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Having multiple facilities accredited with certifications from the best authorities from globe is a hidden moat in itself... 10-20% pop and then retracement should not shake confidence... Business focus and longevity should build conviction— Harinder S Nanda (@harindersnanda) July 14, 2021
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How did you get your first customers for WIP? How did you grow BetaList’s traffic? Etc.
Makers are looking to reverse-engineer success. I see it everywhere.
I don’t think it works that way and the answers to those questions are mostly useless. 💥
I have built dozens of different products over the last couple of years. The vast majority failed. 😭
Surely if I know the answers to these questions, but still fail over and over again, these answers aren’t that useful. 🤷♀️
So what’s a better question to ask? 🤔
99.9% of the questions I receive are about the products that did well. In a way that makes sense, because we quickly forget about those that didn’t succeed.
🧠 This is known as survivorship bias.
Focusing on what survived, while ignoring what made it survive in the first place.
The real question, what you really want to know, is this:
What makes @WIP, @BetaList, and to some extent @AllStartupJobs succeed where my countless other attempts failed?
What separates a failed product 👎 from a successful product 👍?
Honestly, I don’t know. I wish I did.
It’s like Steve Jobs said “I’ll know it when I see it.” 👀
Same is true when we make products. We don’t know upfront what will work. But once we see an inkling of a product that does have potential, it’s not that hard to spot.
"Intraday Banknifty Strangle based on OI data"
(System already shared, today just share few examples)
-Trade timing after 9:45
-Check Banknifty change in OI data at 9:45, and identify the highest OI built up in call side and put side
-We will sell both strikes with combined premium as SL on both legs.
28th June 2021
At 9:45 trading at 35350
Highest OI in call side at 35500 CE and 35000 at put side
Strike selection 35500 CE- 35000 PE
29th June 2021
At 9:45 trading at 35112
Highest OI in call side at 35300 CE and 35000 at put side
Strike selection 35300 CE (232) - 35000 PE (150) Combined premium 382 , Both legs SL 382
30th June 2021
At 9:45 trading at 35002
Highest OI in call side at 35000 CE and 35000 at put side
Strike selection 35000 CE(176)- 35000 PE(213) Combined premium 389 , Both legs SL 389
"I need to get better at marketing."
But, it's more likely that you have a product problem:
"Do customers really want this? Do they care enough about this to switch to a new solution?"
☝️ this is why most of my book, @marketingdevs, is about:
1. Choosing the right market
2. Building something they want
"If your product is remarkable, getting noticed is a lot easier." – @peldi
I was reminded of this concept again this morning while reading @pjrvs' book (Company of One):
"Sales increase when you honestly evaluate what someone needs and then teach them the value of what you're selling."
To succeed, your product has to offer an outcome that is highly desirable to a large group of customers.
The number of sales your product receives is a multiple of these two variables:
1. How big is the target market?
2. How desirable is the outcome you're offering them?
(Thread👇) Tell us if you can relate to any of these? Do you have your own values that guide your decisions? Share them with us! ⛳
0. Coder != engineer
Coders focus just on writing code to make something work. Engineers take a much wider view, focusing on both the problem and every aspect of the solution. 🤓
1. “Import lib”
It's not wise to waste time building tools or libraries if there’s already something that does the same job! Wherever possible, extend existing libraries and contribute back to the community. 💁♀️
2. With great power comes greater responsibility
Every choice we make on our platform and every feature we build stands up to a responsibility — helping people make more data-driven decisions and bring about real change for millions of people. 💪
3. Fail fast and keep learning
Failing fast is about doing lots of fast iterations and learning from each, rather than getting stuck on one solution or decision. 👊
1) During the past year, most of the anger at Facebook has been directed at Mark Zuckerberg. The question now is whether Sheryl Sandberg, the executive charged with solving Facebook’s hardest problems, has caused a few too many of her own. 2/ https://t.co/DTsc3g0hQf
2) One of the juiciest sentences in @nytimes’ piece involves a research group called Definers Public Affairs, which Facebook hired to look into the funding of the company’s opposition. What other tech company was paying Definers to smear Apple? 3/ https://t.co/DTsc3g0hQf
3) The leadership of the Democratic Party has, generally, supported Facebook over the years. But as public opinion turns against the company, prominent Democrats have started to turn, too. What will that relationship look like now? 4/
4) According to the @nytimes, Facebook worked to paint its critics as anti-Semitic, while simultaneously working to spread the idea that George Soros was supporting its critics—a classic tactic of anti-Semitic conspiracy theorists. What exactly were they trying to do there? 5/