Vitali Baukunovich

Already know how to create a small and simple product?

Here's how you make it popular --> youlinker.pro

But Musk proved it can be done, and now many people are doing it:

Jack Dorsey, Jeff Bezos, Evan Williams, Sheryl Sandberg, and many others.

The main thing is to start doing something, and not to overcomplicate it.

#ElonMusk #indiehackers #Entrepreneurship #MarketingDigital

And that's the most important thing.

In any important project, he brings with him a proven team that will build everything efficiently.

Thanks to this he can build 5 projects, not 1.

Which makes a lot of silicon valley investors angry.

- He works a hell of a lot, even if he's not working 16 hours a day.
At the same time, he's WORKING, not sitting in a smoking room or drinking coffee half the time.

- He has a team he trusts.
Already understood, already working process, which can be built anywhere.

So let's go over some rumors and opinions:

- He has all notifications turned off.
Which increases efficiency and concentration.

- He has no messengers.
Just e-mail.

Musk himself puts it this way:

- I work 16 hours a day
- I sleep six hours a day.

But you can't last long with that kind of schedule.

a cartoon of spongebob using a vacuum cleaner and iron ALT: a cartoon of spongebob using a vacuum cleaner and iron

What kind of pills does Musk take?

Reading yesterday's post, you can see that Elon has two huge businesses + some big projects.

The question arises:
“How does one have so much time?”

Especially when you feel like you can't even pull off one pet project.

I started the #buildinpublic blog to document my journey as an IT entrepreneur. I want to share with the world my knowledge, challenges along the way, and future success.

Follow along as I build my products from the ground up!

Let's help each other🤝

👋

🔥

Remember.
There are problems that get paid for. There's everyone else's.
It's not about India and Pakistan. It's about the product and the solution you're offering.

You can have a million users, but what's the point if it doesn't pay off? To scale the losses?

#startups #indiehackers #buildinpublic

Next thing you know, the guy made more mistakes:

- Quitting his job for some reason
- Didn't build a sales funnel.
- He lowered his prices for some reason.

All that stuff.

Here's what happened:

The service went viral in India and Pakistan, where they don't pay for software.

The guy made the classic mistake of “Well, if I have users, I'll monetize them somehow”.

How to fix things?

Good thing he didn't sell the apartment and the car, and he didn't raise angel investment.

Anyway, he goes on to say:

I guess I'm trying to figure out what to do next. It feels like I rushed my decision to quit my job, especially with the condo mortgage, but that's where we've ended up. Any tips on how to get back on your feet again? Ideas to start developing again?

He decided he needed to drop the price some more because the conversion rate wasn't great. The money became even less.

(Actually, 4% is a perfectly marketable conversion rate, and what he did was a standard cognitive distortion, prices should have been raised).

- Quit his job to develop the project

Here's what happened next:

After he turned on monetization, growth went from positive to negative.

The number of users dropped to 9,000, and there were 400 paying users with a $4/month check.

Startup story:

- A guy launched a personal assistant on ChatGPT that works via iMessage and SMS
- Posted on ProductHunt and some subreddits.
- The service started growing organically, and quickly hit the 250k users
- The guy decided that “Product is hot”, turned on subscription monetization