Building a Software Company with No Money: A Simple Framework for Success

Building a Software Company with No Money: A Simple Framework for Success

Building a software company with no money may sound like a daunting task, but it is possible with the right approach. In this article, we will share a simple framework that can help you build something that your customers will absolutely want, without investing a lot of money upfront.

Step 1: Build a Clickable Prototype Before investing time and resources into building a software product, it's essential to test the idea first. To do this, create a clickable prototype using tools like Keynote or PowerPoint. This will allow you to simulate how the software will work without investing in actual development.

The best part is, even if you're not tech-savvy, creating a clickable prototype is still simple. All you need to do is draw boxes and connect them to simulate different screens and features of your software. This simple approach will help you save time and money while still validating your idea.

Step 2: Find Early Adopters Once you have a clickable prototype, it's time to find early adopters who are willing to try your software. Jeffrey Moore's Technology Adoption Curve identifies innovators and early adopters as the two groups most likely to try new technology. So, it's essential to identify these groups and get feedback from them.

To find early adopters, you need to understand their characteristics and where they spend time. For example, if you're building a restaurant app, early adopters may be using Snapchat for marketing or Facebook messaging. By understanding these characteristics, you can reach out to them and validate your clickable prototype.

Step 3: Pre-sell Your Software Finally, it's time to pre-sell your software to get validation from potential customers. Pre-selling means asking customers to commit financially to your software before it's built. This approach will help you understand if there is a demand for your software and what features customers are looking for.

To pre-sell your software, you need to reach out to potential customers and offer them a pre-sale discount or early access to your software. By doing so, you'll get true customer validation and feedback, which will help you build a product that customers truly want.

Conclusion Building a software company with no money is possible if you follow the right approach. By creating a clickable prototype, finding early adopters, and pre-selling your software, you can build a product that customers want without investing a lot of money upfront. Remember to stay creative and flexible in your approach and use the feedback to refine your product.

Wendell Scott

Article by Wendell Scott

Published 14 Jan 2023