I asked my startup advisor how to reach $10,000 MRR

ChatGPT gives pretty good advice, I recommend him as adviser to everyone.

Very generic advice.

I believe advisor must help us to figure out

• Why and how a particular strategy to execute

• Which strategic to pick from a pool of strategies

• When to execute which strategy

Hey Wilbert, those are for sure good advices. I just googled your question and the first page I found could help you more: https://goodmanlantern.com/blog/simple-tricks-to-boost-mrr/

No offense, but it looks like an AI-generated text 100%. Although he is true, it might take you 10 years with those recommendations to get $10K in MRR.

I believe you're paying him '000 $ per session/month, right?

Here are the main takeaways after analyzing over 120 growth strategies:

• 10 x $1,000 per customer = $10K // you need to be a thought leader - ex-VP at Salesforce or something
• 100 x $100 per customer = $10K // you need to be a micro-influencer (100K followers)
• 10,000 x $1 per customer = $10K // you need to be a micro-influencer + have product built-in virality or a strong WOM (word of mouth).

For a smooth acquisition process, the price = the perceived value of your product.

• So if you're charging $1,000/month, then it definitely needs to be/have a back-end + front-end solution.
• If you're charging $100/month, you can get away with only a front-end solution, but it needs to have a high usage frequency.
• If you're charging $1/month (or a really low price), then you definitely need to build a solid audience first (>100k) and also have a virality built-in (think of Calendly, Loom, Airtable, etc.)

Again, what few of these growth advisors say/recommend - is to build an agency, or be a consultant first, then productize your service (aka build a SaaS). This way, you can understand and go through those pain points yourself.

Where should I send the invoice? 😁

Nothing of any value in his answer. Just the usual baseline.

Next time, please hire me. I will give you a discount :-D

LMAO

stop paying it immediately.
advisors that don't ship and have success should be learning and not advising.

I think this is pretty bad advice. Everything is focused around building a product and making the customers who use that product happy. This is risky.

Instead, focus on solving the sales portion first. Find something that businesses need. With 10k a month MRR, that could be 10-100 companies depending on what you offer. But I would find those first ten companies before building anything.

Build a product for those customers, it doesn't even have to be that great. I have a product that's pretty much filling out a form and the company pays about $500/month for it because it works within their specific industry and honestly the product is mediocre.

Hey Wilbert, insightful points!