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I had no intention of creating my own software company. I was kind of forced to. You see, a few years ago, I was a full-time YouTuber. Everything was fine until my channel became a demon. This means I was making $0 from ads placed on my videos.
There was a point where I was getting 2-3 million views per month on my channel and didn’t get a single penny. As a way to bounce off this low, I decided to put my life savings ($5,000) into getting started creative economy The program started at the age of 19. I dropped out of college to work on my SaaS startup full time, and learned valuable lessons along the way. Here are five of the most important lessons I’ve learned so far:
1. Action is better than perfect
I had no experience coding – let alone creating and Startup Development. Despite these challenges, I believe 100% in me idea. Backed by a proof of concept, I was willing to do everything within my limited budget to turn my SaaS idea into a reality.
With a well-written vision and a lot of perseverance, I was able to find a good offshore developer who not only fit my budget but believed in my trend-watchers vision.
We still work together to this day. The first versions of Trend Watchers were gruesome, but with time, it was UI / UX slowly improving. When I look at my journey from A Software development From my point of view, I should not have come this far. I have gone through many setbacks and obstacles. I should have gotten back to the starting line, but with a great vision and team mixed with a desire to succeed, we were able to move on.
No matter how challenging a task may seem, achievement is always better than perfection. Oftentimes, perfection comes through the countless mistakes you make along the way.
2. Importance of data collection
One thing I applied early is good Data collection. What do I mean by data collection? Data collection has a bad actor, thanks to big companies and scammers who abuse it to make a quick buck. But there is a good side to data collection. Data collection can be used to make better marketing decisions. It can also be used to discover what users like and dislike.
I collect data in many ways, but two of the most useful data collection techniques I’ve used are asking good questions about our recording sequence and having session recording software that keeps track of how long users stay on each page and what they click on. These two data collection methods helped make the right decisions and software updates for Improving the user experience.
3. Get proof of concept before building
For the folks in the back, I’ll repeat myself: Get proof of concept before construction. In early 2022, I thought it would be a good idea to build a market within Trend Watchers. Markets are great, and when used correctly they can be a huge growth engine for startups – but no one wanted that. They just wanted directions they could use to spread across the internet.
Instead of listening to those market comments, I went ahead and built it anyway, and that was a huge failure. It also caused a lot of other issues, but I wasted a lot of time and money on something the users didn’t want at the time. Because of that experience, I always conducting surveys And get a proof of concept before adding a new feature.
4. Tell your story
Starting a software company at the age of 19 with my own money was challenging enough financially. The next question was, how am I going to market this thing with a $0 marketing budget?
Growing up, I was always a wonderful storyteller. In my spare time after school, I always wrote my books. I would go to our home office, pick up a few sheets of paper from the printer, fold them in half, staple them together, and shoot—I had a book.
I decided to make use of this skill I developed at a young age to slowly build a movement loyal followers It would help me get the attention of trend-watchers. The two systems I decided to focus on were to document my progress Instagram And take advantage of the press. This was not an overnight success. It took a lot of writing, documentation, and pleading to slowly start hearing my brand story, and now it’s paying off.
One interesting insight that I recently discovered about my paying clients is that they tend to stay longer knowing their money is being put to work. Many of my clients who push my story follow through my story Email List Or Instagram page for weekly updates.
If you are working on growing your startup, document your journey. Not only do you end up with a well-written magazine at the end, but you also find loyal clients along the way.
5. Seize every opportunity that presents itself
Some of the best decisions I’ve made were time-sensitive opportunities that came my way. Some of these opportunities included opportunities to buy into programs, go to different places, and break my schedule to attend certain events. About 90% of these opportunities came out of nowhere, and every time I took them, they helped me immensely in my business growth process.
As most people know, Business start-up and development It is not easy, especially for a young man with no previous experience. Read books and watch Youtube Videos can be useful and informative, but experience is really the best teacher. The skills and lessons I’ve gained through my experience have helped me grow tremendously, and I hope these five lessons above will help other entrepreneurs – young and old – grow their businesses as well.