Post by account_disabled on Jan 23, 2024 10:35:10 GMT
It is important that word, because it can not only mean a specific product. It can be a feature or even just a wireframe . The time and resources invested in MVP is different for every startup. In the case of a Hungarian startup, Sybrillo , for example, for half a year and approx. HUF , was needed to build the very first prototype, as it was a physical product that required thorough planning. Udemy, which is now a giant company dealing with online courses, acquired its first courses by packaging freely licensed lectures recorded at American universities into online courses. With that, we had the initial content that was enough to attract educators and students to the platform.
In the meantime, you need to focus not only on building the MVP, but also on Industry Email List getting early users. You will be much better off if you focus on creating a small group of people who are passionate about your idea right from the start, than if you immediately target a huge audience who have a generally positive opinion of it, but are not particularly interested in it. Gathering users also gives you the opportunity to start testing some channels, from which even more people can flow in later. Of course, this should not be overdone, but it will come in handy later if you log the results.
Some ideas for getting your first users: Direct search for acquaintances To be included in newsletters within the industry Low-budget, tightly targeted PPC ads Writing guest articles for pages that your target group likes to read In this phase, it is also possible that the cost of acquiring a user CPA will be higher than the total revenue it brings you LTV. What's more, in this case, it's very likely that you haven't even figured out how much you earn on average with a new user. Then this is not a problem, but of course you have to be careful not to spend so much money on acquiring users that it would endanger the existence of your company.
In the meantime, you need to focus not only on building the MVP, but also on Industry Email List getting early users. You will be much better off if you focus on creating a small group of people who are passionate about your idea right from the start, than if you immediately target a huge audience who have a generally positive opinion of it, but are not particularly interested in it. Gathering users also gives you the opportunity to start testing some channels, from which even more people can flow in later. Of course, this should not be overdone, but it will come in handy later if you log the results.
Some ideas for getting your first users: Direct search for acquaintances To be included in newsletters within the industry Low-budget, tightly targeted PPC ads Writing guest articles for pages that your target group likes to read In this phase, it is also possible that the cost of acquiring a user CPA will be higher than the total revenue it brings you LTV. What's more, in this case, it's very likely that you haven't even figured out how much you earn on average with a new user. Then this is not a problem, but of course you have to be careful not to spend so much money on acquiring users that it would endanger the existence of your company.