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Basic Problem Newsletter #33 πŸ’΅

Basic Problem

πŸ‘‹ Hey all

Good to see you again and welcome back to my newsletter about product ideas, building side projects, indie hacking, and problems worth solving.

Today, I have a special special in addition to the usual special. I've started a new project I'd like to share with you.

Here we go.


🐦 Introducing Birdspotter

I'm excited to announce Birdspotter, a new project I'm going to build in public.

Birdspotter is an intelligent keyword monitoring tool for Twitter to help you get the most relevant social listening results.

That "Social Listening" section below has been the main motivator for this product. Finding something valuable on Twitter can be hard. So I will set out on a mission to provide the best Twitter search experience for indie hackers, bootstrappers, and small businesses. And Birdspotter is the first step.

If you're interested, subscribe to the waitlist to become an early user. Feel free to follow me on Twitter for updates. And from time to time, I'm also going to share with you here in the newsletter what I learned on the way.


πŸ’΅ Alternative Assets

Sometimes it's easier to explain something by saying what it is not. Confused yet? Okay, let me be clearer: alternative assets or alternative investments are capital investments that are not classic financial products like stocks, bonds, and cash.

This opens up huge opportunities across lots of different and wide fields. Some definitions count well-known assets like private equity, venture capital, hedge funds, private debt, real estate, infrastructure, and natural resources as alternative investments.

The real fun starts elsewhere. Think Facebook Groups, social media accounts, domain names, or music royalties. And of course, all things collectibles: wine, watches, cars, whisk(e)y, art, comics, video games, trading cards, and many many more.

So there is plenty of niches to build solutions for. This screams analytics, marketplaces, discoverability, (paid) communities, shared investments, or escrow services. For a great breakdown, have a look at the Alternative Assets edition of Dru's Trends.vc. In addition, to get insights into various asset classes, subscribe to Alternative Assets.

Back in the days when the local gaming store was my second home, we used to make fun of the Black Lotus card in Magic: The Gathering. (Cue Conan the Barbarian.) This card sells between € 40,000 and € 400,000 today. Why I'm telling you this: this could be a way to niche down for an indie hacker. Don't pick alternative assets in general. Pick one collectible class (tradings cards), pick trading card games next, and settle with one specific game (like Magic). Find a community to serve and listen to problems they have you can build a solution for.

And I don't know about you, but I'm now going to open up my drawers, rummage through my basement and my parent's attic to find all those computer and video games I have which are still shrink-wrapped πŸ€‘ (No, I'm not selling. I'm a collector so I just want to know my net worth πŸ˜‰)

πŸ’¬ Social Listening

Listening on social networks to find out what people are looking for.

Top "request for product" tweets on Twitter:

Selected "someone invent" tweets on Twitter:

πŸ“š Worth Reading

10 Lead Generation Tactics That Work (With Examples) – Loads of actionable advice from Ahrefs.

I Asked 50+ Developers How They Buy Software. Here’s What I Learned. – If you are selling your side project to developers, here's a salesperson view on… us.

How to focus on the Problem Space by Killing your Idea Backlog – You may ignore the corporate innovation and "buy my services" part. But the basic message of "problem first, solution second" is worth reading again and again.

Why Decentralised Applications Don’t Work – As a principle-driven person believing in the power of decentralized approaches, this makes me sad. But it's so true.


Want to support my work? Click here to Buy Me a Coffee β˜•

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