January 9, 2020

$2,500 in MRR from a bad idea...

Spencer Scott @Squb

I love indie hackers, but I went away for a minute because a subscriber told me there is nothing original or intriguing about my company.

Well, I am excited to announce that today we passed $2,500 a month across 25 subscribers/customers over 3 countries bringing our revenue to over $30,000.

Our fixed costs are $80 a month and we only have 1 employee... Stupid (non-original or intriguing) old me... Haha

We (I) have a goal to hit $100,000 by the end of the year which means picking up 58 more customers or 5 customers a month. Wish me luck and good luck to all the hackers out there!

Feel free to ask me anything.

  1. 3

    Congrats! 25 customers is no joke - and good on you for taking a moment to celebrate this accomplishment.

    1. 1

      @toddmcneal thanks. 25 is a small number but it feels huge considering I had to cold call and pitch each and every one of them.

  2. 1

    Well done! A great lesson for those people tempted to give too much credibility to the opinions of the growing number of “arm chair experts” here on IH.. hell, even those who’ve kicked goals don’t have a crystal ball - I’m glad you persisted and succeeded regardless of the nay sayers and tall poppies that abound. 👍

    1. 1

      Hey @Shaunau thanks for the kind words!

  3. 1

    What's your product? IndieHackers can be demotivating. I have to remind myself to take everything people say here with a grain of salt. I've had people laugh at my chrome extension idea, today it's up and live and getting a ton of active users. Next up, I will do sponsorships and start making some MRR from paid placements.

    It's good that you didn't listen to a few people's opinions, but generally people mean well and there is a lot of sage advice here (though it can be wrong!) Curious to hear how you launched it, what worked, what didn't. Oh and congrats!!

    1. 3

      @genemachine Thanks for the super kind words. My company is also a Chrome extension! I am super happy to hear you are finding success. Nothing, I am mean NOTHING ever happens as fast as you would want it to.

      I almost quit at one point because I never saw the light at the end of the tunnel. I am glad I didn't.

      I also agree with you on the opinions. I am not saying that "person" was wrong for what they said, in fact, they probably didn't intend for it to be mean. The problem was all in my head.

      As far as the product goes, the extension is called Loup (loupdb.com) and it connects companies phone systems to Google Chrome so they call make calls out of business application like Salesforce.com or Zoho.com.

      1. 2

        Feedback is important and there are huge positives from getting input from the community, and like @genemachine says - it's so important to take things with a grain of salt and find your own path.

        Only you have the insights and learnings. Only you knows how much grit you can/will put in. Only you are responsible for the results.

        I also think, from an online community perspective, that the more specific help you request the better info and 'opinions' you will get. Generic questions and discussions will generate opinionated responses. The more specific you can get with the help you need, the better.

        I got lots of doubting/weird looks when starting out with Ministry of Testing, but I made it work to 7+ ARR figures.

      2. 1

        Good on you for following your gut! A few years back I had to hack together a solution with asterisk and an early version of suitecrm. There are definitely people out there who will want what you make. Especially if they don't have in house developers for their CRM. Hope the next 25 come even easier!

        1. 2

          @GEEKFORGED you nailed it my man! I always love meeting people who have had run-ins with Asterisk. A little secret for yah, Vonage's business offering runs on an evolved Asterisk deployment...

          Anyway, thanks for the kind words and I hope to G.O.D. the next 25 comes easier. haha

  4. 1

    Nicely done!

    I'd love to know what the bad business this is! Why was it called a bad idea, and why do you feel you've proved said person wrong? :)

    1. 1

      @rosiesherry we connect companies phone systems to their CRMs via APIs. It allows for click to call in Google Chrome along with automatically looking up customer records based on phone numbers.

      As far as your "proved said person wrong" comment, I figured building a business to $2,500 a month was a good sign, but to his point the Pet Rock did exist at one point.

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