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Seeking Feedback & Support: Launching a Nut Mix Startup to Improve Gut Health
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No_Tax_1155This week

Seeking Feedback & Support: Launching a Nut Mix Startup to Improve Gut Health

This txt is AI summarized but I read it, he just restructured my thoughts accurately. Hey all, I’m Ilia, a Seattle-based entrepreneur working on a product that’s all about making healthy eating easier. I’m creating a premium nut mix with 16+ different nuts (70% organic) aimed at helping people improve their microbiome and overall health. The concept is simple: diverse ingredients lead to better gut health, reduced inflammation, and more energy. No more juggling 20 bags of different foods—my nut mix is a convenient, delicious solution. I’m in the early stages and raising about $7,000 to cover things like regulatory compliance, a commercial kitchen rental, quality ingredients, packaging, and a basic brand presence. I’ve poured my own savings into this and am now turning to the community for support, advice, and maybe even early funding. I made a short (12-min) video walking through the concept, the budget breakdown, and my long-term vision (expanding to seeds, fruit mixes, and maybe even a billion-dollar brand one day!). I’d love your honest feedback, connections, or suggestions. If you’re interested in supporting, even by sharing this post, I really appreciate it. Feel free to ask me anything—transparency is key for me, and I want to build something that genuinely helps people live healthier. https://www.gofundme.com/f/support-my-goal-to-make-healthy-eating-easy-and-convenient

How do you learn details / potential strategy about technically important new laws in the jurisdictions you operate in?
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friendofherschelThis week

How do you learn details / potential strategy about technically important new laws in the jurisdictions you operate in?

I am reading “The Entrepreneur’s Guide to Law and Strategy” and it’s really fantastic so far about giving a pretty great overview of these aspects of business. It was published by Wiley (a reputable textbook publisher) in 2018. In one chapter, the authors go into the EU’s “right to be forgotten” and it got me thinking about complying with laws like that. Unfortunately, the latest edition of the book is still nearly 7 years old and written pre-COVID, pre-genAI, pre-social network and privacy pushback, etc. I assume every time a new law comes out that can impact my business (say, a random privacy law in California) that businesses aren’t just telling their lawyers “use any amount of hours you need to in order to read the San Jose papers every day and then write me a one paragraph brief with an outline and potential changes needed to our business, also all the other papers across the world”. They’d spend a fortune. There has to be something I’m missing. Is there a law review for business that I should be following? I operate in the US only at this time. A more technical newspaper (I take WSJ, but it’s not technical enough for this sort of thing. It might give the “what”, but won’t give a small business owner “what to do with it”)? PS: I’m the type of person who read every word of my mortgage. I am aware the answer might be “don’t worry about it”. But I do worry about it, and am trying to fix that. For example, the insanely popular new lawsuits about website accessibility. I want to avoid things (essentially low hanging lawsuit fruit) like that before they happen to me.

What Problem Holds You Back? (testing a hypothesis about business solutions)
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RogersMathdotcomThis week

What Problem Holds You Back? (testing a hypothesis about business solutions)

I have a hypothesis about solving small business challenges that I'd like to test with real entrepreneurs' perspectives. I believe that the most valuable application of AI isn't in chatbots or SaaS automations, but in enhancing how we solve real-world business problems through better analysis and solution design. Please note that I have no particular product or service to sell or promote, just a hunch to test. The Process: You share your specific business challenge (questions below) I'll use AI to analyze your situation and generate additional solution possibilities you may not have considered You tell me how viable or useful these AI-generated suggestions are for your real-world situation This feedback helps validate whether AI can truly add value to business problem-solving Please share: What ONE problem, bottleneck, or challenge is currently the BIGGEST headache holding back your business? How long has it been an issue? How much do the known alternatives to fix it cost? Which of those alternatives are you leaning towards using and why... or do you have a new or different idea you want to try? Your insights will help validate or disprove whether AI-enhanced problem-solving can genuinely help small business owners tackle their actual challenges. I plan to document this research (likely in a book), whether the results support my hypothesis or not. I'm looking for raw, honest responses - no sugar coating needed. Your real-world experience is what matters here. After I provide AI-generated solutions, please share your honest, subjective feedback about: How practical these suggestions are [0,10] What the AI might be missing about real-world implementation Whether any suggestions offer genuinely new perspectives you hadn't considered Thank you for helping me test this out.

Idea Validation Post: Seeking Feedback on My AI-Driven Quick Launch Application! 🚀
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Awkward_Ad_9605This week

Idea Validation Post: Seeking Feedback on My AI-Driven Quick Launch Application! 🚀

Hey Members! I’m excited to share an idea for a new application I’m planning to build: Quick Launch . This AI-driven platform is designed to assist solopreneurs or anyone with an idea in launching their Minimum Viable Products (MVPs) by taking on the roles of the entire team needed for the process. Goal: Assistance in quickly moving from Idea to MVP Before I dive into the details, I’d love to hear your thoughts and feedback. Key Features: Product Creation: From Idea to Product Detailing AI-Generated Q&A: Real-time questions generation one-at-a-time to define the product requirements based on their knowledge levels to convert an Idea into a Product. Market Research Reports: In-depth analysis that identifies product-market fit, competitive landscape, and potential marketing strategies. Sentiment Analysis: Evaluation of user feedback and reactions across multiple subreddits to gauge public opinion on ideas. Product Development: Product Detailing to Actual Product User Story Generation: Identification and creation of comprehensive user stories, tasks, and sub-tasks to facilitate development. AI Project Management: AI agents assume roles of project managers and UI/UX designers to streamline product detailing and development. Integration Capabilities: Seamless integration with popular project management tools like Jira, Asana, and Trello for better workflow management. Target Audience: Solopreneurs: Individuals looking to bring their business ideas to life without extensive resources. Indie Hackers: Entrepreneurs focused on building small projects or startups with minimal overhead. Idea Validators: Anyone with a concept seeking initial validation and market feedback before committing significant resources. If you’re interested in learning more, check out our teaser website: Quick Launch Discussion Question: What features would you find most valuable in an application like this? Are there specific pain points you face when launching an MVP? Your insights would be incredibly helpful as I refine this idea! Looking forward to your thoughts! 🙌

I’ve Tested All the Image Generation Tools for My Small Business
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astronautlyraThis week

I’ve Tested All the Image Generation Tools for My Small Business

Personally I hate paying for subscriptions unless it was absolutely necessary. Given that I don't have the budget to hire a graphic designer I started playing with all the new Generative AI tools and these are the ones I've narrowed it down to that have made the most impact. I posted this breakdown on r/AIforBusinessFounders but will share it here as well. Hope this compilation helps a fellow entrepreneur. If you’ve been exploring AI tools for generating images, you’ve probably come across big names like DALL·E, Adobe Photoshop, and MidJourney (finally moved off the dreadful Discord prompting thankfully!)  While they each have their strengths, they also have their quirks. Here’s the breakdown: DALL·E by OpenAI Pros: It’s integrated directly into ChatGPT, so if you’re already on a paid plan, you’re good to go—no extra fees. It's also embedded in Canva which is convenient if you’re designing social media posts or quick mockups. Cons: The image quality isn’t amazing. It often looks a bit flat or off, but I think where I struggle is you only get one output per generation, so there’s not much variety. Adobe Photoshop Pros: If you’re already using Photoshop, this is a nice addition. It lets you partially generate images within your edits, which can be handy for things like background replacements. When it comes to generating full images though, I find this tool really struggles. Cons: The image quality still has room for improvement—hands and fingers, in particular, are a consistent issue. Plus, you need an Adobe Creative Cloud subscription to access it. MidJourney Pros: Hands down, this tool produces the best-quality images. You get multiple outputs per prompt, and what really sets it apart is the ability to refine your favorite image. You can subtly tweak or drastically change it, depending on your needs. It previously only operated on Discord but it now has migrated to it's own platform so that's been a huge pro for me. Cons: It’s not cheap—MidJourney requires its own paid membership and comes with limited tokens, so you’ll need to budget your usage. The biggest con for me in the past was that you had to prompt in a Discord channel but now that it has own platform, it's no longer an issue. After putting all three to the test, my personal favorite is MidJourney. If image quality and creative control are your priorities, it’s hard to beat. That said, DALL·E and Adobe are solid options if you’re already using their platforms and want to save money. Are there any hidden gems I might have missed? If so let me know, I'd love to give them a try.

I spent 6 months on building a web product, and got zero users. Here is my story.
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GDbuildsGDThis week

I spent 6 months on building a web product, and got zero users. Here is my story.

Edit Thank you all so much for your time reading my story. Your support, feedback, criticism, and skepticism; all helped me a lot, and I couldn't appreciate it enough \^\_\^ I have stuff to post on Reddit very rarely, but I share how my project is going on, random stuff, and memes on X. Just in case few might want to keep in touch 👀 TL;DR I spent 6 months on a tool that currently has 0 users. Below is what I learned during my journey, sharing because I believe most mistakes are easily avoidable. Do not overestimate your product and assume it will be an exception to fundamental principles. Principles are there for a reason. Always look for validation before you start. Avoid building products with a low money-to-effort ratio/in very competitive fields. Unless you have the means, you probably won't make it. Pick a problem space, pick your target audience, and talk to them before thinking about a solution. Identify and match their pain points. Only then should you think of a solution. If people are not overly excited or willing to pay in advance for a discounted price, it might be a sign to rethink. Sell one and only one feature at a time. Avoid everything else. If people don't pay for that one core feature, no secondary feature will change their mind. Always spend twice as much time marketing as you do building. You will not get users if they don't know it exists. Define success metrics ("1000 users in 3 months" or "$6000 in the account at the end of 6 months") before you start. If you don't meet them, strongly consider quitting the project. If you can't get enough users to keep going, nothing else matters. VALIDATION, VALIDATION, VALIDATION. Success is not random, but most of our first products will not make a success story. Know when to admit failure, and move on. Even if a product of yours doesn't succeed, what you learned during its journey will turn out to be invaluable for your future. My story So, this is the story of a product that I’ve been working on for the last 6 months. As it's the first product I’ve ever built, after watching you all from the sidelines, I have learned a lot, made many mistakes, and did only a few things right. Just sharing what I’ve learned and some insights from my journey so far. I hope that this post will help you avoid the mistakes I made — most of which I consider easily avoidable — while you enjoy reading it, and get to know me a little bit more 🤓. A slow start after many years Summ isn’t the first product I really wanted to build. Lacking enough dev skills to even get started was a huge blocker for so many years. In fact, the first product I would’ve LOVED to build was a smart personal shopping assistant. I had this idea 4 years ago; but with no GPT, no coding skills, no technical co-founder, I didn’t have the means to make it happen. I still do not know if such a tool exists and is good enough. All I wanted was a tool that could make data-based predictions about when to buy stuff (“buy a new toothpaste every three months”) and suggest physical products that I might need or be strongly interested in. AFAIK, Amazon famously still struggles with the second one. Fast-forward a few years, I learned the very basics of HTML, CSS, and Vanilla JS. Still was not there to build a product; but good enough to code my design portfolio from scratch. Yet, I couldn’t imagine myself building a product using Vanilla JS. I really hated it, I really sucked at it. So, back to tutorial hell, and to learn about this framework I just heard about: React.React introduced so many new concepts to me. “Thinking in React” is a phrase we heard a lot, and with quite good reasons. After some time, I was able to build very basic tutorial apps, both in React, and React Native; but I have to say that I really hated coding for mobile. At this point, I was already a fan of productivity apps, and had a concept for a time management assistant app in my design portfolio. So, why not build one? Surely, it must be easy, since every coding tutorial starts with a todo app. ❌ WRONG! Building a basic todo app is easy enough, but building one good enough for a place in the market was a challenge I took and failed. I wasted one month on that until I abandoned the project for good. Even if I continued working on it, as the productivity landscape is overly competitive, I wouldn’t be able to make enough money to cover costs, assuming I make any. Since I was (and still am) in between jobs, I decided to abandon the project. 👉 What I learned: Do not start projects with a low ratio of money to effort and time. Example: Even if I get 500 monthly users, 200 of which are paid users (unrealistically high number), assuming an average subscription fee of $5/m (such apps are quite cheap, mostly due to the high competition), it would make me around $1000 minus any occurring costs. Any founder with a product that has 500 active users should make more. Even if it was relatively successful, due to the high competition, I wouldn’t make any meaningful money. PS: I use Todoist today. Due to local pricing, I pay less than $2/m. There is no way I could beat this competitive pricing, let alone the app itself. But, somehow, with a project that wasn’t even functional — let alone being an MVP — I made my first Wi-Fi money: Someone decided that the domain I preemptively purchased is worth something. By this point, I had already abandoned the project, certainly wasn’t going to renew the domain, was looking for a FT job, and a new project that I could work on. And out of nowhere, someone hands me some free money — who am I not to take it? Of course, I took it. The domain is still unused, no idea why 🤔. Ngl, I still hate the fact that my first Wi-Fi money came from this. A new idea worth pursuing? Fast-forward some weeks now. Around March, I got this crazy idea of building an email productivity tool. We all use emails, yet we all hate them. So, this must be fixed. Everyone uses emails, in fact everyone HAS TO use emails. So, I just needed to build a tool and wait for people to come. This was all, really. After all, the problem space is huge, there is enough room for another product, everyone uses emails, no need for any further validation, right? ❌ WRONG ONCE AGAIN! We all hear from the greatest in the startup landscape that we must validate our ideas with real people, yet at least some of us (guilty here 🥸) think that our product will be hugely successful and prove them to be an exception. Few might, but most are not. I certainly wasn't. 👉 Lesson learned: Always validate your ideas with real people. Ask them how much they’d pay for such a tool (not if they would). Much better if they are willing to pay upfront for a discount, etc. But even this comes later, keep reading. I think the difference between “How much” and “If” is huge for two reasons: (1) By asking them for “How much”, you force them to think in a more realistic setting. (2) You will have a more realistic idea on your profit margins. Based on my competitive analysis, I already had a solution in my mind to improve our email usage standards and email productivity (huge mistake), but I did my best to learn about their problems regarding those without pushing the idea too hard. The idea is this: Generate concise email summaries with suggested actions, combine them into one email, and send it at their preferred times. Save as much as time the AI you end up with allows. After all, everyone loves to save time. So, what kind of validation did I seek for? Talked with only a few people around me about this crazy, internet-breaking idea. The responses I got were, now I see, mediocre; no one got excited about it, just said things along the lines of “Cool idea, OK”. So, any reasonable person in this situation would think “Okay, not might not be working”, right? Well, I did not. I assumed that they were the wrong audience for this product, and there was this magical land of user segments waiting eagerly for my product, yet unknowingly. To this day, I still have not reached this magical place. Perhaps, it didn’t exist in the first place. If I cannot find it, whether it exists or not doesn’t matter. I am certainly searching for it. 👉 What I should have done: Once I decide on a problem space (time management, email productivity, etc.), I should decide on my potential user segments, people who I plan to sell my product to. Then I should go talk to those people, ask them about their pains, then get to the problem-solving/ideation phase only later. ❗️ VALIDATION COMES FROM THE REALITY OUTSIDE. What validation looks like might change from product to product; but what invalidation looks like is more or less the same for every product. Nico Jeannen told me yesterday “validation = money in the account” on Twitter. This is the ultimate form of validation your product could get. If your product doesn’t make any money, then something is invalidated by reality: Your product, you, your idea, who knows? So, at this point, I knew a little bit of Python from spending some time in tutorial hell a few years ago, some HTML/CSS/JS, barely enough React to build a working app. React could work for this project, but I needed easy-to-implement server interactivity. Luckily, around this time, I got to know about this new gen of indie hackers, and learned (but didn’t truly understand) about their approach to indie hacking, and this library called Nextjs. How good Next.js still blows my mind. So, I was back to tutorial hell once again. But, this time, with a promise to myself: This is the last time I would visit tutorial hell. Time to start building this "ground-breaking idea" Learning the fundamentals of Next.js was easier than learning of React unsurprisingly. Yet, the first time I managed to run server actions on Next.js was one of the rarest moments that completely blew my mind. To this day, I reject the idea that it is something else than pure magic under its hood. Did I absolutely need Nextjs for this project though? I do not think so. Did it save me lots of time? Absolutely. Furthermore, learning Nextjs will certainly be quite helpful for other projects that I will be tackling in the future. Already got a few ideas that might be worth pursuing in the head in case I decide to abandon Summ in the future. Fast-forward few weeks again: So, at this stage, I had a barely working MVP-like product. Since the very beginning, I spent every free hour (and more) on this project as speed is essential. But, I am not so sure it was worth it to overwork in retrospect. Yet, I know I couldn’t help myself. Everything is going kinda smooth, so what’s the worst thing that could ever happen? Well, both Apple and Google announced their AIs (Apple Intelligence and Google Gemini, respectively) will have email summarization features for their products. Summarizing singular emails is no big deal, after all there were already so many similar products in the market. I still think that what truly matters is a frictionless user experience, and this is why I built this product in a certain way: You spend less than a few minutes setting up your account, and you get to enjoy your email summaries, without ever visiting its website again. This is still a very cool concept I really like a lot. So, at this point: I had no other idea that could be pursued, already spent too much time on this project. Do I quit or not? This was the question. Of course not. I just have to launch this product as quickly as possible. So, I did something right, a quite rare occurrence I might say: Re-planned my product, dropped everything secondary to the core feature immediately (save time on reading emails), tried launching it asap. 👉 Insight: Sell only one core feature at one time. Drop anything secondary to this core feature. Well, my primary occupation is product design. So one would expect that a product I build must have stellar design. I considered any considerable time spent on design at this stage would be simply wasted. I still think this is both true and wrong: True, because if your product’s core benefits suck, no one will care about your design. False, because if your design looks amateurish, no one will trust you and your product. So, I always targeted an average level design with it and the way this tool works made it quite easy as I had to design only 2 primary pages: Landing page and user portal (which has only settings and analytics pages). However, even though I knew spending time on design was not worth much of my time, I got a bit “greedy”: In fact, I redesigned those pages three times, and still ended up with a so-so design that I am not proud of. 👉 What I would do differently: Unless absolutely necessary, only one iteration per stage as long as it works. This, in my mind, applies to everything. If your product’s A feature works, then no need to rewrite it from scratch for any reason, or even refactor it. When your product becomes a success, and you absolutely need that part of your codebase to be written, do so, but only then. Ready to launch, now is th etime for some marketing, right? By July 26, I already had a “launchable” product that barely works (I marked this date on a Notion docs, this is how I know). Yet, I had spent almost no time on marketing, sales, whatever. After all, “You build and they will come”. Did I know that I needed marketing? Of course I did, but knowingly didn’t. Why, you might ask. Well, from my perspective, it had to be a dev-heavy product; meaning that you spend most of your time on developing it, mostly coding skills. But, this is simply wrong. As a rule of thumb, as noted by one of the greatests, Marc Louvion, you should spend at least twice of the building time on marketing. ❗️ Time spent on building \* 2 people don’t know your product > they don’t use your product > you don’t get users > you don’t make money Easy as that. Following the same reasoning, a slightly different approach to planning a project is possible. Determine an approximate time to complete the project with a high level project plan. Let’s say 6 months. By the reasoning above, 2 months should go into building, and 4 into marketing. If you need 4 months for building instead of 2, then you need 8 months of marketing, which makes the time to complete the project 12 months. If you don’t have that much time, then quit the project. When does a project count as completed? Well, in reality, never. But, I think we have to define success conditions even before we start for indie projects and startups; so we know when to quit when they are not met. A success condition could look like “Make $6000 in 12 months” or “Have 3000 users in 6 months”. It all depends on the project. But, once you set it, it should be set in stone: You don’t change it unless absolutely necessary. I suspect there are few principles that make a solopreneur successful; and knowing when to quit and when to continue is definitely one of them. Marc Louvion is famously known for his success, but he got there after failing so many projects. To my knowledge, the same applies to Nico Jeannen, Pieter Levels, or almost everyone as well. ❗️ Determining when to continue even before you start will definitely help in the long run. A half-aed launch Time-leap again. Around mid August, I “soft launched” my product. By soft launch, I mean lazy marketing. Just tweeting about it, posting it on free directories. Did I get any traffic? Surely I did. Did I get any users? Nope. Only after this time, it hit me: “Either something is wrong with me, or with this product” Marketing might be a much bigger factor for a project’s success after all. Even though I get some traffic, not convincing enough for people to sign up even for a free trial. The product was still perfect in my eyes at the time (well, still is ^(\_),) so the right people are not finding my product, I thought. Then, a question that I should have been asking at the very first place, one that could prevent all these, comes to my mind: “How do even people search for such tools?” If we are to consider this whole journey of me and my so-far-failed product to be an already destined failure, one metric suffices to show why. Search volume: 30. Even if people have such a pain point, they are not looking for email summaries. So, almost no organic traffic coming from Google. But, as a person who did zero marketing on this or any product, who has zero marketing knowledge, who doesn’t have an audience on social media, there is not much I could do. Finally, it was time to give up. Or not… In my eyes, the most important element that makes a founder (solo or not) successful (this, I am not by any means) is to solve problems. ❗️ So, the problem was this: “People are not finding my product by organic search” How do I make sure I get some organic traffic and gets more visibility? Learn digital marketing and SEO as much as I can within very limited time. Thankfully, without spending much time, I came across Neil Patel's YT channel, and as I said many times, it is an absolute gold mine. I learned a lot, especially about the fundamentals, and surely it will be fruitful; but there is no magic trick that could make people visit your website. SEO certainly helps, but only when people are looking for your keywords. However, it is truly a magical solution to get in touch with REAL people that are in your user segments: 👉 Understand your pains, understand their problems, help them to solve them via building products. I did not do this so far, have to admit. But, in case you would like to have a chat about your email usage, and email productivity, just get in touch; I’d be delighted to hear about them. Getting ready for a ProductHunt launch The date was Sept 1. And I unlocked an impossible achievement: Running out of Supabase’s free plan’s Egres limit while having zero users. I was already considering moving out of their Cloud server and managing a Supabase CLI service on my Hetzner VPS for some time; but never ever suspected that I would have to do this quickly. The cheapest plan Supabase offers is $25/month; yet, at that point, I am in between jobs for such a long time, basically broke, and could barely afford that price. One or two months could be okay, but why pay for it if I will eventually move out of their Cloud service? So, instead of paying $25, I spent two days migrating out of Supabase Cloud. Worth my time? Definitely not. But, when you are broke, you gotta do stupid things. This was the first time that I felt lucky to have zero users: I have no idea how I would manage this migration if I had any. I think this is one of the core tenets of an indie hacker: Controlling their own environment. I can’t remember whose quote this is, but I suspect it was Naval: Entrepreneurs have an almost pathological need to control their own fate. They will take any suffering if they can be in charge of their destiny, and not have it in somebody else’s hands. What’s truly scary is, at least in my case, we make people around us suffer at the expense of our attempting to control our own fates. I know this period has been quite hard on my wife as well, as I neglected her quite a bit, but sadly, I know that this will happen again. It is something that I can barely help with. Still, so sorry. After working the last two weeks on a ProductHunt Launch, I finally launched it this Tuesday. Zero ranking, zero new users, but 36 kind people upvoted my product, and many commented and provided invaluable feedback. I couldn't be more grateful for each one of them 🙏. Considering all these, what lies in the future of Summ though? I have no idea, to be honest. On one hand, I have zero users, have no job, no income. So, I need a way to make money asap. On the other hand, the whole idea of it revolves around one core premise (not an assumption) that I am not so willing to share; and I couldn’t have more trust in it. This might not be the best iteration of it, however I certainly believe that email usage is one of the best problem spaces one could work on. 👉 But, one thing is for certain: I need to get in touch with people, and talk with them about this product I built so far. In fact, this is the only item on my agenda. Nothing else will save my brainchild <3. Below are some other insights and notes that I got during my journey; as they do not 100% fit into this story, I think it is more suitable to list them here. I hope you enjoyed reading this. Give Summ a try, it comes with a generous free trial, no credit card required. Some additional notes and insights: Project planning is one of the most underestimated skills for solopreneurs. It saves you enormous time, and helps you to keep your focus up. Building B2C products beats building B2B products. Businesses are very willing to pay big bucks if your product helps them. On the other hand, spending a few hours per user who would pay $5/m probably is not worth your time. It doesn’t matter how brilliant your product is if no one uses it. If you cannot sell a product in a certain category/niche (or do not know how to sell it), it might be a good idea not to start a project in it. Going after new ideas and ventures is quite risky, especially if you don’t know how to market it. On the other hand, an already established category means that there is already demand. Whether this demand is sufficient or not is another issue. As long as there is enough demand for your product to fit in, any category/niche is good. Some might be better, some might be worse. Unless you are going hardcore B2B, you will need people to find your product by means of organic search. Always conduct thorough keyword research as soon as possible.

What to look for in the Best PDF Invoice Parser?
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Finley_dzThis week

What to look for in the Best PDF Invoice Parser?

I've been thinking about starting using PDF Invoice Parser, so these are some key features to look out for in a PDF invoice parser I've learned about these days on Affinda. Machine Learning - There are invoice parsers available that use machine learning algorithms to learn from their mistakes, resulting in them being able to parse many data sources and become more accurate over time. Optical Character Recognition - An OCR invoice parser is one that uses optical character recognition to take images lacking text data and turn them into digital files. Natural Language Processing - This results in more efficient and effective invoice processing that seeks to understand the text and sort invoice fields correctly. Artificial Intelligence - Many parsers struggle to adapt and fail to complete information extraction from nonstandard invoice formats. That’s why you need a parser that leverages document AI to analyze the template and extract structured data no matter what invoice layout is used. Different Types Analysed - For example, you might receive a mailed invoice or Word document. You need a parser that can analyze and get extracted data from any format of the supplier invoice. So, is this enough information and benefits for me to choose this product? I guess so, I've even heard great stuff about it, but I would love to share all of this with you and maybe some of you already had any experience to share with all of us. Have a nice day, guys!

Here’s How Chatbots Can Boost Your Small Business
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smanwerThis week

Here’s How Chatbots Can Boost Your Small Business

Chatbots are the next big thing in the tech world that are meant for business use. Almost every business can benefit from chatbots in one way or the other. They are now everywhere – the fastest rising star are basically computer-operated machines that can play a variety of roles such as customer service representative, social media manager, personal assistant and much more. Virtually every industry is seemingly investing in it. Chatbots became the flavor of the season because of their task management and problem solving skills. This is why companies are aggressively deploying chatbots to their business strategy to make it work right. What are Chatbots – How They Can Benefit Your Small Business? In essence, chatbots are simply a computer program tailor-made to mimic conversations with the help of artificial intelligence (AI). These computer-based programs are capable enough to respond to natural language text and voice inputs in a human way. Chatbots can take over a lot of time consuming tasks, allowing project managers to focus on other important matters and take high level decisions. Chatbots are not just the next big thing for digital and tech brands, small businesses can also get the most out from them. Small businesses should get into chatbots to streamline their routine project management practices and support other business operations – thereby saving budget, time, energy, while improving ROI. If you are not completely getting into it, here are some ways that help you deploy this rising technology in order to boost your small business strategy. Instant Customer Support One of the effective ways small businesses can implement a chatbot is an immediate customer support. If you belong to an industry that offers products and services, chances are you get so many phone calls and emails to educate people. Prior to allowing customers to clog up your inbox with unlimited queries, try using a chatbot that will save your valuable time. You can simply create an immediate customer support presence for customers who engage with your chatbot. Craft answers for all the popular queries so that your project management team can focus on other complex and important issues while chatbots addressing the most commonly asked questions. Moreover, it will add a consistency to your brand voice. You can control the tone and ensure that the chatbot will deliver your crafted messages. Boost Sales Leads Generation Chatbots are not just about sharing or collecting information. They can actually boost sales. But, how? Though they can’t replace your sales and marketing team, they can smartly assist them by being an immediate point of contact. Create an automated conversation for a new visitor and it can directly influence sales. Though chatbots are rising, they will ultimately carry on artificial intelligence that is capable for gathering the data required to curate a specific set of products for customers. For instance, if a user asks the chatbot for blue shirt in cotton, the chatbot can pull items with the particular details for the user. This process is cumulative and when next time the user communicates with the chatbot, it will consider their preferences. Increase Your Business Efficiency Though chatbots can’t perform every business operation, what they can do is eliminate few of the menial but important operations. Consider all the important tasks that your employees need to perform, such as answering customer queries, compiling data for a user, filling out form etc. Most of these tasks are monotonous in nature that allows you to train your chatbot to manage all these repetitive tasks with a low risk and high return of your valuable time. Reducing Cost and Resource Consumption Like any online task management system , chatbots are great to reduce manpower. From performing as a personal assistant to a customer sales representative, you can easily cut down the total number of resources that deal with customer complaints and feedback. You can utilize a chatbot, as it can do this work easily a human would usually do. Read Full article here

80+ Social Media Updates Related to Business Marketing That Occurred in last 5 months
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lazymentorsThis week

80+ Social Media Updates Related to Business Marketing That Occurred in last 5 months

Tiktok expanded its caption limits from 100 to 500 Characters. Reddit Updates Search tools, Now you can search User Comments. “Comment search is here”. Pinterest Announces New Partnership with WooCommerce to Expand Product Listings. Google’s launched ‘multisearch’ feature that lets you search using text and image at the same time. Etsy sellers went on strike after platform increases transaction fees. Reddit launched $1 million fund to support various projects going on platform. Instagram is updating its ranking algorithm to put more focus on Original Content LinkedIn Added New tools In creator mode: improved content analytics and Updates profile video Options. Tiktok launched its own gif library “Effect House”. Instagram Updates Reels editing tools adding reordering clips feature. Google Search got a new label to direct people to original news sources YouTube launches new Profile Rings for Stories and Live. Snapchat launched YouTube Link stickers to make video sharing easier! Messenger adds new shortcuts, including a slack like @everyone feature. Pinterest Expands it’s Creator funds program to help more Underrepresented creators. Reddit brings back r/place after 5 years. Google Adds New Seller Performance Badges, New Pricing Insights for eCommerce Brands. Meta and Google agrees to New Data Transfer agreement to keep Instagram and Facebook running in EU. Twitter tests New Interactive Ad types to boost its promotional Appeal. Instagram removed In-stream Ads from its Advertising Options. Tiktok launched new program “CAP” to help creative agencies reach its audience. Twitch shuts down its desktop app. Meta launched the ability to add “share to Reels” feature to third Party Apps. TikTok Adds New ‘Background Player’ Option for Live-Streams. Twitter rolls out ALT badge and improved image description. Fast, A Checkout Startup with $15 billion valuation shuts down after spending all the funds raised in 2021. Wordpress announced new pricing with more traffic and storage limits after receiving backlash from the community. Sales force upgrades marketing field services and sales tools with AI. Dropbox shop launches in open beta to allow creators to sell digital content. Tiktok is the most downloaded app in Quarter 1 of 2022. WhatsApp announced launch of ‘Communities’ - more structured group chats with admin controls. Tiktok expands testing a private dislike button for comments. Twitter acquired “Openback” A notification app to improve timeline and relevance of push notifications YouTube and Tiktok added New options for Automated Captions, Improving Accessibility. A new social media App “Be Real” is trending across the internet grabbing Gen-Zs attention to try the app. WhatsApp got permission to expand payment services to its Indian user base of 100 Million. YouTube Shorts now allows creators to splice in long-form videos. You can use long form video audios and clips for YT shorts. New Snapchat feature ‘Dynamic Stories’ uses a publisher’s RSS feed to automatically create Stories posts. Zoom launches AI-powered features aimed at sales teams. Tiktok started testing who viewed your profile feature. Ogilvy Announced they will no longer work with who edit their bodies and faces for ads. If you don’t know “Oglivy” is the most successful advertising agency of the decade. YouTube Launches New ‘Search Insights’ for all creators. Snapchat Added 13 million new users in Q1 2022 more than both Twitter and Facebook. Google is Introduced new options to reject tracking cookies in Europe after receiving fines from violating EU data laws. Sony & Microsoft are planning to integrate Ads into their gaming platforms Xbox and PlayStation. YouTube Adds new Shorts Shelf to Trending Tab to show Top Shorts in an alternative section. Instagram started testing a reels template feature which enables creators to copy formats from other reels. Google Tests “What People Are Saying” Search Results. Twitter Launches New Test of Promotions for Third Party Tools Within the App. Instagram is changing how hashtags work by experimenting removing Recents tab from hashtags section. Google Adds New Publisher Verification Badges to Extension Listings in the Google Web Store Amazon AWS launches $30M accelerator program aimed at minority founders. Meta launched more fundraising options for Instagram Reels in 30 countries. Brave Search and DuckDuckGo will no longer support Google AMP due to privacy issues. Instagram is working on a pinned post feature and will officially launch in next few months. Meta: You can now add Music to your Facebook comments Twitter tests new closed caption button to switch on captions in Video Clip Elon Musk Bought Twitter $44 Billion and Company is set to go private. Google now lets you request the removal of personal contact information from search results YouTube reveals that Ads between YT Shorts are being tested with selective brands. LinkedInis rolling out a new website link feature. Google Reduces Visibility Of Business Edits With Color Changes To Profile Updates. Instagram expands testing of 90 second Reels. Microsoft Advertising now offers incentive features like cash-back and adding stock images from your website. Facebook & Pinterest are growing again despite all the hype around slow growth of both platform in last quarter. Google Added 9 new Ad policies to prevent misleading ads taking place. Tiktok Introduces Third-party cookies to its Pixel. (like Facebook Pixel) Twitter reportedly overcounted number of daily active users for last 3 years. Google launched Media CDN to compete on content delivery. YouTube expands Thank You Monetisation tool to all eligible creators. Twitch is looking to expand their cut from streamers earnings from 30 to 50% and also thinks of boosting Ads. Snapchat launches a $230 flying drone camera and new e-commerce integrations in Snap Summit 2022. YouTube Expands its ‘Pre-Publish Checks’ Tool to the Mobile App Google Search Console’s URL parameter tool is officially removed for a time period. Twitter creators can now get paid through Cryptocurrency on Twitter with Stripe. Jellysmack- One of the Influencer marketing agency acquires YouTube analytics tool Google & Microsoft Ads brought more revenue in last quarter- 22% Gains! WhatsApp is working on a paid subscription for multi-phone and tablet chatting. Instagram users now spend 20% of their time in the reels section. Google tests new Color for clicked search results by you. Now Clicked results are in Purple. Twitter: Elon plans to remove employees and focus more on influencers for twitter’s growth + new monetisation ideas were shared. YouTube revenue falls as more users spend time on shorts tab than consuming long form content. Drop 👋 to receive June Updates!

The Evolution of Financial Technology: How CAs Are Embracing the Digital Age
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ExpenectThis week

The Evolution of Financial Technology: How CAs Are Embracing the Digital Age

The Evolution of Financial Technology: How CAs Are Embracing the Digital Age Introduction In an era characterized by rapid technological advancements, the field of finance is undergoing a transformative journey. The emergence of financial technology, or fintech, is reshaping the way businesses manage their finances, and Chartered Accountants (CAs) are at the forefront of this evolution. In this blog post, we'll explore how CAs are embracing fintech and leveraging its potential to enhance financial management, analysis, and advisory services. Fintech's Impact on Financial Services Fintech encompasses a wide range of technologies that leverage data analytics, artificial intelligence, blockchain, and automation to improve financial services. For CAs, this means new tools to streamline processes, enhance decision-making, and offer innovative solutions to clients. Automation of Routine Tasks CAs are increasingly using automation tools to handle repetitive tasks such as data entry, reconciliations, and transaction processing. This not only reduces the risk of human error but also frees up CAs to focus on higher-value tasks like strategic planning and analysis. Advanced Data Analytics Data analytics tools enable CAs to extract meaningful insights from large volumes of financial data. These insights can help businesses identify trends, anticipate risks, and make informed decisions to drive growth. Real-Time Financial Reporting Fintech enables CAs to provide clients with real-time financial reporting, giving businesses immediate access to critical information. This enhances transparency and empowers business owners to respond quickly to changing market conditions. Enhancing Audit Efficiency Fintech tools are revolutionizing the audit process. CAs can use AI-powered algorithms to analyze vast amounts of data, detect anomalies, and identify potential instances of fraud more efficiently. Personalized Financial Planning CAs can leverage fintech to offer personalized financial planning services. With access to detailed financial data, CAs can create tailored strategies that align with a client's unique goals and circumstances. Strengthening Cybersecurity As businesses become more reliant on digital tools, cybersecurity becomes paramount. CAs are playing a critical role in advising clients on cybersecurity measures to protect sensitive financial information. Virtual CFO Services Fintech enables CAs to offer virtual CFO services to startups and small businesses. Through digital platforms, CAs can provide expert financial advice and guidance remotely, making their expertise accessible to a wider range of clients. Embracing Blockchain Technology Blockchain's potential for secure and transparent record-keeping is of interest to CAs. They can explore applications in supply chain finance, smart contracts, and even audit trail verification. Continuous Learning in Fintech CAs recognize the importance of staying updated with fintech trends. Many are investing in continuous learning to master the use of new tools and technologies that can optimize their services. Conclusion The integration of fintech into the realm of finance is reshaping the landscape in profound ways. CAs are embracing these technologies to elevate their roles from traditional number-crunchers to strategic advisors, equipped with tools that enhance efficiency, accuracy, and insight. As fintech continues to evolve, CAs will remain pivotal in guiding businesses through the ever-changing financial landscape, leveraging technology to drive growth, innovation, and success. Find the top verified CA in your City Feel free to let me know if you'd like more blogs on different topics or if you have specific requirements for the content.

Share Your Expertise: AI, Automation, and Efficient Organizational Tools, Strategies and Routines!
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ferreiracarcaraThis week

Share Your Expertise: AI, Automation, and Efficient Organizational Tools, Strategies and Routines!

Hello everyone, As we navigate through the advancements in AI and automation, it's clear that these technologies are reshaping the way we approach work and business management. To stay ahead, sharing our collective knowledge on these subjects is crucial. I'm inviting this community to share insights and experiences with AI tools, automation strategies, and especially, innovative organizational approaches you've found effective. From automating mundane tasks to optimizing digital marketing strategies, every piece of wisdom is valuable. Here’s what we’re specifically interested in: Automated Workflows: What are your strategies for creating automated workflows that enhance productivity and efficiency? Visual Organization: How do you utilize mind maps and other visual tools to organize thoughts and projects efficiently? Canvas Maps: Have you implemented CANVAS Maps in customer interaction, ideation, strategy development, or action planning? How has it improved your processes? AI in Marketing: How has AI helped you optimize your digital marketing strategies and data analysis? What tools or methodologies have you found most effective? This thread aims to be a resource for all of us to learn from each other's successes and innovations. Whether it’s a simple tip or a comprehensive strategy, your input can significantly impact someone’s approach to challenges. What groundbreaking AI solutions, automation hacks, or organizational methods have you discovered that made a noticeable difference in your work or business? Share your stories and let’s empower each other to achieve greater efficiency and success. Thank you for contributing to our shared journey toward innovation and improvement!

The Advantages of a Custom CRM Solution
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NeerajKumarChaurasiaThis week

The Advantages of a Custom CRM Solution

The growth in the global CRM market continues to accelerate. According to techspective, the global CRM market is now worth \~ $40B USD and is expected to surpass $80B USD by 2025. Despite this phenomenal growth, the CRM market is still dominated by off-the-shelf solutions that are “cookie-cutter” in design and that provide little to no options for customization. These non-customized CRM solutions can significantly inhibit an enterprise’s ability to maximize the advantages of CRM adoption and to realize a robust ROI. As a result, companies are increasingly opting for digital CRM solutions that are customized to meet the unique needs of the enterprise. What is driving the increased demand for custom CRM solutions? What are some of the inherent advantages of a custom CRM solution when compared to a typical off-the-shelf product? Off-the-Shelf CRM Solutions – the Limitations Static CRM solutions are inflexible and self-limiting. Enterprises saddled with these cookie-cutter solutions increasingly report a consistent listing of issues that limit business growth.  These include…. A lack of real-time visibility into shifting customer trends and demands Delayed reaction to coordination of internal resources to meet changing business conditions Lost business opportunities due to lack of flexible, and real-time, opportunity lifecycle management Reporting and dashboarding capabilities that are slow, static, and disconnected Poor quote-to-cash performance that degrades financial performance A CRM investment that delivers poor ROI and that cannot grow with the enterprise All of the above can combine to limit the enterprise’s ability to fully capitalize on its hard-won business opportunities and, over time, limit its ability to create new opportunities. A Customized CRM – What is it? What is a “customized CRM”? Simply put, it is a holistic CRM solution that has been specifically tailored for the individual enterprise. The provider of a truly customized CRM solution will deliver a solution that has been designed to meet the specific—and unique—demands and objectives of the enterprise. A tailored CRM solution will address the enterprise’s sales and operational requirements as well as its customer experience objectives. Unlike standard off-the-shelf CRM providers, a provider of enterprise-grade custom CRM solutions will employ a comprehensive project discovery and requirements gathering process. This is an integral process that provides the foundation for the development of a custom solution that will provide the enterprise with long term flexibility and scalability. A customized digital CRM solution can provide distinct competitive advantages; including: Dynamic, Flexible, Powerful, Real-Time Management and Engagement A customized, technology\-fueled, CRM solution provides the enterprise with the means with which to dynamically engage with customers in ways that build customer loyalty, generate market growth, and drive strong financial performance. Distinct advantages include: Real-time sales opportunity tracking. Helps eliminate lost opportunities due to slow or inadequate reaction. Customized, AI and IoT-fueled, data analytics. A customized CRM solution can be designed to deliver real-time insights. Allows the enterprise to anticipate, and then satisfy, the needs of the customer. Customizable Dashboards and Reports. Widget-based, customized, dashboards and reports that provide real-time data and actionable insights. Sales process automation. Intelligent Workflow-based automation and control of critical sales processes. Increases overall operational efficiency. Outstanding ROI. A custom CRM solution typically delivers superior ROI when compared to off-the-shelf CRM products. Enterprises today spend considerable time, money, and effort in the development of customer relationships. For many enterprises, the continued use of CRM solutions that are rigid and outdated can prove to be impediments to business growth. When considering investment in a new CRM solution any enterprise will be well served by full consideration of a CRM solution that can be fully customized to meet its long-range requirements.

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