• Subscribe
  • 9 Things I realized while making $5,000 from my startup 🤯

    Karthik Tatikonda
    26 replies
    Hey Makers, Nithin and I started LaunchPedia on Jan 8th 2023 and it's been an year of roller coaster ride🎢 From literally making no money in the first 6 months and coming close to shutting down, to making $5000 from our digital products in the last 4 months. Here are the 9 lessons I learned from our journey: → It's not wrong to pivot. It's better than giving up. → Build multiple small bets, until you know what works → Plan monetization whenever you're building a new product → Build products that make money, especially when your savings are on line → Don't overlook email marketing. Collect email addresses, build funnels and setup email sequences from day 1 → Don’t delay your launch. Ship fast, validate the idea, get feedback, and iterate. → Leverage side project marketing. Build free tools and directory sites to increase your distribution and upsell your paid products. → Validate the idea using short term distribution strategies. Ex: PH launch, listing on directories, & Ads. → You don't need to build fancy products, you can also build info products as long as it is helping people.

    Replies

    Sunil Ayar
    Thanks for sharing this Karthik & Nithin, I've been following you for very long! Congratulations on your achievements.
    Share
    Parker Molley
    useful insights, thanks a lot! so cool that you have started making money in 1 year already, must feel so good:)
    Share
    Chris Lester
    Love the insight! Love the mission! Thanks for sharing Karthik!
    Share
    Sofie Davison
    Fantastic insights!
    Share
    Manoj R
    Thanks for sharing this Karthik & Nithin, I've been following you for very long! Congratulations on your achievements.
    Share
    Karthik Tatikonda
    Thanks a lot man @manoj_11 🤗 Let us know if you have any suggestions on how we can make LaunchPedia more useful for makers like you.
    Share
    It's truly inspiring to see how you turned things around and learned so much along the way. Your 9 lessons are pure gold for anyone starting a new venture.
    Share
    Sabaat Parasad
    "Bootstrapping my startup to $5,000 revealed key lessons: persistence triumphs, frugality matters, agility is vital, and relationships drive success. 🚀💡"
    Share
    PRIYANKA MANDAL
    Wow, what a journey with LaunchPedia. Thanks for sharing your insights. I love the lessons, especially about pivoting and the importance of quick iteration.
    Share
    Karthik Tatikonda
    Glad to know that @priyankamanra 🤗 Pivoting is one of the best decision we took in the last year. Otherwise, we would have shut LaunchPedia down by now.
    Shimron Singh
    Nice to see other entrepreneurs already making money in the first year!! Appreciate the helpful tip :)
    Share
    Antonios Marios Christonasis
    Really useful tips! Thanks for sharing!
    Ngocne
    Tks for sharing. Congratulations on your achievements
    Hồng ân Nguyễn
    Thanks for sharing Karthik & Nithin, I would like to apply your lessons to my process. Thank you so much!!!
    Share
    Hiep Nguyen
    Congratulations on your success in the journey. Love the insights! Thanks for sharing this!
    Share
    Rachel Nguyen
    Thanks for sharing
    Share
    Bobo Teei
    Great App thanks for sharing such idea