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Justin Jackson
Justin Jackson@mijustin
RT
RT @mijustin: @masonhensley Yup. I was a fan of the centralized model too (for a while).

But truthfully, when I had my snowboard shop, the…
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Justin Jackson
Justin Jackson@mijustin
RT
RT @ideasasylum: What I’d like to see small local businesses come out of this crisis with:

- a functioning website
- an email newsletter
-…
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Justin Jackson
Justin Jackson@mijustin
RT
RT @DanPriceSeattle: 5. We process credit cards for 20,000 small businesses.

Our data shows the average small biz has lost 50% of its reve…
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Justin Jackson
Justin Jackson@mijustin
Replying to @leekemp
@leekemp I partnered up with someone who can code.

(And, to be fair, I’ve been doing front-end development since 1993)
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Justin Jackson
Justin Jackson@mijustin
RT
RT @Shpigford: Listen in on @mijustin and I catching up and talking shop! We talk about impact of COVID-19 on SaaS, tool fatigue and a new…
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Justin Jackson
Justin Jackson@mijustin
Replying to @cheriehu42
@cheriehu42 To me, the success of something is dictated by *how much people want it.*

Some successes are innovative, but packaging, timing, and distribution probably play a bigger role.
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Justin Jackson
Justin Jackson@mijustin
Replying to @nbashaw
@nbashaw Often, when we get that feeling of unlocking “great execution” what we’ve actually unlocked is a “pent-up pocket of demand.”

I’m not saying that quality doesn’t matter! The quality of a thing can be a facet of demand. (“I want a better quality pen.”)
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Justin Jackson
Justin Jackson@mijustin
RT
RT @ShaanVP: @msg @blab yea I should have just said: "being early is the same thing as being wrong"
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Justin Jackson
Justin Jackson@mijustin
Replying to @chasewreeves
@chasewreeves Very good article.

This is only going to get exacerbated because of covid, because the way to make it through a pandemic is to “have cash, and lots of it.”
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Justin Jackson
Justin Jackson@mijustin
Replying to @Mattylantz
@Mattylantz External keyboard on my iMac.

Like I said. The "d" key works.

The "Shift" key appears to work for all other letters.
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Justin Jackson
Justin Jackson@mijustin
Replying to @emd
@emd @TransferWise Technically they should be able to wire the money into your Transferwise account.
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Justin Jackson
Justin Jackson@mijustin
Replying to @lucasarruda
@lucasarruda @bvujanov Yes. But still cheaper for me to get a direct bank transfer (via PayPal) then to bill a client’s credit card pay Stripe 2.9% transaction fee.

For smaller payments (SaaS, memberships, etc..) charging in Stripe still makes sense though. 👍
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Justin Jackson
Justin Jackson@mijustin
Replying to @delconte
@delconte Yes, I've applied for some of these, but I don't know if it will be fast enough for me.
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Justin Jackson
Justin Jackson@mijustin
Replying to @bvujanov
@bvujanov No, we bill with Stripe, but PayPal is still the fastest and cheapest way to send money internationally right now.
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Justin Jackson
Justin Jackson@mijustin
Replying to @AswathDamodaran
@AswathDamodaran @YounglingAndCo @noahkagan Yup! I agree: once you identify the demand then your unique skills, attributes, product quality, leverage, connections, and resources all matter.

However, I think the order matters:
1. Market first
2. Then product/service

😉 (I mentioned that in the video as well)
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Justin Jackson
Justin Jackson@mijustin
Replying to @mijustin
@YounglingAndCo @noahkagan @AswathDamodaran This is why I'm not a fan of the pm-fit model. Too often, it puts the cart before the horse.

You could be the best at making foie gras, but that won't matter if the market only wants 🍔.

Sure, you can bring foie gras to the table, but that doesn't mean folks will eat it.
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Justin Jackson
Justin Jackson@mijustin
Replying to @RJ_Youngling
@YounglingAndCo @noahkagan @AswathDamodaran He was presenting it like this:

“First, determine the unique product you’re going to bring to the table.”

But, my whole point is that it needs to be:

“First, look at what the market is hungry for, and bring that to the table.”
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Justin Jackson
Justin Jackson@mijustin
Replying to @RyanTheJenks
@RyanTheJenks Chains typically have more margins, more bargaining power, and more cash in the bank, which helps them ride out the storm.
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Justin Jackson
Justin Jackson@mijustin
Replying to @msitver
@msitver @instagram Yes. That’s the web.

Or, if they don’t want it, they shouldn’t give it to a privileged few.
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Justin Jackson
Justin Jackson@mijustin
RT
RT @scottbolinger: A must-read from @mijustin. Too many under privileged people will be hit the hardest by this thing, how can we change th…
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Justin Jackson
Justin Jackson@mijustin
Replying to @dbchhbr
@dbchhbr @StrongTowns Economies of scale in all sorts of vectors:

- purchasing power for materials
- ability to pay for lobbyists
- ability to take advantage of the financial system (share buybacks, etc)
- ability to win in logistics, distribution, etc
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Justin Jackson
Justin Jackson@mijustin
RT
RT @simonhamp: We have to help people to diversify their income. We have to actively encourage better founder/investor/C-level financial be…
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Justin Jackson
Justin Jackson@mijustin
RT
RT @DanPriceSeattle: We have 20,000 small businesses who use and love us. But to keep paying the bills, we need 15,000 more biz to give us…
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Justin Jackson
Justin Jackson@mijustin
RT
RT @DanPriceSeattle: Typically workers sacrifice in recessions then share in gains during good times.

But this decade the gains went to th…
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Justin Jackson
Justin Jackson@mijustin
Replying to @cjav_dev
@wizemanip I’ve had other people recommend this as well.

Stripe Checkout is great, but it really needs to be integrated into a retailer’s existing platform (Square, Lightspeed, Squirrel) for it to be helpful.
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Justin Jackson
Justin Jackson@mijustin
Replying to @kerranm
@kerranm Down, on average, around 5%.

But, it depends on the podcast! Some shows are up. 📈
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Justin Jackson
Justin Jackson@mijustin
Replying to @MisterNeem
@MisterNeem No physical copies currently. I've tried in the past to get it up on Amazon and always ran into roadblocks.

Just submitted it for review now!
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Justin Jackson
Justin Jackson@mijustin
Replying to @troypavlek
@troypavlek @TransistorFM @davegerhardt Not exactly sure what you're saying here Troy. 😉

Almost every bootstrapped business starts with months (or more realistically, years) of "unpaid" work. You're risking your sweat equity hoping for a payoff in the future.
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