Quick update from me on what I've been up to with RemoteQuiz for the last few months!
Started building a no-code based Zoom Quiz app in April, got first 1000+ users and very slight profitability with paying customers. Just acquired by a new buyer through MicroAcquire in a simple 2 week process.
Like lots of us I found myself having lots of Zoom quizzes with friends as Covid-19 lockdown started in April in the UK.
To keep myself busy while stuck at home I decided to build a simple web app to make playing these quizzes easier. This was a fun side project for me to work on in the evenings and weekends.
I've built tons of no code apps on Bubble.io and went with that for the build - it really is incredible how quickly you can put together decent apps with that platform now - at an unbelievably low cost.
Essentially the app shows all players the same question and then collects and scores everyones answers automatically. I spent a load of time making fun quiz templates but people could also make their own.
I shared the app on Twitter and to my surprise it took off with about a hundred people signing up in the first week or so!
I didn't have any paid plans at all and everything was pretty basic. Within a month I'd added a premium tier with a bunch of extra features like Giphy support, I decided to charge a flat $10/month to keep it simple.
I hired one of my amazing creative friends to do a bunch of custom illustrations for the app which really gave it it's own character.
I was super excited when my first few customers upgraded to paying accounts, there really is nothing quite like having people pay you for something you've poured your heart in to and made.
After another month the app was breaking even and just nudging over into being profitable. Given the whole thing ran on Bubble & Sendgrid there wasn't a huge cost base, with operating costs under $100/month to keep it all running.
By July I had around 1,500 users with around 13k questions answered through the app which was awesome. Users had also made around 100 custom quiz templates with their own games.
I started to get signups from big companies (and even governments!) with staff using the app to play team quizzes in the office, which was a bit of a sign of a future direction the app could go in.
Fast forward to a few weeks ago and I decided to list it for sale on MicroAcquire.com to see if anyone would be interested in buying it.
Andrew from MicroAcquire was super helpful and helped me through the whole process of listing the app and getting featured in their newsletter. The whole listing process is super easy, pretty much just hooking up your Stripe account and writing a nice description. You can verify your metrics (GA, User numbers etc) with a couple of screenshots.
To my amazement I had a huge flood of enquiries from people interested in buying the app. There is obviously a huge market for early stage apps with a little bit of traction for people to take forward.
I had around 70 enquiries, 3 serious offers and one which went through to completion.
The sale process itself was amazingly straight forward. I had around 4 zoom calls with the buyer to run through the logic and backend of the app and how everything was connected.
We had a checklist of things to hand we had to work through
Me on the final Zoom call with RemoteQuiz's new awesome new owner Jerry!
Overall it was unbelievably smooth - this has to be one of the major benefits of building a No-Code app. Not only is the process of building the app super straight forward and quick - it's also easy to transfer to a new owner as everything is documented within the workflows themselves.
I'm going to write a more detailed blog post going through all the processes and figures in more detail but just wanted to share this with the community first.
Thanks again to the amazing IndieHackers community who constantly keep me inspired with all the amazing things you're all building.
Would love to answer any questions anyone has about the sales process or the no-code aspects of the project!
In the meantime I've started work on my next app, can't wait to repeat this process 😄