The Secret to Finding Profitable Software Ideas

Thinking of quitting the tech industry grind to start a profitable software business yourself? Before you take the plunge, don't make the same mistakes I did! The secret to finding a profitable software idea, is that it must come from your customers. Unless you know a real pain that people who would use your software are experiencing, you can easily fool yourself into thinking it's good enough to build a software product business on. In this episode, I share what I've learned about finding real software product ideas. I use a combination of IBISWorld, ChatGPT, and a book by Dane Maxwell to help my software development coaching clients discover software startup ideas. IBISWorld Businesses  https://www.ibisworld.com/industry-statistics/number-of-businesses/ Start from Zero by Dane Maxwell https://www.amazon.com/Start-Zero-Business-Experience-Freedom/dp/1950367185 Join my Patreon:  https://thrivingtechnologist.com/patreon Learn about one-on-one career coaching with me: https://thrivingtechnologist.com/coaching TechRolepedia, a wiki about the top 25 roles in tech:  https://thrivingtechnologist.com/techroles The Thriving Technologist career guide:  https://thrivingtechnologist.com/guide You can also watch this episode on YouTube.  Chapter markers / timelinks: (0:00) Introduction (1:42) Finding a Profitable Software Idea (1:54) 1. Select a Customer Market (2:50) 2. Determine How to Contact Customers (4:37) 3. Ask Customers for Their Biggest Problem (6:05) 4. Ask People Who Responded To Meet (7:03) 5. Ask Them 5 Questions (7:15) Make Sure You're On The Same Page (7:29) How Are You Solving It Today? (8:15) What Happens When You Don't Solve This Problem? (8:50) If You Could Wave a Magic Wand, How Would You Solve It? (9:36) Would You Pay for That Solution? How Much? (10:48) Identify Consistent Profitable Problems Visit me at thrivingtechnologist.com

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If working on software teams feels complicated, frustrating, and filled with politics - that's just because your eyes are open. Unfortunately, you do need to make a living! So how do you keep up with the demands of your tech job and still have a life outside of work? Hi I'm Jayme Edwards, and I've had a 26 year career in the software industry filled with thrilling victories - and maddening drama. With so many problems in our industry, the more money I made the more ridiculous people's expectations were. I’m sharing the biggest mistakes I made in my career, and the insights I learned along the way. This podcast is the audio version of the Thriving Technologist YouTube channel, where you can find new episodes every Monday. Podcast versions appear on Wednesday of the same week. Subscribe and join us! Let’s help each other grow a community of healthy software developers.