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010: Selling Your Byproducts | Nathaniel Talbott

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Content provided by Ryan Crispin Heneise. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ryan Crispin Heneise or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Takeaways:

  • Sell Your Byproducts: Sometimes you have to operate a particular business for a while to recognize that a hole that exists in the market. If you're watching for it, you may realize that the hole is more valuable than the business you're actually operating.
  • Don't be afraid of a big pivot. Spreedly started out as a subscription management service, similar to Stripe. Several years into it, they realized that what customers really wanted was a way to store credit cards in a PCI-compliant payment vault. They eventually decided to sell the subscription product, which had until then been their bread and butter.
  • What are your customers telling you? Your customers are talking to you; listen to what they have to say. It's tempting, especially for startup founders, to double down on what we perceive is the problem that needs to be solved. Instead, open up to the idea that you may be wrong, or that there may be something that you haven't thought of yet.

Full shownotes:

Links mentioned in this episode:

--- Send in a voice message: https://podcasters.spotify.com/pod/show/thelongcut-fm/message
  continue reading

12 episoade

Artwork
iconDistribuie
 
Manage episode 216769852 series 2434635
Content provided by Ryan Crispin Heneise. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ryan Crispin Heneise or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Takeaways:

  • Sell Your Byproducts: Sometimes you have to operate a particular business for a while to recognize that a hole that exists in the market. If you're watching for it, you may realize that the hole is more valuable than the business you're actually operating.
  • Don't be afraid of a big pivot. Spreedly started out as a subscription management service, similar to Stripe. Several years into it, they realized that what customers really wanted was a way to store credit cards in a PCI-compliant payment vault. They eventually decided to sell the subscription product, which had until then been their bread and butter.
  • What are your customers telling you? Your customers are talking to you; listen to what they have to say. It's tempting, especially for startup founders, to double down on what we perceive is the problem that needs to be solved. Instead, open up to the idea that you may be wrong, or that there may be something that you haven't thought of yet.

Full shownotes:

Links mentioned in this episode:

--- Send in a voice message: https://podcasters.spotify.com/pod/show/thelongcut-fm/message
  continue reading

12 episoade

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