What is the simplest/smallest project that you know is making at least 500$ per month (SaaS preferably, but other models are okay too)?
What is the simplest/smallest project that you know is making at least 500$ per month (SaaS preferably, but other models are okay too)?
I'd like to start with something really small - I've taken on projects that are big, only not be able to finish it. That is the reason behind this question, to get an idea/inspiration of how small I can go. I am more interested in finishing the project and making some money (for validation) than having a big project
Hey - have you thought about looking through the product directory? Here's search results on $1-500 products. They're not all up to date with financial data, but it might inspire you?
IH is full of surprise :D
@csallen That deep link is returning products with $0/month as well - seems to work fine if you change the MRR parameters through the UI.
I just cleared $540 a month (month previous was $80). Stripe verified! it's a service to help entrepreneurs find & learn from their markets. https://scoops.io/
One thing I liked, and was a big driver in me giving scoops a go, was that it was not a recurring subscription.
I think too many SaaS creators chase the recurring payments too early.
So, +1 from me on that front.
Hey Patrick, thanks for the comment - that was actually one of our early debates. My partner wanted to go subscription, but I told him that would (at this point) only benefit the business, not the user. In the future we may go that route but not until we have user value that justifies it!
Also - one more thing before I let you go :) Would you mind filling out this Typeform after having used Scoops? https://chrislee12.typeform.com/to/hjubgC We're trying to raise money in the next month and so having some good metrics would really boost our chances. Appreciate it man!
You made the right call in my opinion.
How much do you need to raise... and equity are you looking to provide?
I'd be looking for a seed round, anywhere from 100-250, valuation really depends. probably looking for anywhere from 5-15% equity - honestly i'm not an expert in fundraising, I'm an expert in product-building :). I'm just basing this off of what I know I need vs what I've talked to people about in the industry - I could be way off.