I think that’s true. And don’t know specifics of Docsketch. But in general I’ve seen founders have a higher success rate in small markets than large. Most of the time, when you niche well and understand your audience, you realize they shouldn’t be in that ‘big’ market at all...
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W odpowiedzi do @louisnicholls_
Can you give me some examples? Happy to be proven wrong. I have a bunch of examples here:https://justinjackson.ca/niche
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W odpowiedzi do @mijustin
Sure - two products I worked on for example (gymhopper and postperk). Small niche markets.
@sehurlburt ‘s binomial is probably a smaller market too...2 odpowiedzi 0 podanych dalej 0 polubionych -
W odpowiedzi do @louisnicholls_
Are we talking about "small markets" or "smaller niches within larger markets?" I'm not opposed to targeting a small niche initially within a larger market. My point is that if your total addressable market is only 10,000 worldwide, that's going to be difficult to bootstrap in.pic.twitter.com/PyX9XUDila
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W odpowiedzi do @mijustin
Either or. I get your point and understand why you think that. I just don’t think it’s true (in general, for a majority of bootstrappers. I am v. happy to believe that you have a skill set/background/mindset which makes it true in your case)
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W odpowiedzi do @louisnicholls_
How big do you think the total addressable market is for Gymhopper and Postperk?
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W odpowiedzi do @mijustin
This is where we disagree over what TAM actually means
600 for Gymhopper, slightly more ~1000 for postperk iirc
You’d probably say the 600 isn’t a market, but a niche in a larger market. I’d disagree :)1 odpowiedź 0 podanych dalej 0 polubionych -
W odpowiedzi do @louisnicholls_
Total Available Market if fairly well defined: “the total market demand for a product or service.” Are you talking about the Serviceable Obtainable Market? That’s the portion of the available market that you can (realistically) capture.pic.twitter.com/df6Y9etgtc
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(That’s from this article: https://www.thebusinessplanshop.com/blog/en/entry/tam_sam_som …)
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