Hi everyone,
I recently started a newsletter where I interview founders and get growth tips from them. I've also launched it as a podcast. I won't post the link as not trying to self-promote.
I had a lucky launch on Product Hunt and gained a load of subscribers early on so I kind of feel like I should continue it.
However I've noticed after only 9 issues that there are a lot of recurring principles. And I've also noticed that there is a load of other growth advice out there.
I'm wondering if this has longevity, or if I should be looking to pivot.
Would love to hear your thoughts.
Nearly every market is saturated. It's 2020.
You know what is not saturated? The @kieranball Growth Advice market. Because there's only one of you with your perspective, your combination of experiences, and your voice on the topics involved.
There are countless examples of businesses that started in an overly saturated market but ended up taking major market share. Why? Because they had an undeniably good product, and a unique perspective/approach.
So to that voice that says "this market is too saturated for me to be successful" you either have to say "f*** you, I'm going to do it anyways" OR take it as a sign you really aren't passionate about that industry.
My 2 cents.
This is a brilliant answer and you, @dustinwstout, are awesome.
This is so true.
If you have one or more of these, you will be fine:-)
If you provide real values, you'll always find success
Thank you, this is excellent advice.
I agree that a lot of startup advice is repetition. I listen to podcasts all the time and my wife rightly points out "they all say the same things!".
But I guess sometimes you need to hear the same thing many different times for it to sink in, or you need to hear it from someone who you really resonate with.
Post the link. Self promote. We would love to see the podcast.
Just like anything, having competitors means there is a market. Do not worry about how many. Just focus in on a specific niche that you can serve better than anyone else.
For example:
The list goes on. Just because there are many people doing the same thing does mean that they are doing the same thing.
Thanks for the encouragement.
It's growthlessons.co
My perception is that there's a lot of conversation about tactics from people who maybe have never run growth at a company of any significant size. That's just not very helpful generally.
On the other hand, there are some authoritative voices who occasionally write about growth on their blogs or talk on occasional podcasts.
This is probably also symptomatic of the myopic view of growth that a lot of the startup community takes. They see growth as a team to be run who do XYZ to get more users at a cost of 123.
However, in my experience, growth really takes hold when it becomes a holistic mission for the business. Of course, there has to be a strategy underpinning all of that work, but it's often that which goes missing from growth advice.
That's good to hear. I'm definitely seeing patterns and most of it isn't anything more than just good business practices like talking to your customers.
But I know from firsthand experience that when you're caught up in the running of a business it's easy to forget the basic principles.
I think the market for growth advice itself is much smaller than most think. I also started a growth newsletter but I am only getting started. Overall I think there is plenty of space within the niche, but the advice should be tailored to companies who are actually in a position to test those things. Most people who think they need to grow are actually not there yet (like most people on IndieHackers).
I agree that there is only so much one can test, but then again there are always new people new to this stuff plus.
Congrats on starting a newsletter! I definitely recommend launching on Product Hunt to get some subscribers.
I agree it would be good to tailor the advice to the stage of the company.
Thanks! I will definitely launch on PH once I have more than a handful of issues out, just so it has some value right off the bat. Are you finding it hard to come up with new content?
Yes I'm actually finding it a little difficult to find people to interview. But I haven't been very systematic about it.
Oh I see. Hmm, I have a long way to go yet so I am not having this problem ;) Right now I am exploring various concepts and just pointing out what I see out in the wild. I WOULD like to move to interviews though and will start reaching out soon. Right now I am putting together a premium resource that I will try as a way to entice people to comment on my articles ;) Of course, it would be nice if they commented out of genuine excitement, but I'm not there yet either.