The title may sound sad, but what I’m asking is this:
Suppose you have an idea that you’ve developed and published, but it fails to gain traction. You then make minor adjustments, such as changes in marketing strategies or slight modifications to features. At what point would you consider the product to be a failure?
What would be the threshold—in terms of time, money, or other factors—beyond which you would decide that it no longer makes sense to continue?
You need to shift your energy from creating one product and hope for the best to creating a thriving environment to quickly create products and test.
Put your idea in front of potential users a few times in different situations. If they don’t bite, move on. How much time and effort you put in is irrelevant.
a few times in different situations
Example?
a few times in different situations
Example?
Why do you think it’s failing?
If there’s no market, move on.
If there’s a market, but they just don’t buy that your product is worth the switch/investment, keep on going.
Time and money, I can’t keep up with server and hosting cost as well. After two years I don’t see any traction in my project and I have to face it not all idea will work.
for my experience, after 2/3 months after I release the project, I abandon. But, once i became old, i understand what a side project or a personal projects need, so, I have been working in the same for the past 2 yeas. Could be slow, but, work a couple hours per day makes that the project the best option.
I would completely Optimize to earn money. Money is a great way to keep oneself motivated. Any progress that takes you closer to earning your dollars is worth it.
If u tried long enough and it’s not working then just pivot, keep pivoting until it works
How much you genuinely believe in a project usually determines the outcome. Then external factors like what is driving you or why you are walking said path. For most, it’s wanting to see Stripe notifications on your home screen so when these fail to materialise, so does your enthusiasm. Remember, many start but few succeed.
Find something you want to build and a solid reason as to why other than generating revenue. It’s a cliche but usually doing that produces revenue as a by-product.
You need to know that enough relevant people have actually seen your product. If they haven’t, work on that. If they have you need to make changes.
When the day comes that I lose my passion for this product, regardless of whether it has users or is profitable.
Time and money, I can’t keep up with server and hosting cost as well. After two years I don’t see any traction in my project and I have to face it not all idea will work.
You need to know that enough relevant people have actually seen your product. If they haven’t, work on that. If they have you need to make changes.
Why do you think it’s failing?
If there’s no market, move on.
If there’s a market, but they just don’t buy that your product is worth the switch/investment, keep on going.
Whenever I lose interest.
Could be profitable or not. I’ve changed careers, sold businesses, and shut down businesses just because I was “over it”
I don’t like the “never give up and you’ll always win” mindset because life just doesn’t work that way. It’s not fair. It’s not always or only contingent on how bad or how long you want it.
Instead, I think of businesses and side projects like investing in the stock market, but instead of trading in dollars, I’m trading in time, effort, and ideas.
I don’t put all my dollars in one position and then hold it forever and expect to win big.
I spread that investment out across multiple positions expecting that any of them could be big but most won’t.
The real loss is simply not playing the game at all.
Whenever I lose interest.
Could be profitable or not. I’ve changed careers, sold businesses, and shut down businesses just because I was “over it”
I don’t like the “never give up and you’ll always win” mindset because life just doesn’t work that way. It’s not fair. It’s not always or only contingent on how bad or how long you want it.
Instead, I think of businesses and side projects like investing in the stock market, but instead of trading in dollars, I’m trading in time, effort, and ideas.
I don’t put all my dollars in one position and then hold it forever and expect to win big.
I spread that investment out across multiple positions expecting that any of them could be big but most won’t.
The real loss is simply not playing the game at all.