Just reached 8k in MRR
It has been a while since I have posted on here, but thought I would record this milestone! We now have 150 paying customers for our project Financial Cents and are on track to double our goal for the year by hitting 10k MRR.
We are adding 20 firms a month and adding anywhere from 1-1.5k in new MRR a month. It feels like we have got enough users now that love our solution that we are growing through word of mouth. However, we have had a lot of success with FB ads and are now looking at layering in webinars!
Look forward to posting our progress at the end of the year!
I think it's weird that people are not refering their projects in that kind of posts 🤷♂️
Congratulations 🥳
I would love to know what you mean by layering webinars? Do you mean you will use webinars as another customer acquisition channel?
That is correct. I am looking for an organic channel outside of FB ads and we think webinars could work really well. Accountants are required to get their CPE credits and we can host webinars that fulfill those credits for them and then talk about our product as well. Anywhere from 400 - 1.5k accountants join these webinars every time you host one
That's a really well thought out plan!
I'm actually building a product that's aimed at helping business convert webinar attendees via our Q&A tool. We find that the people who engage in Q&As are often most ripe for conversion. It's still in closed beta at the moment (Dec launch) but would love to keep you updated. We have a waiting list here: https://newny.io .
Good luck on this, you'll smash it!
nice dude. Congrats 🥳
Congratulations
Congrats!
When I check your IH profile I notice your have 16kMRR on https://financial-cents.com/, are these 8k related to another project or am I missing something?
I'd love to know how you grew this customer base and what is your best acquisition channel so far.
Keep up the good work!
On a cash flow basis, we are bringing in 12-16k a month right now because 70% of our users pay for the annual plan. However, on an accrual basis, we are at 8k a month.
FB ads were the channel that has been pretty successful for us so far. Also, had a lot a bit of success joining FB groups that our target market is in and commenting on posts that talk about the problem we solve
Congrats! But it seems like you’re way under-charging.
I agree, we just increased pricing 5 days ago, but still are half the price of our closest competitor. We are going to slowly be increasing pricing again over the next 5 months
Nice! Yeah, it seems like a common mistake you hear a lot on the podcast (and others like Startups for the Rest of Us) is under-charging. Well done for having the confidence to increase your price :)
Congrats! I'll look forward to an update.
You'll hit that 10k in no time
That's a big number! Congratulations.
This is awesome, congrats!!
Congrats! Would love to chat and maybe do an interview to feature Financial Cents on Growthunt.com
Congratulations !! Keep us updated.
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