Tony Dinh - Nov 2022 updates: learning new skills
Nov 2022 updates: learning new skillsIndie updates, B2B vs B2C, Black Friday, surfing, skimboarding, hardware.Hello everyone! Tony here 😄 Here’s a quick update about me in November 2022. On the business side…In November, I added two new features and improvements to Black Magic. I also started to roll out a new “milestone” feature in Black Magic, here it is: I’m hoping this new feature will create some more social viral loops to make more people aware of Black Magic. This is how I imagine the long term way to acquire new users (instead of paid ads, marketing posts, etc.) Despite all that, I had a slow month. MRR growth was always below the 10% month-to-month growth target. Around 25th November, the Black Friday promotion helped increase the growth quite significantly. However, at the same time, a huge big account churn event starts taking effect, which drops my MRR growth below target even further 😅 The big account was a business account. I shared how and why they churned in my tweet in September: In a parallel universe, Black Magic is a VC-funded startup working on a multi-social analytics solution for brands in the B2B market.
But I decided to leave that problem for someone else.
A business customer will churn next month 🥲 It took a few months (from September to November!) for the business to completely offboard Black Magic. B2B or B2C?Ever since the business customer left, I have wondered whether I should (or can) turn Black Magic into a B2B multi-social media analytics platform. On the one hand, I have the advantage of doing it: Black Magic has a lot of users, so I imagine I have a good starting point to do marketing for the B2B product. I also have exposure to the problem and experience building an analytics product at a small scale. On the other hand, I find working on B2B products boring. I like to build consumer products and have people as my end users, not companies. All of my products so far are B2C products. I use all of my products almost every day. It’s the way I stay relevant, become attached to, and love my products. That’s how I can continue working on it without feeling like a job. I’m not sure if I can do that with a B2B product. It’s like I’m losing my best competitive advantage if I make the B2B → B2C switch. But yes, B2B makes a lot of money! So, I should probably go B2B if I optimize my life for money. But I’m not, at least at the moment. I’m only about one year into this indie journey, and I’m having so much fun. I’m enjoying my freedom and spending time learning so many new things (which I’ll share in a later part of this page). Maybe I’ll switch to B2B at some point in the future, but not now. Black FridayAs shared in my last year’s November issue, if you have a consumer product, you must offer a deal on Black Friday! It’s an easy way to:
Last year, I made ~$20K from all my products on Black Friday. This year, I made ~$50K across all products! Things I did to prepare for Black Friday: For DevUtils and Xnapper, it’s quite simple because they are one-time purchase products. I just created a coupon code on Paddle (my payment processor), and created a sticky banner on the website. For Black Magic, I had to make a lot of changes:
As a result of changing prices quite a lot in the past year and this discount, my pricing page is now a big mess 😅 On the promotion day (25th November), I made an announcement in the product update newsletters for all three products and tweeted about it. I kept the promotion run from 25th November until 30th November (2 days after Cyber Monday). Ngoc – the content marketer freelancer I’m working with – made this poster. Looks great, right? Oh, I almost forget. This year, I also started a GitHub repo to collect all the Black Friday / Cyber Monday deals. It went trending on GitHub with 1,600 stars now! Learning new thingsWater sports I’ve been spending a lot of time on the beach lately! 🏄♂️ I’m currently learning surfing and skimboarding. Surfing is fun, but you can’t surf every day because the waves are not always good. So I discovered skimboarding, took a quick in-person lesson from a pro, and have been training on the beach every day. This sport looks easy but is incredibly extreme and exhausting (at least for me 😅). It’s like doing a leg day in the gym, but do it every day, except it’s fun. Playing with hardware Another thing I picked up recently is playing with hardware. I’ve always been curious about hardware, robot, and IoT. But I have never had the time to play with it. Last month, I hired a mentor to help me learn about hardware, IoT, electrical, etc. I found him via an old friend’s introduction. Within a month or so, I learned a lot, and I learned so fast. I have always been a self-learner for almost everything. So having a mentor is a totally different experience. I got to ask stupid questions without feeling bad. I learned about electrical stuff like voltage, ampere, batteries, solar panel, etc. I’m not confident that I understood all things he explained, but I’m confident enough to put together some toys I want to play with. For example, here’s a little screen that connect to my wifi and shows the live number of users of Black Magic and run on a battery This is a solar battery chargar that I’m playing with (I’m trying to build a low power solar-powered toy camera). I was introduced to so many cool stuff: Raspberry Pi, Arduino, micro controllers like ESP32, ESP8266, ATTiny AVR chips, etc. I bought every single sensors I could get my hands on from a local hardware store. And before I know it, my house is now full of trash 😂 I even bought a 3D printer. Here’s a 3D printed Twitter logo and the “like button”: Later in the month, I also hired a professional 3D artist (from Upwork) to teach me how to use Blender to build 3D model of stuff I want to design. Overall, it’s fun! I don’t have any plan to build a physical product. This is all just playing with toys 😂 I’ve spent a good chunk of this month on this, and find some of this are quite interesting. So I thought I would share this with you all in this newsletter issue. How I work with my mentor: I guess some of you may be interested in knowing this, so here it is:
I highly recommend paying a mentor if you can afford it. This is my preferred way to learn new thing now! Hope this is helpful to you 😄 That’s all for this month!I feel like I should split this long newsletter issue into multiple shorter posts like a blog, but that would requires me to write multiple times a month (which can be difficult because I’m lazy…). For now, let’s stick with 1 issue per month, I find that to be the perfect balance for now 😄 Thank you for subscribing to my newsletter and see you all next month! Cheers! - Tony You're currently a free subscriber to Tony Dinh's Newsletter. For the full experience, upgrade your subscription. |
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It's the exciting time of the year!
Saturday, November 26, 2022
This is not the monthly update, just a quick announcement 😄
Oct 2022 updates: I will write a book!
Friday, November 4, 2022
Also in October: Speak at JOM Launch Asia 2022, and the thing about Elon Musk.
Sep 2022: I'm on Indie Hackers Podcast!
Tuesday, October 4, 2022
Also in September: $12K MRR, built a small new app, SEO, and other updates...
Aug 2022: One year since I quit my job
Wednesday, September 7, 2022
Reached $10K MRR, launched Xnapper (#1 of the week), went on Indie Hackers podcast (😱), and other updates in Aug 2022...
My new product on Product Hunt today
Tuesday, August 23, 2022
Not the usual monthly update, just a small update about Xnapper - my latest product
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