Tweets

Justin Jackson
Justin Jackson@mijustin
RT
RT @mijustin: Two truths:

1. Everything takes time.

2. Not everything is worth your time.
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Justin Jackson
Justin Jackson@mijustin
Replying to @__tosh
@__tosh Host-read ads are (generally) thought to be more effective.
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Justin Jackson
Justin Jackson@mijustin
Replying to @cheriehu42
@cheriehu42 I was an early paid member. Cancelled my subscription maybe a year and a half ago?
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Justin Jackson
Justin Jackson@mijustin
Hi, I’m Canadian.
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Justin Jackson
Justin Jackson@mijustin
Replying to @shl
@shl Agreed.

You especially see this when you move to a new community!
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
But this reinforces the point:

“Business is already hard, why make it harder?” – @asmartbear

Why try to enter a niche where there’s no demonstrable demand?

Why try to serve a total addressable market of 500, when you could go after 500,000 potential customers?
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
In business, nothing is guaranteed.

You might be in a good market today, but tomorrow it could fall apart.

Markets are fickle.

Some days they want 🍦, other days they want 🥤.

The economy can go up, or it can crash.

A good competitor can come in and grab market share.
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
BTW - targeting a good market doesn’t mean you’ll automatically win!

There are a TON of factors that influence a business’ success (or failure).

But choosing a market that has a lot of demand (and good channels) is essential for future success.
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
Again, this is just a metaphor!

But it’s a good reminder:

🍋 If you have a lemonade stand, it’s better to go somewhere hot, where there are a lot of thirsty people.

💻 If you want to make software, it’s better to go where there are a bunch of potential customers.
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Justin Jackson
Justin Jackson@mijustin
Replying to @tonydehnke
@tonydehnke Yup, there are a number of factors that affect demand:
- timing
- culture
- weather
- etc

But...

If you have a lemonade stand, it’s still better for you to go somewhere hot, where there are a lot of thirsty people. 😉
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Justin Jackson
Justin Jackson@mijustin
Yesterday, I wrote about how easy it is to sell ice cream on a crowded beach: http://justinjackson.ca/beach

Today, I’m at the local fair.

There are hundreds of vendors.

But there are also huge crowds who are hot and thirsty; lots of demand for cold drinks!

Go where the crowds are!
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Justin Jackson
Justin Jackson@mijustin
One thing @podhuntapp gets right about podcast discovery: podcasters (and admins) can add a short audio preview for the episode.

When you're thinking about trying out a new podcast, you want a quick way to see if it's "right for you."

A short trailer (30s-90s) is perfect. 👌
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Justin Jackson
Justin Jackson@mijustin
Replying to @ddevjani
@ddevjani @hnshah I recently made this video (in response to another question on Twitter).

It should give you a good overview:
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Justin Jackson
Justin Jackson@mijustin
RT
RT @volkandkaya: 100% agree with @mijustin I started a SaaS before where I had to educate potential customers, it was difficult.

Currently…
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Justin Jackson
Justin Jackson@mijustin
Today’s newsletter is out.

Lots of folks found this one helpful (multiple email replies and a text this morning!) 👌

You can read the whole thing here:
https://justinjackson.ca/beach
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Justin Jackson
Justin Jackson@mijustin
Replying to @mattwensing
@mattwensing I agree with you that it's not just one factor.

But sometimes when I tweet, I choose to focus on just one idea.

For example, I've been writing about "willingness to pay" for a long time.
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Justin Jackson
Justin Jackson@mijustin
Replying to @mattwensing
@mattwensing So you think oil companies would be a good niche for bootstrappers to sell to? (honest question)
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Justin Jackson
Justin Jackson@mijustin
Replying to @mattwensing
@mattwensing Ok. So if I understand you correctly, you're saying that:

WTP > size of market?

When does the size of the market become a factor? How does it factor in?
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Justin Jackson
Justin Jackson@mijustin
Replying to @mattwensing
@mattwensing Ok. ConvertKit then. 😉

Nathan started an email marketing company in 2013. Wasn't that product category already commoditized by that point?

I'm primarily talking about the category. Is the category growing? Is the category already naturally drawing customers?
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Justin Jackson
Justin Jackson@mijustin
Replying to @mattwensing
@mattwensing @aprildunford @asmartbear Jason started selling WordPress hosting in 2010.

Wasn't that already a large, commodity market?

He didn't invent the category (or even close to being first).

To me, it seems he competed on what people cared about: security, service, and uptime.
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
The easiest way to test this is to see if people are searching Google (or any search engine) with the intent to buy.

When people search "best wordpress hosting" they're indicating they want to buy.

They're attracted to the product category already; no need to educate/convince.
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
In most established product categories (which is where I think bootstrappers should be focusing), customers will naturally move towards the products they want. They don't need much convincing!
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
I've experienced this dichotomy personally.

In the past, I've run businesses where I was pushing really hard to get sales. It always felt like a grind, like pushing a rock up a hill.

In retrospect, I was trying to sell ice cream in the winter.
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
Now, think about what it'd be like selling ice cream on the beach during the winter.

If you worked really hard, and did a bunch of advertising, maybe you'd get a few sales, but not many.

It's hard to push a product that the market doesn't want!
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
When you target a solid market (with good distribution channels) and give them a product that they're hungry for, you don't have to do much pushing or pulling.

Customers just naturally move towards the products they want.
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Justin Jackson
Justin Jackson@mijustin
I keep thinking about @asmartbear's ice cream stand metaphor.

If you set up an ice cream stand on a busy beach, on a hot day, you'll easily attract a crowd.

You don't need to work at pushing your product towards the market.

People just show up.
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Justin Jackson
Justin Jackson@mijustin
@ThePodReport really appreciated your review of Podcast Movement. Thanks for writing it! 👍
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Justin Jackson
Justin Jackson@mijustin
Replying to @spencerfry
@spencerfry I don't know much about that business (again, this is based on my experience).

How long do folks in the investment biz last?
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Justin Jackson
Justin Jackson@mijustin
"Ultimately, I'm doing this for the money."

☝️ in my experience, if you're running a business, that motivation won't be enough.
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Justin Jackson
Justin Jackson@mijustin
Replying to @iChris
@iChris Dude was probably unstable. Nothing to do with you!
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Justin Jackson
Justin Jackson@mijustin
Now *this* is cool.

Supporters on @podhuntapp can now add short, teaser clips to their episode submissions.
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Justin Jackson
Justin Jackson@mijustin
Replying to @iChris
@iChris 1. Salad to go
2. Tacos / burritos to go
3. Deli
4. Happy hour appetizers
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Justin Jackson
Justin Jackson@mijustin
Replying to @tehnyit
@tehnyit Really? I’m guessing he has an agent, an assistant, and not much more.
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Justin Jackson
Justin Jackson@mijustin
Replying to @petebray
@petebray In a way, but in another sense their supply is the same.

A single Cirque act schedules their shows very much like Jerry schedules his.
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
This doesn’t mean folks shouldn’t create complex art, or build complex systems. (I love a lot of that stuff!)

But if you’re indie, solo, or bootstrapping, simple is better. 👍
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
This principle holds true for most software products as well.

Technical complexity does not intrinsically make a product more marketable or profitable (even though it might cost more to produce).
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Justin Jackson
Justin Jackson@mijustin
Seinfeld tickets: $100-$450
Cirque du Soleil tickets: $100-$450

Seinfeld is a one-man show.

Cirque shows require $25+ million to develop, 150 stage technicians, and a cast of 85 performers

Capitalism rewards simplicity.
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