Why your side project makes $0
2 min read
4 months ago
Published on Apr 22, 2024
This response is partially generated with the help of AI. It may contain inaccuracies.
Table of Contents
How to Build a Profitable Side Project: Step-by-Step Tutorial
1. Avoid Adding a Free Plan to Your Product
- Problem: Adding a free plan can hinder your project's profitability.
- Solution: Consider alternatives to free plans such as offering free credits, short free trials with a credit card, or providing a standalone feature of your app as a free tool.
2. Avoid the Shiny Tech Syndrome
- Problem: Constantly trying out new tools can be distracting and decrease productivity.
- Solution: Stick to one tech stack that works for you and focus on solving your users' problems rather than chasing the latest trends.
3. Be Cautious with Subscription Models
- Problem: Switching from one-time payments to subscriptions can lead to a drop in sales.
- Solution: Evaluate the pros and cons of subscription models and consider the impact on user experience and sales before making changes.
4. Craft an Effective Headline
- Problem: Your headline is crucial for making a good first impression and driving conversions.
- Solution: Spend time creating a compelling headline that triggers an emotional reaction and clearly communicates the value of your product to potential customers.
5. Avoid Over-Engineering Your Product
- Problem: Spending too much time perfecting your product can lead to burnout and delays in launching.
- Solution: Embrace the 24-hour startup framework by starting with a minimal viable product (MVP) and focusing on the core features that solve your users' primary problem.
By following these steps and avoiding the common mistakes outlined in the video, you can increase the chances of building a profitable side project that resonates with users and generates revenue.