How to generate ideas for your next projects or how to apply the 'umbrella-brand' like approach

How to generate ideas for your next projects or how to apply the 'umbrella-brand' like approach

TL;DR: Develop a feature as a separate product.

Remember this term: Decomposition.

For publishers at 1payment.tools, I created "Image Crop" and "Product Description Generator with AI" as internal tools.

However, they can also be released as separate products with API. This way, your products/services begin to use your own products/services.

Benefits:

  1. Keep money within the same pocket; no need to pay a third party.
  2. You become a customer of your own product, which is crucial for understanding the needs of your potential users.
  3. Diversification. More products mean more income (of course, if you plan to offer a paid option. Otherwise, why are you still reading this?)
  4. Reduced spending on marketing because customers already know you from your previous products.