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12 Comments

First Revenue ever after 5 years of bootstrapping my side hustle!

Hi all,

I couldn't believe my eyes when I got that email from stripe celebrating my first paying customer.

After a lot of work, struggle, frustration I finally have paying customers!

I ran the numbers quickly. Here, they are:

Revenue Total: 18 EUR

  • Recurring vs One-time: Recurring (monthly subscription)
  • paying customers: 2 (both unknown to me)

  • Tier 1: 2 customers
  • Tier 2: 0 customers
  • Tier 3: 0 customers
  • Tier 4: 0 customers
  • Conversion rate 1 listing vs paid: 1.62%
  • CAC: sample size of 2:
    3 EUR per hour for VA.
    VA onboards 30 profiles per hour = 0.10 EUR per new profile.
    1'725 users have a profile.
    122 users published a property: 122/1'725 = 7.07%.
    0.1 EUR / 7.07% = 1.41 EUR per published property.
    4.28/ 1.62% = 86.28 EUR per paying customer.
  • ROI with Tier 1 customers = 86.28 EUR / 9 EUR= 9.58 months.
posted to Icon for group Building in Public
Building in Public
on December 30, 2020
  1. 2

    Congrats 🎉🎊🎈

    1. 1

      Thank you so much! :)

  2. 2

    Congratulations Michael!

    1. 1

      Thank you so much, Davey! :)

  3. 2

    Congrats, looks great! What kind of onboarding does the VA do at 30 an hour?

    1. 1

      not much, guiding them through

  4. 4

    This comment was deleted 3 years ago.

    1. 1

      That's sooooo nice! Thank you so much, and you're right, replicating the persona! Your words mean a lot to me, thank you! :)

  5. 2

    This comment was deleted 5 years ago.

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