Show IH: Grew my niched portfolio analysis side-hustle to €30k MRR
Hi IH,
my name is Sumit, I have a full-time job and started investing 4 years ago. I wanted a better tool to aggregate my stocks & ETFs from different brokers and visualize and analyze where my money is and goes.
So I built Parqet - and it grew since then.
👉 parqet.com
Today, over 100k users registered and it currently makes €30k/month with 5% to 20% growth month-over-month.
The product is only available in DACH for now (Germany, Austria, Switzerland) and I never posted an ad.
Proud of what I built but also crazy hard next to a full-time job, especially B2C where there is LOTS of customer support.
Happy to answer any questions - I'm also sharing a lot of the journey on Twitter:
https://twitter.com/TweetsOfSumit
I use Parqet myself for a while now and can say that it is a great product by many aspects. The UX is just great, it is privacy-friendly and overall does what it promises to do. It gives me just the best overview of my investments 👍
Thank you Sumit for sharing so much about your journey and keep up the good work.
My only question would be, do you have plans to go full time with Parqet or will you keep it as a aide hustle?
Thanks for the kind words, that’s awesome!
I actually already quit and will go full-time on Parqet in June 🔥🚀
Congrats! Awesome work. Been following you and parqet's journey for over a year now and learned a ton!
Thank you for sharing so much insights!
Hi Sumit,
sounds really amazing! Congratz on your progress!
I have some questions:
1.) How long did you work on this project to be ready on the market? Did you do it alone or as a team?
2.) What was the biggest challenge you faced during that time?
3.) How did you get your first customers?
4.) What was the key moment during that time that went well for you?
Thanks for your reply!