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Deleted. Wrote something too soon possibly lol
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Free registration at the forum removes this block.Deleted. Wrote something too soon possibly lol
If it's serious then upgrade and move your progress thread to the inside.
You did give away some damning information for the curious.
Long story short. You're said exactly why you should pre-sell right now. There are current buyers. They're aware of the solutions.
You don't even need a packet. You just need unhappy customers.
Raise prices. Pre-sell.
Fwiw, I saw the early post.
You can definitely create that better product. If there are white label resellers then the problem is big and deep.
I.e. your $650 to $1300 per month is probably bare minimum.
$7200 to $13000 yearly doesn't sound like ML.
There is a thing known as Baumol's Cost Disease in Health Care, which predicts that due to reporting, administrative costs will rise forever like a black hole and cause general healthcare costs to rise forever.
The ACA is an example of how this occurs. Also, Canada, Britain, and maybe France as well (for various types of demonstrations of the effect).
So your problem is probably more expensive as the size of the organization increases.
You have found an admin problem with a real exit potential.
Healthcare companies get the most exits if I'm not mistaken.
If you're making a quality solution that can be A) scalable
B) compelling
You need to charge more. This also means you can make cash faster as there will be affiliates and stuff. They'll like a higher priced custom quality offer.
If your competition is super advanced then your solution will be cheap to build because it has been done a million times.
Your incremental improvement will get somewhere faster and better if you just pre-sell.
Selling now will help you create a godfather offer since the market is mature.
Knowing why you aren't good enough shows how to create the irresistible offer. Selling actually helps nail down what's missing.
If you do it the SPIN selling way.
However, it does sound like you need to map out the solution better if you're adding a never done before component.
Just my 0.02c.
just do. Keep pushing. Keep going.
There are multiple areas of innovation:
Convenience, Price, Quality, Speed etc.
Pick one and be great at it. Most of all, trust your gut. They're not all dependent on price. If everyone is doing the same thing. It's probably a clue to do the opposite.
Edit: There's something for you on the inside that may help with your journey. MTF has a thread you should read. You'll see my post there on the inside as well asking about how to do this. Both threads are worth reading.
Looking for a little advice, maybe @eliquid you can help? Small advice:
I am trying to figure out what order I should be doing things.
I've got software that doesnt quite live up to par with being an MVP. It will only test the database that I have created, and wont "satisfy" the problem directly.
Therefore, I'd like to create a real MVP. But I am curious if first I should look for more people with this problem or build them MVP and then go find the people with the problem to show them the MVP?
So what order should these be placed?
- Build MVP
- Find more people with this problem (I had 5 but probably down to 2), via landing page or explainer video with opt-in form.
While it would seem obvious to first find more people with this problem to save myself from wasting money on an MVP, my idea is nothing new and other well-funded companies exist in this market (thus verifying the idea). I am just doing things differently.
Thanks!
Wow @eliquid thats quite the reply. I acknowledged what you said in the past about having little to no industry XP in an area that I see needs change.
I remember you talking before (perhaps in your AMA) that being in that industry was not absolutely necessary.
As you probably know, what I am doing has a lot of competition from much larger players. Two of which use the distributor model with salesmen and the other uses high-priced BIO (Buy It Once) installable software with low reviews and terrible customer service.
Clearly, room for one more exists in the form of an easy to purchase, monthly subscription SaaS product.
How is it that I could just walk away from a potential opportunity, just because I dont have industry XP?
Help me out here. I've seen others be successful without being in the industry.
It seems building the MVP, soliciting lots of feedback, re-iterate, build, etc. is the way to go based on your reply.
Update:
I got my database back from my freelancer and now I just need to import it.
Put v2 post of the App on Upwork and I am ready to hire a Dev. to get it built.
Hey LeoistheSun,
How is it going? I was following your journey from the beginning and now it abruptly stopped. I'm reading this in 2019 and it's been more than a year since your last post.
Have you moved to the inside? I'm not an INSIDERS, so, I wouldn't know.
Have you failed with those opportunities? If so, tell us about it too. Failures, as well as successes, are valuable to learn from too.
I have come to the conclusion of my journey on this idea. Things did not go according to what I had imagined- this being my first go-at-it so to speak, and I was not successful.
While I don't feel good about leaving my clients with this problem without solving it...
I don't think this problem was solvable for a newbie like myself.
I will write more about it tomorrow as I am out of energy.
But letting go of this idea, really was the right thing to do I think.
I learned a lot (what to do and not), made me open to learning more before starting again, and in general made me a happier person- because I know I will be successful next time around!
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