Simple AI Wrapper in Auto-mode: 8 Months, $4K in Revenue, $220 in MRR
We shipped Summarify.me sometime in November last year
The idea wasn't unique but my co-builder & I wanted to build something fun and assess our working relationship with a simple project.
The idea behind Summarify was to build a simple summarization tool that could summarize any kind of file or link. It currently supports PDFs, Youtube Videos, Blogs, Websites, Video Files & Audio Files.
Took us a couple of week to build this out and ever since it has been running on its own with minimal maintenance.
Stack
- Tech: Vercel, NextJS, Tailwind CSS, Youtube API on Digital Ocean, Pinecone for RAG
- Payments: Lemon Squeezy
- Emails: Loops
Traffic & Revenue
- Traffic: 25K
- Sign Ups: 4.7K
- Revenue: $4K in Lifetime Revenue, $220 MRR
Expenses
- Loops: $25/mo
- Vercel pro: $20/mo (Shared across projects)
- Digital Ocean: $0/mo (Credits via Digital Ocean Hatch)
- OpenAI: $0/mo (Credits via MS Founders Hub)
- Deepgram: $0/mo (Credits via Deepgram Startups Program)
If not credits, we would spend $10/mo on Digital Ocean, $50/mo on OpenAI and $50/mo on Deepgram
How did we acquire users?
We did the bare minimum - posted on Twitter, Launched on product Hunt and posted on a few reddit communities.
What's Next?
We have added Chat and are now working on SEO to improve the revenue numbers. We think that this could easily become a $1000/mo business really fast and our costs won't increase much.
AI costs may seem high but we think that these costs will keep on coming down and won't be more than 20-25 % even when we are out of credits.
What do you think? What should we do form here on?
