Tweets

Justin Jackson
Justin Jackson@mijustin
Replying to @Una
@Una Wow! Looks like a great party.
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Justin Jackson
Justin Jackson@mijustin
Replying to @joelmfg
@joelrandyblake VC money enables startups to operate outside of normal market conditions:

- CAC doesn’t matter as long as userbase is growing
- They can undercut market prices (and lose money)
- Often, they ignore gov regulations

They're not creating business demand in the traditional sense.
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Justin Jackson
Justin Jackson@mijustin
Replying to @CnstDev
@CnstDev We can learn to observe and recognize the shape of good markets.
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Justin Jackson
Justin Jackson@mijustin
Replying to @thisiskp_
@thisiskp_ @estraschnov Smartphones and headphones existed prior to iPhone/Airpods (and had healthy demand curves already).

Before iPhone, I had a:
- Blackberry
- Netbook (with 3G internet)
- Nokia E62
- Palm Pilot (with touchscreen!)

These all helped shape demand for iPhone (among other factors).
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Justin Jackson
Justin Jackson@mijustin
Replying to @philipliao_
@pliao39 @david_perell Adam Wathan and Steve Schoger have built an incredible audience with http://refactoringui.com

But they didn’t generate the demand for “UI education.”

There was untapped demand in the market that enabled them to:

a) build an audience
c) sell to them
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Justin Jackson
Justin Jackson@mijustin
Replying to @johnnytong
@johnnytong Another way to look at that;

Demand grows on its own, influenced by a variety of factors, until it reaches a tipping point, at which point companies build things that satisfy that demand.
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Justin Jackson
Justin Jackson@mijustin
Replying to @markowsiak
@markowsiak Thanks Mark! Really glad so many people have found that talk helpful and encouraging.

I’m glad @taylorotwell took a chance on me and let me talk about it!
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Justin Jackson
Justin Jackson@mijustin
Replying to @jamischarles
@jamischarles @kentcdodds @taylorotwell Yup, both approaches can work.

The idea of doing a “series” within a podcast is particularly appealing, because building a podcast audience is hard (so not having to re-build your audience is nice).
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Justin Jackson
Justin Jackson@mijustin
Replying to @joisig
@joisig Really great post! I agree with many of these. 👍
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Justin Jackson
Justin Jackson@mijustin
@grantbaldwin congrats on the book launch! I just read the first chapter and it’s 💯.
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Justin Jackson
Justin Jackson@mijustin
Replying to @mattragland
@mattragland There are things that are priced too high though, right?

I see products and services all the time that seem too expensive.

I’ve also lowered my prices before and had more people buy.

There are many factors that make a price “work.”
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Justin Jackson
Justin Jackson@mijustin
Replying to @evangoldin
@evangoldin 😭

It also sucks for the rest of North America, as California is often seen as the leader on these issues. We need California to keep breaking ground so we can follow!
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Justin Jackson
Justin Jackson@mijustin
Replying to @LandonB32
@LandonB32 @joshuaanderton True! Getting yourself in the right place to spot opportunities often means working in different industries, seeing different trends come and go, etc
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Justin Jackson
Justin Jackson@mijustin
Replying to @joshuaanderton
@joshuaanderton Also, remember that there are crowded, established markets where all the existing players are super crusty. They might be bigger than you, but you have the advantage of being fresh.

(This is the main principle of Clayton Christensen’s disruption theory. Small startups can win!)
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Justin Jackson
Justin Jackson@mijustin
Replying to @valsopi
@valsopi This can be part of it!

(It was helpful in the first two months after launch for us)

However, most of Transistor’s revenue comes from customers who have no idea who I am. Many aren’t even attached to our brand.
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
(In the same way, the conditions for good surfing change all the time.)

In surfing, and in business, there are no guarantees. But without solid fundamentals, surfing is a lot harder. 😄
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
I’m also not suggesting that once you find “a good market” that you’ll be good forever.

Of course not!

Market dynamics are always changing. Industries emerge, and die, all the time.
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Justin Jackson
Justin Jackson@mijustin
Replying to @tylertringas
@tylertringas @Evanish @joshuaanderton Again, this particular thread is irrespective of positioning or nicheing.

It’s asking the question:
“In my category, which types of products get most of the revenue? And: is there anything left for an ancillary product?”
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Justin Jackson
Justin Jackson@mijustin
Replying to @tylertringas
@tylertringas @joshuaanderton You’re right: sometimes you can start with the appetizer and progress to the main dish (Freshbooks started with invoicing, moved on to full accounting software).
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Justin Jackson
Justin Jackson@mijustin
Replying to @misener
@misener But maybe you travelled through time and you actually live in 2015 now?
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Justin Jackson
Justin Jackson@mijustin
Replying to @skiltz
@skiltz Simpler to build, yes.

And, that might be a good place to start.

But, in most “value chains” there are 1-2 players who suck up most of the value (the main dish).

Example: You might have a fancy new CMS, but for most people that’s an appetizer. It’s web hosting they pay for.
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Justin Jackson
Justin Jackson@mijustin
Replying to @mynameis_davis
@daviswbaer @robwalling @startupspod It really depends on the market.

Some markets have authoritative that write guides, articles, etc.. and have built up a big audience. Those kinds of sites make good affiliates.

Most of our affilaite revenue comes from three affiliates.
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