<story><title>How to Come Up with Profitable Business Ideas</title><url>https://www.indiehackers.com/round-table/how-to-come-up-with-profitable-online-business-ideas</url></story><parent_chain><item><author>MattRogish</author><text>For a B2B SaaS company, the easiest&amp;#x2F;most likely[1] algorithm to succeed[2]:&lt;p&gt;1) Be embedded in the industry for a while&lt;p&gt;2) Make lots of connections, build credibility&lt;p&gt;3) Build SaaS app to solve key pain point you experienced in #1&lt;p&gt;4) Sell to the folks you know from #2&lt;p&gt;5) For bonus points&amp;#x2F;de-risking: find 25 potential customers (from #2) and reach out to them and validate this idea (Jobs-to-be-Done). Get a handful of them to commit, even verbally, to buy this when you&amp;#x27;ve got an MVP built.&lt;p&gt;[1] Clearly this is not the &lt;i&gt;only&lt;/i&gt; way to be successful, but &amp;quot;I have a random idea lemme build it&amp;quot; is a great way to be not successful&lt;p&gt;[2] Succeed = your business that makes enough revenue to support you and a reasonable lifestyle, equating (and&amp;#x2F;or eventually surpassing) what you would typically make at a W2 gig, from a diversity of customers and not trading your personal time for money.</text></item></parent_chain><comment><author>ggg9990</author><text>This is exactly the recipe I used and sold a company for $10m. Also, I am a absolutely terrible programmer and v1 of the product, with which this recipe was executed, was full of copy pasted code, unhashed passwords, all of the hallmarks of terrible programming. I got to $100,000 revenue before a friend of mine joined who actually knew how to program and rewrote the whole thing (literally zero lines of my original code were preserved).</text></comment>
<story><title>How to Come Up with Profitable Business Ideas</title><url>https://www.indiehackers.com/round-table/how-to-come-up-with-profitable-online-business-ideas</url></story><parent_chain><item><author>MattRogish</author><text>For a B2B SaaS company, the easiest&amp;#x2F;most likely[1] algorithm to succeed[2]:&lt;p&gt;1) Be embedded in the industry for a while&lt;p&gt;2) Make lots of connections, build credibility&lt;p&gt;3) Build SaaS app to solve key pain point you experienced in #1&lt;p&gt;4) Sell to the folks you know from #2&lt;p&gt;5) For bonus points&amp;#x2F;de-risking: find 25 potential customers (from #2) and reach out to them and validate this idea (Jobs-to-be-Done). Get a handful of them to commit, even verbally, to buy this when you&amp;#x27;ve got an MVP built.&lt;p&gt;[1] Clearly this is not the &lt;i&gt;only&lt;/i&gt; way to be successful, but &amp;quot;I have a random idea lemme build it&amp;quot; is a great way to be not successful&lt;p&gt;[2] Succeed = your business that makes enough revenue to support you and a reasonable lifestyle, equating (and&amp;#x2F;or eventually surpassing) what you would typically make at a W2 gig, from a diversity of customers and not trading your personal time for money.</text></item></parent_chain><comment><author>thelastidiot</author><text>&amp;quot; but &amp;quot;I have a random idea lemme build it&amp;quot; is a great way to be not successful&amp;quot;&lt;p&gt;I should print this and frame it in my home office. You rock!</text></comment>