Newegg’s net income increased 55 percent in 2008, to $28.4 million. Sales increased 13 percent to $2.1 billion in 2008, and have just more than doubled since 2004, when sales were $982 million. As a retailer, NewEgg’s's profit margins are slim. It was only 1.4% in 2008. Amazon’s profit margins are around 3.3%, which is double Newegg’s margins. Reaching a 3.3% margin may the best Newegg can hope for. And while Newegg is seeing decent revenue growth, retail is tough, especially when your biggest competition is Amazon.
Hey I had the similar experience with my first launch of tidily.io.
Here's what I learned about PH:
- The network/popularity of the hunter is the biggest factor even though PH says that's not the case.
- I thought getting votes will get you featured, that's not the case , the moderators manually choose the products to be featured.
- Sometime they may skip your product accidentally, you can pink them via message to take another look at it to see if it's feature worthy (which is what I did)
- PH is good for getting PR but not always for getting the right initial users, I got more valuable users from reddit / facebook groups than PH
Hope this helps you with your next launch :)
Hey, I would suggest checking out Stripes Atlas https://stripe.com/atlas
My tip would be to really tighten up your website and you will need to be able to complete with what Stripe is doing. If you haven’t seen it then I hope this link helps with some ideas.
The website looks okay for the most part (though it is a bit plain), but nothing convinces me to actually do business with you. Other than your logo and "A Maker's Best Friend" which is in small font and I didn't even see at first, you really don't have any branding.
Without any visible product ratings or even a contact page, there is no trust or familiarity being built. Did you just update your About page? I swore it just said "find our youtube channel" a minute ago but I see content there now... anyway I was wanting to share this article which might help you out: https://moz.com/blog/9-simple-tips-for-making-an-about-us-page-that-works-for-your-brand
Hope this helps, and best of luck!
That's a very innovative app for coders to stay connected with each other. You can also try out my instant messaging app also for sharing business files, docs, pdfs. Also, you can make audio-video calls by just signing up for this.
Try this out and send feedback to me https://scalefusion.com/oneteam
on the decision to make it opensource : This was a product we started building in 2017. It failed due to a couple of obvious reasons. We built on Vue.js and Rails. It was in an inactive mode for around 1 and a half years. Recently we thought of putting it out instead of letting the code to rust. Our idea is to make it something like Gitlab/Mattermost where people can host their own version and we will provide a hosted version for people who don't want to self-host. if you are further interested in the story , check this blog post
As of now, the main differentiator will be the ability for you to host the solution if you are concerned about data privacy. But over the last couple of months, we were able to make significant progress in terms of the features we offer.
I hope you are having a fun trip and do stay safe. Will be waiting to see your comment :D
Yeah I think as others have said, I'm lacking a few details over here. But I'm an indie developer like you and know what you said. I was working a full time job when I was building my dating app. Previously, I was building another location social network. Here were the mistakes I made when I was first trying to create my MVP.
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I would start with the web app (which is what you did), and test the app to people that were within my target niche. I would then observe the drop off rate and traction quality. With my dating app, I purposely made my onboarding a little more tedious than usual, with the need to upload a voice intro. I then observe if people were actually willing to proceed with the rest of the onboarding flow, and if they were, what were the percentages that actually completed their profiles? I used that to decide if a mobile app would then significantly increase the traction rates and planned the next phase of the MVP from there.
For your scenario, I would stop building any advance feature at the moment, since you've mentioned you have barely any traffic as it is. Would it be a good idea to test like some paid ads (5 dollars per day) to see if it helps the traffic?
I would probably also seek more feedback on my product like reddit, indiehackers and product hunt. If you have a linkedin account, you can get some good polls or feedback there as well. Sometimes it could be that you're not targeting the right audience, or your landing page is confusing. Basically, I would first get the traffic and traction right before even focusing on point 3 and 4 (building the next stages of the MVP).
Thank you so much. The first version took 4 weeks before we launch on Feb 20th. Then we've been working on it since then to make it like what we have right now. Here is the product timeline on IndieHakers for more detail. Thanks again. https://www.indiehackers.com/product/specs-template