Learnings from a Year of Being Indie
ryanashcraft.com
ryanashcraft.com
- Dip your toes into a few different markets in as inexpensive a manner as possible. The difference in ease of marketing you'll see between lackluster ideas and winners will literally be 50x - i.e. you will _know_ when you've got product-market fit. If you are in doubt, you don't have it.
- You gotta spend money (or serious marketing sweat labour) to make money. Nothing happened for me when I first released my product. It was only after taking out some AdWords and planning a sensible, scalable SEO strategy (more here: https://www.semicolonandsons.com/episode/seo-strategies-for-...) that I started getting sales.
- This one is embarrassing to admit but I'll put it here anyway: keep every receipt - you'll need it for accounting (and can save a lot tax deductions)
I'm surprised the author sees $7.5k as a low number. $7.5k in your first year as an indie developer is great! That's 3x what I made in my first year and even slightly higher than what I made in my second.[0] I'd estimate that $7.5k in the first year puts one in ~90th percentile or higher of revenue.
There's maybe survivorship and availability bias at play because you only hear about massively successful startups, but I think the vast majority of startups or solo software projects struggle to find revenue, especially with their first product.
[0] https://mtlynch.io/solo-developer-year-2/#how-i-made-and-spe...
As an indie you almost certainly have no investment and are living off personal savings during that time.
$7,500 won't cover essential cost of living for most people. And if it does, you're probably doing without healthcare, aren't investing in a pension or generally in your future, and are living in a shithole.
If revenue is that low and there is "lack of [...] growth", even if that's the upper 90% of indies for the first year, you're probably going to end up running out of savings and desparately looking for a perm job in due course.
At least, with those metrics it's advisable to have some kind of second project, part-time job or similar.
EDIT: Above assumes you don't have a partner paying for your costs of living during this time. I didn't think about that.
You got amazing press coverage though, should be able to leverage that for SEO and content marketing.
I'm not involved with the product at all. He just did a recent demo for me, and I thought it was neat.
I built my own web tracker and diet creator but I ended up not using it at all. These days my diet is stable enough that I know roughly what I'm going to eat. When I'm lean cutting or lean building I just throw in / remove a snack rich in protein.
The app look really amazing but the value it provides is not life changing. If I were a potential customer I'd be put off by it being subscription based. Sure, it's great for you to have MRR but as a user I'm not adding a monthly cost for a fancy ui and the hope to lose fat.