Competition became so tough, that it became almost impossible to gain profitable growth from FB and Google if you don't have a big pile of cash as funding.
Please change my mind.
I believe in constantly trying different things, and I don't want to kill any ideas. The above statement became so solid that I am extremely biased towards paid advertising on Google and Facebook. Sometimes I knowingly burn a bit just to not accept my bias :) sometimes I do it just to not override a young team member's motivated ideas.
P.S.: I can only be convinced by real stories by real makers. Not generic expertise and/or widely accepted opinions. Please share facts if you disagree with this, what was your product, what did you do that made it successful, do you think you had creative genius, do you think you had great targeting etc... and please no stories from the old days, I think this is the case for the last 3-5 years.
2 years ago, we built our app. targeted Country A, there were some specific constraints in the market, and we couldn't sell for 3 months (just one client).
We found a channel partner in Country B, conducted 20 demos in 3 days. 5 of them said they would ABSOLUTELY buy it today. Perhaps 5-6 maybes, I am not even sure.
We told them we need just 2 weeks to adapt the software to Country B's requirements.
We went back in 2 weeks, 3 of them ghosted us. 1 postponed kindly, 1 bought the software.
Things change when buyers actually need to reach to their wallets.
Validation doesn't give False Negative. If they say "I don't need it", then yes, it works. However it gives a lot of False Positive. I get irritated to see compared to how many people defend it so heartfully, how many actually did it and became successful without any pivoting.
Please. Validate. Your. SaaS. Properly.
SaaS