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Recent content by TimTheCoder

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  1. TimTheCoder

    The dilemma: quit or persevere?

    Thanks I guess listening to the market rather than the generic business advice is a sound approach. Yes Indie Hackers is great, I have been lurking in that community for a while now. It doesn't tend to have as much active discussions though, I think I've gotten more value from this forum.
  2. TimTheCoder

    The dilemma: quit or persevere?

    Man, I would love to do this. I have actually talked to someone who signed up to my app looking for this use case but ultimately it ended up not being effective. There are a few problems why it currently won't work for this market: 1. It is designed for a classroom environment where people are...
  3. TimTheCoder

    The dilemma: quit or persevere?

    Well, because the product is relatively inexpensive my business model depends on thousands of paying users rather than a few big "clients" (so I think "customer" is a better word). And to non-organically reach these numbers would require advertising. The problem is this is not something you buy...
  4. TimTheCoder

    The dilemma: quit or persevere?

    Interesting, thank you for the reply. I guess the idea that if you can make $1, you can make $100 and if you can make $100 you can make $1000 and so on has been what kept me going for so long. But recently I have been a bit demoralised and I've read about ideas like "If you can't be #1 or #2 in...
  5. TimTheCoder

    The dilemma: quit or persevere?

    Thanks for the reply, some good points to think about. I'm still in contact with my physics teacher who I originally made it for and there is a problem he has which he's asked me to incorporate into the app but I haven't yet because it's quite complex technically-wise and would also make the...
  6. TimTheCoder

    INTRO When to get an LLC?

    DON'T worry about legal entities until you're making substantial revenue. I'm in the UK so not an LLC, but I made the mistake of incorporating before I made significant revenue and it has just been a massive headache that distracts from working on the business. The taxman doesn't care about your...
  7. TimTheCoder

    The dilemma: quit or persevere?

    I have been working on this web app for a few years, that I started as a coursework project when I was in school. It is a quiz app that makes assessment more fun and engaging for students. After 1 year of working on it full time, I'm now starting to make £1-£2K per month (£500-£1K profit)...
  8. TimTheCoder

    Bringing on a cofounder, years later?

    Very true, I should do more networking. I'm living with my parents now though and we live in a village, so not very ideal. Once the covid situation dies down I should be making enough to support myself and can move out to a city or something where there'll be more opportunities for that sort of...
  9. TimTheCoder

    Bringing on a cofounder, years later?

    Some good points to consider, thanks! I do trust him, we've been working quite well in the last few months and made some great improvements to the product. His main contributions have been improving the product's intuitiveness as it had quite a bad interface before. But again, this is something...
  10. TimTheCoder

    Bringing on a cofounder, years later?

    Yeah this is what I've been thinking - just pay freelancers or consultants when I need help with something. I guess as this is my first business part of me likes the idea of having someone with experience help making the decisions etc. But I also don't really want to give away equity with...
  11. TimTheCoder

    Bringing on a cofounder, years later?

    Hmm A/B testing pricing models could introduce a lot of complexity. But I have wanted to test removing the free version and just having a trial instead.
  12. TimTheCoder

    Bringing on a cofounder, years later?

    Agreed, although this was more the old pricing model. It was basically a free version and a Pro version and the Pro version was mostly just nice to have features. So as you can imagine, most people just stuck with the free version. I cringe at how long I kept that pricing model though, I should...
  13. TimTheCoder

    Bringing on a cofounder, years later?

    Ok hopefully you fastlaners can share your thoughts on this :) I've been working with a marketer for a few months, he's been helping me improve my product and given great feedback, which I've implemented. One of the major breakthroughs has been a change in the pricing model, which has seen a...
  14. TimTheCoder

    Tesla Stock?

    lol I hope you bought some :D It reached 1.8K today. I agree with Ark Invest's analysis, it will be worth a lot more in the years to come.
  15. TimTheCoder

    HOT TOPIC 20 years old, planning to quit uni and move to Thailand to work on business

    Thanks for taking the time! Really appreciate your feedback here. Oh no! Do you understand the principal behind the app? It's basically a board game + questions which are the quiz part, so gamified quizzes. You upload a background, place the spaces where you want the players to move (click the...

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