Should I give up on this project?

Hey Michael,

If there are zero other companies actually making money with the product that you have created (in other words, you have no competition) then drop it.

Trying to create demand is an uphill battle that even the biggest companies in the world struggle to do (see Google and its product graveyard).

Best

Chris

You should not drop the project. You should reset and invoke the scientific method to see if you can get to the next step.

First I would set a goal. Where do you want to be over what timeline. Your profile says that you don't want to monetize. What do you want to do?? Maybe the goal is to get followers on a social channel, maybe it's to completely automate & just make this tool available, maybe you should actually figure out a way to get paid.

Second, come up with a theory/hypothesis to get to the goal. Make this specific and falsifiable.

Third, execute and see if the hypothesis is true and if it gets you to the goal.

There are a million people that built GPT wrappers (the easy part) and are now quitting their project, because the didn't know what they wanted in the first place. To be successful (and you get to define that), you need to reset and figure out where you want to go from this new reality and keep working on a bigger problem that people want to be solved.

Good luck.

If you've had organic growth, then continue exposing it on social media to grow customers. After you have a significant amount of customers, you can begin to introduce monetization. Look up a "freemium" subscription models. It's what companies like Spotify and Pandora did and lots of others.

Kudos on your GPT wrapper's growth from 20 to 200 users! A 5-20% retention in the early stages is a solid foundation. In the B2C edtech realm, traction and data are paramount. Here's a concise action plan:
Boost Traction: Amplify your efforts to attract more users. More users mean richer data to analyze.
Analytics Integration: Use tools like Hotjar and Google Analytics to understand user behavior and preferences.
Engage & Feedback: Connect with your top users via email. Discover why they value your product and how it can be improved.
Targeted Approach: Your product might be a hit with a specific audience. Identify them and tailor your strategies.
Iterate & Refine: Use the insights from increased traction to enhance your product's features and user experience.
Focus on gathering more data through traction, and you'll uncover the path to success in edtech. All the best!

Hi Michael,

Looks like a great project but it does feel like you've ran out of steam, totally understandable.

I'm assuming sales is a motivating factor, so if this were my project, I'd reach out to the subscribers you have and had and offer them some bonus for filling in your quick 2 minute survey.

The survey would include questions such as:

How did you hear about us?

What made you upgrade?

What are your goals with using this product?

Why did you cancel?

What would make you come back?

Tip: Use the language you get from the survey in your site copy, this way you are using their own language and the connection will be stronger.

Well asking if someone built something similar and succeeded will not give you the answer you need, because you will still not know his background and how he did it. First of all you need to answer to yourself what you want from this project. Secondly you did nothing to advertise it (except few reddits). Ask your users about the feedback, do more marketing and don't give up 💪

Reading how you explain your work, tells me that you have already gave up.

Either get excited about it, again. Improve how you present, fill the marketing gaps - post again and post more often on subreddits. Or move on to whatever you are planning to do next.

I haven't built a wrapper but seen a few wrappers hitting some good revenue and acquired.