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"Build first, find a market later" mindset will kill your business

The biggest mistake aspiring Indie Entrepreneurs make:

Build first — find a market later 🤦‍♂️

Avoid this trap at all costs.

Here are 3 reasons why & what to do instead

1. Your product is not that new

It doesn't have to be, either.

It's 100% okay to launch the same thing others already built.

Just don't expect the world to go crazy after your launch tweet.

It might be the first AI product for you. But it's not the first AI product for everyone else.

2. Business is not about coding; it's about solving problems

It's good that you can turn an idea into a real product.

But your audience doesn't care about it. Sorry.

They care about removing an irritating struggle from their lives. So they can experience desired benefits.

  • If a Notion template can do it, they will buy it.
  • If a weekly newsletter can do it, they will crave it.

If you build a product around your vision and not customers' needs, no one will pay attention to it.

Marketing doesn't start after the product is built. It begins on Day 0.

3. Good chances only you experienced this problem

Okay, maybe you are scratching your own itch.

That's a good thing, right?

Yes and no.

It's easier to sell to the community if you are part of it.

But very often, you are an outlier. Only you experienced this problem. Only you need this type of product.

And if you don't check it before the launch, you will end up the only customer of your product.

Your biggest superpower will turn into a harmful bias.


Alright-alright.

What to do instead?

Think about monetizing your product from the very beginning.

Not about building it. Not about using some fancy framework. But about getting paying customers.

Here's a list of helpful marketing tasks:

Idea stage

  • Talk to 15 people from your target audience segment to validate that they have this problem (don't ask them if they will buy your product; focus on the problem and their experience with current solutions)
  • Find and analyze the strengths and weaknesses of 5 direct competitors that were active in the last 3 years
  • Pitch your product idea to 5 seasoned Entrepreneurs to get some raw feedback
  • Write down in 2 sentences your product's value and how it is different from existing solutions
  • Describe your future marketing funnel. How will you acquire users and nudge them to buy from you?

MVP stage

  • Build a simple version of your future product. Don't think about automation; do things manually
  • Show it to 20 people from your target audience segment and collect their honest feedback
  • Create an early bird deal (one-time payment or annual pass) with a heavy discount ($19-$79)
  • Aim to get at least 10 early bird customers that paid you real money for a tool that doesn't exist yet

Building stage

  • Create a waitlist page when the early bird deal is over
  • Show new features to early bird customers to get instant feedback and validation
  • Share educational, inspirational, or thought-provoking content about the problem you are solving. Your goal is to understand what resonates with your audience
  • Run usability tests of your landing page (people share their screens and comment on everything they see on your landing page)
  • Get feedback from Entrepreneurs on your pricing to handle objections better

There's a chance you will find out that your product isn't that promising.

That's completely okay.

Pivot to a different but connected niche. Start again.

It might take you a few times. It might feel frustrating.

But it's x10 better than just building a thing without anyone looking, only to find out nobody needs it.

Don't build to build.

Build to sell.

[Read more tips on getting ramen profitability fast in our free guide.]

  1. 6

    Marketing people have no soul.
    Marketing should not define your product. While it’s true that you need validation early on and build with users’ needs in mind - nothing is more annoying than marketing people talking about “great” stuff coming up “soon”. Sometimes it’s better to make your own mistakes and learn from them than to believe blindly some “experts”. You need sometimes to do something regardless of what other people might say because you believe in something and want to change a status quo. Also talking to other (wrong) people too early might discourage you from building a great visionary product. It’s never a bad idea to build an MVP first before you tell others how great your product is.

  2. 4

    In my experience, it depends.

    • Spending a year building something nobody wants is for sure a bad idea.
    • Spending a weekend building a prototype can help to have the right conversations.

    Of course, it also depends on how difficult it is to get to MVP.

    I've done both and I don't regret it.

    The key as you said is "marketing" begins on day 0. Of course it depends how you define marketing. Telling people what you're working on regularly, getting a feel for how people respond. Finding the right channels to your customers. These are all very important.

    But at some point you just might not be able to find the market you're looking for. You need to know when to stop, pivot or go in a completely different direction.

    My current project, Summarise YouTube was a weekend prototype and so far it's meeting all my expectations. Conversations are starting to happen. I don't think I'd be able to have them without the prototype.

    1. 2

      Spending a year building a stealth is never a good option.

      Signed by everyone who tried and failed.

      There are 0 exceptions.

      1. 2

        That's not what I said. I actually agree with you. Building a stealth is never a good option.

        My point is that it's not one or the other. It's not black and white. Many successful products do building and marketing together. At the same time.

        No marketing = no customers
        No building = no product

  3. 3

    @kronop - I've always struggled with the idea "market first, build later". Could you help me understand this a bit in more detail? Here's how I think about it -

    Let's say I'm building an MVP in a proven market. I know my product isn't incredibly different. But I just want a share of the market. In this case; how should I go about marketing my product? Do I need to revalidate the market? I know people are willing to pay for the solution. My differentiator could be - better UI/UX, better pricing, great support etc.

    I'd rather build the minimum lovable product and then enter the market to see if there are buyers.

    Please let me know your thoughts on this.

    1. 1

      Why not codify your differentiators into a landing page and then at the bottom encourage people to give their email to be the first to use it if/when it's ready? This gets you their feedback right away, and isn't hiding the fact that you haven't built it yet.

  4. 3

    Great post and I couldn’t agree more. The LEAN canvas is a great help to get your concept ready, then aim to find a profitable business model as quickly as you can through an MVP and user feedback.

    I would go as far as saying, Don’t Build to Build, Build to Solve a Problem.

    When you solve a problem where the 3 lenses of innovation overlap (Viability, Feasibility, Desirability), success is more likely.

  5. 2

    Talk to 15 people from your target audience segment to validate that they have this problem (don't ask them if they will buy your product; focus on the problem and their experience with current solutions)
    ---- it is really important

  6. 2

    I used to play Jupiter Hell, but lately my free time for video games is getting less and less. I don't know, maybe it has to do with the fact that I'm trying to start my own business now and I'm constantly and constantly ordering best tennessee llc services since I don't understand anything about it yet. Or maybe I'm just not ready to spend my free time yet. But I hope that soon I can get back to video games and spend more time doing this wonderful thing.

  7. 2

    This is quite hard-hitting, We made the tough call to discontinue our side project not long ago, a venture that consumed numerous weekends and personal resources. While we were actively presenting our product, we maintained secrecy around it. Our inclination to evade the spotlight and bypass marketing persisted. It's not that the issues didn't exist; it's just that we held onto the aspiration of a grand launch or a flood of eager sign-ups. Unfortunately, reality fell short of those expectations, leading to feelings of disappointment and a gradual loss of motivation as we progressed.

    1. 2

      This message truly resonates with the challenges many ventures face. Making the difficult decision to discontinue a side project that you've invested significant time and personal resources into is never easy. The commitment to maintain secrecy and the desire to bypass marketing reveal the dedication you had towards perfecting the product before its unveiling.

      It's clear that the journey was filled with high hopes and aspirations for a successful launch, complete with enthusiastic sign-ups and a grand reception. However, the path to reality can often be different from what we envision, and it's understandable how the gap between expectations and reality can lead to disappointment and a waning sense of motivation.

      Remember that acknowledging these feelings is an important step in moving forward. Lessons learned from this experience, no matter how challenging, will undoubtedly contribute to your growth and resilience in future endeavors. Making tough decisions and confronting setbacks are integral parts of any journey towards success. Your willingness to share this experience serves as a valuable reminder that setbacks are not failures but stepping stones on the path to achieving something remarkable.

  8. 2

    This is awesome. I love how you outlined these points: creating a marketing funnel first, getting early bird sign ups and then creating a waitlist after it is over. These are some of the things I had to learn when starting a new product page

  9. 2

    This is so true - as everyone else - learnt these the hard way. Thanks for writing the piece.

    1. 1

      glad to help first-time founders!

  10. 2

    Learnt not just some of these... all of it, the hard way. I'm glad to see it articulated like this.

    1. 1

      same here, thank you!

  11. 2

    Well you have to build something first to show someone. The idea must jump from your head and come out to the real world. Goal of it is relative. It's the prototype, the MVP or whatever you want to call it. You could make a project that does not need sales. So if you want to build something just build it. Don't put a price tag on it. Money is just one of many goals. :)

    Pedro

    1. 1

      I am not arguing about this :)

      Always come to your audience with something, even a simple Figma mockup.

  12. 1

    Damn right, marketing is so important.

  13. 1

    Totally agree. This is exactly one of my takeaways from the past many years of building products. Marketing is as important as building the product itself. I think it's more like building to solve problems rather than building to sell. Sometimes if you only focus on selling your vision is short-sighted. Solve an immediate problem in the short term and focus on a bigger vision in the long term.

  14. 1

    "Marketing starts on day 0" is my big takeaway. I'd add "and it never ends until you exit." There's a lot of discussion of whether to market or build first. But why not focus on solving the problem right away, in whatever capacity you can?

    This'll initially be clarifying it online so more people understand it. Then you can ship a lightweight solution like a newsletter or Notion template, like you suggested. Then perhaps a service. Then a no-code solution. Then, finally, a MVP.

    This way, you can market and build simultaneously while you make your way to a full-fledged product. The whole time you'll expose yourself to the reality of whether you're solving the problem or not.

  15. 1

    The "Build first, find a market later" mindset can indeed be detrimental to a business. It's crucial to understand and address the needs of your target audience before investing heavily in product development. Building a product without a clear market in mind can lead to wasted resources, missed opportunities, and a lack of product-market fit. Successful businesses prioritize market research and validation, ensuring that their offerings align with customer demands. In today's competitive landscape, understanding your market from the outset is essential for sustainable growth and long-term success.

  16. 1

    Starting with a specific problem in mind is the core skill for all people here.
    This is not marketing per se. It is something much harder.

    Problem design, framing, isolating, spotting, and understanding. The market is a system. The problem is a messy or missing code within that system.

    If you do it right you do not need to shmooze with potential customers early on. You are supposed to work under the hood whereas their perception is often superficial.

    Finding and good problem and sticking to it is my ideal.
    You can throw all you have at it and hopefully one of the solutions and angles will work.

  17. 1

    some features have been validated, just build it?

  18. 1

    Couldn't agree more!
    before: learn learn learn learn learn learn learn work
    now: learn work learn work learn work learn work learn work

  19. 1

    Btw, is it common for founders here to launch their landing page w/ waiting list on Product hunt?

  20. 1

    What ever you are doing the most important thing is to get to product market fit as fast as possible. Only product market fit can make money, a sustainable flow of money because people need your product.

    So, whatever you do that can achieve product market fit fast is the best option. If you are so good at building and can build within days and confirm that the market for your product exists, then building can help your customer understand what you are doing.

    Else most of the time going around checking the existence of demand in the market is better. Most of the time building takes more time than doing research so essentially figuring out product market fit will take longer.

    Thats all. No rules, no steps, no tips or tricks.

    Have product that people want aka product market fit = good product.

    Whatever your strategy is as long as it help to reach or figure out product market fit faster, it is the best strategy.

    If you guys want to understand more about product market fit checkout this blog post: Key to Business Success: Finding Product-Market Fit

  21. 1

    I think it's wrong to discard "build, then market" completely if you have a lot of runway and are starting a side-hustle alongside your job. If your 3-month project doesn't take off immediately, who cares? Just go back to a job and market it until it takes off. It's very hard to market a product that doesn't exist yet esp. if you don't know how long it will take to build. The only valid point is to verify that a market exists if you embark on larger multi-year projects. For smaller ones I would just build it, if it fails, chalk it up as "work experience" and get a higher paid job later on.

  22. 1

    I wouldn't write off the "build for yourself" trap so quickly. If you're the target customer, you'll also have the best mental model for what the solution should look like. Parker Conrad at Rippling talks about this – he admits that he's not the best PM, so to better understand the needs of the end user, he's the only full admin at Rippling (obviously doing the job of admin using Rippling). He becomes to target customer so he can prioritize more effectively. Plenty of other companies started out using this approach.

    However, I do think you ultimately emphasize the right thing – which is that if you're building for yourself, it's very easy to develop some harmful biases. While there can be advantages to starting up by building for yourself (you know the problem space intimately), you need to go out and find design partners early and continuously iterate and validate.

    It's also going to be very difficult if you don't have that initial network of peers/potential customers to lean on. You have to go out and find them. Easier said than done.

  23. 1

    Quick questions, what channels do you use?

    Do you cold email with Apollo, join reddit communites, attend conferences,etc?

    It's been difficult to get people to talk to.

  24. 1

    A struggle I am having is quickly finding people in my target audience to speak with. Does anyone have any hacks for this?

    1. 1

      Without knowing much about your product or target audience, the advice I'd give is to think about what channels they hang out at.

      Ben Silbermann (Pinterest) found his target audience when a blogger he met at a conference made a post about Pinterest and it reached her blogging audience.

      Nikita Bier (Gas + TBH apps) created instagram accounts for specific high schools and reached HS students to build user interest + sign ups.

      Where do your users gather and how can you reach out to them appropriately?

      You can also look at Reddit too. When I wanted to just learn about nurses and their habits, I went to the nursing subreddits and read posts + comments that were related to what I wanted to learn. It's not the same as talking to them, but I did get some valuable insight about habits, grievances, etc.

      1. 1

        Thanks @cassia. We are targeting consumers with a credit card selection tool so I will look to get creative by possibly trying to look for credit card churners to start. Thanks again.

  25. 1

    Kinda agree.

    What if I really want to walk through the whole launch journey (setting up monitoring, newsletter subscription, domain, etc.), just for the sake of learning?

    I've never done that. Used to stop at the coding phase.

  26. 1

    Absolutely on point, Dan! Your insight here is a much-needed reality check for all aspiring entrepreneurs. The "build first, find a market later" mindset might seem tempting, but it's a one-way ticket to disappointment. Your breakdown of the three major pitfalls is spot on. It's easy to get wrapped up in the excitement of coding, but in the end, it's all about solving problems for your audience. Without understanding their needs and struggles, you're just floating in the void.

  27. 1

    made my shares of mistakes on this and only taking niches and categorizing customer groups first before even a single line of PRD

  28. 1

    The best approach is to always develop an MVP with minimum resources required, and then test the reception on real users. If you see potential, develop your MVP into something more robust.

  29. 1

    It is really helpful for new owners...

  30. 1

    I think it is 50/50. The correct way is always to build the MVP first, and then test it.

    1. 1

      How do you know your building something people want and will pay for?

      1. 1

        build fast, release faster. Then iterate...
        Even you ask 1000 target audience and get 1000 positive feedback. It is something different than releasing a real platform...

  31. 1

    Remember, understanding your target audience's needs and validating your product early on are key. By following your suggested marketing tasks, entrepreneurs can increase their chances of success and avoid wasting time on non-viable ideas. Grateful for these actionable steps! 🚀

  32. 1

    good idea i like it .lol

  33. 1

    "If you build a product around your vision and not customers' needs" This sentence is very thoughtproving.

  34. 1

    That's why speed is very important in business especially if you are bootstrapping or solopreneur. Even thought you have do all the validation there is a chance that it cannot be scale or other weird issue that you miss during validation.

    So what you need to do is quickly validate and quickly built and test it out. And then if not working well move to next.

    If you guys remember pieter levels and many others did similar stuff. Build fast break fast and move on. Else you will stuck with unworking startup.

    If you are thinking what if it takes time to pickup ?

    Well if during you launch nobody cares then it tells something about the product.

    Here some reading regrading how to build mvp fast. When Building MVP, Speed is the Focus

    Remember failure will comes and the only way to achieve success is to go through the failures quickly

  35. 1

    How do people usually find customers and people to validate their ideas? This is the hard part for me. Thanks

  36. 1

    This is helpful! Thank you.

  37. 1

    Best Wishes From Inat TV APK Ios

  38. 1

    Thanks for this article, very insightful. I needed to read something like this.

  39. 1

    Is hard to be absolute in this matter. Eventual success reduces (in hindsight) the weight of false or painful starts).

    For me the maker/sales dilemma gets resolved with two ideas:

    1. Rather than "being good at business”… an entrepreneur task is to discover a good business (than anyone can run). Being good at business is really about understanding this.

    2. You don’t want to miss, but you don’t want to stay away from opportunities to miss since they are the same opportunities to hit.

    Just like life, starting a business can only be experienced.

  40. 1

    Dealing with this right now. The if you build it, they will come approach. Thankfully it's not too expensive to keep my site running so I'm focusing on audience building now

  41. 1

    Focus on Problem Solving!

    1. 1

      I couldn’t agree more.

  42. 1

    I totally agree with your points. "Solving the Problem" It is main for all products.

  43. 1

    Dan, Firstly, thank you for laying this out. I definitely need to hear this post. I've been grappling with some doubts about calmmind.ai. Truthfully, I'm not completely sure about my target audience and whether they'd buy into my app. Given everything you've mentioned, should I consider a pivot? Also, I value your perspective - what's your honest take on the core idea behind my app? Do you think it stands a chance?

    1. 2

      If you don't want to hang out with your audience for 12 months — pivot

      I haven't seen a single example of successful indie product where Founder doesn't understand its audience

  44. 1

    Thanks for your valuable input Dan!

    If I plan to build/sell a data list on a monthly subscription basis to you recommend creating an early bird deal that gives the first 10 customers a lifetime heavy discounted monthly subscription rate or rather a heavily discounted one-time 6 month/annual pass? Much love

    1. 1

      Heavily discounted annual pass is a cool alternative if you are afraid of recurring costs.

      1. 1

        Cheers for your input Dan!

  45. 1

    The one thing I find exciting is, that if your product is like from 2056 then it's going to break the moon fr...

  46. 1

    This comment was deleted 8 months ago.

    1. 2

      build a following then

      I started 15 months ago with 0 followers. As everyone else.

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