Assaf Ben-DavidMentor, Entrepreneur, Lawyer, Public Speaker
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Experienced Startup Mentor, Commercial lawyer, Lecturer & public speaker. I've helped over 300 entrepreneurs & 100+ startups. Taught tens of courses and given hundreds of talks. Founder of the Legal Clinic for Startups.



Recent Answers


Hi
If you haven't already validated the market, then it would be best to start with something simple and the option with the cheapest costs.
If you see that there is in fact a need for your service, you can always start developing your own version whilst the template version is running.
If you the costs of the templates are close to the costs of the 'made from scratch' (MFC) version (which would sound strange), then you need to take into account the following:
1. MFC version usually takes longer
2. MFC version usually has additional 'surprise' costs.
3. Template version has limited ability to make changes.
If you decide to go for the MFC version, make sure that:
a. you have a development contract with the developers
b. you chose developers that you can trust (have recommendations).
c. Don't ever pay the entire amount upfront. Always pay only after each milestone has been done, and leave at least 25% of the payment for at least 2 months after they have signed over the project (in case you discover bugs).
d. Make sure that after every stage they send you the code.
Good luck
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Hi
Seems like you've done a great job so far! well done.
1. What are the verification mechanisms?
2. What is the business model?
3. What comments did investors give you?
4. I would need to see your pitch deck and how you pitch.
You have done all the right stages, but that is only part of the journey. The business model needs to be good, the pitch needs to be great, and investors today want to see traction - so maybe we can check how to create an MVP.
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
Good luck


Validation and monetization - two great questions.
See some great tips on how to do validation in this answer: https://clarity.fm/questions/6423/how-do-you-do-market-research (happy to help you plan your specific validation process)
Regarding monetization - the most suitable business models in this case would be commission / intermediate fee taken from either the advertisers or the owners of the advertising spaces (spas, coworking spaces) or both of them.
Good luck
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Hi,
Each item/creation is subject to its' own license and you need to make sure that the license permits you to use whatever you purchased for commercial use and/or that the intellectual property rights/ownership rights have been transferred to you, or that you've received a license to use the item/creation.
In regards to Fiver - the section you mentioned does mean that the person doing the gig is assigning the rights over to you - the only problem is that that person may not be the owner of those rights, meaning that he can't actually assign them to you. For example, if the Fiverr person did something for someone else (and already assigned it to them), and then uses those same materials for you...
Good luck
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Well done for creating the app. Great question.
Regarding setting the price: I would try run a survey with some screen shots that show the game and it's purpose/experience, and ask potential users how much they would pay. I would run one survey with open end questions, such as: "which payment method would you prefer? Answers: one time payment, download payment, monthly payments, yearly payments....
and "How much would you be willing to pay for the service - in each of the various payment options".
Then, I'd run another survey with the same questions, but provide various options for them to choose from. There is a lot of psychology behind the way the questions are done, so it is important to do them correctly.
Once you've done these survey's, you'll have a better understanding of what you users are willing to pay, and how. Also, if you do the survey right, you could collect potential first clients (they would leave their email address and you can notify them when you launch).
Good luck,
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Good question.
It's not only about how many users you have, it also (and sometimes even more importantly) about:
1. What the conversion rate is (visitor to user or click to paying customer, etc...).
2. What your user life cycle is.
3. How engaged the users are.
4. What your profit % is from each user.
5. What industry you're in.
and a few other metrics. Sometimes, if these metrics are good, it less matters that you "only" have X users.
Good luck

I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Hi
I teach courses online (live)/remotely. I give most of my consulting online.
Happy to try and help.
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Hi
This is a good question, and the fact that you aware and following your stats is excellent.
Although this really is a trial and error method, using a comparison model is always good - meaning see what 'competitors' in similar fields and with similar amount of followers are charging (send them a message from a different account and ask). You can always use this information to also show potential advertisers that you charge reasonable rates - even slightly cheaper than your competition despite getting better rates.
The second method is to keep raising your price, until you see that the conversion rate (people willing to pay) start saying "no thanks" - then you'll know you've hit the max you can ask for. I personally think that 3:1 is too high (too many ads), but it would depend on the industry (not sure what exactly "news" means), and if you don't see a drop in interactions and reach, then maybe your followers don't mind.
Good luck
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Welcome.
Add a full profile.
Answer as many questions as you can, by providing quality answers! give value to the users and the rest will come.
Good luck
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


Hi Ben,
good luck.
1. I work with numerous software development companies - from all over the world - India, Ukraine, Israel... - so I'm happy to connect you with one if you need. It all depends on the project and your (or your client's) budget.
2. Three very important points:
A) Be very clear about what you're paying for/what you're getting - in regards to specifications of the project. in 9/10 cases people overlook things.
B) Make sure that you have a signed development agreement both with your customers, and the development company [I can draft this for you if you need]
C) DO NOT pay too much upfront - only pay after each stage / milestone has been completed - and always leave at least 20% for until about 60 days after the project is completed and the support period has ended.
Good luck
I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david


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