Replying to @mijustin
These days, we genuflect to the platforms.
We optimize our content for them, praying that the algorithm gods will reward us.
But we shouldn’t forget that it was our links, our sitemaps, our writing, our video, our open source code, and our data that built these platforms.
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Replying to @DavidDarnes
@DavidDarnes @ow @rafahari @warpling @TransistorFM Yup! We've made all that pretty seamless.
We have special onboarding for listeners, where they can add the private podcast to their player with 1 click. 👍
(No copying and pasting required)
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Replying to @mijustin
So far people love it!
@__tosh you should join us.
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Replying to @derrickreimer
@derrickreimer @r00k @joinClubhouse There was a bootleg recording done. I’ll see if can get you a copy. 😉
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“When we let the business embody us, we must have numbers that vouch for us, numbers that tell us (and others) that we are, indeed, a bonafide entrepreneur and, therefore, worthy.”
–
@adii, Life Profitability
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Replying to @XSpaces
@TwitterSpaces Wow! Already 450+ people here! 🙌
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💯
We see this in podcasting as well.
You’re not just competing with other podcasts, or even other audio apps.
Your competition is whatever else is competing for a listener’s time and attention.
This means that “driving/walking in silence” is a competitor! 😮
https://twitter.com/stephsmithio/status/1362183263347859458
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Replying to @mijustin
What opportunities do you see for people who want to build a new SaaS in 2021?
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It will be interesting to see how this distribution of returns compares to new bootstrap-friendly funds like Earnest, TinySeed, and Indie:
https://www.sethlevine.com/archives/2014/08/venture-outcomes-are-even-more-skewed-than-you-think.html
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Replying to @mijustin
Yes! 🎯
You definitely want to charge enough to:
- do the basics well
- have sufficient margins
The nice thing is: being small helps improve your margins. You don’t need $100 million in revenue to have an incredible life.
https://t.co/fZYtJTBtme
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@Patticus @hnshah really enjoyed this! Glad you two are back on the mics. 👍
https://overcast.fm/+TeLuN3F48
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Replying to @McCroden
@McCroden @jayacunzo I really like how
@nbashaw and
@danshipper do theirs: they go live on Clubhouse and record their podcast at the same time. Then they do a live q&a on Clubhouse.
I haven’t been able to catch them live yet, but I *do* listen to the podcast version. 👍
https://podcasts.apple.com/ca/podcast/talk-therapy/id1517270662
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Replying to @mijustin
This conversation has "pivoted" into a way better topic:
- founder mental health
- having margin
- the tension between financial freedom & inner piece
(prompted by
@adii).
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“[The problem with social media companies] is that their business model depends on engagement and attention. If that’s their incentive structure, it’s going to go wrong.”
–
@zeynep (on
@SamHarrisOrg’s podcast)
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Replying to @robwalling
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Replying to @mijustin
I'm still not entirely sure what crowd equity investors "get" for their investment. 🤔
Do they get shares?
How do they get a liquidity event?
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Replying to @CasJam
@CasJam @JordanGal @r00k @ianlandsman How much do we have to pay to get early access to that episode?
💰 🎧
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Replying to @mijustin
"What marketing channels are working for SaaS?"
The first answer, as a base, should be SEO!
Nothing beats "intent-based searches" for acquiring new customers.
For tools, I use
@ahrefs and
@nickswan's excellent SEO Testing tool:
https://seotesting.com/
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Replying to @mijustin
🎙️ Podcast listing review
#1:
Here are suggestions for "Commonwealth Cast" by
@ninjaparade &
@dannydjones:
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Replying to @mijustin
Ok. Let’s see if Clubhouse can redeem itself.
Doing a SaaS chat now. Join us!
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Replying to @mijustin
Just wrote this up for my upcoming Saturday newsletter.
Anyone here want to give me some feedback? (Ways to improve, make it better/more clear)
https://justinjackson.ca/units
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Replying to @chasewreeves
@chasewreeves Bad take Chase.
It’s odd that we were just talking about Trump banning TikTok, but now everyone’s freaking out because he got kicked off a social media site.
The government still has way more power than any tech company.
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Replying to @BarrettABrooks
@BarrettABrooks When I first started reading blogs, following folks on Twitter, and listening to podcasts I was a big fan of a handful of people...
Later, I had some of these same folks treat me like garbage on Twitter.
Ever since then, I’ve been careful about who i idolize.
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Replying to @mijustin
5. Clubhouse is fun when it's the "cool, underground club" that only a few people know about.
But, the experience will likely get worse as more people join: more noise, less signal.
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Replying to @mijustin
3. Audio quality. Because folks are mostly using earbuds the audio on Clubhouse is not great.
It also frequently cuts out as people go on elevators, drive into a zone with no service, or lose their wifi connection.
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Replying to @elamin88
@elamin88 Unbelievable responses to that.
All doctors should be openly advocating that folks drink less.
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Replying to @jdnoc
@jdnoc Well done!
Really impressed with the business you’ve built. 👍
(I didn’t even know what SaaS was until I was 28. 😂)
Also, that MRR number!!! 📈😍
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Replying to @jasonfried
@jasonfried @ich_bin_abe @tylertringas If I’d never left Stony Plain (a tiny farm town in Alberta) and met new people + got exposed to new ideas, I definitely wouldn’t have achieved what I have today.
We’re all in bubbles. But sometimes you gotta leave the bubble you’re in.
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Replying to @jasonfried
@jasonfried @tylertringas Lol. Listen, let’s all just admit:
Podcast chats > Twitter debates
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Replying to @mijustin
What many makers really want in a podcast is that sudden, cathartic, realization:
“Holy shit. Somebody else feels the same way I do. I’m not alone in this.”
h/t
@jessedriftwood1 @theleviallen
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Replying to @JamesTimmins
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Replying to @mijustin
If you’re too satisfied with the journey, you could find yourself on a journey with no end.
College is great, but do you want to be in college for the rest of your life?
Dating a bunch of people is fine, but you might enjoy settling down with one person.
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Replying to @mijustin
Too often, we take “customers showing up” for granted.
“You build a thing; customers show up.”
But it really is miraculous when it happens (and keeps happening).
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Replying to @mijustin
The bandwagon effect also has an element of FOMO:
The more people you see buying new M1 Macs, the more you want one.
When you see more folks using Figma, you’ll increasingly want to switch (even if you’re happy with Sketch).
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Replying to @Deepuasok
@Deepuasok In my experience, people who don't want to make an effort aren't worth chasing.
You want self-motivated customers: folks who are already searching for a solution.
Removing friction is helpful for folks already committed to putting in the effort though. 👍
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Replying to @DCoulbourne
@DCoulbourne man, setting up a linux machine is a lot harder than it used to be.
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Replying to @spencerfry
@spencerfry @r00k @Baremetrics @stripe @ProfitWell I just always believe whichever chart says MRR is higher. 😜
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Replying to @anildash
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Replying to @joelgascoigne
@joelgascoigne @buffer 👉
@hamstu fan club reporting in. 🎉
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Replying to @mojcamars
@mojcamars YES. MY PEOPLE.
(Who are all these folks saying 5am?!?! 😱)
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@MichaelBerhane_ @deldelp really enjoyed hearing your stories on the
@reworkpodcast.
(Thanks for doing these interviews
@VelocityWong!)
https://overcast.fm/+JptjXYnk0
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@kaelyndG @SloanCam just listened to ep32. Really enjoyed it!
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What’s your ideal Monday look like?
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Replying to @taimurabdaal
@taimurabdaal Lol. Love the accent!
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What is the optimal team size? (for you)
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Replying to @mijustin
3. Attracts customers consistently
The market should move towards your product naturally. It shouldn't take too much pulling from you.
(If anything, you're just gently nudging folks toward your product)
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Replying to @Shpigford
@Shpigford @Baremetrics Congrats! Thanks for sharing this. Luv u. ❤️
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Replying to @cforsythdev
@cforsythdev I’m talking about judging a leader by the content of his character: what he repeatedly says and does.
If we can’t agree that someone this bad is “bad,” than there’s no hope.
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👀
"We hear from multiple sources that Megaphone appears to be looking for a buyer." (
@Podnews)
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Replying to @mijustin
Alright, kicking off this SEO experiment with an update to this post:
https://transistor.fm/upload-podcast-itunes-apple/(This is based on
@dvassallo twitter reply)
It's not a super high-traffic term, but we might be able to move up a few positions?
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Replying to @tailwindcss
@tailwindcss @statamic Statamic (marketing site)
Our Rails app.
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Replying to @adamwathan
@adamwathan 1. Marketer first
2. Dev second
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Replying to @mijustin
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Replying to @mijustin
This line:
“The biggest priority during the pandemic has been getting readers the books they want. And what many of them want are books that other people already bought.”
This summarizes most market theory:
“Most people want to buy what other people have already bought.”
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Replying to @mijustin
(Also, just realized this thing is free? 🤯)
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@pjrvs “Regardless of whatever you choose, have a blessed day.” 😬
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Replying to @mijustin
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Replying to @mijustin
There's a huge misunderstanding here.
When surfers spot an oncoming wave, their ability to ride it depends on how good they are, their position in the water, etc.
The skills, network, timing, and execution of the founding team *do* matter. (But without a wave, they're useless)
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Replying to @mijustin
Anyways,
@seanwes is brilliant at video.
I think he's almost completely booked right now, but if you can grab a spot on his
http://DailyContentMachine.co you should. 👍
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Replying to @mijustin
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Replying to @ZacharyDeWitt
@ZacharyDeWitt @_chrismarin I wonder what % of SMB software spending is on SaaS? 🤔
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Replying to @mijustin
“A market” is the sum of demand in a product category:
1) Number of potential customers
2) How much they spend
3) The frequency at which they buy
https://justinjackson.ca/build
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Replying to @arvidkahl
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Replying to @mijustin
The danger is in sticking with bad ideas for too long.
Bad ideas are only helpful in that they lead you to something else.
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Replying to @mijustin
At the very beginning, it's hard to tell if your idea is good or not.
But you should feel the momentum increasing; like a river that starts slow and then gets faster.
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@calebporzio @DCoulbourne post-modern web hahahahaha
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is this a bad idea
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Replying to @driesvints
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Replying to @yongfook
@yongfook @sinequanonh ✨ creating magical connections between Twitter followers in this Twitter thread ✨
😉
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Replying to @mijustin
To me, it feels like we’re duplicating effort where we don’t have to.
It doesn’t make sense to have millions of businesses collecting, remitting, and doing the paperwork, when the EU could deal with a small group of entities (Stripe, Paddle, Gumroad).
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Replying to @johnkoetsier
@johnkoetsier @TransistorFM 👋 Hi John, I'm one of the co-founders (and I'm here in BC as well!). I made a quick video for you:
https://youtu.be/Rzow-UazzNA
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“Globally the wealthiest 10% are responsible for half of all emissions, the wealthiest 20% for 70% of emissions.“
https://www.theguardian.com/environment/2020/jun/26/leading-scientist-criticises-uk-over-its-climate-record
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Replying to @Shpigford
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Replying to @vitabenes
@vitabenes I’ve always bootstrapped, where answering a proven market demand is key.
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Replying to @jspector
@jspector Interesting! What’s the source for this?
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Replying to @adamwathan
@adamwathan @JacobBennett @taylorotwell @RicFlairNatrBoy Omg. “Lar-A-vel is the greatest... PHP FRAMEWORK OF ALL TIME.”
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Replying to @CasJam
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Replying to @mijustin
Thank god Hotmail wasn’t able to “lock down” email and force everyone to send and receive msgs through their platform.
But, I’m sure MSFT would have loved it!
(Can you imagine how profitable you’d be if you could control all electronic messaging?)
Some things shouldn’t owned.
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Replying to @IndieHackers
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Replying to @mijustin
And privilege plays a big role here (again, it seems most of luck is where, when, and to whom you were born).
When folks go to Harvard, they get to meet some of the most connected people in the world. They’re privy to opportunities most folks will never even hear about.
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Replying to @nickswan
@nickswan Business ideas are observations (“people have this problem they’ll pay to solve”) paired with hunches (“I could solve it this way”).
The idea encompasses the opportunity you see + your take on how to solve it.
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I'll be chatting with
@robwalling on the
@MicroConf YouTube channel, in about 35 minutes.
Come hang out and say hi! 👋
https://youtu.be/0w09SUQwR-c
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Replying to @randfish
@randfish It’s honestly heartbreaking.
Especially for all the Main Street businesses that haven’t (and won’t) receive anything.
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Replying to @mijustin
If you decide to sign up for Transferwise, use my referral code and you'll get free transfers (up to $800):
https://transferwise.com/invite/u/justinj248
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Replying to @mijustin
Getting close!
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Replying to @emd
@emd @JackEllis @adamwathan The trampoline is the best backyard investment we ever made. 👍
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Replying to @mijustin
And a big thank you to
@sciencevs and
@SamHarrisOrg for providing a steady stream of fact-based
#covid19 episodes.
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Replying to @mijustin
Lots of retailers (who use
@square) are trying to set up online stores right now.
To connect a custom domain costs a minimum of $84 / year or $11 / month.
They say they'll refund "March payments," but why not just make this free?
Retailers are already facing a steep curve.
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Replying to @mijustin
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Replying to @mijustin
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Replying to @mijustin
Related question: what makes a business "recession-proof?"
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In your mind, am I older than you, the same age as you, or younger than you?
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If you’re a Laravel dev who’s curious about serverless,
@JackEllis’ course is the one to get:
https://serverlesslaravelcourse.com/
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Replying to @songadaymann
@songadaymann Question (as a Canadian looking): why isn’t Warren polling higher?
As an outsider, it feels like her message, debate performance, etc. are really resonating.
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