Do you have the same opinion on projects that are unlikely to reach high levels of revenue anyway?
Yes but that's a bit pessimistic 😅. Any project may or may not reach a high level of revenue IMO.
Here is my thought process:
I need to form a hypothesis on how much effort needed to generate certain amount of revenue
Then I work backwards and validate the hypothesis
To do that, I would start with paid only because if I cannot convince even a few people to pay, I won't be able to convince 100, 1000 more. And in the end, all my efforts are wasted. I'd rather work on a different thing
From my experience, if you can convince 1 person out of 100 users who tried your product, it's likely a good product to pursue.
If you show it to 1000 people but none would pay then it's not a good problem to solve.
You can test both strategies. Make it paid only, but allow a small number of visitors to try it for free in exchange for feedback. This would filter the non-serious users who are not really having the problem you're trying to solve.
Yes but that's a bit pessimistic 😅. Any project may or may not reach a high level of revenue IMO.
Here is my thought process:
From my experience, if you can convince 1 person out of 100 users who tried your product, it's likely a good product to pursue.
If you show it to 1000 people but none would pay then it's not a good problem to solve.
You can test both strategies. Make it paid only, but allow a small number of visitors to try it for free in exchange for feedback. This would filter the non-serious users who are not really having the problem you're trying to solve.