My SaaS Product has made $3,650 already 🤩 But there's a flip side to the story...

So, I released FeedHive in public beta 6 weeks ago.
I think it's a good time to look at the total profit of my product at this very moment.

And there's a flip side to the story 😉

In total, FeedHive has made:

$3,650

That's great.
But let's take a look at some of the expenses.

We got a UX Engineer involved, and he's currently building a new marketing website.

It's really cool 🔥
But we also had to pay him for his hard work.

-$3,500

For FeedHive, we're using Crisp chat.
It's really adding a lot of value.

But of course, we need to pay for a service like that.
It's $30/month, and we've been using it for 3 months.

-$30 * 3 = -$90

In order to develop professionally, we're using a GitHub Organization on the paid plan.
On GitHub, you pay $4 pr. member / month.

Since we have paid yearly for 4 members, we spent around $300 on GitHub so far.

-$300

FeedHive runs on AWS.
We architected the solution really well, but of course, there are still server costs.
On average, we have paid around $1.6 / month in 3 months, so:

-$5

NB: It's worth noting that the average price of $1.6 included two months of closed beta. The price of February (the first month of public beta) was $3.74

Now, stuff gets heavy!
I canceled all contracts with my clients to go full-time on FeedHive.

I'm only gonna look at the current month.
I typically invoiced my clients $20K-$25K in total, pr. month.

Let's make it an even $20K, for the argument here.

I stopped working as a consultant on the 10th of March, so I'm estimating a loss in profit of $20K / 3 * 2 = $13K.

So, let's break down the total expenses:

-$3,500
-$90
-$300
-$5
-$13,000

= -$16,895

So, we can now calculate the total profit of FeedHive at this very point in time:
$3,650
-$16,895

= -$13,245

Yup, that's right 😎
We're down with around $13K.

Whenever you see people posting their MRR, remember:

There's more to the story 😉

Do I still believe in FeedHive even though I've lost money so far?
Yes, I totally do 🚀