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Hey, everyone! We, the Indie Hackers SPB Community, organized a one-week Bootcamp: in our free time, we built a product from scratch and launched it on Product Hunt. We got the badge and over . Now, I want to share our experience. At the end of this article, I will share our , that we found extremely helpful for the launch preparation :) #3 Product of the Day 30 installs of our app in the Slack Workspaces Notion checklist The Final Result: We’ve created an to get faster approvals on documents, time offs, expenses, and more. App for Slack We made it to the on Product Hunt. #3 Product of the Day Our app received and in the workspaces. 600 site visits 30 installs Here is how we made it: Day 0, Start: Several people responded to the Bootcamp idea in the community chat, and only 4 made it to the first call. Later, we got one more teammate, so there were 5 of us. We discussed the goals, format, and limitations of the Bootcamp. The main goal was gaining the experience — to go through the entire process from idea to launch. The limitation was the speed of implementation. I also wanted to get organic traffic from the marketplace. Therefore, we decided to make an App for Slack. Day 1, Brainstorming: We choose the following tools: Telegram — for quick communication, Notion — for knowledge accumulation. We agreed to document our ideas independently and to put each idea into a table with fields: Title Target audience Problem Audience volume (scale from 0 to 10) Complexity of implementation (scale from 0 to 10) Competitors Contacts of potential users Day 2, Idea Prioritization: We came up with more than 15 ideas. We prioritized them in terms of ease of implementation and audience size. We voted and chose two: a Slack App for invoices generation and a Slack app for conducting team polls on team mood. Day 3, Customer Development: We found 3 potential and interviewed 3 potential users for each idea to validate the need. We discovered a more defined need than just generating invoices. Respondents noted that generating an invoice itself is not as difficult as getting the approval on the discount or extra documents. We decided to validate this in a follow-up survey. Invoices: T There is interest in the topic among HR and C-level managers, but, in most cases, such surveys carried out quite rarely (once every half a year — a year), which became a red flag for us, as it threatened to get a low retention rate in the short run. eam Mood Analysis: Day 4, Findings Validation: We prepared a survey to validate our findings and shared it with the large communities of Founders and Sales / Operations Experts: RevGenius, Indie Hackers, et.c. As a result, we received 12 answers and confirmation of the problem of approvals: it turned out that it takes the most time to get approvals on documents from lawyers (up to several days). Also, difficulties arise with the approvals of time-offs and expenses. Since there is a risk of being left without an answer to the approval request, respondents quite often had to spend time writing follow-ups to their managers. Day 5, Analytics: Based on the survey results, we concluded that the most significant problem that we can solve on this Bootcamp is to cut the waiting time on the approval requests. We chose Paddle to process the subscription payments. We did a competitive analysis, found only two relevant solutions in the Slack App Directory. One is tailored solely for the expenses coordination (ControlHub), and the second one — for the document approvals (Coment). Coment even launched on PH but did not make it to the top, and it is limited to only document approvals within a channel. That seemed inconvenient and not covering the most common use case — writing a direct message asking for approval. So we decided to focus on the approvals of text and documents with a specified teammate. Day 6, Development: For the first time, we got together offline in a cafe. On the development side, we created a linear workflow for the app and worked on the connection of the app to the external workspaces. We bought a domain and made the first version of the landing page on (thanks to Alexander Isora for this amazing platform and the support of our initiative). http://unicornplatform.com/ We designed the logo and illustrations for the site. We have started working on materials required for moderation in the Slack App Directory. Next, we prepared all text materials for publication on Product Hunt. Last but not least, we started the registration process on Paddle. Day 7, The Finish Line: It was supposed to be the final day of preparation. We planned to launch on the 8th day. We decided to give all new users a 30-day free trial (a standard practice for such apps). During this period, we could finalize the product and add the payment processing so that users can pay for access from the card. We added the analytics (GA + HotJar) to the landing page. While we were testing the app, several bugs came out, and we decided to visualize the use cases to simplify the testing process of the core functionality. We used Figma for this task. Due to the instability of the app, we decided to postpone the launch until we fix all critical bugs of the MVP. The next 3 days… …we spent testing, fixing bugs, and finalizing the materials for publication (edited the text and prepared screenshots) The Final Product: Our app lets teams to cut the waiting time and to eliminate lost approval requests. With APPROVEIT TODAY, office and remote team members can: Ask specified teammates to approve quotes, docs, time-off requests, expenses, and more in Slack. Be sure that nothing will be missed out thanks to automatic followups Get instant notification when your request got approved or rejected with comments View the history of all your requests without a time-wasting search in the Email and DMs Managers can: Accept or reject incoming approval requests in one click right from Slack Never forget about the request with automatic reminders Easily track your approval decisions without a time-wasting search trough DMs and Emai Day 11, The Launch: The launch happened spontaneously: we didn’t want any more delay, as in that case, that might turn into a second job, which was not the purpose of the Bootcamp. Instead of the recommended 12 a.m. PST, we launched at 6 a.m. We hunted our product, although there was an option to get hunted by a guy with a large number of subscribers — this could give a significant boost at the start, but we did not have time to arrange that in advance. In the first hour, we received around 30 votes, mostly from friends. Our product was in the Newest section, but it did not appear in the Popular section on the homepage. At this point, we were a little nervous since we already have more upvotes than half of the launched projects and was supposed to be on the main page. We contacted the support but never received a response. It’s worth noting that the average response time displayed is one day, so it’s better not to rely on prompt assistance right after the launch :) Suddenly — our project appeared on the main page — immediately on the 4th place. We asked to support us on a few Telegram and Facebook groups and Slack channels. It helped — in 4 hours after the launch, we got to 3rd place, getting close to the first hundred upvotes. Before we appeared on the main page, most upvotes came from the people from chats. Now, there were many more active PH users. Also, there were many new comments with questions and suggestions. We hit 100 upvotes and was confidently moving to 150. For a few minutes, we even were in 2nd place. Having received a well-deserved badge, we decided to take a short break and, after that, to look at the final results and to make a retrospective. We also had to make an important decision — whether we want to continue our work on the product? A few hours later we ended up being #3 Product of the Day. Final thoughts: It was an amazing experience! We made a from scratch that became #3 Product of the Day and got our first 30 users, including well-known companies. product I think if we spent more time preparing for the launch, the result could have been even better. But the main goal of the Bootcamp was to gain experience in a very tight timeframe, and I think we did a great job. As promised, I’m giving a link to the , which we used while we were preparing for the launch. If you also dare to make and launch the product in a week, you can take advantage of our template — I hope it will save you time. Notion template we created We decided to keep going, and now we are working on improving our app: getting feedback, refining the UX, and working out new use cases. If your team uses Slack and you have to manage approvals with your colleagues from time to time, we’d love to hear from you. Our app is already running, and you can add it to your team’s workspece . We are always open to discussion and ready to help here in the comments, on , or by . here Telegram Email Also published at https://medium.com/approveit-today/how-we-made-a-product-from-scratch-in-11-days-that-became-3-product-of-the-day-on-product-hunt-318f1c3570f5

How We Made a Slack App in 11 Days 

The State of Dapp Development — Blockchain Summer 2018

I came late to the crypto space. Technically i got really involved mid 2017 but i tried to immerse myself deep in that space. I have gathered enough information to understand why Crypto is here to stay. I am very bullish on the long term trend and how decentralization will impact our every day digital and maybe non digital life. But i have also made observations that truly worry me in the short term. They stick with me like a shadow that does not leave you in the Sun. They could all have significant impact in the short term life of the crypto innovation cycle. It is hard to say to which extent. So after here are the factors that worry me (And heads up, this post is *not* about “ ”). my exercise of anticipating what could happen in 2018 bubbles 1. Mass Superstition There is a difference between believing in the future of something and being informed. Blindly buying into crypto (or dismissing it) is dangerous. The problem is that in the past months a huge fresh influx of people, usually misinformed, came to the crypto world. Some will call that greed, or speculation or simple a sheep-follow-sheep mania. I actually do see that as a positive and necessary part of the education process. The problem is that when the majority of people owning crypto are not well informed enough, they won’t have the bullet proof jacket that is necessary to cope with “bad news” when they occur. This could, out of laziness, cause a panic movement that could accelerate an irreversible hard crash (i am not talking about the typical 30/40% correction). 2. The role of (ignorant) mainstream media The business of media is to generate page views and sell ads. The flashier the headlines, the better. And mainstream media rarely covers news accurately. If you understand any topic well, and read in most newspapers how this same topic is covered, you’ll know what i am talking about. The impact mainstream media has on rallying a crowd or dismissing an industry is still enormous. The fundamental issue i see that by way of amplification through social networks, the information provided to make wise decisions is rarely there. Add to that the Fake news factor: how many coins and tokens have already been affected by fake hoax or news provided in the networks. I am truly worried we’re in majority exposed to information that is not good enough to sail in the seas of that industry. If there is one clear bubble right now, it’s the media bubble. Social networks and App stores have to play a major role in building the trust layer that is necessary. Detecting early bad news, bad players, scams and more is going to be become critical. But are they equipped to do it? 3. Token owners / Token users ratio I will say this, even if that makes a lot of entrepreneurs not happy: but the majority of people buying into ICOs do not care about your precious token, your mission or your protocols. They care about making a quick 10/100x. No one buys your token because they plan to use it. I doubt that those who bought Kin tokens are Kin users, or Zrx tokens owners plan to use them. Some may believe in your mission, but the is in the low digits after your ICO is done. “hodl factor” We have billions of dollars invested in an asset class where the alignement between is not straight. And the reason is obvious: most of those token are not usable or even available yet. Their only value in on an exchange order book. the token issuer (your startup), the token buyers (traders) and the token users What happens when your company fails to deliver, or is no longer the darling of the investment community? it will crash. Keeping a crowd of investors, motivated by high returns is going to be a tough challenge this year, especially if you don’t deliver. 4. Crypto Entrepreneurs Safety Earlier this year, Vitalik Butterin visited Israel along with other personas of the industry. It was stunning to me to see how, those people who carry so much responsibility on their shoulders, walk free of worries. We live in a world where bad things happen. Where a few people have a high “perceived” impact on this new economy even though everything is decentralized. I wish no one any harm but i would worry about their safety as a priority because this could have serious “perceived” impact. If you doubt this impact, when a fake news on its founder got spread. Recently . see what happened to the rate of ETH there was a kidnapping happened in Ukraine Without going so far, even the risk of being threatened if your crypto does not behave well is not something you want to live with. I may understand from that angle why someone like Charlie Lee, the founder of Litecoin preferred to sell all his coins and not be constantly mob-lynched on twitter or other networks I also believe that everyone with a wallet in his pocket holding lots of “virtual money”, no matter how secure, can also be at risks. If your fiat wallet gets stolen, the loss is limited (call your Bank? visa?). But with crytpos.. you can lose a lot more…And wallets do not address this risk. 5. Government War They will probably fail at “killing cryptos” but i do believe a major war lead by some governments feeling they could/lose control will hit crypto services, companies and the ICO value chain. It actually . Hyper regulation could be one of the risks, outlawing some activities or making examples out of some companies. This will have a major impact on the health of the industry now focused on addressing this war instead of innovating. I do believe though this is a vain effort: governments have more to earn than to lose with crypto currencies started All the eyes are pointed to China and Korea where a huge part of the crypto economy is happening. China could take over or even ban the bitcoin mining activity, which would not be a good thing. Korea could shut down crypto exchanges which would have a very bad impact. Those risks are real 6. Organized Pump and Dump rings One would be naive to believe the price of all coins and tokens is traded fairly. There is out there groups of investors to artificially manipulate the price of some crypto assets. colluding I am not sure exactly how automated this is to date but this is not good and all exchanges warn users against those practices that are really hard to detect and the bigger the industry the higher the reward (with relatively low risks…) 7. Tax castration The governments may not like the raise of crypto but they do like the idea of additional influx of revenus by taxing you. And crypto will not be an exception. I hope our dear governments are not going to make this overly complicated because this could have an impact on how people are willing to take risks and adopt those new currencies. One thing that will make things a lot easier: the possibility to pay tax directly in crypto money. But if you have to report every single transaction, including the coffee you buy with you crypto visa card: good luck with that! I am for taxing gains, but the rules and mechanics to report have to be simple enough. 8. Open vs Centralized Chains The internal fights that we witnessed this year on Bitcoin is an example. Overall debate and difference of opinions is a good thing. It forces improvements. But when the governance of those involved in the development of an open source protocol is not working out well, it could mean its death. And if open can’t win, i anticipate that closed protocols may take over. But what would be the point then? Censorship-resistance and decentralization can work only with an open movement. There is no point in having high scale, high volume of transactions if the environment is closed or centralized. We’re back to ground zero. I hope the developer community can overcome internal fight and not kill the soul of what gave birth to the blockchain movement. 9. Mining concentration power It is becoming harder to mine cryptos. Harder and more expensive. Big companies like Bitmain and Bitfurry has leveraged that wave and a lot of the mining activity is no longer a side hobby but a true business activity lead by a few groups in the world. So yeah, you can argue Blockchains are decentralized but the mining activity seems to be. This is worrying because that could lead to extreme situations where the . Some say the raise of BCH vs Bitcoin has been possible because the mining power was concentrated, something that would have been very hard a few years ago. New coins and assets emerge and new blockchains with new mining protocols too. I would expect to see some Darwinism happening within each protocol and between protocols to clear that issue. mining power is aimed at generating 51% attacks Thou shall not fear I don’t mean to scare the readers here and i could have come with a more positive post for the 1st day of the year. But this is important to be aware of the risks when you invest in this particular space. Be bullish but highly pragmatic too. There is a price to be part of that industry, and it’s not the amount of money you’re going to pour in it. Navigating the space is incredibly hard. On-boarding this industry takes patience and extreme curiosity. There is no quick win. This is the price to pay.

Cryptos in 2018: Things i worry about

Headset Reality Wars: Meta @ $1B Quarterly VR Revenue & Apple Vision Pro Sells 200k Units in 10 Days

হেডসেট রিয়ালিটি ওয়ারস: মেটা @ $1B ত্রৈমাসিক VR আয় এবং Apple Vision Pro 10 দিনে 200k ইউনিট বিক্রি করে

Headset Reality Wars: Meta erzielt vierteljährlichen VR-Umsatz von 1 Milliarde US-Dollar und Apple Vision Pro verkauft 200.000 Einheiten in 10 Tagen

Headphone Reality Wars: Meta con ingresos trimestrales de realidad virtual de 1.000 millones de dólares y Apple Vision Pro vende 200.000 unidades en 10 días

Headphone Reality Wars : Meta @ 1 milliard de dollars de revenus VR trimestriels et Apple Vision Pro vend 200 000 unités en 10 jours

हेडसेट रियलिटी वॉर्स: मेटा @ $1बी त्रैमासिक वीआर राजस्व और ऐप्पल विज़न प्रो ने 10 दिनों में 200k इकाइयाँ बेचीं

ヘッドセット リアリティ ウォーズ: メタ @ 四半期 VR 収益 10 億ドル、Apple Vision Pro は 10 日間で 20 万台を販売

헤드셋 현실 전쟁: Meta @ $1B 분기별 VR 수익 및 Apple Vision Pro, 10일 만에 20만 대 판매

Headset Reality Wars: Meta @ receita trimestral de VR de US$ 1 bilhão e Apple Vision Pro vende 200 mil unidades em 10 dias

Войны реальности гарнитур: Meta с ежеквартальной выручкой в 1 миллиард долларов и Apple Vision Pro продает 200 тысяч единиц за 10 дней

Kulaklık Gerçeklik Savaşları: Meta @ 1 Milyar Dolar Üç Aylık VR Geliri ve Apple Vision Pro 10 Günde 200 Bin Birim Sattı

Cuộc chiến thực tế về tai nghe: Meta @ $1B Doanh thu VR hàng quý & Apple Vision Pro bán được 200 nghìn chiếc trong 10 ngày

耳机现实大战：Meta @ 10 亿美元季度 VR 收入 & Apple Vision Pro 10 天内售出 20 万台

In the dynamic realm of blockchain and decentralized technologies, the Covalent Network is reshaping on-chain protocols with its innovative protocol revenue sharing model. Departing from traditional financial systems, this feature brings unparalleled accessibility, eliminates intermediaries, and empowers the community with direct access to granular blockchain data. CQT Market Buy-backs & Token Drivers At its core, the Covalent Network serves a dual purpose as both a decentralized physical infrastructure and middleware project, facilitating the connection between the supply and demand sides of on-chain data. Drawing parallels with well-known platforms like Uber, Covalent links query operators (supply) with applications (demand), employing a take rate to accrue protocol revenue and distinguish itself from traditional financial structures. In the foreseeable future, the Covalent Network will fully reside on Ethereum and exclusively utilize ETH for network fees. Through its (EWM), a pioneering solution designed to secure historical blockchain data access, Covalent ensures decentralization, avoiding reliance on centralized entities. This strategic move not only solidifies integration but also actively reinforces Covalent's commitment to the Ethereum ecosystem, cultivating a symbiotic relationship that enhances both Covalent and the broader Ethereum Network. Ethereum Wayback Machine How does it work? The CQT Network uses $CQT as a governance and staking token. Operators stake tokens to participate in network operations, with the share of work distributed proportionally based on their stake. Demand-side revenue collected by the protocol is distributed to operators through a revenue-sharing mechanism. The primary value accrual mechanism unfolds as follows: Applications directly query the blockchain data API by interacting with on-chain smart contracts and pay via stablecoins. Pricing of the API is determined by the network of operators. Stablecoins are converted to $CQT through a market-buy mechanism. $CQT is staked by Network Operators, serving as a security guarantee for their honest behavior. Earned $CQT is distributed to operators based on the work performed. Operators sell a portion of the earned $CQT for operating expenses, circulating back to the economy. Transforming Demand into Token Value Drivers Notably, the demand side of the Covalent Network’s protocol is priced in US dollars or fiat, ensuring predictable and forecastable consumption bills. The protocol collects revenue in US dollars, periodically converting it to CQT (Covalent's native token) through market buys. The CQT is then distributed to validators as a network utility token, circulating back into the ecosystem and sustaining the network. The Covalent Network guarantees equitable compensation for participants actively engaged in network operations, representing a notable departure from conventional models where value accumulation often favors passive stakeholders with limited or no direct engagement. Questions and Answers: Q: How does Covalent’s decentralized model differ from centralized models? A: Unlike centralized models where passive token holders benefit without active involvement, Covalent's decentralized structure ensures that token holders earn rewards based on their active contributions, such as staking or running validators. This emphasis on active participation establishes a fair and rewarding distribution model within the decentralized ecosystem. Explore Covalent’s for additional details. Staking Dashboard Q: What sets Covalent apart in terms of instantly accruing protocol revenue? A: The more API calls that interact with the network, the more revenue is generated. By leveraging token incentives this will drive costs down for users and turn long term data availability into a public good. Q: Can you explain the current method of revenue accrual for Covalent and any changes anticipated? A: Currently, revenue accrual involves a two-step process: demand-side API consumers pay the protocol in USD, converted to CQT and distributed to validators. As more validators join, the goal is to evolve towards a more direct flow, reducing reliance on centralized collection and promoting increased decentralization over time. About Covalent: ($CQT) powers the data layer in blockchain, enabling millions of users to build the new economy. It stands out for its deep commitment to democratizing blockchain data availability. Since its inception, Covalent has been helping developers, analysts, and enthusiasts with comprehensive, real-time data across over 200 blockchains. Learn how Covalent is building the . Covalent Ethereum Wayback Machine For more information, check out Covalent’s: | | | | | Official Website Twitter Discord Telegram Blog API Guides This story was distributed as a release by BTCWire under HackerNoon’s Business Blogging Program. Learn more about the program here.

Covalent (CQT) Launches On-Chain Protocol Revenue-Sharing For Network Participants

Covalent (CQT) নেটওয়ার্ক অংশগ্রহণকারীদের জন্য অন-চেইন প্রোটোকল রাজস্ব ভাগাভাগি চালু করেছে

Covalent (CQT) führt On-Chain-Protokoll-Umsatzbeteiligung für Netzwerkteilnehmer ein

Covalent (CQT) lanza un protocolo de reparto de ingresos en cadena para los participantes de la red

Covalent (CQT) lance un protocole de partage des revenus en chaîne pour les participants au réseau

सहसंयोजक (सीक्यूटी) ने नेटवर्क प्रतिभागियों के लिए ऑन-चेन प्रोटोकॉल राजस्व-साझाकरण लॉन्च किया

Covalent (CQT) がネットワーク参加者向けにオンチェーンプロトコルの収益分配を開始

Covalent (CQT), 네트워크 참가자를 위한 온체인 프로토콜 수익 공유 출시

Covalent (CQT) lança compartilhamento de receita de protocolo on-chain para participantes da rede

Coвалент (CQT) запускает разделение доходов по протоколу цепочки для участников сети

Covalent (CQT), Ağ Katılımcıları İçin Zincir İçi Protokol Gelir Paylaşımını Başlatıyor

Covalent (CQT) ra mắt chia sẻ doanh thu giao thức trên chuỗi cho những người tham gia mạng

Covalent (CQT) 为网络参与者推出链上协议收益分享

Students Are Being Labeled "High-Risk" Because of Their Race and Income in Wisconsin

উইসকনসিনে তাদের জাতি এবং আয়ের কারণে ছাত্রদের "উচ্চ-ঝুঁকি" হিসাবে চিহ্নিত করা হচ্ছে

In Wisconsin werden Studenten aufgrund ihrer Rasse und ihres Einkommens als „hochriskant“ eingestuft

Los estudiantes están siendo etiquetados como "de alto riesgo" debido a su raza e ingresos en Wisconsin

Dans le Wisconsin, les étudiants sont qualifiés de « à haut risque » en raison de leur race et de leurs revenus

विस्कॉन्सिन में छात्रों को उनकी जाति और आय के कारण "उच्च जोखिम" का लेबल दिया जा रहा है

ウィスコンシン州で人種と収入を理由に学生が「高リスク」のレッテルを貼られている

위스콘신 주에서는 인종과 소득 때문에 학생들이 "고위험"으로 분류되고 있습니다

Os alunos estão sendo rotulados de “alto risco” por causa de sua raça e renda em Wisconsin

Студентов в Висконсине относят к группе высокого риска из-за их расы и доходов

Wisconsin'de Öğrenciler Irkları ve Gelirleri Nedeniyle "Yüksek Riskli" Olarak Etiketleniyor

Học sinh đang bị gắn mác "Rủi ro cao" vì chủng tộc và thu nhập của họ ở Wisconsin

威斯康星州的学生因种族和收入而被贴上“高风险”标签

In this article, email signature generator shares its experience of launching on the AppSumo platform. It won't be just another success story; we'll also explain how we inadvertently reduced our potential sales by 30%. MySignature What Is an AppSumo? AppSumo is a platform that provides exclusive deals on software tools and , connecting entrepreneurs and businesses with discounted lifetime deals. digital products A lifetime deal entails the customer paying only once and having access to the product throughout its entire lifecycle. In essence, you possess the product, and AppSumo brings in the customers. Offering an attractive price for your product can attract a substantial number of potential customers, generating significant revenue. In addition to selling your product at a substantial discount (e.g., 60-80%), you also share approximately 70% of the revenue with AppSumo (resulting in about 30% for you). The final proportion of revenue sharing can be changed and is discussible. For some, it sounds totally insane. But here are a few benefits that can sweeten the bitter pill. Our Results From Our AppSumo Launch Our AppSumo launch was divided into two parts: the first phase lasted for 6 weeks, and the second phase occurred after 6 months for 1 week. We achieved the following results: Ranked as the #3 product of the week 2,622 sales/customers $138,000 in total sales $46,026 as our income (MySignature's share) 93 reviews with a 4.08 rating More than 1280 tickets 240+ questions on the AppSumo platform In general, we are satisfied with the results, but we acknowledge making one mistake that we believe may have reduced our potential income by about 30%. We will elaborate on this mistake and others below. What Do You Gain When You Run an AppSumo Deal? Huge Market AppSumo boasts a sizable user base of approximately 800,000 users and nearly eagerly seeking early access to software and attractive deals. Most of AppSumo's audience is from the US and other English-speaking countries. 3 million visitors This presents an opportunity to acquire more than 2000 customers, which sounds great. However, it's important to note that AppSumo offers more than just monetary benefits. Feedback Running an AppSumo deal guarantees an influx of feedback. Users will have numerous questions about your product, business, and your long-term plans. Free QAs After buying your product, a lot of users with different mindsets from various countries and platforms will test your service and ask questions, bringing huge benefits to the table if you still developing your go-to-market strategy. Be ready to handle a lot of bugs and suggestions tickets. We will discuss it further later. SEO / PR Participating in an AppSumo deal can yield SEO benefits, including external links to your website from coupon sites (best deals) and potential media coverage if your product captures interest. Army of 300 Spartans AppSumo users, after purchasing your deal, are encouraged to leave reviews about your service and participate in surveys in exchange for additional benefits, such as extra credits for their lifetime deals. These users are valuable assets to your business; they tend to be more active than your regular buying customers and can play long-term relationships. Future Upgrades and Upsells As mentioned above, AppSumo users can play a long-term role in your business. You can attempt to sell additional offers 6-9 months after concluding the AppSumo launch to customers. This might involve upgrading their lifetime deals with more credits. However, be prepared to offer competitive prices. Additionally, it's also fair to highlight some disadvantages and negative aspects of running the AppSumo deal. Impact on Branding Traffic Sales When running an AppSumo deal, it typically spans a few weeks, including an additional "Last Call" period after the main launch. In the case of MySignature, our AppSumo deal page ranked as the #2 result in Google search results for our brand keywords. Given that branding traffic is highly convertible into sales, we observed a slight decrease in the conversion rate for branding traffic during the AppSumo deal. Our hypothesis is that some customers who Google "MySignature" and are familiar with AppSumo may choose to buy the lifetime deal on AppSumo rather than on our site. Although not a significant problem, it's essential to be mindful of this, especially if you have substantial traffic from brand keywords. In our case, we ran Google ads to secure an additional link in Google results and mitigate potential negative consequences. Need for Team Mental Health Recovery While it may sound like a joke, AppSumo users are not as willing to wait for bug fixing and customer support answers as your regular users. Your entire team, especially support, will be under immense pressure during the initial and final days of the AppSumo launch. Despite making pre-launch preparations such as creating an FAQ and knowledge base, and reinforcing your support team with new members, it usually isn't enough to strike the right balance between customer satisfaction and team intensity. Be prepared to receive some negative reviews for perceived "long" support answers. And, of course, consider organizing a celebration after the launch to help your burned-out team recover. :) How to Start a Launch on AppSumo You can run your product on AppSumo either independently or when AppSumo invites you and assists with the preparation (Appsumo select). The latter is our situation. After signing the agreement with AppSumo, your preparation should commence. The AppSumo team will offer recommendations and outline a roadmap for you: Record demo videos Create demo videos showcasing your product. Some parts of these videos will be used in the promotional material. Provide key messages Prepare key messages about your product, your future plans, detailed descriptions, and notable features. Technical integrations Collaborate with the technical team to implement necessary integrations with the AppSumo API. This includes setting up integrations with AppSumo API for selling, activating, and processing refunds for your product. In addition to these steps recommended by AppSumo, we'll share our experiences on what else you should do for a successful launch. Preparation Support It is crucial to prepare FAQs and a Knowledge Base in advance; you will link these resources to the AppSumo deal page. After the launch, users will often ask similar questions. To enhance your support team's efficiency, consider collecting answers to frequently asked questions about and creating templates. This approach saves time and avoids crafting responses from scratch for similar inquiries. email signatures Roadmap The next step is to prepare the roadmap for your product, as AppSumo users often inquire about future plans. Anticipate that users will request new features, so create a special form for feature requests. We used Google Forms for this purpose. Additionally, allocate time slots in your roadmaps for the most requested features. For example, the CNAME feature was highly popular among our AppSumo users, and we incorporated it into our roadmap, contributing to additional sales. Promotion Plan AppSumo will handle all marketing aspects, running ads on platforms like Instagram, Facebook, and others. They will also create a promotional video for YouTube. For highly popular products, AppSumo might include your product in their weekly email digest (1.5M+ email distribution list), providing 2-3 spikes in sales during the launch period. In general, you may not need to exert extra effort to sell your product. However, we experimented with some additional marketing strategies to promote our deal on AppSumo. Social Media Groups We promoted our deal on Facebook and Reddit groups. To do this, we searched for AppSumo deal, LTD, and other relevant keywords to identify the most related groups. It's crucial to note that you need to do this before the launch because some groups are closed, requiring an invitation and approval. Also, check if everyone can publish posts or if you need to contact the admin for approval. In return, they may ask you to activate one of your Tiers on AppSumo for free. Facebook groups serve as an excellent additional marketing channel for your deal, leading to dozens of extra sales. Be prepared to respond to questions in the comments section of your post. Other Marketing Ideas Find special YouTube channels that create deal/product video reviews or conduct interviews. Discover websites that feature the best monthly deals. For an extra fee, you can attempt to feature your deal in some prominent spots. Important Note: AppSumo does not recommend and, in some cases, forbids certain noise marketing promotions — they manage all promotions on their side. This is why we refrain from running giveaways with certain Facebook groups. The Key Element of the Successful AppSumo Launch Here is the key success element that we learned during the AppSumo launch. Reviews are crucial! The quantity and rating play a significant role in your deal, visibly in special sections on AppSumo, but they also play a decisive role in the decision-making process of whether to buy your deal or not. How Do We Encourage Reviews? First of all, you should set up an automatic email sequence for AppSumo users to leave reviews; you can offer some extra credits as a thank-you. Your support team should also ask customers to leave a review, especially if the customer is satisfied. AppSumo users always look for social proof of products on resources they trust. So be sure that you also have a good rating on G2 and TrustPilot. Work With Negative Reviews A negative review is not the final verdict. You can ask the user to change their review if you solve his/her problem and send a special form. The AppSumo team will provide you with the link to such a form. Another important aspect is learning how to be successful; you can learn from the mistakes we made and how to avoid losing 20-30% of sales. One Mistake - 30% Less Sales Okay, we are uncertain about the number of sales we missed due to the following mistakes. Considering the amount of refunds, we anticipate that it might exceed 20-30% of our income. Our mistake was the lack of clear identification for one of our AppSumo Tiers: Tier 1, Tier 2, and Tier 3. The issue arose because we employed different approaches to create our services. Tiers 1 and 2 grant users access to the MySignature email signature generator, enabling them to create and manage signatures for themselves or their team and utilize the feature. Gmail tracker On the other hand, Tier 3 (Agency Hub)  is designed for resellers/agencies primarily seeking a solution for their clients to create and manage email signatures without the tracking feature. Consequently, features like Gmail tracker were not technically available in Tier 3, unlike Tiers 1 and 2, which serve other business purposes and include Gmail tracker options. This confusion led to AppSumo questioning why Tier 3, expected to be the most powerful plan encompassing all features from Tiers 1 and 2, lacked email tracking. This confusion resulted in numerous negative reviews, inquiries to the support team, and comments in Facebook groups related to the AppSumo community. Another oversight was our failure to provide clear plan descriptions outlining the differences between the plans. Also, users who bought Tier 3 and expected all features from Tier 1 and 2 were disappointed when they didn't find the Gmail tracking feature. We completely understand users' frustrations and have provided all the necessary explanations. To be frank, we didn't have full access to the deal page descriptions on AppSumo; that's why it took some time to contact AppSumo's content team and request changes in the text descriptions of the plan. So, summing up our mistake, we would advise: Ensure that your plans are described absolutely clearly for users. Make the positioning of plan features logical and understandable for users. The best approach is when all plans include all features, and differences are in credit amounts. Don't expect users to read all the text. Surprise, surprise! Takeaway The main takeaway that we want to emphasize is to ensure that you provide clear deal descriptions. Encourage reviews — they are fuel for selling your deals. And lastly, be ready to manage processes on the fly — bug fixing and adding new FAQs. Don't forget to take a break after the AppSumo deal to reach new highs! Was it Worth it? Absolutely! The entire experience was undeniably valuable. Collaborating with AppSumo enabled us to gain traction in a way that would have been extremely challenging through other means. Additionally, it facilitated valuable product feedback, significantly accelerating the development process.

Our AppSumo Launch: An Honest Review and Explaining How We Lost 30% of Our Potential Revenue

আমাদের অ্যাপসুমো লঞ্চ: একটি সৎ পর্যালোচনা এবং ব্যাখ্যা করা হচ্ছে কীভাবে আমরা আমাদের সম্ভাব্য আয়ের 30% হারিয়েছি

Unser AppSumo-Start: Ein ehrlicher Rückblick und eine Erklärung, wie wir 30 % unseres potenziellen Umsatzes verloren haben

Nuestro lanzamiento de AppSumo: una revisión honesta y una explicación de cómo perdimos el 30% de nuestros ingresos potenciales

Notre lancement AppSumo : un examen honnête et expliquant comment nous avons perdu 30 % de nos revenus potentiels

हमारा ऐपसुमो लॉन्च: एक ईमानदार समीक्षा और यह बताना कि कैसे हमने अपने संभावित राजस्व का 30% खो दिया

AppSumo の立ち上げ: 正直なレビューと潜在的な収益の 30% をどのように失ったかを説明する

AppSumo 출시: 솔직한 리뷰 및 잠재 수익의 30% 손실 이유 설명

Nosso lançamento do AppSumo: uma análise honesta e uma explicação de como perdemos 30% de nossa receita potencial

Запуск нашего AppSumo: честный обзор и объяснение того, как мы потеряли 30% потенциального дохода

AppSumo Lansmanımız: Dürüst Bir İnceleme ve Potansiyel Gelirimizin %30'unu Nasıl Kaybettiğimizi Açıklamak

Ra mắt AppSumo của chúng tôi: Đánh giá trung thực và giải thích lý do chúng tôi mất 30% doanh thu tiềm năng

我们的 AppSumo 发布：诚实的回顾并解释我们如何损失了 30% 的潜在收入

Trusting strangers online is always an issue when making purchases or establishing any kind of monetary transaction with others. Maybe there are some enticing offers around or some really inexpensive providers in distant countries. However, how do you know they can be trusted? And how do they know can be trusted? you Well, that’s possible and easy now by using the and cryptocurrencies. ArbStore Operating on the decentralized , ArbStore ensures safe transactions through smart contracts (without coding for users) and cryptocurrencies, offering a decentralized escrow that safeguards funds until conditions fulfillment. This is a new decentralized escrow payment solution, specifically designed for international trade. Obyte crypto platform With the added layer of protection from independent arbiters in case of disputes, parties involved are assured a fair resolution process. ArbStore's appeal lies in its global and unstoppable nature, providing a secure, privacy-centric environment through end-to-end encrypted communication. Offering a low and transparent fee structure, it eliminates the risks of fraud, making it an ideal solution for individuals and businesses seeking efficient, secure, and truly global payment methods in cross-border trade. Let’s check some businesses and online platforms that could greatly improve their services and trust by using this smart contract tool. E-Commerce Marketplaces In case you didn’t know, global e-commerce sales to increase to over $58 trillion by 2028. This is, undoubtedly, a good field to do business from now on. are expected On the other hand, the use of Distributed Ledger Technologies (DLT) tools like the Arbstore is anticipated to result in an increased value for businesses, $176 billion by 2025. exceeding You can take advantage of those benefits too. By eliminating concerns related to fraud, ArbStore facilitates smoother transactions, reducing the likelihood of chargebacks and payment disputes. This enhanced security not only improves the overall user experience but also encourages repeat business and customer loyalty. Moreover, the platform's global and anti-censorship transaction capabilities break down geographical barriers, expanding the marketplace's reach and catering to an international customer base. In addition to the financial benefits, Indeed, according to a , 81% of consumers are now worried about the use of their private data in online platforms. the privacy-centric approach of ArbStore, with end-to-end encryption, ensures secure contract negotiations, further instilling confidence in users. study by IBM ArbStore can offer fully private and protected transactions since no one (not even Arbstore itself) can see or manipulate the contracts —only the involved parties and, if needed, the arbiter. An Example of Marketplace Use The usability would be simple. Let’s say that Alice is a furniture manufacturer from A country, while Bob is looking for a wholesale provider to resell that kind of product in B country himself, and he’s looking for the most convenient deal online. They can find each other through the C Marketplace, where the is integrated. ArbStore Then, they discuss the terms of their contract privately, select a professional arbiter from the ArbStore, and make a in the Obyte wallet, locking the funds until conditions are met. If everything goes as planned and the product is received, Bob (the buyer) will release the funds to Alice. If there’s a dispute for any reason, either party can invoke the arbiter and present their evidence to obtain a fair decision. contract with the arbitration In the latter case, the arbiter wallet address must release the funds to the buyer or the seller, depending on their decision. And that’s it! No one but the parties involved can see or manipulate the deal. Classified Advertisement Platforms Classified ad platforms are like the Wild West of the Internet for users. Anyone can find superb offers there, but also a criminal or a scam. You can’t exactly trust a random guy offering a low-price iPhone or a good-looking gig on one of these sites. Not even if you meet them in person —which is kind of dangerous too. **But wait: everyone can do it now with the . Even if they’re in different regions or countries.
\ By implementing this decentralized escrow system, these platforms could alleviate concerns related to fraud and physical assaults, ensuring secure transactions. The heightened security could foster trust among users and contribute to a streamlined user experience. ArbStore Besides, the integration mitigates the risk of payment disputes and also attracts a larger user base seeking the safety and reliability afforded by ArbStore's infrastructure and the global and of cryptocurrencies. decentralized nature In this case, Bob could actually sell a cheap iPhone to Alice from one state to the other, or from one neighborhood to the other, without meeting in person or even leaving his home. If Alice receives her package without issues, she’ll release the funds to the seller. If there’s a disagreement, they can ask for the help of the previously selected arbiter. The whole process is tamper-proof. Gaming Communities These days, many kinds of games include in-game transactions and exclusive digital products like premium skins or items, and a wide variety of Non-Fungible Tokens ( ). Gamers worldwide need secure internal transfers, so they can trade unique digital property without fraud. NFTs Meanwhile, this market is growing quickly. Recent have shown that the gaming sector is poised to reach an estimated $626 billion by 2028. industry stats Offering enhanced security and transparency, they can ensure fair gameplay, eliminating concerns about cheating or fraud. Smart contracts are playing a pivotal role in transforming this market, particularly in managing in-game assets and transactions. with its integration into the gaming landscape, could significantly enhance the gamer experience and the business of gaming. By seamlessly incorporating user wallets and decentralized storage solutions, ArbStore would empower players to securely manage and transact their in-game assets. ArbStore, This integration aligns with the principles of new game development, offering a secure and user-friendly environment for gamers worldwide. P2P Trade Platforms There are all kinds of P2P platforms lately, but the more expensive the assets involved, the more complex it could become to trade them. For instance, a real estate property, a vehicle, or an original artwork. Most people could risk that a nice lamp or a T-shirt never arrives, but they’d never bet on a high-value asset or . So, there are often some quite expensive middlemen in the process. wholesale purchases For instance, consider a business wanting to buy a fleet of vehicles internationally. By utilizing this decentralized escrow platform, the buyer locks funds in a smart contract, ensuring the seller receives payment only upon successful asset delivery. Of course, ArbStore can help in these circumstances as well, taking a drastically lower fee. This mitigates the risks associated with cross-border transactions, fostering trust between parties. The decentralized nature of ensures privacy and eliminates the need for intermediaries, streamlining the process. ArbStore This approach makes ArbStore an ideal solution for businesses engaged in large-scale, high-value transactions, offering a secure and transparent platform for seamless global trade. Global Freelance Sites and Job Platforms With over 1.5 billion freelancers to the gig economy worldwide, the need for secure and efficient payment methods is paramount. Traditional payment methods often pose issues like delays, high transaction fees, and currency conversions, hindering the freelancer-client relationship. contributing And that is a very positive relationship for businesses: ** up to 30% by hiring freelancers worldwide.
\ So, they should be more interested in offering secure and quick payment processes to expand their reach and long-term revenue. ArbStore could be a powerful tool to do this. For example, Alice, in country U, could hire Bob, in country Y, to make a whole website for her company. they can save After both parties download the Obyte wallet, they agree on contract terms and select an arbiter for dispute resolution (in case they have a dispute in the future). Alice then locks the project funds in a contract with arbitration, establishing a . decentralized escrow As Bob completes the task, Alice releases the corresponding funds. The transparency of the smart contract ensures trust, and in case of any dispute, the chosen arbiter steps in for a fair resolution. Throughout the process, the privacy-centric nature of ArbStore allows confidential contract details to remain solely between Alice and Bob, offering a secure and efficient way to facilitate their website development project and all involved payments. -- After all these considerations, we can say that , operating with crypto, stands out as a secure decentralized payment solution. These features make it an optimal choice for businesses, along with its mature infrastructure, scalability, and low fees. ArbStore Utilizing smart contracts on the Obyte platform ensures decentralization, security, and . sustainability If you’re looking forward to a partnership or integration, please contact us at . partners@arbstore.org Featured Vector Image by pikisuperstar/ Freepik

Boost Revenue and Trust With ArbStore: Ideal for Businesses and Online Platforms

ArbStore-এর মাধ্যমে রাজস্ব এবং আস্থা বাড়ান: ব্যবসা এবং অনলাইন প্ল্যাটফর্মের জন্য আদর্শ

Steigern Sie Umsatz und Vertrauen mit ArbStore: Ideal für Unternehmen und Online-Plattformen

Aumente los ingresos y la confianza con ArbStore: ideal para empresas y plataformas en línea

Augmentez vos revenus et votre confiance avec ArbStore : idéal pour les entreprises et les plateformes en ligne

ArbStore के साथ राजस्व और विश्वास बढ़ाएँ: व्यवसायों और ऑनलाइन प्लेटफ़ॉर्म के लिए आदर्श

ArbStore で収益と信頼を向上: ビジネスとオンライン プラットフォームに最適

ArbStore를 통해 수익과 신뢰를 강화하세요: 비즈니스 및 온라인 플랫폼에 적합

Aumente a receita e a confiança com ArbStore: ideal para empresas e plataformas online

Увеличьте доход и доверие с помощью ArbStore: идеально подходит для бизнеса и онлайн-платформ

ArbStore ile Geliri ve Güveni Artırın: İşletmeler ve Çevrimiçi Platformlar için İdeal

Tăng doanh thu và sự tin cậy với ArbStore: Lý tưởng cho doanh nghiệp và nền tảng trực tuyến

通过 ArbStore 提高收入和信任：企业和在线平台的理想选择

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