When I send cold emails to companies I usually check their revenue from LinkedIn or tool I’m using.
Every so often, I'm like how tf can this have $100M ARR it’s just a tool to organize your MacBook.
But longer I think about this, more I realize u don’t need complex product to make money.
Simple products can make absurdly big profit if you have:
- Distribution. Appear in front of people before anyone else does
- A boring, painful problem people happily pay to make go away
Dead simple pricing, so the yes is easy
- Marketing that never stopped
Meanwhile devs spend 2 years building something technically impressive and end up with 40 users.
The best product doesn't win. The best distribution does.
That’s really wrong and that’s also how corruption starts. I believe they should get paid or get some benefits to have motivation to go on. Even those trillion dollar companies get benefits - they cut cost of hiring. If you don’t get benefit from what you r doing, in long term everything will go wrong. I agree you may not necessarily profit monetarily from hackathon but you should get something out of it when you put soo much effort and time into it.
I also didn’t liked that much fee, but there is lots of small expanses that can add up, like server hosting for tens of thousands of people, maybe they need to hire ppl for different tasks like helping in evaluating, also they need to get paid for creating this opportunity for others. So there will be lots of expenses but as you see they made it free so assumption of investment = commitment was true.
Sooooo reeeall. I had a case when I was begging a brand to pay to a creator at the point that creator accepted the reality that she got scammed. They paid her but I don’t think she will partner with them again. They lost creator who got one of the best results on the content she posted.
@ednevsky@CabotTCroll UGC - user generated content - you can do it without paying from users that genuinely liked your product. Or you can pay them per sale but still you should have incredible product.
@masterzorgon Fffrrr soo many people in influencer marketing are just middleman between brands and influencers, zero marketing knowledge. But it also has other side that sometimes brands won’t trust small agency’s views on their marketing strategy.
I would try to do ai ugc with meta ads. Or if u wanna get actual results i would run influencer marketing campaign with 2-4 niched and 2 mid size not really niche influencers (depends on business type) and run meta ads on the content they did (also depends if it’s long form or short).
@cem_hasoglu Yeah, yapping is soo easy, but actually making money is 10x harder. No one will pay you 2k for a shitty service. You need an actual high-demand skill and real sales knowledge. Even getting replies to cold emails is harder than you make it appear to be.