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26 Comments

First time I've reached $10K ARR πŸš€

While I'm not quite pulling in the revenue needed to make this a full-time business, I see a path forward.

Big things I'm working on to take my startup to the next level:

πŸ‘‰ Improve SEO
I'm getting decent traffic, as I launched this as a freebie side-project 4 years ago. I recently made some big upgrades to my site to take advantage and have started to add much more written content.

πŸ‘‰ Going deeper into the metrics
From day one, I added Google Analytics, but it doesn't tell you how your web app is being used. I've added two tools with generous free tiers: MixPanel and FullStory for that reason. MixPanel let's you track custom events that your users trigger. I can get a picture of what features are being used for instance... and more like funnel conversion, retention, etc. FullStory let's you watch users session and uncover problems in your UI/UX.

πŸ‘‰ Attacking my weakest links
Now that I can better see how my site and app are being used, I'm using that to inform what I work on. For example, I see my conversion rate is poor (0.05%). But I also setup a funnel to figure out what steps are the worst performing, where one fix can have the biggest improvement.

πŸ‘‰ Encouraging feedback
A big mistake I made was expecting users to reach out with feedback without much prompt. A few users reach out when they have problems and I have an exit survey, but that's not nearly enough. A bigger fix is I made a big CTA on my site to ask for feedback from paying users. I plan to take this further, but I want to see how this works out first.

πŸ‘‰ Act on the feedback
Feedback is worthless if you don't act on it. You obviously want to see trends to know which criticism apply to your userbase, rather than a single user. As a small founder, big picture things are hard to act on. For now I'm keeping the scope small and acting on things that will obviously provide value on my current trajectory.

πŸ‘‰ Marketing
Haha. Haha. Haha. Anything I do will be an improvement. Since I do have decent organic traffic, I have been more focused on improving my conversion rate before going all out on Marketing efforts. But I'm planning marketing campaigns for 2022. One thing I have done in prep has been building my Twitter presence. I think 2022 will be big a big year for me.

That's what I've been thinking about now that I hit this big milestone, I have been focused on taking my side-project to the next level.

Here's the tweet that inspired me to share this:

Thanks for listening!

on October 29, 2021
  1. 5

    Maybe you should say what it actually is? 😊

    1. 2

      Good point, I'm building SVGBackgrounds.com.

      1. 2

        Are you not worried other people will copy your product when you share what you do ?

        1. 1

          I already have a variety of competitors, from big stock sites to sites that resemble my site. While I worry a little, copying my idea and getting to where I am (not amazing income) is a lot of work. Probably easier to copy a more profitable idea.

      2. 2

        Ah cool. I’ve seen that in a previous post - good stuff πŸ‘

  2. 2

    Very inspiring!

  3. 2

    Noice! You'll get there. $10K ARR might not be too much to live off of, but it's a great amount to show you that you're doing something right!

    1. 1

      Agreed. I am a self-employed web designer, so it covers my expenses and helps even out the inconsistencies of paid projects. This income kept me afloat and now I see areas where improvements can take me to the next level and hopefully reach full-time income level.

  4. 2

    Nice! I'm always pleasantly surprised and encouraged when I hear of startups hitting $10k milestones with little paid ads - sounds like organic is a focus for you!

    1. 1

      Yep. I spent $30 on Facebook ads and quickly stopped. Most my traffic (and sales) are from organic search or website referrals. I plan to do more with email marketing and marketing in general in the upcoming months after I tackle my conversion rate issue.

  5. 2

    Congrats buddy.
    Who uses your tool btw ?

    1. 1

      Thanks! Main use is for web designers and devs, but I've see it used for a slew of digital products (slides, social graphics, etc).

  6. 2

    congrats! keep up the awesome work

  7. 2

    Congratulations! very inspiring

    1. 1

      Thanks Victor!

  8. 2

    Congratulations! Keep it up! πŸ™ŒπŸ”₯

      1. 1

        It's my pleasure.

  9. 2

    Congrats! Keep it up!