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