167: Find Business Ideas on Social Media
The Bootstrapped Founder
11/25/22
•17m
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In my conversation with Daniel Vassallo this week, I learned that Daniel uses social media —Twitter in particular— to find inspiration for his own work as a teacher and content creator. Intentionally doomscrolling Twitter to come up with writing prompts and business ideas? Why not!
If we consider this a strategic effort, not just wasting our time on social media, let's develop a few frameworks that lead to more tangible results.
Today, I want to talk about finding ideas, problems, and points of tension that hint at practical business opportunities on social media.
- Find Business Ideas on Social Media
- Find your Following, my Twitter course — now with Find your Following Essentials, the 7-day Twitter crash course
- Zero to Sold & The Embedded Entrepreneur, my books on entrepreneurship
This episode is sponsored by MicroAcquire.
Previous Episode
166: Daniel Vassallo — Building a Portfolio of Small Bets
November 23, 2022
•61m
Today, I am talking to Daniel Vassallo, writer, founder, and person with very strong opinions. He is building a portfolio of small bets in public, on Twitter. I will talk to him about the importance of making money in diversified ways, how to structure your life around being a founder, and how to figure out which business ideas might actually work.
Here is Daniel Vassallo.
What is the lifetime value of a subscription business? 1:12
Different kinds of software fit different pricing models. 5:04
What is a portfolio of small bets? 9:30
Business is unpredictable. You need to radically reduce the input. 13:48
What common things do you share with other entrepreneurs? 17:46
Don’t try to be too novel. 21:31
What’s a good approach to spreading out your experiments? 26:14
What is the best price for your business? 40:08
How Pieter Levels’ portfolio has changed over time. 45:58
How you can use social media to get new ideas. 51:26
Sometimes it’s something seemingly unrelated that opens your eyes to a new way of doing things. 55:01
Links:
- Daniel's Revenue/Days on Market graph.
This episode is sponsored by MicroAcquire.
Here's the blog post for this episode.
You can also watch this episode as a video on YouTube.
Next Episode
168: Jakob Greenfeld — Writing Your Way to Clarity
November 30, 2022
•58m
Today, I am talking to Jakob Greenfeld. I’ve been reading Jakobs blog posts for years now, and they’re as spicy as they’re thoughtful. There’s not a single post on there that feels unfinished. That’s quite impressive. Well, I think we’ll figure out why that is during our conversation. We’ll also chat about how to unlock critical thinking by writing and what it means to give yourself permission to do things your way.
Here’s Jakob Greenfeld.
This episode is sponsored by MicroAcquire.
Here's the blog post for this episode.
You can also watch this episode as a video on YouTube.
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