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Dru Riley

I'm Dru Riley, I've spent 4,000+ hours researching business models and marketing strategies. AMA 👇

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Trends.vc
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I’m the founder of http://Trends.vc. A newsletter and community helping founders discover new ideas and markets. Ask me anything about nomading, masterminds, habits or community building. I'll be answering all questions on Wednesday, the 3rd of August 🙌
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Felix Peña
Hi Dru, which business models are the most capital efficient that you come across? It would be interesting to spice up the question up with "from the past 2 years", "the present", and "the next 2-3 years". Thanks
Dru Riley
@kaisen2350 Network effects are hard to beat. So marketplaces and social networks. This would withstand the past 2 years constraint and the next two years constraint. Even if we're looking at NFT projects in 3 years. They still employ network effects. The question becomes more interesting if we ask the same question for business models that are easy to bootstrap.
Sefa Sarıkaya
Hello Dru, Thanks for the AMA. What was your most important daily task while you are reaching the first 1000 subscribers to your newsletter?
Dru Riley
@sefasarikaya Meditation. See my reply to @stewartfortier If you want a growth-specific task, it was building in public on Twitter.
Sefa Sarıkaya
@dru_riley I appreciate your answer. I will definitely try to do uncomfortable things every day.
JP
What is your best advice in growing users for a consumer focused product organically?
Dru Riley
@dynamo It will vary a lot depending on the product and who you're serving. Need more information before I can share strategies/tactics.
Aaron O'Leary
Hey Dru! Thanks for doing this! My question is how you manage a community as big as Trends as effectively as you do!
Dru Riley
@aaronoleary We are extremely thoughtful about the number of channels we have and "design" of the community. @stewartfortier was a big inspiration here. Since rituals have the same "rules" each time. It makes things easier. We've done standups for 600+ days. The system has been honed.
Sergei Petrov
Hi Dru Riley, Thanks for opening this thread. 😀 We are making a product, a plug-in for Jira, which is currently in beta testing, but is progressing slowly so far. In addition to this, in parallel, we decided to pre-launch a new product (related to the previous one but more ambitious) and try to sell it before the initial launch 🚀. https://www.producthunt.com/disc... Have you had experience with such a launch? Please advise what we are doing right and what we need to improve? Looking forward to your advice.
Dru Riley
@sergeipetrov Everything I've learned about Product Hunt launches went into this post: https://www.indiehackers.com/pro... One thing that wasn't included: If you're aiming for Product of the Month, launch earlier in the month. It's obvious but easy to miss.
Sergei Petrov
@dru_riley Thank you for your response and for what you are doing. A really interesting format and your interest in interacting with the community is obvious. Keep it up!
Debi Barik
Hey Dru, great initiative. My question for you is when it comes to engagement with content over social handles what key points 🎯 do you consider?
Dru Riley
@debi_barik When I was more active on social media, I paid a lot of attention to retweets. I spend more time thinking about email these days. And click rate means a lot.
Debi Barik
@dru_riley Thank you for the tips.
Ayena Umar
Hey Dru, just joined Trends.vc! The web looks amazing. Also, interested in One-Person Businesses right now. What's your idea first comes in your mind about One-Person Businesses?
Dru Riley
@ayena_umar Thanks for joining Ayena. Leverage (no-code, social media, etc) seems like a big reason why one-person businesses are more common than ever. So leverage is the first thing that comes to mind.
Ayena Umar
@dru_riley thanks!
Ремонт стиральных машин в Алматы
Hey, Dru! Thanks for the AMA. <3
Dru Riley
@almaty 👊
Ayman Alrifai
Is there a category name for websites whose core value in it is content? like Trends.vc, resource curating websites, tips & tricks, design checklists .. etc
Dru Riley
@ayman_alrifai1 You can look for media businesses. "The business of content" podcast features founders of these businesses.
Kunal Mamtura
What is go to resource for research like …what kind of blog or site to ref for data and how do you solve the problem of data authenticity
Dru Riley
@kunversation What do you mean by data authenticity?
Kunal Mamtura
@dru_riley authenticity = correctness of data. like size of market, or current transaction volume done in this market
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