After 5 years of software development in a company I've decided to move in entrepreneurial world and start my own business. I need some advice on the following two areas:
Any idea will help me!
Marketing is THE problem you will have to solve. The actual engineering of the product is entirely secondary. Having a better mousetrap has always been a myth.
It's very unclear where you are in the product design, answering a few questions would help others pitch in what they may have to offer:
There are other more targeted questions that may arise, but letting us know this would be very helpful, otherwise it's too open of a question in my opinion.
I looked over your website and the skills and experience listed are impressive, but without a real portfolio of projects delivered by your new company, it will be difficult to attract direct customers. Most clients do not wish to be the first client of a new company. If you are looking for U.S. clients you may wish to partner with a U.S. company that can solicit and manage client relationships, allowing you to focus on development. You need a partnership relationship rather than a subcontractor relationship. Your partnership contract must allow you to list completed projects on your website portfolio as well as the partner's website. Once you have completed several projects and have some clients it will be possible for you to attract direct clients. If you are interested in pursuing this path send me a message.
if I understand correctly you want to focus on the development as a service side at the moment and not building a product. Which is not bad and much closer to the money.
Positioning is the key here. You don't want to be the millionth off-shore/near-shore outsourcing company. Instead, pick a niche that resonates with you, that you have already a passion for or some knowledge about and find their biggest problem or challenges. Talk to them. Watch them. Try to understand them so well that you could write a page into their diary.
Then create an offer that addresses EXACTLY this problem. Then take that offer to market and see how the market responds. Listen to the feedback. If it clicks, great - Deliver it and see how that goes (and work on perfecting the delivery).
If it doesn't click with your market (if people don't buy or give you objections you can't answer) iterate on your offer until it does click.
The great thing about this approach is, that you can productise you service and really focus on delivering an outcome for your customers. This keeps things super simple and repeatable for you.
Another great thing is that you can sell an outcome/transformation and not hours. Because that's all people care about. If they have a big enough problem, and you're the guy with the exact solution, it does not matter how much hours you work on it. They don't care. They care about having their problem solved as fast as possible. And the price should reflect the size of the problem.
So if solving their problem will save or make them $50.000, you can take something like 10-15% of that easily. Even if it just takes you a day to deliver it.
I hope that helps, if you have any questions, just send me a DM.
Micah Stevens we do not have a product in mind we are an outsource software services agency. I will try to answer to your questions below:
1. We do not have a product on which we are working right now, we are trying to market our services as a company, being an outsourcing software services startup;
2. Same as above;
3. We do not have any clients yet, we just started our company;
4. We do not have to much marketing experience as we worked entirely as software developers for more than 5 years.
We discussed internaly about building a product but we need some financial stability first in order to start the development in this direction. For the first year we want to work as contractors for different projects and than to jump into the product development area.