the readers.

      So yes, when you're struggling to make money, having people telling "look how I became rich in 2 weeks with no degree, no network and I can't code" can be demotivating, yes.

      I ignore them most of the time, but you can't say they don't have a negative impact on the community, letting some people think it's easy to be rich and successful. That's not. Every indie hackers with one or two projects behind know that.

    2. 2

      @shalintj, i enjoyed your last post (on seva): but this one seems to set a worrying precedent.

      We don't really need endless cynicism. This isn't parts of reddit or hacker news and if we all engage in this, the magic of this community will disappear.

      We'll morph into a bunch of overweight loosers crying sour grapes: which is firmly the territory your article is headed in.

      Exposing the previously hidden veil of solo entrepreneurship is one of the key values provided by IH. These type of articles, provide, concrete stats regarding what is possible. They give people a benchmark against which to align their expectations. In fact, these are likely the tip of the iceberg, because most people wouldn't share such amazing figures, exposing themselves to unnecessary competition and hate.

      Yes, open startups use transparency as a marketing tool, but it's a fair-exchange IMO. There's a difference between knowing its possible to make a living on the net, and knowing you can make exactly X in X months, if you play it right.

      It's worth remembering the golden saying: if you don't have something constructive to say, please don't say anything at all.

      1. 1

        Very much appreciate your feedback. Will surely remember it the next time I post something here.

        I wrote this post after I read a tweet by a very known affiliate blogger - spent 10 minutes going through his Twitter timeline and for most of the posts, he used $$$$ he made as a hook. I felt it's wrong at so many levels. It brought back the memories from Springzo's early days.

        That's what made me write this.

    3. 2

      I dunno I think some people love to focus on outliers and the outliers themselves are a source of availability bias. @shalintj is just giving his hueristics on how he classifies the data mentally. Some others might find that useful.

    4. 1

      Hey Philip. I'm sorry if the post sounded like that. I just wanted to talk of the disappointment we slide into when things don't go the way those "made $$$$" talk about.

  12. 1

    A lot of those articles don't count the amount of investment money they needed to get started making money so quickly. 💸

  13. 1

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  14. 1

    It's definitely not just you :D

  15. 1

    What I've found is that majority of those successes (which are true successes, they don't lie) have some kind of unfair advantage, usually already existing audience, or some people connections to spread the word. People like Gary Vaynerchuk - of course, he would earn $100k in 5 hours on anything he releases, because of huge amount of fans (I'm one of them).

  16. 1

    I hear what you're saying completely, but with a caveat or two. Followup Edge has gotten a lot of hate for explicitly breaking down what we did to achieve such rapid, consistent growth. Some people won't believe you period, and the smart thing to do is identify whether or not it's an outlier... if it is - then study those examples and take what you can.

  17. 1

    I had to unsubscribe to the newsletter. Seems like 90% of the interviews on IH are about marketing companies. Haven't seen any innovative companies here, where I'm like "wow interesting".

  18. 1

    About 10 years ago I was able to take an article like that and a made about $400/mo with with only a little effort. I was using misspelled words in google and other search engines and affiliate networks. The best were things that paid if someone entered their zip code. It's all against terms of service now.

    I feel a lot of it worked for a while but by the time you read about it the opportunity is long gone.

  19. 1

    Most overnight successes take years. The $∞k/m revenue in just 3 months is usually preceded by 5 years of industry knowledge.

  20. 1

    I think you have a good point and it's especially true when people see IH as a primary place to try to find new customers. That leads to update/brags with links to squeeze pages on a regular basis.

  21. 1

    Yes, I hate that stuff. Its everywhere. Have you noticed that the concept of "greed" has disappeared from the world? It seems being a billionaire is a valid goal these days.

    Just personally, I want the whole world to find my software helps them.

    1. 0

      Yes, I hate that stuff. It's everywhere. Have you noticed that the concept of "greed" has disappeared from the world? It seems being a billionaire is a valid goal these days. Just personally, I want the whole world to find my software helps them.

      A philosophical way of looking at things is to understand that greed doesn't need to be about money. Wishing the whole world finds your software helpful is also a form of greed.

      I won't say we can (or can't) truly be selfless, but it's definitely possible to make things without the assumption or wish for one outcome or reward. Things can be made simply for the sake of making, or to solve one problem for yourself, regardless of what that solution means for anyone else.

      But then you're not making a startup for the sake of being profitable, and I'd be curious to learn why you're on IH.

      1. 2

        Yeah, but nah. I think its pretty clear what I meant. I am not on IH to argue the meaning of words. I am also not trying to draw a halo on my head. Sorry it sounded a bit like that. Profit is fine. I want to grow my software business. Thats why I am here. You can not do that without being profitable. But profit is just a part of the motivation, and not the end goal really.

        1. 1

          I agree. And if you happen to become a billionaire along the way of just doing things, why should that imply greed?

          1. 2

            That would not imply greed.

            1. 2

              Alright. :) I must've misunderstood your meaning behind this sentence:

              It seems being a billionaire is a valid goal these days.

              I think we're both agreeing that it could be a valid goal if it's the natural result of your efforts rather than the goal of hoarding money.

  22. 1

    definitely, I'm tired of these too, are a lot, and have clickbait titles, same as the "how do you guys to this.. insert link to site that does this".