going_to_800
Joined 12 years ago
Joined 12 years ago
Find a popular product, pick a growing niche that product serves not so well (you can see that in reviews, twitter, etc) and build a specialized version of that product with a friendly and modern UI. When serving different niches, usually products require different configurations for each and get quite heavy and confusing. You can fix that by specializing on one niche.
There's luck involved of course, but after 10 failed tries you'll get an eye for it. Just an example: there are sub-markets that don't have specialized products, they all use products built for everyone instead that specific niche, like instead of a CRM for everyone niche it down as CRM for mechanics (i'm sure there are many of them, but you get the idea).
When the panic selling starts is game over.
The limited supply logic has meaning if people hold, if they don't, nobody will care it's limited in supply because there's no demand for it.
Free plans are usually bad if you're a small B2B startup trying your way...even more so if you're bootstrapped.
I also see that people disagreeing with this tactic are talking more about how they like it to be, not how it's best for the business.