Business tips for startups by proven entrepreneurs
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010: Selling Your Byproducts | Nathaniel Talbott
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Kandungan disediakan oleh Ryan Crispin Heneise. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Ryan Crispin Heneise atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Takeaways:
- Sell Your Byproducts: Sometimes you have to operate a particular business for a while to recognize that a hole that exists in the market. If you're watching for it, you may realize that the hole is more valuable than the business you're actually operating.
- Don't be afraid of a big pivot. Spreedly started out as a subscription management service, similar to Stripe. Several years into it, they realized that what customers really wanted was a way to store credit cards in a PCI-compliant payment vault. They eventually decided to sell the subscription product, which had until then been their bread and butter.
- What are your customers telling you? Your customers are talking to you; listen to what they have to say. It's tempting, especially for startup founders, to double down on what we perceive is the problem that needs to be solved. Instead, open up to the idea that you may be wrong, or that there may be something that you haven't thought of yet.
Full shownotes:
Links mentioned in this episode:
--- Send in a voice message: https://podcasters.spotify.com/pod/show/thelongcut-fm/message12 episod
MP3•Laman utama episod
Manage episode 216769852 series 2434635
Kandungan disediakan oleh Ryan Crispin Heneise. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Ryan Crispin Heneise atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Takeaways:
- Sell Your Byproducts: Sometimes you have to operate a particular business for a while to recognize that a hole that exists in the market. If you're watching for it, you may realize that the hole is more valuable than the business you're actually operating.
- Don't be afraid of a big pivot. Spreedly started out as a subscription management service, similar to Stripe. Several years into it, they realized that what customers really wanted was a way to store credit cards in a PCI-compliant payment vault. They eventually decided to sell the subscription product, which had until then been their bread and butter.
- What are your customers telling you? Your customers are talking to you; listen to what they have to say. It's tempting, especially for startup founders, to double down on what we perceive is the problem that needs to be solved. Instead, open up to the idea that you may be wrong, or that there may be something that you haven't thought of yet.
Full shownotes:
Links mentioned in this episode:
--- Send in a voice message: https://podcasters.spotify.com/pod/show/thelongcut-fm/message12 episod
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