the startups.com platform about startups.comCheck out the new Startups.com - A Comprehensive Startup University
Education
Planning
Mentors
Funding
Customers
Assistants
Clarity
Categories
Business
Sales & Marketing
Funding
Product & Design
Technology
Skills & Management
Industries
Other
Business
Career Advice
Branding
Financial Consulting
Customer Engagement
Strategy
Sectors
Getting Started
Human Resources
Business Development
Legal
Other
Sales & Marketing
Social Media Marketing
Search Engine Optimization
Public Relations
Branding
Publishing
Inbound Marketing
Email Marketing
Copywriting
Growth Strategy
Search Engine Marketing
Sales & Lead Generation
Advertising
Other
Funding
Crowdfunding
Kickstarter
Venture Capital
Finance
Bootstrapping
Nonprofit
Other
Product & Design
Identity
User Experience
Lean Startup
Product Management
Metrics & Analytics
Other
Technology
WordPress
Software Development
Mobile
Ruby
CRM
Innovation
Cloud
Other
Skills & Management
Productivity
Entrepreneurship
Public Speaking
Leadership
Coaching
Other
Industries
SaaS
E-commerce
Education
Real Estate
Restaurant & Retail
Marketplaces
Nonprofit
Other
Dashboard
Browse Search
Answers
Calls
Inbox
Sign Up Log In

Loading...

Share Answer

Menu
Business Strategy: Does large traffic necessarily mean revenue opportunities?
CJ
CJ
Chris Justice, "A startup guy's startup guy" answered:

The DIY startup method - build an audience around an area of your expertise, deliver that audience content they care about, then engage them to see what product of yours they would be willing to buy. Tim Ferriss (FHWW), John Lee Dumas (EOF), Bryan Harris (10KSubs), and countless others have taken this approach and turned out scalable businesses. It's great to have an idea of what visitors may want to buy, but the minute you build product before you build an audience for it, you immediately risk taking the wrong path at the expense of time, money, and momentum.

Even without knowing your industry, how you engage your visitors should be the biggest piece here - it's great to bring a bunch of people to one place, but if you aren't getting their contact info and making them stick around with content, discussions, videos, emails then it's going to be much harder to bring them back, let alone get them to buy from you. This can be as simple as blog posts, as timely as real-time video webinars, or as easy as delivering curated relevant articles via email. The end result should be you as founders and/or your site being seen as the best place to get information your audience cares about.

If costs to you are low (negligible, or easily offset by adding a small revenue stream), and you have the ability to deliver a knowledge base to your audience around your expertise, then go for it! The right level of engagement with that audience should give you some great insight into what they would buy, how much they would pay for it, and how likely they would be to share their experience with others. It can take a few shots to find the right balance of product vs. demand, but having that knowledge base and content allows you to be flexible in your approach. Don't assume you know what your visitors would buy - test your assumptions by simply asking them. Get an understanding of the biggest questions they want answered, answer them through content, and use this insight to build product. There is no 'right number' of visitors - even getting 100 email addresses can be a huge start to understanding what to build.

Cheers!
Chris Justice

Talk to Chris Upvote • Share
•••
Share Report

Answer URL

Share Question

  • Share on Twitter
  • Share on LinkedIn
  • Share on Facebook
  • Share on Google+
  • Share by email
About
  • How it Works
  • Success Stories
Experts
  • Become an Expert
  • Find an Expert
Answers
  • Ask a Question
  • Recent Answers
Support
  • Help
  • Terms of Service
Follow

the startups.com platform

Startups Education
Startup Planning
Access Mentors
Secure Funding
Reach Customers
Virtual Assistants

Copyright © 2025 Startups.com. All rights reserved.