What's New: Keeping your Stripe account healthy
In the latest issue of the Indie Hackers newsletter, the author discusses the issue of receiving a message from Stripe stating that "your business presents a higher level of risk than Stripe can currently support." This message means that you can no longer accept payments for your product via Stripe. To address this concern, the author suggests taking preventative measures such as being conservative with the payments you allow, adding some friction to the payment process, and being lenient with policies to avoid chargebacks. If the issue still persists, the author suggests reaching out to Stripe through official and unofficial channels for assistance. Additionally, the author provides alternatives to Stripe, such as Paddle, Lemon Squeezy, Square, and PayPal.
In another section of the newsletter, the author highlights the story of Spencer Patterson, who built a SaaS product and achieved $140k in monthly recurring revenue (MRR) in four years. Spencer then sold the business for $3.5 million on Flippa and is now using the proceeds to build five new products. The author also mentions Spencer's approach to personal finance and investing, including diversification and the importance of safeguarding funds through FDIC-insured institutions.
Navigating the Ups and Downs of Motivation: Lessons Learned
In this podcast episode, the speaker talks about the struggles of getting motivated and shares five lessons that helped them overcome motivation slumps and launch their project emailemu.com. One of the key lessons is the importance of constantly talking with people about your project. Sharing it with others helps keep it at the forefront of your mind and increases the chances of staying consistent in your efforts. The speaker emphasizes the significance of finding a product-market fit, as it brings excitement and validation. Even small achievements, like gaining new subscribers or receiving mentions on LinkedIn, can boost motivation and confirm that you're on the right track. The speaker also discusses the need to start small and gradually increase effort, citing the idea of forming habits to reduce the need for discipline. Consistency is highlighted as a crucial factor in building momentum and driving change. The speaker concludes by inviting listeners to check out emailemu.com for email marketing strategies and to provide feedback and support.
Show IH: Stock Market Due Diligence App
The Company 360 app, available on the Apple App Store, offers a tool for investors to identify undervalued stocks using the Value Investing strategy. This app provides users with valuable insights and analysis to help make investment decisions. By utilizing this app, investors can tap into a strategy that focuses on identifying companies that are trading below their intrinsic value, potentially offering a good opportunity for long-term growth.
Another app called Super Investor, also available on the Apple App Store, offers an analysis of what institutional investors own compared to retail sentiment and short positions. This app provides users with information on the holdings of institutional investors and compares it to the sentiment of individual retail investors and the presence of short positions in the market.
Both of these apps provide unique features and tools that can benefit investors in different ways. The Company 360 app focuses on identifying undervalued stocks, while the Super Investor app offers insights into investor sentiment and institutional holdings. These apps can assist investors in making more informed investment decisions.