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The Startup Ideas Podcast

How to become a solopreneur (3 $1M+ startup ideas)

Wed, 11 Sep 2024

Description

I’m joined by Marc Lou, a serial entrepreneur and indie hacker legend, as we explore innovative startup ideas, and his frameworks for content marketing, gamification, and pricing1) Sell Digital Products• Create courses/ebooks on what you know• Focus on life-changing hacks (e.g. better sleep)• Use gamma.app for slick lead magnetsPro tip: Share your personal journey, not just advice2) Document your journey publicly:• Share what you're working on (Twitter, YouTube, etc.)• Creates initial traction & builds audience• Find your authentic voice over timeKey: Use "I" statements, not "you should" when starting out3) Smart pricing strategies:• Always use a paywall• Don't undervalue your work• Research competitor prices• Test one-time vs. subscription models"When it's cheap, people will undervalue the product." - Mark 4) Harness the power of gamification:• Inspired by Pokemon Sleep's $100M success• Apply to habits: sleep, diet, workouts• Use leaderboards, points, rewards5) Gamify GitHub commits for devs!• Combine Github commits with credit card point system• Create leaderboards and scorecards for commits• Leverage word of mouth and social for growth6) Stripe Atlas alternative for indie hackers • Legal setup & tax optimization• Simplify global business setup• Explore international business structures• Premium support services"It's the #1 question I receive on every YouTube video." - Mark on legal advice!Want more free ideas? I collect the best ideas from the pod and give them to you for free in a database. Most of them cost $0 to start (my fav)Get access: https://www.gregisenberg.com/30startupideas 🎯 To build your own portfolio businesses powered by community you might enjoy my membership.You'll get my full course with all my secrets on building businesses, peer-groups to keep you accountable, business ideas every single month and more!Spots are limited.https://www.communityempire.co/📬 Join my free newsletter to get weekly startup insights for free:https://www.gregisenberg.com/70,000+ people are already subscribed.To improve your rankings your business on Google and using AI for SEO, sign up tohttp://boringmarketing.com/FIND ME ON SOCIALX/Twitter: https://twitter.com/gregisenbergInstagram: https://instagram.com/gregisenberg/LinkedIn: https://www.linkedin.com/in/gisenberg/FIND MARC ON SOCIALX/Twitter: https://x.com/marc_louvionYoutube: https://www.youtube.com/@marc-louMarc Lou: https://marclou.comEpisode Timestamps:0:00 Intro03:26 Startup Idea 1: Sell Digital Products10:32 Framework for Content Marketing16:21 Framework for Pricing Products24:07 Framework for Gamifying Apps/Life30:37 Startup Idea 2: Gamify GitHub commits for devs!33:07 Startup Idea 3: Stripe Atlas alternative for indie hackers

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Full Episode

00:00 - 00:16 Marc Lou

Getting started with something simple is the best way to get more ideas, to build a tiny audience, to get feedback, to learn. There's just so many things that just roll after that. Having a course, a book, I think it's the easiest way to get started. And so, yeah, that's the entire point is to start with something simple.

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00:17 - 00:33 Marc Lou

There's this sense as a business owner that if you charge a subscription, then you will get monthly recurring revenue. So you get $10 in January, you're going to get $10 in December, and it's going to keep going like this. But What I do is I tend to remove any subscription and I really ask myself, do I need that subscriptions?

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00:33 - 00:37 Marc Lou

A friend of mine is telling me, if you have a recurring payment, you should provide recurring value.

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00:38 - 01:23 Greg Isenberg

You need to build that idea because that idea is so smart. I'll build that with you. I need a notepad right here. That's a successful Startup Ideas podcast and you have to pull out your notepad and you're like, okay, let me just take a note on that. All right. I am so excited to have you, Mark, on the show, on the Startup Ideas podcast.

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00:00 - 00:00 Greg Isenberg

On my Mount Rushmore of indie hackers, I've got Peter Levels, I've got Danny Postma, and I definitely have Mark Liu. So I finally got you to come on. I agree to come on the pod. You're here and welcome.

00:00 - 00:00 Marc Lou

Man, thank you so much. Big fan of the pod. I've watched a lot of episodes and I'm happy to be finally in here.

00:00 - 00:00 Greg Isenberg

You're here, man. You're here. And you came prepared too, which I love. So you've got a list of a bunch of ideas. And I take your ideas very seriously because you've been able to build a pretty big audience on YouTube. You've made money. in revenue, millions of dollars at this point. So which one of these ideas do you want to start with? Because they're all pretty interesting.

00:00 - 00:00 Marc Lou

Just before we get started, I got lots of ideas. Lots of them are terrible, but I try all of them and eventually some of them ended up working. So whatever I prepared, some of them might not be the best, but it crossed my mind and I think it's worth exploring.

00:00 - 00:00 Greg Isenberg

Yeah, and it's funny because sometimes the bad ideas end up being the good ideas.

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