1
1 Comment

Validate that willingness to pay ASAP

So here's the deal: I spent a whole year building what I believed was the perfect product. I coded day in and day out, had 1,000 daily active users, and pretty much lived in my parent's basement throughout the process. 🏡💻

But guess what? After all that hard work and dedication, when I finally tried to monetize it, I was met with Nobody wanted to pay for it.

That was a tough pill to swallow, let me tell you.

But I didn't give up. I learned from that experience, and from then on, every startup I created, I asked for payment upfront. And you know what? It made all the difference.

Founders Cafe got a whopping 40 paying customers in just 2 months

StoryMage scored its very first customer ($500/month) just one day after launch

The lesson here is crystal clear: If your idea is truly valuable and compelling, people ARE willing to pay upfront to try it. If they're not willing, then your offering might not be up to snuff. It's a cold, hard truth we all need to face.

Sure, you can set up as many free trials as you want and keep building for years, but if people won't reach for their wallets, you might be in trouble.

So, remember this: It's better to know on day 1 whether people are willing to pay for your product than to find out on day 1000 when you've invested so much time and effort.

Validate that willingness to pay ASAP, 💡💰 Your startup's success might depend on it.

What are your thoughts on this approach? Any similar experiences???

posted to Icon for group One Person Businesses
One Person Businesses
on September 14, 2023
  1. 1

    I like what you said. I read several articles about the mentioned topic. I think, Netflix, after several test discover that showed the paywall at first, increase their revenue

Trending on Indie Hackers
I'm a lawyer who launched an AI contract tool on Product Hunt today — here's what building it as a non-technical founder actually felt like User Avatar 151 comments Never hire an SEO Agency for your Saas Startup User Avatar 83 comments A simple way to keep AI automations from making bad decisions User Avatar 65 comments “This contract looked normal - but could cost millions” User Avatar 54 comments 👉 The most expensive contract mistakes don’t feel risky User Avatar 41 comments We automated our business vetting with OpenClaw User Avatar 34 comments